Atlanticus Holdings Corporation $ATLC Shares Bought by UBS Group AG

UBS Group AG boosted its stake in shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) by 333.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,582 shares of the credit services provider’s stock after acquiring an additional 28,907 shares during the quarter. UBS Group AG owned about 0.25% of Atlanticus worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in Atlanticus during the 3rd quarter worth approximately $38,000. Advisory Services Network LLC acquired a new stake in Atlanticus during the 3rd quarter worth approximately $47,000. Jones Financial Companies Lllp acquired a new stake in Atlanticus during the 1st quarter worth approximately $71,000. AlphaQuest LLC lifted its position in Atlanticus by 20,442.9% during the 3rd quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock worth $84,000 after acquiring an additional 1,431 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after acquiring an additional 1,336 shares during the period. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Stock Performance

Shares of ATLC stock opened at $88.56 on Wednesday. The stock has a fifty day moving average price of $68.34 and a 200 day moving average price of $61.91. The stock has a market cap of $1.34 billion, a PE ratio of 13.22 and a beta of 2.14. Atlanticus Holdings Corporation has a 1 year low of $45.74 and a 1 year high of $89.00. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.54. The firm had revenue of $679.59 million during the quarter, compared to analysts’ expectations of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. Sell-side analysts forecast that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on ATLC shares. Citizens Jmp increased their price objective on Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 17th. Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $101.67.

Atlanticus Profile

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.