Capital World Investors Sells 1,667,898 Shares of Actua Corporation (ACTA)

Capital World Investors reduced its stake in Actua Corporation (NASDAQ:ACTA) by 74.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 566,155 shares of the software maker’s stock after selling 1,667,898 shares during the period. Capital World Investors owned approximately 1.83% of Actua Corporation worth $7,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Actua Corporation by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,669,742 shares of the software maker’s stock valued at $37,510,000 after buying an additional 159,629 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Actua Corporation by 99.7% in the second quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after buying an additional 661,800 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Actua Corporation by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after buying an additional 28,882 shares during the period. Geode Capital Management LLC boosted its stake in shares of Actua Corporation by 3.7% in the first quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock valued at $4,205,000 after buying an additional 10,591 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Actua Corporation by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 127,085 shares of the software maker’s stock valued at $1,786,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Shares of Actua Corporation (NASDAQ ACTA) opened at 15.65 on Wednesday. The company has a 50 day moving average price of $13.37 and a 200 day moving average price of $13.73. The company has a market capitalization of $484.56 million, a PE ratio of 6.60 and a beta of 1.64. Actua Corporation has a 52 week low of $11.20 and a 52 week high of $15.75.

Actua Corporation (NASDAQ:ACTA) last announced its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The firm had revenue of $31.19 million during the quarter, compared to the consensus estimate of $31.57 million. During the same period last year, the firm earned ($0.35) EPS. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities research analysts expect that Actua Corporation will post ($0.12) earnings per share for the current year.

Several equities research analysts recently issued reports on ACTA shares. Zacks Investment Research cut Actua Corporation from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. BidaskClub cut Actua Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. ValuEngine cut Actua Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Finally, Barrington Research cut Actua Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.00.

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Actua Corporation Company Profile

Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.

Institutional Ownership by Quarter for Actua Corporation (NASDAQ:ACTA)

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