Quantum Capital Management buys $20,009,887 stake in IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp (IAC) : Quantum Capital Management scooped up 79,933 additional shares in IAC/InterActiveCorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 337,037 shares of IAC/InterActiveCorp which is valued at $20,009,887.IAC/InterActiveCorp makes up approximately 2.71% of Quantum Capital Management’s portfolio.

Other Hedge Funds, Including , Cibc World Markets Corp sold out all of its stake in IAC during the most recent quarter. The investment firm sold 210,000 shares of IAC which is valued $12,467,700.Scout Investments boosted its stake in IAC in the latest quarter, The investment management firm added 4,180 additional shares and now holds a total of 352,585 shares of IAC/InterActiveCorp which is valued at $21,056,376. IAC/InterActiveCorp makes up approx 0.56% of Scout Investments’s portfolio.Fuller Thaler Asset Management boosted its stake in IAC in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 158,400 shares of IAC/InterActiveCorp which is valued at $9,564,192. IAC/InterActiveCorp makes up approx 0.16% of Fuller Thaler Asset Management’s portfolio. Timber Hill added IAC to its portfolio by purchasing 9,939 company shares during the most recent quarter which is valued at $600,117. IAC/InterActiveCorp makes up approx 0.05% of Timber Hill’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in IAC in the latest quarter, The investment management firm added 14,806 additional shares and now holds a total of 102,930 shares of IAC/InterActiveCorp which is valued at $6,214,913. IAC/InterActiveCorp makes up approx 0.02% of State Board Of Administration Of Florida Retirement System’s portfolio.

On the company’s financial health, IAC/InterActiveCorp reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.50. The company had revenue of $745.40 million for the quarter, compared to analysts expectations of $748.35 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company operates through four segments: Search & Applications, The Match Group, Media and eCommerce. The Search & Applications segment consists of: Websites through, which the Company provides search services, content and other services, and applicationsluding its direct-to-consumer downloadable applications operations (B2C), partnership operations (B2B), SlimWare and Apalon. The Match Group segment consists of its North America dating businesses, International dating businesses and non-dating businesses. The Media segment consists of Vimeo, which offers video creators tools; Electus, a multimedia entertainment studio, and The Daily Beast, a Website dedicated to news, commentary, culture and entertainment. The eCommerce segment consists of HomeAdvisor, an online marketplace for matching consumers with home services professionals, and ShoeBuy, an Internet retailer of footwear and related apparel and accessories.

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