Raji Khabbaz’s Silver Arrow Is Shorting These Stocks

It is not a secret that many of the commodity-engaged companies are living through tough times, and Nucor Corporation (NYSE:NUE), a steel manufacturer, is not an exception. Over the second quarter of 2015 the equity of this company has depreciated by 7.28%. Yet, on the positive side is that on July 23, Nucor Corporation (NYSE:NUE) beat analysts’ estimates for EPS, reporting $0.39 per share, or $0.13 higher than expected. However, the sales of the company were nonetheless down by a significant 17.6% on a year-over-year basis. Phill Gross And Robert Atchinson’s Adage Capital Management finished the first quarter of the year with 1.88 million shares of Nucor Corporation (NYSE:NUE) worth $89.17 million, after a 298% increase to the position.

The share price of Urban Outfitters Inc (NASDAQ:URBN) disappointed its investors (or at least those with long and not short positions) with a loss of 23.39% during the second quarter of 2015. Some analysts believe that the stock is traded at a very steep discount to its fair price, with the consensus mean target price now stands at some $40.59, offering around 17-18% of upside to the current price. Again, Ken Griffin’s Citadel Investment Group did not find any competition in the size of the position in this particular stock among the funds we track. The fund owned around 3.32 million shares of Urban Outfitters Inc (NASDAQ:URBN) with a market value of $151.67 million after the first three months of the year.

Lastly, computer and software giant Oracle Corporation (NYSE:ORCL) proved to be another shrewd short-selling move for Silver Arrow Partners, as it lost around 6.6% of its value. Its closely watched cloud service performance did not live up to expectations recently, since the company reported a 6% dollar sales loss on a year-over-year basis. Eagle Capital Management, headed by Boykin Curry, held 44.72 million shares of Oracle Corporation (NYSE:ORCL) valued at $1.93 billion.

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