Sabal Capital Management Lowers stake in Web.com Group Inc (WEB)

Web.com Group Inc (WEB) : Sabal Capital Management reduced its stake in Web.com Group Inc by 33.04% during the most recent quarter end. The investment management company now holds a total of 246,589 shares of Web.com Group Inc which is valued at $4,251,194 after selling 121,648 shares in Web.com Group Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Web.com Group Inc makes up approximately 9.15% of Sabal Capital Management’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp sold out all of its stake in WEB during the most recent quarter. The investment firm sold 51,062 shares of WEB which is valued $880,309.Fmr reduced its stake in WEB by selling 984,757 shares or 31.66% in the most recent quarter. The Hedge Fund company now holds 2,125,169 shares of WEB which is valued at $36,637,914. Pacad Investment Ltd. sold out all of its stake in WEB during the most recent quarter. The investment firm sold 18,200 shares of WEB which is valued $313,768.Dupont Capital Management Corp reduced its stake in WEB by selling 21,086 shares or 30.96% in the most recent quarter. The Hedge Fund company now holds 47,023 shares of WEB which is valued at $876,979. Web.com Group Inc makes up approx 0.02% of Dupont Capital Management Corp’s portfolio.

On the company’s financial health, Web.com Group Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.59. The company had revenue of $193.90 million for the quarter, compared to analysts expectations of $194.12 million. The company’s revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Web.com Group Inc. (Web.com) provides a range of Internet services to small businesses. The Company offers Domain Name Registration and Services Do-It-For-Me Web Solutions Do-It-Yourself Web Solutions and Online Marketing Services. It offers Domain Name Registration and Services such as domain name registration transfers renewals expiration protection and privacy services. It offers Do-It-For-Me (DIFM) Web Solutions such as custom Website Ignite Facebook Boost by Web.com and eCommerce. It offers Do-It-Yourself Web Solutions such as Website building and marketing solutions. It offers Online Marketing Services such as search engine optimization (SEO) search engine marketing Leads by Web and renovation experts. Web.com offers small businesses subscription-based solutions such as domains hosting Website design and management search engine optimization online marketing campaigns local sales leads social media mobile products and eCommerce solutions.

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