Highbridge Capital Management LLC Acquires New Position in Alliance Data Systems Co. (ADS)
Highbridge Capital Management LLC acquired a new position in Alliance Data Systems Co. (NYSE:ADS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,387 shares of the business services provider’s stock, valued at approximately $529,000.
A number of other large investors have also modified their holdings of the stock. Janus Henderson Group PLC raised its stake in Alliance Data Systems by 38.6% in the third quarter. Janus Henderson Group PLC now owns 14,743 shares of the business services provider’s stock worth $3,266,000 after buying an additional 4,106 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in Alliance Data Systems by 104.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 169,808 shares of the business services provider’s stock worth $37,619,000 after buying an additional 86,584 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in Alliance Data Systems by 3.7% in the third quarter. Atlanta Capital Management Co. L L C now owns 140,187 shares of the business services provider’s stock worth $31,059,000 after buying an additional 4,980 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in Alliance Data Systems by 9.2% in the third quarter. First Allied Advisory Services Inc. now owns 3,092 shares of the business services provider’s stock worth $689,000 after buying an additional 261 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Alliance Data Systems in the third quarter worth approximately $1,646,000. 95.35% of the stock is owned by institutional investors.
Alliance Data Systems Co. (NYSE:ADS) opened at $239.81 on Friday. The company has a debt-to-equity ratio of 9.53, a current ratio of 2.11 and a quick ratio of 2.09. Alliance Data Systems Co. has a 12-month low of $209.00 and a 12-month high of $266.25. The stock has a market capitalization of $13,249.54, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.04 and a beta of 1.79.
Alliance Data Systems (NYSE:ADS) last released its earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.80 by $0.55. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $4.74 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. research analysts predict that Alliance Data Systems Co. will post 17.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Monday, November 13th. Alliance Data Systems’s payout ratio is 22.06%.
In related news, CFO Charles L. Horn sold 2,128 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total value of $500,080.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.
A number of equities analysts have recently issued reports on ADS shares. Oppenheimer set a $208.00 price target on Alliance Data Systems and gave the stock a “sell” rating in a research report on Thursday, October 26th. BidaskClub downgraded Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $235.00 price target on shares of Alliance Data Systems in a research report on Wednesday, October 18th. ValuEngine raised Alliance Data Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Alliance Data Systems in a research report on Tuesday, September 5th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $258.50.
About Alliance Data Systems
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs.
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