Private Advisor Group LLC Invests $197,000 in USA Technologies, Inc. (USAT)
Private Advisor Group LLC acquired a new position in shares of USA Technologies, Inc. (NASDAQ:USAT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,712 shares of the technology company’s stock, valued at approximately $197,000. Private Advisor Group LLC owned 0.10% of USA Technologies as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in USAT. Ballentine Partners LLC acquired a new stake in USA Technologies in the 2nd quarter valued at $285,000. Bank of New York Mellon Corp grew its position in USA Technologies by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock valued at $643,000 after purchasing an additional 1,540 shares during the period. Rhumbline Advisers grew its position in USA Technologies by 25.2% in the 2nd quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock valued at $205,000 after purchasing an additional 7,935 shares during the period. Monarch Partners Asset Management LLC grew its position in USA Technologies by 13.8% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 114,430 shares of the technology company’s stock valued at $595,000 after purchasing an additional 13,840 shares during the period. Finally, Citadel Advisors LLC grew its position in USA Technologies by 26.4% in the 1st quarter. Citadel Advisors LLC now owns 47,464 shares of the technology company’s stock valued at $202,000 after purchasing an additional 9,912 shares during the period. 35.38% of the stock is owned by institutional investors.
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Shares of USA Technologies, Inc. (NASDAQ:USAT) opened at 5.50 on Friday. USA Technologies, Inc. has a 52-week low of $3.55 and a 52-week high of $5.90. The company has a 50-day moving average of $5.37 and a 200 day moving average of $4.93. The firm’s market cap is $275.09 million.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings results on Tuesday, August 22nd. The technology company reported $0.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The company had revenue of $34.29 million for the quarter, compared to analysts’ expectations of $33.29 million. USA Technologies had a negative return on equity of 0.81% and a negative net margin of 1.78%. On average, equities analysts expect that USA Technologies, Inc. will post $0.04 earnings per share for the current year.
USAT has been the subject of several research reports. Northland Securities reissued a “buy” rating and issued a $7.25 price target on shares of USA Technologies in a research report on Tuesday, September 5th. ValuEngine raised shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub downgraded shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, William Blair initiated coverage on shares of USA Technologies in a research report on Thursday, August 24th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.25.
USA Technologies Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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