Point72 Hong Kong Ltd Invests $271,000 in Linx S.A. (NASDAQ:LINX)

Point72 Hong Kong Ltd acquired a new stake in Linx S.A. (NASDAQ:LINX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 29,670 shares of the company’s stock, valued at approximately $271,000.

Other large investors also recently modified their holdings of the company. Pelham Global Financials Ltd. acquired a new position in Linx in the 2nd quarter valued at approximately $12,864,000. Moon Capital Management LP bought a new position in shares of Linx in the second quarter valued at $456,000. Third Point LLC bought a new position in shares of Linx in the second quarter valued at $1,828,000. Key Square Capital Management LLC bought a new position in shares of Linx in the second quarter valued at $13,680,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Linx during the second quarter valued at about $9,121,000.

NASDAQ:LINX traded up $0.05 during midday trading on Tuesday, reaching $7.97. 2,600 shares of the stock traded hands, compared to its average volume of 382,129. The business has a fifty day moving average of $7.71. Linx S.A. has a 12 month low of $6.59 and a 12 month high of $9.60.



Several analysts have commented on LINX shares. Jefferies Financial Group set a $11.00 price objective on shares of Linx and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Zacks Investment Research cut shares of Linx from a “hold” rating to a “sell” rating in a research note on Tuesday.

Linx Company Profile

Linx SA, through its subsidiaries, provides management software solutions for the retail market in Brazil and internationally. It offers enterprise resource planning, and point of sale or point of service (POS) management software; and connectivity, electronic fund transfer, e-commerce, and customer relationship management solutions.

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Institutional Ownership by Quarter for Linx (NASDAQ:LINX)

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