Manikay Partners Llc Trimmed Tiffany & Co New (NYSE:TIF) Position as Price Declined

May 17, 2018 - By Andrea Pope

Tiffany & Co. (NYSE:TIF) Corporate Logo

In 2018Q1 SEC filling is reported Shane Finemore’s holdings in Tiffany & Co New (NYSE:TIF) which was decreased by 25%. The company’s stock declined 6.13% with the market as Manikay Partners Llc sold 250,000 shares. The consumer specialties company at the end of 2018Q1 was valued at $73.25M. It’s down from 1.00 million at the end of the previous reported quarter. Now it had 750,000 shares held by the hedge fund run by Shane Finemore. Manikay Partners Llc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Shane Finemore’s Manikay Partners is a New York-placed support investments with an emphasis on sharp exchanging and arbitrage. Manikay Partners Llc is a New York-based hedge fund that was founded by Shane Finemore. It had more than $2.01 billion assets under management in March, 2014. Taken from Manikay Partners latest Adv, the fund reported to have 17 full and part-time employees. Among which 13 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Total analysts of 15 have positions in Tiffany & Co (NYSE:TIF) as follows: 8 rated it a “Buy”, 0 with “Sell” and 7 with “Hold”. The positive are 53%. The firm has $125.0 highest while $94 is the lowest target price. The average target $107.54 is 3.35% above the last ($104.05) price. Since November 21, 2017 according to StockzIntelligence Inc Tiffany & Co has 20 analyst reports. On Thursday, November 30 the rating was downgraded by SBG Securities to “Hold”. On Wednesday, January 17 Jefferies maintained the shares of TIF in report with “Buy” rating. On Thursday, November 30 the rating was maintained by Cowen & Co with “Buy”. On Friday, December 1 the stock has “Overweight” rating by KeyBanc Capital Markets. The stock rating was maintained by Oppenheimer with “Buy” on Friday, May 4. The company rating was upgraded by Loop Capital on Thursday, April 5. On Thursday, December 14 the stock of Tiffany & Co. (NYSE:TIF) earned “Buy” rating by Citigroup. On Thursday, January 11 the stock of Tiffany & Co. (NYSE:TIF) earned “Hold” rating by Wells Fargo. The company rating was maintained by KeyBanc Capital Markets on Tuesday, November 21. On Wednesday, January 17 the stock of Tiffany & Co. (NYSE:TIF) earned “Hold” rating by Wells Fargo.

Tiffany & Co., through its subsidiaries, designs, makes, and retails jewelry and other items worldwide.The company has $12.96 billion market cap. The Company’s jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry.The P/E ratio is 35.15. The firm also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories.

Tiffany & Co. (NYSE:TIF) Analyst Ratings Chart

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