Northern Trust Corp Has $6.10 Million Holdings in Angie’s List, Inc. (ANGI)
Northern Trust Corp raised its stake in Angie’s List, Inc. (NASDAQ:ANGI) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 477,213 shares of the technology company’s stock after acquiring an additional 49,000 shares during the quarter. Northern Trust Corp owned approximately 0.78% of Angie’s List worth $6,103,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Equitec Proprietary Markets LLC acquired a new position in Angie’s List in the second quarter valued at approximately $207,000. Marshall Wace North America L.P. acquired a new position in Angie’s List in the second quarter valued at approximately $237,000. American International Group Inc. lifted its holdings in Angie’s List by 7.1% in the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock valued at $140,000 after acquiring an additional 1,621 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Angie’s List in the first quarter valued at approximately $153,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Angie’s List by 11.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock valued at $174,000 after buying an additional 3,264 shares in the last quarter. 79.95% of the stock is owned by institutional investors.
Shares of Angie’s List, Inc. (NASDAQ ANGI) opened at $11.86 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.08. Angie’s List, Inc. has a 12-month low of $5.22 and a 12-month high of $13.74.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.18). Angie’s List had a negative return on equity of 25.20% and a negative net margin of 17.04%. The firm had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $184.47 million. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. equities research analysts predict that Angie’s List, Inc. will post -0.23 earnings per share for the current fiscal year.
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In related news, Director Michael S. Maurer sold 63,641 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $12.11, for a total transaction of $770,692.51. Following the completion of the sale, the director now directly owns 156,204 shares in the company, valued at $1,891,630.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shannon Shaw sold 87,745 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $12.00, for a total value of $1,052,940.00. Following the transaction, the insider now directly owns 28,668 shares in the company, valued at approximately $344,016. The disclosure for this sale can be found here. Insiders have sold 316,464 shares of company stock valued at $3,842,404 over the last quarter. 18.20% of the stock is owned by company insiders.
A number of analysts have recently commented on the company. BidaskClub cut Angie’s List from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Wells Fargo & Company upgraded Angie’s List from a “market perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Thursday, October 19th. Zacks Investment Research cut Angie’s List from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Piper Jaffray Companies assumed coverage on Angie’s List in a research report on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Angie’s List in a research report on Wednesday, October 11th. They issued a “buy” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.14.
About Angie’s List
ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.
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