Wilks Brothers LLC lowered its position in Meet Group Inc (NASDAQ:MEET) by 36.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,275,005 shares of the information services provider’s stock after selling 722,316 shares during the quarter. Meet Group makes up about 0.7% of Wilks Brothers LLC’s portfolio, making the stock its 29th biggest position. Wilks Brothers LLC’s holdings in Meet Group were worth $6,311,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in Meet Group during the 3rd quarter valued at $108,000. Metropolitan Life Insurance Co. NY bought a new stake in Meet Group during the 2nd quarter valued at $109,000. JPMorgan Chase & Co. boosted its position in Meet Group by 167.5% during the 1st quarter. JPMorgan Chase & Co. now owns 60,170 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 37,677 shares in the last quarter. Bank of Montreal Can boosted its position in Meet Group by 316.6% during the 3rd quarter. Bank of Montreal Can now owns 27,547 shares of the information services provider’s stock valued at $135,000 after acquiring an additional 20,935 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in Meet Group during the 2nd quarter valued at $155,000. 51.84% of the stock is currently owned by institutional investors.

Several analysts have issued reports on MEET shares. BidaskClub raised Meet Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 5th. ValuEngine cut Meet Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. TheStreet raised Meet Group from a “d+” rating to a “c-” rating in a research report on Monday, August 27th. Finally, Canaccord Genuity set a $6.00 target price on Meet Group and gave the company a “buy” rating in a research report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $4.17.

Meet Group stock opened at $3.80 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $278.02 million, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.90 and a beta of 1.53. Meet Group Inc has a 1-year low of $1.84 and a 1-year high of $5.63.

Meet Group (NASDAQ:MEET) last posted its quarterly earnings data on Wednesday, November 7th. The information services provider reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The firm had revenue of $45.72 million during the quarter, compared to analysts’ expectations of $43.85 million. Meet Group had a positive return on equity of 10.15% and a negative net margin of 42.63%. As a group, equities research analysts expect that Meet Group Inc will post 0.21 EPS for the current fiscal year.

In other Meet Group news, Director Spencer Garrett Rhodes acquired 11,985 shares of the stock in a transaction dated Monday, November 12th. The stock was purchased at an average price of $3.77 per share, with a total value of $45,183.45. Following the transaction, the director now directly owns 80,466 shares of the company’s stock, valued at $303,356.82. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Luxor Capital Group, Lp acquired 757,808 shares of the stock in a transaction dated Friday, October 26th. The stock was acquired at an average cost of $4.28 per share, with a total value of $3,243,418.24. The disclosure for this purchase can be found here. Insiders bought a total of 1,431,533 shares of company stock valued at $6,440,183 in the last three months. Insiders own 6.10% of the company’s stock.

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About Meet Group

The Meet Group, Inc operates various mobile social entertainment applications. Its applications are designed to meet the universal need for human connection. The company leverages a powerful live-streaming video platform, empowering global community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, and Tagged, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.

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Institutional Ownership by Quarter for Meet Group (NASDAQ:MEET)

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