33,108 Shares in IAC Inc. (NASDAQ:IAC) Acquired by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. acquired a new position in IAC Inc. (NASDAQ:IAC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,108 shares of the company’s stock, valued at approximately $1,782,000.

A number of other hedge funds have also recently added to or reduced their stakes in IAC. Comerica Bank boosted its position in IAC by 52.7% during the first quarter. Comerica Bank now owns 10,929 shares of the company’s stock worth $583,000 after purchasing an additional 3,772 shares during the period. CWM LLC boosted its position in IAC by 55.6% during the second quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after purchasing an additional 408 shares during the period. Parkside Investments LLC boosted its position in IAC by 2.3% during the second quarter. Parkside Investments LLC now owns 209,499 shares of the company’s stock worth $9,815,000 after purchasing an additional 4,645 shares during the period. QRG Capital Management Inc. boosted its position in IAC by 8.2% during the second quarter. QRG Capital Management Inc. now owns 27,239 shares of the company’s stock worth $1,276,000 after purchasing an additional 2,073 shares during the period. Finally, SG Americas Securities LLC bought a new stake in IAC during the second quarter worth approximately $312,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Performance

IAC stock traded down $0.36 during midday trading on Tuesday, hitting $48.14. The stock had a trading volume of 17,442 shares, compared to its average volume of 661,736. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -111.95 and a beta of 1.31. IAC Inc. has a 52 week low of $43.51 and a 52 week high of $58.29. The stock has a 50-day simple moving average of $50.93 and a 200 day simple moving average of $50.28. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30.

IAC (NASDAQ:IAC) last issued its earnings results on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The firm had revenue of $938.70 million during the quarter, compared to the consensus estimate of $922.62 million. IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period last year, the business earned ($0.30) earnings per share. As a group, equities research analysts anticipate that IAC Inc. will post -3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen decreased their target price on IAC from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Macquarie reissued an “outperform” rating and issued a $14.00 price objective on shares of IAC in a research report on Thursday, November 14th. Barclays reduced their price objective on IAC from $70.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. UBS Group raised IAC to a “hold” rating in a research report on Monday, October 28th. Finally, KeyCorp reduced their price objective on IAC from $66.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.36.

IAC Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.