ANGI Homeservices Inc (NASDAQ:ANGI) Major Shareholder Sells $10,996,233.00 in Stock

ANGI Homeservices Inc (NASDAQ:ANGI) major shareholder Luxor Capital Group, Lp sold 795,100 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $13.83, for a total value of $10,996,233.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of ANGI traded down $0.40 during trading hours on Tuesday, hitting $13.53. The stock had a trading volume of 781,877 shares, compared to its average volume of 1,075,342. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $14.08. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 90.20, a P/E/G ratio of 2.99 and a beta of 2.04. ANGI Homeservices Inc has a 1-year low of $12.76 and a 1-year high of $23.95.

ANGI Homeservices (NASDAQ:ANGI) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. ANGI Homeservices had a return on equity of 8.11% and a net margin of 8.15%. The company had revenue of $303.44 million during the quarter, compared to the consensus estimate of $305.54 million. During the same period last year, the business posted ($0.02) EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, research analysts forecast that ANGI Homeservices Inc will post 0.19 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. California Public Employees Retirement System purchased a new stake in shares of ANGI Homeservices during the 4th quarter worth about $585,000. BlackRock Inc. grew its holdings in shares of ANGI Homeservices by 73.4% during the 4th quarter. BlackRock Inc. now owns 2,980,384 shares of the technology company’s stock worth $47,894,000 after purchasing an additional 1,261,879 shares during the period. Northern Trust Corp grew its holdings in shares of ANGI Homeservices by 3.6% during the 4th quarter. Northern Trust Corp now owns 336,846 shares of the technology company’s stock worth $5,414,000 after purchasing an additional 11,785 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of ANGI Homeservices by 140.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock worth $97,000 after purchasing an additional 3,664 shares during the period. Finally, United Services Automobile Association grew its holdings in shares of ANGI Homeservices by 13.2% during the 4th quarter. United Services Automobile Association now owns 42,854 shares of the technology company’s stock worth $689,000 after purchasing an additional 5,000 shares during the period. 14.38% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on ANGI shares. Zacks Investment Research downgraded Cars.com from a “buy” rating to a “hold” rating in a report on Tuesday. Aegis initiated coverage on ANGI Homeservices in a research note on Monday, April 8th. They issued a “buy” rating and a $22.00 target price for the company. ValuEngine downgraded Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. BidaskClub downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Needham & Company LLC downgraded Acer Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. ANGI Homeservices has a consensus rating of “Buy” and a consensus target price of $22.69.

About ANGI Homeservices

ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.

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Insider Buying and Selling by Quarter for ANGI Homeservices (NASDAQ:ANGI)

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