Sargent Investment Group LLC Has $13.58 Million Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Sargent Investment Group LLC decreased its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,428,363 shares of the technology company’s stock after selling 88,880 shares during the quarter. Cantaloupe makes up 2.2% of Sargent Investment Group LLC’s investment portfolio, making the stock its 10th biggest holding. Sargent Investment Group LLC owned approximately 1.96% of Cantaloupe worth $13,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings in Cantaloupe by 15.4% in the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock worth $159,000 after purchasing an additional 3,210 shares during the period. Quarry LP acquired a new stake in shares of Cantaloupe in the 3rd quarter valued at about $26,000. Quantbot Technologies LP increased its position in Cantaloupe by 34.0% in the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after buying an additional 3,975 shares in the last quarter. Zacks Investment Management increased its position in Cantaloupe by 18.0% in the 3rd quarter. Zacks Investment Management now owns 32,586 shares of the technology company’s stock valued at $241,000 after buying an additional 4,971 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Cantaloupe by 25.3% during the 4th quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock worth $265,000 after buying an additional 5,612 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Trading Up 2.6 %

Shares of CTLP stock opened at $8.42 on Wednesday. Cantaloupe, Inc. has a 52-week low of $5.74 and a 52-week high of $10.48. The company has a 50-day simple moving average of $8.96 and a two-hundred day simple moving average of $8.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The company has a market capitalization of $614.58 million, a price-to-earnings ratio of 49.53 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same period in the prior year, the company posted $0.02 earnings per share. Research analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CTLP shares. Benchmark boosted their price objective on Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $12.00 price target on shares of Cantaloupe in a research note on Monday. Finally, Northland Securities raised their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th.

About Cantaloupe

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.