Northern Trust Corp Raises Holdings in ANGI Homeservices Inc (ANGI)

Northern Trust Corp grew its holdings in shares of ANGI Homeservices Inc (NASDAQ:ANGI) by 123.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,619 shares of the technology company’s stock after purchasing an additional 170,475 shares during the quarter. Northern Trust Corp’s holdings in ANGI Homeservices were worth $4,747,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ANGI. FMR LLC boosted its position in ANGI Homeservices by 2.5% during the second quarter. FMR LLC now owns 9,699,570 shares of the technology company’s stock worth $149,179,000 after purchasing an additional 239,681 shares during the period. Zweig DiMenna Associates LLC purchased a new stake in shares of ANGI Homeservices in the second quarter worth about $1,525,000. Spark Investment Management LLC lifted its holdings in shares of ANGI Homeservices by 145.6% in the second quarter. Spark Investment Management LLC now owns 128,700 shares of the technology company’s stock worth $1,979,000 after buying an additional 76,300 shares in the last quarter. MYDA Advisors LLC lifted its holdings in shares of ANGI Homeservices by 178.2% in the second quarter. MYDA Advisors LLC now owns 100,000 shares of the technology company’s stock worth $1,538,000 after buying an additional 64,061 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of ANGI Homeservices in the second quarter worth about $874,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

ANGI has been the topic of a number of recent analyst reports. Raymond James increased their price target on shares of ANGI Homeservices from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 3rd. Wedbush initiated coverage on shares of ANGI Homeservices in a report on Thursday, September 13th. They issued an “outperform” rating and a $26.00 price target on the stock. Zacks Investment Research downgraded shares of ANGI Homeservices from a “strong-buy” rating to a “hold” rating in a report on Monday, November 12th. BidaskClub downgraded shares of ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, UBS Group raised their target price on shares of ANGI Homeservices from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. ANGI Homeservices currently has a consensus rating of “Buy” and an average target price of $19.91.

In other ANGI Homeservices news, Director Bowman Angela R. Hicks sold 26,306 shares of ANGI Homeservices stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $19.13, for a total transaction of $503,233.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Luxor Capital Group, Lp purchased 89,000 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were acquired at an average cost of $23.40 per share, for a total transaction of $2,082,600.00. The disclosure for this purchase can be found here. Company insiders own 20.30% of the company’s stock.

ANGI stock opened at $17.26 on Wednesday. ANGI Homeservices Inc has a one year low of $10.24 and a one year high of $23.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33.

ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $303.10 million for the quarter, compared to the consensus estimate of $296.57 million. ANGI Homeservices had a negative net margin of 1.63% and a negative return on equity of 0.53%. The business’s revenue was up 66.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.17) earnings per share. Research analysts forecast that ANGI Homeservices Inc will post 0.11 earnings per share for the current fiscal year.

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About ANGI Homeservices

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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