Whitebox Advisors Lowers stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Whitebox Advisors reduced its stake in Yahoo! by 17.19% during the most recent quarter end. The investment management company now holds a total of 2,105,162 shares of Yahoo! which is valued at $78,375,181 after selling 437,090 shares in Yahoo! , the firm said in a disclosure report filed with the SEC on May 3, 2016.Yahoo! makes up approximately 11.89% of Whitebox Advisors’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in YHOO in the latest quarter, The investment management firm added 680 additional shares and now holds a total of 32,010 shares of Yahoo! which is valued at $1,191,732. Yahoo! makes up approx 0.08% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Gamble Jones Investment Counsel reduced its stake in YHOO by selling 41,293 shares or 66.04% in the most recent quarter. The Hedge Fund company now holds 21,236 shares of YHOO which is valued at $790,616. Yahoo! makes up approx 0.09% of Gamble Jones Investment Counsel’s portfolio.Rhumbline Advisers boosted its stake in YHOO in the latest quarter, The investment management firm added 57,827 additional shares and now holds a total of 1,249,533 shares of Yahoo! which is valued at $46,520,114. Yahoo! makes up approx 0.14% of Rhumbline Advisers’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in YHOO in the latest quarter, The investment management firm added 1,931 additional shares and now holds a total of 200,603 shares of Yahoo! which is valued at $7,342,070. Yahoo! makes up approx 0.06% of Public Employees Retirement Association Of Colorado’s portfolio.

Yahoo! opened for trading at $37.17 and hit $37.58 on the upside on Tuesday, eventually ending the session at $37.44, with a gain of 0.70% or 0.26 points. The heightened volatility saw the trading volume jump to 71,78,455 shares. Company has a market cap of $35,528 M.

On the company’s financial health, Yahoo! reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.07. The company had revenue of $859.00 million for the quarter, compared to analysts expectations of $845.90 million. The company’s revenue was down -17.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Yahoo!. Company shares were Reiterated by Axiom Capital on Apr 20, 2016 to “Hold”, Firm has raised the Price Target to $ 37 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .Company shares were Reiterated by Piper Jaffray on Apr 20, 2016 to “Overweight”, Firm has raised the Price Target to $ 40 from a previous price target of $31 .

Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search communication and digital content. The Company manages its business geographically: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific. The Company’s products include Search Communications Digital content Flickr and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones tablets and PC. Yahoo.com offers news and information including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create share and curate content. Yahoo is also a digital publisher and advertising technology provider.

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