Atmos Capital Gestao DE Recursos LTDA. Has $125.58 Million Stake in StoneCo Ltd. $STNE

Key Points

• Atmos Capital's Stake: Atmos Capital Gestao DE Recursos LTDA. increased its holdings in StoneCo Ltd. by 3.1%, owning approximately 11.98 million shares valued at $125.58 million, making it the largest position in its investment portfolio.
• Analyst Upgrades: Several analysts have upgraded StoneCo, with Zacks Research rating it a "strong-buy" and Barclays raising its price target from $13.00 to $15.00.
• Financial Performance: StoneCo reported earnings of $0.39 per share for the last quarter, surpassing analyst estimates while generating revenues of $643.82 million.

Atmos Capital Gestao DE Recursos LTDA. grew its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 3.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,982,873 shares of the company's stock after acquiring an additional 359,037 shares during the period. StoneCo accounts for approximately 26.4% of Atmos Capital Gestao DE Recursos LTDA.'s investment portfolio, making the stock its biggest position. Atmos Capital Gestao DE Recursos LTDA. owned 4.19% of StoneCo worth $125,581,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock valued at $30,000 after acquiring an additional 2,720 shares during the last quarter. CWM LLC lifted its stake in shares of StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after acquiring an additional 2,416 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after acquiring an additional 2,715 shares during the last quarter. Twin Tree Management LP bought a new position in shares of StoneCo in the 1st quarter valued at $58,000. Finally, Signaturefd LLC lifted its stake in shares of StoneCo by 13.6% in the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock valued at $81,000 after acquiring an additional 924 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STNE has been the subject of a number of research reports. Zacks Research upgraded StoneCo to a "strong-buy" rating in a research note on Tuesday, August 12th. Barclays increased their price target on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Santander upgraded StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, UBS Group increased their price objective on StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.36.

StoneCo Price Performance

STNE stock opened at $17.26 on Tuesday. The stock has a market capitalization of $4.94 billion, a PE ratio of -24.66, a price-to-earnings-growth ratio of 0.46 and a beta of 1.91. The company's 50-day moving average is $15.00 and its 200-day moving average is $13.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.49.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The company had revenue of $643.82 million for the quarter, compared to analysts' expectations of $3.78 billion. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. Equities research analysts expect that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

StoneCo Company Profile

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.

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