Contrarius Investment Management Ltd Has $five.4five Million Position at Despegar.Com Corp (DESP) #Despegar_ComFebruary 12, 2019
The institutional investor owned 438,732 shares of the company’s stock after selling 223,804 shares during the quarter.
Global Thematic Partners LLC boosted its stake in shares of Despegar.com by 118.2% in the third quarter.
Schroder Investment Management Group purchased a new stake in Despegar.com during the second quarter worth $11,876,000.
Finally, Rockshelter Capital Management LLC purchased a new stake in Despegar.com during the third quarter worth $6,400,000.
DESP has been the topic of a number of research analyst reports.
Zacks Investment Research downgraded Despegar.com from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th.
Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company.
During the same quarter in the previous year, the firm posted $0.21 earnings per share.
The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year.
As a group, equities analysts predict that Despegar.com Corp will post 0.3 EPS for the current year.