Arbiter Partners Capital Management LLC Purchases New Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Arbiter Partners Capital Management LLC acquired a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 39,000 shares of the company’s stock, valued at approximately $1,096,000. PagSeguro Digital comprises about 0.7% of Arbiter Partners Capital Management LLC’s portfolio, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of PagSeguro Digital in the 4th quarter worth about $66,000. Cerity Partners LLC purchased a new position in PagSeguro Digital during the fourth quarter valued at approximately $254,000. Aristides Capital LLC purchased a new position in shares of PagSeguro Digital during the 4th quarter valued at $191,000. Nutshell Asset Management Ltd purchased a new position in PagSeguro Digital during the fourth quarter worth about $188,000. Finally, Russell Investments Group Ltd. increased its position in shares of PagSeguro Digital by 51.6% in the fourth quarter. Russell Investments Group Ltd. now owns 617,033 shares of the company’s stock worth $3,827,000 after purchasing an additional 210,121 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PAGS shares. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Citigroup reaffirmed a “neutral” rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.63.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $7.83 on Tuesday. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82. The firm has a 50-day moving average of $7.78 and a 200 day moving average of $7.62. The stock has a market cap of $2.58 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $875.27 million for the quarter, compared to the consensus estimate of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Research analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

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.