Trending Stock News

Micron Technology (MU) Stock Rose While Capital Growth Management LP Lowered by $5.46 Million Its Holding; 1607 Capital Partners Holds Position in Sprott Focus Tr (FUND)

1607 Capital Partners Llc increased its stake in Sprott Focus Tr Inc (FUND) by 19.6% based on its latest 2017Q3 regulatory filing with the SEC. 1607 Capital Partners Llc bought 136,848 shares as the company’s stock rose 0.79% with the market. The institutional investor held 834,931 shares of the consumer services company at the end of 2017Q3, valued at $6.45 million, up from 698,083 at the end of the previous reported quarter. 1607 Capital Partners Llc who had been investing in Sprott Focus Tr Inc for a number of months, seems to be bullish on the $194.17M market cap company. The stock increased 0.50% or $0.04 during the last trading session, reaching $8.09. About 20,055 shares traded. Sprott Focus Trust, Inc. – Clos (NASDAQ:FUND) has risen 25.12% since February 19, 2017 and is uptrending. It has outperformed by 8.42% the S&P500.

Ken Heebner decreased its stake in Micron Technology Inc (MU) by 6.22% based on its latest 2017Q3 regulatory filing with the SEC. Capital Growth Management Lp sold 140,000 shares as the company’s stock rose 19.14% with the market. The hedge fund run by Ken Heebner held 2.11M shares of the technology company at the end of 2017Q3, valued at $82.99M, down from 2.25M at the end of the previous reported quarter. Capital Growth Management Lp who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $51.12 billion market cap company. The stock increased 1.63% or $0.71 during the last trading session, reaching $44.21. About 49.40M shares traded or 15.42% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 19, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Capital Growth Management Lp, which manages about $2.29B US Long portfolio, upped its stake in Applied Matls Inc (NASDAQ:AMAT) by 380,000 shares to 1.15M shares, valued at $59.90M in 2017Q3, according to the filing. It also increased its holding in Lennar Corp (NYSE:LEN) by 240,000 shares in the quarter, for a total of 1.09 million shares, and has risen its stake in Royal Caribbean Cruises Ltd (NYSE:RCL).

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 214 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup initiated the stock with “Buy” rating in Wednesday, December 7 report. The company was upgraded on Thursday, December 17 by Morgan Stanley. The company was downgraded on Wednesday, October 21 by Needham. The stock has “Neutral” rating by Macquarie Research on Thursday, March 31. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 5. The stock has “Neutral” rating by Mizuho on Tuesday, January 19. UBS maintained the shares of MU in report on Monday, March 21 with “Buy” rating. Credit Suisse maintained it with “Buy” rating and $4000 target in Thursday, June 29 report. The rating was maintained by Loop Capital on Thursday, September 21 with “Buy”. The firm has “Buy” rating given on Friday, December 23 by Argus Research.

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It increased, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. Hap Trading Limited Liability owns 91,106 shares or 0.17% of their US portfolio. Fmr Ltd Company has invested 0.15% in Micron Technology, Inc. (NASDAQ:MU). Tiedemann Wealth Mngmt Limited Liability Company, New York-based fund reported 17,605 shares. Commerzbank Aktiengesellschaft Fi stated it has 332,765 shares. Dnb Asset Mgmt As, Norway-based fund reported 2.52 million shares. 82,010 were accumulated by Cambridge Invest Advsr Incorporated. First Republic Inv Management Inc owns 11,960 shares for 0% of their portfolio. Central Asset Invs & (Hk) invested in 1.01 million shares. Raymond James And reported 0.03% stake. 188,499 were reported by Shelton Mngmt. Credit Suisse Ag stated it has 2.89M shares or 0.11% of all its holdings. Oakworth Cap holds 0.05% or 6,475 shares. Calamos Advsr Ltd reported 0.06% stake. Sei Invests Communication reported 0.22% in Micron Technology, Inc. (NASDAQ:MU). Engineers Gate Manager Lp reported 139,144 shares.

Since September 1, 2017, it had 0 buys, and 15 sales for $14.83 million activity. 50,000 shares were sold by Mondry Lawrence N, worth $2.17 million. 118,944 shares valued at $4.53M were sold by Thorsen Steven L. JR on Friday, September 29. 14,750 shares valued at $638,380 were sold by Deboer Scott J on Wednesday, February 7. $53,487 worth of stock was sold by ARNZEN APRIL S on Thursday, February 15. Poppen Joel L sold 80,000 shares worth $3.09 million.

1607 Capital Partners Llc, which manages about $2.83 billion and $1.76 billion US Long portfolio, decreased its stake in Morgan Stanley Asia Pac Fd I (APF) by 27,782 shares to 1.22M shares, valued at $21.04 million in 2017Q3, according to the filing. It also reduced its holding in Aberdeen Gtr China Fd Inc (GCH) by 65,232 shares in the quarter, leaving it with 166,496 shares, and cut its stake in Royce Value Tr Inc (NYSE:RVT).

Leave a Reply

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