Crypto Hedge Fund Polychain Capital Saw Assets Under Management Drop 40% In Q4 2018

… include backing stablecoin plans from blockchain payments startup Celo in April (together with crypto venture capital firm Andreessen Horowitz), …

Cryptocurrency hedge fund Polychain Capital saw its assets under management (AUM) shrink from an erstwhile $1 billion high to $591.5 million in Q4 2018. The news was reported on by the Wall Street Journal on April 11.

The WSJ’s sources attributed the steep decline to a drop in the value of the fund’s holdings amid a protracted crypto bear market, “rather than […] redemptions by investors.”

Whereas the hedge fund saw a roughly 40 percent drop in the value of its AUM from April through December 2018, total market capitalization of all cryptocurrencies dropped just over 50 percent over the same time frame, according to CoinMarketCap data.

San Francisco-headquartered Polychain Capital joined the crypto hedge fund space in 2016.

The fund’s recent investments include backing stablecoin plans from blockchain payments startup Celo in April (together with crypto venture capital firm Andreessen Horowitz), and physically delivered crypto futures exchange Coinflex in March — alongside another high-profile crypto VC firm, Digital Currency Group.

As previously reported, an analysis at the start of this year indicated that in the wake of the 2018 crypto market slump, the launch of new crypto venture funds for the first time exceeded that of new hedge funds in the space.

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Columbia Sportswear (COLM) Holdings Trimmed by Millennium Management LLC

AQR Capital Management LLC grew its position in shares of Columbia Sportswear by 383.5% during the 3rd quarter. AQR Capital Management LLC …

Columbia Sportswear logoMillennium Management LLC decreased its holdings in Columbia Sportswear (NASDAQ:COLM) by 47.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,586 shares of the textile maker’s stock after selling 85,149 shares during the period. Millennium Management LLC owned about 0.14% of Columbia Sportswear worth $8,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of Columbia Sportswear during the 3rd quarter worth $25,380,000. AQR Capital Management LLC grew its position in shares of Columbia Sportswear by 383.5% during the 3rd quarter. AQR Capital Management LLC now owns 200,189 shares of the textile maker’s stock worth $18,631,000 after buying an additional 158,787 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Columbia Sportswear during the 4th quarter worth $11,213,000. Two Sigma Investments LP grew its position in shares of Columbia Sportswear by 103.9% during the 4th quarter. Two Sigma Investments LP now owns 250,073 shares of the textile maker’s stock worth $21,029,000 after buying an additional 127,407 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Columbia Sportswear by 76.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 279,575 shares of the textile maker’s stock worth $26,020,000 after buying an additional 121,216 shares in the last quarter. Institutional investors and hedge funds own 38.00% of the company’s stock.

Shares of COLM stock opened at $102.53 on Thursday. Columbia Sportswear has a 1-year low of $78.82 and a 1-year high of $109.74. The stock has a market cap of $6.95 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.11 and a beta of 0.68.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.41. Columbia Sportswear had a return on equity of 16.79% and a net margin of 9.57%. The company had revenue of $917.60 million for the quarter, compared to the consensus estimate of $859.06 million. During the same quarter last year, the company earned $1.31 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities analysts expect that Columbia Sportswear will post 4.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Thursday, March 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Wednesday, March 6th. Columbia Sportswear’s payout ratio is currently 23.94%.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Macquarie set a $118.00 price target on Columbia Sportswear and gave the stock a “buy” rating in a research report on Friday, February 8th. Robert W. Baird increased their price target on Columbia Sportswear from $95.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 8th. Canaccord Genuity reissued a “hold” rating and set a $104.00 price target (up previously from $93.00) on shares of Columbia Sportswear in a research report on Friday, February 8th. Finally, BidaskClub downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $106.53.

