Morgans Hotel Group Co.
MHGC
MHGC was delisted on the 30th of November, 2016.
57 hedge funds and large institutions have $21.9M invested in Morgans Hotel Group Co. in 2016 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 11 increasing their positions, 22 reducing their positions, and 23 closing their positions.
400% more call options, than puts
Call options by funds: $55K | Put options by funds: $11K
10% more capital invested
Capital invested by funds: $19.9M → $21.9M (+$2.01M)
11% less funds holding
Funds holding: 64 → 57 (-7)
30% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 23
50% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 22
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.79M |
| 2 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$958K |
| 3 |
Renaissance Technologies
New York
|
+$684K |
| 4 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$624K |
| 5 |
KAM
Kassirer Asset Management
Toronto,
Ontario, Canada
|
+$564K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Greenwood Investments
Boston,
Massachusetts
|
-$1.16M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.13M |
| 3 |
EVC
Eidelman Virant Capital
Saint Louis,
Missouri
|
-$1.06M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$854K |
| 5 |
State Street
Boston,
Massachusetts
|
-$804K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Legal & General Group
London,
United Kingdom
| – | -$7K | -5,482 | Closed |
|
77
Simplex Trading
Chicago,
Illinois
| – | -$3.34K | -1,776 | Closed |
|
|
FAM
78
Fred Alger Management
New York
| – | -$2K | -1,510 | Closed |
|
79
BlackRock
New York
| – | -$1K | -633 | Closed |
|
80
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$6 | -3 | -4% |
|
MHGC Hedge Fund Activity: Q2 2016 in Review
57 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Morgans Hotel Group Co. (MHGC) for Q2 2016, worth a combined $21.9M — up 10% from $19.9M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of MHGC and 16 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 11 added.
The largest buyer was Deutsche Bank, adding an estimated $1.79M. The largest seller was Greenwood Investments, cutting an estimated $1.16M.
- 57 institutional investors held Morgans Hotel Group Co. (MHGC) as of Q2 2016, down from 64 in Q1 2016.
- Funds reported $21.9M of Morgans Hotel Group Co. stock for Q2 2016, up 10% quarter-over-quarter.
- 16 funds opened new Morgans Hotel Group Co. positions in Q2 2016 and 23 closed out, a net change of -7 holders.
- The largest Morgans Hotel Group Co. buyer in Q2 2016 was Deutsche Bank, an estimated $1.79M added.
- The largest Morgans Hotel Group Co. seller in Q2 2016 was Greenwood Investments, an estimated $1.16M sold.
Based on aggregated 13F filings for Q2 2016.