Credit Suisse AG boosted its stake in shares of ANGI Homeservices Inc (NASDAQ:ANGI) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 502,164 shares of the technology company’s stock after acquiring an additional 6,498 shares during the quarter. Credit Suisse AG owned about 0.76% of ANGI Homeservices worth $11,791,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. grew its position in shares of ANGI Homeservices by 69.2% during the 3rd quarter. BlackRock Inc. now owns 1,718,505 shares of the technology company’s stock valued at $40,352,000 after acquiring an additional 702,579 shares during the period. Bank of New York Mellon Corp grew its position in shares of ANGI Homeservices by 17.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 75,246 shares of the technology company’s stock valued at $1,767,000 after acquiring an additional 11,358 shares during the period. IFG Advisory LLC acquired a new stake in shares of ANGI Homeservices during the 3rd quarter valued at about $987,000. Engineers Gate Manager LP grew its position in shares of ANGI Homeservices by 21.7% during the 3rd quarter. Engineers Gate Manager LP now owns 69,171 shares of the technology company’s stock valued at $1,624,000 after acquiring an additional 12,350 shares during the period. Finally, Waratah Capital Advisors Ltd. acquired a new stake in shares of ANGI Homeservices during the 3rd quarter valued at about $2,267,000. 83.41% of the stock is currently owned by institutional investors.
Shares of ANGI Homeservices stock opened at $16.27 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. ANGI Homeservices Inc has a twelve month low of $10.24 and a twelve month high of $23.95.
ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, November 7th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. ANGI Homeservices had a negative net margin of 1.63% and a negative return on equity of 0.53%. The business had revenue of $303.10 million for the quarter, compared to analyst estimates of $296.57 million. During the same period last year, the company posted ($0.17) EPS. The business’s revenue was up 66.8% on a year-over-year basis. On average, research analysts predict that ANGI Homeservices Inc will post 0.11 earnings per share for the current fiscal year.
In other ANGI Homeservices news, Director Bowman Angela R. Hicks sold 26,306 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $19.13, for a total value of $503,233.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Luxor Capital Group, Lp bought 89,000 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was acquired at an average cost of $23.40 per share, for a total transaction of $2,082,600.00. The disclosure for this purchase can be found here. Insiders sold a total of 240,246 shares of company stock worth $4,487,850 over the last three months. Corporate insiders own 20.30% of the company’s stock.
ANGI has been the topic of a number of research reports. Raymond James raised their price target on shares of ANGI Homeservices from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. Wedbush initiated coverage on shares of ANGI Homeservices in a research note on Thursday, September 13th. They issued an “outperform” rating and a $26.00 price target on the stock. Zacks Investment Research lowered shares of ANGI Homeservices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 12th. UBS Group raised their price target on shares of ANGI Homeservices from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Finally, BidaskClub raised shares of ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 24th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. ANGI Homeservices currently has an average rating of “Buy” and an average price target of $23.20.
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ANGI Homeservices Company Profile
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
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