Centaurus Financial Inc. Trims Stake in IAC Inc. (NASDAQ:IAC)

Centaurus Financial Inc. lowered its stake in IAC Inc. (NASDAQ:IACFree Report) by 4.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,684 shares of the company’s stock after selling 1,379 shares during the period. Centaurus Financial Inc.’s holdings in IAC were worth $1,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in IAC in the 4th quarter valued at approximately $39,426,000. Segantii Capital Management Ltd acquired a new position in IAC in the 4th quarter valued at $2,881,000. Parkside Investments LLC raised its holdings in IAC by 13.8% in the 4th quarter. Parkside Investments LLC now owns 176,269 shares of the company’s stock valued at $9,233,000 after acquiring an additional 21,400 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in IAC by 66.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,034,411 shares of the company’s stock valued at $52,124,000 after acquiring an additional 413,440 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in IAC in the 4th quarter valued at $2,579,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Stock Down 1.6 %

NASDAQ:IAC traded down $0.79 on Friday, reaching $47.80. The stock had a trading volume of 337,445 shares, compared to its average volume of 539,039. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.70 and a current ratio of 2.70. The company has a 50-day moving average of $50.80 and a 200 day moving average of $51.64. IAC Inc. has a 12-month low of $41.39 and a 12-month high of $69.85.

IAC (NASDAQ:IACGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.93) EPS for the quarter, topping the consensus estimate of ($1.14) by $0.21. IAC had a negative net margin of 2.54% and a negative return on equity of 3.31%. The business had revenue of $929.68 million for the quarter, compared to analysts’ expectations of $937.68 million. Equities research analysts expect that IAC Inc. will post 0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IAC has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on IAC from $82.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Citigroup dropped their price objective on IAC from $72.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, May 9th. StockNews.com downgraded IAC from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. KeyCorp upped their price target on shares of IAC from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Finally, Truist Financial upped their price target on shares of IAC from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.92.

Check Out Our Latest Report on IAC

IAC Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IAC (NASDAQ:IAC)

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