AtonRa Partners Decreases Holdings in LendingClub Co. (NYSE:LC)

AtonRa Partners lowered its position in LendingClub Co. (NYSE:LC) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,333 shares of the credit services provider’s stock after selling 5,847 shares during the period. AtonRa Partners’ holdings in LendingClub were worth $160,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LC. Jacobs Levy Equity Management Inc. raised its position in LendingClub by 526.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,884,751 shares of the credit services provider’s stock worth $11,497,000 after acquiring an additional 1,583,882 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of LendingClub by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 832,017 shares of the credit services provider’s stock worth $5,075,000 after purchasing an additional 31,159 shares during the last quarter. American Century Companies Inc. lifted its stake in LendingClub by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 776,505 shares of the credit services provider’s stock valued at $4,737,000 after buying an additional 193,455 shares in the last quarter. Nordea Investment Management AB grew its holdings in LendingClub by 190.8% during the 3rd quarter. Nordea Investment Management AB now owns 609,966 shares of the credit services provider’s stock valued at $3,733,000 after buying an additional 400,189 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in LendingClub during the third quarter worth $2,970,000. 74.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on LC shares. StockNews.com lowered LendingClub from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Wedbush reaffirmed an “outperform” rating and set a $11.00 price target on shares of LendingClub in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.30.

LendingClub Stock Down 3.3 %

NYSE LC traded down $0.26 during trading hours on Tuesday, hitting $7.55. The company had a trading volume of 426,971 shares, compared to its average volume of 1,406,142. The firm’s 50 day moving average is $8.18 and its 200 day moving average is $7.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.89 and a quick ratio of 0.83. LendingClub Co. has a fifty-two week low of $4.73 and a fifty-two week high of $10.92. The company has a market capitalization of $838.96 million, a price-to-earnings ratio of 21.72 and a beta of 1.98.

LendingClub (NYSE:LC) last posted its earnings results on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $185.60 million during the quarter, compared to analyst estimates of $182.13 million. LendingClub had a return on equity of 3.21% and a net margin of 4.50%. The company’s revenue for the quarter was down 29.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Sell-side analysts anticipate that LendingClub Co. will post 0.23 earnings per share for the current fiscal year.

About LendingClub

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.