Texas Permanent School Fund Invests $242,000 in Loyalty Ventures Inc. (NASDAQ:LYLT)

Texas Permanent School Fund acquired a new stake in Loyalty Ventures Inc. (NASDAQ:LYLTGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 67,710 shares of the company’s stock, valued at approximately $242,000. Texas Permanent School Fund owned about 0.28% of Loyalty Ventures at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYLT. Engine Capital Management LP purchased a new position in Loyalty Ventures in the 1st quarter valued at about $4,637,000. Russell Investments Group Ltd. purchased a new position in Loyalty Ventures in the 2nd quarter valued at about $650,000. Neuberger Berman Group LLC purchased a new position in Loyalty Ventures in the 1st quarter valued at about $2,191,000. Strs Ohio purchased a new position in Loyalty Ventures in the 2nd quarter valued at about $423,000. Finally, Penn Capital Management Company LLC purchased a new position in Loyalty Ventures in the 1st quarter valued at about $2,128,000. 75.19% of the stock is owned by hedge funds and other institutional investors.

Loyalty Ventures Stock Performance

Shares of LYLT stock opened at $1.90 on Wednesday. The company has a debt-to-equity ratio of 5.25, a quick ratio of 0.78 and a current ratio of 0.98. Loyalty Ventures Inc. has a one year low of $0.71 and a one year high of $34.17. The company’s 50-day simple moving average is $1.43 and its 200-day simple moving average is $3.82. The stock has a market capitalization of $46.76 million and a price-to-earnings ratio of -0.09.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC decreased their price objective on shares of Loyalty Ventures from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, November 9th.

About Loyalty Ventures

(Get Rating)

Loyalty Ventures Inc provides consumer loyalty solutions. The company owns and operates the AIR MILES Reward Program, an end-to-end loyalty platform; and BrandLoyalty, a campaign-based loyalty solution for grocers and other high-frequency retailers. It also offers marketing, customer, and rewards and redemption management services for sponsors.

See Also

Institutional Ownership by Quarter for Loyalty Ventures (NASDAQ:LYLT)

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