IAC Inc. $IAC Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its stake in IAC Inc. (NASDAQ:IAC) by 77.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 30,357 shares of the company’s stock after selling 104,999 shares during the period. WINTON GROUP Ltd’s holdings in IAC were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IAC. Yakira Capital Management Inc. grew its holdings in IAC by 24.8% in the 3rd quarter. Yakira Capital Management Inc. now owns 223,078 shares of the company’s stock valued at $7,600,000 after buying an additional 44,267 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of IAC by 34.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 15,117 shares of the company’s stock worth $515,000 after acquiring an additional 3,891 shares during the last quarter. Vinva Investment Management Ltd purchased a new position in shares of IAC during the 3rd quarter worth $261,000. Barclays PLC boosted its position in shares of IAC by 51.2% during the 3rd quarter. Barclays PLC now owns 150,062 shares of the company’s stock valued at $5,113,000 after acquiring an additional 50,789 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of IAC by 13.8% during the 3rd quarter. Victory Capital Management Inc. now owns 109,979 shares of the company’s stock valued at $3,747,000 after acquiring an additional 13,326 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Trading Up 0.6%

IAC traded up $0.24 on Friday, hitting $37.52. The company had a trading volume of 115,173 shares, compared to its average volume of 1,086,400. The firm has a market cap of $2.67 billion, a P/E ratio of -28.22 and a beta of 1.09. IAC Inc. has a 1 year low of $29.56 and a 1 year high of $50.49. The company’s fifty day moving average price is $37.69 and its 200 day moving average price is $36.20. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.29.

IAC (NASDAQ:IAC) last announced its earnings results on Tuesday, February 3rd. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($1.66). IAC had a negative return on equity of 2.43% and a negative net margin of 4.35%.The company had revenue of $645.98 million for the quarter, compared to analysts’ expectations of $641.01 million. During the same period last year, the business earned ($2.39) EPS. The company’s quarterly revenue was down 34.7% compared to the same quarter last year. As a group, equities analysts expect that IAC Inc. will post 0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IAC shares. JPMorgan Chase & Co. raised their price objective on shares of IAC from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Oppenheimer lowered shares of IAC from an “outperform” rating to a “market perform” rating in a report on Monday, December 15th. UBS Group reissued a “neutral” rating and issued a $42.00 price target on shares of IAC in a research note on Friday, February 6th. Wall Street Zen upgraded shares of IAC from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Benchmark reaffirmed a “buy” rating on shares of IAC in a research report on Tuesday, March 3rd. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, IAC presently has an average rating of “Moderate Buy” and an average price target of $47.62.

About IAC

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.