S. Muoio & CO. LLC Acquires Shares of 6,900 XO Group, Inc. (XOXO)
S. Muoio & CO. LLC bought a new stake in XO Group, Inc. (NYSE:XOXO) during the 3rd quarter, Holdings Channel reports. The fund bought 6,900 shares of the specialty retailer’s stock, valued at approximately $238,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of XOXO. Gabelli Funds LLC purchased a new position in XO Group in the third quarter valued at about $14,655,000. Acadian Asset Management LLC grew its stake in XO Group by 524.6% in the second quarter. Acadian Asset Management LLC now owns 503,815 shares of the specialty retailer’s stock valued at $16,124,000 after purchasing an additional 423,150 shares during the last quarter. WINTON GROUP Ltd purchased a new position in XO Group in the second quarter valued at about $12,113,000. BlackRock Inc. grew its stake in XO Group by 9.3% in the second quarter. BlackRock Inc. now owns 3,537,109 shares of the specialty retailer’s stock valued at $113,189,000 after purchasing an additional 300,896 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in XO Group in the third quarter valued at about $7,987,000. Institutional investors own 86.85% of the company’s stock.
Several equities analysts have issued reports on XOXO shares. Roth Capital cut their target price on XO Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 31st. Zacks Investment Research upgraded XO Group from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, August 3rd. ValuEngine lowered XO Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 18th. B. Riley lowered XO Group from a “buy” rating to a “neutral” rating and lifted their target price for the company from $32.00 to $35.00 in a research note on Wednesday, September 26th. Finally, Aegis reiterated a “hold” rating and issued a $34.00 target price on shares of XO Group in a research note on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. XO Group currently has a consensus rating of “Hold” and a consensus target price of $31.50.
XO Group (NYSE:XOXO) last issued its quarterly earnings results on Thursday, November 1st. The specialty retailer reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. XO Group had a return on equity of 9.17% and a net margin of 8.17%. The business had revenue of $43.06 million for the quarter, compared to analyst estimates of $42.79 million. As a group, research analysts forecast that XO Group, Inc. will post 0.66 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2018/11/15/s-muoio-co-llc-acquires-shares-of-6900-xo-group-inc-xoxo.html.
XO Group Company Profile
XO Group Inc provides multiplatform media and marketplace services to the wedding, pregnancy and parenting, and local entertainment markets primarily in the United States. It operates a network of Websites under various brands, including The Knot, which offers wedding resources and marketplaces through wedding Website and mobile apps, national and local wedding magazines, and nationally published books; and The Bump, a pregnancy and parenting brand that provides personalized information, content, and tools for navigating the journey from fertility to pregnancy and parenting through the toddler years.
Featured Story: Penny Stocks, Risk and Reward Factors
Want to see what other hedge funds are holding XOXO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XO Group, Inc. (NYSE:XOXO).
Receive News & Ratings for XO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XO Group and related companies with MarketBeat.com's FREE daily email newsletter.