Steven Cohen Opens Position in E-House (China) Holdings Limited (ADR) (EJ)

Steven Cohen and his hedge fund SAC Capital Advisors have initiates their exposure to E-House (China) Holdings Limited (ADR) (NYSE:EJ). In a new filing with the SEC, SAC Capital disclosed a holding that amasses over 7.55 million shares, equal to 5.6% of stock. The value of the securities amounts to $111.59 million, at the current share price of the company.

SAC CAPITAL ADVISORS

E-House (China) Holdings Limited (ADR) (NYSE:EJ), a leading real estate services company in China, announced, earlier in December, about its intention to offer up to $180 million in aggregate principal amount of convertible senior notes due 2018. The notes are convertible into  E-House’s American Depositary Shares, each note representing one ordinary share of E-House. The notes have been priced at $0.001 per share, which represent an initial conversion price of about $16.80 per one ADS.

Orbis Investment Management, run by William B. Gray, owns 10.83 million shares of the E-House (China) Holdings Limited (ADR) (NYSE:EJ), which are valued at $99.27 million. Another hedge fund, Platinum Asset Management, led by Kerr Neilson, has a stake of 5.99 million shares, worth $54.92 million; the fund has upped its stake in the company’s stock by 18% in the third quarter of 2013. Chuck Royce’s Royce & Associates also has a stake in the company, holding 2.17 million shares for a total value of $19.89 million.

Steven Cohen’s SAC Capital Advisors is a diversified hedge fund, it uses both fundamental and quantitative analysis-based approaches.

Recently, SAC Capital has boosted its position in Crocs, Inc. (NASDAQ:CROX), to 4.45 million shares from some 1.73 million held at the end of September. Earlier, in mid-December, the fund raised its exposure to Trulia Inc (NYSE:TRLA) to over 1.94 million shares from 66,300 shares.

Disclosure: none

Recommended Reading:

Trigran Investments Sells 1.0 Mln Shares of Scientific Learning Corporation (SCIL)

Broadwood Partners Is Bullish on BioTime, Inc. (BTX)

Luxor Capital Group Initiates 5.7% Stake in Northstar Realty Finance Corp. (NRF)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

The 20 Biggest Contracts in MLB History

The 7 Worst Blown Calls in Sports History

7 Free Ways to Advertise Your Business Online

The 18 Best R&B Songs of the 90’s

The 10 Most Dangerous States to be a Cop

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!