In other Columbia Sportswear news, EVP Joseph P. Boyle sold 566 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $106.00, for a total value of $59,996.00. Following the completion of the sale, the executive vice president now owns 2,301,492 shares of the company’s stock, valued at $243,958,152. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Franco Fogliato sold 8,893 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $107.60, for a total value of $956,886.80. Following the completion of the sale, the executive vice president now directly owns 16,944 shares of the company’s stock, valued at approximately $1,823,174.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,535 shares of company stock worth $8,929,236. 56.68% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Columbia Sportswear (COLM) Holdings Trimmed by Millennium Management LLC” was reported by Fairfield Current and is owned by of Fairfield Current. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.fairfieldcurrent.com/news/2019/04/11/columbia-sportswear-colm-holdings-trimmed-by-millennium-management-llc.html.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

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Millennium Management LLC Has $7.96 Million Holdings in Live Nation Entertainment, Inc. (LYV)

Millennium Management LLC cut its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 24.7% in the 4th quarter, according to the …

Live Nation Entertainment logoMillennium Management LLC cut its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 24.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 161,617 shares of the company’s stock after selling 52,918 shares during the period. Millennium Management LLC owned approximately 0.08% of Live Nation Entertainment worth $7,960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in shares of Live Nation Entertainment by 6,602.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,565,158 shares of the company’s stock worth $72,000 after buying an additional 3,511,969 shares in the last quarter. Select Equity Group L.P. raised its stake in shares of Live Nation Entertainment by 50.6% during the 3rd quarter. Select Equity Group L.P. now owns 6,720,593 shares of the company’s stock worth $366,071,000 after buying an additional 2,258,400 shares in the last quarter. Findlay Park Partners LLP raised its stake in shares of Live Nation Entertainment by 56.8% during the 4th quarter. Findlay Park Partners LLP now owns 5,077,885 shares of the company’s stock worth $250,086,000 after buying an additional 1,838,753 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Live Nation Entertainment by 15.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 10,823,188 shares of the company’s stock worth $532,997,000 after buying an additional 1,456,888 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Live Nation Entertainment by 3.9% during the 4th quarter. BlackRock Inc. now owns 14,273,694 shares of the company’s stock worth $702,980,000 after buying an additional 531,854 shares in the last quarter. 69.06% of the stock is owned by hedge funds and other institutional investors.

LYV has been the subject of several research analyst reports. Citigroup downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating and raised their price objective for the company from $59.00 to $63.00 in a research note on Friday, March 15th. They noted that the move was a valuation call. Zacks Investment Research downgraded Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Stephens raised their price objective on Live Nation Entertainment to $70.00 and gave the company an “overweight” rating in a research note on Friday, March 29th. Finally, ValuEngine downgraded Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $59.61.

NYSE LYV opened at $64.60 on Thursday. Live Nation Entertainment, Inc. has a 1-year low of $37.69 and a 1-year high of $65.18. The company has a market capitalization of $13.62 billion, a P/E ratio of -717.78 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.04.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, February 28th. The company reported ($0.82) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.08). Live Nation Entertainment had a net margin of 0.40% and a return on equity of 3.04%. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.35 billion. On average, equities research analysts expect that Live Nation Entertainment, Inc. will post 0.44 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Millennium Management LLC Has $7.96 Million Holdings in Live Nation Entertainment, Inc. (LYV)” was first posted by XNewsPress and is the property of of XNewsPress. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://xnewspress.com/news/2019/04/11/millennium-management-llc-has-7-96-million-holdings-in-live-nation-entertainment-inc-lyv.html.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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Azul SA (AZUL) Position Raised by Millennium Management LLC

Millennium Management LLC boosted its stake in Azul SA (NYSE:AZUL) by 80.2% during the fourth quarter, according to its most recent Form 13F …

Azul logoMillennium Management LLC boosted its stake in Azul SA (NYSE:AZUL) by 80.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,950 shares of the company’s stock after purchasing an additional 125,953 shares during the quarter. Millennium Management LLC owned about 0.09% of Azul worth $7,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. raised its stake in shares of Azul by 157.2% during the fourth quarter. Macquarie Group Ltd. now owns 282,354 shares of the company’s stock worth $7,818,000 after acquiring an additional 172,558 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new position in shares of Azul during the fourth quarter worth approximately $13,872,000. Lord Abbett & CO. LLC purchased a new position in shares of Azul during the fourth quarter worth approximately $4,513,000. WCM Investment Management LLC purchased a new position in shares of Azul during the fourth quarter worth approximately $2,195,000. Finally, Pasadena Private Wealth LLC purchased a new position in shares of Azul during the fourth quarter worth approximately $288,000. 7.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Azul stock opened at $28.10 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.07. Azul SA has a 52-week low of $15.53 and a 52-week high of $34.09. The company has a market capitalization of $8.94 billion, a PE ratio of 17.67 and a beta of -0.65.

