Magnetar Financial LLC Takes Position in Cantaloupe, Inc. $CTLP

Key Points

• Magnetar Financial LLC invested $250,000 in Cantaloupe, Inc. by purchasing 31,742 shares in the first quarter.
• Major institutional investors have increased their stakes significantly, with Janus Henderson Group PLC boosting its stake by 600.1% in the fourth quarter.
• Analysts have downgraded Cantaloupe's ratings, now with a consensus rating of "Hold" and an average target price of $12.24.

Magnetar Financial LLC purchased a new stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,742 shares of the technology company's stock, valued at approximately $250,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cantaloupe by 5.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,263 shares of the technology company's stock worth $238,000 after purchasing an additional 1,622 shares during the period. Rhumbline Advisers raised its position in shares of Cantaloupe by 3.4% during the first quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock worth $659,000 after purchasing an additional 2,725 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cantaloupe by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,719 shares of the technology company's stock worth $844,000 after purchasing an additional 2,792 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Cantaloupe by 6.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 55,992 shares of the technology company's stock worth $441,000 after purchasing an additional 3,200 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Cantaloupe by 18.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,283 shares of the technology company's stock worth $212,000 after purchasing an additional 3,462 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CTLP. Northland Capmk lowered shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Wall Street Zen lowered shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Barrington Research lowered shares of Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. B. Riley lowered shares of Cantaloupe from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $11.50 to $11.20 in a report on Tuesday, June 17th. Finally, Craig Hallum lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Cantaloupe presently has a consensus rating of "Hold" and an average price target of $12.24.

Cantaloupe Stock Down 0.4%

NASDAQ CTLP traded down $0.04 on Friday, reaching $10.81. The company had a trading volume of 4,112,826 shares, compared to its average volume of 1,841,519. The stock has a market capitalization of $792.26 million, a P/E ratio of 13.68 and a beta of 1.09. The company's fifty day moving average is $10.99 and its 200 day moving average is $9.46. Cantaloupe, Inc. has a 52-week low of $5.82 and a 52-week high of $11.36. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.15.

Cantaloupe Company Profile

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.