Are Bankrate’s Biggest Shareholders Buying for a Breakout?

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In 2012, Bankrate Inc.’s (NYSE:RATE) shares are down 10.84 percent. On June 2, Seeking Alpha listed Bankrate as one Internet company poised for growth. It noted its one-year projected earnings per share growth rate of 27.71 percent and a buy rating from analysts. Bankrate’s short interest was 17.08 percent as of June 1.

A Closer Look: Bankrate Earnings Cheat Sheet>>

With the recent outlook for growth, will Bankrate’s largest shareholders increase their positions? 10 institutional firms indicated owning shares of Bankrate Inc (NYSE:RATE) in Q1 2012. These firms reported owning a total of 46.99 million shares on 03/31/2012. The shares closed at $24.75 on 03/31/2012.

Here are the ten largest positions in Bankrate Inc at the end of March 31st, 2012.

FMR LLC held 7,820,184 shares on 03/31/2012 worth $193,549,554. This brought the portfolio total to 0.03%.

Price T Rowe Associates Inc /MD/ held 4,253,381 shares on 03/31/2012 worth $105,271,180. This brought the portfolio total to 0.03%.

Capital Research Global Investors held 3,400,000 shares on 03/31/2012 worth $84,150,000. This brought the portfolio total to 0.04%.

Marsico Capital Management LLC held 3,014,658 shares on 03/31/2012 worth $74,612,786. This brought the portfolio total to 0.25%.

Bank of New York Mellon Corp held 2,395,356 shares on 03/31/2012 worth $59,285,061. This brought the portfolio total to 0.02%.

Morgan Stanley held 2,135,038 shares on 03/31/2012 worth $52,842,191. This brought the portfolio total to 0.03%.

Columbus Circle Investors held 1,850,816 shares on 03/31/2012 worth $45,807,696. This brought the portfolio total to 0.33%.

Ameriprise Financial Inc held 1,821,725 shares on 03/31/2012 worth $45,087,694. This brought the portfolio total to 0.03%.

Vanguard Group Inc held 1,810,115 shares on 03/31/2012 worth $44,800,346. This brought the portfolio total to 0.01%.

Lord Abbett & Co. LLC held 1,683,879 shares on 03/31/2012 worth $41,676,005. This brought the portfolio total to 0.09%.

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