Care.com Inc (CRCM) Position Lifted by Bogle Investment Management L P DE
Bogle Investment Management L P DE increased its stake in Care.com Inc (NYSE:CRCM) by 71.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 211,286 shares of the information services provider’s stock after acquiring an additional 87,787 shares during the period. Bogle Investment Management L P DE’s holdings in Care.com were worth $3,811,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of CRCM. Wells Fargo & Company MN increased its position in shares of Care.com by 13.8% in the second quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock worth $176,000 after purchasing an additional 1,420 shares during the period. Alliancebernstein L.P. bought a new position in shares of Care.com in the second quarter worth $180,000. Vanguard Group Inc. increased its position in shares of Care.com by 6.6% in the second quarter. Vanguard Group Inc. now owns 1,029,498 shares of the information services provider’s stock worth $15,545,000 after purchasing an additional 63,848 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of Care.com by 14.8% in the second quarter. Parametric Portfolio Associates LLC now owns 26,724 shares of the information services provider’s stock worth $404,000 after purchasing an additional 3,454 shares during the period. Finally, State Street Corp increased its position in shares of Care.com by 5.5% in the second quarter. State Street Corp now owns 298,023 shares of the information services provider’s stock worth $4,504,000 after purchasing an additional 15,490 shares during the period. Institutional investors own 73.16% of the company’s stock.
In other news, Director J Sanford Miller sold 31,987 shares of Care.com stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $17.45, for a total transaction of $558,173.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sheila Lirio Marcelo sold 17,673 shares of Care.com stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $17.77, for a total value of $314,049.21. Following the sale, the chief executive officer now directly owns 933,060 shares in the company, valued at $16,580,476.20. The disclosure for this sale can be found here. Insiders sold 203,041 shares of company stock worth $3,671,276 over the last ninety days. 24.70% of the stock is currently owned by insiders.
Shares of Care.com Inc (NYSE CRCM) opened at $18.13 on Friday. The firm has a market capitalization of $545.41, a PE ratio of 86.33, a P/E/G ratio of 2.63 and a beta of 0.98. Care.com Inc has a 12 month low of $9.42 and a 12 month high of $20.88.
Care.com (NYSE:CRCM) last released its quarterly earnings data on Tuesday, February 27th. The information services provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $44.22 million for the quarter, compared to analyst estimates of $44.02 million. Care.com had a return on equity of 16.30% and a net margin of 6.13%. Care.com’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. equities research analysts predict that Care.com Inc will post 0.45 EPS for the current fiscal year.
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Care.com Company Profile
Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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