Fox Run Management L.L.C. Boosts Stock Holdings in StoneCo Ltd. $STNE

Fox Run Management L.L.C. grew its holdings in StoneCo Ltd. (NASDAQ:STNE) by 72.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,420 shares of the company’s stock after purchasing an additional 21,604 shares during the quarter. Fox Run Management L.L.C.’s holdings in StoneCo were worth $825,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atmos Capital Gestao DE Recursos LTDA. raised its stake in StoneCo by 3.1% in the first quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company’s stock worth $125,581,000 after buying an additional 359,037 shares in the last quarter. Nuveen LLC bought a new stake in StoneCo during the 1st quarter valued at $70,502,000. JGP Global Gestao de Recursos Ltda. increased its holdings in shares of StoneCo by 484.8% in the 1st quarter. JGP Global Gestao de Recursos Ltda. now owns 4,472,738 shares of the company’s stock valued at $46,874,000 after acquiring an additional 3,707,941 shares during the period. Azora Capital LP raised its position in shares of StoneCo by 15.9% in the 1st quarter. Azora Capital LP now owns 2,583,510 shares of the company’s stock worth $27,075,000 after acquiring an additional 355,192 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its position in shares of StoneCo by 13.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 2,082,789 shares of the company’s stock worth $33,408,000 after acquiring an additional 254,075 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

StoneCo Stock Performance

STNE opened at $16.83 on Monday. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $19.95. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76. The company has a market cap of $4.81 billion, a P/E ratio of -31.17, a price-to-earnings-growth ratio of 0.33 and a beta of 2.01. The firm’s 50-day moving average price is $18.23 and its 200-day moving average price is $15.72.

StoneCo (NASDAQ:STNE) last released its earnings results on Thursday, November 6th. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $669.49 million during the quarter, compared to analysts’ expectations of $669.81 million. StoneCo had a negative net margin of 7.28% and a positive return on equity of 20.42%. As a group, equities analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STNE shares. The Goldman Sachs Group raised their price objective on StoneCo from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a research report on Wednesday, October 8th. UBS Group lifted their price objective on shares of StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Bank of America boosted their price objective on shares of StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.44.

About StoneCo

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.