California State Teachers Retirement System decreased its stake in Actua Corp. (NASDAQ:ACTA) by 12.3% during the second quarter, Holdings Channel reports. The fund owned 75,424 shares of the company’s stock after selling 10,604 shares during the period. California State Teachers Retirement System owned 0.20% of Actua Corp. worth $681,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ACTA. Bank of Montreal Can purchased a new stake in Actua Corp. during the second quarter valued at $9,311,000. Royce & Associates LP raised its stake in shares of Actua Corp. by 47.8% in the first quarter. Royce & Associates LP now owns 301,983 shares of the company’s stock worth $2,733,000 after buying an additional 97,634 shares in the last quarter. Kalmar Investments Inc. DE raised its stake in shares of Actua Corp. by 31.8% in the second quarter. Kalmar Investments Inc. DE now owns 248,012 shares of the company’s stock worth $2,240,000 after buying an additional 59,796 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Actua Corp. by 12,162.6% in the first quarter. Royal Bank of Canada now owns 19,007 shares of the company’s stock worth $172,000 after buying an additional 18,852 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Actua Corp. by 10.0% in the first quarter. BlackRock Group LTD now owns 187,065 shares of the company’s stock worth $1,693,000 after buying an additional 17,021 shares in the last quarter. 74.47% of the stock is owned by institutional investors.
Shares of Actua Corp. (NASDAQ:ACTA) traded up 0.40% during mid-day trading on Tuesday, hitting $12.69. 37,736 shares of the company were exchanged. Actua Corp. has a 12-month low of $7.28 and a 12-month high of $14.92. The firm’s market capitalization is $467.17 million. The company’s 50-day moving average price is $10.62 and its 200-day moving average price is $9.77.
Actua Corp. (NASDAQ:ACTA) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.10). The firm earned $36.71 million during the quarter, compared to the consensus estimate of $37.25 million. Actua Corp. had a negative net margin of 66.21% and a negative return on equity of 11.06%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.41) EPS. Equities research analysts predict that Actua Corp. will post ($0.38) earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Actua Corp. from a “sell” rating to a “hold” rating in a report on Monday, June 13th.
In other Actua Corp. news, CFO Raymond Kirk Morgan sold 20,000 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $12.02, for a total value of $240,400.00. Following the completion of the sale, the chief financial officer now owns 197,856 shares of the company’s stock, valued at approximately $2,378,229.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.80% of the stock is currently owned by company insiders.
Actua Corp. Company Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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