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Equity Actions

KKR

Cotiviti has announced a recapitalization agreement with KKR and its long-standing owner Veritas. Under the agreement, KKR and Veritas will become co-sponsors, holding equal ownership stakes in Cotiviti. KKR's investment comes primarily through its North America Fund XIII, while Veritas is investing through Veritas Fund VIII.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:40 pm

CART

Sequoia Capital USV XIV Holdco, Ltd. reported a 9.2% stake in Maplebear Inc. as of December 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:36 pm

CART

D1 Capital Partners L.P. has reported a 13.5% stake in Maplebear Inc. as of December 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:35 pm

CNHI

CNH Industrial's CEO announced restructuring plans expected to save $140M-$180M in 2024. The CFO confirmed a $1B share buyback to be completed by month's end, as stated in a conference call.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:27 pm

GOLD

Barrick Gold Corp (NYSE:GOLD) reported Q4 revenue of $3.06 billion, surpassing consensus estimates. Gold production and sales slightly increased, while the average realized gold price rose 3%. Copper production also saw a minor increase. Adjusted EPS was $0.27, beating expectations. The company announced a Q4 dividend of $0.10 and a new $1.0 billion share buyback program. FY24 outlook includes gold production of 3.9-4.3 million ounces and capital expenditure of $2.50-$2.90 billion. GOLD shares dropped 1.13% to $13.99.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 3:14 pm

CDNS

Recent analysis of Cadence Design Sys (CDNS) by 8 analysts shows a range of opinions, with a shift towards more bullish perspectives in the last 30 days. The average 12-month price target for CDNS has increased to $324.0, up from $294.25, indicating a positive outlook on the stock. Analysts from firms like Morgan Stanley, Rosenblatt, and others have raised their price targets, reflecting optimism about Cadence's market position, financial performance, and the broader EDA industry's growth prospects.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 3:00 pm

HBAN

Huntington Bancshares (NASDAQ:HBAN) has seen a diverse range of analyst ratings over the last three months, with a shift towards more bullish perspectives in recent evaluations. Analysts have raised their 12-month price targets, reflecting a positive outlook on the company's performance. Despite this, Huntington faces challenges in revenue growth, profitability, and debt management compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 3:00 pm

ABNB

Airbnb announced a new share repurchase program, authorizing the purchase of up to $6B of its Class A common stock. This move indicates the company's confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:52 pm

HKD

AMTD Digital has announced a new $20M share repurchase program, signaling confidence in the company's future prospects and potentially increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:34 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) shares dropped following Q4 financial results, despite beating revenue estimates with $2.22 billion and reporting adjusted earnings of $0.76 per share. The company also announced a $6 billion share repurchase program. Analyst reactions were mixed, with DA Davidson downgrading the stock to Neutral and setting a price target of $145, while Needham maintained a Buy rating and raised the price target to $160.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 2:31 pm