Summit Securities Group adds Yahoo! (YHOO) to its portfolio

Yahoo! (YHOO) : Summit Securities Group added new position in Yahoo! during the most recent quarter end. The investment management firm now holds 74,565 shares of Yahoo! which is valued at $2.7 Million , the company said in a statement filed on May 11, 2016 with the SEC.Yahoo! makes up approximately 1.96% of Summit Securities Group’s portfolio.

Other Hedge Funds, Including , Adell Harriman Carpenter Inc reduced its stake in YHOO by selling 750 shares or 8.96% in the most recent quarter. The Hedge Fund company now holds 7,625 shares of YHOO which is valued at $278,160. Yahoo! makes up approx 0.08% of Adell Harriman Carpenter Inc’s portfolio.Stratos Wealth Partners Ltd. reduced its stake in YHOO by selling 423 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 10,419 shares of YHOO which is valued at $380,085. Yahoo! makes up approx 0.03% of Stratos Wealth Partners Ltd.’s portfolio.Ngam Advisors boosted its stake in YHOO in the latest quarter, The investment management firm added 1,055 additional shares and now holds a total of 15,092 shares of Yahoo! which is valued at $561,875. Yahoo! makes up approx 0.01% of Ngam Advisors’s portfolio.North Star Asset Management Inc boosted its stake in YHOO in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 10,300 shares of Yahoo! which is valued at $383,469. Yahoo! makes up approx 0.05% of North Star Asset Management Inc’s portfolio.

Yahoo! opened for trading at $37.03 and hit $37.79 on the upside on Monday, eventually ending the session at $37.48, with a gain of 2.74% or 1 points. The heightened volatility saw the trading volume jump to 1,69,95,080 shares. Company has a market cap of $35,571 M.

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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