Quinn Opportunity Partners LLC Sells 31,873 Shares of TrueCar, Inc. (NASDAQ:TRUE)

Quinn Opportunity Partners LLC trimmed its stake in TrueCar, Inc. (NASDAQ:TRUEGet Rating) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 497,596 shares of the technology company’s stock after selling 31,873 shares during the period. Quinn Opportunity Partners LLC’s holdings in TrueCar were worth $1,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRUE. Macquarie Group Ltd. acquired a new position in TrueCar during the 3rd quarter valued at about $41,000. Allspring Global Investments Holdings LLC acquired a new position in TrueCar during the 4th quarter valued at about $43,000. Royce & Associates LP increased its position in TrueCar by 47.3% during the 4th quarter. Royce & Associates LP now owns 16,366 shares of the technology company’s stock valued at $56,000 after buying an additional 5,257 shares in the last quarter. Teacher Retirement System of Texas increased its position in TrueCar by 20.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 15,083 shares of the technology company’s stock valued at $63,000 after buying an additional 2,540 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in TrueCar by 70.4% during the 4th quarter. ProShare Advisors LLC now owns 20,824 shares of the technology company’s stock valued at $70,000 after buying an additional 8,606 shares in the last quarter.

Shares of TRUE opened at $3.43 on Friday. TrueCar, Inc. has a 52 week low of $2.75 and a 52 week high of $6.22. The stock’s 50-day moving average price is $3.60 and its 200-day moving average price is $3.53.

TRUE has been the topic of several recent analyst reports. DA Davidson reduced their target price on TrueCar from $3.85 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, February 24th. Northcoast Research assumed coverage on TrueCar in a report on Wednesday, February 2nd. They issued a “neutral” rating on the stock. StockNews.com assumed coverage on TrueCar in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Craig Hallum lowered TrueCar from a “buy” rating to a “hold” rating and cut their price objective for the company from $6.00 to $3.50 in a report on Wednesday, February 23rd. Finally, Zacks Investment Research raised TrueCar from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 27th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, TrueCar presently has an average rating of “Hold” and a consensus price target of $4.25.

TrueCar Company Profile (Get Rating)

TrueCar, Inc operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.

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Institutional Ownership by Quarter for TrueCar (NASDAQ:TRUE)

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