General American Investors Co. Inc. Sells 331,516 Shares of Angi Inc. (NASDAQ:ANGI)

General American Investors Co. Inc. reduced its stake in Angi Inc. (NASDAQ:ANGI) by 24.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,002,188 shares of the technology company’s stock after selling 331,516 shares during the period. General American Investors Co. Inc. owned approximately 0.20% of Angi worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ANGI. Headlands Technologies LLC bought a new stake in shares of Angi in the second quarter valued at approximately $26,000. BNP Paribas Financial Markets raised its position in Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,649 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Angi during the second quarter valued at approximately $85,000. SG Americas Securities LLC acquired a new position in Angi during the first quarter valued at approximately $162,000. Finally, Assenagon Asset Management S.A. acquired a new position in Angi during the second quarter valued at approximately $183,000. 12.84% of the stock is currently owned by institutional investors.

Angi Price Performance

Shares of NASDAQ:ANGI traded up $0.08 during trading on Thursday, hitting $2.61. 34,249 shares of the company were exchanged, compared to its average volume of 703,436. The company has a market capitalization of $1.30 billion, a P/E ratio of -253.00 and a beta of 1.95. Angi Inc. has a 1-year low of $1.60 and a 1-year high of $3.10. The business’s 50 day moving average is $2.55 and its 200-day moving average is $2.32. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $315.13 million during the quarter, compared to the consensus estimate of $305.06 million. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. During the same period in the prior year, the business posted ($0.03) earnings per share.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.78.

Angi Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.