12 HEDGE FUNDS BUY USA TECHNOLOGIES, INC. (NASDAQ:USAT) FOR THE FIRST TIME
April 3, 2017
USA Technologies, Inc. (NASDAQ:USAT) reached 21.43% versus a 1-year low price of $3.5. The stock was last seen 2.41% higher, reaching at $4.25 on Mar. 31, 2017. At recent session, the prices were hovering between $4.1 and $4.25. This company shares are 47.06% off its target price of $6.25 and the current market capitalization stands at $169.28M. The recent change has given its price a 1.77% lead over SMA 50 and -26.85% deficit over its 52-week high. The stock witnessed 1.19% gains, -1.16% declines and -26.09% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found USAT’s volatility during a week at 3.23% and during a month it has been found around 4.55%.
USA Technologies, Inc. (USAT) Top Holders
Institutional investors currently hold around $73 million or 43.4% in USAT stock. Look at its top three institutional owners. William Blair Investment Management, Llc owns $7.61 million in USA Technologies, Inc., which represents roughly 4.49% of the company’s market cap and approximately 10.42% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,394,317 shares of the stock are valued at $5.93 million. The third largest holder is Next Century Growth Investors Llc, which currently holds $5.58 million worth of this stock and that ownership represents nearly 3.29% of its market capitalization.
USA Technologies, Inc. 13F Filings
At the end of December 2016 reporting period, 42 institutional holders increased their position in USA Technologies, Inc. (NASDAQ:USAT) by some 2,647,666 shares, 35 decreased positions by 2,469,857 and 18 held positions by 12,127,790. That puts total institutional holdings at 17,245,313 shares, according to SEC filings. The stock grabbed 12 new institutional investments totaling 605,062 shares while 13 institutional investors sold out their entire positions totaling 1,456,686 shares.
New 13F's will be out for the first Q on May 15th