Azul (NYSE:AZUL) last issued its earnings results on Thursday, March 14th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). Azul had a return on equity of 14.15% and a net margin of 4.70%. The firm had revenue of $651.43 million during the quarter, compared to the consensus estimate of $692.03 million. As a group, analysts predict that Azul SA will post 2.27 EPS for the current year.

Several research analysts have commented on the stock. Zacks Investment Research reissued a “strong-buy” rating and set a $30.00 price target on shares of Azul in a research note on Monday, December 31st. Buckingham Research raised their target price on shares of Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. UBS Group cut shares of Azul from a “buy” rating to a “neutral” rating in a report on Thursday, January 17th. Finally, Morgan Stanley upgraded shares of Azul from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.02.

COPYRIGHT VIOLATION WARNING: “Azul SA (AZUL) Position Raised by Millennium Management LLC” was originally posted by Fairfield Current and is the property of of Fairfield Current. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.fairfieldcurrent.com/news/2019/04/11/azul-sa-azul-position-raised-by-millennium-management-llc.html.

Azul Company Profile

Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.

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Institutional Ownership by Quarter for Azul (NYSE:AZUL)

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Millennium Management LLC Sells 610471 Shares of Herbalife Nutrition Ltd (HLF)

Millennium Management LLC reduced its holdings in Herbalife Nutrition Ltd (NYSE:HLF) by 81.4% during the 4th quarter, according to the company in …

Herbalife Nutrition logoMillennium Management LLC reduced its holdings in Herbalife Nutrition Ltd (NYSE:HLF) by 81.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,058 shares of the company’s stock after selling 610,471 shares during the quarter. Millennium Management LLC owned 0.09% of Herbalife Nutrition worth $8,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Herbalife Nutrition by 6.5% in the third quarter. Wells Fargo & Company MN now owns 76,896 shares of the company’s stock worth $4,195,000 after purchasing an additional 4,717 shares during the last quarter. JPMorgan Chase & Co. increased its position in Herbalife Nutrition by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 1,670,859 shares of the company’s stock valued at $91,145,000 after acquiring an additional 414,819 shares during the last quarter. Bank of New York Mellon Corp increased its position in Herbalife Nutrition by 35.5% during the third quarter. Bank of New York Mellon Corp now owns 596,122 shares of the company’s stock valued at $32,517,000 after acquiring an additional 156,181 shares during the last quarter. BlackRock Inc. increased its position in Herbalife Nutrition by 3.4% during the third quarter. BlackRock Inc. now owns 5,698,507 shares of the company’s stock valued at $310,854,000 after acquiring an additional 188,790 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Herbalife Nutrition during the third quarter valued at $1,150,000. Hedge funds and other institutional investors own 93.98% of the company’s stock.

A number of research analysts have weighed in on the stock. ValuEngine cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Argus cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and set a $65.00 price objective on shares of Herbalife Nutrition in a research report on Tuesday, February 26th. Pivotal Research reiterated a “buy” rating and set a $70.00 price objective on shares of Herbalife Nutrition in a research report on Tuesday, February 19th. Finally, BMO Capital Markets reiterated a “neutral” rating on shares of Herbalife Nutrition in a research report on Thursday, February 28th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.50.

HLF stock opened at $53.53 on Thursday. Herbalife Nutrition Ltd has a twelve month low of $48.15 and a twelve month high of $61.77. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.06 and a beta of 0.32.

Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Tuesday, February 19th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife Nutrition had a net margin of 6.06% and a negative return on equity of 67.86%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. On average, equities research analysts expect that Herbalife Nutrition Ltd will post 2.9 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was originally published by Fairfield Current and is the property of of Fairfield Current. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.fairfieldcurrent.com/news/2019/04/11/millennium-management-llc-sells-610471-shares-of-herbalife-nutrition-ltd-hlf.html.

Herbalife Nutrition Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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