CenterBook Partners LP Cuts Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

CenterBook Partners LP decreased its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 65.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,156 shares of the technology company's stock after selling 96,727 shares during the period. CenterBook Partners LP owned about 0.07% of Cantaloupe worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in Cantaloupe by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company's stock valued at $3,518,000 after acquiring an additional 21,938 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Cantaloupe by 15.7% during the 3rd quarter. Janus Henderson Group PLC now owns 154,985 shares of the technology company's stock valued at $1,146,000 after purchasing an additional 21,004 shares during the last quarter. Quarry LP acquired a new position in Cantaloupe during the 3rd quarter worth approximately $26,000. State Street Corp lifted its stake in Cantaloupe by 2.4% in the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company's stock valued at $9,160,000 after purchasing an additional 29,460 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Cantaloupe by 98.4% during the third quarter. XTX Topco Ltd now owns 34,350 shares of the technology company's stock worth $254,000 after buying an additional 17,040 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Cantaloupe Trading Down 0.8 %

Shares of Cantaloupe stock traded down $0.06 during midday trading on Thursday, reaching $7.54. The company had a trading volume of 102,016 shares, compared to its average volume of 390,966. The stock has a fifty day moving average price of $8.75 and a 200 day moving average price of $8.86. Cantaloupe, Inc. has a fifty-two week low of $5.75 and a fifty-two week high of $11.36. The firm has a market cap of $550.76 million, a PE ratio of 37.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter in the previous year, the business posted $0.04 EPS. On average, equities analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

CTLP has been the topic of a number of research reports. Benchmark boosted their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Barrington Research restated an "outperform" rating and set a $14.00 price target on shares of Cantaloupe in a report on Thursday, March 27th.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.