Thompson Siegel & Walmsley LLC Sells 180,689 Shares of IAC Inc. (NASDAQ:IAC)

Thompson Siegel & Walmsley LLC lowered its holdings in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,452,763 shares of the company's stock after selling 180,689 shares during the quarter. IAC makes up 1.2% of Thompson Siegel & Walmsley LLC's portfolio, making the stock its 22nd biggest holding. Thompson Siegel & Walmsley LLC owned approximately 1.81% of IAC worth $78,188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. bought a new stake in IAC during the 1st quarter valued at about $575,000. Louisiana State Employees Retirement System purchased a new stake in shares of IAC in the 2nd quarter worth $1,649,000. Highbridge Capital Management LLC grew its position in shares of IAC by 70.4% during the 2nd quarter. Highbridge Capital Management LLC now owns 165,329 shares of the company's stock worth $7,746,000 after buying an additional 68,291 shares in the last quarter. Royce & Associates LP increased its stake in shares of IAC by 5.1% during the third quarter. Royce & Associates LP now owns 278,679 shares of the company's stock valued at $14,999,000 after buying an additional 13,400 shares during the period. Finally, Swedbank AB purchased a new position in IAC during the 1st quarter valued at about $11,460,000. Institutional investors own 88.90% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on IAC shares. TD Cowen decreased their price objective on shares of IAC from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Benchmark reaffirmed a "buy" rating and set a $110.00 target price on shares of IAC in a report on Tuesday, November 12th. Truist Financial decreased their price target on IAC from $88.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. UBS Group raised shares of IAC to a "hold" rating in a research note on Monday, October 28th. Finally, Barclays decreased their target price on shares of IAC from $70.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, IAC has a consensus rating of "Moderate Buy" and an average price target of $70.36.

IAC Price Performance

Shares of NASDAQ:IAC traded up $0.05 during trading on Thursday, reaching $47.77. The company had a trading volume of 823,647 shares, compared to its average volume of 666,112. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75. IAC Inc. has a twelve month low of $43.51 and a twelve month high of $58.29. The firm has a market capitalization of $3.84 billion, a PE ratio of -110.97 and a beta of 1.33. The firm's fifty day moving average is $51.82 and its 200 day moving average is $50.79.

IAC (NASDAQ:IAC - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($2.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($2.73). The company had revenue of $938.70 million for 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 in the previous year, the company earned ($0.30) EPS. On average, equities analysts forecast that IAC Inc. will post -3.97 EPS for the current year.

IAC Company 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.