Leuthold Group LLC Sells 2,214 Shares of IAC Inc. (NASDAQ:IAC)

Leuthold Group LLC decreased its stake in shares of IAC Inc. (NASDAQ:IAC) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,519 shares of the company’s stock after selling 2,214 shares during the period. Leuthold Group LLC owned approximately 0.08% of IAC worth $3,257,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IAC. Edgestream Partners L.P. bought a new position in IAC in the first quarter valued at $575,000. Louisiana State Employees Retirement System acquired a new stake in shares of IAC during the 2nd quarter worth about $1,649,000. Highbridge Capital Management LLC lifted its stake in shares of IAC by 70.4% during the 2nd quarter. Highbridge Capital Management LLC now owns 165,329 shares of the company’s stock worth $7,746,000 after buying an additional 68,291 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of IAC by 5.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,633,452 shares of the company’s stock worth $76,527,000 after buying an additional 79,951 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of IAC during the 1st quarter worth about $11,460,000. Institutional investors own 88.90% of the company’s stock.

IAC Trading Down 1.1 %

Shares of IAC stock opened at $51.15 on Monday. The firm has a market capitalization of $4.11 billion, a PE ratio of -23.04 and a beta of 1.32. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $52.35 and its 200 day moving average is $50.68. IAC Inc. has a 1 year low of $41.39 and a 1 year high of $58.29.

IAC (NASDAQ:IAC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($1.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($1.39). IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. The company had revenue of $949.50 million for the quarter, compared to the consensus estimate of $942.77 million. During the same period last year, the firm posted ($0.76) earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. Equities research analysts forecast that IAC Inc. will post -0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

IAC has been the subject of a number of research reports. Truist Financial raised their target price on shares of IAC from $87.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. JMP Securities assumed coverage on shares of IAC in a research note on Tuesday, July 9th. They set an “outperform” rating and a $78.00 target price for the company. KeyCorp lowered their price target 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. Barclays lowered their price target on shares of IAC from $73.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Citigroup lowered their price target 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. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $76.40.

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.