Emerald Acquisition Ltd. Invests $1,878,000 in Monster Worldwide Inc. (MWW)

Emerald Acquisition Ltd. bought a new position in Monster Worldwide Inc. (NYSE:MWW) during the second quarter, Holdings Channel reports. The firm bought 785,845 shares of the company’s stock, valued at approximately $1,878,000. Emerald Acquisition Ltd. owned about 0.88% of Monster Worldwide as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in Monster Worldwide by 2.4% in the first quarter. Arizona State Retirement System now owns 46,026 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Monster Worldwide during the first quarter worth about $275,000. Societe Generale purchased a new stake in shares of Monster Worldwide during the second quarter worth about $290,000. Algert Global LLC purchased a new stake in shares of Monster Worldwide during the first quarter worth about $371,000. Finally, Pacad Investment Ltd. raised its stake in shares of 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. 90.47% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Monster Worldwide (NYSE:MWW)

Monster Worldwide Inc. (NYSE:MWW) traded up 1.69% on Friday, reaching $3.61. 933,113 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.04. Monster Worldwide Inc. has a 1-year low of $2.13 and a 1-year high of $7.74. The company’s market capitalization is $321.52 million.

Monster Worldwide (NYSE:MWW) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.05. The company had revenue of $150.90 million for the quarter, compared to the consensus estimate of $156.87 million. Monster Worldwide had a positive return on equity of 3.67% and a negative net margin of 8.79%. Monster Worldwide’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, equities research analysts anticipate that Monster Worldwide Inc. will post $0.05 earnings per share for the current year.

A number of equities research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $3.50 price objective on shares of Monster Worldwide in a report on Wednesday, August 10th. BMO Capital Markets lowered shares of Monster Worldwide from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $4.00 to $3.00 in a report on Monday, July 11th. Finally, Avondale Partners lowered shares of Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 price objective for the company. in a report on Monday, August 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $3.31.

In other news, EVP Michael Connolly Miller sold 7,103 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $3.54, for a total value of $25,144.62. Following the completion of the transaction, the executive vice president now owns 144,974 shares of the company’s stock, valued at $513,207.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.

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.

5 Day Chart for NYSE:MWW

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