Atlanticus Holdings Co. (NASDAQ:ATLC) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in Atlanticus Holdings Co. (NASDAQ:ATLC) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,460 shares of the credit services provider’s stock after selling 1,400 shares during the quarter. Alliancebernstein L.P. owned about 0.05% of Atlanticus worth $416,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ATLC. Globeflex Capital L P acquired a new stake in Atlanticus during the 4th quarter worth approximately $119,000. FMR LLC raised its stake in shares of Atlanticus by 393.1% during the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock worth $80,000 after purchasing an additional 1,820 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Atlanticus during the fourth quarter worth $129,000. Quantbot Technologies LP purchased a new position in Atlanticus in the 4th quarter valued at $147,000. Finally, Semanteon Capital Management LP acquired a new position in Atlanticus in the 4th quarter valued at $210,000. 14.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on ATLC shares. B. Riley raised shares of Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $52.00 price objective (up previously from $45.00) on shares of Atlanticus in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $61.00.

Atlanticus Stock Up 0.7 %

ATLC stock opened at $52.30 on Monday. Atlanticus Holdings Co. has a 52 week low of $23.10 and a 52 week high of $64.70. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The company has a market cap of $790.41 million, a P/E ratio of 11.75 and a beta of 2.16. The company’s 50-day moving average price is $51.75 and its 200 day moving average price is $51.51.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19. The business had revenue of $353.19 million for the quarter, compared to analysts’ expectations of $355.02 million. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. On average, research analysts expect that Atlanticus Holdings Co. will post 4.49 earnings per share for the current fiscal year.

About Atlanticus

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.