Monster Worldwide Inc. (MWW) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System boosted its stake in shares of Monster Worldwide Inc. (NYSE:MWW) by 3.9% during the second quarter, Holdings Channel reports. The institutional investor owned 647,296 shares of the company’s stock after buying an additional 24,000 shares during the period. California Public Employees Retirement System owned 0.73% of Monster Worldwide worth $1,547,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new position in shares of Monster Worldwide during the second quarter valued at $1,878,000. Spark Investment Management LLC raised its position in Monster Worldwide by 302.6% in the first quarter. Spark Investment Management LLC now owns 628,500 shares of the company’s stock worth $2,048,000 after buying an additional 472,400 shares during the period. A.R.T. Advisors LLC bought a new position in Monster Worldwide during the first quarter worth $1,055,000. Bank of Montreal Can bought a new position in Monster Worldwide during the second quarter worth $601,000. Finally, Acadian Asset Management LLC raised its position in Monster Worldwide by 32.9% in the second quarter. Acadian Asset Management LLC now owns 925,383 shares of the company’s stock worth $2,211,000 after buying an additional 229,169 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.
Shares of Monster Worldwide Inc. (NYSE:MWW) traded up 1.76% during midday trading on Monday, reaching $3.46. The company’s stock had a trading volume of 147,949 shares. The company’s market cap is $308.16 million. Monster Worldwide Inc. has a 12 month low of $2.13 and a 12 month high of $7.74. The stock has a 50-day moving average of $3.59 and a 200 day moving average of $3.05.
Monster Worldwide (NYSE:MWW) last released its earnings results on Tuesday, August 9th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.05. The firm had revenue of $150.90 million for the quarter, compared to the consensus estimate of $156.87 million. Monster Worldwide had a positive return on equity of 3.67% and a negative net margin of 8.79%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. On average, analysts predict that Monster Worldwide Inc. will post $0.05 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on MWW shares. BMO Capital Markets lowered Monster Worldwide from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $4.00 to $3.00 in a research report on Monday, July 11th. Avondale Partners lowered Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 price target for the company. in a research report on Monday, August 22nd. Finally, B. Riley lowered Monster Worldwide to a “neutral” rating and set a $3.40 price target for the company. in a research report on Monday, August 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $3.41.
In other news, EVP Michael Connolly Miller sold 7,103 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $3.54, for a total transaction of $25,144.62. Following the completion of the sale, the executive vice president now owns 144,974 shares in the company, valued at $513,207.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.
About Monster Worldwide
Monster Worldwide, Inc is engaged in connecting people to jobs. The Company offers services in over 40 countries, providing job seeking, career management, recruitment and talent management capabilities. The Company’s segments include Careers-North America and Careers-International. It offers digital, social and mobile solutions through its flagship Website monster.com.
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