Thompson Siegel & Walmsley LLC Has $76.53 Million Holdings in IAC Inc. (NASDAQ:IAC)

Thompson Siegel & Walmsley LLC lifted its stake in shares of IAC Inc. (NASDAQ:IAC) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,633,452 shares of the company’s stock after buying an additional 79,951 shares during the quarter. IAC comprises approximately 1.2% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 20th largest holding. Thompson Siegel & Walmsley LLC owned about 2.03% of IAC worth $76,527,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Riverview Trust Co acquired a new position in IAC during the 1st quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in shares of IAC during the second quarter worth approximately $39,000. CWM LLC raised its position in shares of 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. 1620 Investment Advisors Inc. bought a new position in shares of IAC in the 2nd quarter worth $60,000. Finally, Geneos Wealth Management Inc. acquired a new stake in IAC in the 1st quarter valued at $80,000. Institutional investors own 88.90% of the company’s stock.

Wall Street Analyst Weigh In

IAC has been the topic of several research reports. Truist Financial upped their price objective on shares of IAC from $87.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Citigroup dropped their price target on shares of IAC from $70.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. KeyCorp decreased their price objective on IAC from $67.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, August 16th. JMP Securities started coverage on IAC in a report on Tuesday, July 9th. They issued an “outperform” rating and a $78.00 target price on the stock. Finally, Barclays decreased their price target on IAC from $73.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, IAC currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.40.

IAC Trading Up 1.8 %

Shares of IAC stock opened at $52.24 on Friday. IAC Inc. has a 12-month low of $41.39 and a 12-month high of $58.29. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $50.48 and a 200-day moving average of $50.61. The firm has a market cap of $4.20 billion, a P/E ratio of -33.06 and a beta of 1.32.

IAC (NASDAQ:IAC) last issued its earnings results on Tuesday, August 6th. The company reported ($1.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($1.39). IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. The firm had revenue of $949.50 million during the quarter, compared to the consensus estimate of $942.77 million. During the same quarter in the previous year, the firm earned ($0.76) earnings per share. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. Sell-side analysts anticipate that IAC Inc. will post -0.79 earnings per share for the current year.

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.