Sterling Capital Management LLC cut its stake in Angi Inc. (NASDAQ:ANGI - Free Report) by 59.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,033 shares of the technology company's stock after selling 29,579 shares during the period. Sterling Capital Management LLC's holdings in Angi were worth $33,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after purchasing an additional 914,037 shares during the period. M&T Bank Corp boosted its stake in shares of Angi by 16.7% in the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company's stock valued at $978,000 after purchasing an additional 84,304 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Angi during the fourth quarter worth approximately $469,000. JPMorgan Chase & Co. boosted its stake in Angi by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after acquiring an additional 65,119 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Angi during the fourth quarter worth about $210,000. 12.84% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on ANGI shares. JMP Securities decreased their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Citigroup dropped their price objective on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Royal Bank of Canada decreased their target price on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Finally, StockNews.com raised shares of Angi from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $27.25.
View Our Latest Research Report on ANGI
Angi Stock Performance
Shares of ANGI traded down $0.43 during midday trading on Wednesday, reaching $11.46. 1,076,795 shares of the stock were exchanged, compared to its average volume of 241,269. The stock's 50 day simple moving average is $14.37 and its 200 day simple moving average is $17.68. Angi Inc. has a twelve month low of $11.00 and a twelve month high of $29.15. The company has a market cap of $569.87 million, a P/E ratio of 143.27 and a beta of 1.88. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47.
About Angi
(
Free Report)
Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.
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