Bank of New York Mellon Corp reduced its position in shares of Angie’s List Inc. (NASDAQ:ANGI) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 461,048 shares of the company’s stock after selling 10,273 shares during the period. Bank of New York Mellon Corp owned approximately 0.79% of Angie’s List worth $3,001,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strs Ohio increased its position in Angie’s List by 194.7% in the second quarter. Strs Ohio now owns 39,200 shares of the company’s stock worth $255,000 after buying an additional 25,900 shares in the last quarter. Bank of Montreal Can purchased a new position in Angie’s List during the second quarter worth $449,000. Royal Bank of Canada increased its position in Angie’s List by 1.3% in the first quarter. Royal Bank of Canada now owns 48,966 shares of the company’s stock worth $395,000 after buying an additional 624 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in Angie’s List during the first quarter worth $565,000. Finally, Geode Capital Management LLC increased its position in Angie’s List by 6.0% in the first quarter. Geode Capital Management LLC now owns 303,513 shares of the company’s stock worth $2,449,000 after buying an additional 17,208 shares in the last quarter. 64.42% of the stock is currently owned by institutional investors.
Angie’s List Inc. (NASDAQ:ANGI) traded down 2.75% during trading on Friday, reaching $9.91. The company’s stock had a trading volume of 346,497 shares. The stock has a 50-day moving average of $9.89 and a 200 day moving average of $8.47. Angie’s List Inc. has a one year low of $5.05 and a one year high of $11.25. The firm has a market capitalization of $582.51 million, a P/E ratio of 40.12 and a beta of 1.43.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.12. The business had revenue of $83.10 million for the quarter, compared to the consensus estimate of $86.21 million. Angie’s List had a negative return on equity of 293.31% and a net margin of 4.42%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) EPS. On average, equities research analysts predict that Angie’s List Inc. will post $0.07 EPS for the current fiscal year.
A number of research analysts have weighed in on the company. Cowen and Company reissued a “market perform” rating and issued a $11.00 target price (up previously from $10.00) on shares of Angie’s List in a report on Tuesday. Raymond James Financial Inc. raised Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Friday, August 19th. Zacks Investment Research downgraded Angie’s List from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. TheStreet raised Angie’s List from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Angie’s List in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.48.
In other Angie’s List news, insider Bowman Angela R. Hicks sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $10.14, for a total transaction of $30,420.00. Following the sale, the insider now owns 759,192 shares in the company, valued at approximately $7,698,206.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 35.80% of the company’s stock.
About Angie’s List
Angie’s List, Inc operates a national local services consumer review service and marketplace. The Company’s tools, services and content across multiple platforms enable consumers to research, shop for and purchase local services for needs, such as home, health and automotive services. The Company also reviews the providers of these services in over 250 markets in the United States.
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