Evercore ISI Group Begins Coverage of Cardlytics with Balanced Outlook

On October 11, 2024, Evercore ISI Group announced it has started coverage of Cardlytics (LSE:0LEC), giving the stock an In-Line rating.

Fund Ownership Trends for Cardlytics

A total of 285 funds or institutions have reported holdings in Cardlytics, marking a decrease of 17 owners, equivalent to a 5.63% drop from the last quarter. The average portfolio weight allocated to 0LEC across all funds increased to 0.16%, a notable rise of 28.32%. Additionally, the total shares owned by institutions grew by 1.62% over the past three months, reaching 36,501K shares.

Institutional Shareholder Movements

CAS Investment Partners currently holds 6,465K shares, which accounts for 12.97% ownership of Cardlytics. This reflects an increase from the previous filing where they reported owning 6,374K shares, representing a growth of 1.41%. However, this firm has decreased its portfolio allocation in 0LEC by 49.91% in the last quarter.

683 Capital Management possesses 2,100K shares, representing 4.21% of the company. In comparison to their last report of 1,997K shares, this is an increase of 4.89%. Like other institutions, they also reduced their portfolio allocation for 0LEC by 38.48% in the previous quarter.

KPS Global Asset Management UK holds onto 1,219K shares, with no change noted in the last quarter, indicating a stable position. Similarly, Worldly Partners Management retains 1,158K shares, maintaining its stake without any adjustments.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,135K shares, which is a decrease from their previous report of 1,174K shares, showing a reduction of 3.41%. This firm has also cut its portfolio allocation for 0LEC by 46.72% over the last quarter.

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