12 West Capital Management Lp adds Bankrate Inc (RATE) to its portfolio

Bankrate Inc (RATE) : 12 West Capital Management Lp added new position in Bankrate Inc during the most recent quarter end. The investment management firm now holds 1,404,323 shares of Bankrate Inc which is valued at $11,543,535 , the company said in a statement filed on Aug 15, 2016 with the SEC.Bankrate Inc makes up approximately 1.48% of 12 West Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in RATE by selling 27,771 shares or 69.19% in the most recent quarter. The Hedge Fund company now holds 12,368 shares of RATE which is valued at $101,665. Bankrate Inc makes up approx 0.01% of Cubist Systematic Strategies’s portfolio. Sabal Capital Management sold out all of its stake in RATE during the most recent quarter. The investment firm sold 544,781 shares of RATE which is valued $4,478,100. Quadrature Capital Ltd added RATE to its portfolio by purchasing 46,017 company shares during the most recent quarter which is valued at $378,260. Bankrate Inc makes up approx 0.03% of Quadrature Capital Ltd’s portfolio. Systematic Financial Management Lp added RATE to its portfolio by purchasing 236,705 company shares during the most recent quarter which is valued at $2,033,296. Bankrate Inc makes up approx 0.03% of Systematic Financial Management Lp’s portfolio. Global X Management Co added RATE to its portfolio by purchasing 726 company shares during the most recent quarter which is valued at $5,931.

Bankrate Inc closed down -0.05 points or -0.64% at $7.79 with 4,74,349 shares getting traded on Thursday. Post opening the session at $7.86, the shares hit an intraday low of $7.71 and an intraday high of $7.93 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Bankrate Inc reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.10. The company had revenue of $98.30 million for the quarter, compared to analysts expectations of $95.81 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Bankrate Inc. Loop Capital Initiated Bankrate Inc on Aug 11, 2016 to “Hold”, Price Target of the shares are set at $9.Compass Point Initiated Bankrate Inc on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $9.

Bankrate Inc. (Bankrate) is a publisher aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories including mortgages deposits insurance credit cards senior care and other personal finance categories. It operates through segments including Banking Credit Cards Insurance and Other. Through its Bankrate.com brand it provides consumer inquiries to advertisers that are listed in its mortgage and deposit rate tables and that hyperlink their listings. It provides consumer inquiries to credit card issuers and principally record sales after the credit card issuers approve the consumer’s credit application primarily through its Credi

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