Militia Capital Management LLC Purchases New Holdings in Nu Holdings Ltd. $NU

Militia Capital Management LLC acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 160,000 shares of the company’s stock, valued at approximately $2,299,000.

A number of other hedge funds also recently added to or reduced their stakes in NU. Sowell Financial Services LLC increased its holdings in shares of NU by 4.8% in the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock valued at $217,000 after purchasing an additional 599 shares during the period. Parallel Advisors LLC lifted its holdings in shares of NU by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock worth $282,000 after purchasing an additional 601 shares during the period. MBM Wealth Consultants LLC lifted its holdings in shares of NU by 1.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after purchasing an additional 607 shares during the period. Cornerstone Wealth Group LLC lifted its holdings in shares of NU by 1.2% during the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after purchasing an additional 621 shares during the period. Finally, Aptus Capital Advisors LLC grew its position in NU by 3.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock valued at $318,000 after buying an additional 624 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 0.8%

NU opened at $14.51 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50 day simple moving average of $12.96 and a 200-day simple moving average of $14.72. The stock has a market capitalization of $70.45 billion, a P/E ratio of 22.32, a P/E/G ratio of 0.58 and a beta of 0.95. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98.

NU (NYSE:NU) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. On average, equities analysts anticipate that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

NU announced that its Board of Directors has approved a stock buyback plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other NU news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the sale, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NU shares. UBS Group dropped their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Needham & Company LLC began coverage on shares of NU in a report on Friday, June 26th. They issued a “buy” rating and a $17.00 target price on the stock. Bank of America reiterated an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Finally, Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.24.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.