FY2016 EPS Estimates for Actua Corp. Lifted by Barrington Research (ACTA)
Actua Corp. (NASDAQ:ACTA) – Barrington Research increased their FY2016 earnings per share estimates for shares of Actua Corp. in a research report issued on Monday. Barrington Research analyst V. Colicchio now forecasts that the brokerage will post earnings per share of ($0.59) for the year, up from their previous estimate of ($0.85). Barrington Research also issued estimates for Actua Corp.’s Q4 2016 earnings at ($0.15) EPS and FY2017 earnings at ($0.28) EPS.
Separately, Zacks Investment Research raised shares of Actua Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday.
Actua Corp. (NASDAQ:ACTA) opened at 13.55 on Thursday. The firm’s market cap is $499.03 million. The firm’s 50-day moving average price is $12.22 and its 200-day moving average price is $10.35. Actua Corp. has a 1-year low of $7.28 and a 1-year high of $13.90.
Actua Corp. (NASDAQ:ACTA) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.07. The business earned $27.90 million during the quarter, compared to the consensus estimate of $39.67 million. Actua Corp. had a negative return on equity of 9.08% and a negative net margin of 66.44%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS.
In related news, CFO Raymond Kirk Morgan sold 20,000 shares of the stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $12.02, for a total value of $240,400.00. Following the completion of the transaction, the chief financial officer now directly owns 197,856 shares of the company’s stock, valued at $2,378,229.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. BlackRock Group LTD increased its position in shares of Actua Corp. by 10.0% in the first quarter. BlackRock Group LTD now owns 187,065 shares of the company’s stock worth $1,693,000 after buying an additional 17,021 shares in the last quarter. Boothbay Fund Management LLC increased its position in shares of Actua Corp. by 8.9% in the first quarter. Boothbay Fund Management LLC now owns 14,049 shares of the company’s stock worth $127,000 after buying an additional 1,148 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Actua Corp. during the second quarter worth $9,311,000. Rice Hall James & Associates LLC increased its position in shares of Actua Corp. by 1.2% in the second quarter. Rice Hall James & Associates LLC now owns 1,046,745 shares of the company’s stock worth $9,452,000 after buying an additional 12,058 shares in the last quarter. Finally, Kalmar Investments Inc. DE increased its position in shares of Actua Corp. by 31.8% in the second quarter. Kalmar Investments Inc. DE now owns 248,012 shares of the company’s stock worth $2,240,000 after buying an additional 59,796 shares in the last quarter. 73.66% of the stock is owned by institutional investors and hedge funds.
About Actua Corp.
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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