Fourth Sail Capital LP Has $17.61 Million Holdings in StoneCo Ltd. $STNE

Fourth Sail Capital LP grew its holdings in StoneCo Ltd. (NASDAQ:STNE) by 73.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,190,557 shares of the company’s stock after purchasing an additional 504,157 shares during the period. StoneCo comprises approximately 2.8% of Fourth Sail Capital LP’s investment portfolio, making the stock its 16th biggest holding. Fourth Sail Capital LP’s holdings in StoneCo were worth $17,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of StoneCo by 11,473.3% in the fourth quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock valued at $26,000 after purchasing an additional 1,721 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of StoneCo in the fourth quarter valued at $28,000. Advisory Services Network LLC bought a new position in shares of StoneCo in the third quarter valued at $37,000. Ensign Peak Advisors Inc bought a new position in shares of StoneCo in the fourth quarter valued at $33,000. Finally, Torren Management LLC bought a new position in shares of StoneCo in the fourth quarter valued at $35,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Trading Up 0.1%

STNE stock opened at $11.26 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.33. The company has a fifty day moving average price of $12.09 and a two-hundred day moving average price of $14.18. StoneCo Ltd. has a one year low of $9.45 and a one year high of $19.95. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 4.50, a price-to-earnings-growth ratio of 0.21 and a beta of 1.73.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. StoneCo had a net margin of 23.82% and a return on equity of 21.05%. The firm had revenue of $141.16 million during the quarter, compared to analysts’ expectations of $675.11 million. Equities analysts anticipate that StoneCo Ltd. will post 2.31 EPS for the current year.

StoneCo Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, April 24th were given a dividend of $2.53 per share. The ex-dividend date of this dividend was Friday, April 24th.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on STNE shares. UBS Group decreased their target price on shares of StoneCo from $19.50 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. JPMorgan Chase & Co. decreased their target price on shares of StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. BTIG Research decreased their target price on shares of StoneCo from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Citigroup cut shares of StoneCo from a “buy” rating to a “neutral” rating and decreased their target price for the company from $18.00 to $11.00 in a research note on Friday, May 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of StoneCo in a research note on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.58.

StoneCo Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.