SG Americas Securities LLC lifted its holdings in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 1,215.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,943 shares of the technology company's stock after acquiring an additional 283,604 shares during the period. SG Americas Securities LLC owned approximately 0.42% of Cantaloupe worth $3,260,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in Cantaloupe during the 3rd quarter worth $32,000. Osaic Holdings Inc. raised its position in Cantaloupe by 136.2% in the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company's stock valued at $52,000 after purchasing an additional 2,737 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Cantaloupe by 2,824.0% during the third quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company's stock worth $55,000 after purchasing an additional 5,055 shares in the last quarter. US Bancorp DE lifted its stake in shares of Cantaloupe by 142.2% during the third quarter. US Bancorp DE now owns 5,667 shares of the technology company's stock worth $60,000 after purchasing an additional 3,327 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Cantaloupe by 55.6% in the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company's stock worth $63,000 after buying an additional 2,063 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently commented on CTLP shares. Weiss Ratings upgraded Cantaloupe from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, February 9th. Wall Street Zen raised shares of Cantaloupe to a "hold" rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cantaloupe presently has a consensus rating of "Hold" and an average price target of $12.60.
Check Out Our Latest Report on Cantaloupe
Cantaloupe Stock Performance
NASDAQ:CTLP opened at $10.78 on Friday. The firm has a 50-day moving average of $10.51 and a two-hundred day moving average of $10.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31. The stock has a market cap of $794.70 million, a P/E ratio of 59.89 and a beta of 1.02. Cantaloupe, Inc. has a 1-year low of $7.01 and a 1-year high of $11.16.
Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%.The business had revenue of $78.71 million for the quarter, compared to analysts' expectations of $84.92 million. On average, research analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.
About Cantaloupe
(
Free Report)
Cantaloupe, Inc NASDAQ: CTLP, formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.
At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.
Further Reading
Want to see what other hedge funds are holding CTLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cantaloupe, Inc. (NASDAQ:CTLP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cantaloupe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cantaloupe wasn't on the list.
While Cantaloupe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
