23 hours Ago By Defense World Staff
Renaissance Technologies LLC cut its stake in Karooooo Ltd. ( NASDAQ:KARO – Free Report ) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 26,093 shares of the company’s stock after selling 4,508 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of Karooooo worth $1,178,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Karooooo by 1,727.
0% during the fourth quarter. JPMorgan Chase & Co. now owns 8,934 shares of the company’s stock worth $403,000 after purchasing an additional 8,445 shares in the last quarter.
Polen Capital Management LLC lifted its holdings in Karooooo by 24.8% in the 4th quarter. Polen Capital Management LLC now owns 13,273 shares of the company’s stock worth $599,000 after buying an additional 2,639 shares in the last quarter.
Jupiter Asset Management Ltd. boosted its position in Karooooo by 0.6% in the 4th quarter.
Jupiter Asset Management Ltd. now owns 236,972 shares of the company’s stock valued at $10,699,000 after buying an additional 1,387 shares during the last quarter. Raymond James Financial Inc.
acquired a new stake in shares of Karooooo during the fourth quarter valued at about $635,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Karooooo during the fourth quarter worth about $26,000. Wall Street Analyst Weigh In Separately, Raymond James reissued an “outperform” rating and issued a $51.
00 price target (up previously from $46.00) on shares of Karooooo in a report on Thursday, January 16th. Karooooo Trading Up 0.
3 % NASDAQ KARO opened at $43.33 on Wednesday. The company has a market capitalization of $1.
34 billion, a price-to-earnings ratio of 27.78 and a beta of 1.03.
The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.
24. Karooooo Ltd. has a 12 month low of $25.
80 and a 12 month high of $50.54. The company’s fifty day moving average price is $41.
84 and its two-hundred day moving average price is $43.48. Karooooo Company Profile ( Free Report ) Karooooo Ltd.
provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics. See Also Five stocks we like better than Karooooo Business Services Stocks Investing Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet How Can Investors Benefit From After-Hours Trading Coca-Cola Company Stock Can Bubble to New Highs This Year Dividend Capture Strategy: What You Need to Know 3 Stocks Lifting 2025 Guidance Despite Market Jitters Receive News & Ratings for Karooooo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Karooooo and related companies with MarketBeat.
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