Segantii Capital Management Ltd decreased its stake in Hsbc Hldgs Plc (HSBC) by 22.79% based on its latest 2019Q2 regulatory filing with the SEC. Segantii Capital Management Ltd sold 941,360 shares as the company’s stock declined 7.04% . The hedge fund held 3.19M shares of the savings institutions company at the end of 2019Q2, valued at $132.32 million, down from 4.13 million at the end of the previous reported quarter. Segantii Capital Management Ltd who had been investing in Hsbc Hldgs Plc for a number of months, seems to be less bullish one the $147.91 billion market cap company. The stock increased 0.39% or $0.14 during the last trading session, reaching $36.47. About 2.97M shares traded or 12.89% up from the average. HSBC Holdings plc (NYSE:HSBC) has declined 16.63% since December 4, 2018 and is downtrending. It has underperformed by 16.63% the S&P500.
Segantii Capital Management Ltd, which manages about $1.13B US Long portfolio, upped its stake in Bhp Group Ltd (NYSE:BHP) by 992,659 shares to 1.28 million shares, valued at $73.63M in 2019Q2, according to the filing. It also increased its holding in Zai Lab Ltd by 885,888 shares in the quarter, for a total of 3.29M shares, and has risen its stake in Ctrip (NASDAQ:CTRP).
Analysts await HSBC Holdings plc (NYSE:HSBC) to report earnings on February, 18. They expect $0.95 earnings per share, up 137.50 % or $0.55 from last year’s $0.4 per share. HSBC’s profit will be $3.85B for 9.60 P/E if the $0.95 EPS becomes a reality. After $0.75 actual earnings per share reported by HSBC Holdings plc for the previous quarter, Wall Street now forecasts 26.67 % EPS growth.
More notable recent HSBC Holdings plc (NYSE:HSBC) news were published by: Seekingalpha.com which released: “HSBC cashes in some chips on Rockwell Automation – Seeking Alpha” on November 19, 2019, also Forbes.com with their article: “Why Have Shrinking Net Interest Margins Not Dragged Down HSBCâ€™s Revenues? – Forbes” published on November 13, 2019, Seekingalpha.com published: “HSBC ready to replace investing bank chief – FT – Seeking Alpha” on November 20, 2019. More interesting news about HSBC Holdings plc (NYSE:HSBC) were released by: Seekingalpha.com and their article: “HSBC cuts U.S. telecoms in shifting environment – Seeking Alpha” published on November 14, 2019 as well as Seekingalpha.com‘s news article titled: “HSBC: Elevated Risks And Targets Not Met – Seeking Alpha” with publication date: November 17, 2019.
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