Procurement News Notice |
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| PNN | 3863 |
| Work Detail | Jonathon Jacobson increased its stake in Disney Walt Co (Put) (NYSE:DIS) by 101.34% based on its latest 2016Q2 regulatory filing with the SEC. Highfields Capital Management Lp bought 3.00 million shares as the company’s stock declined 3.56% while stock markets rallied. The hedge fund run by Jonathon Jacobson held 5.96M shares of the television services company at the end of 2016Q2, valued at $591.93 million, up from 2.96M at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Disney Walt Co (Put) for a number of months, seems to be bullish on the $152.58 billion market cap company. The stock decreased 0.36% or $0.34 during the last trading session, hitting $95.21. About 6.02 million shares traded hands. Walt Disney Co (NYSE:DIS) has declined 0.08% since January 25, 2016 and is downtrending. It has underperformed by 14.01% the S&P500. Highfields Capital Management Lp, which manages about $22.71 billion and $10.71B US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (Call) (NYSE:BABA) by 500,000 shares to 600,000 shares, valued at $47.42M in 2016Q2, according to the filing. It also reduced its holding in Goldcorp Inc New (NYSE:GG) by 750,000 shares in the quarter, leaving it with 2.50 million shares, and cut its stake in Mcdonalds Corp (NYSE:MCD). Together founding Highfields Capital Management in 1998, Jonathon “Jon” Jacobson and Richard Grubman founded the fund that managed to return about 12.6% between 1998 and 2010, vs. 3.6% return for the S&P 500 index in the same time period. Before forming his own fund, Jon worked for Harvard Management Co that provided $500 million of the $1.5 billion that Highlands managed to collect in the year 1998. Highfields Capital Management Lp is a Massachusetts-based hedge fund that was founded by Jonathon Jacobson. It had more than $22.71 billion assets under management in March, 2014. Taken from Highfields Capital Management latest Adv, the fund reported to have 86 full and part-time employees. Among which 28 performing investment advisory and research functions. The hedge fund had between 1-10 clients. The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.13, from 1.17 in 2016Q1. The ratio dropped, as 66 funds sold all DIS shares owned while 622 reduced positions. 111 funds bought stakes while 605 increased positions. They now own 909.47 million shares or 6.26% less from 970.21 million shares in 2016Q1. Csu Producer Resources Inc. holds 8.03% of its portfolio in DIS for 13,000 shares. Alleghany Corp De owns 1.90 million shares or 7.13% of their US portfolio. Moreover, Hs Management Partners Llc has 6.3% invested in the company for 1.54 million shares. The Illinois-based State Farm Mutual Automobile Insurance Co has invested 6.22% in the stock. Cohen Klingenstein Llc, a New York-based fund reported 341,616 shares. Out of 20 analysts covering Walt Disney (NYSE:DIS), 10 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 50% are positive. Walt Disney has been the topic of 34 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Stifel Nicolaus downgraded the stock on July 20 to “Hold” rating. The Walt Disney Company is a diversified entertainment company. The company has a market cap of $152.58 billion. The Company’s business divisions include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. It has a 17.08 P/E ratio. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations. The information provided on this website is for individual use only and should be considered strictly informational in nature. The article is not advice, and should not be treated as such. We are in no way responsible for any investment loss or damages. All content in our articles is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed in our articles. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. We make no recommendation that the securities of the companies profiled or discussed in on our website should be purchased, sold or held by investors. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.consumereagle.com/highfields-capital-management-lp-increased-disney-walt-co-put-nysedis-by-297-00-million-as-shares-declined/175395/ |
