The Manufacturers Life Insurance Company Decreases Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

The Manufacturers Life Insurance Company trimmed its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,819 shares of the technology company’s stock after selling 1,482 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Cantaloupe were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CTLP. JPMorgan Chase & Co. lifted its stake in Cantaloupe by 340.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock worth $824,000 after purchasing an additional 86,109 shares in the last quarter. UMB Bank n.a. purchased a new position in Cantaloupe in the 4th quarter worth approximately $153,000. SG Americas Securities LLC lifted its stake in Cantaloupe by 25.3% in the 4th quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock worth $265,000 after purchasing an additional 5,612 shares in the last quarter. Anderson Hoagland & Co. purchased a new position in Cantaloupe in the 4th quarter worth approximately $1,837,000. Finally, Rhumbline Advisers lifted its stake in Cantaloupe by 4.1% in the 4th quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock worth $770,000 after purchasing an additional 3,221 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Stock Up 0.7%

CTLP stock opened at $8.49 on Monday. The firm has a market cap of $620.26 million, a PE ratio of 42.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81. The firm’s 50 day moving average price is $7.80 and its 200-day moving average price is $8.75. Cantaloupe, Inc. has a one year low of $5.82 and a one year high of $11.36.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $75.43 million for the quarter, compared to analysts’ expectations of $79.83 million. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. On average, equities research analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

CTLP has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of Cantaloupe in a research note on Thursday, March 27th. Benchmark raised their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th.

About Cantaloupe

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.