Mesirow Financial Investment Management Inc. Has $180,000 Stake in Nu Holdings Ltd. (NYSE:NU)

Mesirow Financial Investment Management Inc. trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 18.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,347 shares of the company’s stock after selling 3,980 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in NU were worth $180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Piscataqua Savings Bank increased its holdings in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares in the last quarter. Huntington National Bank increased its holdings in NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in NU during the 4th quarter valued at $62,000. Ethos Financial Group LLC acquired a new stake in NU during the 4th quarter valued at $82,000. Finally, Quarry LP increased its holdings in NU by 104.8% during the 3rd quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after purchasing an additional 4,037 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 1.7 %

NYSE:NU opened at $10.83 on Monday. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $51.63 billion, a P/E ratio of 27.08, a P/E/G ratio of 0.48 and a beta of 1.14. The stock’s fifty day simple moving average is $11.98 and its 200-day simple moving average is $13.08.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

NU has been the topic of a number of recent research reports. Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. decreased their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NU has an average rating of “Hold” and a consensus price target of $15.47.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.