WINTON GROUP Ltd Decreases Holdings in MINDBODY Inc (MB)

WINTON GROUP Ltd reduced its position in shares of MINDBODY Inc (NASDAQ:MB) by 23.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,528 shares of the technology company’s stock after selling 1,721 shares during the quarter. WINTON GROUP Ltd’s holdings in MINDBODY were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. California Public Employees Retirement System acquired a new stake in shares of MINDBODY during the 2nd quarter valued at $313,000. DF Dent & Co. Inc. acquired a new stake in shares of MINDBODY during the 2nd quarter valued at $826,000. Arrowgrass Capital Partners US LP acquired a new stake in shares of MINDBODY during the 2nd quarter valued at $4,439,000. Aristeia Capital LLC acquired a new stake in shares of MINDBODY during the 2nd quarter valued at $2,885,000. Finally, Institutional Venture Management XIII LLC lifted its position in shares of MINDBODY by 0.5% during the 2nd quarter. Institutional Venture Management XIII LLC now owns 2,655,365 shares of the technology company’s stock valued at $102,497,000 after acquiring an additional 13,333 shares during the last quarter. 96.82% of the stock is owned by hedge funds and other institutional investors.

NASDAQ MB opened at $38.05 on Tuesday. MINDBODY Inc has a 1-year low of $27.60 and a 1-year high of $45.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 9.61 and a current ratio of 9.61. The firm has a market capitalization of $1.94 billion, a PE ratio of -126.83 and a beta of -0.20.

MINDBODY (NASDAQ:MB) last posted its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.04). MINDBODY had a negative return on equity of 6.83% and a negative net margin of 11.85%. The company had revenue of $61.61 million during the quarter, compared to analyst estimates of $60.48 million. On average, sell-side analysts predict that MINDBODY Inc will post -0.63 EPS for the current year.

A number of research firms have recently issued reports on MB. DA Davidson increased their target price on MINDBODY to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. BidaskClub lowered MINDBODY from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. KeyCorp restated a “buy” rating and issued a $47.00 target price on shares of MINDBODY in a report on Wednesday, August 1st. TheStreet upgraded MINDBODY from a “d+” rating to a “c” rating in a report on Monday, June 18th. Finally, Morgan Stanley reduced their target price on MINDBODY from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, August 1st. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.20.

In other MINDBODY news, CEO Richard Lee Stollmeyer sold 17,739 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $40.59, for a total transaction of $720,026.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Luxor Capital Group, Lp bought 65,019 shares of the stock in a transaction on Wednesday, August 1st. The shares were acquired at an average cost of $34.86 per share, for a total transaction of $2,266,562.34. The disclosure for this purchase can be found here. Insiders sold 66,055 shares of company stock worth $2,473,395 over the last ninety days. 6.02% of the stock is currently owned by company insiders.

MINDBODY Profile

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.

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Institutional Ownership by Quarter for MINDBODY (NASDAQ:MB)

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