California State Teachers Retirement System decreased its position in shares of Angie’s List Inc. (NASDAQ:ANGI) by 10.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,357 shares of the company’s stock after selling 9,454 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Angie’s List worth $543,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in ANGI. Strs Ohio raised its stake 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 during the period. Royce & Associates LP raised its stake in shares of Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock worth $266,000 after buying an additional 7,820 shares during the last quarter. Royal Bank of Canada raised its stake in shares of 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 during the last quarter. Bank of Montreal Can acquired a new stake in shares of Angie’s List during the second quarter worth approximately $449,000. Finally, Kennedy Capital Management Inc. acquired a new stake in shares of Angie’s List during the first quarter worth approximately $565,000. 64.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Angie’s List Inc. (NASDAQ:ANGI) traded down 4.39% during trading on Friday, hitting $9.15. The stock had a trading volume of 223,106 shares. The stock has a 50-day moving average price of $10.03 and a 200 day moving average price of $8.52. The company has a market cap of $537.84 million, a P/E ratio of 37.04 and a beta of 1.43. Angie’s List Inc. has a 12 month low of $5.23 and a 12 month high of $11.25.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. The firm earned $83.10 million during the quarter, compared to analysts’ expectations of $86.21 million. Angie’s List had a negative return on equity of 293.31% and a net margin of 4.42%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) EPS. Equities analysts expect that Angie’s List Inc. will post $0.07 EPS for the current fiscal year.
ANGI has been the subject of a number of research analyst reports. Pacific Crest reaffirmed a “hold” rating on shares of Angie’s List in a research note on Thursday, July 28th. Zacks Investment Research raised Angie’s List from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 21st. TheStreet raised Angie’s List from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Cowen and Company reaffirmed a “market perform” rating and issued a $11.00 price target (up previously from $10.00) on shares of Angie’s List in a research note on Tuesday, September 27th. Finally, Raymond James Financial Inc. raised Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Angie’s List presently has a consensus rating of “Hold” and a consensus price target of $9.62.
In related news, insider Bowman Angela R. Hicks sold 3,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $10.14, for a total transaction of $30,420.00. Following the completion of the sale, the insider now directly owns 759,192 shares in the company, valued at approximately $7,698,206.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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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