Two Sigma Advisers LP Boosts Holdings in IAC Inc. (NASDAQ:IAC)

Two Sigma Advisers LP increased its position in IAC Inc. (NASDAQ:IAC - Free Report) by 99.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,992 shares of the company's stock after purchasing an additional 8,975 shares during the quarter. Two Sigma Advisers LP's holdings in IAC were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Applied Fundamental Research LLC grew its holdings in IAC by 12.1% in the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock worth $17,955,000 after purchasing an additional 44,835 shares during the period. Bryce Point Capital LLC bought a new stake in shares of IAC in the 4th quarter worth approximately $595,000. Barclays PLC grew its stake in shares of IAC by 922.5% in the 3rd quarter. Barclays PLC now owns 60,737 shares of the company's stock worth $3,268,000 after buying an additional 54,797 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of IAC by 4,238.5% in the 4th quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock worth $9,897,000 after buying an additional 224,131 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in IAC by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company's stock valued at $41,728,000 after buying an additional 19,148 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on IAC shares. Barclays cut their target price on IAC from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective on shares of IAC from $60.00 to $45.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Cowen restated a "buy" rating on shares of IAC in a research note on Monday, May 5th. The Goldman Sachs Group dropped their target price on shares of IAC from $60.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Citigroup cut their price target on shares of IAC from $47.55 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, IAC currently has an average rating of "Moderate Buy" and a consensus price target of $55.38.

IAC Stock Performance

IAC stock traded down $0.07 on Thursday, hitting $36.51. The company had a trading volume of 244,858 shares, compared to its average volume of 801,466. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC Inc. has a 12-month low of $32.05 and a 12-month high of $55.40. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -5.60 and a beta of 1.24. The stock's 50-day simple moving average is $35.95 and its 200 day simple moving average is $41.77.

IAC (NASDAQ:IAC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported ($2.80) earnings per share for the quarter, beating the consensus estimate of ($3.94) by $1.14. IAC had a negative return on equity of 7.98% and a negative net margin of 14.18%. The firm had revenue of $570.49 million for the quarter, compared to analysts' expectations of $809.18 million. During the same period in the prior year, the firm earned $0.51 EPS. The company's revenue was down 8.6% compared to the same quarter last year. As a group, equities research analysts expect that IAC Inc. will post 0.43 earnings per share for the current fiscal year.

IAC Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.