IAC/InterActiveCorp (IAC) : Corsair Capital Management scooped up 9,337 additional shares in IAC/InterActiveCorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 544,793 shares of IAC/InterActiveCorp which is valued at $32,535,038.IAC/InterActiveCorp makes up approximately 4.83% of Corsair Capital Management’s portfolio.
Other Hedge Funds, Including , Assetmark Inc boosted its stake in IAC in the latest quarter, The investment management firm added 315 additional shares and now holds a total of 410 shares of IAC/InterActiveCorp which is valued at $24,485. Glenmede Trust Co Na added IAC to its portfolio by purchasing 119 company shares during the most recent quarter which is valued at $7,185.Royal London Asset Management Ltd reduced its stake in IAC by selling 365 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 24,205 shares of IAC which is valued at $1,427,127. IAC/InterActiveCorp makes up approx 0.02% of Royal London Asset Management Ltd’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in IAC by selling 747 shares or 4.14% in the most recent quarter. The Hedge Fund company now holds 17,307 shares of IAC which is valued at $1,003,114. IAC/InterActiveCorp makes up approx 0.01% of Public Employees Retirement Association Of Colorado’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.