Higher One Holdings Inc. (ONE) Reaches New 1-Year High at $5.14
Higher One Holdings Inc. (NYSE:ONE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.14 and last traded at $5.13, with a volume of 87,896 shares trading hands. The stock had previously closed at $5.13.
Several equities analysts have recently issued reports on ONE shares. SunTrust Banks Inc. downgraded shares of Higher One Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, June 30th. Barrington Research downgraded shares of Higher One Holdings from an “outperform” rating to an “underperform” rating in a report on Thursday, June 30th. Finally, TheStreet raised shares of Higher One Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $4.50.
The company has a market capitalization of $245.28 million and a price-to-earnings ratio of 31.60. The firm has a 50 day moving average of $4.08 and a 200-day moving average of $3.82.
Higher One Holdings (NYSE:ONE) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. During the same period in the prior year, the business earned $0.21 EPS. The business had revenue of $55.60 million for the quarter, compared to analyst estimates of $55.15 million. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, analysts forecast 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 Higher One Holdings stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $5.10, for a total value of $22,897,199.70. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of hedge funds and institutional investors recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position 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 in the last quarter. GSA Capital Partners LLP increased its position in shares of Higher One Holdings by 35.8% in the fourth quarter. GSA Capital Partners LLP now owns 424,955 shares of the company’s stock valued at $1,377,000 after buying an additional 111,982 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Higher One Holdings by 0.9% in the fourth quarter. LSV Asset Management now owns 1,101,669 shares of the company’s stock valued at $3,569,000 after buying an additional 10,000 shares in the last quarter.
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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