The Citadel Advisors LLC Has $1,987,000 Position in Mindbody Inc. (MB)

The Citadel Advisors LLC Has $1,987,000 Position in Mindbody Inc. (MB)

Citadel Advisors LLC boosted its stake in shares of Mindbody Inc. (NASDAQ:MB) by 626.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,064 shares of the company’s stock after buying an additional 87,159 shares during the period. Citadel Advisors LLC’s holdings in Mindbody were worth $1,987,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Mindbody by 198.0% in the second quarter. Bank of New York Mellon Corp now owns 80,389 shares of the company’s stock valued at $1,298,000 after buying an additional 53,412 shares during the period. California State Teachers Retirement System increased its stake in Mindbody by 97.3% in the second quarter. California State Teachers Retirement System now owns 30,207 shares of the company’s stock valued at $488,000 after buying an additional 14,899 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Mindbody during the second quarter valued at $243,000. Granite Point Capital Management L.P. bought a new stake in Mindbody during the second quarter valued at $1,948,000. Finally, Airain ltd bought a new stake in Mindbody during the second quarter valued at $223,000. 78.29% of the stock is owned by institutional investors.

Shares of Mindbody Inc. (NASDAQ:MB) traded up 0.41% during trading on Thursday, hitting $24.65. The stock had a trading volume of 177,905 shares. The company’s market capitalization is $998.42 million. The firm has a 50 day moving average of $22.12 and a 200 day moving average of $19.33. Mindbody Inc. has a 1-year low of $9.20 and a 1-year high of $26.60.

Mindbody (NASDAQ:MB) last released its earnings results on Wednesday, October 26th. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Mindbody had a negative net margin of 22.30% and a negative return on equity of 28.08%. The company earned $35.30 million during the quarter, compared to analysts’ expectations of $35.02 million. During the same quarter last year, the business earned ($0.19) EPS. The business’s revenue was up 35.2% on a year-over-year basis. Analysts expect that Mindbody Inc. will post ($0.39) EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Roth Capital assumed coverage on shares of Mindbody in a research report on Friday, September 23rd. They issued a “buy” rating and a $22.50 price target on the stock. Zacks Investment Research upgraded shares of Mindbody from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, September 28th. Imperial Capital boosted their price target on shares of Mindbody from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Finally, Craig Hallum assumed coverage on shares of Mindbody in a research report on Monday, December 5th. They issued a “buy” rating and a $28.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.75.

In other news, CEO Richard Lee Stollmeyer sold 21,760 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $20.26, for a total value of $440,857.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford Lee Wills sold 10,220 shares of the stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $25.25, for a total transaction of $258,055.00. The disclosure for this sale can be found here. Insiders sold a total of 2,666,046 shares of company stock valued at $53,421,809 in the last 90 days. Company insiders own 30.62% of the company’s stock.

Mindbody Company Profile

MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with over 51,000 local business subscribers on its platform in over 130 countries and territories. The Company’s subscribers provide a range of wellness services to approximately 28 million active consumers.

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