Sargent Investment Group LLC Lowers Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Sargent Investment Group LLC cut its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,428,363 shares of the technology company’s stock after selling 88,880 shares during the period. Cantaloupe accounts for 2.2% of Sargent Investment Group LLC’s investment portfolio, making the stock its 10th biggest position. Sargent Investment Group LLC’s holdings in Cantaloupe were worth $13,584,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Cantaloupe by 15.4% in the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock worth $159,000 after acquiring an additional 3,210 shares during the period. Quarry LP purchased a new stake in Cantaloupe during the 3rd quarter worth about $26,000. Quantbot Technologies LP lifted its holdings in Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,975 shares in the last quarter. Zacks Investment Management boosted its stake in Cantaloupe by 18.0% in the 3rd quarter. Zacks Investment Management now owns 32,586 shares of the technology company’s stock worth $241,000 after purchasing an additional 4,971 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Cantaloupe by 25.3% during the 4th quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock valued at $265,000 after buying an additional 5,612 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CTLP. Northland Securities increased their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Benchmark increased their target price on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Barrington Research restated an “outperform” rating and set a $12.00 price target on shares of Cantaloupe in a research report on Monday.

Cantaloupe Stock Performance

NASDAQ CTLP opened at $8.42 on Wednesday. Cantaloupe, Inc. has a 52-week low of $5.74 and a 52-week high of $10.48. The company has a fifty day moving average of $8.96 and a 200-day moving average of $8.21. The company has a market capitalization of $614.58 million, a P/E ratio of 49.53 and a beta of 1.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The firm had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. As a group, equities research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.