Mint Tower Capital Management B.V. acquired a new stake in shares of XO Group, Inc. (NYSE:XOXO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the specialty retailer’s stock, valued at approximately $172,000.
Other large investors also recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new stake in shares of XO Group during the second quarter valued at approximately $178,000. Piedmont Investment Advisors LLC purchased a new stake in shares of XO Group during the second quarter valued at approximately $182,000. Xact Kapitalforvaltning AB purchased a new stake in shares of XO Group during the third quarter valued at approximately $210,000. ClariVest Asset Management LLC purchased a new stake in shares of XO Group during the second quarter valued at approximately $218,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of XO Group during the second quarter valued at approximately $222,000. 86.88% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on XOXO. Zacks Investment Research lowered XO Group from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised XO Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 26th. Aegis reissued a “hold” rating and set a $34.00 price objective on shares of XO Group in a research note on Thursday, September 27th. B. Riley lowered XO Group from a “buy” rating to a “neutral” rating and increased their price objective for the company from $32.00 to $35.00 in a research note on Wednesday, September 26th. Finally, Roth Capital dropped their price objective on XO Group from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.50.
Shares of XOXO stock opened at $34.45 on Friday. XO Group, Inc. has a 52 week low of $17.49 and a 52 week high of $35.83. The firm has a market capitalization of $895.54 million, a P/E ratio of 53.14 and a beta of 0.75.
XO Group (NYSE:XOXO) last announced its quarterly earnings results on Thursday, November 1st. The specialty retailer reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. XO Group had a return on equity of 9.17% and a net margin of 8.17%. The company had revenue of $43.06 million during the quarter, compared to analyst estimates of $42.79 million. As a group, analysts expect that XO Group, Inc. will post 0.66 EPS for the current fiscal year.
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XO Group Profile
XO Group Inc provides multiplatform media and marketplace services to the wedding, pregnancy and parenting, and local entertainment markets primarily in the United States. It operates a network of Websites under various brands, including The Knot, which offers wedding resources and marketplaces through wedding Website and mobile apps, national and local wedding magazines, and nationally published books; and The Bump, a pregnancy and parenting brand that provides personalized information, content, and tools for navigating the journey from fertility to pregnancy and parenting through the toddler years.
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