As Barrett Bill (BBG) Stock Price Declined, Saba Capital Management LP Has Lowered by $905,976 Its Position; As Alibaba Group Hldg LTD (BABA) Market Value Rose, Holder Indus Capital Partners Has Cut Stake by $50.86 Million

February 15, 2018 - By Linda Rogers

David Kowitz decreased its stake in Alibaba Group Hldg Ltd (BABA) by 28.22% based on its latest 2017Q3 regulatory filing with the SEC. Indus Capital Partners Llc sold 295,701 shares as the company’s stock rose 22.58% with the market. The hedge fund run by David Kowitz held 752,290 shares of the business services company at the end of 2017Q3, valued at $129.93 million, down from 1.05 million at the end of the previous reported quarter. Indus Capital Partners Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $479.30B market cap company. The stock increased 0.02% or $0.04 during the last trading session, reaching $186.8. About 12.09 million 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.

Boaz Weinstein decreased its stake in Barrett Bill Corp (BBG) by 42.57% based on its latest 2017Q3 regulatory filing with the SEC. Saba Capital Management Lp sold 226,494 shares as the company’s stock declined 29.01% while stock markets rallied. The hedge fund run by Boaz Weinstein held 305,541 shares of the oil & gas production company at the end of 2017Q3, valued at $1.31 million, down from 532,035 at the end of the previous reported quarter. Saba Capital Management Lp who had been investing in Barrett Bill Corp for a number of months, seems to be less bullish one the $586.56 million market cap company. The stock decreased 2.30% or $0.12 during the last trading session, reaching $5.32. About 1.24 million shares traded. Bill Barrett Corporation (NYSE:BBG) has declined 43.01% since February 15, 2017 and is downtrending. It has underperformed by 59.71% the S&P500.

Saba Capital Management Lp, which manages about $7.93 billion and $986.86 million US Long portfolio, upped its stake in Delaware Enhanced Gbl Div & (NYSE:DEX) by 532,393 shares to 1.58M shares, valued at $18.74M in 2017Q3, according to the filing. It also increased its holding in Alpine Total Dynamic Divid F (AOD) by 2.13M shares in the quarter, for a total of 8.46M shares, and has risen its stake in Mbia Inc (Put) (NYSE:MBI).

Analysts await Bill Barrett Corporation (NYSE:BBG) to report earnings on March, 1. They expect $-0.06 earnings per share, up 66.67% or $0.12 from last year’s $-0.18 per share. After $-0.08 actual earnings per share reported by Bill Barrett Corporation for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

Among 19 analysts covering Bill Barrett Corporation (NYSE:BBG), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Bill Barrett Corporation had 61 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Accumulate” rating given on Tuesday, September 29 by Global Hunter Securities. The stock of Bill Barrett Corporation (NYSE:BBG) earned “Sell” rating by Seaport Global on Wednesday, June 21. The stock of Bill Barrett Corporation (NYSE:BBG) earned “Buy” rating by Stifel Nicolaus on Thursday, October 5. The rating was downgraded by Northcoast on Friday, March 11 to “Neutral”. The company was maintained on Monday, June 6 by Barclays Capital. The company was downgraded on Thursday, April 28 by KeyBanc Capital Markets. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, May 3. BMO Capital Markets maintained Bill Barrett Corporation (NYSE:BBG) on Friday, August 11 with “Hold” rating. The stock has “Hold” rating by Deutsche Bank on Tuesday, June 14. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, October 10.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.13, from 1.17 in 2017Q2. It increased, as 13 investors sold BBG shares while 37 reduced holdings. 19 funds opened positions while 46 raised stakes. 60.94 million shares or 5.20% less from 64.29 million shares in 2017Q2 were reported. State Street holds 0% or 1.78M shares. Pub Sector Pension Board reported 0% of its portfolio in Bill Barrett Corporation (NYSE:BBG). Green Square Cap Limited has invested 0.06% in Bill Barrett Corporation (NYSE:BBG). Parametric Assoc holds 487,622 shares or 0% of its portfolio. Paloma Prns Co has 0.02% invested in Bill Barrett Corporation (NYSE:BBG). Engineers Gate Manager Lp invested in 27,932 shares or 0.01% of the stock. Walleye Trading Ltd, a Minnesota-based fund reported 30,457 shares. Connor Clark Lunn Inv Limited reported 0.03% in Bill Barrett Corporation (NYSE:BBG). The Massachusetts-based Panagora Asset Mgmt Inc has invested 0% in Bill Barrett Corporation (NYSE:BBG). Brown Brothers Harriman & invested in 0% or 18,240 shares. Wasatch Advisors invested 0.05% in Bill Barrett Corporation (NYSE:BBG). Illinois-based Northern has invested 0% in Bill Barrett Corporation (NYSE:BBG). Rhumbline Advisers invested 0% in Bill Barrett Corporation (NYSE:BBG). Barclays Public Ltd Liability Com, a United Kingdom-based fund reported 11,580 shares. Cubist Systematic Strategies Limited Liability Corp owns 18,213 shares or 0% of their US portfolio.

Since September 8, 2017, it had 0 insider purchases, and 3 insider sales for $118,700 activity.

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