Higher One Holdings Inc. (ONE) Sets New 12-Month High at $5.14
Higher One Holdings Inc. (NYSE:ONE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5.14 and last traded at $5.13, with a volume of 436,219 shares trading hands. The stock had previously closed at $5.13.
A number of research analysts have recently commented on the company. Barrington Research cut Higher One Holdings from an “outperform” rating to an “underperform” rating in a research note on Thursday, June 30th. SunTrust Banks Inc. cut Higher One Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, June 30th. Finally, TheStreet raised Higher One Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 8th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Higher One Holdings presently has a consensus rating of “Hold” and a consensus target price of $4.50.
The stock has a market cap of $245.76 million and a P/E ratio of 31.67. The stock has a 50-day moving average of $4.16 and a 200 day moving average of $3.86.
Higher One Holdings (NYSE:ONE) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The firm earned $55.60 million during the quarter, compared to analyst estimates of $55.15 million. The company’s quarterly revenue was down 9.6% on a year-over-year basis. Equities analysts expect that Higher One Holdings Inc. will post $0.03 EPS for the current 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 dated Tuesday, July 5th. The stock was sold at an average price of $5.10, for a total value of $22,897,199.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position 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. Dimensional Fund Advisors LP raised 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 during the period. Finally, LSV Asset Management raised its position 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.
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.