Luxor Capital Group LP Lowered Its Stake in Grubhub INC (GRUB) by $28.26 Million as Stock Value Rose

March 15, 2018 - By Vivian Park

Christian Leone decreased its stake in Grubhub Inc (GRUB) by 18.19% based on its latest 2017Q3 regulatory filing with the SEC. Luxor Capital Group Lp sold 543,498 shares as the company’s stock rose 15.35% with the market. The hedge fund run by Christian Leone held 2.44 million shares of the business services company at the end of 2017Q3, valued at $128.68M, down from 2.99M at the end of the previous reported quarter. Luxor Capital Group Lp who had been investing in Grubhub Inc for a number of months, seems to be less bullish one the $9.70 billion market cap company. The stock increased 0.40% or $0.44 during the last trading session, reaching $111.22. About 654,563 shares traded. GrubHub Inc. (NYSE:GRUB) has risen 94.22% since March 15, 2017 and is uptrending. It has outperformed by 77.52% the S&P500.

Luxor Capital Group Lp, which manages about $10.73 billion and $1.70 billion US Long portfolio, upped its stake in Liberty Expedia Holdings by 323,822 shares to 465,782 shares, valued at $24.74 million in 2017Q3, according to the filing. It also increased its holding in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 855,270 shares in the quarter, for a total of 2.68 million shares, and has risen its stake in Videocon D2h Ltd.

Analysts await GrubHub Inc. (NYSE:GRUB) to report earnings on April, 26. They expect $0.27 EPS, up 12.50 % or $0.03 from last year’s $0.24 per share. GRUB’s profit will be $23.54M for 102.98 P/E if the $0.27 EPS becomes a reality. After $0.31 actual EPS reported by GrubHub Inc. for the previous quarter, Wall Street now forecasts -12.90 % negative EPS growth.

More recent GrubHub Inc. (NYSE:GRUB) news were published by: which released: “GrubHub Inc. (GRUB) PT Raised to $140 at Guggenheim Following Consumer Survey” on March 13, 2018. Also published the news titled: “BofA/Merrill Lynch Downgrades GrubHub Inc. (GRUB) to Neutral on Valuation” on March 06, 2018.‘s news article titled: “Why GrubHub Inc. Stock Gained 37.6% in February” with publication date: March 08, 2018 was also an interesting one.

GrubHub Inc. (NYSE:GRUB) Ratings Coverage

Among 32 analysts covering Grubhub Inc (NYSE:GRUB), 18 have Buy rating, 3 Sell and 11 Hold. Therefore 56% are positive. Grubhub Inc has $115 highest and $20 lowest target. $65.10’s average target is -41.47% below currents $111.22 stock price. Grubhub Inc had 123 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Thursday, October 26. The firm has “Buy” rating given on Friday, February 9 by Canaccord Genuity. The company was maintained on Tuesday, September 5 by Canaccord Genuity. Stifel Nicolaus maintained GrubHub Inc. (NYSE:GRUB) on Friday, July 29 with “Buy” rating. The stock of GrubHub Inc. (NYSE:GRUB) has “Sector Perform” rating given on Friday, February 5 by RBC Capital Markets. Roth Capital maintained GrubHub Inc. (NYSE:GRUB) rating on Monday, July 17. Roth Capital has “Buy” rating and $5500 target. Craig Hallum initiated it with “Buy” rating and $70.0 target in Monday, September 25 report. As per Tuesday, August 15, the company rating was maintained by Cowen & Co. Craig Hallum maintained GrubHub Inc. (NYSE:GRUB) rating on Thursday, February 8. Craig Hallum has “Buy” rating and $100.0 target. The rating was maintained by Mizuho with “Buy” on Wednesday, June 22.

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