505 Shares in IAC Inc. (NASDAQ:IAC) Acquired by Riverview Trust Co

Riverview Trust Co bought a new position in IAC Inc. (NASDAQ:IAC) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 505 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its stake in IAC by 12.6% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 219,224 shares of the company’s stock worth $11,483,000 after purchasing an additional 24,589 shares during the period. Patient Capital Management LLC increased its stake in IAC by 7.7% in the 4th quarter. Patient Capital Management LLC now owns 1,366,938 shares of the company’s stock worth $71,600,000 after purchasing an additional 97,938 shares during the period. Garden State Investment Advisory Services LLC increased its stake in IAC by 1.3% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 15,010 shares of the company’s stock worth $786,000 after purchasing an additional 196 shares during the period. Freshford Capital Management LLC increased its stake in IAC by 18.7% in the 4th quarter. Freshford Capital Management LLC now owns 1,645,314 shares of the company’s stock worth $86,182,000 after purchasing an additional 259,000 shares during the period. Finally, First Trust Advisors LP purchased a new position in IAC in the 4th quarter worth approximately $27,053,000. Institutional investors own 88.90% of the company’s stock.

IAC Trading Down 0.5 %

NASDAQ IAC opened at $46.36 on Thursday. IAC Inc. has a 12 month low of $41.39 and a 12 month high of $69.85. The stock has a market cap of $3.72 billion, a P/E ratio of -29.34 and a beta of 1.34. The stock’s fifty day moving average price is $50.40 and its 200-day moving average price is $51.61. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.29.

IAC (NASDAQ:IAC) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.93) EPS for the quarter, beating the consensus estimate of ($1.14) by $0.21. IAC had a negative return on equity of 3.31% and a negative net margin of 2.54%. The company had revenue of $929.68 million for the quarter, compared to analysts’ expectations of $937.68 million. As a group, equities analysts forecast that IAC Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IAC. Citigroup reduced their target price on IAC from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. StockNews.com cut IAC from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. KeyCorp boosted their target price on IAC from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Wells Fargo & Company boosted their target price on IAC from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Finally, Oppenheimer boosted their target price on IAC from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.92.

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.