The Manufacturers Life Insurance Company Has $482,000 Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

The Manufacturers Life Insurance Company boosted its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,321 shares of the company’s stock after buying an additional 8,940 shares during the period. The Manufacturers Life Insurance Company’s holdings in E2open Parent were worth $482,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in E2open Parent by 17.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company’s stock valued at $217,000 after purchasing an additional 7,399 shares during the period. Crescent Grove Advisors LLC acquired a new position in shares of E2open Parent during the 2nd quarter worth approximately $1,081,000. Bank of New York Mellon Corp raised its position in shares of E2open Parent by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 798,741 shares of the company’s stock valued at $3,586,000 after purchasing an additional 55,315 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of E2open Parent by 15.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,248 shares of the company’s stock worth $194,000 after buying an additional 5,854 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of E2open Parent in the second quarter valued at about $34,000.

E2open Parent Price Performance

ETWO stock opened at $2.96 on Friday. The company has a fifty day moving average price of $3.16 and a 200-day moving average price of $3.96. E2open Parent Holdings, Inc. has a 52-week low of $2.80 and a 52-week high of $5.07. The company has a market capitalization of $1.01 billion, a P/E ratio of -1.15, a PEG ratio of 1.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $152.19 million during the quarter, compared to the consensus estimate of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. As a group, equities analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of E2open Parent from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $3.50 to $2.90 in a research report on Wednesday.

E2open Parent Profile

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.