Luminus Management LLC bought a new stake in PagSeguro Digital Ltd (NYSE:PAGS) in the second quarter, HoldingsChannel.com reports. The firm bought 70,863 shares of the company’s stock, valued at approximately $1,966,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. boosted its holdings in PagSeguro Digital by 84.9% in the second quarter. Pinnacle Associates Ltd. now owns 12,525 shares of the company’s stock valued at $348,000 after purchasing an additional 5,750 shares during the period. Westfield Capital Management Co. LP acquired a new stake in PagSeguro Digital in the first quarter valued at $253,000. JPMorgan Chase & Co. acquired a new stake in PagSeguro Digital in the first quarter valued at $270,000. Quadrature Capital Ltd acquired a new stake in PagSeguro Digital in the first quarter valued at $275,000. Finally, Hilltop Holdings Inc. acquired a new stake in PagSeguro Digital in the first quarter valued at $283,000.

PAGS opened at $26.39 on Wednesday. PagSeguro Digital Ltd has a one year low of $24.57 and a one year high of $39.97. The stock has a market cap of $3.27 billion and a PE ratio of 46.30.

A number of analysts have weighed in on PAGS shares. JPMorgan Chase & Co. cut their price target on PagSeguro Digital from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, May 31st. Zacks Investment Research upgraded PagSeguro Digital from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Wednesday, June 6th. Deutsche Bank raised their price target on PagSeguro Digital from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, June 11th. Credit Suisse Group restated an “underperform” rating and issued a $34.00 price target on shares of PagSeguro Digital in a research note on Tuesday, June 19th. Finally, Itau BBA Securities started coverage on PagSeguro Digital in a research report on Friday, July 27th. They set an “outperform” rating and a $37.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. PagSeguro Digital presently has an average rating of “Hold” and an average target price of $36.25.

About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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