As Credit Suisse Ag/Nassau (ZIV) Valuation Rose, Flow Traders Us Upped Its Holding; As Kate Spade & Co (KATE) Share Value Declined, Shareholder Berkley W R Upped Stake

October 7, 2017 - By Hazel Jackson

Berkley W R Corp increased its stake in Kate Spade & Co (KATE) by 557.14% based on its latest 2017Q2 regulatory filing with the SEC. Berkley W R Corp bought 134,828 shares as the company’s stock declined 20.53% while stock markets rallied. The institutional investor held 159,028 shares of the apparel company at the end of 2017Q2, valued at $2.94 million, up from 24,200 at the end of the previous reported quarter. Berkley W R Corp who had been investing in Kate Spade & Co for a number of months, seems to be bullish on the $2.38B market cap company. It closed at $18.49 lastly. It is down 15.69% since October 7, 2016 and is downtrending. It has underperformed by 32.39% the S&P500.

Flow Traders Us Llc increased its stake in Credit Suisse Ag/Nassau (ZIV) by 101.45% based on its latest 2017Q2 regulatory filing with the SEC. Flow Traders Us Llc bought 16,616 shares as the company’s stock rose 12.23% with the market. The institutional investor held 32,994 shares of the investment bankers and brokers and service company at the end of 2017Q2, valued at $2.32 million, up from 16,378 at the end of the previous reported quarter. Flow Traders Us Llc who had been investing in Credit Suisse Ag/Nassau for a number of months, seems to be bullish on the $180.08 million market cap company. The stock decreased 0.31% or $0.24 on October 6, reaching $77.28. About 53,944 shares traded. Credit Suisse AG – VelocityShares Daily Inverse VIX Medium Term ETN (NASDAQ:ZIV) has risen 65.76% since October 7, 2016 and is uptrending. It has outperformed by 49.06% the S&P500.

More notable recent Credit Suisse AG – VelocityShares Daily Inverse VIX Medium Term ETN (NASDAQ:ZIV) news were published by: Seekingalpha.com which released: “Beware The Sweet Siren Song Of XIV” on April 16, 2013, also Seekingalpha.com with their article: “Is XIV The Place To Be If Markets Stabilize And Volatility Declines?” published on September 17, 2015, Benzinga.com published: “What Is The VIX, And What Does It Do?” on August 10, 2017. More interesting news about Credit Suisse AG – VelocityShares Daily Inverse VIX Medium Term ETN (NASDAQ:ZIV) were released by: Prnewswire.com and their article: “Credit Suisse Announces the Listing Transfer of Twelve VelocitySharesâ„¢ ETNs …” published on November 19, 2013 as well as Seekingalpha.com‘s news article titled: “How Does VelocityShares Daily Inverse VIX Short-Term ETN Work?” with publication date: May 14, 2014.

Flow Traders Us Llc, which manages about $1.30 billion US Long portfolio, decreased its stake in Proshares Ultra Gold (UGL) by 22,592 shares to 17,321 shares, valued at $653,000 in 2017Q2, according to the filing. It also reduced its holding in Ishares Msci Acwi Ex Us Etf (ACWX) by 75,037 shares in the quarter, leaving it with 4,504 shares, and cut its stake in Ishares Msci Sweden Capped Etf (EWD).

More recent Kate Spade & Co (NYSE:KATE) news were published by: Reuters.com which released: “BRIEF-Coach to acquire Kate Spade & Co for $18.50 per share in cash” on May 08, 2017. Also Fool.com published the news titled: “Why Shares of Kate Spade & Co. Are Getting Hit Today” on April 04, 2017. Reuters.com‘s news article titled: “BRIEF-Coach says ‍craig Leavitt CEO of Kate Spade & Co will be leaving – SEC …” with publication date: July 27, 2017 was also an interesting one.

Among 17 analysts covering Kate Spade & Company (NYSE:KATE), 2 have Buy rating, 1 Sell and 14 Hold. Therefore 12% are positive. Kate Spade & Company had 26 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Citigroup to “Neutral” on Wednesday, March 22. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, January 25. As per Friday, January 22, the company rating was maintained by Mizuho. As per Tuesday, September 13, the company rating was upgraded by Wells Fargo. The firm has “Underperform” rating given on Friday, February 17 by CLSA. The stock has “Market Perform” rating by Wells Fargo on Tuesday, May 9. The rating was downgraded by Instinet to “Neutral” on Tuesday, May 9. The stock has “Outperform” rating by Wolfe Research on Wednesday, October 14. The stock of Kate Spade & Co (NYSE:KATE) has “Sector Weight” rating given on Tuesday, May 9 by KeyBanc Capital Markets. The firm earned “Peer Perform” rating on Thursday, November 24 by Wolfe Research.

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