ANGI Homeservices Inc (ANGI) Position Raised by Swiss National Bank
Swiss National Bank increased its position in shares of ANGI Homeservices Inc (NASDAQ:ANGI) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,000 shares of the technology company’s stock after purchasing an additional 6,700 shares during the period. Swiss National Bank’s holdings in ANGI Homeservices were worth $1,092,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stonehill Capital Management LLC purchased a new position in ANGI Homeservices during the first quarter worth about $17,675,000. Quantbot Technologies LP acquired a new stake in ANGI Homeservices in the first quarter valued at approximately $414,000. Next Century Growth Investors LLC raised its holdings in ANGI Homeservices by 35.3% in the first quarter. Next Century Growth Investors LLC now owns 546,443 shares of the technology company’s stock valued at $7,420,000 after acquiring an additional 142,426 shares in the last quarter. Northern Trust Corp raised its holdings in ANGI Homeservices by 6.3% in the first quarter. Northern Trust Corp now owns 138,144 shares of the technology company’s stock valued at $1,877,000 after acquiring an additional 8,145 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in ANGI Homeservices by 6,005.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,982 shares of the technology company’s stock valued at $190,000 after acquiring an additional 13,753 shares in the last quarter. Hedge funds and other institutional investors own 96.69% of the company’s stock.
In other news, major shareholder Luxor Capital Group, Lp acquired 89,000 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average cost of $23.40 per share, for a total transaction of $2,082,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bowman Angela R. Hicks sold 26,301 shares of ANGI Homeservices stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $15.42, for a total transaction of $405,561.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,602 shares of company stock worth $1,012,175. 20.30% of the stock is currently owned by insiders.
ANGI Homeservices (NASDAQ:ANGI) last announced its earnings results on Wednesday, August 8th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $294.80 million for the quarter, compared to analysts’ expectations of $293.43 million. ANGI Homeservices had a negative net margin of 12.14% and a negative return on equity of 10.01%. The company’s quarterly revenue was up 63.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) EPS. equities research analysts expect that ANGI Homeservices Inc will post 0.12 EPS for the current fiscal year.
Several analysts recently weighed in on ANGI shares. ValuEngine raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating in a report on Friday, June 1st. BidaskClub raised shares of ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Wells Fargo & Co raised their target price on shares of ANGI Homeservices from $16.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Deutsche Bank initiated coverage on shares of ANGI Homeservices in a report on Wednesday, May 30th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Zacks Investment Research raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Monday, August 13th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. ANGI Homeservices currently has an average rating of “Buy” and a consensus price target of $17.73.
ANGI Homeservices Company Profile
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
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