AlphaQuest LLC Boosts Holdings in Cantaloupe, Inc. $CTLP

AlphaQuest LLC lifted its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 177.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 132,540 shares of the technology company’s stock after acquiring an additional 84,689 shares during the quarter. AlphaQuest LLC owned 0.18% of Cantaloupe worth $1,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CTLP. Magnetar Financial LLC lifted its stake in Cantaloupe by 10,162.7% in the second quarter. Magnetar Financial LLC now owns 3,257,595 shares of the technology company’s stock worth $35,801,000 after purchasing an additional 3,225,853 shares during the last quarter. Beryl Capital Management LLC purchased a new position in shares of Cantaloupe in the second quarter worth about $27,709,000. Alliancebernstein L.P. increased its holdings in shares of Cantaloupe by 3,808.0% in the second quarter. Alliancebernstein L.P. now owns 1,740,226 shares of the technology company’s stock worth $19,125,000 after buying an additional 1,695,696 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of Cantaloupe by 60.1% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,173,351 shares of the technology company’s stock valued at $34,875,000 after acquiring an additional 1,191,748 shares during the last quarter. Finally, Alpine Associates Management Inc. purchased a new stake in Cantaloupe during the 2nd quarter valued at about $12,053,000. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CTLP shares. Zacks Research raised Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Cantaloupe in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $12.73.

Cantaloupe Trading Down 0.1%

CTLP opened at $10.74 on Friday. Cantaloupe, Inc. has a one year low of $7.01 and a one year high of $11.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.81 and a quick ratio of 1.28. The business has a 50 day simple moving average of $10.68 and a two-hundred day simple moving average of $10.74. The firm has a market capitalization of $791.54 million, a price-to-earnings ratio of 51.14 and a beta of 1.10.

Cantaloupe Profile

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.