Fosun International LTD Boosted Its Sina (SINA) Holding; Nuveen California Dividend Advantage Municipal Fund (NAC) Has 1.33 Sentiment

April 21, 2018 - By Winifred Garcia

Nuveen California Dividend Advantage Municipal Fund (NAC) investors sentiment increased to 1.33 in Q4 2017. It’s up 0.21, from 1.12 in 2017Q3. The ratio is better, as 32 hedge funds increased and opened new stock positions, while 24 trimmed and sold stakes in Nuveen California Dividend Advantage Municipal Fund. The hedge funds in our database now hold: 6.63 million shares, up from 6.23 million shares in 2017Q3. Also, the number of hedge funds holding Nuveen California Dividend Advantage Municipal Fund in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 12 Increased: 19 New Position: 13.

Fosun International Ltd increased Sina Corp (SINA) stake by 16.23% reported in 2017Q4 SEC filing. Fosun International Ltd acquired 160,831 shares as Sina Corp (SINA)’s stock rose 0.05%. The Fosun International Ltd holds 1.15M shares with $115.52M value, up from 990,802 last quarter. Sina Corp now has $6.87 billion valuation. The stock increased 0.73% or $0.7 during the last trading session, reaching $96. About 787,146 shares traded. SINA Corporation (NASDAQ:SINA) has risen 55.04% since April 21, 2017 and is uptrending. It has outperformed by 43.49% the S&P500.

Investors sentiment increased to 1.38 in 2017 Q4. Its up 0.14, from 1.24 in 2017Q3. It increased, as 32 investors sold SINA shares while 53 reduced holdings. 39 funds opened positions while 78 raised stakes. 44.22 million shares or 3.72% less from 45.93 million shares in 2017Q3 were reported. Alliancebernstein Lp invested in 10,700 shares. Symmetry Peak Management Lc holds 0.2% of its portfolio in SINA Corporation (NASDAQ:SINA) for 2,500 shares. Guggenheim Cap Limited accumulated 161,495 shares. L S invested in 0.07% or 4,685 shares. Cap Fund Mgmt holds 0.01% or 21,252 shares. Northwestern Mutual Wealth Mgmt stated it has 102 shares. Comerica Commercial Bank has invested 0% in SINA Corporation (NASDAQ:SINA). Vanguard accumulated 2.33 million shares or 0.01% of the stock. Wellington Mgmt Limited Liability Partnership holds 0.02% or 941,225 shares. Baillie Gifford & holds 0.05% or 433,584 shares. Solaris Asset Mngmt Llc holds 0.07% of its portfolio in SINA Corporation (NASDAQ:SINA) for 1,225 shares. 52,287 are owned by Millennium Limited Com. Asset Mngmt One has 0.01% invested in SINA Corporation (NASDAQ:SINA) for 61,623 shares. Finepoint LP has 99,700 shares. Ameriprise Inc stated it has 191,376 shares.

Among 11 analysts covering Sina Corporation (NASDAQ:SINA), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Sina Corporation had 22 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, December 12 by CLSA. As per Wednesday, February 14, the company rating was upgraded by CLSA. The firm earned “Buy” rating on Friday, July 22 by Jefferies. Citigroup downgraded the stock to “Neutral” rating in Thursday, October 29 report. The firm has “Buy” rating by Jefferies given on Thursday, February 15. On Thursday, November 19 the stock rating was maintained by Brean Capital with “Buy”. As per Thursday, July 13, the company rating was maintained by Jefferies. The company was reinitiated on Wednesday, August 31 by JP Morgan. The company was maintained on Tuesday, March 13 by Jefferies. Jefferies maintained SINA Corporation (NASDAQ:SINA) rating on Tuesday, January 23. Jefferies has “Buy” rating and $175.0 target.

Van Hulzen Asset Management Llc holds 0.85% of its portfolio in Nuveen California Quality Municipal Income Fund for 194,961 shares. Apriem Advisors owns 155,631 shares or 0.55% of their US portfolio. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.54% invested in the company for 102,000 shares. The Illinois-based Coe Capital Management Llc has invested 0.25% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 609,916 shares.

The stock decreased 0.34% or $0.05 during the last trading session, reaching $13.31. About 319,540 shares traded. Nuveen California Quality Municipal Income Fund (NAC) has declined 7.04% since April 21, 2017 and is downtrending. It has underperformed by 18.59% the S&P500.

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