Among the largest movers in the red today early morning were Mobileye NV (NYSE:MBLY), falling by 4.7%, Peabody Energy Corporation (NYSE:BTU) sliding by more than 12%, and American Midstream Partners LP (NYSE:AMID), which cratered by nearly 16% at the time of writing.
This is the second day that Mobileye NV (NYSE:MBLY) is struggling after the short seller Criterion Research set a short term price target of $25 on the developer of technologies for camera-based advanced driver assistance systems (ADAS). Currently the stock is trading at $46. The analysts believe that the company is riding on the hype of the self-driving car, which still needs a lot of time for perfection. As far as hedge fund sentiment around Mobileye NV (NYSE:MBLY) is concerned, it is significantly positive. Among the hedge funds that we track, a total of 39 had an aggregate investment of $633.09 million at the end of June as compared to 35 firms with $452.31 million at the end of the March. Israel Englander‘s Millennium Management is one of the prominent stockholders of Mobileye NV (NYSE:MBLY) holding some 1.04 million shares valued at $55.43 million.
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Peabody Energy Corporation (NYSE:BTU), on the other hand received an unfavorable court ruling as a federal appeals court decided to go on with Obama administration’s new clean air standards for power plants, which are aimed at cutting the nationwide emissions by 32% by 2030. Earlier, Peabody Energy Corporation (NYSE:BTU) along with 15 other states had tried to temporarily block this plan.As for Peabody Energy Corporation (NYSE:BTU) professional money managers have been pouring in the company despite the fact that its stock price depreciated by more than 62% during the second quarter.
So far this year it is down by nearly 77%. A total of 27 hedge funds had investments worth $142.06 million in Peabody Energy Corporation (NYSE:BTU) at the end of June as compared to 19 firms with $225.96 million at the start of the quarter. Dimitry Balyasnys Balyasny Asset Management is the largest stockholder of the company within our database even though it cut its stake in Peabody Energy Corporation (NYSE:BTU) by 33% during the second trimester to 18.4 million shares valued at $40.30 million. On his heels is David Iben‘s Kopernik Global Investors, which holds 14.15 million shares valued at $30.99 million after a 53% hike in the holding during the June quarter.
American Midstream Partners LP (NYSE:AMID) recently announced that it has priced a new public offering of 7.5 million common units $11.31 per common unit. In a press release the company stated that the proceeds are supposed to partially fund the purchase of an equity interest in Delaware limited liability company that is going to indirectly own a portion of the Delta House floating production system and related pipeline infrastructure. In case the deal doesn’t materialize the proceeds will be used to retire some of the company’s debt. American Midstream Partners LP (NYSE:AMID)’s largest stockholder among the company’s stockholders that we track, is Michael Price‘s MFP Partners owning 56,600 shares valued at $910,000.
Disclosure: None
