Bankrate, Inc. (RATE) Position Lifted by Global X MANAGEMENT CO LLC
Global X MANAGEMENT CO LLC boosted its holdings in shares of Bankrate, Inc. (NYSE:RATE) by 53.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,196 shares of the bank’s stock after buying an additional 7,716 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Bankrate were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of RATE. Paloma Partners Management Co acquired a new position in Bankrate in the 1st quarter worth about $129,000. Global X Management Co. LLC increased its position in Bankrate by 279.2% in the 2nd quarter. Global X Management Co. LLC now owns 14,480 shares of the bank’s stock worth $186,000 after purchasing an additional 10,661 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Bankrate by 3.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,615 shares of the bank’s stock worth $214,000 after purchasing an additional 477 shares during the last quarter. Koch Industries Inc. acquired a new position in Bankrate in the 2nd quarter worth about $237,000. Finally, Royal Bank of Canada increased its position in Bankrate by 966.6% in the 2nd quarter. Royal Bank of Canada now owns 19,529 shares of the bank’s stock worth $251,000 after purchasing an additional 17,698 shares during the last quarter. 47.31% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Bankrate, Inc. (NYSE:RATE) opened at $14.00 on Monday. The stock has a market capitalization of $1,260.00, a PE ratio of 28.00 and a beta of 1.64. Bankrate, Inc. has a 52 week low of $8.55 and a 52 week high of $14.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.39.
Separately, BidaskClub lowered Bankrate from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.00.
Bankrate, Inc is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company’s segments include Banking, Credit Cards, Senior Care and Other.
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