Mutual of America Capital Management LLC Sells 851 Shares of IAC Inc. (NASDAQ:IAC)

Mutual of America Capital Management LLC lowered its position in IAC Inc. (NASDAQ:IAC) by 7.4% in the 3rd quarter, Holdings Channel reports. The firm owned 10,633 shares of the company’s stock after selling 851 shares during the quarter. Mutual of America Capital Management LLC’s holdings in IAC were worth $572,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC increased its holdings in 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 purchasing an additional 79,951 shares during the period. Bank of New York Mellon Corp increased its holdings in IAC by 113.4% during the second quarter. Bank of New York Mellon Corp now owns 531,296 shares of the company’s stock valued at $24,891,000 after buying an additional 282,304 shares during the period. WCM Investment Management LLC raised its stake in IAC by 25.0% in the third quarter. WCM Investment Management LLC now owns 379,556 shares of the company’s stock worth $20,762,000 after buying an additional 75,918 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in IAC by 5,474.2% during the second quarter. Principal Financial Group Inc. now owns 343,429 shares of the company’s stock worth $16,090,000 after buying an additional 337,268 shares during the period. Finally, DME Capital Management LP bought a new position in shares of IAC in the 2nd quarter worth $13,655,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analyst Ratings Changes

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

IAC Trading Down 1.6 %

IAC stock opened at $47.76 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm has a market cap of $3.84 billion, a PE ratio of -111.07 and a beta of 1.33. The stock’s 50 day simple moving average is $51.47 and its two-hundred day simple moving average is $50.55. IAC Inc. has a 12 month low of $43.51 and a 12 month high of $58.29.

IAC (NASDAQ:IAC) last released its quarterly 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 firm had revenue of $938.70 million for the quarter, compared to analyst estimates of $922.62 million. IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The firm’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.30) EPS. Analysts anticipate that IAC Inc. will post -3.97 earnings per share for the current 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.