Engineers Gate Manager LP Has $2.61 Million Holdings in Match Group, Inc. (MTCH)

Engineers Gate Manager LP raised its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,708 shares of the technology company’s stock after acquiring an additional 2,255 shares during the quarter. Engineers Gate Manager LP’s holdings in Match Group were worth $2,614,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cubist Systematic Strategies LLC raised its holdings in shares of Match Group by 499.8% in the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after buying an additional 5,333 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Match Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after buying an additional 519 shares during the last quarter. Turner Investments LLC bought a new position in shares of Match Group in the third quarter valued at about $162,000. BNP Paribas Arbitrage SA raised its holdings in shares of Match Group by 162.9% in the third quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after buying an additional 4,359 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Match Group by 40.7% in the third quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock valued at $172,000 after buying an additional 2,129 shares during the last quarter. 21.03% of the stock is owned by institutional investors.

Match Group, Inc. (NASDAQ MTCH) opened at $28.68 on Thursday. The stock has a market capitalization of $7,738.25, a PE ratio of 48.02, a PEG ratio of 3.60 and a beta of 0.77. Match Group, Inc. has a 12-month low of $15.42 and a 12-month high of $32.87. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. Match Group had a return on equity of 31.18% and a net margin of 34.06%. Match Group’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. equities research analysts predict that Match Group, Inc. will post 0.63 earnings per share for the current fiscal year.

In other news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.10% of the stock is currently owned by insiders.

MTCH has been the subject of several recent research reports. BidaskClub cut Match Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Cowen reissued an “outperform” rating and set a $28.00 price objective (up from $22.00) on shares of Match Group in a report on Friday, October 13th. BMO Capital Markets reissued an “outperform” rating and set a $30.00 price objective (up from $21.00) on shares of Match Group in a report on Friday, October 13th. UBS cut Match Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $28.00 to $35.00 in a report on Thursday, November 9th. Finally, Jefferies Group reissued a “buy” rating and set a $28.00 price objective on shares of Match Group in a report on Saturday, September 30th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.09.

WARNING: “Engineers Gate Manager LP Has $2.61 Million Holdings in Match Group, Inc. (MTCH)” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.com-unik.info/2017/12/07/engineers-gate-manager-lp-has-2-61-million-holdings-in-match-group-inc-mtch.html.

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.

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

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