Sunriver Management Exits Position in Match Group Inc (MTCH)

Match Group Inc (MTCH) : Sunriver Management has sold out all of its stake in Match Group Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 110,900 shares of Match Group Inc which is valued at $1,776,618.

Other Hedge Funds, Including , Panagora Asset Management Inc boosted its stake in MTCH in the latest quarter, The investment management firm added 105,987 additional shares and now holds a total of 302,922 shares of Match Group Inc which is valued at $4,852,810. Match Group Inc makes up approx 0.02% of Panagora Asset Management Inc’s portfolio.Citadel Advisors reduced its stake in MTCH by selling 584,693 shares or 73.31% in the most recent quarter. The Hedge Fund company now holds 212,913 shares of MTCH which is valued at $3,410,866. Match Group Inc makes up approx 0.01% of Citadel Advisors’s portfolio.Blackrock Fund Advisors reduced its stake in MTCH by selling 49,280 shares or 16.22% in the most recent quarter. The Hedge Fund company now holds 254,572 shares of MTCH which is valued at $4,078,243. Edmond De Rothschild Asset Management (france) added MTCH to its portfolio by purchasing 17,000 company shares during the most recent quarter which is valued at $272,340. Match Group Inc makes up approx 0.01% of Edmond De Rothschild Asset Management (france)’s portfolio. Gsa Capital Partners Llp sold out all of its stake in MTCH during the most recent quarter. The investment firm sold 100,131 shares of MTCH which is valued $1,593,084.

On the company’s financial health, Match Group Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $285.30 million for the quarter, compared to analysts expectations of $281.08 million. The company’s revenue was up 21.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on Match Group Inc. JP Morgan Upgraded Match Group Inc on Jul 28, 2016 to ” Overweight”, Price Target of the shares are set at $19.

Match Group Inc. is engaged in providing dating products. The Company operates through two segments: Dating and Non-dating. The Company operates a portfolio of over 45 brands. The Company through its portfolio of brands provides products to meet the varying preferences of its users. Its Dating segment provides dating products through brands such as Match OkCupid Tinder PlentyOfFish Meetic Twoo OurTime and FriendScout24. The Company’s Non-dating segment provides a range of education services. Through The Princeton Review Non-dating segment offers services including test preparation academic tutoring and college counseling services. The Princeton Review includes Tutor.com which provides online on demand one-on-one tutoring services. The Company offers dating products in approximately 40 languages across over 190 countries.

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