Cedar Hill Associates Lowers stake in IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp (IAC) : Cedar Hill Associates reduced its stake in IAC/InterActiveCorp by 1.04% during the most recent quarter end. The investment management company now holds a total of 159,825 shares of IAC/InterActiveCorp which is valued at $9,463,238 after selling 1,675 shares in IAC/InterActiveCorp , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.IAC/InterActiveCorp makes up approximately 1.58% of Cedar Hill Associates’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp boosted its stake in IAC in the latest quarter, The investment management firm added 611 additional shares and now holds a total of 2,224 shares of IAC/InterActiveCorp which is valued at $131,616. IAC/InterActiveCorp makes up approx 0.01% of Cutler Group Lp’s portfolio.Hall Laurie J Trustee boosted its stake in IAC in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 170 shares of IAC/InterActiveCorp which is valued at $10,061. IAC/InterActiveCorp makes up approx 0.01% of Hall Laurie J Trustee’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in IAC in the latest quarter, The investment management firm added 737 additional shares and now holds a total of 4,196 shares of IAC/InterActiveCorp which is valued at $239,298.

On the company’s financial health, IAC/InterActiveCorp reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.34. The company had revenue of $819.20 million for the quarter, compared to analysts expectations of $806.30 million. The company’s revenue was up 6.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on IAC/InterActiveCorp. IAC/InterActiveCorp was Downgraded by Stifel to ” Hold” on May 5, 2016.

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company operates through four segments: Search & Applications, The Match Group, Media and eCommerce. The Search & Applications segment consists of: Websites through, which the Company provides search services, content and other services, and applicationsluding its direct-to-consumer downloadable applications operations (B2C), partnership operations (B2B), SlimWare and Apalon. The Match Group segment consists of its North America dating businesses, International dating businesses and non-dating businesses. The Media segment consists of Vimeo, which offers video creators tools; Electus, a multimedia entertainment studio, and The Daily Beast, a Website dedicated to news, commentary, culture and entertainment. The eCommerce segment consists of HomeAdvisor, an online marketplace for matching consumers with home services professionals, and ShoeBuy, an Internet retailer of footwear and related apparel and accessories.

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