2,643 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,643 shares of the credit services provider’s stock, valued at approximately $147,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Atlanticus by 2.0% in the third quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider’s stock valued at $4,298,000 after purchasing an additional 2,348 shares in the last quarter. State Street Corp boosted its position in Atlanticus by 2.4% in the 3rd quarter. State Street Corp now owns 93,431 shares of the credit services provider’s stock valued at $3,278,000 after buying an additional 2,212 shares during the period. Wellington Management Group LLP acquired a new position in shares of Atlanticus in the third quarter worth $1,654,000. Empowered Funds LLC increased its position in shares of Atlanticus by 53.2% during the fourth quarter. Empowered Funds LLC now owns 26,004 shares of the credit services provider’s stock worth $1,451,000 after acquiring an additional 9,026 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Atlanticus in the third quarter valued at $313,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ATLC. B. Riley upgraded Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $52.00 target price (up from $45.00) on shares of Atlanticus in a research note on Monday, March 17th. Finally, JMP Securities lifted their price target on shares of Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $61.00.

Atlanticus Stock Performance

Shares of ATLC opened at $51.78 on Monday. The company has a market capitalization of $782.65 million, a price-to-earnings ratio of 11.64 and a beta of 2.16. Atlanticus Holdings Co. has a 52-week low of $23.10 and a 52-week high of $64.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $54.46 and a 200 day moving average price of $49.67.

Atlanticus (NASDAQ:ATLC) last posted its earnings results on Thursday, March 13th. The credit services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.19. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The firm had revenue of $353.19 million for the quarter, compared to the consensus estimate of $355.02 million. Research analysts predict that Atlanticus Holdings Co. will post 4.49 EPS for the current fiscal year.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.