3G Capital Partners LP Sells 337,500 Shares of Goosehead Insurance $GSHD

Key Points

• 3G Capital Partners LP cut its stake in Goosehead by 73%, selling 337,500 shares and retaining 125,000 shares (about 0.34% of the company), a position worth roughly $9.3 million and its 14th largest holding.
• Goosehead reported $0.64 EPS for the quarter (beating estimates by $0.10) but posted revenue of $78.2M that missed expectations and showed a negative return on equity of 21.31%, reflecting mixed fundamentals.
• Director Louis Goldberg bought 5,575 shares at $44.85 and insiders now own about 48.35% of the company, while analysts hold a consensus "Moderate Buy" rating with an average price target of $80.78.

3G Capital Partners LP trimmed its position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 73.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,000 shares of the company's stock after selling 337,500 shares during the period. Goosehead Insurance makes up approximately 2.2% of 3G Capital Partners LP's investment portfolio, making the stock its 14th largest position. 3G Capital Partners LP owned about 0.34% of Goosehead Insurance worth $9,302,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GSHD. Bank of Montreal Can lifted its stake in Goosehead Insurance by 2.2% during the second quarter. Bank of Montreal Can now owns 5,299 shares of the company's stock worth $559,000 after purchasing an additional 116 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Goosehead Insurance by 7.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company's stock valued at $257,000 after purchasing an additional 159 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Goosehead Insurance by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company's stock valued at $1,268,000 after purchasing an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock valued at $34,000 after purchasing an additional 269 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Goosehead Insurance by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 69,012 shares of the company's stock worth $5,136,000 after buying an additional 284 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GSHD shares. BMO Capital Markets dropped their price objective on Goosehead Insurance from $79.00 to $55.00 and set a "market perform" rating for the company in a research report on Wednesday, February 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Goosehead Insurance in a research report on Wednesday, January 28th. Jefferies Financial Group initiated coverage on Goosehead Insurance in a research note on Monday, December 1st. They set a "buy" rating and a $93.00 target price for the company. Cantor Fitzgerald set a $84.00 price target on shares of Goosehead Insurance in a research note on Monday, February 23rd. Finally, UBS Group decreased their price target on shares of Goosehead Insurance from $121.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $80.78.

Goosehead Insurance Price Performance

GSHD opened at $44.17 on Friday. Goosehead Insurance has a fifty-two week low of $42.87 and a fifty-two week high of $127.99. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 3.12 and a beta of 1.57. The company's 50 day moving average price is $58.93 and its two-hundred day moving average price is $68.60.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. The firm had revenue of $78.20 million during the quarter, compared to the consensus estimate of $99.67 million. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. As a group, equities research analysts predict that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In related news, Director Louis Goldberg bought 5,575 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average cost of $44.85 per share, with a total value of $250,038.75. Following the transaction, the director directly owned 5,575 shares in the company, valued at approximately $250,038.75. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Profile

Goosehead Insurance NASDAQ: GSHD is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.

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