Ocwen Finl (OCN) Holder Akanthos Capital Management Lowered Its Stake; Financial Architects Lifted Holding in Alibaba Group Hldg LTD (Call) (BABA)

June 18, 2018 - By Clifton Ray

Ocwen Financial Corporation (NYSE:OCN) Logo

Financial Architects Inc increased its stake in Alibaba Group Hldg Ltd (Call) (BABA) by 66.67% based on its latest 2018Q1 regulatory filing with the SEC. Financial Architects Inc bought 2,200 shares as the company’s stock rose 2.58% while stock markets declined. The institutional investor held 5,500 shares of the business services company at the end of 2018Q1, valued at $1.01 million, up from 3,300 at the end of the previous reported quarter. Financial Architects Inc who had been investing in Alibaba Group Hldg Ltd (Call) for a number of months, seems to be bullish on the $534.45B market cap company. The stock decreased 1.36% or $2.86 during the last trading session, reaching $208. About 28.67M shares traded or 64.10% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 61.13% since June 18, 2017 and is uptrending. It has outperformed by 48.56% the S&P500. Some Historical BABA News: 29/05/2018 – ALIBABA SAYS LED CONSORTIUM TO BUY 10 PCT OF CHINESE COURIER ZTO EXPRESS FOR $1.38 BLN; 09/04/2018 – China’s SenseTime valued at $4.5 bln after $600 mln funding led by Alibaba; 16/05/2018 – ALIBABA HEALTH INFORMATION TECHNOLOGY LTD 0241.HK – FY REVENUE RMB 2.44 BLN VS RMB 475.1 MLN; 10/04/2018 – ANT FINANCIAL’S VALUATION SEEN SURGING TO ABOUT $150 BILLION AFTER LATEST FUNDRAISING; 16/04/2018 – XIAN INTERNATIONAL MEDICAL INVESTMENT 000516.SZ SAYS IT SIGNS AGREEMENTS ON MEDICAL RELATED PROJECTS WITH ALIBABA CHINA, ITS HEALTH TECHNOLOGY AFFILIATE; 01/04/2018 – ALIBABA GROUP HOLDING LTD- UPON COMPLETION, ZHANG XUHAO TO BECOME CHAIRMAN OF ELE.ME AND SPECIAL ADVISOR TO ALIBABA’S CEO ON NEW RETAIL STRATEGY; 29/05/2018 – In recent years, China’s tech industry has boomed, with champions like the e-commerce titan Alibaba and Tencent , the social media-to-gaming leader, making waves on the global stage; 18/03/2018 – Alibaba-backed company: China’s car market will grow close to 20 percent in the next five years; 16/04/2018 – ALIBABA, XIAN INTL TO COOPERATE ON ONLINE MEDICAL PLATFORM; 01/04/2018 – ALIBABA GROUP HOLDING LTD BABA.N – TRANSACTION IMPLIES ENTERPRISE VALUE OF ELE.ME AT US$9.5 BLN

Michael Kao decreased its stake in Ocwen Finl Corp (OCN) by 99.89% based on its latest 2018Q1 regulatory filing with the SEC. Akanthos Capital Management Llc sold 1.75 million shares as the company’s stock rose 30.14% while stock markets declined. The hedge fund run by Michael Kao held 2,000 shares of the consumer services company at the end of 2018Q1, valued at $5.77 million, down from 1.75M at the end of the previous reported quarter. Akanthos Capital Management Llc who had been investing in Ocwen Finl Corp for a number of months, seems to be less bullish one the $586.55 million market cap company. The stock increased 2.34% or $0.1 during the last trading session, reaching $4.38. About 1.13M shares traded or 30.63% up from the average. Ocwen Financial Corporation (NYSE:OCN) has risen 71.37% since June 18, 2017 and is uptrending. It has outperformed by 58.80% the S&P500. Some Historical OCN News: 09/03/2018 The Law Offices of Vincent Wong Notifies Investors of an Investigation Into PHH Corporation in Connection with the Sale of the Company to Ocwen Financial Corporation; 19/04/2018 – OCWEN FINANCIAL – GLEN A. MESSINA WILL ALSO BE APPOINTED AS A MEMBER OF CO’S BOARD; 29/05/2018 – Ocwen Fincl Corp Announces Resignation of Michael Bourque as Chief Fincl Officer; 29/05/2018 – Ocwen Financial Corporation Announces Resignation of Michael Bourque as Chief Financial Officer; 19/04/2018 – OCWEN FINANCIAL CORP – RON FARIS TO RETIRE AS PRESIDENT AND CHIEF EXECUTIVE OFFICER; 19/04/2018 – Ocwen: Messina to Assume Leadership Role Concurrent With the Closing of Cols Acquisition of PHH; 23/03/2018 – OCWEN FINANCIAL SAYS HAS ENTERED INTO AN ADDITIONAL AGREEMENT TO RESOLVE REGULATORY ACTION BROUGHT BY MASSACHUSETTS – SEC FILING; 23/03/2018 – Fitch Upgrades Ocwen’s Notes on Criteria Change; 02/05/2018 – OCWEN 1Q REV. $260.3M, EST. $234.5M (2 EST.); 09/04/2018 – OCWEN FINANCIAL – FOLLOWING THE $25 MLN PAY DOWN, CO HAS ABOUT $269.1 MLN OUTSTANDING UNDER ITS SENIOR SECURED TERM LOAN

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Seekingalpha.com which released: “Difficult Not To Win With Alibaba” on June 14, 2018, also Seekingalpha.com with their article: “Alibaba Knows No Boundaries” published on June 01, 2018, Seekingalpha.com published: “By The Numbers: Should You Buy Alibaba Stock?” on June 17, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Livetradingnews.com and their article: “Alibaba Group Holding Limited (NYSE:BABA) Target Price $187.00” published on June 11, 2018 as well as Livetradingnews.com‘s news article titled: “Alibaba Group Holding Limited (NYSE:BABA) Target $300” with publication date: June 04, 2018.

