Metropolitan Life Insurance Co. NY Has $113,000 Holdings in Meet Group Inc (MEET)

Metropolitan Life Insurance Co. NY raised its position in Meet Group Inc (NASDAQ:MEET) by 356.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,431 shares of the information services provider’s stock after acquiring an additional 19,081 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Meet Group were worth $113,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MEET. Dimensional Fund Advisors LP increased its position in shares of Meet Group by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 6,136,234 shares of the information services provider’s stock valued at $30,374,000 after buying an additional 117,429 shares during the period. BlackRock Inc. increased its position in shares of Meet Group by 11.1% during the fourth quarter. BlackRock Inc. now owns 5,524,371 shares of the information services provider’s stock valued at $25,578,000 after buying an additional 552,402 shares during the period. Vanguard Group Inc increased its position in shares of Meet Group by 1.0% during the third quarter. Vanguard Group Inc now owns 3,493,459 shares of the information services provider’s stock valued at $17,293,000 after buying an additional 34,128 shares during the period. Vanguard Group Inc. increased its position in shares of Meet Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,493,459 shares of the information services provider’s stock valued at $17,293,000 after buying an additional 34,128 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Meet Group by 38.6% during the fourth quarter. Geode Capital Management LLC now owns 1,032,381 shares of the information services provider’s stock valued at $4,779,000 after buying an additional 287,650 shares during the period. Hedge funds and other institutional investors own 59.56% of the company’s stock.

In other Meet Group news, major shareholder Luxor Capital Group, Lp acquired 686,431 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $5.40 per share, with a total value of $3,706,727.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 1,207,541 shares of company stock worth $6,476,805 in the last three months. 6.10% of the stock is currently owned by insiders.

NASDAQ:MEET opened at $4.94 on Monday. Meet Group Inc has a one year low of $2.26 and a one year high of $6.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $370.16 million, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 0.75 and a beta of 1.43.

Meet Group (NASDAQ:MEET) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Meet Group had a net margin of 0.64% and a return on equity of 9.66%. The business had revenue of $52.46 million for the quarter, compared to analyst estimates of $52.30 million. Research analysts anticipate that Meet Group Inc will post 0.33 EPS for the current fiscal year.

Several equities analysts recently issued reports on the stock. ValuEngine cut shares of Meet Group from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Meet Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Roth Capital boosted their price target on shares of Meet Group from $6.75 to $8.00 in a research report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.75.

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Meet Group Company 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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