Cruiser Capital Advisors LLC Invests $304,000 in Groupon, Inc. (NASDAQ:GRPN)

Cruiser Capital Advisors LLC bought a new stake in Groupon, Inc. (NASDAQ:GRPN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 25,000 shares of the coupon company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Groupon during the 4th quarter worth about $26,000. Picton Mahoney Asset Management boosted its holdings in Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock valued at $30,000 after purchasing an additional 992 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Groupon in the fourth quarter valued at approximately $41,000. Amundi raised its holdings in Groupon by 35.5% during the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock worth $47,000 after purchasing an additional 1,006 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after buying an additional 2,888 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GRPN shares. The Goldman Sachs Group increased their target price on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Friday, March 14th. Ascendiant Capital Markets lifted their target price on Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.75.

Groupon Stock Up 5.3 %

Shares of NASDAQ:GRPN opened at $17.99 on Tuesday. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $716.20 million, a P/E ratio of 35.28 and a beta of 1.41. Groupon, Inc. has a 1-year low of $7.75 and a 1-year high of $18.47. The firm has a fifty day moving average price of $12.11 and a 200 day moving average price of $11.22.

Groupon Company Profile

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.