Aristeia Capital LLC decreased its position in shares of Match Group Inc (NASDAQ:MTCH) by 55.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,000 shares of the technology company’s stock after selling 129,692 shares during the quarter. Aristeia Capital LLC’s holdings in Match Group were worth $3,288,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado grew its position in shares of Match Group by 211.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after buying an additional 2,434 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Match Group by 2,627.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock valued at $117,000 after purchasing an additional 3,600 shares during the period. The Manufacturers Life Insurance Company grew its position in Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares during the period. Delpha Capital Management LLC acquired a new stake in Match Group in the 4th quarter valued at $138,000. Finally, Turner Investments LLC acquired a new stake in Match Group in the 3rd quarter valued at $162,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.
Shares of Match Group stock opened at $46.47 on Monday. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.40 and a quick ratio of 1.40. Match Group Inc has a 52 week low of $15.42 and a 52 week high of $46.95. The stock has a market capitalization of $12,748.12, a P/E ratio of 77.45, a price-to-earnings-growth ratio of 3.59 and a beta of 0.45.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 31.33%. The company had revenue of $379.00 million during the quarter, compared to the consensus estimate of $362.86 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 28.5% compared to the same quarter last year. equities analysts expect that Match Group Inc will post 1.04 EPS for the current year.
MTCH has been the subject of several research reports. Guggenheim raised shares of Match Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. BidaskClub upgraded Match Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 25th. Vetr upgraded Match Group from a “buy” rating to a “strong-buy” rating and set a $35.61 target price on the stock in a research note on Tuesday, January 16th. Wells Fargo reiterated an “outperform” rating and set a $38.00 target price (up from $33.00) on shares of Match Group in a research note on Monday, January 8th. Finally, Zacks Investment Research cut Match Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $39.32.
In related news, CAO Philip D. Eigenmann sold 7,081 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $39.94, for a total transaction of $282,815.14. Following the completion of the transaction, the chief accounting officer now owns 12,500 shares in the company, valued at $499,250. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ann Mcdaniel sold 5,676 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total value of $227,550.84. The disclosure for this sale can be found here. Insiders sold 721,437 shares of company stock valued at $28,580,747 in the last quarter. Corporate insiders own 18.10% of the company’s stock.
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Match Group Company Profile
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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