Financial Architects Inc, which manages about $512.07 million US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 13,359 shares to 49,377 shares, valued at $6.33M in 2018Q1, according to the filing. It also reduced its holding in Abbvie Inc (Call) (NYSE:ABBV) by 24,691 shares in the quarter, leaving it with 1,400 shares, and cut its stake in Vanguard Index Fds (VOO).

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 183 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, October 20 by Needham. As per Tuesday, May 9, the company rating was maintained by Needham. As per Wednesday, August 12, the company rating was downgraded by Wedbush. The rating was upgraded by Atlantic Securities to “Overweight” on Tuesday, August 22. On Thursday, June 22 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by TH Capital on Friday, August 14 with “Hold”. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Outperform” rating by Macquarie Research on Friday, August 18. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by Barclays Capital on Wednesday, August 2. Oppenheimer maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Monday, June 26. Oppenheimer has “Buy” rating and $16500 target. The firm has “Outperform” rating given on Thursday, June 14 by Wells Fargo.

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial had 25 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Ocwen Financial Corporation (NYSE:OCN) earned “Hold” rating by Piper Jaffray on Wednesday, February 28. The company was maintained on Tuesday, August 4 by Compass Point. On Tuesday, October 25 the stock rating was downgraded by PiperJaffray to “Underweight”. The stock has “Hold” rating by Piper Jaffray on Monday, July 24. The firm has “Buy” rating given on Thursday, August 6 by Zacks. The rating was maintained by Citigroup with “Neutral” on Tuesday, March 29. On Monday, August 14 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Compass Point maintained the stock with “Neutral” rating in Thursday, December 3 report. The stock of Ocwen Financial Corporation (NYSE:OCN) earned “Strong-Buy” rating by Vetr on Wednesday, September 2. The stock of Ocwen Financial Corporation (NYSE:OCN) has “Market Perform” rating given on Friday, August 7 by Oppenheimer.

Analysts await Ocwen Financial Corporation (NYSE:OCN) to report earnings on August, 1. They expect $-0.13 EPS, up 63.89% or $0.23 from last year’s $-0.36 per share. After $0.02 actual EPS reported by Ocwen Financial Corporation for the previous quarter, Wall Street now forecasts -750.00% negative EPS growth.

Akanthos Capital Management Llc, which manages about $190.76M and $105.97 million US Long portfolio, upped its stake in Uniti Group Inc by 411,953 shares to 531,379 shares, valued at $3.25 million in 2018Q1, according to the filing.

Since January 22, 2018, it had 4 insider purchases, and 0 sales for $8.51 million activity.

More recent Ocwen Financial Corporation (NYSE:OCN) news were published by: Globenewswire.com which released: “Ocwen Remains Committed to Helping New York Homeowners Better Afford Their Homes” on June 05, 2018. Also Equitiesfocus.com published the news titled: “Ocwen Financial (OCN) Upgraded at ValuEngine” on June 18, 2018. Streetinsider.com‘s news article titled: “Ocwen Financial (OCN) Announces Resignation of Michael Bourque as CFO” with publication date: May 29, 2018 was also an interesting one.

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 0.43, from 1.2 in 2017Q4. It fall, as 21 investors sold OCN shares while 35 reduced holdings. 14 funds opened positions while 29 raised stakes. 56.56 million shares or 3.14% more from 54.84 million shares in 2017Q4 were reported. Alliancebernstein Limited Partnership has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 160,660 shares. Rhumbline Advisers reported 111,072 shares. Bnp Paribas Arbitrage has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 22,885 shares. Schwab Charles Invest Management reported 0.01% in Ocwen Financial Corporation (NYSE:OCN). Sei Investments reported 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). First Quadrant LP Ca, a California-based fund reported 73,100 shares. Virtu Limited Liability Com invested 0% in Ocwen Financial Corporation (NYSE:OCN). Moreover, State Common Retirement Fund has 0% invested in Ocwen Financial Corporation (NYSE:OCN). 20,000 are owned by Fishman Jay A Limited Mi. Bridgeway Capital Mngmt holds 0.05% or 1.11M shares. Amalgamated National Bank holds 14,295 shares. Cqs Cayman Ltd Partnership has 0.3% invested in Ocwen Financial Corporation (NYSE:OCN). Balyasny Asset Mgmt stated it has 66,271 shares or 0% of all its holdings. Panagora Asset Mngmt Inc has 3,000 shares. Northwestern Mutual Wealth accumulated 2,250 shares.

Ocwen Financial Corporation (NYSE:OCN) Institutional Positions Chart

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