Mission Wealth Management LP bought a new position in IAA (NYSE:IAA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,145 shares of the company’s stock, valued at approximately $216,000.
A number of other institutional investors have also recently modified their holdings of the stock. Third Point LLC boosted its holdings in IAA by 62.8% in the 2nd quarter. Third Point LLC now owns 10,585,000 shares of the company’s stock worth $408,263,000 after buying an additional 4,085,000 shares during the period. Melvin Capital Management LP boosted its holdings in IAA by 275.0% in the 1st quarter. Melvin Capital Management LP now owns 4,875,000 shares of the company’s stock worth $146,055,000 after buying an additional 3,575,000 shares during the period. Bessemer Group Inc. boosted its holdings in IAA by 25.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,962,455 shares of the company’s stock worth $152,832,000 after buying an additional 808,425 shares during the period. Cadian Capital Management LP purchased a new stake in IAA in the 2nd quarter worth $126,394,000. Finally, Neuberger Berman Group LLC lifted its stake in IAA by 20.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,217,245 shares of the company’s stock worth $85,519,000 after purchasing an additional 377,836 shares in the last quarter.
Shares of IAA stock opened at $58.21 on Friday. The company has a market capitalization of $7.80 billion, a P/E ratio of 47.33, a P/E/G ratio of 6.34 and a beta of 2.01. The company’s 50-day simple moving average is $52.94 and its two-hundred day simple moving average is $42.64. IAA has a one year low of $21.79 and a one year high of $59.30.
IAA (NYSE:IAA) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.12. IAA had a net margin of 12.01% and a negative return on equity of 148.99%. The firm had revenue of $296.80 million for the quarter, compared to the consensus estimate of $256.52 million. During the same period last year, the firm earned $0.44 earnings per share. The company’s quarterly revenue was down 19.0% on a year-over-year basis. As a group, analysts expect that IAA will post 1.3 earnings per share for the current fiscal year.
IAA has been the topic of several research analyst reports. Zacks Investment Research cut shares of IAA from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $54.00 price target on shares of IAA in a research note on Sunday, August 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. IAA currently has a consensus rating of “Buy” and a consensus price target of $48.58.
IAA, Inc, together with its subsidiaries, provides auction solutions for total loss, damaged, and low-value vehicles in North America. It also provides auction services in the United Kingdom. The company, through its marketplaces, associate with insurance total loss vehicles, including vehicles from catastrophic events, as well as with noninsurance customers, such as dealerships, rental car companies, fleet lease companies, charitable organizations, and general public.
See Also: Buy-Side Analysts
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