Whitebox Advisors LLC Has Boosted Sina Corp (SINA) Holding

April 23, 2018 - By Winifred Garcia

Investors sentiment increased to 1.38 in 2017 Q4. Its up 0.14, from 1.24 in 2017Q3. It is positive, 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. Barclays Public Ltd Com invested in 47,006 shares or 0% of the stock. Credit Suisse Ag has 179,416 shares. Grantham Mayo Van Otterloo & Co Ltd owns 197,700 shares. First Limited Partnership has 0.01% invested in SINA Corporation (NASDAQ:SINA) for 47,987 shares. Huntington Savings Bank holds 45 shares. Tradewinds Capital Mngmt Ltd Co holds 360 shares. Arrowstreet Capital Limited Partnership has invested 0.13% in SINA Corporation (NASDAQ:SINA). Alkeon Capital Ltd Liability Com holds 1.06% or 1.79 million shares in its portfolio. Massachusetts-based Wellington Mngmt Grp Incorporated Llp has invested 0.02% in SINA Corporation (NASDAQ:SINA). Schwab Charles Management reported 0.01% of its portfolio in SINA Corporation (NASDAQ:SINA). Moreover, Pinebridge Invests Lp has 0.18% invested in SINA Corporation (NASDAQ:SINA) for 68,609 shares. Shamrock Asset has invested 0.56% in SINA Corporation (NASDAQ:SINA). Solaris Asset Mgmt owns 1,225 shares for 0.07% of their portfolio. Oakworth Capital invested in 13 shares or 0% of the stock. Ubs Asset Mgmt Americas stated it has 140,921 shares or 0.01% of all its holdings.

Andy Redleaf increased its stake in Sina Corp (SINA) by 20.86% based on its latest 2017Q4 regulatory filing with the SEC. Whitebox Advisors Llc bought 104,640 shares as the company’s stock rose 0.05% while stock markets declined. The hedge fund run by Andy Redleaf held 606,342 shares of the prepackaged software company at the end of 2017Q4, valued at $60.82M, up from 501,702 at the end of the previous reported quarter. Whitebox Advisors Llc who had been investing in Sina Corp for a number of months, seems to be bullish on the $6.83B market cap company. The stock decreased 0.59% or $0.57 during the last trading session, reaching $95.43. About 634,953 shares traded. SINA Corporation (NASDAQ:SINA) has risen 55.04% since April 23, 2017 and is uptrending. It has outperformed by 43.49% the S&P500.

Whitebox Advisors Llc, which manages about $8.40B and $3.55 billion US Long portfolio, decreased its stake in Allegheny Technologies Inc (Prn) by 3.65 million shares to 29.46 million shares, valued at $54.50M in 2017Q4, according to the filing. It also reduced its holding in Gogo Inc (NASDAQ:GOGO) by 541,346 shares in the quarter, leaving it with 409,916 shares, and cut its stake in Yahoo Inc (Prn).

SINA Corporation (NASDAQ:SINA) Ratings Coverage

Among 5 analysts covering Sina Corp (NASDAQ:SINA), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sina Corp had 7 analyst reports since January 23, 2018 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Tuesday, March 13. The stock of SINA Corporation (NASDAQ:SINA) has “Buy” rating given on Wednesday, February 14 by CLSA. Jefferies maintained the shares of SINA in report on Thursday, February 15 with “Buy” rating. The stock of SINA Corporation (NASDAQ:SINA) earned “Buy” rating by Jefferies on Tuesday, January 23. On Thursday, February 15 the stock rating was maintained by JP Morgan with “Overweight”.

SINA Corporation (NASDAQ:SINA) Ratings Chart

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