Scoggin Management Lp buys $74.2 Million stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Scoggin Management Lp scooped up 1,044,980 additional shares in Yahoo! during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,034,980 shares of Yahoo! which is valued at $74.2 Million.Yahoo! makes up approximately 21.52% of Scoggin Management Lp’s portfolio.

Other Hedge Funds, Including , Rafferty Asset Management reduced its stake in YHOO by selling 4,036 shares or 15.42% in the most recent quarter. The Hedge Fund company now holds 22,144 shares of YHOO which is valued at $807,813. Yahoo! makes up approx 0.04% of Rafferty Asset Management’s portfolio.Utah Retirement Systems boosted its stake in YHOO in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 168,534 shares of Yahoo! which is valued at $6.1 Million. Yahoo! makes up approx 0.17% of Utah Retirement Systems’s portfolio.State Of Wisconsin Investment Board reduced its stake in YHOO by selling 187,710 shares or 13.35% in the most recent quarter. The Hedge Fund company now holds 1,217,910 shares of YHOO which is valued at $45.3 Million. Yahoo! makes up approx 0.18% of State Of Wisconsin Investment Board’s portfolio.

Yahoo! closed down -0.52 points or -1.40% at $36.5 with 3,43,30,703 shares getting traded on Friday. Post opening the session at $36.05, the shares hit an intraday low of $35.88 and an intraday high of $36.72 and the price fluctuated in this range throughout the day.Shares ended Friday 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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