WINTON GROUP Ltd Has $3.15 Million Position in StoneCo Ltd. $STNE

WINTON GROUP Ltd boosted its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 37.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,143 shares of the company’s stock after buying an additional 58,443 shares during the quarter. WINTON GROUP Ltd owned approximately 0.07% of StoneCo worth $3,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STNE. AQR Capital Management LLC acquired a new position in shares of StoneCo in the 1st quarter valued at about $902,000. Strs Ohio acquired a new position in shares of StoneCo in the 1st quarter valued at about $70,000. Prudential Financial Inc. lifted its stake in shares of StoneCo by 37.4% in the 2nd quarter. Prudential Financial Inc. now owns 28,075 shares of the company’s stock valued at $450,000 after purchasing an additional 7,635 shares during the period. Invesco Ltd. lifted its stake in shares of StoneCo by 8.3% in the 2nd quarter. Invesco Ltd. now owns 256,142 shares of the company’s stock valued at $4,109,000 after purchasing an additional 19,723 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of StoneCo by 10.0% in the 2nd quarter. First Trust Advisors LP now owns 13,995 shares of the company’s stock valued at $224,000 after purchasing an additional 1,273 shares during the period. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Price Performance

STNE stock opened at $10.40 on Monday. The stock’s 50 day simple moving average is $12.39 and its 200 day simple moving average is $14.33. StoneCo Ltd. has a fifty-two week low of $9.45 and a fifty-two week high of $19.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $2.59 billion, a P/E ratio of 4.16, a price-to-earnings-growth ratio of 0.19 and a beta of 1.73.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. StoneCo had a return on equity of 21.05% and a net margin of 23.82%.The business had revenue of $141.16 million for the quarter, compared to the consensus estimate of $675.11 million. On average, research analysts expect that StoneCo Ltd. will post 2.31 earnings per share for the current fiscal year.

StoneCo Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup downgraded StoneCo from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $11.00 in a research note on Friday, May 15th. JPMorgan Chase & Co. dropped their price objective on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of StoneCo in a research note on Tuesday, June 2nd. UBS Group dropped their price objective on StoneCo from $19.50 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Finally, BTIG Research dropped their price objective on StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.