Sabine Royalty Trust (SBR) Holder Wildcat Capital Management Has Boosted Its Stake by $4.46 Million; Kylin Management Has Cut Align Technology (ALGN) Position by $9.93 Million

January 14, 2018 - By Stephen Andrade

Wildcat Capital Management Llc increased its stake in Sabine Royalty Trust (SBR) by 149.65% based on its latest 2017Q3 regulatory filing with the SEC. Wildcat Capital Management Llc bought 111,495 shares as the company’s stock declined 4.42% while stock markets rallied. The institutional investor held 186,000 shares of the oil & gas production company at the end of 2017Q3, valued at $7.53M, up from 74,505 at the end of the previous reported quarter. Wildcat Capital Management Llc who had been investing in Sabine Royalty Trust for a number of months, seems to be bullish on the $710.64 million market cap company. The stock increased 1.71% or $0.8199 during the last trading session, reaching $48.7429. About 27,507 shares traded or 53.37% up from the average. Sabine Royalty Trust (NYSE:SBR) has risen 9.71% since January 14, 2017 and is uptrending. It has underperformed by 6.99% the S&P500.

Ted Kang decreased its stake in Align Technology Inc (ALGN) by 17.13% based on its latest 2017Q3 regulatory filing with the SEC. Kylin Management Llc sold 53,400 shares as the company’s stock rose 36.03% with the market. The hedge fund run by Ted Kang held 258,400 shares of the health care company at the end of 2017Q3, valued at $48.13 million, down from 311,800 at the end of the previous reported quarter. Kylin Management Llc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $20.72 billion market cap company. The stock increased 2.18% or $5.52 during the last trading session, reaching $258.43. About 893,102 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since January 14, 2017 and is uptrending. It has outperformed by 65.52% the S&P500.

Wildcat Capital Management Llc, which manages about $1.03 billion and $557.63M US Long portfolio, decreased its stake in Costar Group Inc (NASDAQ:CSGP) by 4,845 shares to 176,827 shares, valued at $47.43 million in 2017Q3, according to the filing.

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on January, 30. They expect $0.96 earnings per share, up 43.28% or $0.29 from last year’s $0.67 per share. ALGN’s profit will be $76.97M for 67.30 P/E if the $0.96 EPS becomes a reality. After $1.01 actual earnings per share reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -4.95% negative EPS growth.

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