Anandar Capital Management Lp buys $16.6 Million stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Anandar Capital Management Lp scooped up 405,000 additional shares in Yahoo! during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 455,000 shares of Yahoo! which is valued at $16.6 Million.Yahoo! makes up approximately 11.87% of Anandar Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in YHOO by selling 210,914 shares or 88.46% in the most recent quarter. The Hedge Fund company now holds 27,519 shares of YHOO which is valued at $1 Million.Group One Trading boosted its stake in YHOO in the latest quarter, The investment management firm added 49,999 additional shares and now holds a total of 95,783 shares of Yahoo! which is valued at $3.5 Million. Yahoo! makes up approx 0.39% of Group One Trading’s portfolio. Martingale Asset Management L P sold out all of its stake in YHOO during the most recent quarter. The investment firm sold 8,285 shares of YHOO which is valued $302,237.Comerica Bank boosted its stake in YHOO in the latest quarter, The investment management firm added 7,419 additional shares and now holds a total of 238,166 shares of Yahoo! which is valued at $8.7 Million. Yahoo! makes up approx 0.08% of Comerica Bank’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 $7.3 Million. Yahoo! makes up approx 0.06% of Public Employees Retirement Association Of Colorado’s portfolio.

Yahoo! closed down -1.94 points or -5.17% at $35.59 with 3,39,98,081 shares getting traded on Wednesday. Post opening the session at $36.63, the shares hit an intraday low of $35.47 and an intraday high of $36.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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