Groupon Inc (GRPN) Holdings Reduced by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. reduced its position in Groupon Inc (NASDAQ:GRPN) by 60.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,000 shares of the coupon company’s stock after selling 45,030 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Groupon were worth $96,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nadler Financial Group Inc. bought a new position in Groupon in the 4th quarter valued at about $49,000. First Trust Advisors LP increased its holdings in Groupon by 23.8% in the 3rd quarter. First Trust Advisors LP now owns 23,581,289 shares of the coupon company’s stock valued at $88,901,000 after buying an additional 4,530,364 shares during the period. Gabelli Funds LLC increased its holdings in Groupon by 468.2% in the 3rd quarter. Gabelli Funds LLC now owns 625,000 shares of the coupon company’s stock valued at $2,356,000 after buying an additional 515,000 shares during the period. Man Group plc increased its holdings in Groupon by 26.0% in the 3rd quarter. Man Group plc now owns 4,358,195 shares of the coupon company’s stock valued at $16,431,000 after buying an additional 899,255 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in Groupon by 50.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 315,423 shares of the coupon company’s stock valued at $1,009,000 after buying an additional 105,158 shares during the period. 66.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Groupon stock opened at $3.96 on Wednesday. The company has a market cap of $2.26 billion, a P/E ratio of -132.00, a P/E/G ratio of 8.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.98 and a current ratio of 0.98. Groupon Inc has a 1 year low of $2.80 and a 1 year high of $5.52.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Tuesday, February 12th. The coupon company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $799.93 million for the quarter, compared to the consensus estimate of $782.54 million. Groupon had a negative net margin of 0.35% and a positive return on equity of 11.15%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. Equities research analysts forecast that Groupon Inc will post 0.09 EPS for the current year.

In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $3.04, for a total transaction of $4,560,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 16.90% of the company’s stock.

Several equities analysts have commented on the stock. Goldman Sachs Group initiated coverage on shares of Groupon in a report on Monday, February 4th. They issued a “neutral” rating and a $3.50 target price on the stock. ValuEngine raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Wednesday, January 2nd. Finally, B. Riley decreased their price target on shares of Groupon from $6.30 to $5.60 and set a “buy” rating on the stock in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Groupon presently has a consensus rating of “Hold” and a consensus price target of $4.61.

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Groupon Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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