Morgans Hotel Group Co.
MHGC
MHGC was delisted on the 30th of November, 2016.
64 hedge funds and large institutions have $19.9M invested in Morgans Hotel Group Co. in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 12 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 71 → 64 (-7)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
63% less capital invested
Capital invested by funds: $54.3M → $19.9M (-$34.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
+$615K |
| 2 |
Renaissance Technologies
New York
|
+$213K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$183K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$171K |
| 5 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.2M |
| 2 |
PAAMCP
Pacific Alternative Asset Management Company (PAAMCO)
Irvine,
California
|
-$1.58M |
| 3 |
GI
Greenwood Investments
Boston,
Massachusetts
|
-$870K |
| 4 |
KA
Kerrisdale Advisers
Miami,
Florida
|
-$469K |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$365K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$5 | +3 | +4% |
|
MHGC Hedge Fund Activity: Q1 2016 in Review
64 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Morgans Hotel Group Co. (MHGC) for Q1 2016, worth a combined $19.9M — down 63% from $54.3M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of MHGC and 5 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 21 added.
The largest buyer was First Eagle Investment Management, adding an estimated $615K. The largest seller was Ameriprise, exiting entirely with an estimated $3.2M sold.
- 64 institutional investors held Morgans Hotel Group Co. (MHGC) as of Q1 2016, down from 71 in Q4 2015.
- Funds reported $19.9M of Morgans Hotel Group Co. stock for Q1 2016, down 63% quarter-over-quarter.
- 5 funds opened new Morgans Hotel Group Co. positions in Q1 2016 and 12 closed out, a net change of -7 holders.
- The largest Morgans Hotel Group Co. buyer in Q1 2016 was First Eagle Investment Management, an estimated $615K added.
- The largest Morgans Hotel Group Co. seller in Q1 2016 was Ameriprise, an estimated $3.2M sold.
Based on aggregated 13F filings for Q1 2016.