28,674 Shares in StoneCo Ltd. (NASDAQ:STNE) Bought by LRT Capital Management LLC

LRT Capital Management LLC acquired a new stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 28,674 shares of the company's stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently modified their holdings of STNE. Jones Financial Companies Lllp increased its position in StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after purchasing an additional 3,056 shares during the period. Sterling Capital Management LLC boosted its stake in shares of StoneCo by 627.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after buying an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after acquiring an additional 4,000 shares during the period. SBI Securities Co. Ltd. purchased a new position in StoneCo in the fourth quarter worth $56,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in StoneCo by 31.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after acquiring an additional 1,800 shares during the period. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

StoneCo Stock Performance

Shares of STNE stock traded down $0.71 during trading on Thursday, reaching $13.28. The company had a trading volume of 6,234,819 shares, compared to its average volume of 5,745,109. The firm's 50 day simple moving average is $11.82 and its two-hundred day simple moving average is $10.21. StoneCo Ltd. has a one year low of $7.72 and a one year high of $15.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $3.80 billion, a PE ratio of 10.38, a PEG ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $625.86 million during the quarter, compared to analysts' expectations of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Sell-side analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

STNE has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group dropped their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and upped their price target for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Morgan Stanley boosted their price target on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. Finally, Barclays raised their price objective on StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $15.63.

StoneCo Profile

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.