Hillman Co. Decreases Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Hillman Co. cut its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 13.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 395,784 shares of the company’s stock after selling 62,798 shares during the quarter. Peloton Interactive accounts for 0.8% of Hillman Co.’s portfolio, making the stock its 11th largest position. Hillman Co. owned 0.11% of Peloton Interactive worth $1,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors boosted its stake in Peloton Interactive by 17.6% during the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after acquiring an additional 3,925,000 shares during the last quarter. Norges Bank acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $20,824,000. DNB Asset Management AS raised its holdings in shares of Peloton Interactive by 31.7% during the fourth quarter. DNB Asset Management AS now owns 8,386,903 shares of the company’s stock worth $51,076,000 after purchasing an additional 2,020,159 shares during the period. Patient Capital Management LLC raised its holdings in shares of Peloton Interactive by 32.7% during the fourth quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock worth $37,735,000 after purchasing an additional 1,527,471 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Peloton Interactive by 612.1% during the third quarter. AQR Capital Management LLC now owns 1,235,350 shares of the company’s stock worth $6,239,000 after purchasing an additional 1,061,868 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded down $0.04 during trading hours on Thursday, hitting $3.42. 923,414 shares of the company’s stock traded hands, compared to its average volume of 15,604,537. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $9.87. The company’s fifty day simple moving average is $3.56 and its two-hundred day simple moving average is $4.47. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -1.63 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The firm had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. During the same period last year, the business posted ($0.79) EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Peloton Interactive, Inc. will post -1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Oppenheimer reissued an “outperform” rating on shares of Peloton Interactive in a report on Tuesday, May 7th. Citigroup cut shares of Peloton Interactive from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.00 to $4.00 in a report on Monday, May 6th. Macquarie dropped their price objective on shares of Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating on the stock in a report on Friday, May 3rd. The Goldman Sachs Group dropped their price objective on shares of Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Morgan Stanley began coverage on shares of Peloton Interactive in a report on Monday, March 11th. They issued an “equal weight” rating and a $3.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $5.09.

Insiders Place Their Bets

In other Peloton Interactive news, CEO Chris Bruzzo sold 14,936 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total value of $54,068.32. Following the completion of the transaction, the chief executive officer now directly owns 38,680 shares in the company, valued at $140,021.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Peloton Interactive news, CEO Chris Bruzzo sold 14,936 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total value of $54,068.32. Following the completion of the transaction, the chief executive officer now directly owns 38,680 shares in the company, valued at $140,021.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew S. Rendich sold 27,741 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $3.91, for a total transaction of $108,467.31. Following the completion of the transaction, the insider now owns 113,288 shares of the company’s stock, valued at $442,956.08. The disclosure for this sale can be found here. Insiders sold a total of 51,600 shares of company stock worth $195,372 over the last ninety days. 3.28% of the stock is currently owned by company insiders.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.