Luxor Capital Group Lp Lowers stake in IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp (IAC) : Luxor Capital Group Lp reduced its stake in IAC/InterActiveCorp by 1.17% during the most recent quarter end. The investment management company now holds a total of 3,025,552 shares of IAC/InterActiveCorp which is valued at $179,627,022 after selling 35,834 shares in IAC/InterActiveCorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.IAC/InterActiveCorp makes up approximately 10.61% of Luxor Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp reduced its stake in IAC by selling 69,500 shares or 14.64% in the most recent quarter. The Hedge Fund company now holds 405,373 shares of IAC which is valued at $24,066,995. IAC/InterActiveCorp makes up approx 0.12% of Two Sigma Advisers Lp’s portfolio. Clinton Group Inc sold out all of its stake in IAC during the most recent quarter. The investment firm sold 73,196 shares of IAC which is valued $4,345,647.Credit Agricole S A boosted its stake in IAC in the latest quarter, The investment management firm added 22,454 additional shares and now holds a total of 142,154 shares of IAC/InterActiveCorp which is valued at $8,439,683. IAC/InterActiveCorp makes up approx 0.03% of Credit Agricole S A’s portfolio. New Jersey Better Educational Savings Trust sold out all of its stake in IAC during the most recent quarter. The investment firm sold 10,000 shares of IAC which is valued $589,600.Checchi Capital Advisers reduced its stake in IAC by selling 101 shares or 19.54% in the most recent quarter. The Hedge Fund company now holds 416 shares of IAC which is valued at $25,018. IAC/InterActiveCorp makes up approx 0.01% of Checchi Capital Advisers’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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