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

May 17, 2018 - By Clyde Turner

Tiffany & Co. (NYSE:TIF) Corporate Logo

In 2018Q1 SEC form 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 priced at $73.25 million. It’s down from 1.00M at the end of the previous reported quarter. Now it had 750,000 shares held by the hedge fund run by Shane Finemore. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

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

In total 15 analysts cover Tiffany & Co (NYSE:TIF). “Buy” rating has 8, “Sell” are 0, while 7 are “Hold”. 53% are bullish. With $125.0 highest and $94 lowest target Tiffany & Co has $107.54 average target or 3.35% above the current ($104.05) price. 20 are the (NYSE:TIF)’s analyst reports since November 21, 2017 according to StockzIntelligence Inc. On Monday, December 18 the company was initiated by J.P. Morgan. On Wednesday, January 17 the firm has “Hold” rating by Wells Fargo given. On Wednesday, January 17 the stock of Tiffany & Co. (NYSE:TIF) has “Buy” rating given by Cowen & Co. The company rating was maintained by Wells Fargo on Thursday, January 11. On Wednesday, January 17 the stock has “Buy” rating by Guggenheim. On Tuesday, November 21 the firm has “Hold” rating given by KeyBanc Capital Markets. The company rating was downgraded by SBG Securities on Thursday, November 30. On Thursday, April 5 Loop Capital upgraded Tiffany & Co. (NYSE:TIF) to “Buy” rating. On Friday, December 1 the stock of Tiffany & Co. (NYSE:TIF) earned “Overweight” rating by KeyBanc Capital Markets. The stock rating was maintained by Oppenheimer with “Buy” on Friday, May 4.

Tiffany & Co., through its subsidiaries, designs, makes, and retails jewelry and other items worldwide.The firm is valued at $12.96 billion. The Company’s jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry.35.15 is the P/E ratio. 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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