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Glenn Greenberg, Brave Warrior Keep Selling Higher One Holdings (ONE) Shares

Glenn Greenberg, the manager of Brave Warrior Capital, has further decreased the fund’s stake in Higher One Holdings, Inc (NYSE:ONE). In a recent filing with the Securities and Exchange Commission, Greenberg and Brave Warrior have revealed decreasing their holding of the stock from 3.15 million to 2.7 million shares. The fund’s current stake accounts for approximately 5.7% of the company’s common stock.

Higher One Holdings, Inc (NYSE:ONE)

Vinit Bodas, the manager of Deccan Value Advisors, is a fan of Higher One Holdings, Inc (NYSE:ONE). During the third quarter of 2013, the fund has increased its investment in the company by 4% and currently holds a little over 4 million shares valued at $31 million. Another fund that is bullish on this stock is D E Shaw. The fund’s manager, D. E. Shaw, has increased their holding of Higher One Holdings by 59%. In the latest 13F report, D E Shaw reported the ownership of 517,600 shares valued at $3.9 million. Joel Greenblatt is also betting big on this stock, with his fund, Gotham Asset Management, increasing its stake by 24%. Gotham now holds 268,251 shares reportedly worth a little over $2 million.

Higher One Holdings, Inc (NYSE:ONE) provides payment services to universities and students in the United States. Since the start of 2013, the stock has been trending in the range between $7 and $12 per share, with a current price of approximately $9.8 apiece. The company has a trailing Price to Earnings (P/E) ratio of 24.65 and a beta of 0.71. Higher One Holdings does not pay a dividend. For the latest quarter the company has reported revenues of $57.1 million, up from $51.2 million an year earlier. The company has, however, posted a loss per share (EPS) of $0.12. For the current quarter, analysts expect Higher One Holdings to register revenues of $54.1 million and EPS of $0.13.

Disclosure: none

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