Matthews International Capital Management LLC Cut Position in Hsbc Hldgs Plc (HSBC) by $6.50 Million

HSBC Holdings plc (NYSE:HSBC) Logo

Matthews International Capital Management Llc decreased its stake in Hsbc Hldgs Plc (HSBC) by 4.76% based on its latest 2018Q3 regulatory filing with the SEC. Matthews International Capital Management Llc sold 132,700 shares as the company’s stock declined 5.83% with the market. The institutional investor held 2.66M shares of the savings institutions company at the end of 2018Q3, valued at $131.32M, down from 2.79M at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Hsbc Hldgs Plc for a number of months, seems to be less bullish one the $165.21B market cap company. The stock decreased 0.65% or $0.27 during the last trading session, reaching $41.15. About 981,533 shares traded. HSBC Holdings plc (NYSE:HSBC) has declined 17.23% since January 14, 2018 and is downtrending. It has underperformed by 17.23% the S&P500.

More recent HSBC Holdings plc (NYSE:HSBC) news were published by: Gurufocus.com which released: “A No-Deal Brexit as a Contrarian Buying Opportunity – GuruFocus.com” on January 10, 2019. Also Livetradingnews.com published the news titled: “HSBC Holdings plc (NYSE:HSBC) 2019 Outlook – Live Trading News” on January 02, 2019. Seekingalpha.com‘s news article titled: “Eurozone In Distress: iShares MSCI Europe Financials Sector Index ETF – Seeking Alpha” with publication date: January 07, 2019 was also an interesting one.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.