Triasima Portfolio Management inc. Decreases Stock Position in Nu Holdings Ltd. $NU

Triasima Portfolio Management inc. lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 38.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,444 shares of the company’s stock after selling 97,935 shares during the quarter. Triasima Portfolio Management inc.’s holdings in NU were worth $2,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NU. Dynasty Wealth Management LLC acquired a new position in NU during the 3rd quarter valued at approximately $436,000. Americana Partners LLC increased its position in shares of NU by 19.1% in the 3rd quarter. Americana Partners LLC now owns 32,192 shares of the company’s stock valued at $515,000 after acquiring an additional 5,172 shares during the period. Verdence Capital Advisors LLC raised its stake in NU by 1.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock worth $712,000 after acquiring an additional 804 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in NU by 2.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 341,695 shares of the company’s stock worth $5,170,000 after acquiring an additional 9,311 shares during the period. Finally, Inspire Advisors LLC purchased a new stake in NU during the 3rd quarter valued at about $674,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NU stock opened at $16.70 on Tuesday. The firm has a market cap of $80.49 billion, a PE ratio of 32.67, a P/E/G ratio of 0.55 and a beta of 1.08. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.37. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $16.68 and a 200 day moving average price of $15.25.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on NU shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 price target on shares of NU in a report on Thursday, December 18th. UBS Group boosted their price objective on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.04.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.