Oppenheimer Price Cut On Bitauto A Hit To Tiger Global

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Oppenheimer Price Cut On Bitauto A Hit To Tiger Global

Solazyme Inc. (NASDAQ:SZYM), CONN’S Inc. (NASDAQ:CONN) and Key Energy Services Inc. (NYSE:KEG) are making noteworthy gains today. Posting losses worth looking at are Pilgrim’s Pride Corporation (NASDAQ:PPC), Bitauto Holdings (NYSE:BITA) and CHC Group Ltd. (NYSE:HELI).

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This Tiger grand-cub was flat during Q2 but is ready for the return of volatility

Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More


CONN’S Inc. Seems to be on the Rebound

Solazyme Inc. soared +24% this Wednesday in the wake of an SEC filing showing company director Jerry Fiddler purchased 80,000 shares. The stock is now up more than +30% year-to-date – a good thing for SZYM shareholder Tiger Global.

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CONN’S Inc. climbed +15.53% and appears to be on quite the rebound in 2015, its price up +47% YTD. David Einhorn’s Greenlight Capital took a hit on this one last year, but given the stock’s recent turnaround, it could be recovering its losses.

Key Energy Services rebounded +10.76% after taking a dive yesterday and is still down -15% over the past week. Short interest in the firm is on the rise, and Zacks has downgraded its rating on the company from neutral to underperform. Billionaire George Soros is in the mix here.

Bitauto Slides on Price Target Cut

Pilgrim’s Pride tumbled -6.9% today after the U.S. Department of Agriculture announced a suspected case of bird flu in poultry in Arkansas. As of its most recent 13F filing, corresponding to Q4 2014, Chase Coleman’s Tiger Global has two million PPC shares.

Bitauto Holdings dipped -6.64% and is down -29% YTD. This is another hit for Tiger Global, which holds 6.57 million BITA shares. Today, Oppenheimer slashed its price target on the stock from $95.00 to $62.00, though it maintained its outperform rating on the stock.

CHC Group fell -6.09% this Wednesday, putting its year-to-date loss at -42%. Farallon Capital has a small stake in the commercial helicopter services provider.

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