Wayfair (W) Holder Jasper Ridge Partners LP Has Boosted Its Position by $4.02 Million; As Ocwen Finl (OCN) Stock Value Declined, Holder Akanthos Capital Management Lowered by $4.39 Million Its Holding

February 23, 2018 - By Lawrence Diaz

Mark Wolfson increased its stake in Wayfair Inc (W) by 207.94% based on its latest 2017Q3 regulatory filing with the SEC. Jasper Ridge Partners Lp bought 60,062 shares as the company’s stock rose 54.30% with the market. The hedge fund run by Mark Wolfson held 88,946 shares of the catalog and specialty distribution company at the end of 2017Q3, valued at $6.00M, up from 28,884 at the end of the previous reported quarter. Jasper Ridge Partners Lp who had been investing in Wayfair Inc for a number of months, seems to be bullish on the $6.61B market cap company. The stock increased 1.76% or $1.3 during the last trading session, reaching $75.25. About 11.12M shares traded or 620.53% up from the average. Wayfair Inc. (NYSE:W) has risen 54.80% since February 23, 2017 and is uptrending. It has outperformed by 38.10% the S&P500.

Michael Kao decreased its stake in Ocwen Finl Corp (OCN) by 59.39% based on its latest 2017Q3 regulatory filing with the SEC. Akanthos Capital Management Llc sold 1.46M shares as the company’s stock declined 50.76% while stock markets rallied. The hedge fund run by Michael Kao held 1.00 million shares of the consumer services company at the end of 2017Q3, valued at $3.44 million, down from 2.46 million at the end of the previous reported quarter. Akanthos Capital Management Llc who had been investing in Ocwen Finl Corp for a number of months, seems to be less bullish one the $457.42 million market cap company. The stock decreased 0.58% or $0.02 during the last trading session, reaching $3.43. About 758,805 shares traded. Ocwen Financial Corporation (NYSE:OCN) has risen 72.00% since February 23, 2017 and is uptrending. It has outperformed by 55.30% the S&P500.

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial had 24 analyst reports since July 31, 2015 according to SRatingsIntel. Compass Point maintained the stock with “Neutral” rating in Thursday, December 3 report. Sterne Agee CRT downgraded Ocwen Financial Corporation (NYSE:OCN) on Friday, July 31 to “Neutral” rating. The rating was upgraded by Vetr on Wednesday, September 2 to “Strong-Buy”. Vetr downgraded the shares of OCN in report on Tuesday, September 8 to “Hold” rating. The firm earned “Buy” rating on Wednesday, September 14 by Compass Point. The firm has “Neutral” rating by Compass Point given on Wednesday, August 26. The firm has “Underperform” rating by Bank of America given on Monday, August 3. The stock has “Buy” rating by Zacks on Thursday, August 6. The stock has “Market Perform” rating by Oppenheimer on Friday, August 7. The rating was reinitiated by Piper Jaffray on Friday, December 11 with “Neutral”.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.34, from 1.18 in 2017Q2. It is negative, as 23 investors sold OCN shares while 27 reduced holdings. 15 funds opened positions while 27 raised stakes. 57.15 million shares or 5.73% less from 60.63 million shares in 2017Q2 were reported. Thompson Siegel And Walmsley Limited Com accumulated 64,415 shares or 0% of the stock. Rhumbline Advisers holds 133,060 shares or 0% of its portfolio. 456,067 were reported by Goldman Sachs Group. Panagora Asset Management has 0% invested in Ocwen Financial Corporation (NYSE:OCN). Sei Invs reported 0% stake. Natixis reported 12,846 shares. D E Shaw And invested in 26,966 shares. 47,807 were reported by Millennium Mgmt Limited Liability Com. Comml Bank Of Montreal Can invested in 25,090 shares or 0% of the stock. Highland Cap Mngmt LP holds 0.03% or 200,000 shares in its portfolio. The Ontario – Canada-based Royal Bank & Trust Of Canada has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Pub Employees Retirement Systems Of Ohio invested in 28,477 shares or 0% of the stock. Quinn Opportunity Prtnrs Limited Com holds 58,653 shares or 0.03% of its portfolio. Schwab Charles Inv Inc owns 1.29M shares for 0% of their portfolio. Moreover, Citigroup Inc has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 108,014 shares.

Since January 22, 2018, it had 3 buys, and 0 sales for $6.58 million activity.

Analysts await Ocwen Financial Corporation (NYSE:OCN) to report earnings on February, 28. They expect $-0.23 earnings per share, down 187.50% or $0.15 from last year’s $-0.08 per share. After $-0.23 actual earnings per share reported by Ocwen Financial Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.63 in Q3 2017. Its up 0.41, from 1.22 in 2017Q2. It is positive, as 27 investors sold W shares while 44 reduced holdings. 48 funds opened positions while 68 raised stakes. 58.00 million shares or 1.74% more from 57.01 million shares in 2017Q2 were reported. Barclays Public Limited Com reported 40,831 shares stake. Tower Rech Capital Ltd (Trc) accumulated 1,347 shares. Sei Invests accumulated 29,310 shares. Wellington Management Grp Ltd Liability Partnership invested in 0.11% or 6.94 million shares. Artisan Ptnrs Ltd Partnership invested in 0.15% or 1.21M shares. Arrowgrass Capital Partners (Us) LP invested in 0.04% or 80,000 shares. Quantbot Techs LP accumulated 18,508 shares. Ubs Oconnor Limited Liability Corp holds 43,000 shares or 0.07% of its portfolio. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0% invested in Wayfair Inc. (NYSE:W). Susquehanna Intll Grp Inc Limited Liability Partnership owns 66,531 shares for 0% of their portfolio. Retail Bank Of Montreal Can holds 0% in Wayfair Inc. (NYSE:W) or 4,242 shares. Bluecrest Capital Mgmt has 13,500 shares. Invesco Ltd reported 25,801 shares or 0% of all its holdings. Axa has 12,500 shares. Federated Invsts Pa invested in 55 shares or 0% of the stock.

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