Spark Investment Management LLC Sells 18,800 Shares of XO Group, Inc. (NYSE:XOXO)

Spark Investment Management LLC lowered its stake in XO Group, Inc. (NYSE:XOXO) by 24.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,300 shares of the specialty retailer’s stock after selling 18,800 shares during the period. Spark Investment Management LLC’s holdings in XO Group were worth $1,027,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of XO Group during the fourth quarter valued at about $225,000. Highbridge Capital Management LLC increased its position in XO Group by 78.1% in the fourth quarter. Highbridge Capital Management LLC now owns 27,661 shares of the specialty retailer’s stock valued at $538,000 after buying an additional 12,130 shares during the last quarter. Thrivent Financial for Lutherans increased its position in XO Group by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,420 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 820 shares during the last quarter. First Midwest Bank Trust Division increased its position in XO Group by 3.6% in the first quarter. First Midwest Bank Trust Division now owns 21,630 shares of the specialty retailer’s stock valued at $372,000 after buying an additional 747 shares during the last quarter. Finally, Comerica Bank increased its position in XO Group by 3.3% in the first quarter. Comerica Bank now owns 27,415 shares of the specialty retailer’s stock valued at $485,000 after buying an additional 876 shares during the last quarter. Institutional investors and hedge funds own 83.50% of the company’s stock.

Shares of XO Group, Inc. (NYSE XOXO) opened at 18.72 on Thursday. XO Group, Inc. has a 12 month low of $14.99 and a 12 month high of $20.99. The stock has a 50 day moving average price of $17.94 and a 200 day moving average price of $17.61. The firm has a market capitalization of $467.21 million, a P/E ratio of 66.86 and a beta of 0.94.

XO Group (NYSE:XOXO) last issued its earnings results on Monday, July 31st. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.11. The company had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $41.51 million. XO Group had a net margin of 4.55% and a return on equity of 4.71%. XO Group’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, analysts expect that XO Group, Inc. will post $0.33 earnings per share for the current year.

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XOXO has been the topic of several analyst reports. ValuEngine raised shares of XO Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of XO Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Roth Capital set a $21.00 target price on shares of XO Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of XO Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, B. Riley reissued a “neutral” rating and set a $16.75 target price on shares of XO Group in a research report on Sunday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.15.

About XO Group

XO Group Inc is engaged in providing content and marketing solutions, targeted advertising programs, transactions and merchandise. The Company’s multi-platform brands guide couples through transformative life stages from getting married with The Knot, to moving in together with The Nest, to having a baby with The Bump, and helping bring celebrations to life with entertainment vendors from GigMasters.com Incorporated (GigMasters).

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Institutional Ownership by Quarter for XO Group (NYSE:XOXO)

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