Glg Partners LP Has Trimmed Kate Spade & Co (KATE) Holding; Merus NV (MRUS) Shorts Raised By 1.17%

November 15, 2017 - By Winifred Garcia

Glg Partners Lp decreased Kate Spade & Co (KATE) stake by 45.76% reported in 2017Q2 SEC filing. Glg Partners Lp sold 192,514 shares as Kate Spade & Co (KATE)’s stock declined 20.53%. The Glg Partners Lp holds 228,177 shares with $4.22M value, down from 420,691 last quarter. Kate Spade & Co now has $2.38 billion valuation. It closed at $18.49 lastly. It is down 15.69% since November 15, 2016 and is downtrending. It has underperformed by 32.39% the S&P500.

Merus NV (NASDAQ:MRUS) had an increase of 1.17% in short interest. MRUS’s SI was 103,600 shares in November as released by FINRA. Its up 1.17% from 102,400 shares previously. With 19,100 avg volume, 5 days are for Merus NV (NASDAQ:MRUS)’s short sellers to cover MRUS’s short positions. The SI to Merus NV’s float is 3.26%. About 2 shares traded. Merus NV (NASDAQ:MRUS) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Glg Partners Lp increased Priceline Grp Inc (NASDAQ:PCLN) stake by 200 shares to 1,700 valued at $3.18M in 2017Q2. It also upped Criteo S A (NASDAQ:CRTO) stake by 164,134 shares and now owns 840,100 shares. Ikang Healthcare Group Inc (NASDAQ:KANG) was raised too.

Among 17 analysts covering Kate Spade & Company (NYSE:KATE), 2 have Buy rating, 1 Sell and 14 Hold. Therefore 12% are positive. Kate Spade & Company had 26 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Sector Weight” rating on Tuesday, May 9 by KeyBanc Capital Markets. The company was initiated on Thursday, December 17 by Goldman Sachs. The rating was maintained by BMO Capital Markets on Wednesday, July 5 with “Hold”. The company was downgraded on Friday, February 17 by CLSA. The rating was downgraded by Instinet to “Neutral” on Tuesday, May 9. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, January 25. The firm has “Peer Perform” rating by Wolfe Research given on Thursday, November 24. SunTrust maintained Kate Spade & Co (NYSE:KATE) on Friday, December 30 with “Neutral” rating. The rating was initiated by Wolfe Research with “Outperform” on Wednesday, October 14. Wells Fargo downgraded Kate Spade & Co (NYSE:KATE) on Tuesday, May 9 to “Market Perform” rating.

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