Cubist Systematic Strategies LLC bought a new stake in Bankrate Inc (NYSE:RATE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,687 shares of the bank’s stock, valued at approximately $289,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LMR Partners LLP purchased a new stake in Bankrate during the third quarter valued at about $201,000. Oppenheimer & Co. Inc. boosted its position in Bankrate by 3.0% during the second quarter. Oppenheimer & Co. Inc. now owns 16,615 shares of the bank’s stock valued at $214,000 after buying an additional 477 shares during the period. Koch Industries Inc. purchased a new stake in Bankrate during the second quarter valued at about $237,000. Royal Bank of Canada boosted its holdings in shares of Bankrate by 966.6% during the second quarter. Royal Bank of Canada now owns 19,529 shares of the bank’s stock worth $251,000 after purchasing an additional 17,698 shares during the period. Finally, Berkley W R Corp purchased a new stake in shares of Bankrate during the third quarter worth about $300,000. 47.31% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub lowered shares of Bankrate from a “sell” rating to a “strong sell” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.00.
Bankrate Inc (NYSE RATE) opened at $14.00 on Friday. Bankrate Inc has a one year low of $8.55 and a one year high of $14.25. The stock has a market cap of $1,260.00, a PE ratio of -56.00 and a beta of 1.64. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.44.
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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.
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