Rail-splitter Capital Management buys $12,418,105 stake in J2 Global Inc (JCOM)

J2 Global Inc (JCOM) : Rail-splitter Capital Management scooped up 13,200 additional shares in J2 Global Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 183,564 shares of J2 Global Inc which is valued at $12,418,105.J2 Global Inc makes up approximately 2.88% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in JCOM in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 15,371 shares of J2 Global Inc which is valued at $1,039,848. J2 Global Inc makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.First Citizens Bank Trust Co boosted its stake in JCOM in the latest quarter, The investment management firm added 1,536 additional shares and now holds a total of 14,927 shares of J2 Global Inc which is valued at $997,721. J2 Global Inc makes up approx 0.09% of First Citizens Bank Trust Co’s portfolio.Eagle Asset Management Inc reduced its stake in JCOM by selling 12,077 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 24,162 shares of JCOM which is valued at $1,607,981. J2 Global Inc makes up approx 0.01% of Eagle Asset Management Inc’s portfolio. Fox Run Management L.l.c. added JCOM to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $266,200. J2 Global Inc makes up approx 0.12% of Fox Run Management L.l.c.’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in JCOM in the latest quarter, The investment management firm added 20,653 additional shares and now holds a total of 20,689 shares of J2 Global Inc which is valued at $1,326,786. J2 Global Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

J2 Global Inc closed down -0.68 points or -0.98% at $69.03 with 3,63,840 shares getting traded on Monday. Post opening the session at $69.9, the shares hit an intraday low of $68.92 and an intraday high of $69.955 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, J2 Global Inc reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.15. The company had revenue of $211.80 million for the quarter, compared to analysts expectations of $206.41 million. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

j2 Global Inc. provides Internet services through two divisions: Business Cloud Services and Digital Media. The Business Cloud Services Division offers Internet fax virtual phone hosted e-mail e-mail marketing online backup unified communications and CRM solutions. It markets its services principally under the brand names eFax eVoice FuseMail Campaigner KeepItSafe Livedrive and Onebox and operates a messaging network spanning 49 countries on six continents. The Digital Media Division offers technology gaming and lifestyle content through its digital properties which include PCMag.com IGN.com AskMen.com Toolbox.com and others. The Digital Media Division also operates NetShelter Powered by BuyerBase an advanced digital ad targeting platform and Ziff Davis B2B a provider of research to enterprise buyers and leads to IT vendors.

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