Two Sigma Advisers LP increased its stake in shares of TrueCar Inc (NASDAQ:TRUE) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,046,210 shares of the technology company’s stock after acquiring an additional 20,081 shares during the quarter. Two Sigma Advisers LP owned about 1.05% of TrueCar worth $11,718,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of TRUE. SG Americas Securities LLC bought a new position in shares of TrueCar during the third quarter worth $104,000. Global Endowment Management LP bought a new position in shares of TrueCar during the fourth quarter worth $133,000. Quantitative Systematic Strategies LLC bought a new position in shares of TrueCar during the fourth quarter worth $190,000. MANA Advisors LLC bought a new position in shares of TrueCar during the fourth quarter worth $208,000. Finally, Vident Investment Advisory LLC bought a new position in shares of TrueCar during the third quarter worth $237,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.
In related news, SVP John Pierantoni sold 2,494 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total transaction of $28,157.26. Following the sale, the senior vice president now owns 57,513 shares of the company’s stock, valued at $649,321.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 5,227 shares of company stock worth $59,857. 15.50% of the stock is owned by insiders.
Shares of TRUE stock opened at $9.32 on Friday. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 0.09. TrueCar Inc has a 12 month low of $9.31 and a 12 month high of $21.75.
TrueCar (NASDAQ:TRUE) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $83.13 million for the quarter, compared to the consensus estimate of $81.72 million. TrueCar had a negative net margin of 10.16% and a negative return on equity of 8.70%. TrueCar’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. research analysts forecast that TrueCar Inc will post -0.25 earnings per share for the current year.
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TrueCar Company Profile
TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.
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