Fang (NYSE:SFUN) Lifted to “Hold” at ValuEngine

Fang (NYSE:SFUN) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Fang from a “sell” rating to a “hold” rating and set a $3.25 price target on the stock in a research note on Monday, July 1st.

Shares of Fang stock traded up $0.14 on Tuesday, reaching $2.48. The company’s stock had a trading volume of 583,400 shares, compared to its average volume of 256,900. The company has a market capitalization of $196.66 million, a price-to-earnings ratio of 4.96 and a beta of 1.04. The firm’s fifty day simple moving average is $1.93 and its two-hundred day simple moving average is $1.55. Fang has a 52 week low of $1.46 and a 52 week high of $13.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.59.

Fang (NYSE:SFUN) last posted its earnings results on Friday, August 30th. The information services provider reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.05). The business had revenue of $67.56 million during the quarter. Fang had a negative return on equity of 2.44% and a negative net margin of 9.92%. As a group, research analysts predict that Fang will post 0.22 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd lifted its position in Fang by 16.7% during the second quarter. Segantii Capital Management Ltd now owns 47,600 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 6,800 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Fang by 1,582.8% during the first quarter. BNP Paribas Arbitrage SA now owns 52,957 shares of the information services provider’s stock valued at $71,000 after purchasing an additional 49,810 shares in the last quarter. BB&T Securities LLC lifted its position in Fang by 22.2% during the second quarter. BB&T Securities LLC now owns 129,988 shares of the information services provider’s stock valued at $80,000 after purchasing an additional 23,577 shares in the last quarter. Jane Street Group LLC purchased a new position in Fang during the second quarter valued at $991,000. Finally, Morgan Stanley lifted its position in Fang by 10.7% during the second quarter. Morgan Stanley now owns 14,321,729 shares of the information services provider’s stock valued at $8,900,000 after purchasing an additional 1,385,904 shares in the last quarter.

Fang Company Profile

Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers listing, marketing, e-commerce, financial, and other value-added services. It supports active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors.

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