Hennessy Advisors Inc. Has $16.52 Million Holdings in Groupon, Inc. $GRPN

Key Points

• Hennessy Advisors Inc. reduced its stake in Groupon, Inc. by 35.7% during the second quarter, now owning 494,000 shares valued at approximately $16.52 million.
• Recently, institutional investors have been active in Groupon, with California State Teachers Retirement System increasing their stake by 6.8% in the fourth quarter, while GAMMA Investing LLC raised its stake by a staggering 48,700%.
• Groupon reported a $0.46 earnings per share for the last quarter, exceeding expectations, and analysts have set a consensus rating of "Hold" with an average price target of $29.80.

Hennessy Advisors Inc. decreased its position in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 35.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494,000 shares of the coupon company's stock after selling 274,100 shares during the quarter. Hennessy Advisors Inc. owned 1.24% of Groupon worth $16,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Groupon by 6.8% in the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock valued at $290,000 after purchasing an additional 1,526 shares during the period. USA Financial Formulas acquired a new stake in shares of Groupon in the 2nd quarter valued at about $57,000. Bank of New York Mellon Corp raised its stake in shares of Groupon by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 74,808 shares of the coupon company's stock valued at $1,404,000 after purchasing an additional 1,720 shares during the period. AlphaQuest LLC raised its stake in shares of Groupon by 383.5% in the 1st quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock valued at $70,000 after purchasing an additional 2,949 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Groupon by 48,700.0% in the 1st quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock valued at $1,100,000 after purchasing an additional 5,844 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Groupon Trading Up 2.0%

Shares of GRPN stock opened at $22.96 on Friday. The firm has a 50 day moving average price of $26.31 and a two-hundred day moving average price of $26.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $928.27 million, a PE ratio of -95.66 and a beta of 0.51. Groupon, Inc. has a 12-month low of $7.75 and a 12-month high of $43.08.

Groupon (NASDAQ:GRPN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The coupon company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.48. The firm had revenue of $125.70 million during the quarter, compared to the consensus estimate of $122.46 million. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. As a group, analysts predict that Groupon, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GRPN has been the topic of several recent research reports. Northland Securities lifted their price target on Groupon from $39.00 to $44.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Roth Capital raised their price objective on Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a report on Friday, June 20th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Groupon in a report on Saturday, September 27th. UBS Group began coverage on Groupon in a report on Thursday, August 7th. They set a "mixed" rating for the company. Finally, Wall Street Zen cut Groupon from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, Groupon presently has a consensus rating of "Hold" and an average price target of $29.80.

About Groupon

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.

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