Magnetar Financial LLC Raises Position in Cantaloupe, Inc. $CTLP

Magnetar Financial LLC grew its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,642,669 shares of the technology company’s stock after acquiring an additional 385,074 shares during the period. Magnetar Financial LLC owned about 4.94% of Cantaloupe worth $38,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Cantaloupe in the third quarter valued at $32,000. Osaic Holdings Inc. grew its stake in Cantaloupe by 136.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after purchasing an additional 2,737 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Cantaloupe by 2,824.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock worth $55,000 after purchasing an additional 5,055 shares during the period. US Bancorp DE increased its holdings in Cantaloupe by 142.2% during the 3rd quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock worth $60,000 after purchasing an additional 3,327 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Cantaloupe by 55.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock valued at $63,000 after purchasing an additional 2,063 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Up 0.9%

Shares of NASDAQ CTLP opened at $10.58 on Wednesday. The business has a 50-day moving average of $10.57 and a two-hundred day moving average of $10.62. The company has a market capitalization of $779.96 million, a price-to-earnings ratio of 58.78 and a beta of 1.09. Cantaloupe, Inc. has a 1 year low of $7.01 and a 1 year high of $11.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The business had revenue of $78.71 million during the quarter, compared to analysts’ expectations of $84.92 million. On average, analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CTLP shares. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.60.

About Cantaloupe

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.