TIAA CREF Investment Management LLC Takes $252,000 Position in Leaf Group Ltd. (LFGR)
TIAA CREF Investment Management LLC acquired a new position in shares of Leaf Group Ltd. (NYSE:LFGR) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 32,294 shares of the technology company’s stock, valued at approximately $252,000. TIAA CREF Investment Management LLC owned about 0.16% of Leaf Group at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of LFGR. Teachers Advisors LLC purchased a new stake in Leaf Group in the second quarter valued at about $168,000. Schwab Charles Investment Management Inc. purchased a new stake in Leaf Group in the second quarter valued at about $234,000. Bank of New York Mellon Corp raised its stake in Leaf Group by 308.8% in the second quarter. Bank of New York Mellon Corp now owns 42,587 shares of the technology company’s stock valued at $333,000 after buying an additional 32,170 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in Leaf Group by 49.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 180,809 shares of the technology company’s stock valued at $1,410,000 after buying an additional 60,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Leaf Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,148,315 shares of the technology company’s stock valued at $8,612,000 after buying an additional 24,397 shares during the last quarter. Hedge funds and other institutional investors own 63.32% of the company’s stock.
LFGR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Leaf Group from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research note on Wednesday, October 4th. ValuEngine upgraded Leaf Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, B. Riley reiterated a “buy” rating and issued a $10.50 price target on shares of Leaf Group in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $10.04.
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Shares of Leaf Group Ltd. (NYSE:LFGR) opened at $7.70 on Friday. Leaf Group Ltd. has a 12 month low of $6.05 and a 12 month high of $9.35.
Leaf Group (NYSE:LFGR) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.11. Leaf Group had a negative return on equity of 44.59% and a negative net margin of 25.98%. The firm had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $30.93 million. During the same period last year, the business posted ($0.41) earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. equities research analysts expect that Leaf Group Ltd. will post -1.69 EPS for the current fiscal year.
Leaf Group Company Profile
Leaf Group Ltd., formerly Demand Media, Inc, is diversified Internet marketplaces and media company. The Company has online media properties and marketplace platforms that enable communities of creators to reach audiences in lifestyle categories. The Company operates an online studio platform for the professional creation and distribution of content, as well as two online artist marketplaces.
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