Empowered Funds LLC Grows Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Empowered Funds LLC raised its position in E2open Parent Holdings, Inc. (NYSE:ETWO) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,070,416 shares of the company’s stock after acquiring an additional 52,411 shares during the quarter. Empowered Funds LLC’s holdings in E2open Parent were worth $2,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ETWO. State Street Corp lifted its position in shares of E2open Parent by 5.1% during the 3rd quarter. State Street Corp now owns 4,837,532 shares of the company’s stock worth $21,334,000 after purchasing an additional 233,292 shares during the last quarter. Geode Capital Management LLC lifted its holdings in E2open Parent by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock worth $20,892,000 after buying an additional 759,398 shares during the last quarter. Gagnon Securities LLC lifted its holdings in E2open Parent by 37.6% during the 4th quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock worth $5,806,000 after buying an additional 596,425 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of E2open Parent by 593.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock worth $8,644,000 after acquiring an additional 1,677,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of E2open Parent by 25.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock valued at $7,660,000 after acquiring an additional 349,951 shares during the last quarter.

E2open Parent Trading Up 0.2 %

NYSE:ETWO opened at $2.80 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. E2open Parent Holdings, Inc. has a 52-week low of $2.49 and a 52-week high of $5.07. The stock’s 50 day moving average price is $2.75 and its 200 day moving average price is $3.41. The company has a market capitalization of $959.36 million, a PE ratio of -1.88, a P/E/G ratio of 1.23 and a beta of 1.00.

E2open Parent (NYSE:ETWO) last announced its earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. On average, research analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ETWO shares. The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $3.50 to $2.90 in a research note on Wednesday, December 11th. Loop Capital lowered their target price on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, December 23rd. Finally, Morgan Stanley dropped their target price on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th.

E2open Parent Company Profile

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.