Bernzott Capital Advisors Has $26.01 Million Holdings in LendingTree, Inc. (NASDAQ:TREE)

Bernzott Capital Advisors grew its stake in shares of LendingTree, Inc. (NASDAQ:TREEGet Rating) by 38.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,358 shares of the financial services provider’s stock after acquiring an additional 60,154 shares during the period. LendingTree accounts for 2.4% of Bernzott Capital Advisors’ holdings, making the stock its 18th largest position. Bernzott Capital Advisors owned about 1.68% of LendingTree worth $26,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Bouvel Investment Partners LLC lifted its position in LendingTree by 1.7% during the first quarter. Bouvel Investment Partners LLC now owns 6,064 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 104 shares during the last quarter. AlphaCrest Capital Management LLC raised its position in shares of LendingTree by 8.5% in the fourth quarter. AlphaCrest Capital Management LLC now owns 1,839 shares of the financial services provider’s stock valued at $225,000 after buying an additional 144 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of LendingTree by 2.8% in the third quarter. Segall Bryant & Hamill LLC now owns 15,651 shares of the financial services provider’s stock valued at $2,189,000 after buying an additional 421 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of LendingTree by 22.8% in the fourth quarter. Teacher Retirement System of Texas now owns 2,328 shares of the financial services provider’s stock valued at $285,000 after buying an additional 432 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of LendingTree by 15.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,410 shares of the financial services provider’s stock valued at $541,000 after buying an additional 578 shares in the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.

TREE has been the subject of a number of analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of LendingTree in a research report on Monday, March 28th. Northland Securities downgraded shares of LendingTree from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a research report on Friday, May 6th. Susquehanna dropped their price target on shares of LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. Needham & Company LLC dropped their price target on shares of LendingTree from $105.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, June 24th. Finally, Truist Financial dropped their price target on shares of LendingTree from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, June 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.50.

Shares of NASDAQ:TREE opened at $46.70 on Thursday. The company’s 50 day simple moving average is $64.36 and its 200 day simple moving average is $99.10. The stock has a market capitalization of $596.17 million, a price-to-earnings ratio of 16.50 and a beta of 1.62. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.18 and a quick ratio of 1.18. LendingTree, Inc. has a 1 year low of $47.34 and a 1 year high of $222.23.

LendingTree (NASDAQ:TREEGet Rating) last posted its earnings results on Thursday, May 5th. The financial services provider reported ($0.62) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.40. The firm had revenue of $283.18 million for the quarter, compared to analysts’ expectations of $283.65 million. LendingTree had a net margin of 3.54% and a negative return on equity of 4.84%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. As a group, analysts anticipate that LendingTree, Inc. will post -2.07 EPS for the current fiscal year.

In related news, Director Mark A. Ernst bought 10,000 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were purchased at an average price of $65.67 per share, with a total value of $656,700.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $656,700. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 16.70% of the company’s stock.

LendingTree Company Profile (Get Rating)

LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

See Also

Want to see what other hedge funds are holding TREE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LendingTree, Inc. (NASDAQ:TREEGet Rating).

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

Receive News & Ratings for LendingTree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree and related companies with MarketBeat.com's FREE daily email newsletter.