Renaissance Technologies LLC raised its position in ANGI Homeservices Inc (NASDAQ:ANGI) by 71.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,334,500 shares of the technology company’s stock after buying an additional 976,000 shares during the quarter. Renaissance Technologies LLC owned about 0.46% of ANGI Homeservices worth $30,372,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of ANGI Homeservices by 69.2% in the second quarter. JPMorgan Chase & Co. now owns 3,009 shares of the technology company’s stock valued at $39,000 after buying an additional 1,231 shares during the period. Aperio Group LLC bought a new stake in shares of ANGI Homeservices in the second quarter valued at $56,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ANGI Homeservices by 99.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,144 shares of the technology company’s stock valued at $80,000 after buying an additional 3,060 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of ANGI Homeservices in the second quarter valued at $146,000. Finally, Pitcairn Co. bought a new stake in shares of ANGI Homeservices in the second quarter valued at $166,000. Hedge funds and other institutional investors own 13.94% of the company’s stock.
In related news, Director Bowman Angela R. Hicks sold 18,724 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $14.67, for a total transaction of $274,681.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Craig M. Smith sold 3,823 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $13.02, for a total value of $49,775.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,009,345 shares of company stock valued at $13,891,263. 13.10% of the stock is owned by company insiders.
Shares of NASDAQ ANGI traded up $0.25 during mid-day trading on Friday, hitting $7.98. The company had a trading volume of 1,360,738 shares, compared to its average volume of 1,909,442. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 53.20 and a beta of 2.16. ANGI Homeservices Inc has a 1 year low of $7.56 and a 1 year high of $23.95. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $9.72 and its 200-day moving average price is $13.85.
ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $351.19 million. ANGI Homeservices had a net margin of 6.53% and a return on equity of 6.42%. ANGI Homeservices’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, equities research analysts forecast that ANGI Homeservices Inc will post 0.08 earnings per share for the current year.
ANGI has been the topic of several research reports. SunTrust Banks restated a “buy” rating and issued a $20.00 target price on shares of ANGI Homeservices in a research note on Wednesday, May 22nd. Zacks Investment Research lowered ANGI Homeservices from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Wedbush lowered ANGI Homeservices from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $10.00 in a research note on Friday, August 9th. BidaskClub lowered ANGI Homeservices from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target (down from $23.00) on shares of ANGI Homeservices in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.38.
About ANGI Homeservices
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.
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