WINTON GROUP Ltd Makes New Investment in Bullish $BLSH

WINTON GROUP Ltd purchased a new stake in Bullish (NYSE:BLSH) in the third quarter, HoldingsChannel reports. The firm purchased 111,600 shares of the company’s stock, valued at approximately $7,099,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BLSH. Exchange Traded Concepts LLC purchased a new stake in shares of Bullish in the 3rd quarter worth about $10,423,000. CWM LLC acquired a new position in Bullish during the third quarter worth about $31,000. Albion Financial Group UT acquired a new position in Bullish during the third quarter worth about $64,000. Renaissance Capital LLC purchased a new stake in shares of Bullish in the third quarter valued at about $2,436,000. Finally, Tradewinds Capital Management LLC acquired a new stake in shares of Bullish in the third quarter valued at approximately $25,000.

Bullish Stock Up 0.1%

BLSH stock opened at $35.06 on Monday. The company has a 50 day moving average price of $34.66 and a two-hundred day moving average price of $46.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 27.69 and a current ratio of 29.28. The stock has a market capitalization of $5.13 billion and a P/E ratio of 350.63. Bullish has a one year low of $24.79 and a one year high of $118.00.

Bullish (NYSE:BLSH) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($3.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). The business had revenue of $92.50 million for the quarter. Bullish had a negative return on equity of 10.58% and a negative net margin of 0.95%.The firm’s revenue for the quarter was up 67.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 earnings per share.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BLSH shares. Canaccord Genuity Group cut their price objective on Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Citigroup lowered their target price on Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Rosenblatt Securities dropped their price target on Bullish from $52.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Sanford C. Bernstein restated a “market perform” rating and issued a $50.00 price objective on shares of Bullish in a research report on Tuesday, January 6th. Finally, Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.08.

Bullish Company Profile

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.