Highpower International, Inc. (HPJ) Reaches $2.81 Yearly Low; Par Capital Management Upped Its Lendingtree New (TREE) Holding

May 29, 2018 - By Richard Conner

LendingTree, Inc. (NASDAQ:TREE) Logo

Par Capital Management Inc increased Lendingtree Inc New (TREE) stake by 388.89% reported in 2018Q1 SEC filing. Par Capital Management Inc acquired 21,000 shares as Lendingtree Inc New (TREE)’s stock declined 27.67%. The Par Capital Management Inc holds 26,400 shares with $8.66 million value, up from 5,400 last quarter. Lendingtree Inc New now has $3.25 billion valuation. The stock increased 0.06% or $0.15 during the last trading session, reaching $260. About 55,687 shares traded. LendingTree, Inc. (NASDAQ:TREE) has risen 66.73% since May 29, 2017 and is uptrending. It has outperformed by 54.16% the S&P500.

The stock of Highpower International, Inc. (NASDAQ:HPJ) hit a new 52-week low and has $2.58 target or 8.00% below today’s $2.81 share price. The 9 months bearish chart indicates high risk for the $43.65M company. The 1-year low was reported on May, 29 by Barchart.com. If the $2.58 price target is reached, the company will be worth $3.49M less. The stock decreased 1.58% or $0.045 during the last trading session, reaching $2.805. About 22,961 shares traded. Highpower International, Inc. (NASDAQ:HPJ) has declined 34.25% since May 29, 2017 and is downtrending. It has underperformed by 46.82% the S&P500.

Highpower International, Inc. produces and sells nickel-metal hydride and lithium rechargeable batteries. The company has market cap of $43.65 million. The firm operates in three divisions: Lithium Batteries, Ni-MH Batteries, and New Materials. It has a 2.57 P/E ratio. It offers Ni-MH rechargeable batteries in AA, AAA, 9V, C, D, and SC sizes in blister packing, as well as chargers and battery packs.

Investors sentiment increased to 0.38 in Q1 2018. Its up 0.05, from 0.33 in 2017Q4. It is positive, as 6 investors sold Highpower International, Inc. shares while 2 reduced holdings. 1 funds opened positions while 2 raised stakes. 1.74 million shares or 4.93% more from 1.66 million shares in 2017Q4 were reported. One Trading L P reported 0% stake. Panagora Asset Management Inc stated it has 18,043 shares. Global X Mgmt Lc stated it has 0.03% in Highpower International, Inc. (NASDAQ:HPJ). Renaissance Technologies Lc accumulated 0% or 1.07 million shares. Morgan Stanley has invested 0% in Highpower International, Inc. (NASDAQ:HPJ). Geode Management Llc invested 0% in Highpower International, Inc. (NASDAQ:HPJ). Spark Invest Mngmt Limited Company holds 0.02% or 87,500 shares. Bridgeway Capital Mgmt holds 0.01% or 166,845 shares.

More important recent Highpower International, Inc. (NASDAQ:HPJ) news were published by: Seekingalpha.com which released: “Highpower International – Q1 Takeaways” on May 17, 2018, also Seekingalpha.com published article titled: “Highpower International down 9%, weak margins”, Streetinsider.com published: “Highpower International (HPJ) Reports Q1 Loss of $0.07 on Revenues of $49.6M” on May 11, 2018. More interesting news about Highpower International, Inc. (NASDAQ:HPJ) was released by: Benzinga.com and their article: “50 Biggest Movers From Friday” with publication date: May 14, 2018.

Investors sentiment decreased to 0.71 in 2018 Q1. Its down 0.52, from 1.23 in 2017Q4. It is negative, as 28 investors sold TREE shares while 93 reduced holdings. 33 funds opened positions while 53 raised stakes. 9.14 million shares or 0.08% more from 9.13 million shares in 2017Q4 were reported. Pinebridge Invs LP accumulated 0.01% or 1,828 shares. State Street, a Massachusetts-based fund reported 444,889 shares. Bartlett Company Limited Liability Corporation holds 0% or 88 shares in its portfolio. Ls Invest Advsr Limited Liability has invested 0.02% in LendingTree, Inc. (NASDAQ:TREE). Oregon Pub Employees Retirement Fund holds 2,868 shares or 0.01% of its portfolio. 9,927 were reported by American Century. Citadel Advisors Llc reported 0% in LendingTree, Inc. (NASDAQ:TREE). Deutsche National Bank Ag owns 0% invested in LendingTree, Inc. (NASDAQ:TREE) for 16,755 shares. Morgan Stanley reported 78,482 shares. Rhumbline Advisers holds 13,988 shares. Invesco Limited, Georgia-based fund reported 23,246 shares. Granahan Inv Inc Ma reported 0.22% stake. Capital Impact Advsr Limited Liability Corp owns 4,839 shares. Federated Invsts Inc Pa reported 0% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). Verition Fund Mgmt Lc reported 0.06% stake.

More notable recent LendingTree, Inc. (NASDAQ:TREE) news were published by: Prnewswire.com which released: “LendingTree, Inc. to Present at SunTrust Robinson Humphrey Internet & Digital Media Conference” on April 30, 2018, also Prnewswire.com with their article: “CompareCards Releases 2018 Credit Card Fee Report” published on May 29, 2018, Streetinsider.com published: “LendingTree (TREE) to Acquire Ovation Credit Services” on May 11, 2018. More interesting news about LendingTree, Inc. (NASDAQ:TREE) were released by: Prnewswire.com and their article: “LendingTree Study Finds More than Half of My LendingTree Users Improved Credit Scores in Majority of 50 Metros …” published on May 21, 2018 as well as Investorplace.com‘s news article titled: “These 7 Best-Performing CEOs Guarantee High Returns” with publication date: May 03, 2018.

Among 16 analysts covering LendingTree (NASDAQ:TREE), 13 have Buy rating, 1 Sell and 2 Hold. Therefore 81% are positive. LendingTree had 47 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Thursday, October 26. UBS initiated LendingTree, Inc. (NASDAQ:TREE) on Tuesday, March 27 with “Hold” rating. The stock of LendingTree, Inc. (NASDAQ:TREE) has “Buy” rating given on Thursday, December 10 by Bank of America. SunTrust initiated LendingTree, Inc. (NASDAQ:TREE) on Monday, November 9 with “Buy” rating. The rating was maintained by Northland Capital on Thursday, February 22 with “Buy”. On Wednesday, November 18 the stock rating was initiated by Bank of America with “Neutral”. RBC Capital Markets maintained LendingTree, Inc. (NASDAQ:TREE) rating on Friday, February 24. RBC Capital Markets has “Outperform” rating and $140 target. The rating was maintained by Oppenheimer with “Buy” on Tuesday, August 8. The stock has “Hold” rating by SunTrust on Tuesday, May 8. The firm has “Sell” rating given on Thursday, October 12 by BWS Financial.

Par Capital Management Inc decreased Mgm Resorts International (NYSE:MGM) stake by 1.00M shares to 1.96M valued at $68.73M in 2018Q1. It also reduced Red Rock Resorts Inc stake by 1.57 million shares and now owns 2.63M shares. Aralez Pharmaceuticals Inc was reduced too.

LendingTree, Inc. (NASDAQ:TREE) Institutional Positions Chart

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