As Lendingtree INC (TREE) Share Value Rose, Advent Capital Management Has Boosted Its Position

April 22, 2018 - By Nellie Frank

LendingTree, Inc. (NASDAQ:TREE) LogoInvestors sentiment decreased to 1.23 in Q4 2017. Its down 0.07, from 1.3 in 2017Q3. It dropped, as 18 investors sold TREE shares while 70 reduced holdings. 44 funds opened positions while 64 raised stakes. 9.13 million shares or 8.84% more from 8.39 million shares in 2017Q3 were reported. Riverhead Cap Mgmt Lc owns 600 shares for 0.01% of their portfolio. Baillie Gifford And Com holds 0.3% in LendingTree, Inc. (NASDAQ:TREE) or 699,522 shares. Moreover, Texas Permanent School Fund has 0.02% invested in LendingTree, Inc. (NASDAQ:TREE) for 5,097 shares. Waddell Reed Fincl holds 48,831 shares. 4,897 are owned by Pinebridge Investments L P. Sei Investments holds 102,463 shares or 0.12% of its portfolio. Punch & Associates Invest Mgmt Incorporated owns 0.68% invested in LendingTree, Inc. (NASDAQ:TREE) for 23,137 shares. Moreover, Victory Capital Mgmt Inc has 0.1% invested in LendingTree, Inc. (NASDAQ:TREE). Highlander Cap Management Limited Co reported 0% stake. Glob X Management Com Ltd has 0.06% invested in LendingTree, Inc. (NASDAQ:TREE). Scout Invs Incorporated holds 127,189 shares. Emerald Mutual Fund Advisers Tru has 279,823 shares for 3.79% of their portfolio. Prudential reported 12,705 shares. Ny State Teachers Retirement reported 0.02% stake. Morgan Stanley owns 57,371 shares.

Advent Capital Management increased its stake in Lendingtree Inc (TREE) by 66% based on its latest 2017Q4 regulatory filing with the SEC. Advent Capital Management bought 17,160 shares as the company’s stock rose 1.74% while stock markets declined. The institutional investor held 43,160 shares of the finance company at the end of 2017Q4, valued at $14.69M, up from 26,000 at the end of the previous reported quarter. Advent Capital Management who had been investing in Lendingtree Inc for a number of months, seems to be bullish on the $3.90 billion market cap company. The stock decreased 1.26% or $4.05 during the last trading session, reaching $318.45. About 85,241 shares traded. LendingTree, Inc. (NASDAQ:TREE) has risen 190.64% since April 22, 2017 and is uptrending. It has outperformed by 179.09% the S&P500.

Advent Capital Management, which manages about $5.22 billion US Long portfolio, decreased its stake in Ares Capital Corp (Prn) by 8.80M shares to 989,000 shares, valued at $995,000 in 2017Q4, according to the filing. It also reduced its holding in Calatlantic Group Inc (Prn) by 5.50M shares in the quarter, leaving it with 30.98M shares, and cut its stake in Kb Home (Prn).

LendingTree, Inc. (NASDAQ:TREE) Ratings Coverage

Among 10 analysts covering Lendingtree Inc (NASDAQ:TREE), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Lendingtree Inc had 16 analyst reports since October 26, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, February 27 by Guggenheim. Stephens maintained LendingTree, Inc. (NASDAQ:TREE) on Monday, December 18 with “Buy” rating. The firm earned “Buy” rating on Thursday, October 26 by Needham. The firm has “Buy” rating given on Thursday, February 22 by Northland Capital. The stock of LendingTree, Inc. (NASDAQ:TREE) has “Buy” rating given on Thursday, February 22 by Stephens. The stock of LendingTree, Inc. (NASDAQ:TREE) earned “Hold” rating by UBS on Tuesday, March 27. The company was maintained on Thursday, February 22 by RBC Capital Markets. The rating was maintained by Bank of America with “Buy” on Monday, January 22. As per Wednesday, December 13, the company rating was maintained by Guggenheim. As per Thursday, February 22, the company rating was maintained by Needham.

LendingTree, Inc. (NASDAQ:TREE) Institutional Positions Chart

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