Jane Street Group LLC Has $271,000 Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Jane Street Group LLC cut its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 53.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,588 shares of the technology company’s stock after selling 41,398 shares during the period. Jane Street Group LLC owned approximately 0.05% of Cantaloupe worth $271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTLP. Bank of New York Mellon Corp raised its holdings in Cantaloupe by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 20,835 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in Cantaloupe by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company’s stock valued at $742,000 after acquiring an additional 3,011 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Cantaloupe in the 2nd quarter valued at $2,276,000. Squarepoint Ops LLC raised its holdings in Cantaloupe by 163.2% in the 2nd quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company’s stock valued at $206,000 after acquiring an additional 19,365 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Cantaloupe by 15.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock valued at $159,000 after acquiring an additional 3,210 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Cantaloupe Price Performance

Cantaloupe stock opened at $8.32 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. Cantaloupe, Inc. has a 52 week low of $5.74 and a 52 week high of $10.48. The stock has a market capitalization of $607.24 million, a P/E ratio of 48.94 and a beta of 1.64. The stock has a fifty day moving average of $9.25 and a 200-day moving average of $8.01.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The business had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $70.54 million. During the same quarter in the prior year, the firm earned $0.02 EPS. On average, sell-side analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CTLP has been the subject of several analyst reports. Northland Securities lifted their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Benchmark boosted their price target on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a report on Monday, November 4th.

Cantaloupe Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.