Saba Capital Management LP Has Raised Tesla (Put) (TSLA) Holding; Usa Technologies (USAT) Shorts Raised By 15.62%

April 19, 2018 - By Marguerite Chambers

USA Technologies, Inc. (NASDAQ:USAT) Logo

Saba Capital Management Lp increased Tesla Inc (Put) (TSLA) stake by 88.1% reported in 2017Q4 SEC filing. Saba Capital Management Lp acquired 45,900 shares as Tesla Inc (Put) (TSLA)’s stock declined 14.15%. The Saba Capital Management Lp holds 98,000 shares with $30.51M value, up from 52,100 last quarter. Tesla Inc (Put) now has $50.09 billion valuation. The stock increased 1.08% or $3.175 during the last trading session, reaching $296.525. About 3.47 million shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 3.32% since April 19, 2017 and is uptrending. It has underperformed by 8.23% the S&P500.

Usa Technologies Inc (NASDAQ:USAT) had an increase of 15.62% in short interest. USAT’s SI was 4.07M shares in April as released by FINRA. Its up 15.62% from 3.52M shares previously. With 593,800 avg volume, 7 days are for Usa Technologies Inc (NASDAQ:USAT)’s short sellers to cover USAT’s short positions. The SI to Usa Technologies Inc’s float is 8.92%. The stock decreased 3.70% or $0.35 during the last trading session, reaching $9.1. About 184,068 shares traded. USA Technologies, Inc. (NASDAQ:USAT) has risen 128.40% since April 19, 2017 and is uptrending. It has outperformed by 116.85% the S&P500.

Saba Capital Management Lp decreased Wells Fargo Multi Sector Inc (ERC) stake by 371,034 shares to 724,088 valued at $9.46 million in 2017Q4. It also reduced Clough Global Equity Fd (GLQ) stake by 2.29M shares and now owns 258,662 shares. Advent Claymore Cv Secs & In (AVK) was reduced too.

Since October 24, 2017, it had 0 insider purchases, and 10 insider sales for $4.46 million activity. $141,754 worth of Tesla, Inc. (NASDAQ:TSLA) was sold by Branderiz Eric on Monday, February 26. FIELD JOHN DOUGLAS had sold 1,000 shares worth $321,408 on Friday, March 16. Musk Kimbal had sold 4,065 shares worth $1.27 million on Tuesday, January 2.

Among 36 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 12 have Buy rating, 9 Sell and 15 Hold. Therefore 33% are positive. Tesla Motors Inc had 140 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Sell” rating by Goldman Sachs given on Tuesday, April 10. Citigroup maintained it with “Hold” rating and $347.0 target in Thursday, March 8 report. The rating was maintained by Goldman Sachs on Friday, August 7 with “Hold”. The company was downgraded on Friday, October 27 by Evercore. RBC Capital Markets maintained Tesla, Inc. (NASDAQ:TSLA) on Thursday, February 23 with “Sector Perform” rating. The rating was maintained by Global Equities Research on Sunday, August 16 with “Overweight”. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Sell” rating given on Thursday, February 8 by UBS. The rating was maintained by Deutsche Bank on Tuesday, August 4 with “Hold”. The rating was upgraded by Standpoint Research to “Hold” on Friday, June 24. Guggenheim maintained it with “Buy” rating and $43000 target in Thursday, August 3 report.

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.25, from 1.3 in 2017Q3. It dived, as 105 investors sold TSLA shares while 156 reduced holdings. 69 funds opened positions while 206 raised stakes. 96.06 million shares or 3.01% more from 93.25 million shares in 2017Q3 were reported. Allsquare Wealth Management Limited Liability Com has invested 0.01% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Moneta Gru Inv Lc reported 115 shares. Northwestern Mutual Wealth Mgmt has 5,101 shares. Malaga Cove Capital Ltd Limited Liability Company holds 1,993 shares or 0.35% of its portfolio. Alyeska Gp Lp holds 25,000 shares. Nelson Roberts Invest Ltd Company has invested 0.01% in Tesla, Inc. (NASDAQ:TSLA). Cibc World Mkts owns 6,600 shares. Lourd Cap Ltd Liability holds 1,590 shares or 0.03% of its portfolio. Connor Clark And Lunn Inv Mngmt Limited has 0.01% invested in Tesla, Inc. (NASDAQ:TSLA). Kbc Gp Nv reported 0.07% in Tesla, Inc. (NASDAQ:TSLA). First Allied Advisory Services holds 0.07% or 5,572 shares. Cornerstone Capital Management Limited invested in 12,416 shares or 0.03% of the stock. Wade G W & Inc invested 0.04% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Delta Asset Management Lc Tn, Tennessee-based fund reported 33 shares. Horseman Cap Mngmt Ltd accumulated 30,000 shares or 1.97% of the stock.

Since December 14, 2017, it had 0 insider buys, and 1 sale for $190,467 activity. The insider MOSCHNER ALBIN F sold $190,467.

Investors sentiment decreased to 1.16 in Q4 2017. Its down 2.78, from 3.94 in 2017Q3. It fall, as 14 investors sold USA Technologies, Inc. shares while 29 reduced holdings. 21 funds opened positions while 29 raised stakes. 27.52 million shares or 43.44% less from 48.65 million shares in 2017Q3 were reported. Driehaus Mgmt Ltd Liability Corporation has invested 0.08% in USA Technologies, Inc. (NASDAQ:USAT). White Pine Cap Ltd Co has invested 0.3% in USA Technologies, Inc. (NASDAQ:USAT). 10,689 are held by Css Llc Il. Schwab Charles Investment Mngmt holds 0% or 102,663 shares. Ameriprise Fincl owns 199,603 shares. Barclays Public Ltd Co has 0% invested in USA Technologies, Inc. (NASDAQ:USAT) for 7,703 shares. California Employees Retirement Systems holds 134,000 shares or 0% of its portfolio. Ameritas Investment Prtn Inc has invested 0% in USA Technologies, Inc. (NASDAQ:USAT). Mark Sheptoff Financial Planning Ltd Liability owns 20 shares. Huntington Savings Bank invested 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Kistler has 2,671 shares. Savings Bank Of America Corporation De accumulated 17,420 shares. Cortina Asset Mngmt Ltd Liability owns 804,786 shares. Susquehanna Interest Group Limited Liability Partnership accumulated 26,499 shares. Granite Investment Partners Ltd owns 462,010 shares.

USA Technologies, Inc. (NASDAQ:USAT) Institutional Positions Chart

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