CenterBook Partners LP Acquires 182,878 Shares of Nu Holdings Ltd. $NU

by · The Markets Daily

CenterBook Partners LP increased its position in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 360.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 233,562 shares of the company’s stock after buying an additional 182,878 shares during the period. CenterBook Partners LP’s holdings in NU were worth $3,910,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC raised its stake in NU by 4.8% during the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after buying an additional 599 shares during the last quarter. Parallel Advisors LLC raised its stake in NU by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock worth $282,000 after buying an additional 601 shares during the last quarter. MBM Wealth Consultants LLC raised its stake in NU by 1.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after buying an additional 607 shares during the last quarter. Cornerstone Wealth Group LLC raised its stake in NU by 1.2% during the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after buying an additional 621 shares during the last quarter. Finally, Euro Pacific Asset Management LLC raised its stake in NU by 0.3% during the fourth quarter. Euro Pacific Asset Management LLC now owns 233,618 shares of the company’s stock worth $3,642,000 after buying an additional 708 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 3.2%

NYSE:NU opened at $11.58 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $56.25 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.48 and a beta of 0.95. The firm has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $15.50. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98.

NU (NYSE:NU – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

NU announced that its board has approved a share repurchase program on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NU. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 target price for the company. in a research note on Wednesday, June 3rd. CICC Research began coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. UBS Group lowered their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Susquehanna downgraded shares of NU from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.08.

View Our Latest Analysis on NU

Insiders Place Their Bets

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

NU Profile

(Free Report)

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.

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