Prevatt Capital Ltd Acquires New Position in Despegar.com, Corp. (NYSE:DESP)

Prevatt Capital Ltd acquired a new stake in Despegar.com, Corp. (NYSE:DESP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,420,000 shares of the company's stock, valued at approximately $27,335,000. Despegar.com makes up approximately 7.9% of Prevatt Capital Ltd's holdings, making the stock its 6th largest position. Prevatt Capital Ltd owned about 1.70% of Despegar.com at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DESP. Annex Advisory Services LLC purchased a new position in shares of Despegar.com during the 4th quarter valued at approximately $9,499,000. SG Americas Securities LLC raised its position in Despegar.com by 187.5% during the fourth quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock worth $557,000 after acquiring an additional 18,872 shares during the period. Emeth Value Capital LLC purchased a new position in Despegar.com during the fourth quarter valued at $7,154,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com during the fourth quarter valued at $104,000. Finally, Channing Global Advisors LLC acquired a new stake in shares of Despegar.com in the fourth quarter valued at about $406,000. Institutional investors and hedge funds own 67.93% of the company's stock.

Despegar.com Price Performance

Shares of NYSE DESP remained flat at $19.50 during mid-day trading on Tuesday. The business's 50-day simple moving average is $19.20 and its two-hundred day simple moving average is $18.56. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -650.00, a P/E/G ratio of 0.91 and a beta of 1.61. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55.

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

Analyst Ratings Changes

Separately, B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Despegar.com has a consensus rating of "Hold" and a consensus target price of $16.75.

About Despegar.com

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.