Gabelli Funds LLC Invests $14.66 Million in XO Group, Inc. (XOXO)

Gabelli Funds LLC bought a new stake in XO Group, Inc. (NYSE:XOXO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 425,023 shares of the specialty retailer’s stock, valued at approximately $14,655,000. Gabelli Funds LLC owned about 1.64% of XO Group at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in shares of XO Group by 77.3% in the first quarter. Millennium Management LLC now owns 66,818 shares of the specialty retailer’s stock valued at $1,386,000 after buying an additional 29,131 shares during the period. Principal Financial Group Inc. boosted its stake in shares of XO Group by 2.3% in the first quarter. Principal Financial Group Inc. now owns 186,092 shares of the specialty retailer’s stock valued at $3,861,000 after buying an additional 4,171 shares during the period. Acadian Asset Management LLC boosted its stake in shares of XO Group by 524.6% in the second quarter. Acadian Asset Management LLC now owns 503,815 shares of the specialty retailer’s stock valued at $16,124,000 after buying an additional 423,150 shares during the period. First Quadrant L P CA boosted its stake in shares of XO Group by 192.2% in the second quarter. First Quadrant L P CA now owns 34,278 shares of the specialty retailer’s stock valued at $1,097,000 after buying an additional 22,548 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of XO Group in the second quarter valued at approximately $182,000. 86.88% of the stock is currently owned by institutional investors.

NYSE XOXO opened at $34.45 on Friday. XO Group, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $35.83. The firm has a market cap of $896.58 million, a price-to-earnings ratio of 88.33 and a beta of 0.75.

XO Group (NYSE:XOXO) last released its earnings results on Thursday, November 1st. The specialty retailer reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. XO Group had a return on equity of 9.17% and a net margin of 8.17%. The firm had revenue of $43.06 million during the quarter, compared to analysts’ expectations of $42.79 million. On average, equities analysts anticipate that XO Group, Inc. will post 0.66 EPS for the current fiscal year.

Several brokerages recently issued reports on XOXO. Zacks Investment Research cut XO Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Aegis reiterated a “hold” rating and issued a $34.00 price target on shares of XO Group in a research note on Thursday, September 27th. B. Riley cut XO Group from a “buy” rating to a “neutral” rating and boosted their price target for the company from $32.00 to $35.00 in a research note on Wednesday, September 26th. ValuEngine upgraded XO Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 26th. Finally, Roth Capital cut their price target on XO Group from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, July 31st. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.50.

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XO Group Company Profile

XO Group Inc provides multiplatform media and marketplace services to the wedding, pregnancy and parenting, and local entertainment markets primarily in the United States. It operates a network of Websites under various brands, including The Knot, which offers wedding resources and marketplaces through wedding Website and mobile apps, national and local wedding magazines, and nationally published books; and The Bump, a pregnancy and parenting brand that provides personalized information, content, and tools for navigating the journey from fertility to pregnancy and parenting through the toddler years.

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Institutional Ownership by Quarter for XO Group (NYSE:XOXO)

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