Silverback Asset Management adds Monster Worldwide (MWW) to its portfolio

Monster Worldwide (MWW) : Silverback Asset Management added new position in Monster Worldwide during the most recent quarter end. The investment management firm now holds 36,800 shares of Monster Worldwide which is valued at $97,888 , the company said in a statement filed on May 13, 2016 with the SEC.Monster Worldwide makes up approximately 0.09% of Silverback Asset Management’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in MWW by selling 1,621,529 shares or 71.5% in the most recent quarter. The Hedge Fund company now holds 646,253 shares of MWW which is valued at $1.7 Million.Cornerstone Capital Management Holdings. boosted its stake in MWW in the latest quarter, The investment management firm added 18,000 additional shares and now holds a total of 659,700 shares of Monster Worldwide which is valued at $1.8 Million. Monster Worldwide makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio. Clark Estates Incny added MWW to its portfolio by purchasing 755,000 company shares during the most recent quarter which is valued at $2 Million. Monster Worldwide makes up approx 0.40% of Clark Estates Incny’s portfolio. Smith Asset Management Group Lp sold out all of its stake in MWW during the most recent quarter. The investment firm sold 19,440 shares of MWW which is valued $55,015.

Monster Worldwide opened for trading at $2.53 and hit $2.62 on the upside on Wednesday, eventually ending the session at $2.62, with a gain of 3.56% or 0.09 points. The heightened volatility saw the trading volume jump to 18,30,783 shares. Company has a market cap of $233 M.

On the company’s financial health, Monster Worldwide reported $0.07 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $0.07. The company had revenue of $157.79 million for the quarter, compared to analysts expectations of $159.85 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.07 EPS.

Monster Worldwide Inc. is engaged in connecting people to jobs. The Company offers services in over 40 countries providing job seeking career management recruitment and talent management capabilities. The Company operates in three segments: Careers-North America Careers-International and Internet Advertising & Fees. The Company’s Careers North America and International segments works by connecting employers with job seekers at various levels and by providing searchable jobs and career management resources online in North America Europe and Asia markets. Its Internet Advertising & Fees business operates a network of Websites that connect companies to targeted audiences. Its services and solutions include: searchable job advertisements; resume database access; recruitment media solutions through its advertising network and partnerships; Twitter Cards and social job distribution; social profile aggregation and other career-related content.

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