UBS Group AG Increases Holdings in Cantaloupe, Inc. $CTLP

UBS Group AG boosted its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,223,564 shares of the technology company’s stock after purchasing an additional 252,094 shares during the period. UBS Group AG owned approximately 1.66% of Cantaloupe worth $12,994,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CTLP. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Cantaloupe by 18.1% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,628 shares of the technology company’s stock worth $346,000 after buying an additional 5,000 shares during the period. Daytona Street Capital LLC acquired a new position in Cantaloupe during the 4th quarter worth approximately $185,000. SG Americas Securities LLC lifted its position in Cantaloupe by 1,215.2% during the 4th quarter. SG Americas Securities LLC now owns 306,943 shares of the technology company’s stock worth $3,260,000 after acquiring an additional 283,604 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Cantaloupe by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 172,741 shares of the technology company’s stock worth $1,826,000 after acquiring an additional 5,130 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in Cantaloupe in the 3rd quarter worth approximately $16,433,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Stock Performance

Shares of Cantaloupe stock opened at $11.20 on Friday. The firm has a market cap of $825.66 million, a PE ratio of 62.22 and a beta of 1.00. The firm’s 50-day simple moving average is $10.76 and its 200-day simple moving average is $10.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.83. Cantaloupe, Inc. has a 1 year low of $7.57 and a 1 year high of $11.21.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $78.69 million during the quarter. Cantaloupe had a return on equity of 4.94% and a net margin of 1.15%.

Analyst Ratings Changes

CTLP has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.60.

Cantaloupe Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.