Luminus Management LLC Takes $1.97 Million Position in PagSeguro Digital Ltd (PAGS)
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.
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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