Blucora Inc (BCOR) : Tinicum Inc has sold out all of its stake in Blucora Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 10,000 shares of Blucora Inc which is valued at $135,000.
Other Hedge Funds, Including , Millennium Management reduced its stake in BCOR by selling 222,691 shares or 93.73% in the most recent quarter. The Hedge Fund company now holds 14,899 shares of BCOR which is valued at $201,137.Geode Capital Management reduced its stake in BCOR by selling 2,584 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 294,154 shares of BCOR which is valued at $3,853,417.Tiaa Cref Investment Management reduced its stake in BCOR by selling 11,519 shares or 8.77% in the most recent quarter. The Hedge Fund company now holds 119,813 shares of BCOR which is valued at $1,599,504. Aperio Group added BCOR to its portfolio by purchasing 10,761 company shares during the most recent quarter which is valued at $136,665.
Blucora Inc opened for trading at $14.35 and hit $14.475 on the upside on Monday, eventually ending the session at $14.45, with a gain of 1.40% or 0.2 points. The heightened volatility saw the trading volume jump to 3,71,440 shares. Company has a market cap of $603 M.
On the company’s financial health, Blucora Inc reported $-0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $-0.36. The company had revenue of $83.20 million for the quarter, compared to analysts expectations of $78.95 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
Many Wall Street Analysts have commented on Blucora Inc. Company shares were Reiterated by Barrington Research on Oct 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $13 .
Blucora Inc. is an operator of a portfolio of Internet businesses. The Company operates through three segments: Search and Content Tax Preparation and E-Commerce. Its Search and Content business operates through its InfoSpace LLC subsidiary (InfoSpace) and provides search services to users of the Company owned and operated and distribution partners’ Web properties as well as online content. Its Tax Preparation business consists of the operations of TaxACT Inc. (TaxACT) and provides online tax preparation service for individuals tax preparation software for individuals and professional tax preparers and ancillary services. Its E-Commerce business consists of the operations of Monoprice Inc. (Monoprice) and sells self-branded electronics and accessories to both consumers and businesses.