HBK Investments L P Invests $72.75 Million in DPC Holdings PLC $DPC

HBK Investments L P acquired a new stake in DPC Holdings PLC (NYSE:DPC) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,482,881 shares of the company’s stock, valued at approximately $72,750,000. DPC comprises approximately 0.7% of HBK Investments L P’s portfolio, making the stock its 21st largest position.

Other large investors have also made changes to their positions in the company. BlueCrest Capital Management Ltd acquired a new stake in shares of DPC during the second quarter valued at $1,226,000. Mudrick Capital Management L.P. acquired a new position in DPC in the 2nd quarter valued at about $314,115,000. Readystate Asset Management LP acquired a new position in DPC in the 2nd quarter valued at about $245,000. Irenic Capital Management LP purchased a new position in DPC in the 2nd quarter valued at about $41,201,000. Finally, Tribune Investment Group LP purchased a new position in DPC in the 2nd quarter valued at about $3,105,000.

Analyst Upgrades and Downgrades

DPC has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Morgan Stanley raised their target price on shares of DPC from $47.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Wall Street Zen raised shares of DPC to a “hold” rating in a research note on Saturday, July 4th. Rothschild & Co Redburn assumed coverage on DPC in a report on Monday, July 20th. They issued a “buy” rating and a $53.50 price target for the company. Finally, Zacks Research raised DPC to a “hold” rating in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, DPC currently has an average rating of “Moderate Buy” and an average price target of $57.62.

DPC Stock Performance

Shares of DPC traded down $0.54 during mid-day trading on Wednesday, hitting $39.52. The company had a trading volume of 867,788 shares, compared to its average volume of 1,284,412. The business has a 50-day moving average of $46.58. DPC Holdings PLC has a 1-year low of $37.65 and a 1-year high of $57.25.

DPC (NYSE:DPC) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $268.70 million for the quarter. As a group, sell-side analysts expect that DPC Holdings PLC will post 0.45 earnings per share for the current fiscal year.

Insider Activity at DPC

In other news, CFO David John Egan bought 275,363 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of $33.00 per share, with a total value of $9,086,979.00. Following the transaction, the chief financial officer owned 294,529 shares of the company’s stock, valued at $9,719,457. This represents a 1,436.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stanley A. Deal bought 16,360 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of $33.00 per share, for a total transaction of $539,880.00. Following the completion of the transaction, the director directly owned 16,360 shares in the company, valued at approximately $539,880. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 2,297,621 shares of company stock worth $75,821,493.

About DPC

DPC Dash Ltd. is a quick-service restaurant company that operates the Domino’s Pizza business in China. The company develops, owns and operates Domino’s-branded stores, offering pizza, side dishes, desserts and beverages through dine-in, takeout and delivery channels.

Founded in 2010, DPC Dash serves customers across mainland China and has expanded its store network in major urban markets. Its operations include restaurant management, digital ordering and delivery services, supply-chain activities, and local marketing conducted under the Domino’s brand.

DPC Dash is the exclusive master franchisee for Domino’s Pizza in mainland China, giving it responsibility for the brand’s development and operations in that market.