Armistice Capital buys $21,426,840 stake in Blucora Inc (BCOR)

Blucora Inc (BCOR) : Armistice Capital scooped up 1,074,000 additional shares in Blucora Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,908,000 shares of Blucora Inc which is valued at $21,426,840.Blucora Inc makes up approximately 9.64% of Armistice Capital’s portfolio.

Other Hedge Funds, Including , Hawk Ridge Capital Management Lp reduced its stake in BCOR by selling 124,966 shares or 48.61% in the most recent quarter. The Hedge Fund company now holds 132,132 shares of BCOR which is valued at $1,483,842. Blucora Inc makes up approx 0.83% of Hawk Ridge Capital Management Lp’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in BCOR by selling 101,491 shares or 82.38% in the most recent quarter. The Hedge Fund company now holds 21,709 shares of BCOR which is valued at $243,792.Renaissance Technologies reduced its stake in BCOR by selling 765,200 shares or 45.53% in the most recent quarter. The Hedge Fund company now holds 915,400 shares of BCOR which is valued at $10,279,942. Blucora Inc makes up approx 0.02% of Renaissance Technologies’s portfolio.Alliancebernstein boosted its stake in BCOR in the latest quarter, The investment management firm added 4,800 additional shares and now holds a total of 32,420 shares of Blucora Inc which is valued at $364,077.

Blucora Inc opened for trading at $10.38 and hit $10.68 on the upside on Thursday, eventually ending the session at $10.46, with a gain of 1.06% or 0.11 points. The heightened volatility saw the trading volume jump to 3,00,457 shares. Company has a market cap of $434 M.

On the company’s financial health, Blucora Inc reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.52. The company had revenue of $120.11 million for the quarter, compared to analysts expectations of $123.62 million. The company’s revenue was up 288.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Blucora Inc. is an operator of a portfolio of Internet businesses. The Company operates through three segments: Search and Content Tax Preparation and E-Commerce. Its Search and Content business operates through its InfoSpace LLC subsidiary (InfoSpace) and provides search services to users of the Company owned and operated and distribution partners’ Web properties as well as online content. Its Tax Preparation business consists of the operations of TaxACT Inc. (TaxACT) and provides online tax preparation service for individuals tax preparation software for individuals and professional tax preparers and ancillary services. Its E-Commerce business consists of the operations of Monoprice Inc. (Monoprice) and sells self-branded electronics and accessories to both consumers and businesses.

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