UBS Group AG Grows Position in Atlanticus Holdings Corporation $ATLC

UBS Group AG grew its stake in shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) by 333.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,582 shares of the credit services provider’s stock after buying an additional 28,907 shares during the period. UBS Group AG’s holdings in Atlanticus were worth $2,516,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Atlanticus by 22.0% during the third quarter. Victory Capital Management Inc. now owns 31,179 shares of the credit services provider’s stock worth $1,826,000 after buying an additional 5,627 shares in the last quarter. JPMorgan Chase & Co. increased its position in Atlanticus by 241.1% during the second quarter. JPMorgan Chase & Co. now owns 18,039 shares of the credit services provider’s stock worth $988,000 after buying an additional 12,751 shares in the last quarter. Jane Street Group LLC increased its position in Atlanticus by 205.5% during the second quarter. Jane Street Group LLC now owns 14,683 shares of the credit services provider’s stock worth $804,000 after buying an additional 9,876 shares in the last quarter. Two Sigma Investments LP purchased a new position in Atlanticus during the third quarter worth $388,000. Finally, Creative Planning purchased a new position in Atlanticus during the third quarter worth $303,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Wall Street Analysts Forecast Growth

ATLC has been the subject of a number of recent analyst reports. Weiss Ratings raised Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Citizens Jmp lifted their price objective on Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 17th. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $101.67.

Atlanticus Trading Up 6.5%

Shares of ATLC opened at $88.56 on Wednesday. The stock’s 50-day moving average is $68.34 and its two-hundred day moving average is $61.91. The stock has a market cap of $1.34 billion, a PE ratio of 13.22 and a beta of 2.14. Atlanticus Holdings Corporation has a 12 month low of $45.74 and a 12 month high of $89.00. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.54. The company had revenue of $679.59 million for the quarter, compared to analysts’ expectations of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. Equities analysts forecast that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current fiscal year.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.