Oz Management Lp Increased Kate Spade & Co (KATE) Stake by $60.80 Million; Public Sector Pension Investment Board Lowered Its Methanex (MEOH) Holding

May 12, 2017 - By Peter Erickson

Oz Management Lp increased Kate Spade & Co (NYSE:KATE) stake by 578.77% reported in 2017Q1 SEC filing. Oz Management Lp acquired 2.64M shares as Kate Spade & Co (NYSE:KATE)’s stock rose 28.06%. The Oz Management Lp holds 3.10 million shares with $72.02M value, up from 456,753 last quarter. Kate Spade & Co now has $2.37 billion valuation. The stock decreased 0.08% or $0.01 during the last trading session, reaching $18.41. About 6.27M shares traded. Kate Spade & Co (NYSE:KATE) has risen 2.11% since October 5, 2016 and is uptrending. It has underperformed by 8.76% the S&P500.

Public Sector Pension Investment Board decreased Methanex Corp (MEOH) stake by 3.43% reported in 2016Q4 SEC filing. Public Sector Pension Investment Board sold 21,100 shares as Methanex Corp (MEOH)’s stock rose 25.04%. The Public Sector Pension Investment Board holds 594,606 shares with $26.11M value, down from 615,706 last quarter. Methanex Corp now has $3.59B valuation. The stock rose 0.55% or $0.23 reaching $42.08. About 809,710 shares traded. Methanex Corporation (USA) (NASDAQ:MEOH) has risen 18.06% since October 5, 2016 and is uptrending. It has outperformed by 7.19% the S&P500.

Analysts await Methanex Corporation (USA) (NASDAQ:MEOH) to report earnings on July, 26. They expect $0.90 earnings per share, up 446.15% or $1.16 from last year’s $-0.26 per share. MEOH’s profit will be $76.78M for 11.69 P/E if the $0.90 EPS becomes a reality. After $1.56 actual earnings per share reported by Methanex Corporation (USA) for the previous quarter, Wall Street now forecasts -42.31% negative EPS growth.

Public Sector Pension Investment Board increased Alliance Data Systems Corp (Put) (NYSE:ADS) stake by 36,874 shares to 50,000 valued at $11.43M in 2016Q4. It also upped Nxp Semiconductors N V (NASDAQ:NXPI) stake by 327,440 shares and now owns 385,491 shares. Bank N S Halifax (NYSE:BNS) was raised too.

Among 11 analysts covering Methanex Corporation (NASDAQ:MEOH), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Methanex Corporation had 41 analyst reports since July 27, 2015 according to SRatingsIntel. The company was downgraded on Monday, October 3 by Raymond James. Jefferies maintained it with “Buy” rating and $52 target in Friday, August 7 report. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) earned “Sector Perform” rating by IBC on Monday, October 24. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 31. UBS downgraded the shares of MEOH in report on Monday, October 31 to “Sell” rating. The firm earned “Outperform” rating on Wednesday, November 30 by Cowen & Co. Raymond James downgraded the stock to “Mkt Perform” rating in Monday, December 14 report. As per Friday, January 29, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Monday, March 14 by Citigroup. The company was upgraded on Wednesday, March 29 by IBC.

Among 16 analysts covering Kate Spade & Company (NYSE:KATE), 2 have Buy rating, 1 Sell and 13 Hold. Therefore 13% are positive. Kate Spade & Company has $30 highest and $18 lowest target. $23.31’s average target is 26.62% above currents $18.41 stock price. Kate Spade & Company had 25 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Sector Weight” rating given on Tuesday, May 9 by KeyBanc Capital Markets. The firm earned “Neutral” rating on Tuesday, May 9 by Nomura. SunTrust maintained the stock with “Neutral” rating in Thursday, August 4 report. The rating was initiated by Goldman Sachs with “Neutral” on Thursday, December 17. Citigroup maintained the shares of KATE in report on Thursday, August 4 with “Buy” rating. The stock of Kate Spade & Co (NYSE:KATE) has “Overweight” rating given on Thursday, September 24 by Stephens. The company was maintained on Friday, December 30 by SunTrust. Wolfe Research initiated Kate Spade & Co (NYSE:KATE) rating on Wednesday, October 14. Wolfe Research has “Outperform” rating and $29 target. The stock has “Peer Perform” rating by Wolfe Research on Thursday, November 24. Telsey Advisory Group downgraded Kate Spade & Co (NYSE:KATE) on Wednesday, January 25 to “Market Perform” rating.

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The company has market cap of $2.37 billion. It operates through three divisions. It has a 16.78 P/E ratio. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America.