Anthracite Investment Company Inc. Takes $1.76 Million Position in Nu Holdings Ltd. (NYSE:NU)

Anthracite Investment Company Inc. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 170,000 shares of the company’s stock, valued at approximately $1,761,000.

Other hedge funds have also recently bought and sold shares of the company. Piscataqua Savings Bank raised its stake in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in shares of NU in the 4th quarter valued at about $52,000. Whipplewood Advisors LLC purchased a new stake in shares of NU during the fourth quarter worth approximately $62,000. Ethos Financial Group LLC purchased a new position in NU in the fourth quarter worth approximately $82,000. Finally, Berbice Capital Management LLC acquired a new position in NU during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

NU stock opened at $11.39 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $54.28 billion, a P/E ratio of 28.48, a PEG ratio of 0.48 and a beta of 1.14. The business has a 50 day simple moving average of $12.08 and a 200-day simple moving average of $12.81. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Barclays cut their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.47.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.