Citigroup Inc. lifted its position in Leaf Group Ltd. (NYSE:LEAF) by 1,413,800.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,139 shares of the company’s stock after buying an additional 14,138 shares during the period. Citigroup Inc. owned approximately 0.05% of Leaf Group worth $66,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Marshall Wace LLP purchased a new position in Leaf Group in the first quarter worth $58,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Leaf Group in the 3rd quarter worth $228,000. Squarepoint Ops LLC grew its stake in Leaf Group by 176.2% during the 3rd quarter. Squarepoint Ops LLC now owns 80,322 shares of the company’s stock worth $403,000 after buying an additional 51,242 shares during the last quarter. Punch & Associates Investment Management Inc. grew its stake in Leaf Group by 9.6% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 652,300 shares of the company’s stock worth $3,275,000 after buying an additional 57,202 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Leaf Group in the third quarter valued at about $54,000. 68.36% of the stock is owned by institutional investors.
Leaf Group stock opened at $9.10 on Thursday. The stock has a 50-day moving average price of $6.50 and a 200 day moving average price of $5.53. The company has a market capitalization of $325.79 million, a price-to-earnings ratio of -20.68 and a beta of 1.90. Leaf Group Ltd. has a 52 week low of $1.03 and a 52 week high of $9.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.06.
In other Leaf Group news, EVP Adam F. Wergeles sold 5,000 shares of the stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $7.00, for a total transaction of $35,000.00. Company insiders own 11.40% of the company’s stock.
LEAF has been the topic of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and set a $9.00 price target on shares of Leaf Group in a research note on Thursday, January 7th. BTIG Research began coverage on shares of Leaf Group in a research note on Monday, March 29th. They set a “buy” rating and a $9.50 price target on the stock. Finally, Craig Hallum downgraded shares of Leaf Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $7.50 to $8.50 in a research note on Tuesday.
About Leaf Group
Leaf Group Ltd., together with its subsidiaries, operates as a diversified consumer internet company worldwide. It operates in two segments, Marketplaces and Media. The Marketplaces segment offers Society6.com, which provides artists with an online commerce platform to feature and sell their original art and designs on consumer products in the home dÃ©cor, accessories, and apparel categories; and Deny Designs, a made-to-order home dÃ©cor brand.
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