Clearbridge Investments LLC Invests $9.50 Million in QuinStreet Inc (NASDAQ:QNST)

WINTON GROUP Ltd bought a new stake in shares of QuinStreet during the 4th quarter valued at $379,000. Comerica Bank raised its position in …

QuinStreet logoClearbridge Investments LLC acquired a new stake in shares of QuinStreet Inc (NASDAQ:QNST) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 709,271 shares of the technology company’s stock, valued at approximately $9,497,000. Clearbridge Investments LLC owned approximately 1.41% of QuinStreet at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QNST. Rhumbline Advisers raised its position in shares of QuinStreet by 34.4% during the 4th quarter. Rhumbline Advisers now owns 116,480 shares of the technology company’s stock valued at $1,890,000 after acquiring an additional 29,790 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of QuinStreet by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 15,475 shares of the technology company’s stock valued at $251,000 after acquiring an additional 604 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of QuinStreet during the 4th quarter valued at $379,000. Comerica Bank raised its position in shares of QuinStreet by 4.6% during the 4th quarter. Comerica Bank now owns 37,433 shares of the technology company’s stock valued at $684,000 after acquiring an additional 1,650 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of QuinStreet by 238.7% during the 4th quarter. Mackenzie Financial Corp now owns 84,000 shares of the technology company’s stock valued at $1,363,000 after acquiring an additional 59,200 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

In other news, Director Andrew T. Sheehan sold 100,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $15.25, for a total transaction of $1,525,000.00. Following the completion of the transaction, the director now directly owns 36,621 shares in the company, valued at approximately $558,470.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robin Josephs sold 25,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $16.04, for a total transaction of $401,000.00. Following the transaction, the director now owns 125,404 shares of the company’s stock, valued at $2,011,480.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,000 shares of company stock valued at $3,054,775. Company insiders own 12.50% of the company’s stock.

Shares of NASDAQ QNST opened at $15.94 on Monday. The firm has a market cap of $799.42 million, a price-to-earnings ratio of 49.81, a PEG ratio of 0.95 and a beta of 0.64. QuinStreet Inc has a 1-year low of $12.12 and a 1-year high of $20.02. The business has a fifty day moving average of $15.91.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, May 9th. The technology company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.11). The company had revenue of $116.23 million during the quarter, compared to analyst estimates of $119.63 million. QuinStreet had a return on equity of 8.30% and a net margin of 14.50%. On average, research analysts anticipate that QuinStreet Inc will post 0.35 earnings per share for the current year.

QNST has been the subject of a number of recent analyst reports. BidaskClub cut shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Tuesday, June 11th. Zacks Investment Research upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Barrington Research restated a “buy” rating and issued a $20.00 price objective on shares of QuinStreet in a research report on Thursday, May 16th. Finally, Lake Street Capital assumed coverage on shares of QuinStreet in a research report on Monday, June 24th. They issued a “buy” rating and a $21.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $19.00.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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Clearbridge Investments LLC Sells 138247 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Acadian Asset Management LLC boosted its stake in Inter Parfums by 39.0% in the 1st quarter. Acadian Asset Management LLC now owns 207,142 …

Inter Parfums logoClearbridge Investments LLC cut its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 51.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,452 shares of the company’s stock after selling 138,247 shares during the quarter. Clearbridge Investments LLC owned about 0.41% of Inter Parfums worth $9,897,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IPAR. Norges Bank bought a new stake in Inter Parfums in the 4th quarter valued at $9,528,000. Stifel Financial Corp boosted its stake in Inter Parfums by 40.0% in the 4th quarter. Stifel Financial Corp now owns 291,448 shares of the company’s stock valued at $19,112,000 after purchasing an additional 83,257 shares during the period. Marshall Wace LLP bought a new stake in Inter Parfums in the 1st quarter valued at $5,917,000. Acadian Asset Management LLC boosted its stake in Inter Parfums by 39.0% in the 1st quarter. Acadian Asset Management LLC now owns 207,142 shares of the company’s stock valued at $15,712,000 after purchasing an additional 58,132 shares during the period. Finally, Granite Investment Partners LLC boosted its stake in Inter Parfums by 14.1% in the 1st quarter. Granite Investment Partners LLC now owns 304,011 shares of the company’s stock valued at $23,065,000 after purchasing an additional 37,660 shares during the period. 54.72% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:IPAR opened at $64.33 on Monday. The firm’s fifty day moving average is $66.30. The company has a market cap of $2.02 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. The company has a current ratio of 3.10, a quick ratio of 2.20 and a debt-to-equity ratio of 0.07. Inter Parfums, Inc. has a fifty-two week low of $53.30 and a fifty-two week high of $80.99.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Monday, May 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $178.20 million during the quarter, compared to the consensus estimate of $188.27 million. Inter Parfums had a return on equity of 9.69% and a net margin of 8.32%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. On average, analysts expect that Inter Parfums, Inc. will post 1.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.71%. Inter Parfums’s payout ratio is 64.33%.

