Garnet Equity Capital Holdings adds Tripadvisor Inc (TRIP) to its portfolio

Tripadvisor Inc (TRIP) : Garnet Equity Capital Holdings added new position in Tripadvisor Inc during the most recent quarter end. The investment management firm now holds 15,000 shares of Tripadvisor Inc which is valued at $925,500 , the company said in a statement filed on Aug 10, 2016 with the SEC.Tripadvisor Inc makes up approximately 1.12% of Garnet Equity Capital Holdings’s portfolio.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in TRIP by selling 2,160 shares or 5.5% in the most recent quarter. The Hedge Fund company now holds 37,083 shares of TRIP which is valued at $2,288,021. Tripadvisor Inc makes up approx 0.03% of Texas Permanent School Fund’s portfolio.Denver Investment Advisors reduced its stake in TRIP by selling 40 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 6,745 shares of TRIP which is valued at $415,425. Tripadvisor Inc makes up approx 0.02% of Denver Investment Advisors’s portfolio.Daiwa Securities Group reduced its stake in TRIP by selling 550 shares or 5.56% in the most recent quarter. The Hedge Fund company now holds 9,350 shares of TRIP which is valued at $653,098. Cim sold out all of its stake in TRIP during the most recent quarter. The investment firm sold 6,552 shares of TRIP which is valued $450,384.

Tripadvisor Inc closed down -0.23 points or -0.37% at $62 with 13,88,425 shares getting traded on Friday. Post opening the session at $62.13, the shares hit an intraday low of $61.46 and an intraday high of $62.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Tripadvisor Inc reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $391.00 million for the quarter, compared to analysts expectations of $402.42 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Tripadvisor Inc. Shares were Downgraded by Deutsche Bank on Aug 5, 2016 to ” Hold” and Lowered the Price Target to $ 63 from a previous price target of $71 .Tripadvisor Inc was Upgraded by Raymond James to ” Mkt Perform” on Jul 28, 2016.

TripAdvisor Inc. (TripAdvisor) owns and operates a portfolio of online travel brands. TripAdvisor the Company’s brand is a travel Website. The Company operates in two segments: Hotel and Other. Its Other segment consists of three operating segments which include its vacation rentals restaurants and attractions businesses. The Company’s branded Websites include tripadvisor.com in the United States and localized versions of the TripAdvisor Website in 45 other countries including China under the brand daodao.com and are offered in 28 languages. It features reviews and opinions on accommodations including hotels and accommodations and vacation rentals as well as restaurants and attractions in approximately 147000 destinations throughout the world. In addition to user-generated content its Websites feature price comparison tools and links to partner Websites including travel advertisers where users can book their travel arrangements.

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