Ulysses Management Lowers stake in Match Group Inc (MTCH)

Match Group Inc (MTCH) : Ulysses Management reduced its stake in Match Group Inc by 15.03% during the most recent quarter end. The investment management company now holds a total of 776,178 shares of Match Group Inc which is valued at $12,434,372 after selling 137,322 shares in Match Group Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Match Group Inc makes up approximately 3.70% of Ulysses Management’s portfolio.

Other Hedge Funds, Including , Lpl Financial added MTCH to its portfolio by purchasing 27,918 company shares during the most recent quarter which is valued at $447,246. Cornerstone Capital Management Holdings. sold out all of its stake in MTCH during the most recent quarter. The investment firm sold 7,091 shares of MTCH which is valued $113,598.Blackrock Advisors reduced its stake in MTCH by selling 530,948 shares or 96.6% in the most recent quarter. The Hedge Fund company now holds 18,694 shares of MTCH which is valued at $299,478.Vanguard Group Inc boosted its stake in MTCH in the latest quarter, The investment management firm added 663,037 additional shares and now holds a total of 2,750,269 shares of Match Group Inc which is valued at $44,059,309. Jennison Associates sold out all of its stake in MTCH during the most recent quarter. The investment firm sold 991,089 shares of MTCH which is valued $15,431,256.

On the company’s financial health, Match Group Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $285.30 million for the quarter, compared to analysts expectations of $281.08 million. The company’s revenue was up 21.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on Match Group Inc. JP Morgan Upgraded Match Group Inc on Jul 28, 2016 to ” Overweight”, Price Target of the shares are set at $19.

Match Group Inc. is engaged in providing dating products. The Company operates through two segments: Dating and Non-dating. The Company operates a portfolio of over 45 brands. The Company through its portfolio of brands provides products to meet the varying preferences of its users. Its Dating segment provides dating products through brands such as Match OkCupid Tinder PlentyOfFish Meetic Twoo OurTime and FriendScout24. The Company’s Non-dating segment provides a range of education services. Through The Princeton Review Non-dating segment offers services including test preparation academic tutoring and college counseling services. The Princeton Review includes Tutor.com which provides online on demand one-on-one tutoring services. The Company offers dating products in approximately 40 languages across over 190 countries.

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