ClariVest Asset Management LLC lowered its position in Monster Worldwide Inc. (NYSE:MWW) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,100 shares of the company’s stock after selling 2,100 shares during the period. ClariVest Asset Management LLC’s holdings in Monster Worldwide were worth $385,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Monster Worldwide by 0.3% in the second quarter. American Century Companies Inc. now owns 880,664 shares of the company’s stock worth $2,105,000 after buying an additional 2,364 shares in the last quarter. Bank of Montreal Can bought a new stake in Monster Worldwide during the second quarter worth approximately $601,000. Acadian Asset Management LLC increased its stake in Monster Worldwide by 32.9% in the second quarter. Acadian Asset Management LLC now owns 925,383 shares of the company’s stock worth $2,211,000 after buying an additional 229,169 shares in the last quarter. River & Mercantile Asset Management LLP increased its stake in Monster Worldwide by 21.6% in the second quarter. River & Mercantile Asset Management LLP now owns 717,010 shares of the company’s stock worth $1,710,000 after buying an additional 127,400 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in Monster Worldwide during the first quarter worth approximately $1,055,000. 90.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Monster Worldwide Inc. (NYSE:MWW) traded down 0.87% during mid-day trading on Monday, hitting $3.41. 317,006 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $3.54 and a 200-day moving average price of $3.06. Monster Worldwide Inc. has a 1-year low of $2.13 and a 1-year high of $7.73. The stock’s market cap is $303.71 million.
Monster Worldwide (NYSE:MWW) last released its earnings results on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.05. The company had revenue of $150.90 million for the quarter, compared to analyst estimates of $156.87 million. Monster Worldwide had a negative net margin of 8.79% and a positive return on equity of 3.67%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. Equities research analysts anticipate that Monster Worldwide Inc. will post $0.05 EPS for the current fiscal year.
A number of analysts recently commented on the stock. B. Riley reissued a “neutral” rating and set a $3.40 price objective on shares of Monster Worldwide in a report on Wednesday, October 12th. BMO Capital Markets reissued a “hold” rating and set a $3.50 price objective on shares of Monster Worldwide in a report on Friday, October 7th. Finally, Avondale Partners downgraded shares of Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 price objective on the stock. in a report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $3.41.
In other Monster Worldwide news, EVP Michael Connolly Miller sold 7,103 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $3.54, for a total transaction of $25,144.62. Following the transaction, the executive vice president now owns 144,974 shares of the company’s stock, valued at approximately $513,207.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.
About Monster Worldwide
Monster Worldwide, Inc is engaged in connecting people to jobs. The Company offers services in over 40 countries, providing job seeking, career management, recruitment and talent management capabilities. The Company’s segments include Careers-North America and Careers-International. It offers digital, social and mobile solutions through its flagship Website monster.com.
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