SG Americas Securities LLC Has $265,000 Stock Position in Cantaloupe, Inc. (NASDAQ:CTLP)

SG Americas Securities LLC boosted its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,817 shares of the technology company’s stock after purchasing an additional 5,612 shares during the period. SG Americas Securities LLC’s holdings in Cantaloupe were worth $265,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Squarepoint Ops LLC boosted its holdings in shares of Cantaloupe by 163.2% in the 2nd quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company’s stock valued at $206,000 after buying an additional 19,365 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Cantaloupe by 15.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock worth $159,000 after acquiring an additional 3,210 shares in the last quarter. Inspire Investing LLC acquired a new stake in Cantaloupe in the third quarter valued at $416,000. GSA Capital Partners LLP bought a new position in shares of Cantaloupe in the 3rd quarter valued at about $153,000. Finally, Intech Investment Management LLC acquired a new position in shares of Cantaloupe during the 3rd quarter worth about $119,000. 75.75% of the stock is currently owned by institutional investors.

Cantaloupe Stock Up 2.6 %

Shares of CTLP opened at $8.64 on Thursday. The firm has a market cap of $630.63 million, a P/E ratio of 50.83 and a beta of 1.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. Cantaloupe, Inc. has a 52 week low of $5.74 and a 52 week high of $10.48. The firm’s 50-day simple moving average is $8.95 and its 200 day simple moving average is $8.21.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $70.84 million for the quarter, compared to the consensus estimate of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CTLP shares. Benchmark raised their target price on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Northland Securities raised their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Barrington Research reissued an “outperform” rating and set a $12.00 target price on shares of Cantaloupe in a report on Monday.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.