Continental Advisors LLC trimmed its holdings in shares of Bankrate, Inc. (NYSE:RATE) by 92.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,000 shares of the bank’s stock after selling 401,103 shares during the period. Continental Advisors LLC’s holdings in Bankrate were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of RATE. Morgan Stanley grew its holdings in Bankrate by 10.0% during the 1st quarter. Morgan Stanley now owns 382,529 shares of the bank’s stock worth $3,692,000 after acquiring an additional 34,843 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Bankrate by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 194,678 shares of the bank’s stock valued at $1,879,000 after buying an additional 10,773 shares in the last quarter. Credit Suisse AG boosted its holdings in shares of Bankrate by 151.8% in the 1st quarter. Credit Suisse AG now owns 106,723 shares of the bank’s stock valued at $1,030,000 after buying an additional 64,334 shares in the last quarter. Global X Management Co. LLC boosted its holdings in shares of Bankrate by 279.2% in the 2nd quarter. Global X Management Co. LLC now owns 14,480 shares of the bank’s stock valued at $186,000 after buying an additional 10,661 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Bankrate by 65.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 368,644 shares of the bank’s stock valued at $4,737,000 after buying an additional 146,115 shares in the last quarter. Institutional investors own 47.31% of the company’s stock.

Separately, BidaskClub cut shares of Bankrate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.00.

Shares of Bankrate, Inc. (NYSE RATE) traded up $0.05 during trading on Monday, hitting $14.00. 2,003,100 shares of the company traded hands, compared to its average volume of 620,162. The stock has a market cap of $1,260.00, a price-to-earnings ratio of 28.00 and a beta of 1.64. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.44. Bankrate, Inc. has a 52-week low of $8.55 and a 52-week high of $14.25.

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Bankrate Company Profile

Bankrate, Inc is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company’s segments include Banking, Credit Cards, Senior Care and Other.

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Institutional Ownership by Quarter for Bankrate (NYSE:RATE)

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