Picton Mahoney Asset Management Buys 100,000 Shares of Cantaloupe, Inc. $CTLP

Picton Mahoney Asset Management raised its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 40.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 350,000 shares of the technology company’s stock after purchasing an additional 100,000 shares during the quarter. Picton Mahoney Asset Management’s holdings in Cantaloupe were worth $3,699,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in Cantaloupe during the third quarter worth $1,978,000. Alpine Associates Management Inc. boosted its holdings in Cantaloupe by 76.4% during the 3rd quarter. Alpine Associates Management Inc. now owns 1,934,206 shares of the technology company’s stock worth $20,445,000 after acquiring an additional 837,506 shares during the last quarter. New York Life Investment Management LLC bought a new stake in shares of Cantaloupe in the 3rd quarter worth $1,536,000. BCK Capital Management LP raised its holdings in shares of Cantaloupe by 330.9% in the third quarter. BCK Capital Management LP now owns 288,692 shares of the technology company’s stock valued at $3,051,000 after purchasing an additional 221,692 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of Cantaloupe by 85.2% during the third quarter. Wolverine Asset Management LLC now owns 321,249 shares of the technology company’s stock valued at $3,396,000 after purchasing an additional 147,786 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CTLP. Wall Street Zen raised shares of Cantaloupe to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Finally, Zacks Research raised Cantaloupe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.60.

Cantaloupe Stock Performance

Shares of CTLP opened at $10.35 on Friday. Cantaloupe, Inc. has a 1 year low of $7.01 and a 1 year high of $11.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31. The stock’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $10.63. The firm has a market cap of $763.00 million, a PE ratio of 57.50 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%.The firm had revenue of $78.71 million during the quarter, compared to analysts’ expectations of $84.92 million. On average, equities research analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current year.

About Cantaloupe

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.