Courage Capital Management buys $72,998,000 stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Courage Capital Management scooped up 175,000 additional shares in Yahoo! during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,700,000 shares of Yahoo! which is valued at $72,998,000.Yahoo! makes up approximately 73.20% of Courage Capital Management’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in YHOO by selling 108,513 shares or 6.16% in the most recent quarter. The Hedge Fund company now holds 1,654,365 shares of YHOO which is valued at $71,038,433. Yahoo! makes up approx 0.06% of Alliancebernstein’s portfolio.

Yahoo! closed down -0.01 points or -0.02% at $42.26 with 45,55,600 shares getting traded on Monday. Post opening the session at $42.2, the shares hit an intraday low of $42.0801 and an intraday high of $42.46 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Yahoo! reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 18, 2016. Analyst had a consensus of $0.10. The company had revenue of $842.00 million for the quarter, compared to analysts expectations of $836.80 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Yahoo!. Company shares were Reiterated by BofA/Merrill on Aug 23, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $50 .Yahoo! was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 26, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 39 from a previous price target of $38 .

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. 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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