After Monster Q1, Hal Mintz’s Stock Picks Have Another Strong Quarter

Sabby Management purchased a 226,080-share stake in Mobileye N.V. (NYSE:MBLY), which was valued at $9.50 million on March 31. The shares of Mobileye, a technology company that develops and markets vision-based advanced driver assistance systems, providing warnings for collision prevention and mitigation, have increased by almost 49% year-to-date to slightly over $60 a share, and by more than 31% in the second quarter. However, the stock might keep rising according to Deutsche Bank analyst, Rod Lache, who raised the price target for Mobileye to $72 from $55 recently, and asserted his confidence in the company’s future outlook. To be more detailed, Rod Lache claimed that the company will most likely achieve higher penetration for its Forward Crash Avoidance and Mitigation Systems than previously estimated. In addition to that, the company’s management anticipates that Mobileye’s market share will not decline to 50% over the next five years. James Dinan’s York Capital Management is among the most notable investors in Mobileye N.V. (NYSE:MBLY), owning a stake of 1.63 million shares.

Another interesting move completed by Sabby Management was the sell-off of part of its stake in InterOil Corporation (NYSE:IOC). Precisely, Hal Mintz’s hedge fund reported selling 67,398 shares in the energy company, reducing its stake to 202,932 shares valued at $9.36 million. InterOil Corporation has been struggling lately, the same as most other energy companies, with its stock price declining by 10.33% since the beginning of the current year. However it did have a big second quarter for Mintz, returning over 30%. The company announced its financial results for the first quarter of 2015 on May 12, reporting a net loss of $21.87 million, compared to a net profit of $318.63 million reported in the same quarter a year ago. However, considering the fact that Steven Cohen’s Point72 Asset Management has recently reported a 6.3% ownership stake in InterOil Corporation (NYSE:IOC) of 3.10 million shares (see more details), it might be the case that the energy company will get back on track soon enough.

Disclosure: None