Mon Sep 23 17:32:58 UTC 2024: ## Interval Partners Cuts Intercontinental Exchange Stake as Hedge Funds Show Mixed Interest

**New York, NY** – Interval Partners LP significantly reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) during the second quarter, selling off 38.4% of its shares, according to a recent SEC filing. This move comes amidst mixed signals from other hedge funds, with some increasing their positions while others acquire new stakes in the financial services provider.

Interval Partners now owns 82,274 shares of ICE, worth approximately $11.26 million. Meanwhile, Scarborough Advisors LLC, Annapolis Financial Services LLC, New Millennium Group LLC, International Assets Investment Management LLC, and Fairscale Capital LLC all acquired new positions in ICE during recent quarters, with each holding valued at around $25,000.

However, the overall ownership of ICE remains concentrated amongst institutional investors, who currently hold 89.3% of the company’s stock.

In separate news, insiders have been selling shares of ICE. Christopher Scott Edmonds sold 1,000 shares on July 17th, while COO Stuart Glen Williams sold 468 shares on September 18th. Over the past three months, insiders have offloaded 68,166 shares, amounting to $9.77 million. Insiders currently hold 1.10% of the company’s stock.

ICE’s stock opened at $159.84 on Monday, with a 52-week low of $104.49 and a 52-week high of $163.71. The company recently reported strong second-quarter earnings, exceeding analysts’ expectations for both earnings per share and revenue. However, the recent insider selling activity and Interval Partners’ stake reduction may signal some uncertainty surrounding the company’s future prospects.

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