BRC Global BAH Investments Ltd. Has $107.03 Million Stake in StoneCo Ltd. $STNE

BRC Global BAH Investments Ltd. increased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 32.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,580,409 shares of the company’s stock after buying an additional 1,867,018 shares during the period. StoneCo comprises approximately 100.0% of BRC Global BAH Investments Ltd.’s portfolio, making the stock its largest position. BRC Global BAH Investments Ltd.’s holdings in StoneCo were worth $107,035,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SPX Gestao de Recursos Ltda increased its holdings in StoneCo by 1,054.8% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 5,236,620 shares of the company’s stock valued at $77,450,000 after purchasing an additional 4,783,158 shares during the period. Qube Research & Technologies Ltd acquired a new position in StoneCo during the 3rd quarter worth about $58,017,000. Norges Bank bought a new stake in shares of StoneCo in the 4th quarter valued at about $45,247,000. Balyasny Asset Management L.P. grew its position in shares of StoneCo by 1,004.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,934,964 shares of the company’s stock valued at $28,618,000 after buying an additional 1,759,782 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of StoneCo by 424.5% in the fourth quarter. Legal & General Group Plc now owns 1,910,596 shares of the company’s stock valued at $28,258,000 after buying an additional 1,546,355 shares during the period. 73.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on STNE. Citigroup lowered StoneCo from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $11.00 in a research note on Friday, May 15th. 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 report on Friday, May 15th. 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 report on Wednesday, May 27th. UBS Group lowered their price target on shares of StoneCo from $19.50 to $19.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Finally, Weiss Ratings downgraded shares of StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.58.

StoneCo Stock Performance

Shares of StoneCo stock opened at $10.52 on Thursday. The business has a 50-day moving average price of $10.84 and a two-hundred day moving average price of $13.59. StoneCo Ltd. has a 1-year low of $9.45 and a 1-year high of $19.95. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.57. The company has a market cap of $2.62 billion, a P/E ratio of 4.21, a PEG ratio of 0.20 and a beta of 1.73.

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

StoneCo Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, April 24th were issued a $2.53 dividend. The ex-dividend date was Friday, April 24th.

Insider Transactions at StoneCo

In other StoneCo news, Director Silvio Jose Morais sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $11.29, for a total value of $101,610.00. Following the transaction, the director directly owned 21,000 shares of the company’s stock, valued at approximately $237,090. The trade was a 30.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.25% of the company’s stock.

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.