Amalgamated Bank Reduces Stake in IAC by Nearly Half in First Quarter

August 12, 2023

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IAC ($NASDAQ:IAC) Inc., parent company of popular online streaming service ViacomCBS and the home shopping network HSN, is a leading interactive entertainment and media conglomerate. The most recent move by Amalgamated Bank has been to reduce its stake in IAC Inc. by nearly half during the first quarter. This new filing was reported to the appropriate regulators as part of IAC Inc.’s quarterly report. The exact amount of the stake is undisclosed, however it is estimated to be worth several hundred million dollars.

Amalgamated Bank is one of the largest shareholders in IAC Inc., and its decision to reduce its stake has created some uncertainty in the stock market. While the exact motive for the sale is unknown, many analysts believe that the bank is taking a more conservative stance on IAC Inc. in light of recent market volatility. With the right investments and strategic decisions, IAC Inc. could still find success in the long run.

Market Price

Monday was a good day for IAC Inc. stock. The stock opened at $66.0 and closed at $67.4, representing a 2.9% increase from its closing price of 65.5 the previous day. Despite the fact that Amalgamated Bank had decreased its ownership in IAC Inc., the company is still one of their largest stakeholders. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Iac Inc. More…

    Total Revenues Net Income Net Margin
    4.74k 252.19 -8.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Iac Inc. More…

    Operations Investing Financing
    53.37 -296.74 -242.21
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Iac Inc. More…

    Total Assets Total Liabilities Book Value Per Share
    10.55k 3.74k 71.24
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Iac Inc are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -0.7% 9.9%
    FCF Margin ROE ROA
    -2.5% 4.7% 2.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we recently conducted an analysis of IAC INC‘s wellbeing. The results of this analysis revealed that IAC INC is a high risk investment in terms of both financial and business aspects. Additionally, our analysis identified two risk warnings in the income sheet and cashflow statement. We encourage those interested in learning more about IAC INC to become a registered user of GoodWhale. We offer a comprehensive breakdown of the risks associated with the company, as well as detailed insight into the income sheet and cashflow statement. Our platform allows users to make educated decisions when considering investments, and to take action accordingly. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    IAC/InterActiveCorp is headquartered in New York City.

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    Investors should take a closer look at IAC Inc., as the company’s first quarter filings show that Amalgamated Bank has drastically cut its stake by 48.9%. This could be a sign that the company is not performing as well as expected, and investors may want to rethink their position.

    However, investors should also consider the company’s financial performance in the past and the economic and industry outlook for the future. They should also monitor other investors’ actions, as well as the company’s debt and cash flow. This data can help provide insight into whether or not the company is in a good position to perform. With these factors in mind, investors can make an informed decision on whether or not to invest in IAC Inc.

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