Teachers Advisors LLC Has $1.24 Million Stake in Actua Corporation (ACTA)
Teachers Advisors LLC boosted its stake in Actua Corporation (NASDAQ:ACTA) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,303 shares of the software maker’s stock after buying an additional 2,718 shares during the period. Teachers Advisors LLC’s holdings in Actua Corporation were worth $1,241,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Actua Corporation during the first quarter valued at about $112,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Actua Corporation during the first quarter valued at about $294,000. American International Group Inc. increased its position in shares of Actua Corporation by 7.1% in the first quarter. American International Group Inc. now owns 22,144 shares of the software maker’s stock valued at $311,000 after buying an additional 1,461 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Actua Corporation by 1.0% in the first quarter. Nationwide Fund Advisors now owns 31,620 shares of the software maker’s stock valued at $444,000 after buying an additional 316 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Actua Corporation by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after buying an additional 28,882 shares in the last quarter. Hedge funds and other institutional investors own 73.37% of the company’s stock.
Shares of Actua Corporation (ACTA) traded up 1.99% on Tuesday, hitting $12.80. 30,324 shares of the stock traded hands. The stock has a market cap of $396.31 million, a P/E ratio of 5.40 and a beta of 1.62. Actua Corporation has a 52-week low of $9.98 and a 52-week high of $15.27. The stock’s 50 day moving average price is $13.28 and its 200 day moving average price is $13.83.
Actua Corporation (NASDAQ:ACTA) last announced its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The company had revenue of $31.19 million for the quarter, compared to analyst estimates of $31.57 million. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.35) earnings per share. On average, equities analysts expect that Actua Corporation will post ($0.12) EPS for the current fiscal year.
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Several research analysts have recently issued reports on ACTA shares. Zacks Investment Research upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Actua Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.
About Actua Corporation
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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