R. G. Niederhoffer Capital Management Inc adds Yahoo! (YHOO) to its portfolio

Yahoo! (YHOO) : R. G. Niederhoffer Capital Management Inc added new position in Yahoo! during the most recent quarter end. The investment management firm now holds 6,200 shares of Yahoo! which is valued at $238,018 , the company said in a statement filed on Aug 2, 2016 with the SEC.Yahoo! makes up approximately 1.45% of R. G. Niederhoffer Capital Management Inc’s portfolio.

Other Hedge Funds, Including , New Jersey Better Educational Savings Trust reduced its stake in YHOO by selling 10,000 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 20,000 shares of YHOO which is valued at $767,800. Yahoo! makes up approx 0.49% of New Jersey Better Educational Savings Trust’s portfolio.Hanson Doremus Investment Management boosted its stake in YHOO in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 375 shares of Yahoo! which is valued at $14,321. Yahoo! makes up approx 0.01% of Hanson Doremus Investment Management’s portfolio.Markston International reduced its stake in YHOO by selling 1,760 shares or 3.44% in the most recent quarter. The Hedge Fund company now holds 49,429 shares of YHOO which is valued at $1,910,925. Yahoo! makes up approx 0.17% of Markston International’s portfolio.Creative Planning boosted its stake in YHOO in the latest quarter, The investment management firm added 4,071 additional shares and now holds a total of 102,628 shares of Yahoo! which is valued at $3,862,918. Yahoo! makes up approx 0.03% of Creative Planning’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in YHOO by selling 1,851,080 shares or 68.58% in the most recent quarter. The Hedge Fund company now holds 847,880 shares of YHOO which is valued at $31,998,991. Yahoo! makes up approx 0.14% of Bnp Paribas Arbitrage Sa’s portfolio.

Yahoo! opened for trading at $39 and hit $39.27 on the upside on Monday, eventually ending the session at $39.24, with a gain of 0.64% or 0.25 points. The heightened volatility saw the trading volume jump to 1,01,31,279 shares. Company has a market cap of $37,241 M.

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!. 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 .Company shares were Reiterated by UBS on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .

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. Yahoo.com 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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