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.

COPYRIGHT VIOLATION WARNING: “Trellus Management Company LLC Has $428,000 Position in USA Technologies, Inc. (USAT)” was published by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.fairfieldcurrent.com/news/2019/02/10/trellus-management-company-llc-has-428000-position-in-usa-technologies-inc-usat.html.

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.

Read More: Calculating net profit and net profit margin ratio

Want to see what other hedge funds are holding USAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USA Technologies, Inc. (NASDAQ:USAT).

Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

Receive News & Ratings for USA Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for USA Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here