Dorsal Capital Management Has Increased Dollar Gen New (DG) Holding; Overstockcom (OSTK) Sentiment Is 1.42

November 14, 2017 - By Clifton Ray

Overstock.com, Inc. is an online retailer and incubator of blockchain technology. The company has market cap of $1.26 billion. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods. It currently has negative earnings. It operates Retail and Medici businesses.

Dorsal Capital Management Llc increased Dollar Gen Corp New (DG) stake by 36.36% reported in 2017Q2 SEC filing. Dorsal Capital Management Llc acquired 400,000 shares as Dollar Gen Corp New (DG)’s stock declined 7.36%. The Dorsal Capital Management Llc holds 1.50M shares with $108.14 million value, up from 1.10 million last quarter. Dollar Gen Corp New now has $22.75 billion valuation. The stock decreased 0.22% or $0.18 during the last trading session, reaching $83.25. About 2.76M shares traded or 37.31% up from the average. Dollar General Corp. (NYSE:DG) has declined 12.26% since November 14, 2016 and is downtrending. It has underperformed by 28.96% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $50,229 activity.

Fny Managed Accounts Llc holds 3.28% of its portfolio in Overstock.com, Inc. for 20,000 shares. Chou Associates Management Inc. owns 582,271 shares or 2.94% of their US portfolio. Moreover, Thomson Horstmann & Bryant Inc has 1.63% invested in the company for 775,015 shares. The Tennessee-based Lee Danner & Bass Inc has invested 1.11% in the stock. Vertex One Asset Management Inc., a British Columbia – Canada-based fund reported 253,296 shares.

About 3.40 million shares traded or 23.64% up from the average. Overstock.com, Inc. (OSTK) has declined 7.99% since November 14, 2016 and is downtrending. It has underperformed by 24.69% the S&P500.

Analysts await Overstock.com, Inc. (NASDAQ:OSTK) to report earnings on January, 30. They expect $-0.03 earnings per share, down 125.00% or $0.15 from last year’s $0.12 per share. After $-0.03 actual earnings per share reported by Overstock.com, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 0.98 in 2017 Q2. Its up 0.03, from 0.95 in 2017Q1. It increased, as 62 investors sold DG shares while 193 reduced holdings. 71 funds opened positions while 178 raised stakes. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Moreover, Mai Cap has 0.01% invested in Dollar General Corp. (NYSE:DG) for 3,163 shares. Ellington Mngmt Grp Inc Ltd Llc invested in 0.17% or 16,800 shares. Psagot Inv House Limited accumulated 25,534 shares. Advantus Capital Mgmt has invested 0.05% in Dollar General Corp. (NYSE:DG). 3,814 are held by Massmutual Tru Fsb Adv. Cibc World Mkts Corporation invested 0.03% of its portfolio in Dollar General Corp. (NYSE:DG). Moreover, Cap International Ca has 0.33% invested in Dollar General Corp. (NYSE:DG) for 32,100 shares. 140,938 were reported by Bahl And Gaynor Inc. Point72 Asia (Hong Kong) Ltd has 0.06% invested in Dollar General Corp. (NYSE:DG). Keybank Association Oh has invested 0.01% in Dollar General Corp. (NYSE:DG). Truenorth Inc stated it has 0.15% of its portfolio in Dollar General Corp. (NYSE:DG). Patten holds 0.13% or 4,204 shares. Dubuque Bancorp Com accumulated 0% or 100 shares. Kames Capital Public Limited Co has invested 0% in Dollar General Corp. (NYSE:DG). Waddell Reed Finance holds 0.09% or 585,005 shares.

Among 28 analysts covering Dollar General Corp. (NYSE:DG), 13 have Buy rating, 3 Sell and 12 Hold. Therefore 46% are positive. Dollar General Corp. had 86 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 9. The firm earned “Buy” rating on Tuesday, February 23 by Buckingham Research. Credit Suisse maintained it with “Outperform” rating and $95 target in Friday, May 27 report. The stock of Dollar General Corp. (NYSE:DG) has “Hold” rating given on Monday, October 10 by . The firm has “Neutral” rating by Bank of America given on Friday, January 13. Deutsche Bank maintained it with “Buy” rating and $95 target in Friday, May 27 report. The stock has “Buy” rating by M Partners on Friday, May 27. Citigroup maintained the shares of DG in report on Wednesday, August 31 with “Buy” rating. The stock has “Hold” rating by Jefferies on Monday, July 17. UBS maintained the shares of DG in report on Friday, August 26 with “Buy” rating.

Dorsal Capital Management Llc decreased Crown Castle Intl Corp New (NYSE:CCI) stake by 125,000 shares to 375,000 valued at $37.57M in 2017Q2. It also reduced Amazon Com Inc (NASDAQ:AMZN) stake by 15,000 shares and now owns 95,000 shares. American Tower Corp New (NYSE:AMT) was reduced too.

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