Dsam Partners Llp Trimmed Position in Michael Kors Hldgs LTD (KORS) by $5.33 Million as Valuation Declined; Rothschild Capital Partners Has Cut Stake in First Rep Bk San Francisco C (FRC) by $2.03 Million

April 24, 2018 - By Maria Brooks

First Republic Bank (NYSE:FRC) Logo

Guy Shahar decreased its stake in Michael Kors Hldgs Ltd (KORS) by 82.9% based on its latest 2017Q4 regulatory filing with the SEC. Dsam Partners Llp sold 85,893 shares as the company’s stock declined 2.98% with the market. The hedge fund run by Guy Shahar held 17,715 shares of the apparel company at the end of 2017Q4, valued at $1.12M, down from 103,608 at the end of the previous reported quarter. Dsam Partners Llp who had been investing in Michael Kors Hldgs Ltd for a number of months, seems to be less bullish one the $10.27 billion market cap company. The stock decreased 0.58% or $0.39 during the last trading session, reaching $67.46. About 305,808 shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 62.72% since April 24, 2017 and is uptrending. It has outperformed by 51.17% the S&P500.

Rothschild Capital Partners Llc decreased its stake in First Rep Bk San Francisco C (FRC) by 52.73% based on its latest 2017Q4 regulatory filing with the SEC. Rothschild Capital Partners Llc sold 23,653 shares as the company’s stock rose 3.67% while stock markets declined. The hedge fund held 21,207 shares of the company at the end of 2017Q4, valued at $1.84M, down from 44,860 at the end of the previous reported quarter. Rothschild Capital Partners Llc who had been investing in First Rep Bk San Francisco C for a number of months, seems to be less bullish one the $15.36 billion market cap company. The stock increased 1.15% or $1.08 during the last trading session, reaching $94.88. About 121,887 shares traded. First Republic Bank (NYSE:FRC) has risen 0.07% since April 24, 2017 and is uptrending. It has underperformed by 11.48% the S&P500.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.50, from 0.94 in 2017Q3. It increased, as 36 investors sold KORS shares while 112 reduced holdings. 103 funds opened positions while 110 raised stakes. 120.12 million shares or 5.14% less from 126.63 million shares in 2017Q3 were reported. Barclays Public Lc reported 255,056 shares. Schroder Inv owns 1.44M shares. Chevy Chase Inc invested in 134,744 shares or 0.04% of the stock. Parkside Savings Bank has invested 0% in Michael Kors Holdings Limited (NYSE:KORS). Highlander Management Limited Liability Com invested in 50 shares. Tuttle Tactical Limited accumulated 11,650 shares or 0.89% of the stock. Neuberger Berman Gru Ltd invested in 0% or 11,723 shares. Parametric Port Assoc Ltd Liability Corporation holds 0.03% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 415,592 shares. Cibc Asset Mngmt holds 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 12,388 shares. Thrivent Finance For Lutherans, Minnesota-based fund reported 6,212 shares. Bluemountain Cap Mgmt Ltd Llc, New York-based fund reported 165,991 shares. 15.67M were accumulated by Vanguard Gp Inc. Chicago Equity Ptnrs Lc accumulated 18,365 shares or 0.04% of the stock. Earnest Partners Limited Liability Company reported 70 shares. Hsbc Public reported 524,412 shares.

Dsam Partners Llp, which manages about $594.53M US Long portfolio, upped its stake in Urogen Pharma Ltd by 62,000 shares to 136,500 shares, valued at $5.08M in 2017Q4, according to the filing. It also increased its holding in Cemex Sab De Cv (NYSE:CX) by 124,813 shares in the quarter, for a total of 597,868 shares, and has risen its stake in Morgan Stanley (NYSE:MS).

Among 35 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 12 have Buy rating, 2 Sell and 21 Hold. Therefore 34% are positive. Michael Kors Holdings Ltd had 123 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, November 5, the company rating was maintained by Canaccord Genuity. BMO Capital Markets maintained the shares of KORS in report on Wednesday, February 7 with “Hold” rating. Barclays Capital maintained Michael Kors Holdings Limited (NYSE:KORS) on Thursday, February 8 with “Equal-Weight” rating. Mizuho maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Tuesday, February 7. Mizuho has “Neutral” rating and $38 target. The company was maintained on Wednesday, February 7 by Jefferies. Canaccord Genuity maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Thursday, November 2. Canaccord Genuity has “Buy” rating and $58.0 target. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Neutral” rating by Bank of America on Thursday, October 22. The rating was maintained by Needham with “Buy” on Thursday, February 8. Cowen & Co maintained the stock with “Hold” rating in Thursday, September 28 report. Canaccord Genuity maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Monday, June 12. Canaccord Genuity has “Hold” rating and $3300 target.

Since February 13, 2018, it had 0 buys, and 6 sales for $44.48 million activity. $406,065 worth of stock was sold by Reitman Stephen F on Tuesday, February 13. 246,590 shares were sold by Kors Michael David, worth $15.12 million. Shares for $255,752 were sold by Benedetto M William.

Analysts await Michael Kors Holdings Limited (NYSE:KORS) to report earnings on May, 30. They expect $0.58 earnings per share, down 20.55% or $0.15 from last year’s $0.73 per share. KORS’s profit will be $88.26M for 29.08 P/E if the $0.58 EPS becomes a reality. After $1.77 actual earnings per share reported by Michael Kors Holdings Limited for the previous quarter, Wall Street now forecasts -67.23% negative EPS growth.

Among 19 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. First Republic Bank had 87 analyst reports since October 6, 2015 according to SRatingsIntel. As per Friday, October 13, the company rating was maintained by RBC Capital Markets. Maxim Group maintained it with “Buy” rating and $11000 target in Friday, April 13 report. Piper Jaffray maintained the shares of FRC in report on Monday, July 10 with “Hold” rating. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by Keefe Bruyette & Woods on Friday, October 13. The firm has “Hold” rating by Piper Jaffray given on Tuesday, January 16. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by BMO Capital Markets on Friday, July 14. RBC Capital Markets maintained it with “Hold” rating and $9600 target in Friday, April 13 report. The rating was maintained by Maxim Group with “Buy” on Monday, December 19. The firm earned “Sector Perform” rating on Monday, October 19 by RBC Capital Markets. Maxim Group maintained the shares of FRC in report on Friday, October 13 with “Buy” rating.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

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