Tyro Capital Management LLC Acquires 69,378 Shares of Groupon, Inc. $GRPN

Tyro Capital Management LLC increased its holdings in Groupon, Inc. (NASDAQ:GRPN) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,091,095 shares of the coupon company’s stock after purchasing an additional 69,378 shares during the quarter. Groupon makes up 9.5% of Tyro Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Tyro Capital Management LLC owned approximately 2.70% of Groupon worth $25,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GRPN. Bank of America Corp DE lifted its holdings in Groupon by 552.5% during the 2nd quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock worth $38,017,000 after buying an additional 962,337 shares during the period. Continental General Insurance Co. grew its position in shares of Groupon by 28.3% in the 2nd quarter. Continental General Insurance Co. now owns 2,929,832 shares of the coupon company’s stock valued at $98,003,000 after buying an additional 647,100 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Groupon by 59.4% in the second quarter. Marshall Wace LLP now owns 1,167,422 shares of the coupon company’s stock valued at $39,050,000 after buying an additional 434,963 shares during the period. Vanguard Group Inc. increased its stake in shares of Groupon by 22.2% in the third quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock valued at $49,235,000 after buying an additional 383,277 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Groupon by 229.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 494,865 shares of the coupon company’s stock worth $16,553,000 after acquiring an additional 344,761 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Groupon in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.25.

Groupon Stock Performance

Shares of GRPN opened at $12.07 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 4.16. The firm’s fifty day simple moving average is $14.44 and its two-hundred day simple moving average is $18.27. Groupon, Inc. has a 12 month low of $9.21 and a 12 month high of $43.08. The stock has a market capitalization of $491.97 million, a P/E ratio of -3.46 and a beta of -0.02.

About Groupon

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.