Dynamic Technology Lab Private Ltd purchased a new stake in Fang Holdings Ltd (NYSE:SFUN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 30,273 shares of the information services provider’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Fang by 5.3% in the 1st quarter. Northern Trust Corp now owns 341,248 shares of the information services provider’s stock valued at $1,754,000 after buying an additional 17,144 shares during the period. Aperio Group LLC raised its holdings in Fang by 157.5% during the first quarter. Aperio Group LLC now owns 28,697 shares of the information services provider’s stock worth $148,000 after purchasing an additional 17,554 shares during the last quarter. Verition Fund Management LLC acquired a new position in Fang during the first quarter worth $147,000. SG Americas Securities LLC acquired a new position in Fang during the second quarter worth $127,000. Finally, Bank of Montreal Can raised its holdings in Fang by 43.3% during the second quarter. Bank of Montreal Can now owns 127,472 shares of the information services provider’s stock worth $495,000 after purchasing an additional 38,498 shares during the last quarter. 43.89% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Fang from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd. Credit Suisse Group cut Fang from an “outperform” rating to a “neutral” rating and set a $87.00 price objective for the company. in a report on Wednesday, August 29th. TheStreet cut Fang from a “c” rating to a “d” rating in a report on Friday, July 27th. ValuEngine cut Fang from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Fang from $4.20 to $3.60 and set a “neutral” rating for the company in a report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Fang presently has an average rating of “Hold” and an average target price of $25.25.

Shares of SFUN stock opened at $2.71 on Thursday. The firm has a market cap of $1.20 billion, a P/E ratio of 136.50 and a beta of 1.01. Fang Holdings Ltd has a 1 year low of $2.41 and a 1 year high of $5.69. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.54.

Fang (NYSE:SFUN) last released its quarterly earnings results on Tuesday, August 28th. The information services provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. Fang had a positive return on equity of 10.50% and a negative net margin of 11.35%. The company had revenue of $74.41 million during the quarter, compared to analysts’ expectations of $102.26 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was down 32.4% compared to the same quarter last year. research analysts predict that Fang Holdings Ltd will post 0.09 earnings per share for the current year.

Fang 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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Institutional Ownership by Quarter for Fang (NYSE:SFUN)

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