Public Sector Pension Investment Board Has $8.07 Million Stock Holdings in IAC Inc. (NASDAQ:IAC)

Public Sector Pension Investment Board trimmed its holdings in IAC Inc. (NASDAQ:IAC) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,983 shares of the company’s stock after selling 3,700 shares during the quarter. Public Sector Pension Investment Board’s holdings in IAC were worth $8,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of IAC in the second quarter worth about $39,000. GAMMA Investing LLC raised its position in IAC by 98.8% in the 3rd quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock worth $53,000 after purchasing an additional 492 shares during the last quarter. CWM LLC lifted its holdings in IAC by 55.6% during the 2nd quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after buying an additional 408 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in IAC in the 2nd quarter valued at $60,000. Finally, Innealta Capital LLC acquired a new stake in shares of IAC in the 2nd quarter valued at $146,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp decreased their price target on IAC from $66.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Benchmark reiterated a “buy” rating and set a $110.00 price target on shares of IAC in a research report on Tuesday, November 12th. Macquarie restated an “outperform” rating and issued a $14.00 price objective on shares of IAC in a report on Thursday, November 14th. TD Cowen lowered their target price on shares of IAC from $82.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Finally, Citigroup cut their price target on IAC from $70.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.36.

IAC Stock Up 0.6 %

Shares of IAC stock opened at $47.33 on Friday. The company has a market capitalization of $3.81 billion, a P/E ratio of -110.07 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. The business has a 50-day moving average of $51.04 and a two-hundred day moving average of $50.44. IAC Inc. has a 1 year low of $43.51 and a 1 year high of $58.29.

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

About IAC

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.