PagSeguro Digital Ltd (PAGS) Position Reduced by Park West Asset Management LLC

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Park West Asset Management LLC lowered its position in shares of PagSeguro Digital Ltd (NYSE:PAGS) by 62.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,845 shares of the company’s stock after selling 711,055 shares during the period. Park West Asset Management LLC owned 0.35% of PagSeguro Digital worth $7,976,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Intellectus Partners LLC lifted its holdings in shares of PagSeguro Digital by 72.6% in the 4th quarter. Intellectus Partners LLC now owns 5,350 shares of the company’s stock worth $100,000 after acquiring an additional 2,250 shares during the last quarter. GSA Capital Partners LLP bought a new stake in PagSeguro Digital during the 4th quarter valued at $206,000. LPL Financial LLC bought a new stake in PagSeguro Digital during the 4th quarter valued at $224,000. Bank of New York Mellon Corp bought a new stake in PagSeguro Digital during the 4th quarter valued at $262,000. Finally, Albert D Mason Inc. bought a new stake in PagSeguro Digital during the 4th quarter valued at $297,000.

Shares of PagSeguro Digital stock opened at $30.05 on Thursday. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 0.92 and a beta of 1.16. PagSeguro Digital Ltd has a 12-month low of $17.02 and a 12-month high of $39.97.

A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. UBS Group upgraded shares of PagSeguro Digital from an “underperform” rating to a “neutral” rating in a report on Friday, December 7th. Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, November 27th. Guggenheim assumed coverage on shares of PagSeguro Digital in a report on Wednesday, January 9th. They set a “neutral” rating and a $21.65 price target for the company. Finally, KeyCorp lowered their price target on shares of PagSeguro Digital from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, November 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $32.33.

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About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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