Thompson Siegel & Walmsley LLC Sells 67,626 Shares of IAC Inc. $IAC

Thompson Siegel & Walmsley LLC lowered its position in IAC Inc. (NASDAQ:IAC) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,920,126 shares of the company’s stock after selling 67,626 shares during the quarter. IAC makes up about 1.3% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 14th biggest position. Thompson Siegel & Walmsley LLC owned approximately 2.68% of IAC worth $75,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Davis Selected Advisers boosted its position in IAC by 12.1% during the 4th quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock valued at $98,301,000 after acquiring an additional 270,383 shares in the last quarter. Helikon Investments Ltd boosted its position in IAC by 40.8% during the 4th quarter. Helikon Investments Ltd now owns 1,866,442 shares of the company’s stock valued at $72,978,000 after acquiring an additional 540,643 shares in the last quarter. AQR Capital Management LLC boosted its position in IAC by 43.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,148,280 shares of the company’s stock valued at $39,122,000 after acquiring an additional 349,969 shares in the last quarter. Newtyn Management LLC boosted its position in IAC by 10.0% during the 3rd quarter. Newtyn Management LLC now owns 1,100,000 shares of the company’s stock valued at $37,477,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Arkhouse Management Co. LP boosted its position in IAC by 0.3% during the 3rd quarter. Arkhouse Management Co. LP now owns 800,061 shares of the company’s stock valued at $27,258,000 after acquiring an additional 2,391 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on IAC shares. TD Cowen increased their target price on IAC from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Piper Sandler set a $52.00 target price on IAC in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on IAC from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Zacks Research raised IAC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, Jefferies Financial Group cut IAC from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, IAC has an average rating of “Moderate Buy” and an average price target of $53.14.

IAC Stock Performance

Shares of IAC opened at $44.89 on Monday. IAC Inc. has a 12 month low of $29.56 and a 12 month high of $45.82. The stock has a fifty day moving average price of $41.68 and a 200-day moving average price of $38.81. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. The firm has a market cap of $3.08 billion, a PE ratio of 121.33 and a beta of 1.02.

About IAC

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.