1492 Capital Management Has Increased Stake in G (GIII); Transdigm Group (TDG) Market Valuation Rose While Falcon Edge Capital LP Has Increased by $6.68 Million Its Stake

February 20, 2018 - By Adrian Erickson

Richard Gerson increased its stake in Transdigm Group Inc (TDG) by 34.43% based on its latest 2017Q3 regulatory filing with the SEC. Falcon Edge Capital Lp bought 26,200 shares as the company’s stock rose 2.33% with the market. The hedge fund run by Richard Gerson held 102,300 shares of the military and government and technical company at the end of 2017Q3, valued at $26.15M, up from 76,100 at the end of the previous reported quarter. Falcon Edge Capital Lp who had been investing in Transdigm Group Inc for a number of months, seems to be bullish on the $15.59B market cap company. The stock increased 0.11% or $0.34 during the last trading session, reaching $298.69. About 28,997 shares traded. TransDigm Group Incorporated (NYSE:TDG) has risen 12.77% since February 20, 2017 and is uptrending. It has underperformed by 3.93% the S&P500.

1492 Capital Management Llc increased its stake in G (GIII) by 105.28% based on its latest 2017Q3 regulatory filing with the SEC. 1492 Capital Management Llc bought 18,549 shares as the company’s stock declined 27.76% while stock markets rallied. The institutional investor held 36,167 shares of the consumer non-durables company at the end of 2017Q3, valued at $1.05M, up from 17,618 at the end of the previous reported quarter. 1492 Capital Management Llc who had been investing in G for a number of months, seems to be bullish on the $1.78B market cap company. The stock decreased 1.36% or $0.5 during the last trading session, reaching $36.26. About 24,152 shares traded. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 47.99% since February 20, 2017 and is downtrending. It has underperformed by 64.69% the S&P500.

Among 14 analysts covering G-III Apparel Group (NASDAQ:GIII), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. G-III Apparel Group had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Tuesday, June 13 by Piper Jaffray. The rating was maintained by Cowen & Co with “Hold” on Wednesday, September 6. Piper Jaffray maintained the shares of GIII in report on Thursday, September 3 with “Buy” rating. Buckingham Research reinitiated it with “Buy” rating and $28 target in Monday, July 17 report. As per Monday, June 5, the company rating was maintained by Piper Jaffray. As per Thursday, September 29, the company rating was initiated by CLSA. The rating was maintained by Cowen & Co with “Hold” on Wednesday, October 11. B. Riley & Co maintained the stock with “Neutral” rating in Friday, December 22 report. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Buy” rating given on Wednesday, November 25 by Wunderlich. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) earned “Market Perform” rating by Telsey Advisory Group on Tuesday, July 26.

Since September 18, 2017, it had 0 insider buys, and 3 selling transactions for $5.06 million activity. 102,130 G-III Apparel Group, Ltd. (NASDAQ:GIII) shares with value of $3.44M were sold by Aaron Sammy. Shares for $1.48M were sold by MILLER WAYNE S on Monday, September 18.

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.03, from 1.11 in 2017Q2. It fall, as 20 investors sold GIII shares while 52 reduced holdings. 34 funds opened positions while 44 raised stakes. 45.12 million shares or 3.98% less from 46.99 million shares in 2017Q2 were reported. Engineers Gate Manager LP accumulated 34,849 shares. Employees Retirement Of Texas accumulated 29,000 shares or 0.01% of the stock. Manufacturers Life Insurance The reported 32,918 shares. Cramer Rosenthal Mcglynn Ltd Liability stated it has 0.87% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). Jpmorgan Chase reported 79,445 shares. Metropolitan Life Insur Co New York holds 0.01% or 30,170 shares in its portfolio. Kennedy Cap Mgmt accumulated 0.18% or 345,546 shares. Geode Cap Lc stated it has 0% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). State Board Of Administration Of Florida Retirement holds 22,925 shares. Qs Investors Ltd Liability has 45 shares for 0% of their portfolio. Northern Tru holds 564,660 shares. Citigroup Incorporated reported 0% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Ws Lllp reported 0.9% stake. Thrivent Fincl For Lutherans holds 0.03% or 310,370 shares in its portfolio. 7,273 were reported by Intrust National Bank & Trust Na.

Since September 15, 2017, it had 0 insider buys, and 6 selling transactions for $15.55 million activity. $1.58 million worth of TransDigm Group Incorporated (NYSE:TDG) was sold by Laubenthal Raymond F on Monday, October 16. Shares for $3.96M were sold by Henderson Robert S on Monday, October 16.

Falcon Edge Capital Lp, which manages about $4.03B and $401.06M US Long portfolio, decreased its stake in Liberty Media Corp Delaware by 84,900 shares to 468,100 shares, valued at $17.83M in 2017Q3, according to the filing. It also reduced its holding in Csx Corp (NYSE:CSX) by 98,800 shares in the quarter, leaving it with 537,300 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

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