Key Square Capital Management LLC bought a new stake in shares of Linx S.A. (NASDAQ:LINX) in the 2nd quarter, HoldingsChannel reports. The fund bought 1,500,000 shares of the company’s stock, valued at approximately $13,680,000. Linx accounts for about 5.0% of Key Square Capital Management LLC’s portfolio, making the stock its 6th biggest holding.
Other institutional investors have also made changes to their positions in the company. Third Point LLC bought a new stake in shares of Linx in the 2nd quarter worth approximately $1,828,000. Monashee Investment Management LLC purchased a new position in Linx in the second quarter valued at approximately $3,967,000. Finally, Pelham Global Financials Ltd. bought a new position in Linx during the second quarter valued at $12,864,000.
Separately, Jefferies Financial Group initiated coverage on Linx in a research report on Monday, July 22nd. They issued a “buy” rating and a $11.00 target price for the company.
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.
Want to see what other hedge funds are holding LINX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linx S.A. (NASDAQ:LINX).
Receive News & Ratings for Linx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linx and related companies with MarketBeat.com's FREE daily email newsletter.