Medianews Group, Inc disclosed that they own 11.6% of Monster Worldwide Inc. (NYSE:MWW) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, September 30th. The investor owns 10,300,000 shares of the stock valued at about $36,565,000. The filing is available through the SEC website at this link.
Several other hedge funds have also recently bought and sold shares of MWW. Acadian Asset Management LLC raised its stake in Monster Worldwide by 384.9% in the first quarter. Acadian Asset Management LLC now owns 696,214 shares of the company’s stock worth $2,271,000 after buying an additional 552,624 shares in the last quarter. Pacad Investment Ltd. raised its stake in Monster Worldwide by 486.6% in the first quarter. Pacad Investment Ltd. now owns 157,199 shares of the company’s stock worth $512,000 after buying an additional 130,399 shares in the last quarter. Prudential Financial Inc. raised its stake in Monster Worldwide by 24.1% in the first quarter. Prudential Financial Inc. now owns 262,072 shares of the company’s stock worth $854,000 after buying an additional 50,900 shares in the last quarter. Algert Global LLC purchased a new stake in Monster Worldwide during the first quarter worth $371,000. Finally, BlackRock Group LTD raised its stake in Monster Worldwide by 36.7% in the first quarter. BlackRock Group LTD now owns 234,804 shares of the company’s stock worth $766,000 after buying an additional 63,058 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.
Shares of Monster Worldwide Inc. (NYSE:MWW) traded up 1.549% during trading on Friday, hitting $3.605. 448,209 shares of the company’s stock were exchanged. Monster Worldwide Inc. has a one year low of $2.13 and a one year high of $7.74. The stock’s market cap is $321.08 million. The firm has a 50-day moving average price of $3.58 and a 200-day moving average price of $3.04.
Monster Worldwide (NYSE:MWW) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.05. Monster Worldwide had a positive return on equity of 3.67% and a negative net margin of 8.79%. The business earned $150.90 million during the quarter, compared to analysts’ expectations of $156.87 million. During the same period in the previous year, the company posted $0.10 EPS. Monster Worldwide’s revenue for the quarter was down 16.4% on a year-over-year basis. Equities research analysts expect that Monster Worldwide Inc. will post $0.05 EPS for the current fiscal year.
MWW has been the subject of a number of analyst reports. BMO Capital Markets lowered shares of Monster Worldwide from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $4.00 to $3.00 in a report on Monday, July 11th. B. Riley downgraded shares of Monster Worldwide from a “buy” rating to a “neutral” rating and set a $3.50 price target for the company. in a research note on Friday, August 5th. Finally, Avondale Partners downgraded shares of Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 price target for the company. in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.43.
In other news, EVP Michael Connolly Miller sold 7,103 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $3.54, for a total value of $25,144.62. Following the completion of the sale, the executive vice president now owns 144,974 shares of the company’s stock, valued at approximately $513,207.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.
Monster Worldwide Company Profile
Monster Worldwide, Inc is engaged in connecting people to jobs. The Company offers services in over 40 countries, providing job seeking, career management, recruitment and talent management capabilities. The Company’s segments include Careers-North America and Careers-International. It offers digital, social and mobile solutions through its flagship Website monster.com.
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