Fang (SFUN) Sees Large Volume Increase

Fang Holdings Limited (NYSE:SFUN) saw an uptick in trading volume on Wednesday . 60,913 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 2,404,351 shares.The stock last traded at $5.43 and had previously closed at $5.25.

Several brokerages have recently weighed in on SFUN. Zacks Investment Research downgraded shares of Fang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 31st. ValuEngine raised shares of Fang from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $4.96.

The firm has a market capitalization of $2.47 billion, a P/E ratio of 275.50 and a beta of 1.29. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

Fang (NYSE:SFUN) last released its quarterly earnings data on Thursday, March 29th. The information services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $127.72 million. Fang had a return on equity of 1.01% and a net margin of 3.67%. The firm’s quarterly revenue was down 35.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. analysts anticipate that Fang Holdings Limited will post 0.27 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in SFUN. Dimensional Fund Advisors LP purchased a new stake in Fang during the third quarter worth about $1,984,000. California Public Employees Retirement System boosted its holdings in Fang by 106.5% during the third quarter. California Public Employees Retirement System now owns 392,990 shares of the information services provider’s stock worth $1,592,000 after buying an additional 202,690 shares in the last quarter. Bank of Montreal Can boosted its holdings in Fang by 29.3% during the fourth quarter. Bank of Montreal Can now owns 158,620 shares of the information services provider’s stock worth $885,000 after buying an additional 35,987 shares in the last quarter. Parametrica Management Ltd acquired a new position in Fang during the fourth quarter worth about $376,000. Finally, River & Mercantile Asset Management LLP raised its position in 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 worth $17,750,000 after acquiring an additional 198,700 shares during the last quarter. 46.20% of the stock is currently owned by hedge funds and other institutional investors.

Fang Company Profile

Fang Holdings Limited operates a real estate Internet portal through which it provides e-commerce, marketing, listing, financial, and value-added services. It supports active online communities and networks of users seeking information on, and other value-added services for, the real estate and home furnishing and improvement sectors.

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