In other news, CEO Jean Madar sold 52,800 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $67.18, for a total transaction of $3,547,104.00. Following the completion of the transaction, the chief executive officer now owns 71,784 shares of the company’s stock, valued at approximately $4,822,449.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 58,946 shares of company stock valued at $3,959,128 in the last three months. 45.00% of the stock is owned by insiders.

Several analysts recently issued reports on IPAR shares. BidaskClub downgraded Inter Parfums from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Zacks Investment Research downgraded Inter Parfums from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Finally, DA Davidson upgraded Inter Parfums from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $74.00.

Inter Parfums Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.

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Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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Clearbridge Investments LLC Has $94.65 Million Stake in CBS Co. (NYSE:CBS)

Baupost Group LLC MA purchased a new position in CBS in the fourth quarter valued at about $111,357,000. Sound Shore Management Inc. CT …

CBS logoClearbridge Investments LLC raised its stake in shares of CBS Co. (NYSE:CBS) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,991,268 shares of the media conglomerate’s stock after buying an additional 27,523 shares during the quarter. Clearbridge Investments LLC owned about 0.53% of CBS worth $94,645,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CBS. Baupost Group LLC MA purchased a new position in CBS in the fourth quarter valued at about $111,357,000. Sound Shore Management Inc. CT raised its position in CBS by 26.9% in the first quarter. Sound Shore Management Inc. CT now owns 3,672,642 shares of the media conglomerate’s stock valued at $174,561,000 after purchasing an additional 779,563 shares during the period. APG Asset Management N.V. raised its position in CBS by 26.7% in the fourth quarter. APG Asset Management N.V. now owns 2,242,918 shares of the media conglomerate’s stock valued at $85,781,000 after purchasing an additional 472,042 shares during the period. Letko Brosseau & Associates Inc. raised its position in CBS by 35.1% in the first quarter. Letko Brosseau & Associates Inc. now owns 1,779,282 shares of the media conglomerate’s stock valued at $84,569,000 after purchasing an additional 462,110 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in CBS by 63.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,060,511 shares of the media conglomerate’s stock valued at $46,365,000 after purchasing an additional 411,611 shares during the period. Hedge funds and other institutional investors own 73.14% of the company’s stock.

CBS opened at $49.38 on Wednesday. The company’s 50 day simple moving average is $48.59. The company has a market capitalization of $18.52 billion, a PE ratio of 9.51, a PEG ratio of 0.73 and a beta of 1.22. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.16 and a current ratio of 1.50. CBS Co. has a twelve month low of $41.38 and a twelve month high of $59.59.

CBS (NYSE:CBS) last announced its earnings results on Thursday, May 2nd. The media conglomerate reported $1.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.01). CBS had a return on equity of 66.79% and a net margin of 20.32%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the firm earned $1.34 EPS. CBS’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts forecast that CBS Co. will post 5.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.72 annualized dividend and a yield of 1.46%. CBS’s dividend payout ratio (DPR) is 13.87%.

Several brokerages have recently weighed in on CBS. Loop Capital raised their target price on CBS to $65.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. TheStreet upgraded CBS from a “c+” rating to a “b-” rating in a research note on Tuesday, April 30th. Wolfe Research upgraded CBS from a “peer perform” rating to an “outperform” rating in a research note on Thursday, May 30th. Finally, Barrington Research decreased their price target on CBS from $72.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. CBS has a consensus rating of “Buy” and an average price target of $62.93.

CBS Company Profile

CBS Corporation operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces theatrical films; and digital streaming services.

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Institutional Ownership by Quarter for CBS (NYSE:CBS)

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Clearbridge Investments LLC Has $19.45 Million Holdings in 2U Inc (NASDAQ:TWOU)

Clearbridge Investments LLC boosted its holdings in shares of 2U Inc (NASDAQ:TWOU) by 2.5% during the 1st quarter, Holdings Channel reports.

2U logoClearbridge Investments LLC boosted its holdings in shares of 2U Inc (NASDAQ:TWOU) by 2.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 274,500 shares of the software maker’s stock after buying an additional 6,800 shares during the period. Clearbridge Investments LLC’s holdings in 2U were worth $19,448,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TWOU. Baillie Gifford & Co. acquired a new position in 2U during the first quarter worth $101,024,000. FMR LLC increased its position in 2U by 21.9% during the fourth quarter. FMR LLC now owns 6,491,721 shares of the software maker’s stock worth $322,768,000 after buying an additional 1,168,375 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in 2U by 57.0% during the first quarter. Frontier Capital Management Co. LLC now owns 2,279,721 shares of the software maker’s stock worth $161,518,000 after buying an additional 827,915 shares during the last quarter. Brown Advisory Inc. increased its position in 2U by 250.2% during the fourth quarter. Brown Advisory Inc. now owns 607,012 shares of the software maker’s stock worth $30,180,000 after buying an additional 433,668 shares during the last quarter. Finally, Polar Capital LLP increased its position in 2U by 61.1% during the fourth quarter. Polar Capital LLP now owns 711,790 shares of the software maker’s stock worth $35,390,000 after buying an additional 269,844 shares during the last quarter.

