Capital International Investors bought a new stake in STUB (NYSE:STUB – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,082,393 shares of the company’s stock, valued at approximately $55,235,000.
Several other large investors have also modified their holdings of STUB. Garner Asset Management Corp acquired a new stake in shares of STUB in the fourth quarter valued at approximately $92,000. International Assets Investment Management LLC acquired a new stake in shares of STUB in the fourth quarter valued at approximately $149,000. Intellectus Partners LLC acquired a new stake in shares of STUB in the fourth quarter valued at approximately $467,000. Cornerstone Wealth Management LLC grew its position in shares of STUB by 20.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after purchasing an additional 6,070 shares during the last quarter. Finally, Cibc World Market Inc. acquired a new stake in shares of STUB in the fourth quarter valued at approximately $575,000.
STUB Stock Performance
NYSE STUB opened at $10.00 on Tuesday. STUB has a one year low of $5.74 and a one year high of $27.89. The firm has a 50 day simple moving average of $7.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $3.75 billion and a price-to-earnings ratio of -16.66.
Insider Activity at STUB
In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total transaction of $217,444.42. Following the completion of the sale, the insider directly owned 77,961 shares in the company, valued at $597,181.26. The trade was a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 264,186 shares of company stock valued at $2,342,584.
Analyst Ratings Changes
Several analysts have recently commented on the stock. UBS Group assumed coverage on shares of STUB in a research report on Tuesday, May 19th. They issued a “neutral” rating on the stock. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. Guggenheim raised shares of STUB from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.50 to $12.50 in a research note on Tuesday, May 19th. Wall Street Zen raised shares of STUB from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Citigroup initiated coverage on shares of STUB in a research note on Tuesday, May 19th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.32.
Get Our Latest Stock Analysis on STUB
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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