Fang (SFUN) Shares Up 5.3%
Fang Holdings Ltd (NYSE:SFUN) shot up 5.3% on Tuesday . The company traded as high as $5.03 and last traded at $5.00. 1,842,871 shares changed hands during trading, a decline of 52% from the average session volume of 3,876,609 shares. The stock had previously closed at $4.75.
A number of research firms have weighed in on SFUN. ValuEngine lowered shares of Fang from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Fang from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Thursday, November 23rd. Bank of America reissued a “buy” rating and set a $4.63 target price (down from $5.30) on shares of Fang in a report on Tuesday, December 26th. Finally, BidaskClub raised shares of Fang from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Fang presently has an average rating of “Hold” and a consensus price target of $4.96.
The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.03.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new position in shares of Fang in the 4th quarter worth approximately $185,000. Guggenheim Capital LLC lifted its position in shares of Fang by 18.1% in the 4th quarter. Guggenheim Capital LLC now owns 578,567 shares of the information services provider’s stock worth $3,228,000 after purchasing an additional 88,567 shares during the period. Quantitative Investment Management LLC acquired a new position in shares of Fang in the 4th quarter worth approximately $403,000. Profund Advisors LLC lifted its position in shares of Fang by 54.3% in the 4th quarter. Profund Advisors LLC now owns 78,177 shares of the information services provider’s stock worth $436,000 after purchasing an additional 27,500 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Fang by 58.7% in the 4th quarter. Mackenzie Financial Corp now owns 44,134 shares of the information services provider’s stock worth $246,000 after purchasing an additional 16,331 shares during the period. Hedge funds and other institutional investors own 44.62% of the company’s stock.
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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