As 58 Com (WUBA) Valuation Rose, Gmt Capital Cut Position by $9.05 Million; British American Tobacco Plc (BTI) Holder Wintergreen Advisers Decreased Holding by $48.63 Million

May 14, 2018 - By Kurt Siggers

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Thomas E. Claugus decreased its stake in 58 Com Inc (WUBA) by 15.4% based on its latest 2017Q4 regulatory filing with the SEC. Gmt Capital Corp sold 127,500 shares as the company’s stock rose 12.75% while stock markets declined. The hedge fund run by Thomas E. Claugus held 700,600 shares of the programming company at the end of 2017Q4, valued at $50.14M, down from 828,100 at the end of the previous reported quarter. Gmt Capital Corp who had been investing in 58 Com Inc for a number of months, seems to be less bullish one the $15.13B market cap company. The stock increased 0.52% or $0.46 during the last trading session, reaching $88.3. About 540,269 shares traded. 58.com Inc. (NYSE:WUBA) has risen 114.05% since May 14, 2017 and is uptrending. It has outperformed by 102.50% the S&P500.

David Winters decreased its stake in British American Tobacco Plc (BTI) by 74.79% based on its latest 2017Q4 regulatory filing with the SEC. Wintergreen Advisers Llc sold 736,847 shares as the company’s stock declined 16.55% with the market. The hedge fund run by David Winters held 248,333 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $16.64 million, down from 985,180 at the end of the previous reported quarter. Wintergreen Advisers Llc who had been investing in British American Tobacco Plc for a number of months, seems to be less bullish one the $106.88B market cap company. The stock increased 0.10% or $0.05 during the last trading session, reaching $51.55. About 2.15 million shares traded. British American Tobacco p.l.c. (NYSEMKT:BTI) has declined 15.61% since May 14, 2017 and is downtrending. It has underperformed by 27.16% the S&P500.

Gmt Capital Corp, which manages about $9.19 billion and $4.91B US Long portfolio, upped its stake in Videocon D2h Ltd by 135,800 shares to 3.61 million shares, valued at $34.36 million in 2017Q4, according to the filing. It also increased its holding in Darling Ingredients Inc (NYSE:DAR) by 313,500 shares in the quarter, for a total of 1.79 million shares, and has risen its stake in Shire Plc (NASDAQ:SHPG).

Among 16 analysts covering 58.com (NYSE:WUBA), 8 have Buy rating, 3 Sell and 5 Hold. Therefore 50% are positive. 58.com had 26 analyst reports since August 21, 2015 according to SRatingsIntel. CLSA initiated the shares of WUBA in report on Thursday, October 15 with “Sell” rating. The company was downgraded on Friday, June 30 by Morgan Stanley. On Friday, November 11 the stock rating was downgraded by Credit Suisse to “Neutral”. The company was downgraded on Friday, November 11 by CLSA. The firm earned “Overweight” rating on Tuesday, September 1 by Morgan Stanley. The firm has “Buy” rating given on Tuesday, August 22 by Deutsche Bank. On Tuesday, December 15 the stock rating was initiated by HSBC with “Buy”. The company was initiated on Thursday, October 15 by Credit Agricole. The stock of 58.com Inc. (NYSE:WUBA) has “Outperform” rating given on Friday, May 26 by CLSA. The stock of 58.com Inc. (NYSE:WUBA) has “Buy” rating given on Tuesday, August 8 by Citigroup.

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By1 Kurt Siggers

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