Aigen Investment Management LP Takes Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

Aigen Investment Management LP bought a new position in Grocery Outlet Holding Corp. (NASDAQ:GO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 21,389 shares of the company’s stock, valued at approximately $334,000.

Other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. raised its position in shares of Grocery Outlet by 159.8% during the third quarter. Point72 Asset Management L.P. now owns 1,235,078 shares of the company’s stock valued at $21,676,000 after buying an additional 759,697 shares during the last quarter. Jane Street Group LLC grew its stake in Grocery Outlet by 357.7% during the third quarter. Jane Street Group LLC now owns 519,542 shares of the company’s stock valued at $9,118,000 after acquiring an additional 406,039 shares in the last quarter. Barclays PLC lifted its stake in Grocery Outlet by 1,224.1% in the 3rd quarter. Barclays PLC now owns 300,393 shares of the company’s stock worth $5,271,000 after purchasing an additional 277,706 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Grocery Outlet by 23.2% during the 3rd quarter. Victory Capital Management Inc. now owns 915,119 shares of the company’s stock valued at $16,060,000 after purchasing an additional 172,050 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Grocery Outlet by 14.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,170,470 shares of the company’s stock valued at $20,542,000 after purchasing an additional 147,312 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Erik D. Ragatz bought 165,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $12.25 per share, with a total value of $2,021,250.00. Following the transaction, the director now owns 201,500 shares of the company’s stock, valued at $2,468,375. The trade was a 452.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Lindsay E. Gray sold 2,741 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total value of $31,082.94. Following the completion of the transaction, the senior vice president now directly owns 41,448 shares of the company’s stock, valued at approximately $470,020.32. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 200,000 shares of company stock valued at $2,435,050 over the last three months. 4.50% of the stock is owned by company insiders.

Grocery Outlet Trading Up 13.6 %

Shares of NASDAQ GO opened at $13.10 on Friday. Grocery Outlet Holding Corp. has a twelve month low of $10.26 and a twelve month high of $29.13. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $15.55 and a two-hundred day simple moving average of $16.78. The firm has a market cap of $1.28 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 9.08 and a beta of 0.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GO shares. Deutsche Bank Aktiengesellschaft downgraded Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research report on Wednesday, February 26th. Bank of America reduced their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group lowered their price target on shares of Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price objective on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Grocery Outlet has a consensus rating of “Hold” and a consensus price target of $15.25.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.