Five Gurus Trade ONE - Ranked on Fast 500

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Reporting third quarter revenue at $57.1 million, an 11.5% increase year-over-year, Higher One Holdings Inc. ( ONE ) provides financial services and data analytics to more than 1,600 college and university campuses in the U.S. Achieving more than 340% revenue growth over five years, the company recently received recognition, ranking 259th on Deloitte's Technology Fast 500 , a list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The Fast 500 winners were chosen based on percentage fiscal year revenue growth from 2008 to 2012.

Higher One's CEO Mark Volchek commented in a company press release: "Higher One is pleased to be regarded by Deloitte for the fourth year in a row. We have grown by truly focusing on the higher education market-helping colleges and universities allocate resources more efficiently to provide a higher quality of service and education to college students. With this direction, we are on a shared course for success with our customers."

Five gurus traded ONE in the third quarter of 2013, and according to GuruFocus Real Time Picks , Glenn Greenberg of Brave Warrior Capital just made a reduction to his ONE stake.


Higher One Holdings Inc. ( ONE )

Up 12% over 12 months, Higher One Holdings Inc. has a market cap of $465.5 million; its shares were traded at around $9.90 with a P/E ratio of 26.00. The company does not pay a dividend.

Higher One Holdings Inc. reported financial results for the third quarter 2013 with revenue of $57.1 million, up from the same quarter of 2012, at $51.2 million. Due to a proposed settlement on class action lawsuits against the company, Higher One Holdings reported a net loss of ($5.5) million (GAAP) for the quarter. In the third quarter of 2012, the company's net income was $7.3 million (GAAP). Earnings in the reporting quarter were ($0.11) per GAAP diluted loss per share, compared to $0.13 in the same quarter of 2012.

In the third quarter of 2013, the company's Campus Solutions modules total approximately 13 million. Up 5% from the same quarter last year, the number of OneAccounts at the end of the third quarter of 2013 was around 2.2 million, according to a company press release.

Here's the GuruFocus analysis of ONE, showing two warnings.

Tracking historical share price, revenue and net income:

[ Enlarge Image ]



Real Time Trade

Guru Action: As of Nov. 27, 2013, Glenn Greenberg of Brave Warrior Capital reduced his position by 41.74%, selling shares in the average price range of $9.81. This latest reduction impacts his portfolio by -0.85%.

Greenberg's current shares are 2,701,027 or 5.75% of shares outstanding.

His holding history over seven quarters:

[ Enlarge Image ]

Third Quarter Guru Action

As of Sept. 30, 2013, Paul Tudor Jones made a new buy of 13,400 shares at an average price of $9.15 per share, for a gain of 8.2%, his only gain in the trading history. In the first quarter of 2013, he sold out 27,300 shares at an average price of $10.17 per share, losing 2.7%.

Jones has held ONE for 11 losing quarters out of 12. The holding's lowest point was a loss of 46.5% in the fourth quarter of 2010. In that quarter, he sold 75,000 shares at an average price of $18.49 per share.

Also in the third quarter, Jeremy Grantham made a new buy of 13,300 shares at an average price of $9.15 per share, for a gain of 8.2%, his only gain in five quarters. In the second quarter of 2013, he sold out 44,700 shares at an average price of $10.22 per share, losing 3.1%.

In four losing quarters out of five total, Grantham's new buy was the lowest point in the trading history. In the second quarter of 2012, he made a new buy of 20,400 shares at an average price of $13.79 per share, for a loss of 28.2%.

Here's more third quarter action and insider selling of ONE.


Check out the complete portfolio of Glenn Greenberg.



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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: ONE

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