TrueCar, Inc. $TRUE Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its holdings in TrueCar, Inc. by 22.2%, acquiring a total of 2,753,300 shares worth approximately $4.35 million.
• The overall institutional ownership of TrueCar is significant, with hedge funds and other institutions controlling 79.44% of the company's stock.
• TrueCar's stock price has shown volatility, with a 52-week range between $1.05 and $4.62, currently trading at $2.43, up 8.0% recently.

Acadian Asset Management LLC grew its position in shares of TrueCar, Inc. (NASDAQ:TRUE - Free Report) by 22.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,753,300 shares of the technology company's stock after purchasing an additional 500,804 shares during the quarter. Acadian Asset Management LLC owned approximately 3.14% of TrueCar worth $4,346,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRUE. Algert Global LLC acquired a new stake in TrueCar in the first quarter valued at about $30,000. ProShare Advisors LLC raised its position in shares of TrueCar by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 24,123 shares of the technology company's stock worth $90,000 after purchasing an additional 7,938 shares during the last quarter. AQR Capital Management LLC raised its position in shares of TrueCar by 332.9% during the 1st quarter. AQR Capital Management LLC now owns 59,791 shares of the technology company's stock worth $94,000 after purchasing an additional 45,980 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in TrueCar in the 4th quarter valued at $111,000. Finally, XTX Topco Ltd raised its holdings in TrueCar by 92.5% in the 1st quarter. XTX Topco Ltd now owns 70,044 shares of the technology company's stock valued at $111,000 after acquiring an additional 33,652 shares during the last quarter. Hedge funds and other institutional investors own 79.44% of the company's stock.

TrueCar Stock Up 8.0%

Shares of NASDAQ TRUE opened at $2.43 on Monday. TrueCar, Inc. has a 52-week low of $1.05 and a 52-week high of $4.62. The stock has a market capitalization of $214.91 million, a PE ratio of -7.15 and a beta of 1.97. The firm has a fifty day moving average of $1.98 and a 200-day moving average of $1.75.

TrueCar Company Profile

TrueCar, Inc operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.

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