Higher One Holdings Inc. (ONE) Sees Strong Trading Volume
Higher One Holdings Inc. (NYSE:ONE) saw an uptick in trading volume on Monday . 1,597,415 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 1,557,238 shares.The stock last traded at $5.13 and had previously closed at $5.13.
Several research firms have issued reports on ONE. TheStreet raised shares of Higher One Holdings from a “sell” rating to a “hold” rating in a report on Friday. Barrington Research lowered shares of Higher One Holdings from an “outperform” rating to an “underperform” rating in a report on Thursday, June 30th. Finally, SunTrust Banks Inc. lowered shares of Higher One Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.50.
The company has a market cap of $245.28 million and a PE ratio of 31.60. The firm’s 50 day moving average price is $3.97 and its 200 day moving average price is $3.80.
Higher One Holdings (NYSE:ONE) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. During the same period in the previous year, the business posted $0.21 EPS. The company had revenue of $55.60 million for the quarter, compared to analysts’ expectations of $55.15 million. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities research analysts predict that Higher One Holdings Inc. will post $0.23 EPS for the current fiscal year.
In related news, major shareholder Fund Gp L.P. Lightyear II sold 4,489,647 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $5.10, for a total transaction of $22,897,199.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of large investors have added to or reduced their stakes in ONE. LSV Asset Management raised its stake in Higher One Holdings by 0.9% in the fourth quarter. LSV Asset Management now owns 1,101,669 shares of the company’s stock worth $3,569,000 after buying an additional 10,000 shares during the period. GSA Capital Partners LLP raised its stake in Higher One Holdings by 35.8% in the fourth quarter. GSA Capital Partners LLP now owns 424,955 shares of the company’s stock worth $1,377,000 after buying an additional 111,982 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Higher One Holdings by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 697,199 shares of the company’s stock worth $2,259,000 after buying an additional 104,000 shares during the 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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