Strs Ohio Has $1.24 Million Holdings in IAC Inc. (NASDAQ:IAC)

Strs Ohio lessened its holdings in shares of IAC Inc. (NASDAQ:IAC) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,678 shares of the company’s stock after selling 5,816 shares during the quarter. Strs Ohio’s holdings in IAC were worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Davis Selected Advisers grew its position in shares of IAC by 16.9% in the third quarter. Davis Selected Advisers now owns 2,960,918 shares of the company’s stock valued at $149,201,000 after purchasing an additional 428,065 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of IAC by 66.6% in the third quarter. TimesSquare Capital Management LLC now owns 1,034,411 shares of the company’s stock valued at $52,124,000 after purchasing an additional 413,440 shares during the last quarter. Scopus Asset Management L.P. grew its position in shares of IAC by 100.0% in the third quarter. Scopus Asset Management L.P. now owns 550,000 shares of the company’s stock valued at $27,714,000 after purchasing an additional 275,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of IAC by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 812,196 shares of the company’s stock valued at $40,927,000 after purchasing an additional 203,839 shares during the last quarter. Finally, Cove Street Capital LLC grew its position in shares of IAC by 58.7% in the third quarter. Cove Street Capital LLC now owns 492,072 shares of the company’s stock valued at $23,841,000 after purchasing an additional 182,049 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. KeyCorp boosted their price target on IAC from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. UBS Group boosted their price target on IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Truist Financial boosted their price target on IAC from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.69.

IAC Stock Up 1.0 %

NASDAQ IAC opened at $48.48 on Tuesday. The business has a fifty day moving average price of $52.59 and a two-hundred day moving average price of $50.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 2.36. IAC Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $69.85. The stock has a market capitalization of $3.88 billion, a PE ratio of 19.55 and a beta of 1.32.

IAC (NASDAQ:IAC) last released its earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.53). IAC had a negative return on equity of 4.15% and a net margin of 6.09%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. Equities analysts expect that IAC Inc. will post -1.99 earnings per share for the current fiscal year.

About IAC

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.