Anthracite Investment Company Inc. Buys Shares of 170,000 Nu Holdings Ltd. (NYSE:NU)

Anthracite Investment Company Inc. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 170,000 shares of the company’s stock, valued at approximately $1,761,000.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after purchasing an additional 48,445 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in NU by 7.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 191,642 shares of the company’s stock valued at $2,616,000 after buying an additional 13,653 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in NU during the third quarter worth $164,000. Intech Investment Management LLC lifted its position in shares of NU by 5.1% in the third quarter. Intech Investment Management LLC now owns 114,577 shares of the company’s stock valued at $1,564,000 after acquiring an additional 5,537 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of NU during the third quarter valued at $5,626,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

NU stock opened at $11.39 on Wednesday. The stock has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $12.81. The company has a market cap of $54.28 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. UBS Group lowered their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.