Acadian Asset Management LLC Boosts Position in RCI Hospitality Holdings, Inc. (NASDAQ:RICK)

Acadian Asset Management LLC boosted its stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 17.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,500 shares of the restaurant operator’s stock after buying an additional 41,890 shares during the period. Acadian Asset Management LLC owned 2.95% of RCI Hospitality Holdings worth $6,831,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RICK. Russell Investments Group Ltd. raised its stake in RCI Hospitality Holdings by 15.6% in the second quarter. Russell Investments Group Ltd. now owns 35,594 shares of the restaurant operator’s stock valued at $849,000 after buying an additional 4,806 shares during the period. PEAK6 Investments L.P. raised its stake in RCI Hospitality Holdings by 56.4% in the first quarter. PEAK6 Investments L.P. now owns 19,918 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 7,181 shares during the period. Renaissance Technologies LLC raised its stake in RCI Hospitality Holdings by 1.2% in the first quarter. Renaissance Technologies LLC now owns 592,000 shares of the restaurant operator’s stock valued at $10,253,000 after buying an additional 7,200 shares during the period. Geode Capital Management LLC raised its stake in RCI Hospitality Holdings by 16.8% in the first quarter. Geode Capital Management LLC now owns 52,575 shares of the restaurant operator’s stock valued at $910,000 after buying an additional 7,574 shares during the period. Finally, Vanguard Group Inc. raised its stake in RCI Hospitality Holdings by 1.1% in the first quarter. Vanguard Group Inc. now owns 444,667 shares of the restaurant operator’s stock valued at $7,702,000 after buying an additional 4,846 shares during the period. Institutional investors own 40.29% of the company’s stock.

Shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) traded down 3.48% during midday trading on Friday, hitting $25.23. 105,692 shares of the company were exchanged. The firm’s 50 day moving average price is $23.50 and its 200 day moving average price is $19.56. RCI Hospitality Holdings, Inc. has a one year low of $10.58 and a one year high of $26.85. The firm has a market capitalization of $245.19 million, a price-to-earnings ratio of 25.72 and a beta of 0.25.

RCI Hospitality Holdings (NASDAQ:RICK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.04. RCI Hospitality Holdings had a net margin of 7.84% and a return on equity of 10.75%. The company had revenue of $37.43 million for the quarter, compared to the consensus estimate of $37.64 million. During the same quarter in the previous year, the company earned $0.34 EPS. Analysts forecast that RCI Hospitality Holdings, Inc. will post $1.44 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Acadian Asset Management LLC Boosts Position in RCI Hospitality Holdings, Inc. (NASDAQ:RICK)” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://stocknewstimes.com/2017/08/12/rci-hospitality-holdings-inc-nasdaqrick-shares-bought-by-acadian-asset-management-llc-updated.html.

Several research firms have weighed in on RICK. Zacks Investment Research upgraded shares of RCI Hospitality Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday. Westpark Capital set a $30.00 target price on shares of RCI Hospitality Holdings and gave the stock a “buy” rating in a report on Thursday.

About RCI Hospitality Holdings

Institutional Ownership by Quarter for RCI Hospitality Holdings (NASDAQ:RICK)

Receive News & Ratings for RCI Hospitality Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply