Credit Suisse Group (CS) Holder Masters Capital Management LLC Has Trimmed Position by $15.49 Million as Share Price Declined

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Masters Capital Management Llc decreased its stake in Credit Suisse Group (CS) by 41.32% based on its latest 2019Q2 regulatory filing with the SEC. Masters Capital Management Llc sold 1.41 million shares as the company’s stock declined 8.42% . The hedge fund held 2.00M shares of the investment bankers and brokers and service company at the end of 2019Q2, valued at $23.94 million, down from 3.41M at the end of the previous reported quarter. Masters Capital Management Llc who had been investing in Credit Suisse Group for a number of months, seems to be less bullish one the $32.79B market cap company. The stock increased 1.27% or $0.17 during the last trading session, reaching $13.15. About 2.18M shares traded. Credit Suisse Group AG (NYSE:CS) has declined 23.80% since September 13, 2018 and is downtrending. It has underperformed by 23.80% the S&P500.

Masters Capital Management Llc, which manages about $652.61M and $2.05 billion US Long portfolio, upped its stake in American Airls Group Inc (NASDAQ:AAL) by 140,000 shares to 1.00 million shares, valued at $32.61 million in 2019Q2, according to the filing. It also increased its holding in Marathon Pete Corp (Call) (NYSE:MPC) by 400,000 shares in the quarter, for a total of 700,000 shares, and has risen its stake in Tesla Inc (Call) (NASDAQ:TSLA).

More notable recent Credit Suisse Group AG (NYSE:CS) news were published by: Investorplace.com which released: “Credit Suisse Group AG (ADR) Earnings Show It Has Turned a Corner – Investorplace.com” on April 25, 2018, also Seekingalpha.com with their article: “Fed doesn’t object to all 18 banks’ capital plans – Seeking Alpha” published on June 27, 2019, Investorplace.com published: “6 Upcoming IPOs for July – Investorplace.com” on July 23, 2019. More interesting news about Credit Suisse Group AG (NYSE:CS) were released by: Forbes.com and their article: “Revenues For Credit Suisse’s Wealth Management Business Could Cross $10 Billion In Five Years – Forbes” published on June 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Dodge & Cox Comments on Credit Suisse – Yahoo Finance” with publication date: September 12, 2019.

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