United Services Automobile Association boosted its position in ANGI Homeservices Inc (NASDAQ:ANGI) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,654 shares of the technology company’s stock after acquiring an additional 4,300 shares during the period. United Services Automobile Association’s holdings in ANGI Homeservices were worth $672,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Bamco Inc. NY lifted its holdings in shares of ANGI Homeservices by 10.2% in the second quarter. Bamco Inc. NY now owns 1,458,504 shares of the technology company’s stock valued at $18,975,000 after purchasing an additional 135,297 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of ANGI Homeservices in the second quarter valued at approximately $7,759,000. Lee Capital Asset Management LLC lifted its holdings in shares of ANGI Homeservices by 250.5% in the second quarter. Lee Capital Asset Management LLC now owns 456,214 shares of the technology company’s stock valued at $5,935,000 after purchasing an additional 326,054 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of ANGI Homeservices by 137.9% in the second quarter. UBS Asset Management Americas Inc. now owns 45,357 shares of the technology company’s stock valued at $590,000 after purchasing an additional 26,294 shares in the last quarter. Finally, Neo Ivy Capital Management lifted its holdings in shares of ANGI Homeservices by 300.1% in the second quarter. Neo Ivy Capital Management now owns 26,030 shares of the technology company’s stock valued at $339,000 after purchasing an additional 19,524 shares in the last quarter. Institutional investors and hedge funds own 13.94% of the company’s stock.
NASDAQ:ANGI opened at $6.92 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.21 and a quick ratio of 2.21. The business has a fifty day simple moving average of $7.51 and a two-hundred day simple moving average of $12.58. ANGI Homeservices Inc has a 1 year low of $6.51 and a 1 year high of $22.83. The company has a market capitalization of $3.45 billion, a P/E ratio of 46.13 and a beta of 2.10.
In related news, major shareholder Luxor Capital Group, Lp sold 795,100 shares of ANGI Homeservices stock in a transaction on Monday, July 15th. The stock was sold at an average price of $13.83, for a total transaction of $10,996,233.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Craig M. Smith sold 3,891 shares of ANGI Homeservices stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $13.95, for a total value of $54,279.45. The disclosure for this sale can be found here. Insiders have sold 911,547 shares of company stock valued at $12,476,150 in the last three months. 13.10% of the stock is owned by corporate insiders.
ANGI has been the topic of a number of recent research reports. Citigroup initiated coverage on ANGI Homeservices in a report on Tuesday, September 17th. They issued a “neutral” rating and a $9.50 target price on the stock. Zacks Investment Research downgraded ANGI Homeservices from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Wedbush downgraded ANGI Homeservices from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $10.00 in a research report on Friday, August 9th. Nomura decreased their price target on ANGI Homeservices from $17.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, BidaskClub downgraded ANGI Homeservices from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. ANGI Homeservices has a consensus rating of “Buy” and an average price target of $16.35.
ANGI Homeservices Profile
ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.
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