Keywise Capital Management LTD Has Cut Vipshop Hldgs LTD (VIPS) Stake By $23.42 Million; Heritage Insurance Holdings (HRTG) Shorts Decreased By 3.13%

April 18, 2018 - By Louis Casey

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Logo

Keywise Capital Management Ltd decreased Vipshop Hldgs Ltd (VIPS) stake by 44.74% reported in 2017Q4 SEC filing. Keywise Capital Management Ltd sold 2.13M shares as Vipshop Hldgs Ltd (VIPS)’s stock rose 37.84%. The Keywise Capital Management Ltd holds 2.63 million shares with $30.82M value, down from 4.76M last quarter. Vipshop Hldgs Ltd now has $10.50 billion valuation. The stock increased 2.17% or $0.34 during the last trading session, reaching $16. About 7.03 million shares traded. Vipshop Holdings Limited (NYSE:VIPS) has risen 21.34% since April 18, 2017 and is uptrending. It has outperformed by 9.79% the S&P500.

Heritage Insurance Holdings Inc (NYSE:HRTG) had a decrease of 3.13% in short interest. HRTG’s SI was 4.25M shares in April as released by FINRA. Its down 3.13% from 4.39 million shares previously. With 243,700 avg volume, 17 days are for Heritage Insurance Holdings Inc (NYSE:HRTG)’s short sellers to cover HRTG’s short positions. The SI to Heritage Insurance Holdings Inc’s float is 16.57%. It closed at $16.2 lastly. It is down 24.84% since April 18, 2017 and is uptrending. It has outperformed by 13.29% the S&P500.

Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company has market cap of $430.27 million. The firm offers personal residential insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance, as well as insurance policies for residential wind insurance in the state of Florida, North Carolina, South Carolina, Hawaii, Georgia, Alabama, and Mississippi. It currently has negative earnings. As of December 31, 2016, it had approximately 319,676 personal residential policies and 3,625 commercial residential policies.

Among 7 analysts covering Heritage Insurance Holdings (NYSE:HRTG), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Heritage Insurance Holdings had 22 analyst reports since August 7, 2015 according to SRatingsIntel. Sandler O’Neill maintained the shares of HRTG in report on Thursday, March 8 with “Buy” rating. The firm has “Buy” rating given on Wednesday, September 20 by Keefe Bruyette & Woods. The rating was maintained by SunTrust with “Buy” on Wednesday, November 1. JMP Securities upgraded the stock to “Market Outperform” rating in Tuesday, October 20 report. The stock of Heritage Insurance Holdings, Inc. (NYSE:HRTG) earned “Buy” rating by Keefe Bruyette & Woods on Monday, December 4. The stock of Heritage Insurance Holdings, Inc. (NYSE:HRTG) has “Buy” rating given on Friday, August 7 by Citigroup. The stock of Heritage Insurance Holdings, Inc. (NYSE:HRTG) has “Outperform” rating given on Tuesday, August 9 by Wood. The stock of Heritage Insurance Holdings, Inc. (NYSE:HRTG) earned “Buy” rating by Citigroup on Tuesday, April 10. Sandler O’Neill upgraded Heritage Insurance Holdings, Inc. (NYSE:HRTG) on Friday, September 23 to “Buy” rating. The stock of Heritage Insurance Holdings, Inc. (NYSE:HRTG) earned “Outperform” rating by Wood on Monday, June 13.

Among 20 analysts covering Vipshop Holdings Limited (NYSE:VIPS), 15 have Buy rating, 1 Sell and 4 Hold. Therefore 75% are positive. Vipshop Holdings Limited had 42 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, November 19 by Brean Capital. The stock of Vipshop Holdings Limited (NYSE:VIPS) has “Outperform” rating given on Tuesday, January 16 by Bernstein. The firm earned “Buy” rating on Wednesday, August 17 by Nomura. The rating was upgraded by Deutsche Bank on Thursday, November 10 to “Buy”. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, November 16. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, January 16. JP Morgan downgraded Vipshop Holdings Limited (NYSE:VIPS) rating on Wednesday, May 18. JP Morgan has “Neutral” rating and $11 target. The rating was downgraded by HSBC on Friday, August 18 to “Reduce”. On Monday, August 14 the stock rating was maintained by Jefferies with “Buy”. The stock of Vipshop Holdings Limited (NYSE:VIPS) has “Buy” rating given on Tuesday, October 3 by Jefferies.

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