Several research firms have commented on TWOU. Oppenheimer increased their target price on shares of 2U from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Barrington Research reissued an “outperform” rating and set a $90.00 target price (up from $75.00) on shares of 2U in a research report on Tuesday, February 26th. Credit Suisse Group increased their target price on shares of 2U from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. BMO Capital Markets raised their price target on 2U from $72.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. Finally, DA Davidson raised their price target on 2U to $88.00 and gave the company an “in-line” rating in a research report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.09.

Shares of NASDAQ:TWOU opened at $37.64 on Friday. The stock has a market capitalization of $2.20 billion, a PE ratio of -59.75 and a beta of 1.04. 2U Inc has a 52-week low of $34.26 and a 52-week high of $94.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.11 and a current ratio of 5.11.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. The company had revenue of $122.20 million for the quarter, compared to the consensus estimate of $121.77 million. 2U had a negative return on equity of 5.85% and a negative net margin of 10.19%. The firm’s revenue was up 32.4% compared to the same quarter last year. During the same period last year, the business posted ($0.12) earnings per share. On average, sell-side analysts predict that 2U Inc will post -1.23 earnings per share for the current year.

In other 2U news, Director Gregory K. Peters purchased 12,459 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of $40.15 per share, for a total transaction of $500,228.85. Following the completion of the purchase, the director now directly owns 25,744 shares in the company, valued at $1,033,621.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Matthew J. Norden sold 1,650 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $39.31, for a total transaction of $64,861.50. Following the transaction, the insider now owns 14,142 shares of the company’s stock, valued at approximately $555,922.02. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

2U Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Want to see what other hedge funds are holding TWOU?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 2U Inc (NASDAQ:TWOU).

Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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2U Inc (NASDAQ:TWOU) Stake Raised by Clearbridge Investments LLC

Clearbridge Investments LLC increased its holdings in 2U Inc (NASDAQ:TWOU) by 2.5% in the first quarter, according to the company in its most …

2U logoClearbridge Investments LLC increased its holdings in 2U Inc (NASDAQ:TWOU) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,500 shares of the software maker’s stock after purchasing an additional 6,800 shares during the period. Clearbridge Investments LLC owned 0.47% of 2U worth $19,448,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TWOU. Meridian Wealth Management LLC acquired a new stake in 2U during the first quarter valued at approximately $50,000. William Blair Investment Management LLC grew its holdings in shares of 2U by 0.7% during the first quarter. William Blair Investment Management LLC now owns 1,605,992 shares of the software maker’s stock valued at $113,785,000 after purchasing an additional 10,846 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of 2U by 10.2% during the first quarter. Federated Investors Inc. PA now owns 215,200 shares of the software maker’s stock valued at $15,247,000 after purchasing an additional 20,000 shares during the last quarter. AGF Investments Inc. bought a new position in shares of 2U during the first quarter valued at approximately $1,516,000. Finally, Swiss National Bank grew its holdings in shares of 2U by 4.0% during the first quarter. Swiss National Bank now owns 105,600 shares of the software maker’s stock valued at $7,482,000 after purchasing an additional 4,100 shares during the last quarter.

In other news, insider Matthew J. Norden sold 1,650 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $39.31, for a total transaction of $64,861.50. Following the completion of the sale, the insider now owns 14,142 shares in the company, valued at approximately $555,922.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory K. Peters acquired 12,459 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of $40.15 per share, with a total value of $500,228.85. Following the transaction, the director now directly owns 25,744 shares in the company, valued at approximately $1,033,621.60. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company’s stock.

Several equities analysts have recently commented on TWOU shares. Berenberg Bank started coverage on 2U in a report on Wednesday, March 6th. They set a “buy” rating and a $102.00 target price for the company. BidaskClub lowered 2U from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 target price (up from $80.00) on shares of 2U in a report on Tuesday, February 26th. DA Davidson upped their target price on 2U to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, TheStreet lowered 2U from a “c-” rating to a “d” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $75.09.

Shares of TWOU stock opened at $37.64 on Friday. 2U Inc has a 12-month low of $34.26 and a 12-month high of $94.40. The company has a market capitalization of $2.20 billion, a P/E ratio of -59.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.11 and a quick ratio of 5.11.

2U (NASDAQ:TWOU) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.03. 2U had a negative return on equity of 5.85% and a negative net margin of 10.19%. The business had revenue of $122.20 million during the quarter, compared to analyst estimates of $121.77 million. During the same period in the prior year, the company posted ($0.12) EPS. The business’s revenue for the quarter was up 32.4% compared to the same quarter last year. Equities research analysts forecast that 2U Inc will post -1.23 EPS for the current fiscal year.

2U Company Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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