S&CO Inc. Buys 7,885 Shares of IAC Inc. (NASDAQ:IAC)

S&CO Inc. lifted its stake in shares of IAC Inc. (NASDAQ:IAC) by 4.0% in the third quarter, HoldingsChannel.com reports. The fund owned 203,145 shares of the company’s stock after acquiring an additional 7,885 shares during the quarter. S&CO Inc.’s holdings in IAC were worth $10,933,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Tandem Capital Management Corp ADV raised its position in IAC by 0.6% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 47,222 shares of the company’s stock worth $2,192,000 after purchasing an additional 260 shares during the period. Greenwich Wealth Management LLC raised its position in IAC by 3.0% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,635 shares of the company’s stock worth $451,000 after purchasing an additional 284 shares during the period. Nisa Investment Advisors LLC increased its position in shares of IAC by 2.7% in the third quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock valued at $833,000 after acquiring an additional 405 shares during the period. CWM LLC increased its position in shares of IAC by 55.6% in the second quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $54,000 after acquiring an additional 408 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of IAC by 1.6% in the third quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock valued at $1,705,000 after acquiring an additional 490 shares during the period. 88.90% of the stock is owned by institutional investors.

IAC Trading Down 0.1 %

NASDAQ:IAC opened at $46.95 on Friday. IAC Inc. has a one year low of $43.51 and a one year high of $58.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.68. The company’s 50-day simple moving average is $51.97 and its 200 day simple moving average is $50.89.

IAC (NASDAQ:IAC) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The business had revenue of $938.70 million for the quarter, compared to the consensus estimate of $922.62 million. During the same period in the previous year, the firm earned ($0.30) EPS. The company’s revenue was down 15.5% on a year-over-year basis. As a group, equities analysts anticipate that IAC Inc. will post -3.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IAC has been the topic of a number of analyst reports. Truist Financial decreased their price objective on shares of IAC from $88.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup decreased their price objective on shares of IAC from $70.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays decreased their price objective on shares of IAC from $70.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday. KeyCorp decreased their price objective on shares of IAC from $67.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Finally, Macquarie restated an “outperform” rating and issued a $14.00 price objective on shares of IAC in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, IAC currently has a consensus rating of “Moderate Buy” and an average target price of $70.91.

IAC Company 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.