Two Sigma Investments LP Lowers Position in Meet Group Inc (NASDAQ:MEET)

Two Sigma Investments LP trimmed its holdings in shares of Meet Group Inc (NASDAQ:MEET) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 678,093 shares of the information services provider’s stock after selling 171,899 shares during the period. Two Sigma Investments LP owned about 0.92% of Meet Group worth $3,140,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new position in Meet Group during the fourth quarter valued at approximately $50,000. Virtu Financial LLC purchased a new position in Meet Group during the third quarter valued at approximately $110,000. CAPROCK Group Inc. purchased a new position in Meet Group during the fourth quarter valued at approximately $118,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Meet Group by 202.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,735 shares of the information services provider’s stock valued at $221,000 after purchasing an additional 31,960 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in Meet Group during the fourth quarter valued at approximately $230,000. Institutional investors own 59.56% of the company’s stock.

In other Meet Group news, major shareholder Luxor Capital Group, Lp purchased 686,431 shares of Meet Group stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $5.40 per share, for a total transaction of $3,706,727.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have bought 1,207,541 shares of company stock worth $6,476,805. Company insiders own 6.10% of the company’s stock.

Several equities analysts have weighed in on the stock. Roth Capital lifted their price target on shares of Meet Group from $6.75 to $8.00 in a report on Wednesday, January 9th. BidaskClub downgraded shares of Meet Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Finally, ValuEngine cut shares of Meet Group from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.75.

Shares of Meet Group stock traded down $0.11 on Friday, hitting $4.94. 843,364 shares of the company traded hands, compared to its average volume of 983,155. The stock has a market cap of $370.16 million, a P/E ratio of 20.58, a PEG ratio of 0.75 and a beta of 1.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.17 and a quick ratio of 1.17. Meet Group Inc has a 52 week low of $2.26 and a 52 week high of $6.27.

Meet Group (NASDAQ:MEET) last released its quarterly earnings data on Wednesday, March 6th. The information services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $52.46 million for the quarter, compared to analysts’ expectations of $52.30 million. Meet Group had a net margin of 0.64% and a return on equity of 9.66%. As a group, equities analysts expect that Meet Group Inc will post 0.33 EPS for the current year.

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Meet Group Profile

The Meet Group, Inc operates a portfolio of mobile social entertainment applications to meet the need for human connection worldwide. The company leverages a live-streaming video platform, empowering community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, Tagged, and Growlr, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.

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Institutional Ownership by Quarter for Meet Group (NASDAQ:MEET)

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