Mesirow Financial Investment Management Inc. Sells 3,980 Shares of Nu Holdings Ltd. (NYSE:NU)

Mesirow Financial Investment Management Inc. cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 18.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 17,347 shares of the company’s stock after selling 3,980 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in NU were worth $180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of NU by 315.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock valued at $15,745,000 after purchasing an additional 876,039 shares during the period. Fiera Capital Corp acquired a new stake in shares of NU in the 3rd quarter valued at about $3,045,000. Verdence Capital Advisors LLC raised its stake in shares of NU by 13.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 40,167 shares of the company’s stock valued at $548,000 after purchasing an additional 4,606 shares during the period. Assetmark Inc. raised its stake in shares of NU by 46.5% in the 3rd quarter. Assetmark Inc. now owns 15,275 shares of the company’s stock valued at $209,000 after purchasing an additional 4,848 shares during the period. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in shares of NU in the 3rd quarter valued at about $187,000. 84.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on NU shares. The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lowered their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, KeyCorp lifted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NU has a consensus rating of “Hold” and an average target price of $15.47.

NU Price Performance

Shares of NYSE NU opened at $10.83 on Monday. The business’s 50 day moving average price is $11.98 and its two-hundred day moving average price is $13.08. The company has a market cap of $51.63 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. On average, analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.