GWM Advisors LLC raised its stake in shares of Waitr Holdings Inc (NASDAQ:WTRH) by 32.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 34,612 shares of the company’s stock after purchasing an additional 8,383 shares during the period. GWM Advisors LLC’s holdings in Waitr were worth $179,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Redmond Asset Management LLC boosted its stake in Waitr by 2.7% during the 1st quarter. Redmond Asset Management LLC now owns 52,349 shares of the company’s stock valued at $643,000 after purchasing an additional 1,388 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in Waitr by 11.8% during the 1st quarter. Financial Management Professionals Inc. now owns 36,756 shares of the company’s stock valued at $452,000 after purchasing an additional 3,886 shares during the last quarter. Virtu Financial LLC acquired a new position in Waitr during the 1st quarter valued at about $153,000. Janney Montgomery Scott LLC acquired a new position in Waitr during the 1st quarter valued at about $157,000. Finally, Monashee Investment Management LLC acquired a new position in Waitr during the 4th quarter valued at about $279,000. Institutional investors and hedge funds own 40.80% of the company’s stock.
In other news, Director Steven L. Scheinthal bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were purchased at an average price of $6.80 per share, with a total value of $68,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher Meaux bought 135,135 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were purchased at an average cost of $7.40 per share, for a total transaction of $999,999.00. The disclosure for this purchase can be found here. 23.90% of the stock is owned by company insiders.
Waitr stock opened at $7.12 on Friday. Waitr Holdings Inc has a 52 week low of $6.75 and a 52 week high of $15.06. The company has a market cap of $497.82 million and a price-to-earnings ratio of -3.27.
Waitr (NASDAQ:WTRH) last posted its earnings results on Wednesday, May 8th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.07). The business had revenue of $48.03 million for the quarter, compared to analysts’ expectations of $47.15 million. On average, sell-side analysts forecast that Waitr Holdings Inc will post -1.18 earnings per share for the current year.
Several research firms have commented on WTRH. Zacks Investment Research cut shares of Waitr from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Financial Group began coverage on shares of Waitr in a research report on Thursday, March 14th. They set a “buy” rating and a $18.00 target price on the stock. Finally, Benchmark reissued a “buy” rating and set a $18.00 target price on shares of Waitr in a research report on Wednesday, March 6th.
Waitr Holdings Inc provides online food ordering and delivery services in the Southeastern United States. Its Waitr Platform and Bite Squad Platform facilitates ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers. As of December 31, 2018, the company had approximately 8,500 restaurant partners in 250 cities.
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