Market News

Micron Technology (MU) Shareholder Zweig-Dimenna Associates Has Lowered Holding as Stock Price Rose; Kerrisdale Advisers Continues to Hold Stake in Luxoft Hldg (LXFT)

Sahm Adrangi increased its stake in Luxoft Hldg Inc (LXFT) by 7.88% based on its latest 2017Q2 regulatory filing with the SEC. Kerrisdale Advisers Llc bought 22,392 shares as the company’s stock rose 16.10% with the market. The hedge fund run by Sahm Adrangi held 306,481 shares of the technology company at the end of 2017Q2, valued at $18.65 million, up from 284,089 at the end of the previous reported quarter. Kerrisdale Advisers Llc who had been investing in Luxoft Hldg Inc for a number of months, seems to be bullish on the $1.83 billion market cap company. The stock increased 2.06% or $1.1 during the last trading session, reaching $54.6. About 150,741 shares traded. Luxoft Holding, Inc. (NYSE:LXFT) has risen 10.58% since December 17, 2016 and is uptrending. It has underperformed by 6.12% the S&P500.

Joe Dimenna decreased its stake in Micron Technology Inc (MU) by 34.51% based on its latest 2017Q2 regulatory filing with the SEC. Zweig-Dimenna Associates Llc sold 219,296 shares as the company’s stock rose 19.14% with the market. The hedge fund run by Joe Dimenna held 416,210 shares of the technology company at the end of 2017Q2, valued at $12.43M, down from 635,506 at the end of the previous reported quarter. Zweig-Dimenna Associates Llc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $49.05B market cap company. The stock increased 1.14% or $0.48 during the last trading session, reaching $42.53. About 14.32M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since December 17, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on December, 20. They expect $2.12 EPS, up 657.14% or $1.84 from last year’s $0.28 per share. MU’s profit will be $2.44 billion for 5.02 P/E if the $2.12 EPS becomes a reality. After $1.99 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 6.53% EPS growth.

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.03, from 1.05 in 2017Q1. It is positive, as 63 investors sold MU shares while 217 reduced holdings. 85 funds opened positions while 218 raised stakes. 832.79 million shares or 1.90% less from 848.93 million shares in 2017Q1 were reported. World Asset accumulated 0.11% or 102,394 shares. Us Comml Bank De holds 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 35,376 shares. Dsam (London) Ltd reported 532,243 shares. 1St reported 0.13% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). 302,815 were accumulated by Aberdeen Asset Public Ltd Co Uk. 683 Cap Mgmt Ltd Llc holds 380,000 shares or 1.67% of its portfolio. Moreover, Ngam Advisors LP has 0.05% invested in Micron Technology, Inc. (NASDAQ:MU). Ontario Teachers Pension Plan Board holds 848,606 shares or 0.31% of its portfolio. State Street holds 0.11% or 41.56M shares in its portfolio. Greenlight Cap reported 2.65 million shares. State Treasurer State Of Michigan has 0.08% invested in Micron Technology, Inc. (NASDAQ:MU). 7,272 are owned by Natl Asset Mngmt Inc. Sumitomo Life Insur Communication stated it has 0.17% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Consolidated Inv Group Ltd Llc invested 2.93% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Texas-based Bridgeway Cap Mngmt has invested 0.57% in Micron Technology, Inc. (NASDAQ:MU).

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Micron Technology Inc. had 194 analyst reports since July 29, 2015 according to SRatingsIntel. Standpoint Research downgraded Micron Technology, Inc. (NASDAQ:MU) on Tuesday, November 28 to “Hold” rating. The rating was maintained by Cowen & Co on Wednesday, February 1 with “Outperform”. Needham downgraded Micron Technology, Inc. (NASDAQ:MU) on Wednesday, October 21 to “Hold” rating. Mizuho maintained the shares of MU in report on Monday, August 22 with “Buy” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Overweight” rating by Morgan Stanley on Thursday, December 17. M Partners upgraded the shares of MU in report on Tuesday, September 8 to “Buy” rating. Brean Capital initiated Micron Technology, Inc. (NASDAQ:MU) rating on Friday, April 15. Brean Capital has “Buy” rating and $14 target. J.P. Morgan maintained Micron Technology, Inc. (NASDAQ:MU) on Tuesday, May 30 with “Buy” rating. The stock has “Hold” rating by Drexel Hamilton on Friday, August 7. The firm earned “Buy” rating on Wednesday, October 11 by Summit Redstone Partners.

Zweig-Dimenna Associates Llc, which manages about $1.59B and $1.37B US Long portfolio, upped its stake in Intercontinental Exchange In (NYSE:ICE) by 62,858 shares to 221,488 shares, valued at $14.60M in 2017Q2, according to the filing. It also increased its holding in Alphabet Inc by 3,075 shares in the quarter, for a total of 17,692 shares, and has risen its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

Since August 1, 2017, it had 0 buys, and 13 selling transactions for $12.58 million activity. ARNZEN APRIL S sold $10,507 worth of stock or 327 shares. Deboer Scott J sold $340,000 worth of Micron Technology, Inc. (NASDAQ:MU) on Tuesday, September 12. 25,000 Micron Technology, Inc. (NASDAQ:MU) shares with value of $765,485 were sold by Mondry Lawrence N. Thorsen Steven L. JR also sold $4.53M worth of Micron Technology, Inc. (NASDAQ:MU) on Friday, September 29. Poppen Joel L sold $3.09M worth of Micron Technology, Inc. (NASDAQ:MU) on Friday, September 29.

Kerrisdale Advisers Llc, which manages about $371.12M and $108.67 million US Long portfolio, decreased its stake in Gigamon Inc (NYSE:GIMO) by 89,311 shares to 462,989 shares, valued at $18.22M in 2017Q2, according to the filing. It also reduced its holding in Jones Lang Lasalle Inc (NYSE:JLL) by 70,000 shares in the quarter, leaving it with 40,433 shares, and cut its stake in Total Sys Svcs Inc (NYSE:TSS).

Among 11 analysts covering Luxoft Holding (NYSE:LXFT), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Luxoft Holding had 33 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, September 9 by Monness Crespi & Hardt. On Thursday, September 28 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Buy” rating given on Tuesday, July 28 by UBS. The firm has “Neutral” rating by UBS given on Tuesday, August 16. UBS maintained Luxoft Holding, Inc. (NYSE:LXFT) on Monday, November 20 with “Neutral” rating. The rating was downgraded by Wedbush on Friday, August 11 to “Hold”. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Tuesday, December 5. The stock has “Buy” rating by Cowen & Co on Friday, August 11. Cowen & Co initiated Luxoft Holding, Inc. (NYSE:LXFT) rating on Friday, February 19. Cowen & Co has “Market Perform” rating and $60 target. The stock has “Sell” rating by Credit Suisse on Thursday, September 7.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *