WINTON GROUP Ltd Makes New $209,000 Investment in Vivid Seats Inc. (NASDAQ:SEAT)

WINTON GROUP Ltd purchased a new stake in Vivid Seats Inc. (NASDAQ:SEAT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 45,210 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds also recently modified their holdings of the company. Emeth Value Capital LLC bought a new position in Vivid Seats in the fourth quarter valued at about $23,250,000. Geode Capital Management LLC increased its stake in shares of Vivid Seats by 18.9% in the third quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock valued at $7,309,000 after buying an additional 314,482 shares during the period. FMR LLC raised its holdings in Vivid Seats by 3.4% in the 3rd quarter. FMR LLC now owns 5,970,058 shares of the company’s stock valued at $22,089,000 after buying an additional 195,625 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Vivid Seats by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock worth $2,723,000 after acquiring an additional 194,561 shares during the last quarter. Finally, Covalent Partners LLC increased its position in Vivid Seats by 66.7% in the 3rd quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock valued at $1,388,000 after acquiring an additional 150,000 shares during the period. Institutional investors and hedge funds own 39.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group cut their price target on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada reduced their price target on Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Benchmark lowered their price objective on Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Bank of America reiterated an “underperform” rating and issued a $2.60 target price (down from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Finally, Morgan Stanley lowered their price target on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Vivid Seats currently has a consensus rating of “Hold” and an average target price of $5.49.

Vivid Seats Trading Up 1.0 %

Vivid Seats stock opened at $2.96 on Tuesday. Vivid Seats Inc. has a 12-month low of $2.51 and a 12-month high of $6.09. The firm’s fifty day moving average is $3.90 and its 200 day moving average is $3.88. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Vivid Seats Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.