Caxton Associates LP Takes Position in Match Group Inc (MTCH)

Caxton Associates LP bought a new position in Match Group Inc (NASDAQ:MTCH) in the 4th quarter, HoldingsChannel.com reports. The fund bought 95,000 shares of the technology company’s stock, valued at approximately $2,974,000.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its position in shares of Match Group by 122.3% in the third quarter. Private Advisor Group LLC now owns 27,539 shares of the technology company’s stock worth $697,000 after buying an additional 15,150 shares during the period. Commonwealth Bank of Australia boosted its position in Match Group by 77.4% during the third quarter. Commonwealth Bank of Australia now owns 35,300 shares of the technology company’s stock valued at $814,000 after purchasing an additional 15,400 shares during the last quarter. GMT Capital Corp boosted its position in Match Group by 20.6% during the third quarter. GMT Capital Corp now owns 612,200 shares of the technology company’s stock valued at $14,197,000 after purchasing an additional 104,500 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Match Group during the third quarter valued at $8,039,000. Finally, Brown Advisory Inc. acquired a new stake in Match Group during the third quarter valued at $257,000. 21.95% of the stock is owned by institutional investors and hedge funds.

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Match Group Inc (NASDAQ MTCH) opened at $44.79 on Friday. Match Group Inc has a 1-year low of $15.42 and a 1-year high of $44.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $12,230.00 and a PE ratio of 29.08.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 31.33%. The company had revenue of $379.00 million for the quarter, compared to the consensus estimate of $362.86 million. During the same quarter last year, the business earned $0.29 earnings per share. Match Group’s quarterly revenue was up 28.5% on a year-over-year basis. equities research analysts anticipate that Match Group Inc will post 0.91 EPS for the current year.

A number of analysts recently issued reports on the company. BidaskClub cut Match Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research cut Match Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Vetr cut Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price objective for the company. in a research report on Monday, January 8th. Jefferies Group lifted their price objective on Match Group to $50.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, ValuEngine raised Match Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.32.

In other Match Group news, insider Philip D. Eigenmann sold 10,816 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.72, for a total transaction of $451,243.52. Following the transaction, the insider now directly owns 21,686 shares in the company, valued at $904,739.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Philip D. Eigenmann sold 7,081 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $39.94, for a total value of $282,815.14. Following the transaction, the chief accounting officer now owns 12,500 shares in the company, valued at $499,250. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 721,437 shares of company stock worth $28,580,747. Corporate insiders own 18.10% of the company’s stock.

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About Match Group

Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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