Cooper Creek Partners Management LLC Invests $821,000 in ANGI Homeservices Inc (NASDAQ:ANGI) Stock
Cooper Creek Partners Management LLC acquired a new stake in ANGI Homeservices Inc (NASDAQ:ANGI) in the first quarter, HoldingsChannel reports. The fund acquired 53,148 shares of the technology company’s stock, valued at approximately $821,000.
Other hedge funds have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in ANGI Homeservices by 140.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock valued at $97,000 after acquiring an additional 3,664 shares during the last quarter. First Manhattan Co. raised its holdings in ANGI Homeservices by 145.0% in the 1st quarter. First Manhattan Co. now owns 8,575 shares of the technology company’s stock valued at $132,000 after acquiring an additional 5,075 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in ANGI Homeservices in the 4th quarter valued at about $165,000. Parametrica Management Ltd acquired a new stake in ANGI Homeservices in the 1st quarter valued at about $176,000. Finally, SG Americas Securities LLC acquired a new stake in ANGI Homeservices in the 4th quarter valued at about $188,000. Institutional investors own 14.38% of the company’s stock.
A number of research firms have commented on ANGI. BidaskClub downgraded shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Zacks Investment Research downgraded shares of ANGI Homeservices from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Aegis began coverage on shares of ANGI Homeservices in a report on Monday, April 8th. They issued a “buy” rating and a $22.00 price objective for the company. SunTrust Banks reiterated a “buy” rating and issued a $20.00 price objective on shares of ANGI Homeservices in a report on Wednesday, May 22nd. Finally, ValuEngine downgraded shares of ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. ANGI Homeservices presently has an average rating of “Buy” and a consensus target price of $23.15.
ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $303.44 million during the quarter, compared to the consensus estimate of $305.54 million. ANGI Homeservices had a net margin of 8.15% and a return on equity of 8.11%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) EPS. As a group, research analysts expect that ANGI Homeservices Inc will post 0.19 EPS for the current year.
In other news, CMO Allison Lowrie sold 7,637 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $16.22, for a total transaction of $123,872.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William B. Ridenour sold 10,957 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $16.35, for a total transaction of $179,146.95. The disclosure for this sale can be found here. Insiders have sold a total of 282,225 shares of company stock valued at $4,400,539 in the last 90 days. Insiders own 20.30% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2019/06/16/cooper-creek-partners-management-llc-invests-821000-in-angi-homeservices-inc-nasdaqangi-stock.html.
ANGI Homeservices Profile
ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.
Further Reading: Purposes and Functions of the Federal Reserve
Want to see what other hedge funds are holding ANGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANGI Homeservices Inc (NASDAQ:ANGI).
Receive News & Ratings for ANGI Homeservices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANGI Homeservices and related companies with MarketBeat.com's FREE daily email newsletter.