Despegar.com, Corp. (NYSE:DESP) Holdings Trimmed by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC lowered its position in shares of Despegar.com, Corp. (NYSE:DESP) by 60.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,600 shares of the company’s stock after selling 66,400 shares during the quarter. Manatuck Hill Partners LLC owned 0.05% of Despegar.com worth $839,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. AQR Arbitrage LLC acquired a new position in shares of Despegar.com in the 4th quarter valued at $1,186,000. TIG Advisors LLC acquired a new position in shares of Despegar.com in the 4th quarter valued at $8,275,000. Lonestar Capital Management LLC acquired a new position in shares of Despegar.com in the 4th quarter valued at $6,410,000. Aquatic Capital Management LLC boosted its position in shares of Despegar.com by 450.4% in the 4th quarter. Aquatic Capital Management LLC now owns 32,472 shares of the company’s stock valued at $625,000 after purchasing an additional 26,572 shares during the period. Finally, Boothbay Fund Management LLC boosted its position in shares of Despegar.com by 6.4% in the 4th quarter. Boothbay Fund Management LLC now owns 35,701 shares of the company’s stock valued at $687,000 after purchasing an additional 2,141 shares during the period. Institutional investors own 67.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley cut shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.20.

Despegar.com Trading Down 0.1 %

NYSE DESP opened at $19.44 on Friday. The company has a 50 day moving average price of $19.14 and a two-hundred day moving average price of $18.08. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55.

Despegar.com (NYSE:DESP) last posted its earnings results on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The business had revenue of $210.30 million during the quarter, compared to analyst estimates of $212.40 million. The company’s revenue was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Despegar.com Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.