Hedge funds are known for their high-risk, high-return investment strategies. These funds are managed by professional investors who follow a specific plan to maximize returns and minimize risk.
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Hedge funds bought the following stocks in the past week.
Abercrombie & Fitch Co (ANF) – The company retails and sells clothing, footwear, accessories, and personal care products. It operates in two segments: Direct-to-Consumer (DTC) and Retail. The company has a market cap of $1.4 billion as of December 31, 2018.
Shares were bought by two hedge funds last week. Q2 hedge fund letters, conference, scoops, etc. Barclay Capital increased its stake in Macy’s Inc. (M) by 514.0% during the 3rd quarter. The stock decreased by 0.93% percent during the same period.
Barclay Capital now owns 3,957 shares of the company’s stock valued at $214,000 after buying an additional 2,437 shares in the last quarter. Priceline Group Inc (NASDAQ: PCLN) had its stock price decreased 7.50% during the same period.
The company now owns 539,637 shares of the company’s stock valued at $32,000 after buying an additional 6,256 shares in the last quarter. Barclay Capital’s holdings in Priceline were worth $1.05M at the end of the last quarter and $1M at the end of the previous quarter.
Priceline Holdings Inc. (NASDAQ: PARQ) ‘s shares were down 1.99% to $1.23 at the close on Thursday. PARQ has a 52-week low of $1.12 and a 52-week high of $2.59.The analyst rating’s current consensus rating on Priceline is “Buy,” with an average target price of $1.77.
Heavyweight Research assigned PARQ a “Hold” on Thursday, January 3. The company has a consensus rating of “Hold” and an average target price of $1.78 from eight analysts. The highest target price is $2; the lowest is $1.