Partner Fund Management LP Has Trimmed Alibaba Group Hldg LTD (BABA) Stake; Halcon Resources (HK) Shorts Down By 32.42%

November 14, 2017 - By Vivian Currie

Halcon Resources Corporation (NYSE:HK) had a decrease of 32.42% in short interest. HK’s SI was 7.42 million shares in November as released by FINRA. Its down 32.42% from 10.98M shares previously. With 3.11M avg volume, 2 days are for Halcon Resources Corporation (NYSE:HK)’s short sellers to cover HK’s short positions. The SI to Halcon Resources Corporation’s float is 12.63%. About 2.05 million shares traded. Halcon Resources Corporation (NYSE:HK) has declined 30.30% since November 14, 2016 and is downtrending. It has underperformed by 47.00% the S&P500.

Partner Fund Management Lp decreased Alibaba Group Hldg Ltd (BABA) stake by 13.21% reported in 2017Q2 SEC filing. Partner Fund Management Lp sold 106,973 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 22.58%. The Partner Fund Management Lp holds 703,046 shares with $99.06 million value, down from 810,019 last quarter. Alibaba Group Hldg Ltd now has $466.51 billion valuation. The stock declined 1.30% or $2.39 reaching $182.15 per share. About 11.29M shares traded. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since November 14, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 14 analysts covering Halcon Resources Corp (NYSE:HK), 11 have Buy rating, 1 Sell and 2 Hold. Therefore 79% are positive. Halcon Resources Corp had 27 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was maintained by Wunderlich with “Hold” on Tuesday, September 13. The rating was maintained by Roth Capital on Friday, June 2 with “Buy”. Vetr upgraded Halcon Resources Corporation (NYSE:HK) rating on Tuesday, September 8. Vetr has “Buy” rating and $1.05 target. The stock has “Hold” rating by Johnson Rice on Monday, April 18. Stifel Nicolaus downgraded the stock to “Sell” rating in Wednesday, March 9 report. The firm has “Neutral” rating given on Friday, November 10 by Bank of America. Barclays Capital upgraded Halcon Resources Corporation (NYSE:HK) on Thursday, July 13 to “Hold” rating. The stock has “Buy” rating by Roth Capital on Tuesday, August 1. The firm has “Buy” rating by Wunderlich given on Tuesday, November 15. As per Tuesday, October 17, the company rating was initiated by Bank of America.

Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to report earnings on January, 23. They expect $1.45 EPS, up 33.03% or $0.36 from last year’s $1.09 per share. BABA’s profit will be $3.71 billion for 31.41 P/E if the $1.45 EPS becomes a reality. After $1.02 actual EPS reported by Alibaba Group Holding Ltd for the previous quarter, Wall Street now forecasts 42.16% EPS growth.

Partner Fund Management Lp increased Weatherford Intl Ltd (Prn) stake by 8.64 million shares to 81.52M valued at $82.69 million in 2017Q2. It also upped Square Inc stake by 44,395 shares and now owns 834,542 shares. Unitedhealth Group Inc (NYSE:UNH) was raised too.

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