333,000 Shares in Despegar.com, Corp. (NYSE:DESP) Purchased by Lonestar Capital Management LLC

Lonestar Capital Management LLC acquired a new stake in Despegar.com, Corp. (NYSE:DESP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 333,000 shares of the company's stock, valued at approximately $6,410,000. Despegar.com makes up about 2.4% of Lonestar Capital Management LLC's portfolio, making the stock its 7th largest position. Lonestar Capital Management LLC owned 0.40% of Despegar.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Despegar.com by 2,086.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,137,974 shares of the company's stock worth $21,906,000 after buying an additional 1,085,931 shares during the period. Invesco Ltd. lifted its position in Despegar.com by 554.8% during the 4th quarter. Invesco Ltd. now owns 497,861 shares of the company's stock worth $9,584,000 after acquiring an additional 421,826 shares during the period. Annex Advisory Services LLC acquired a new stake in Despegar.com during the 4th quarter worth approximately $9,499,000. RBF Capital LLC increased its holdings in shares of Despegar.com by 115.2% in the fourth quarter. RBF Capital LLC now owns 491,256 shares of the company's stock valued at $9,287,000 after purchasing an additional 263,006 shares during the period. Finally, Oberweis Asset Management Inc. raised its stake in shares of Despegar.com by 41.3% during the fourth quarter. Oberweis Asset Management Inc. now owns 389,300 shares of the company's stock worth $7,494,000 after purchasing an additional 113,700 shares during the last quarter. Hedge funds and other institutional investors own 67.93% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley lowered shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Despegar.com presently has a consensus rating of "Hold" and a consensus target price of $17.20.

Despegar.com Trading Down 0.1 %

DESP stock traded down $0.03 on Thursday, reaching $19.44. 1,989,906 shares of the company's stock were exchanged, compared to its average volume of 1,605,764. The stock has a fifty day moving average of $19.14 and a 200-day moving average of $18.03. Despegar.com, Corp. has a twelve month low of $9.25 and a twelve month high of $19.55.

Despegar.com (NYSE:DESP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.61). The company had revenue of $210.30 million during the quarter, compared to analysts' expectations of $212.40 million. Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The company's revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Despegar.com Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.