Wolf Hill Capital Management LP Sells 599,268 Shares of Groupon, Inc. (NASDAQ:GRPN)

Wolf Hill Capital Management LP lowered its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 44.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 742,299 shares of the coupon company’s stock after selling 599,268 shares during the period. Groupon accounts for approximately 1.1% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 17th biggest holding. Wolf Hill Capital Management LP owned approximately 1.88% of Groupon worth $11,357,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GRPN. Pale Fire Capital SE increased its position in Groupon by 4.8% during the 4th quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after buying an additional 323,344 shares during the period. Jupiter Asset Management Ltd. bought a new position in Groupon during the first quarter worth about $437,000. Assenagon Asset Management S.A. raised its stake in Groupon by 259.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after purchasing an additional 138,218 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Groupon by 41.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,163 shares of the coupon company’s stock valued at $789,000 after purchasing an additional 17,440 shares during the period. Finally, Swiss National Bank acquired a new position in shares of Groupon during the 4th quarter worth approximately $475,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Groupon Stock Performance

NASDAQ GRPN opened at $10.85 on Friday. Groupon, Inc. has a 1 year low of $8.08 and a 1 year high of $19.56. The firm has a market capitalization of $429.02 million, a price-to-earnings ratio of -8.41 and a beta of 1.80. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 5.62. The firm’s 50 day simple moving average is $13.50 and its 200 day simple moving average is $13.87.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Tuesday, July 30th. The coupon company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.10. The business had revenue of $124.62 million during the quarter, compared to the consensus estimate of $121.70 million. During the same quarter in the previous year, the business posted ($0.30) EPS. As a group, research analysts expect that Groupon, Inc. will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jason Harinstein purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $10.61 per share, with a total value of $159,150.00. Following the acquisition, the director now owns 55,658 shares of the company’s stock, valued at approximately $590,531.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Groupon news, Director Robert J. Bass sold 4,583 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $11.35, for a total value of $52,017.05. Following the completion of the transaction, the director now directly owns 104,731 shares in the company, valued at $1,188,696.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jason Harinstein purchased 15,000 shares of Groupon stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $10.61 per share, for a total transaction of $159,150.00. Following the completion of the acquisition, the director now owns 55,658 shares of the company’s stock, valued at approximately $590,531.38. The disclosure for this purchase can be found here. Insiders own 35.70% of the company’s stock.

Analyst Ratings Changes

GRPN has been the subject of a number of analyst reports. Roth Mkm dropped their price target on shares of Groupon from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Northland Capmk upgraded Groupon to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, Northland Securities reduced their target price on Groupon from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

Groupon Company Profile

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.