Marshall Wace LLP Sells 729,922 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Marshall Wace LLP trimmed its stake in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 887,768 shares of the company's stock after selling 729,922 shares during the quarter. Marshall Wace LLP owned approximately 0.91% of Grocery Outlet worth $13,858,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Jump Financial LLC bought a new stake in Grocery Outlet in the 4th quarter valued at $704,000. Guggenheim Capital LLC boosted its holdings in shares of Grocery Outlet by 9.1% during the 4th quarter. Guggenheim Capital LLC now owns 16,955 shares of the company's stock worth $265,000 after buying an additional 1,408 shares during the period. Senvest Management LLC grew its stake in Grocery Outlet by 88.3% in the 4th quarter. Senvest Management LLC now owns 1,569,656 shares of the company's stock valued at $24,502,000 after buying an additional 735,931 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in Grocery Outlet during the fourth quarter worth approximately $7,914,000. Finally, 12 West Capital Management LP boosted its holdings in shares of Grocery Outlet by 1.7% during the fourth quarter. 12 West Capital Management LP now owns 1,170,000 shares of the company's stock worth $18,264,000 after acquiring an additional 20,000 shares during the period. Institutional investors and hedge funds own 99.87% of the company's stock.

Insiders Place Their Bets

In related news, EVP Steven K. Wilson sold 6,682 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.16, for a total transaction of $87,935.12. Following the transaction, the executive vice president now owns 166,923 shares in the company, valued at $2,196,706.68. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher M. Miller bought 10,000 shares of Grocery Outlet stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $11.68 per share, with a total value of $116,800.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. Company insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GO. Telsey Advisory Group dropped their price target on shares of Grocery Outlet from $18.00 to $16.00 and set a "market perform" rating for the company in a research report on Wednesday, February 26th. Bank of America reduced their target price on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company decreased their target price on shares of Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group cut their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Finally, Jefferies Financial Group raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and lifted their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $15.46.

Grocery Outlet Trading Down 0.9 %

Shares of GO traded down $0.15 during mid-day trading on Friday, reaching $15.69. 4,093,930 shares of the company were exchanged, compared to its average volume of 2,290,300. The business has a 50 day simple moving average of $13.64 and a two-hundred day simple moving average of $15.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. The stock has a market capitalization of $1.54 billion, a PE ratio of 30.77, a PEG ratio of 9.08 and a beta of 0.40. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $27.64.

Grocery Outlet Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.