Emerald Acquisition Ltd. bought a new stake in shares of XO Group Inc. (NYSE:XOXO) during the second quarter, Holdings Channel reports. The institutional investor bought 42,887 shares of the company’s stock, valued at approximately $748,000. Emerald Acquisition Ltd. owned 0.17% of XO Group at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Wedge Capital Management L L P NC increased its stake in XO Group by 422.2% in the second quarter. Wedge Capital Management L L P NC now owns 72,115 shares of the company’s stock valued at $684,000 after buying an additional 58,306 shares during the period. First Midwest Bank Trust Division increased its position in XO Group by 46.9% in the second quarter. First Midwest Bank Trust Division now owns 21,283 shares of the company’s stock valued at $371,000 after buying an additional 6,799 shares during the period. American Century Companies Inc. increased its position in XO Group by 2.3% in the second quarter. American Century Companies Inc. now owns 248,842 shares of the company’s stock valued at $4,337,000 after buying an additional 5,617 shares during the period. Louisiana State Employees Retirement System increased its position in XO Group by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the company’s stock valued at $185,000 after buying an additional 100 shares during the period. Finally, Bank of Montreal Can acquired a new position in XO Group during the second quarter valued at approximately $273,000. Hedge funds and other institutional investors own 83.29% of the company’s stock.
Shares of XO Group Inc. (NYSE:XOXO) traded up 1.27% during midday trading on Friday, reaching $19.09. 22,202 shares of the company were exchanged. The company has a market capitalization of $484.73 million, a PE ratio of 68.18 and a beta of 1.01. The stock’s 50-day moving average price is $19.06 and its 200-day moving average price is $17.73. XO Group Inc. has a 52-week low of $13.64 and a 52-week high of $19.92.
XO Group (NYSE:XOXO) last released its quarterly earnings data on Monday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. XO Group had a net margin of 5.09% and a return on equity of 6.51%. The company earned $38.70 million during the quarter, compared to analyst estimates of $39 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that XO Group Inc. will post $0.49 EPS for the current year.
Several equities research analysts have recently issued reports on the stock. B. Riley cut shares of XO Group from a “buy” rating to a “neutral” rating and set a $19.50 price objective for the company. in a research report on Thursday, July 21st. Axiom Securities reissued a “buy” rating and issued a $21.00 price target on shares of XO Group in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research raised shares of XO Group from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. XO Group presently has a consensus rating of “Buy” and a consensus target price of $20.50.
In other news, Director David Liu sold 9,900 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $18.70, for a total value of $185,130.00. Following the completion of the sale, the director now owns 518,772 shares of the company’s stock, valued at $9,701,036.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by insiders.
XO Group Company Profile
XO Group Inc is engaged in providing content and marketing solutions, targeted advertising programs, transactions and merchandise. The Company guides couples through transformative life stages from getting married, to moving in together and having a baby through its multi-platform brands, including The Knot, The Bump and The Nest.
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