Higher One Holdings Inc. (NYSE:ONE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.12 and last traded at $5.12, with a volume of 233,019 shares traded. The stock had previously closed at $5.11.

A number of equities research analysts recently issued reports on the company. Barrington Research downgraded Higher One Holdings from an “outperform” rating to an “underperform” rating in a research report on Thursday, June 30th. SunTrust Banks Inc. downgraded Higher One Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.50.

The stock has a market cap of $245.76 million and a price-to-earnings ratio of 31.67. The firm’s 50 day moving average price is $3.89 and its 200-day moving average price is $3.76.

Higher One Holdings (NYSE:ONE) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company earned $55.60 million during the quarter, compared to analysts’ expectations of $55.15 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. Analysts forecast that Higher One Holdings Inc. will post $0.23 EPS for the current fiscal year.

In other news, major shareholder Fund Gp L.P. Lightyear II sold 4,489,647 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $5.10, for a total transaction of $22,897,199.70. The sale was disclosed in a legal filing with the SEC, which is available through this link.

A hedge fund recently raised its stake in Higher One Holdings stock. GSA Capital Partners LLP raised its stake in shares of Higher One Holdings Inc. (NYSE:ONE) by 35.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 424,955 shares of the company’s stock after buying an additional 111,982 shares during the period. GSA Capital Partners LLP owned approximately 0.89% of Higher One Holdings worth $1,377,000 at the end of the most recent reporting period.

Higher One Holdings, Inc is a provider of technology-based refund disbursement, payment processing and data analytics services to higher education institutions and students. The Company offers products and services to two markets, such as higher education institutions and students. For higher education institutions, the Company offers Refund Management Disbursement Service, CASHNet Payment Processing suite, Campus Labs and Campus Solutions Suite.

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