Y Intercept Hong Kong Ltd Cuts Stock Holdings in StoneCo Ltd. $STNE

Y Intercept Hong Kong Ltd lowered its holdings in StoneCo Ltd. (NASDAQ:STNE) by 48.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 121,343 shares of the company’s stock after selling 115,174 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in StoneCo were worth $2,295,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of STNE. Strs Ohio boosted its holdings in StoneCo by 200.0% in the 3rd quarter. Strs Ohio now owns 45,600 shares of the company’s stock worth $862,000 after acquiring an additional 30,400 shares during the period. Richardson Financial Services Inc. lifted its position in shares of StoneCo by 64.2% during the third quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company’s stock worth $56,000 after purchasing an additional 1,151 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of StoneCo in the third quarter valued at $1,241,000. Bayforest Capital Ltd boosted its stake in shares of StoneCo by 53.9% in the third quarter. Bayforest Capital Ltd now owns 30,384 shares of the company’s stock valued at $575,000 after purchasing an additional 10,645 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in StoneCo in the 3rd quarter valued at about $266,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

StoneCo Stock Performance

StoneCo stock opened at $16.99 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.43. StoneCo Ltd. has a 12 month low of $8.64 and a 12 month high of $19.95. The company has a fifty day moving average price of $15.15 and a two-hundred day moving average price of $16.14. The company has a market cap of $4.86 billion, a PE ratio of -31.46, a P/E/G ratio of 0.29 and a beta of 1.83.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. StoneCo had a negative net margin of 7.28% and a positive return on equity of 20.18%. The business had revenue of $669.49 million during the quarter, compared to analyst estimates of $669.81 million. Research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on STNE shares. Santander cut StoneCo from an “outperform” rating to a “neutral” rating in a research note on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a research report on Thursday, January 22nd. UBS Group dropped their price target on shares of StoneCo from $20.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday. The Goldman Sachs Group reduced their price objective on shares of StoneCo from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wall Street Zen lowered shares of StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.86.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.