Aquatic Capital Management LLC Grows Position in Despegar.com, Corp. (NYSE:DESP)

Aquatic Capital Management LLC increased its stake in Despegar.com, Corp. (NYSE:DESP - Free Report) by 450.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,472 shares of the company's stock after acquiring an additional 26,572 shares during the period. Aquatic Capital Management LLC's holdings in Despegar.com were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DESP. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Despegar.com by 2,086.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,137,974 shares of the company's stock worth $21,906,000 after acquiring an additional 1,085,931 shares during the last quarter. Annex Advisory Services LLC bought a new stake in Despegar.com in the fourth quarter worth $9,499,000. Invesco Ltd. boosted its position in Despegar.com by 554.8% during the fourth quarter. Invesco Ltd. now owns 497,861 shares of the company's stock valued at $9,584,000 after buying an additional 421,826 shares during the period. Emeth Value Capital LLC bought a new position in shares of Despegar.com during the fourth quarter valued at about $7,154,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Despegar.com by 1,083.7% in the fourth quarter. Russell Investments Group Ltd. now owns 374,134 shares of the company's stock worth $7,202,000 after buying an additional 342,528 shares during the period. Institutional investors own 67.93% of the company's stock.

Despegar.com Price Performance

DESP traded up $0.01 during midday trading on Wednesday, reaching $19.47. 74,668 shares of the company's stock traded hands, compared to its average volume of 1,623,920. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -648.83, a P/E/G ratio of 0.91 and a beta of 1.61. The firm has a fifty day moving average of $19.16 and a two-hundred day moving average of $18.23. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55.

Despegar.com (NYSE:DESP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.61). Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The company had revenue of $210.30 million for the quarter, compared to analysts' expectations of $212.40 million. Despegar.com's quarterly revenue was up 8.7% on a year-over-year basis. Sell-side analysts forecast that Despegar.com, Corp. will post 0.87 EPS for the current year.

Analyst Ratings Changes

Separately, B. Riley cut Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $17.20.

Despegar.com Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.