Symmetry Peak Management Cut Holding in Sina (Put) (SINA) by $8.36 Million; Wgl Hldgs (WGL) Stake Held by Tokio Marine Asset Management Co Ltd

February 21, 2018 - By Peter Erickson

Frank Slattery decreased its stake in Sina Corp (Put) (SINA) by 97.09% based on its latest 2017Q3 regulatory filing with the SEC. Symmetry Peak Management Llc sold 73,300 shares as the company’s stock rose 35.03% with the market. The hedge fund run by Frank Slattery held 2,200 shares of the prepackaged software company at the end of 2017Q3, valued at $252,000, down from 75,500 at the end of the previous reported quarter. Symmetry Peak Management Llc who had been investing in Sina Corp (Put) for a number of months, seems to be less bullish one the $8.29 billion market cap company. The stock increased 0.81% or $0.93 during the last trading session, reaching $115.88. About 869,671 shares traded. SINA Corporation (NASDAQ:SINA) has risen 139.34% since February 21, 2017 and is uptrending. It has outperformed by 122.64% the S&P500.

Tokio Marine Asset Management Co Ltd increased its stake in Wgl Hldgs Inc (WGL) by 47.3% based on its latest 2017Q3 regulatory filing with the SEC. Tokio Marine Asset Management Co Ltd bought 10,500 shares as the company’s stock declined 0.54% while stock markets rallied. The institutional investor held 32,700 shares of the oil and gas transmission company at the end of 2017Q3, valued at $2.75M, up from 22,200 at the end of the previous reported quarter. Tokio Marine Asset Management Co Ltd who had been investing in Wgl Hldgs Inc for a number of months, seems to be bullish on the $4.29B market cap company. The stock decreased 0.77% or $0.65 during the last trading session, reaching $83.6. About 175,283 shares traded. WGL Holdings, Inc. (NYSE:WGL) has risen 28.20% since February 21, 2017 and is uptrending. It has outperformed by 11.50% the S&P500.

Tokio Marine Asset Management Co Ltd, which manages about $664.04M US Long portfolio, decreased its stake in Pepsico Inc (NYSE:PEP) by 5,670 shares to 64,518 shares, valued at $7.19M in 2017Q3, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 4,915 shares in the quarter, leaving it with 16,184 shares, and cut its stake in Alliance Data Systems Corp (NYSE:ADS).

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.34, from 1.33 in 2017Q2. It turned negative, as 23 investors sold WGL shares while 75 reduced holdings. 27 funds opened positions while 70 raised stakes. 34.93 million shares or 1.83% more from 34.30 million shares in 2017Q2 were reported. Scotia Cap reported 0% in WGL Holdings, Inc. (NYSE:WGL). Ancora Limited Liability Corporation holds 4,000 shares or 0.02% of its portfolio. State Treasurer State Of Michigan owns 0.01% invested in WGL Holdings, Inc. (NYSE:WGL) for 19,240 shares. 50,000 are owned by P Schoenfeld Asset Mgmt Limited Partnership. Parkside Finance Financial Bank Tru has invested 0.01% of its portfolio in WGL Holdings, Inc. (NYSE:WGL). Parametric Assoc Llc accumulated 66,079 shares. Comerica Comml Bank reported 41,690 shares stake. Oppenheimer And Com, New York-based fund reported 8,045 shares. Barclays Public Ltd holds 26,061 shares. Tokio Marine Asset Management Limited stated it has 32,700 shares or 0.41% of all its holdings. Ontario Teachers Pension Plan Board has invested 0.03% of its portfolio in WGL Holdings, Inc. (NYSE:WGL). Ing Groep Nv invested in 0.01% or 6,273 shares. Moreover, Susquehanna International Limited Liability Partnership has 0% invested in WGL Holdings, Inc. (NYSE:WGL) for 24,646 shares. Sentry Investments reported 273,900 shares. Chesley Taft Assoc invested in 6,450 shares or 0.05% of the stock.

Since September 15, 2017, it had 0 buys, and 1 insider sale for $178,237 activity.

Among 6 analysts covering WGL Holdings (NYSE:WGL), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. WGL Holdings had 7 analyst reports since January 6, 2016 according to SRatingsIntel. Hilliard Lyons downgraded WGL Holdings, Inc. (NYSE:WGL) on Wednesday, March 15 to “Underperform” rating. BB&T Capital initiated the stock with “Hold” rating in Wednesday, March 30 report. UBS upgraded WGL Holdings, Inc. (NYSE:WGL) rating on Thursday, January 26. UBS has “Neutral” rating and $82 target. Wells Fargo initiated the shares of WGL in report on Wednesday, January 6 with “Market Perform” rating. Janney Capital downgraded WGL Holdings, Inc. (NYSE:WGL) on Tuesday, November 29 to “Neutral” rating. Seaport Global initiated the stock with “Neutral” rating in Friday, December 2 report.

Symmetry Peak Management Llc, which manages about $875.17M US Long portfolio, upped its stake in Oclaro Inc (Call) (NASDAQ:OCLR) by 60,000 shares to 100,000 shares, valued at $863,000 in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IBB) by 5,000 shares in the quarter, for a total of 7,000 shares, and has risen its stake in Varonis Sys Inc (NASDAQ:VRNS).

Analysts await SINA Corporation (NASDAQ:SINA) to report earnings on May, 15. They expect $0.15 earnings per share, down 31.82% or $0.07 from last year’s $0.22 per share. SINA’s profit will be $10.73M for 193.13 P/E if the $0.15 EPS becomes a reality. After $0.60 actual earnings per share reported by SINA Corporation for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.

Among 10 analysts covering Sina Corporation (NASDAQ:SINA), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Sina Corporation had 20 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was maintained by Brean Capital on Thursday, November 19 with “Buy”. The rating was downgraded by Citigroup to “Neutral” on Thursday, October 29. The company was downgraded on Monday, November 30 by Goldman Sachs. The company was upgraded on Wednesday, February 14 by CLSA. The stock has “Buy” rating by Jefferies on Tuesday, January 23. The stock has “Buy” rating by Jefferies on Thursday, August 10. The firm earned “Buy” rating on Wednesday, September 14 by Brean Capital. The firm has “Buy” rating given on Thursday, July 13 by Jefferies. The stock of SINA Corporation (NASDAQ:SINA) earned “Overweight” rating by JP Morgan on Thursday, February 15. As per Tuesday, October 17, the company rating was maintained by Jefferies.

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