Leonard Capital Management Inc Lowers stake in RetailMeNot Inc (SALE)

RetailMeNot Inc (SALE) : Leonard Capital Management Inc reduced its stake in RetailMeNot Inc by 46.67% during the most recent quarter end. The investment management company now holds a total of 104,000 shares of RetailMeNot Inc which is valued at $735,280 after selling 91,000 shares in RetailMeNot Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.RetailMeNot Inc makes up approximately 1.52% of Leonard Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in SALE in the latest quarter, The investment management firm added 830 additional shares and now holds a total of 3,550 shares of RetailMeNot Inc which is valued at $25,099.Blackrock Group Ltd boosted its stake in SALE in the latest quarter, The investment management firm added 4,690 additional shares and now holds a total of 7,700 shares of RetailMeNot Inc which is valued at $54,439.Engineers Gate Manager Lp boosted its stake in SALE in the latest quarter, The investment management firm added 25,352 additional shares and now holds a total of 57,247 shares of RetailMeNot Inc which is valued at $404,736. RetailMeNot Inc makes up approx 0.03% of Engineers Gate Manager Lp’s portfolio.Teachers Advisors Inc boosted its stake in SALE in the latest quarter, The investment management firm added 21,565 additional shares and now holds a total of 82,496 shares of RetailMeNot Inc which is valued at $599,746.Rhumbline Advisers boosted its stake in SALE in the latest quarter, The investment management firm added 5,300 additional shares and now holds a total of 55,135 shares of RetailMeNot Inc which is valued at $400,831.

RetailMeNot Inc closed down -0.04 points or -0.57% at $7.03 with 2,95,184 shares getting traded on Monday. Post opening the session at $7.07, the shares hit an intraday low of $6.93 and an intraday high of $7.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, RetailMeNot Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.12. The company had revenue of $54.60 million for the quarter, compared to analysts expectations of $54.35 million. The company’s revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on RetailMeNot Inc. Wedbush Initiated RetailMeNot Inc on Feb 23, 2016 to “Neutral”, Price Target of the shares are set at $7.

RetailMeNot Inc. operates digital coupon marketplace connecting consumers with retailers and brands. As of 2014 The Company had contracts with more than 10000 retailers or paid retailers. The Company owns and operates digital offer marketplaces in the United States (RetailMeNot.com) and the United Kingdom (VoucherCodes.co.uk) and a portfolio of digital offer websites in France (Bons-de-Reduction.com Poulpeo.com and Ma-Reduc.com). The company’s websites mobile applications email newsletters and alerts and social media presence enable consumers to search for discover and redeem relevant digital offers from retailers and brands. Its marketplace features digital offers across product categories including clothing; electronics; health and beauty; home and office; travel food and entertainment; personal and business services and shoes. It aggregate digital offers from retailers performance marketing networks user community employees and outsourced providers.

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