Fosun International LTD Has Cut Sina (SINA) Holding as Valuation Rose; Howard Hughes (HHC) Holding Has Boosted by Consulta Ltd

February 18, 2018 - By Linda Rogers

Fosun International Ltd decreased its stake in Sina Corp (SINA) by 22.22% based on its latest 2017Q3 regulatory filing with the SEC. Fosun International Ltd sold 283,116 shares as the company’s stock rose 35.03% with the market. The institutional investor held 990,802 shares of the prepackaged software company at the end of 2017Q3, valued at $113.60 million, down from 1.27 million at the end of the previous reported quarter. Fosun International Ltd who had been investing in Sina Corp for a number of months, seems to be less bullish one the $8.22 billion market cap company. The stock decreased 3.28% or $3.9 during the last trading session, reaching $114.95. About 993,035 shares traded or 1.66% up from the average. SINA Corporation (NASDAQ:SINA) has risen 139.34% since February 18, 2017 and is uptrending. It has outperformed by 122.64% the S&P500.

Consulta Ltd increased its stake in Howard Hughes Corp (HHC) by 25% based on its latest 2017Q3 regulatory filing with the SEC. Consulta Ltd bought 100,000 shares as the company’s stock rose 10.78% with the market. The institutional investor held 500,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $58.97 million, up from 400,000 at the end of the previous reported quarter. Consulta Ltd who had been investing in Howard Hughes Corp for a number of months, seems to be bullish on the $5.23B market cap company. The stock increased 0.19% or $0.23 during the last trading session, reaching $121.77. About 303,675 shares traded or 30.97% up from the average. The Howard Hughes Corporation (NYSE:HHC) has risen 25.50% since February 18, 2017 and is uptrending. It has outperformed by 8.80% the S&P500.

Since December 29, 2017, it had 0 insider buys, and 1 insider sale for $319.65 million activity.

Investors sentiment decreased to 1.45 in 2017 Q3. Its down 0.11, from 1.56 in 2017Q2. It dived, as 20 investors sold HHC shares while 54 reduced holdings. 31 funds opened positions while 76 raised stakes. 35.06 million shares or 1.51% more from 34.54 million shares in 2017Q2 were reported. 63 were reported by Plante Moran Fincl Advsrs Ltd Liability Co. Janney Montgomery Scott Ltd Liability Co owns 2,069 shares. Panagora Asset Management has 2,100 shares. Montag A And Associates holds 2,400 shares. Fifth Third Bancorporation reported 150 shares. Loeb Partners Corporation accumulated 4,500 shares. Fsi Group Limited Com stated it has 19,129 shares. Advisory Research has 251,118 shares for 0.47% of their portfolio. Ingalls & Snyder Limited Company stated it has 40,864 shares. Pnc Fin Svcs holds 19,997 shares or 0% of its portfolio. Us Bancshares De holds 3,676 shares. Ar Asset Mgmt Inc has 4,296 shares for 0.2% of their portfolio. Atlantic Grp Ltd Liability Corp has invested 0% of its portfolio in The Howard Hughes Corporation (NYSE:HHC). Comerica National Bank & Trust holds 69,515 shares. Dreman Value L L C holds 1,780 shares or 0.12% of its portfolio.

Consulta Ltd, which manages about $747.06M US Long portfolio, decreased its stake in Berkshire Hathaway Inc Del (BRKB) by 220,000 shares to 675,000 shares, valued at $123.74 million in 2017Q3, according to the filing.

Among 7 analysts covering Howard Hughes (NYSE:HHC), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Howard Hughes had 11 analyst reports since August 14, 2015 according to SRatingsIntel. As per Sunday, August 16, the company rating was maintained by JMP Securities. The firm has “Buy” rating by BWS Financial given on Thursday, June 8. The firm has “Buy” rating given on Friday, May 13 by Citigroup. On Tuesday, December 8 the stock rating was maintained by Compass Point with “Buy”. CJS Securities initiated the shares of HHC in report on Monday, October 31 with “Market Outperform” rating. The stock of The Howard Hughes Corporation (NYSE:HHC) has “Buy” rating given on Wednesday, August 10 by Citigroup. The company was maintained on Monday, May 23 by Compass Point. The company was initiated on Thursday, March 30 by Sandler O’Neill. TheStreet downgraded the shares of HHC in report on Thursday, September 24 to “Sell” rating.

Fosun International Ltd, which manages about $1.01 billion US Long portfolio, upped its stake in Impax Laboratories Inc (NASDAQ:IPXL) by 3.55 million shares to 3.85M shares, valued at $78.26M in 2017Q3, according to the filing. It also increased its holding in Colony Cap Inc by 7.50M shares in the quarter, for a total of 12.53M shares, and has risen its stake in Ikang Healthcare Group Inc (NASDAQ:KANG).

Analysts await SINA Corporation (NASDAQ:SINA) to report earnings on February, 28. They expect $0.38 EPS, up 40.74% or $0.11 from last year’s $0.27 per share. SINA’s profit will be $27.18M for 75.63 P/E if the $0.38 EPS becomes a reality. After $0.66 actual EPS reported by SINA Corporation for the previous quarter, Wall Street now forecasts -42.42% negative EPS growth.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.41, from 1.65 in 2017Q2. It turned negative, as 21 investors sold SINA shares while 68 reduced holdings. 46 funds opened positions while 64 raised stakes. 45.93 million shares or 0.75% more from 45.59 million shares in 2017Q2 were reported. Asset Management holds 3,901 shares or 0.01% of its portfolio. Jane Street Gp Llc accumulated 25,447 shares or 0.01% of the stock. Wellington Management Grp Incorporated Limited Liability Partnership owns 1.21 million shares. Credit Agricole S A reported 0.02% stake. Driehaus Capital Limited Liability reported 209,772 shares or 0.94% of all its holdings. Lazard Asset Mgmt Ltd Com owns 3,300 shares for 0% of their portfolio. Eagle Global Advsrs Ltd invested in 0.29% or 84,195 shares. 5,617 were reported by Natixis. Trexquant Inv Limited Partnership invested 0.17% in SINA Corporation (NASDAQ:SINA). 2,544 were reported by Bluecrest Capital. Baring Asset Management Limited reported 51,527 shares stake. Essex Invest Management Ltd Liability Company has 0.2% invested in SINA Corporation (NASDAQ:SINA). Commercial Bank Of Ny Mellon has 0% invested in SINA Corporation (NASDAQ:SINA). Great West Life Assurance Can invested 0.01% in SINA Corporation (NASDAQ:SINA). Central Asset & Management Holding (Hk) owns 14,300 shares.

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