Trellus Management Company LLC increased its position in shares of USA Technologies, Inc. (NASDAQ:USAT) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the technology company’s stock after purchasing an additional 10,000 shares during the period. USA Technologies makes up approximately 1.0% of Trellus Management Company LLC’s portfolio, making the stock its 28th largest position. Trellus Management Company LLC owned about 0.18% of USA Technologies worth $428,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC purchased a new position in USA Technologies during the fourth quarter worth about $65,000. Sheets Smith Wealth Management raised its holdings in USA Technologies by 88.0% during the fourth quarter. Sheets Smith Wealth Management now owns 20,825 shares of the technology company’s stock worth $81,000 after purchasing an additional 9,750 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in USA Technologies in the third quarter valued at about $110,000. IFG Advisory LLC purchased a new position in USA Technologies in the third quarter valued at about $143,000. Finally, Bank of Montreal Can increased its holdings in USA Technologies by 1,265.7% in the third quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock valued at $181,000 after buying an additional 23,326 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.
Shares of USA Technologies stock opened at $3.80 on Friday. USA Technologies, Inc. has a 12-month low of $3.19 and a 12-month high of $16.83. The stock has a market capitalization of $228.00 million, a price-to-earnings ratio of 54.29 and a beta of 1.82.
A number of research analysts have issued reports on USAT shares. Zacks Investment Research cut shares of USA Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. BidaskClub cut shares of USA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. ValuEngine cut shares of USA Technologies from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Northland Securities cut shares of USA Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of USA Technologies in a report on Tuesday, January 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $11.56.
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USA Technologies Company Profile
USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.
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