Orinda Asset Management Has Cut Stake in Whitestone Reit (WSR) as Valuation Declined; As Weibo (WB) Market Valuation Rose, Discovery Capital Management Raised Holding

February 15, 2018 - By Ellis Scott

Orinda Asset Management Llc decreased its stake in Whitestone Reit (WSR) by 23.64% based on its latest 2017Q3 regulatory filing with the SEC. Orinda Asset Management Llc sold 64,008 shares as the company’s stock declined 17.94% while stock markets rallied. The institutional investor held 206,768 shares of the real estate investment trusts company at the end of 2017Q3, valued at $2.70M, down from 270,776 at the end of the previous reported quarter. Orinda Asset Management Llc who had been investing in Whitestone Reit for a number of months, seems to be less bullish one the $475.83 million market cap company. The stock decreased 1.56% or $0.19 during the last trading session, reaching $12.02. About 338,502 shares traded or 0.99% up from the average. Whitestone REIT (NYSE:WSR) has declined 9.96% since February 15, 2017 and is downtrending. It has underperformed by 26.66% the S&P500.

Rob Citrone increased its stake in Weibo Corp (WB) by 25.23% based on its latest 2017Q3 regulatory filing with the SEC. Discovery Capital Management Llc bought 50,200 shares as the company’s stock rose 41.58% with the market. The hedge fund run by Rob Citrone held 249,200 shares of the programming company at the end of 2017Q3, valued at $24.66 million, up from 199,000 at the end of the previous reported quarter. Discovery Capital Management Llc who had been investing in Weibo Corp for a number of months, seems to be bullish on the $30.89 billion market cap company. The stock increased 7.70% or $9.98 during the last trading session, reaching $139.64. About 4.05M shares traded or 117.61% up from the average. Weibo Corporation (NASDAQ:WB) has risen 239.00% since February 15, 2017 and is uptrending. It has outperformed by 222.30% the S&P500.

Among 11 analysts covering Weibo Corp (NASDAQ:WB), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Weibo Corp had 21 analyst reports since August 19, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of WB in report on Wednesday, November 15 with “Overweight” rating. As per Tuesday, October 3, the company rating was maintained by Jefferies. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, April 19. The stock has “Overweight” rating by Morgan Stanley on Thursday, December 17. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, August 11 report. On Friday, August 5 the stock rating was initiated by Citigroup with “Buy”. The stock has “Buy” rating by Piper Jaffray on Wednesday, August 19. The firm earned “Neutral” rating on Monday, May 16 by Goldman Sachs. The stock of Weibo Corporation (NASDAQ:WB) earned “Overweight” rating by Barclays Capital on Friday, August 11. The company was reinitiated on Wednesday, August 31 by JP Morgan.

Investors sentiment decreased to 1.55 in Q3 2017. Its down 1.07, from 2.62 in 2017Q2. It dropped, as 40 investors sold WB shares while 48 reduced holdings. 48 funds opened positions while 88 raised stakes. 125.34 million shares or 324.34% more from 29.54 million shares in 2017Q2 were reported. Discovery Ltd Ct reported 0.59% in Weibo Corporation (NASDAQ:WB). Sumitomo Mitsui Asset Mgmt Com Ltd has 35,592 shares. Barclays Public Ltd Com has invested 0% in Weibo Corporation (NASDAQ:WB). Savings Bank Of Ny Mellon Corporation invested in 178,511 shares. Sg Americas Lc reported 27,596 shares. Manufacturers Life Insur The reported 11,854 shares or 0% of all its holdings. 134 are owned by Glenmede Tru Na. Walleye Trading Ltd, a Minnesota-based fund reported 25,688 shares. Invesco Limited owns 151,227 shares or 0.01% of their US portfolio. Legal & General Group Public Limited Company stated it has 0.01% of its portfolio in Weibo Corporation (NASDAQ:WB). Amundi Pioneer Asset Incorporated reported 76,780 shares. Holderness Invests Com has 2,350 shares for 0.12% of their portfolio. Paloma Prtn Management invested in 4,463 shares or 0.01% of the stock. Aviva Public Limited Com invested 0% in Weibo Corporation (NASDAQ:WB). Alta Advisers Limited owns 630 shares for 0.18% of their portfolio.

Discovery Capital Management Llc, which manages about $37.50B and $4.19B US Long portfolio, decreased its stake in Wisdomtree Tr (EPI) by 305,200 shares to 3.59M shares, valued at $90.40 million in 2017Q3, according to the filing. It also reduced its holding in Xilinx Inc (NASDAQ:XLNX) by 920,089 shares in the quarter, leaving it with 2.44 million shares, and cut its stake in Macys Inc (NYSE:M).

Among 6 analysts covering Whitestone REIT (NYSE:WSR), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Whitestone REIT had 14 analyst reports since July 23, 2015 according to SRatingsIntel. Robert W. Baird initiated it with “Outperform” rating and $15 target in Thursday, July 23 report. Hilliard Lyons downgraded the stock to “Neutral” rating in Thursday, July 14 report. As per Friday, August 19, the company rating was downgraded by Robert W. Baird. The rating was maintained by Ladenburg on Friday, August 18 with “Hold”. The rating was maintained by Maxim Group with “Buy” on Friday, July 29. The stock of Whitestone REIT (NYSE:WSR) earned “Underperform” rating by Robert W. Baird on Wednesday, May 17. SunTrust initiated the shares of WSR in report on Monday, December 14 with “Neutral” rating. Maxim Group maintained it with “Buy” rating and $20.0 target in Thursday, November 2 report. The stock of Whitestone REIT (NYSE:WSR) has “Hold” rating given on Friday, December 1 by SunTrust. The stock of Whitestone REIT (NYSE:WSR) earned “Buy” rating by Maxim Group on Wednesday, June 14.

Investors sentiment decreased to 1.91 in Q3 2017. Its down 0.50, from 2.41 in 2017Q2. It dived, as 14 investors sold WSR shares while 20 reduced holdings. 33 funds opened positions while 32 raised stakes. 18.07 million shares or 17.68% more from 15.36 million shares in 2017Q2 were reported. Silver Capital Mngmt Ltd Liability Co holds 37,989 shares. Cubist Systematic Strategies Limited Liability Company invested in 0.03% or 46,423 shares. Aperio Group Limited Com owns 13,083 shares for 0% of their portfolio. Legal & General Grp Incorporated Pcl holds 0% in Whitestone REIT (NYSE:WSR) or 69,435 shares. Texas Permanent School Fund reported 22,924 shares. Deutsche Bancorporation Ag has 0% invested in Whitestone REIT (NYSE:WSR). Prudential Fincl holds 0% in Whitestone REIT (NYSE:WSR) or 63,281 shares. Citigroup accumulated 24,056 shares. Pinebridge Lp owns 4,781 shares. Arizona State Retirement Systems holds 0% of its portfolio in Whitestone REIT (NYSE:WSR) for 20,000 shares. Indexiq Advisors Limited Liability accumulated 45,257 shares. 57,298 were reported by Strs Ohio. Asset Mngmt One Ltd holds 0% or 80,821 shares in its portfolio. Sumitomo Mitsui Trust reported 40,055 shares stake. State Common Retirement Fund owns 39,300 shares.

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