Corebridge Financial Inc. Trims Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Corebridge Financial Inc. lessened its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,038 shares of the technology company’s stock after selling 2,191 shares during the quarter. Corebridge Financial Inc.’s holdings in Cantaloupe were worth $276,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CTLP. Quarry LP acquired a new position in shares of Cantaloupe in the 3rd quarter worth approximately $26,000. Harvest Fund Management Co. Ltd purchased a new stake in Cantaloupe in the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust acquired a new position in Cantaloupe during the fourth quarter worth $47,000. New York State Common Retirement Fund lifted its stake in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock worth $75,000 after purchasing an additional 3,400 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Cantaloupe during the fourth quarter worth $91,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark lifted their target price on Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th.

Cantaloupe Stock Performance

NASDAQ:CTLP opened at $7.75 on Friday. The company has a market cap of $566.02 million, a price-to-earnings ratio of 38.75 and a beta of 1.45. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a 52 week low of $5.75 and a 52 week high of $11.36. The company has a fifty day simple moving average of $8.83 and a two-hundred day simple moving average of $8.87.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter in the prior year, the business posted $0.04 EPS. As a group, equities analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Cantaloupe Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.