Massey Quick Simon & CO. LLC Buys New Position in ANGI Homeservices Inc (ANGI)

Massey Quick Simon & CO. LLC purchased a new stake in shares of ANGI Homeservices Inc (NASDAQ:ANGI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,086 shares of the technology company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rehmann Capital Advisory Group purchased a new position in ANGI Homeservices during the third quarter worth $60,000. Cubist Systematic Strategies LLC purchased a new stake in shares of ANGI Homeservices during the second quarter valued at $168,000. Jane Street Group LLC purchased a new stake in shares of ANGI Homeservices during the third quarter valued at $279,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of ANGI Homeservices during the third quarter valued at $415,000. Finally, United Services Automobile Association purchased a new stake in shares of ANGI Homeservices during the second quarter valued at $324,000. 12.35% of the stock is currently owned by hedge funds and other institutional investors.

In other ANGI Homeservices news, COO Craig M. Smith sold 33,427 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $18.13, for a total value of $606,031.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bowman Angela R. Hicks sold 29,531 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $15.71, for a total value of $463,932.01. The disclosure for this sale can be found here. Insiders have sold a total of 316,261 shares of company stock worth $5,452,127 in the last quarter. Insiders own 20.30% of the company’s stock.

A number of brokerages have recently issued reports on ANGI. BidaskClub lowered shares of ANGI Homeservices from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. TheStreet raised shares of ANGI Homeservices from a “d+” rating to a “c-” rating in a research note on Friday, February 8th. Zacks Investment Research raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, January 15th. SunTrust Banks started coverage on shares of ANGI Homeservices in a research note on Tuesday, December 18th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, MKM Partners reduced their target price on shares of ANGI Homeservices from $56.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 29th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $23.08.

ANGI Homeservices stock opened at $17.08 on Thursday. ANGI Homeservices Inc has a 12 month low of $12.65 and a 12 month high of $23.95. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 113.87, a P/E/G ratio of 3.18 and a beta of 2.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.33 and a current ratio of 2.36.

ANGI Homeservices (NASDAQ:ANGI) last announced its earnings results on Thursday, February 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. ANGI Homeservices had a return on equity of 6.96% and a net margin of 6.83%. The firm had revenue of $279.00 million for the quarter, compared to analyst estimates of $281.28 million. During the same quarter last year, the firm posted ($0.06) EPS. The business’s revenue was up 25.1% on a year-over-year basis. Sell-side analysts expect that ANGI Homeservices Inc will post 0.21 earnings per share for the current year.

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ANGI Homeservices Company Profile

ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.

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Institutional Ownership by Quarter for ANGI Homeservices (NASDAQ:ANGI)

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