Rokos Capital Management LLP raised its stake in STUB (NYSE:STUB – Free Report) by 40.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,143,423 shares of the company’s stock after acquiring an additional 616,892 shares during the quarter. Rokos Capital Management LLP’s holdings in STUB were worth $13,375,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in STUB. Pittenger & Anderson Inc. purchased a new stake in shares of STUB in the first quarter valued at $34,000. Lido Advisors LLC purchased a new stake in STUB during the 1st quarter worth about $69,000. Garner Asset Management Corp purchased a new stake in STUB during the 4th quarter worth about $92,000. The Manufacturers Life Insurance Company purchased a new stake in STUB during the 4th quarter worth about $143,000. Finally, International Assets Investment Management LLC acquired a new position in STUB in the 4th quarter valued at about $149,000.
STUB Price Performance
STUB opened at $8.40 on Tuesday. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The company has a 50-day simple moving average of $10.66. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock has a market cap of $3.15 billion and a PE ratio of -14.00.
Analyst Ratings Changes
A number of research analysts have issued reports on STUB shares. Wall Street Zen upgraded shares of STUB from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Craig Hallum downgraded shares of STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. HSBC upgraded shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. Morgan Stanley lifted their target price on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Finally, Guggenheim reiterated a “buy” rating on shares of STUB in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.50.
Read Our Latest Research Report on STUB
Insider Activity at STUB
In related news, insider Mark Streams sold 232,567 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the transaction, the insider owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. This represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nayaab Islam sold 54,801 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.03, for a total transaction of $714,057.03. Following the transaction, the insider directly owned 8,454,764 shares in the company, valued at approximately $110,165,574.92. This represents a 0.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 413,647 shares of company stock valued at $4,401,046 in the last ninety days. 30.97% of the stock is currently owned by company insiders.
About STUB
Stubhub Holdings Inc, through its subsidiaries, provides an online marketplace to buy and sell tickets for sports, concerts, theater, festivals and other live events. Stubhub Holdings Inc is based in NEW YORK.
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