Aristotle Fund adds Lendingtree Inc (TREE) to its portfolio

Lendingtree Inc (TREE) : Aristotle Fund added new position in Lendingtree Inc during the most recent quarter end. The investment management firm now holds 18,000 shares of Lendingtree Inc which is valued at $1,842,840 , the company said in a statement filed on Aug 3, 2016 with the SEC.Lendingtree Inc makes up approximately 4.34% of Aristotle Fund’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in TREE in the latest quarter, The investment management firm added 147 additional shares and now holds a total of 2,791 shares of Lendingtree Inc which is valued at $285,743.Emerald Advisers Incpa reduced its stake in TREE by selling 12,275 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 268,030 shares of TREE which is valued at $27,065,669. Lendingtree Inc makes up approx 1.23% of Emerald Advisers Incpa’s portfolio.Capstone Asset Management Co boosted its stake in TREE in the latest quarter, The investment management firm added 830 additional shares and now holds a total of 4,760 shares of Lendingtree Inc which is valued at $470,764. Lendingtree Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Cutler Group Lp boosted its stake in TREE in the latest quarter, The investment management firm added 4,632 additional shares and now holds a total of 5,885 shares of Lendingtree Inc which is valued at $582,027. Lendingtree Inc makes up approx 0.04% of Cutler Group Lp’s portfolio.

Lendingtree Inc closed down -1.85 points or -1.68% at $108.17 with 2,86,402 shares getting traded on Monday. Post opening the session at $110.82, the shares hit an intraday low of $107.76 and an intraday high of $111.479 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Lendingtree Inc reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $94.30 million for the quarter, compared to analysts expectations of $95.14 million. The company’s revenue was up 71.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Lendingtree Inc. Company shares were Reiterated by Compass Point on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 120 from a previous price target of $100 .Company shares were Reiterated by Mizuho on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 122 from a previous price target of $110 .Compass Point Initiated Lendingtree Inc on Jun 2, 2016 to “Buy”, Price Target of the shares are set at $100.

LendingTree Inc. (LendingTree) formerly Tree.com Inc. is engaged in operating an online loan marketplace for consumers an array of loan types and other credit-based offerings. The Company offers consumers tools and resources including free credit scores which help them to comparison-shop for mortgage loans home equity loans and lines of credit reverse mortgages personal loans auto loans student loans credit cards small business loans and other related offerings. And upon submitting their relevant information to the Company through an inquiry form it seeks to match in-market consumers with multiple lenders on its marketplace. The Company operates in four segments: lending auto education and home services. It provides information and tools including free credit scores located on its various Websites. In addition the Company provides consumers with access to offers from multiple lenders.

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