Alibaba Group Hldg LTD (BABA) Holder Newbrook Capital Advisors LP Has Lowered Position by $44.55 Million; Amtrust Finl Svcs (AFSI) Shareholder Corsair Capital Management LP Has Upped Stake

February 15, 2018 - By Migdalia James

Robert Boucai decreased its stake in Alibaba Group Hldg Ltd (BABA) by 35.26% based on its latest 2017Q3 regulatory filing with the SEC. Newbrook Capital Advisors Lp sold 259,006 shares as the company’s stock rose 22.58% with the market. The hedge fund run by Robert Boucai held 475,487 shares of the business services company at the end of 2017Q3, valued at $82.12M, down from 734,493 at the end of the previous reported quarter. Newbrook Capital Advisors Lp who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $478.63B market cap company. The stock decreased 0.12% or $0.22 during the last trading session, reaching $186.54. About 6.75M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 15, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Jay Petschek increased its stake in Amtrust Finl Svcs Inc (AFSI) by 505.22% based on its latest 2017Q3 regulatory filing with the SEC. Corsair Capital Management Lp bought 83,523 shares as the company’s stock declined 55.63% while stock markets rallied. The hedge fund run by Jay Petschek held 100,055 shares of the finance company at the end of 2017Q3, valued at $6.63M, up from 16,532 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Amtrust Finl Svcs Inc for a number of months, seems to be bullish on the $2.62B market cap company. The stock increased 1.06% or $0.14 during the last trading session, reaching $13.36. About 107,790 shares traded. AmTrust Financial Services, Inc. (NASDAQ:AFSI) has declined 53.49% since February 15, 2017 and is downtrending. It has underperformed by 70.19% the S&P500.

Newbrook Capital Advisors Lp, which manages about $2.18B and $1.38B US Long portfolio, upped its stake in Ptc Inc (NASDAQ:PTC) by 459,315 shares to 2.06 million shares, valued at $116.06 million in 2017Q3, according to the filing. It also increased its holding in Electronic Arts Inc (NASDAQ:EA) by 247,304 shares in the quarter, for a total of 627,344 shares, and has risen its stake in Take (NASDAQ:TTWO).

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 168 analyst reports since August 12, 2015 according to SRatingsIntel. Needham maintained Alibaba Group Holding Limited (NYSE:BABA) on Thursday, October 20 with “Buy” rating. As per Thursday, November 30, the company rating was maintained by Tigress Financial. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by Barclays Capital on Wednesday, August 2. The rating was upgraded by Standpoint Research to “Accumulate” on Monday, January 9. As per Thursday, August 13, the company rating was upgraded by Vetr. Needham maintained the shares of BABA in report on Friday, November 3 with “Buy” rating. M Partners maintained Alibaba Group Holding Limited (NYSE:BABA) on Wednesday, August 26 with “Buy” rating. KeyBanc Capital Markets maintained the stock with “Buy” rating in Thursday, October 19 report. Goldman Sachs maintained Alibaba Group Holding Limited (NYSE:BABA) on Tuesday, June 21 with “Buy” rating. JP Morgan maintained the stock with “Overweight” rating in Tuesday, June 27 report.

Corsair Capital Management Lp, which manages about $1.44 billion and $596.34M US Long portfolio, decreased its stake in Iac Interactivecorp (NASDAQ:IACI) by 41,312 shares to 241,664 shares, valued at $28.42 million in 2017Q3, according to the filing. It also reduced its holding in Six Flags Entmt Corp New (NYSE:SIX) by 18,888 shares in the quarter, leaving it with 63,041 shares, and cut its stake in Orbital Atk Inc.

Among 8 analysts covering Amtrust Financial Services (NASDAQ:AFSI), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Amtrust Financial Services had 22 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, December 4 by Keefe Bruyette & Woods. FBR Capital downgraded the shares of AFSI in report on Tuesday, October 24 to “Hold” rating. The firm earned “Buy” rating on Monday, October 23 by SunTrust. FBR Capital maintained AmTrust Financial Services, Inc. (NASDAQ:AFSI) rating on Friday, June 9. FBR Capital has “Buy” rating and $2200 target. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, June 5 report. The firm has “Buy” rating given on Friday, February 5 by Compass Point. The stock of AmTrust Financial Services, Inc. (NASDAQ:AFSI) earned “Buy” rating by Compass Point on Thursday, February 11. The stock of AmTrust Financial Services, Inc. (NASDAQ:AFSI) earned “Buy” rating by Compass Point on Friday, November 13. The firm has “Hold” rating given on Thursday, September 14 by Keefe Bruyette & Woods. On Thursday, September 3 the stock rating was maintained by William Blair with “Buy”.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.07, from 0.75 in 2017Q2. It turned negative, as 31 investors sold AFSI shares while 56 reduced holdings. 27 funds opened positions while 32 raised stakes. 65.41 million shares or 8.26% less from 71.30 million shares in 2017Q2 were reported. First Tru Lp owns 316,242 shares. Metropolitan Life New York reported 0% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Denver Investment Advsrs Ltd Llc holds 1.23% in AmTrust Financial Services, Inc. (NASDAQ:AFSI) or 1.87 million shares. Nationwide Fund Advisors owns 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 51,017 shares. Alphamark Advsrs Ltd Liability Com reported 0% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Ameriprise, Minnesota-based fund reported 330,230 shares. Symons Cap Inc has 0.04% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI). 56,908 were accumulated by Ubs Asset Management Americas Inc. Creative Planning owns 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 18,392 shares. The Massachusetts-based State Street has invested 0% in AmTrust Financial Services, Inc. (NASDAQ:AFSI). 90,600 were accumulated by Intact Mngmt Incorporated. 130,000 were accumulated by Rbf Cap Limited Liability Corporation. Burney reported 20,950 shares stake. 12,978 are owned by Tower Research Capital Limited Liability (Trc). Brinker Inc owns 13,475 shares.

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By1 Migdalia James

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