Key Square Capital Management LLC acquired a new stake in Linx S.A. (NASDAQ:LINX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,500,000 shares of the company’s stock, valued at approximately $13,680,000. Linx comprises about 5.0% of Key Square Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Key Square Capital Management LLC owned approximately 0.79% of Linx as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LINX. Third Point LLC acquired a new stake in Linx during the second quarter worth approximately $1,828,000. Monashee Investment Management LLC acquired a new position in Linx in the second quarter valued at approximately $3,967,000. Finally, Pelham Global Financials Ltd. acquired a new position in Linx in the second quarter valued at approximately $12,864,000.

Shares of Linx stock traded up $0.37 during trading on Wednesday, reaching $7.86. 12,424 shares of the company traded hands, compared to its average volume of 407,190. Linx S.A. has a 1-year low of $6.59 and a 1-year high of $9.60. The company has a 50 day moving average price of $7.88.

Separately, Jefferies Financial Group began coverage on shares of Linx in a research report on Monday, July 22nd. They set a “buy” rating and a $11.00 price objective for the company.

Linx Company Profile

Linx SA, through its subsidiaries, provides management software solutions for the retail market in Brazil and internationally. It offers enterprise resource planning, and point of sale or point of service (POS) management software; and connectivity, electronic fund transfer, e-commerce, and customer relationship management solutions.

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Institutional Ownership by Quarter for Linx (NASDAQ:LINX)

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