Black Knight Inc (BKI) Stake Lessened by Laurion Capital Management LP

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Laurion Capital Management LP decreased its holdings in Black Knight Inc (NYSE:BKI) by 91.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,936 shares of the company’s stock after selling 562,434 shares during the period. Laurion Capital Management LP’s holdings in Black Knight were worth $2,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKI. SG Americas Securities LLC bought a new position in shares of Black Knight in the 2nd quarter valued at $101,000. Cerebellum GP LLC bought a new stake in Black Knight during the 3rd quarter worth $171,000. AMP Capital Investors Ltd bought a new stake in Black Knight during the 2nd quarter worth $203,000. Levin Capital Strategies L.P. bought a new stake in Black Knight during the 2nd quarter worth $209,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Black Knight during the 2nd quarter worth $220,000. Institutional investors own 86.27% of the company’s stock.

A number of brokerages recently weighed in on BKI. Wedbush reduced their price objective on Black Knight from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 20th. Zacks Investment Research lowered Black Knight from a “hold” rating to a “sell” rating in a research report on Monday, October 1st. Knight Equity began coverage on Black Knight in a research report on Thursday, November 29th. They set a “positive” rating and a $44.94 price objective on the stock. Compass Point reduced their price objective on Black Knight from $58.00 to $55.50 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Finally, Susquehanna Bancshares began coverage on Black Knight in a research report on Thursday, November 29th. They set a “positive” rating and a $59.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.84.

In related news, CEO Anthony M. Jabbour bought 22,140 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were purchased at an average cost of $45.17 per share, with a total value of $1,000,063.80. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 14.40% of the stock is currently owned by insiders.

Shares of BKI stock opened at $45.30 on Friday. The firm has a market cap of $6.73 billion, a P/E ratio of 34.32, a PEG ratio of 1.86 and a beta of 0.80. Black Knight Inc has a twelve month low of $42.30 and a twelve month high of $56.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.36.

Black Knight (NYSE:BKI) last announced its earnings results on Tuesday, October 30th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $282.30 million for the quarter, compared to the consensus estimate of $282.42 million. Black Knight had a return on equity of 13.86% and a net margin of 24.90%. Black Knight’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts expect that Black Knight Inc will post 1.6 EPS for the current fiscal year.

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Black Knight Profile

Black Knight, Inc engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. The Data and Analytics segment refers to the data and analytics solutions to the mortgage, real estate and capital markets verticals.

See Also: Systematic Risk and Investors

Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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