Jet Capital Investors LP Raised Media Gen New (MEG) Position, European Equity Fund (EEA) Shorts Up By 413.95%

June 19, 2017 - By marketbeat

Jet Capital Investors LP increased Media Gen Inc New (MEG) stake by 14.71% reported in 2016Q4 SEC filing. Jet Capital Investors LP acquired 707,461 shares as Media Gen Inc New (MEG)’s stock 0.00%. The Jet Capital Investors LP holds 5.52M shares with $103.88 million value, up from 4.81M last quarter. Media Gen Inc New now has $ valuation. It is 0.00% or $0 reaching $0 per share. It is down 0.00% since June 19, 2016 and is . It has underperformed by 16.70% the S&P500.

European Equity Fund (NYSE:EEA) had an increase of 413.95% in short interest. EEA’s SI was 22,100 shares in June as released by FINRA. Its up 413.95% from 4,300 shares previously. With 18,700 avg volume, 1 days are for European Equity Fund (NYSE:EEA)’s short sellers to cover EEA’s short positions. About 2,406 shares traded. European Equity Fund Inc (NYSE:EEA) has risen 17.31% since June 19, 2016 and is uptrending. It has outperformed by 0.61% the S&P500.

The European Equity Fund, Inc. is a non-diversified, closed-end management investment company. The company has market cap of $75.14 million. The Fund’s objective is to seek long-term capital appreciation primarily through investment in European equities. It currently has negative earnings. It primarily focuses its investments in equity securities of issuers domiciled in countries that are members of the European Union, thereby increasing its vulnerability to developments in that region.

Investors sentiment decreased to 0.69 in 2016 Q4. Its down 0.69, from 1.38 in 2016Q3. It turned negative, as 5 investors sold European Equity Fund Inc shares while 8 reduced holdings. 5 funds opened positions while 4 raised stakes. 3.31 million shares or 6.83% less from 3.56 million shares in 2016Q3 were reported. Focused Wealth Mngmt has invested 0% in European Equity Fund Inc (NYSE:EEA). Delta Asset Mngmt Lc Tn owns 0% invested in European Equity Fund Inc (NYSE:EEA) for 562 shares. Blue Bell Private Wealth Management Lc invested in 34,279 shares. Karpus holds 0.25% in European Equity Fund Inc (NYSE:EEA) or 559,301 shares. S&Co reported 10,880 shares. Bancorp Of America De invested in 0% or 1,740 shares. Moreover, Creative Planning has 0% invested in European Equity Fund Inc (NYSE:EEA). Citigroup holds 69,064 shares. Thomas J Herzfeld Advsrs Incorporated stated it has 0.03% of its portfolio in European Equity Fund Inc (NYSE:EEA). 1607 Cap Prns Ltd Co invested in 1.47M shares. Saba Cap Management L P holds 0.04% or 45,222 shares. Moreover, Morgan Stanley has 0% invested in European Equity Fund Inc (NYSE:EEA). Community Natl Bank Na reported 406 shares or 0% of all its holdings. Wells Fargo And Mn owns 511,628 shares or 0% of their US portfolio. City Of London Management reported 28,396 shares or 0.02% of all its holdings.

Among 4 analysts covering Media General (NYSE:MEG), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Media General had 7 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Media General, Inc. (NYSE:MEG) has “Hold” rating given on Friday, January 8 by Gabelli. The rating was maintained by Benchmark with “Buy” on Friday, November 6. The stock of Media General, Inc. (NYSE:MEG) earned “Equal-Weight” rating by Stephens on Wednesday, November 18. The firm has “Neutral” rating by Wedbush given on Monday, October 12.

Jet Capital Investors LP decreased Liberty Tripadvisor Hldgs In (NASDAQ:LTRPA) stake by 53,600 shares to 860,856 valued at $12.96M in 2016Q4. It also reduced Cit Group Inc (NYSE:CIT) stake by 1.15 million shares and now owns 772,000 shares. Ball Corp (NYSE:BLL) was reduced too.

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