Anthracite Investment Company Inc. acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 185,000 shares of the company's stock, valued at approximately $1,158,000. Anthracite Investment Company Inc. owned approximately 0.06% of PagSeguro Digital at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in PAGS. Signaturefd LLC boosted its position in PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after acquiring an additional 4,233 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of PagSeguro Digital in the 4th quarter worth approximately $79,000. Point72 Hong Kong Ltd raised its stake in shares of PagSeguro Digital by 34.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company's stock worth $93,000 after acquiring an additional 2,767 shares in the last quarter. Virtu Financial LLC purchased a new stake in PagSeguro Digital during the third quarter valued at approximately $98,000. Finally, Xponance Inc. grew its holdings in PagSeguro Digital by 37.8% in the fourth quarter. Xponance Inc. now owns 17,105 shares of the company's stock worth $107,000 after purchasing an additional 4,695 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on PAGS. Bank of America reiterated a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Finally, Citigroup reissued a "neutral" rating and set a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $11.63.
Read Our Latest Report on PagSeguro Digital
PagSeguro Digital Trading Down 3.0 %
NYSE PAGS traded down $0.25 on Friday, hitting $7.92. 2,439,341 shares of the company's stock traded hands, compared to its average volume of 4,603,115. The firm's 50-day moving average price is $7.64 and its two-hundred day moving average price is $7.69. The firm has a market capitalization of $2.61 billion, a PE ratio of 6.54, a P/E/G ratio of 0.51 and a beta of 2.04. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. On average, research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.
About PagSeguro Digital
(
Free Report)
PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.
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