Bankrate, Inc. (NYSE:RATE) Holdings Lifted by AHL Partners LLP

AHL Partners LLP increased its holdings in shares of Bankrate, Inc. (NYSE:RATE) by 54.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,363 shares of the bank’s stock after acquiring an additional 22,467 shares during the quarter. AHL Partners LLP owned about 0.07% of Bankrate worth $814,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RATE. Dimensional Fund Advisors LP boosted its stake in Bankrate by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,931,727 shares of the bank’s stock valued at $50,522,000 after purchasing an additional 330,048 shares during the period. Renaissance Technologies LLC lifted its position in shares of Bankrate by 6.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,403,000 shares of the bank’s stock valued at $13,539,000 after acquiring an additional 91,042 shares during the period. Oaktop Capital Management II L.P. bought a new stake in shares of Bankrate during the 2nd quarter valued at $14,501,000. Thrivent Financial For Lutherans lifted its position in shares of Bankrate by 905.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,014,059 shares of the bank’s stock valued at $13,031,000 after acquiring an additional 913,189 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Bankrate by 64.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 564,593 shares of the bank’s stock valued at $7,255,000 after acquiring an additional 220,712 shares during the period. 47.34% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Bankrate, Inc. (NYSE RATE) opened at 13.925 on Friday. The company’s market cap is $1.24 billion. The company’s 50 day moving average price is $13.91 and its 200 day moving average price is $12.61. Bankrate, Inc. has a 12 month low of $7.10 and a 12 month high of $14.25.

Bankrate (NYSE:RATE) last posted its quarterly earnings data on Monday, August 7th. The bank reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Bankrate had a positive return on equity of 6.50% and a negative net margin of 4.61%. The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $117.60 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities analysts expect that Bankrate, Inc. will post $0.70 EPS for the current fiscal year.

A number of research firms have recently weighed in on RATE. BidaskClub downgraded Bankrate from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Needham & Company LLC cut Bankrate from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Sidoti cut Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Monday, July 3rd. Zacks Investment Research cut Bankrate from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Stephens cut Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.33.

Bankrate Profile

Bankrate, Inc is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company’s segments include Banking, Credit Cards, Senior Care and Other.

Institutional Ownership by Quarter for Bankrate (NYSE:RATE)

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