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.
Get
Loyalty Ventures alerts:
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 %
Shares of LYLT stock traded up $0.07 during trading hours on Friday, hitting $2.10. 486,397 shares of the company's stock were exchanged, compared to its average volume of 445,993. Loyalty Ventures has a 12-month low of $0.71 and a 12-month high of $30.56. The business's 50 day simple moving average is $2.18 and its 200-day simple moving average is $2.09.
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
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Loyalty Ventures (LYLT)
- MarketBeat Week in Review – 1/23- 1/27
- Why Lucid Spiked Nearly 100% In One Day
- Ride These Railroad Stocks for Growth and Income
- ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
- KLA Corporation: Strength In A Troubled Semi-Market
Receive News & Ratings for Loyalty Ventures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loyalty Ventures and related companies with MarketBeat.com's FREE daily email newsletter.
