Loyalty Ventures Inc. (NASDAQ:LYLT – Get Rating) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 1,490,000 shares, a drop of 12.9% from the December 31st total of 1,710,000 shares. Currently, 7.7% of the shares of the stock are sold short. Based on an average daily volume of 798,000 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. purchased a new position in shares of Loyalty Ventures in the second quarter worth $5,300,000. AQR Capital Management LLC boosted its holdings in Loyalty Ventures by 349.1% in the second quarter. AQR Capital Management LLC now owns 761,976 shares of the company's stock valued at $2,697,000 after acquiring an additional 592,305 shares in the last quarter. State Street Corp boosted its holdings in Loyalty Ventures by 18.8% in the second quarter. State Street Corp now owns 699,674 shares of the company's stock valued at $2,498,000 after acquiring an additional 110,624 shares in the last quarter. Millennium Management LLC boosted its holdings in Loyalty Ventures by 398.1% in the second quarter. Millennium Management LLC now owns 433,177 shares of the company's stock valued at $1,546,000 after acquiring an additional 346,209 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in Loyalty Ventures by 1,166.0% in the second quarter. Walleye Capital LLC now owns 306,373 shares of the company's stock valued at $1,094,000 after acquiring an additional 282,173 shares in the last quarter. 63.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on LYLT shares. Needham & Company LLC decreased their price target on shares of Loyalty Ventures from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Wednesday, November 9th. Morgan Stanley decreased their price target on shares of Loyalty Ventures from $4.00 to $2.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 4th.

Loyalty Ventures Trading Up 3.4 %

Loyalty Ventures (NASDAQ:LYLT – Get Rating) last issued its earnings results on Tuesday, November 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). Loyalty Ventures had a positive return on equity of 8.58% and a negative net margin of 68.27%. The firm had revenue of $162.37 million during the quarter, compared to analysts' expectations of $158.40 million. As a group, analysts predict that Loyalty Ventures will post -0.58 earnings per share for the current fiscal year.

About Loyalty Ventures

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Loyalty Ventures Inc provides consumer loyalty solutions. The company owns and operates the AIR MILES Reward Program, an end-to-end loyalty platform; and BrandLoyalty, a campaign-based loyalty solution for grocers and other high-frequency retailers. It also offers marketing, customer, and rewards and redemption management services for sponsors.

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