Garnet Equity Capital Holdings Inc. Has $24.30 Million Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Garnet Equity Capital Holdings Inc. lessened its position in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,999,812 shares of the coupon company's stock after selling 896,164 shares during the period. Groupon comprises 3.5% of Garnet Equity Capital Holdings Inc.'s holdings, making the stock its 2nd largest position. Garnet Equity Capital Holdings Inc. owned approximately 5.03% of Groupon worth $24,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GRPN. Blueshift Asset Management LLC bought a new position in Groupon in the fourth quarter valued at $732,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Groupon in the 4th quarter valued at about $2,178,000. Stifel Financial Corp bought a new position in shares of Groupon in the 3rd quarter valued at about $201,000. Cruiser Capital Advisors LLC acquired a new stake in shares of Groupon in the fourth quarter valued at about $304,000. Finally, Hennessy Advisors Inc. raised its holdings in Groupon by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock worth $10,399,000 after acquiring an additional 54,600 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Groupon Stock Performance

Shares of NASDAQ GRPN traded down $0.55 during midday trading on Friday, hitting $17.82. 973,106 shares of the company's stock were exchanged, compared to its average volume of 1,389,235. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The firm has a market capitalization of $709.09 million, a PE ratio of 34.94 and a beta of 0.93. Groupon, Inc. has a 12 month low of $7.75 and a 12 month high of $20.22. The company's 50 day moving average price is $16.36 and its 200 day moving average price is $12.88.

Analysts Set New Price Targets

A number of research firms have weighed in on GRPN. The Goldman Sachs Group raised their price target on Groupon from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Friday, March 14th. Ascendiant Capital Markets boosted their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Finally, Roth Mkm upped their price target on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Groupon presently has an average rating of "Moderate Buy" and an average target price of $17.25.

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.