Barclays PLC Sells 3,447 Shares of Karooooo Ltd. (NASDAQ:KARO)

Barclays PLC cut its position in Karooooo Ltd. (NASDAQ:KARO) by 56.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,615 shares of the company’s stock after selling 3,447 shares during the period. Barclays PLC’s holdings in Karooooo were worth $103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jupiter Asset Management Ltd. lifted its holdings in shares of Karooooo by 5.4% during the second quarter. Jupiter Asset Management Ltd. now owns 209,097 shares of the company’s stock worth $6,001,000 after buying an additional 10,705 shares in the last quarter. Acadian Asset Management LLC raised its stake in Karooooo by 50.6% during the second quarter. Acadian Asset Management LLC now owns 4,096 shares of the company’s stock worth $116,000 after acquiring an additional 1,377 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Karooooo by 23.3% during the second quarter. Renaissance Technologies LLC now owns 17,757 shares of the company’s stock worth $520,000 after purchasing an additional 3,356 shares during the last quarter. Gladius Capital Management LP grew its holdings in shares of Karooooo by 124.2% during the third quarter. Gladius Capital Management LP now owns 14,513 shares of the company’s stock worth $575,000 after purchasing an additional 8,041 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Karooooo in the third quarter valued at approximately $216,000.

Karooooo Price Performance

Karooooo stock opened at $50.00 on Thursday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 34.01 and a beta of 1.03. Karooooo Ltd. has a 52-week low of $23.35 and a 52-week high of $50.54. The stock’s 50 day moving average price is $44.06 and its two-hundred day moving average price is $39.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.18.

Karooooo (NASDAQ:KARO) last issued its earnings results on Tuesday, October 15th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.26 million. Karooooo had a return on equity of 29.39% and a net margin of 19.29%. On average, equities analysts predict that Karooooo Ltd. will post 1.61 earnings per share for the current year.

About Karooooo

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.