Ionic Capital Management buys $11,481,927 stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Ionic Capital Management scooped up 45,618 additional shares in Yahoo! during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 292,161 shares of Yahoo! which is valued at $11,481,927.Yahoo! makes up approximately 2.09% of Ionic Capital Management’s portfolio.

Other Hedge Funds, Including , Claar Advisors reduced its stake in YHOO by selling 11,834 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 345,500 shares of YHOO which is valued at $13,578,150. Yahoo! makes up approx 6.96% of Claar Advisors’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in YHOO by selling 26,504 shares or 10.38% in the most recent quarter. The Hedge Fund company now holds 228,904 shares of YHOO which is valued at $9,220,253. Yahoo! makes up approx 0.09% of Bnp Paribas Investment Partners S.a.’s portfolio.Exane Derivatives reduced its stake in YHOO by selling 16,554 shares or 50.85% in the most recent quarter. The Hedge Fund company now holds 16,002 shares of YHOO which is valued at $673,364. Yahoo! makes up approx 0.13% of Exane Derivatives’s portfolio.Winslow Evans Crocker reduced its stake in YHOO by selling 374 shares or 31.53% in the most recent quarter. The Hedge Fund company now holds 812 shares of YHOO which is valued at $34,413. Yahoo! makes up approx 0.01% of Winslow Evans Crocker’s portfolio.

Yahoo! closed down -0.26 points or -0.63% at $41.19 with 81,38,928 shares getting traded on Monday. Post opening the session at $41.48, the shares hit an intraday low of $40.9 and an intraday high of $41.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Yahoo! reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.14. The company had revenue of $857.00 million for the quarter, compared to analysts expectations of $860.82 million. The company’s revenue was down -14.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Yahoo!. Yahoo! was Downgraded by Jefferies to ” Hold” on Oct 21, 2016. Company shares were Reiterated by Susquehanna on Oct 19, 2016 to “Positive”, Firm has raised the Price Target to $ 48 from a previous price target of $44 .Company shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 45 from a previous price target of $39 .

Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search communication and digital content. The Company manages its business geographically: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific. The Company’s products include Search Communications Digital content Flickr and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones tablets and PC. Yahoo.com offers news and information including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create share and curate content. Yahoo is also a digital publisher and advertising technology provider.

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