Pomelo Capital Lowers stake in IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp (IAC) : Pomelo Capital reduced its stake in IAC/InterActiveCorp by 25.49% during the most recent quarter end. The investment management company now holds a total of 55,883 shares of IAC/InterActiveCorp which is valued at $3,317,774 after selling 19,117 shares in IAC/InterActiveCorp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.IAC/InterActiveCorp makes up approximately 3.78% of Pomelo Capital’s portfolio.

Other Hedge Funds, Including , Engineers Gate Manager Lp reduced its stake in IAC by selling 92,035 shares or 96.03% in the most recent quarter. The Hedge Fund company now holds 3,800 shares of IAC which is valued at $225,606. IAC/InterActiveCorp makes up approx 0.02% of Engineers Gate Manager Lp’s portfolio. Nine Chapters Capital Management sold out all of its stake in IAC during the most recent quarter. The investment firm sold 41,200 shares of IAC which is valued $2,484,360.Great West Life Assurance Co Can boosted its stake in IAC in the latest quarter, The investment management firm added 201 additional shares and now holds a total of 24,205 shares of IAC/InterActiveCorp which is valued at $1,427,127. Signaturefd added IAC to its portfolio by purchasing 617 company shares during the most recent quarter which is valued at $35,761. IAC/InterActiveCorp makes up approx 0.01% of Signaturefd’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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