Teacher Retirement System of Texas Invests $469,000 in Angi Inc. (NASDAQ:ANGI)

Teacher Retirement System of Texas bought a new position in shares of Angi Inc. (NASDAQ:ANGI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 282,788 shares of the technology company’s stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Angi during the 4th quarter worth about $27,000. Barclays PLC grew its stake in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares in the last quarter. Centiva Capital LP acquired a new position in Angi during the 3rd quarter worth approximately $46,000. Jones Financial Companies Lllp grew its position in Angi by 38.8% in the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after acquiring an additional 7,944 shares in the last quarter. Finally, Trust Co of the South raised its stake in shares of Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock valued at $85,000 after purchasing an additional 25,500 shares during the period. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Stock Down 3.2 %

ANGI stock opened at $15.41 on Tuesday. The firm has a market cap of $766.29 million, a price-to-earnings ratio of 192.65 and a beta of 1.91. Angi Inc. has a 1-year low of $14.90 and a 1-year high of $29.15. The firm has a fifty day moving average price of $17.12 and a two-hundred day moving average price of $19.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Analyst Ratings Changes

Several brokerages have recently weighed in on ANGI. StockNews.com downgraded shares of Angi from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. JMP Securities dropped their price objective on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Citigroup raised their price target on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.50.

Angi Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.