IAC/InterActiveCorp (IAC) : Bluemountain Capital Management reduced its stake in IAC/InterActiveCorp by 21.13% during the most recent quarter end. The investment management company now holds a total of 828,133 shares of IAC/InterActiveCorp which is valued at $49,166,256 after selling 221,802 shares in IAC/InterActiveCorp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.IAC/InterActiveCorp makes up approximately 1.46% of Bluemountain Capital Management’s portfolio.
Other Hedge Funds, Including , Quantum Capital Management boosted its stake in IAC in the latest quarter, The investment management firm added 79,933 additional shares and now holds a total of 337,037 shares of IAC/InterActiveCorp which is valued at $20,009,887. IAC/InterActiveCorp makes up approx 2.71% of Quantum Capital Management’s portfolio.Nordea Investment Management Ab boosted its stake in IAC in the latest quarter, The investment management firm added 7,675 additional shares and now holds a total of 11,010 shares of IAC/InterActiveCorp which is valued at $657,187.Hall Laurie J Trustee boosted its stake in IAC in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 170 shares of IAC/InterActiveCorp which is valued at $10,061. IAC/InterActiveCorp makes up approx 0.01% of Hall Laurie J Trustee’s portfolio.
On the company’s financial health, IAC/InterActiveCorp reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.50. The company had revenue of $745.40 million for the quarter, compared to analysts expectations of $748.35 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company operates through four segments: Search & Applications, The Match Group, Media and eCommerce. The Search & Applications segment consists of: Websites through, which the Company provides search services, content and other services, and applicationsluding its direct-to-consumer downloadable applications operations (B2C), partnership operations (B2B), SlimWare and Apalon. The Match Group segment consists of its North America dating businesses, International dating businesses and non-dating businesses. The Media segment consists of Vimeo, which offers video creators tools; Electus, a multimedia entertainment studio, and The Daily Beast, a Website dedicated to news, commentary, culture and entertainment. The eCommerce segment consists of HomeAdvisor, an online marketplace for matching consumers with home services professionals, and ShoeBuy, an Internet retailer of footwear and related apparel and accessories.