Mackenzie Financial Corp grew its position in shares of Fang Holdings Ltd (NYSE:SFUN) by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,134 shares of the information services provider’s stock after acquiring an additional 16,331 shares during the period. Mackenzie Financial Corp’s holdings in Fang were worth $246,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. River & Mercantile Asset Management LLP raised its stake in shares of Fang by 6.7% during the fourth quarter. River & Mercantile Asset Management LLP now owns 3,183,830 shares of the information services provider’s stock valued at $17,750,000 after acquiring an additional 198,700 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Fang by 2,940.0% during the third quarter. SG Americas Securities LLC now owns 2,518,698 shares of the information services provider’s stock valued at $10,201,000 after buying an additional 2,435,845 shares during the period. JPMorgan Chase & Co. increased its position in shares of Fang by 107.6% during the third quarter. JPMorgan Chase & Co. now owns 2,217,737 shares of the information services provider’s stock valued at $8,871,000 after buying an additional 1,149,387 shares during the period. State Street Corp increased its position in shares of Fang by 0.8% during the second quarter. State Street Corp now owns 1,263,103 shares of the information services provider’s stock valued at $4,685,000 after buying an additional 9,560 shares during the period. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of Fang during the fourth quarter valued at about $4,928,000. 47.94% of the stock is owned by hedge funds and other institutional investors.
Shares of SFUN opened at $5.14 on Friday. The stock has a market capitalization of $2,281.04, a price-to-earnings ratio of 515.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.03. Fang Holdings Ltd has a fifty-two week low of $3.01 and a fifty-two week high of $5.58.
Fang (NYSE:SFUN) last posted its quarterly earnings results on Thursday, March 29th. The information services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Fang had a net margin of 3.67% and a return on equity of 1.07%. The firm had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $127.72 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The company’s quarterly revenue was down 35.8% compared to the same quarter last year. equities analysts predict that Fang Holdings Ltd will post 0.27 earnings per share for the current year.
Several equities analysts recently issued reports on SFUN shares. Zacks Investment Research cut shares of Fang from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Bank of America reiterated a “buy” rating and set a $4.63 price target (down previously from $5.30) on shares of Fang in a research report on Tuesday, December 26th. Finally, ValuEngine cut shares of Fang from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $4.96.
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Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.
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