Empyrean Capital Partners LP bought a new stake in shares of Blue Apron Holdings Inc (NASDAQ:APRN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $934,000. Empyrean Capital Partners LP owned approximately 0.33% of Blue Apron Holdings at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in APRN. Russell Investments Group Ltd. acquired a new position in Blue Apron Holdings during the 2nd quarter valued at about $464,000. DekaBank Deutsche Girozentrale acquired a new position in Blue Apron Holdings during the 2nd quarter valued at about $220,000. Obermeyer Wood Investment Counsel Lllp acquired a new position in Blue Apron Holdings during the 2nd quarter valued at about $110,000. LMR Partners LLP acquired a new position in Blue Apron Holdings during the 2nd quarter valued at about $2,195,000. Finally, SG Americas Securities LLC acquired a new position in Blue Apron Holdings during the 2nd quarter valued at about $264,000.

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A number of brokerages have recently weighed in on APRN. Citigroup Inc. lowered Blue Apron Holdings from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $5.50 in a report on Friday, August 11th. CIBC began coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued an “outperform” rating and a $11.00 price objective on the stock. Northcoast Research began coverage on Blue Apron Holdings in a report on Tuesday, July 11th. They issued a “sell” rating and a $2.00 price objective on the stock. Goldman Sachs Group, Inc. (The) began coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $11.00 price objective on the stock. Finally, Zacks Investment Research raised Blue Apron Holdings from a “sell” rating to a “hold” rating in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.77.

Shares of Blue Apron Holdings Inc (NASDAQ:APRN) traded down 0.94% during mid-day trading on Friday, hitting $5.27. The stock had a trading volume of 341,812 shares. Blue Apron Holdings Inc has a 52-week low of $5.00 and a 52-week high of $11.00. The firm has a 50 day moving average price of $5.42 and a 200 day moving average price of $6.15. The firm’s market cap is $158.33 million.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.21). The company had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $235.78 million. The business’s revenue was up 17.9% on a year-over-year basis. Equities analysts predict that Blue Apron Holdings Inc will post ($1.56) EPS for the current year.

Blue Apron Holdings Profile

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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Institutional Ownership by Quarter for Blue Apron Holdings (NASDAQ:APRN)

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