Anthracite Investment Company Inc. Purchases Shares of 185,000 PagSeguro Digital Ltd. (NYSE:PAGS)

Anthracite Investment Company Inc. bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 185,000 shares of the company’s stock, valued at approximately $1,158,000.

Several other institutional investors have also recently added to or reduced their stakes in PAGS. Robeco Institutional Asset Management B.V. raised its position in shares of PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock worth $39,770,000 after purchasing an additional 874,777 shares during the period. State Street Corp grew its stake in PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after purchasing an additional 1,990,849 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of PagSeguro Digital during the 3rd quarter valued at $38,151,000. Geode Capital Management LLC raised its stake in shares of PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after purchasing an additional 1,113,103 shares during the period. Finally, JPMorgan Chase & Co. raised its position in PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after acquiring an additional 999,237 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Trading Down 0.2 %

PAGS stock opened at $8.27 on Wednesday. The company’s 50 day moving average is $7.56 and its 200 day moving average is $7.70. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PAGS shares. Citigroup restated a “neutral” rating and issued a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PagSeguro Digital has a consensus rating of “Moderate Buy” and an average price target of $12.33.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.