Penserra Capital Management LLC lifted its position in SouFun Holdings Limited (NYSE:SFUN) by 75.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 570,758 shares of the information services provider’s stock after acquiring an additional 244,584 shares during the period. Penserra Capital Management LLC owned 0.13% of SouFun Holdings Limited worth $2,311,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Pictet Asset Management Ltd. bought a new position in shares of SouFun Holdings Limited in the 3rd quarter worth approximately $325,000. First Trust Advisors LP grew its stake in shares of SouFun Holdings Limited by 16.9% in the 3rd quarter. First Trust Advisors LP now owns 617,629 shares of the information services provider’s stock worth $2,501,000 after buying an additional 89,513 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new stake in shares of SouFun Holdings Limited in the 3rd quarter worth approximately $12,075,000. Brookfield Asset Management Inc. purchased a new stake in shares of SouFun Holdings Limited in the 2nd quarter worth approximately $2,062,000. Finally, Intellectus Partners LLC purchased a new stake in shares of SouFun Holdings Limited in the 2nd quarter worth approximately $186,000. 47.61% of the stock is owned by hedge funds and other institutional investors.
SouFun Holdings Limited (SFUN) traded up 2.03% during mid-day trading on Tuesday, hitting $4.53. The company had a trading volume of 999,380 shares. SouFun Holdings Limited has a 1-year low of $2.46 and a 1-year high of $4.70. The company has a 50 day moving average of $4.22 and a 200 day moving average of $3.62. The firm’s market capitalization is $1.97 billion.
SouFun Holdings Limited (NYSE:SFUN) last issued its quarterly earnings data on Tuesday, August 29th. The information services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $110.09 million during the quarter, compared to the consensus estimate of $131.83 million. SouFun Holdings Limited had a negative return on equity of 8.80% and a negative net margin of 4.57%. The business’s quarterly revenue was down 61.6% on a year-over-year basis. During the same period last year, the firm earned ($0.08) EPS. Analysts predict that SouFun Holdings Limited will post $0.04 earnings per share for the current fiscal year.
Several research firms recently weighed in on SFUN. BidaskClub upgraded SouFun Holdings Limited from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded SouFun Holdings Limited from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.73.
SouFun Holdings Limited Company Profile
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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