Bosun Asset Management LLC Grows Stock Holdings in Despegar.com, Corp. (NYSE:DESP)

Bosun Asset Management LLC lifted its position in Despegar.com, Corp. (NYSE:DESP) by 152.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,454 shares of the company’s stock after buying an additional 90,305 shares during the quarter. Despegar.com makes up 1.3% of Bosun Asset Management LLC’s investment portfolio, making the stock its 15th largest holding. Bosun Asset Management LLC owned approximately 0.18% of Despegar.com worth $2,877,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in Despegar.com by 756.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock worth $33,000 after purchasing an additional 1,506 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Despegar.com in the fourth quarter valued at approximately $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Despegar.com during the 4th quarter worth approximately $104,000. Quinn Opportunity Partners LLC acquired a new stake in Despegar.com during the 4th quarter worth approximately $194,000. Finally, OLD Mission Capital LLC purchased a new position in Despegar.com in the 4th quarter valued at approximately $221,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Trading Up 0.2 %

Shares of NYSE:DESP opened at $19.45 on Tuesday. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55. The company’s 50 day moving average is $19.15 and its two-hundred day moving average is $18.22. The company has a market cap of $1.63 billion, a PE ratio of -648.17, a P/E/G ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP) last posted its earnings results on Tuesday, April 29th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.61). The business had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $212.40 million. Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. Despegar.com’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts expect that Despegar.com, Corp. will post 0.87 EPS for the current year.

Analyst Ratings Changes

Separately, B. Riley lowered Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.20.

About Despegar.com

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.