Stock News

Marvell Technology Group LTD (MRVL) Position Held by Ivory Investment Management Lp; As Gap Del (GPS) Stock Declined, Harvest Capital Strategies Cut Its Holding

The Gap, Inc. (NYSE:GPS) Logo

Harvest Capital Strategies Llc decreased its stake in Gap Inc Del (GPS) by 47.06% based on its latest 2017Q4 regulatory filing with the SEC. Harvest Capital Strategies Llc sold 400,000 shares as the company’s stock declined 11.38% with the market. The institutional investor held 450,000 shares of the consumer services company at the end of 2017Q4, valued at $15.33 million, down from 850,000 at the end of the previous reported quarter. Harvest Capital Strategies Llc who had been investing in Gap Inc Del for a number of months, seems to be less bullish one the $11.72B market cap company. The stock decreased 1.42% or $0.435 during the last trading session, reaching $30.105. About 1.92M shares traded. The Gap, Inc. (NYSE:GPS) has risen 31.10% since April 18, 2017 and is uptrending. It has outperformed by 19.55% the S&P500.

Curtis Macnguyen increased its stake in Marvell Technology Group Ltd (MRVL) by 25.38% based on its latest 2017Q4 regulatory filing with the SEC. Ivory Investment Management Lp bought 611,110 shares as the company’s stock declined 2.82% with the market. The hedge fund run by Curtis Macnguyen held 3.02 million shares of the semiconductors company at the end of 2017Q4, valued at $64.81M, up from 2.41 million at the end of the previous reported quarter. Ivory Investment Management Lp who had been investing in Marvell Technology Group Ltd for a number of months, seems to be bullish on the $10.98 billion market cap company. The stock decreased 0.58% or $0.13 during the last trading session, reaching $22.12. About 2.15 million shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 35.98% since April 18, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Ivory Investment Management Lp, which manages about $3.62 billion and $1.75B US Long portfolio, decreased its stake in Time Warner Inc (NYSE:TWX) by 515,504 shares to 956,202 shares, valued at $87.46M in 2017Q4, according to the filing. It also reduced its holding in Verizon Communications Inc (NYSE:VZ) by 740,209 shares in the quarter, leaving it with 220,454 shares, and cut its stake in Lions Gate Entmnt Corp.

Investors sentiment increased to 1.25 in 2017 Q4. Its up 0.15, from 1.1 in 2017Q3. It improved, as 28 investors sold MRVL shares while 99 reduced holdings. 56 funds opened positions while 103 raised stakes. 434.31 million shares or 15.21% more from 376.98 million shares in 2017Q3 were reported. Swiss National Bank owns 1.49 million shares. Federated Pa has 0.15% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 2.52M shares. Tokio Marine Asset Ltd has invested 0.34% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Schwab Charles Invest Mngmt Inc stated it has 1.58 million shares. Commonwealth National Bank & Trust Of Aus owns 0% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 700 shares. Jpmorgan Chase & holds 0.01% or 1.61 million shares in its portfolio. Price T Rowe Inc Md accumulated 42.01 million shares. 8,432 are held by Amer Gp Incorporated. Stifel Fincl has invested 0% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Shannon River Fund Mgmt Lc owns 949,010 shares. Fjarde Ap invested 0.05% in Marvell Technology Group Ltd. (NASDAQ:MRVL). 60,000 were reported by Weitz Invest Mngmt Incorporated. 647,125 are owned by Suffolk Capital Mngmt Ltd Co. The California-based Assetmark has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Northcoast Asset Mngmt Ltd stated it has 81,747 shares or 0.16% of all its holdings.

Among 38 analysts covering Marvell Technology Group (NASDAQ:MRVL), 25 have Buy rating, 1 Sell and 12 Hold. Therefore 66% are positive. Marvell Technology Group had 126 analyst reports since August 5, 2015 according to SRatingsIntel. Nomura maintained the stock with “Buy” rating in Friday, September 25 report. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Hold” rating given on Tuesday, November 21 by Credit Suisse. Benchmark maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Tuesday, October 27. Benchmark has “Hold” rating and $8 target. The rating was upgraded by Pacific Crest to “Overweight” on Tuesday, June 20. The company was upgraded on Friday, November 18 by Susquehanna. On Friday, September 11 the stock rating was downgraded by Brean Capital to “Hold”. FBR Capital maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Monday, March 5 with “Buy” rating. Susquehanna maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Wednesday, March 7 with “Buy” rating. As per Wednesday, November 29, the company rating was maintained by FBR Capital. On Friday, August 25 the stock rating was maintained by Jefferies with “Hold”.

Analysts await The Gap, Inc. (NYSE:GPS) to report earnings on May, 17. They expect $0.46 earnings per share, up 27.78% or $0.10 from last year’s $0.36 per share. GPS’s profit will be $179.08M for 16.36 P/E if the $0.46 EPS becomes a reality. After $0.61 actual earnings per share reported by The Gap, Inc. for the previous quarter, Wall Street now forecasts -24.59% negative EPS growth.

Since February 1, 2018, it had 1 insider buy, and 11 selling transactions for $57.85 million activity. FISHER ROBERT J sold $15.64M worth of The Gap, Inc. (NYSE:GPS) on Tuesday, April 3. GOLDNER BRIAN bought $168,742 worth of The Gap, Inc. (NYSE:GPS) on Monday, March 5. $1.63 million worth of stock was sold by Kirwan Jeff on Tuesday, March 13. Shares for $2.53 million were sold by Chapman Paul Joseph. On Wednesday, March 21 FISHER WILLIAM SYDNEY sold $16.05M worth of The Gap, Inc. (NYSE:GPS) or 500,000 shares. 5,839 shares valued at $192,921 were sold by Hyder Brent on Thursday, February 1.

Among 34 analysts covering The Gap Inc. (NYSE:GPS), 4 have Buy rating, 4 Sell and 26 Hold. Therefore 12% are positive. The Gap Inc. had 176 analyst reports since August 5, 2015 according to SRatingsIntel. Barclays Capital initiated The Gap, Inc. (NYSE:GPS) on Thursday, October 29 with “Underweight” rating. The stock of The Gap, Inc. (NYSE:GPS) has “Hold” rating given on Monday, October 30 by RBC Capital Markets. Robert W. Baird maintained The Gap, Inc. (NYSE:GPS) on Friday, March 2 with “Neutral” rating. Piper Jaffray maintained the stock with “Underweight” rating in Friday, January 8 report. Bank of America maintained the stock with “Underperform” rating in Wednesday, September 30 report. Oppenheimer maintained the shares of GPS in report on Thursday, August 17 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Friday, May 5 report. The firm has “Neutral” rating given on Tuesday, September 19 by Credit Suisse. Bernstein maintained it with “Market Perform” rating and $28 target in Tuesday, November 17 report. The stock of The Gap, Inc. (NYSE:GPS) earned “Sector Perform” rating by RBC Capital Markets on Friday, October 9.

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.02, from 0.96 in 2017Q3. It increased, as 37 investors sold GPS shares while 153 reduced holdings. 73 funds opened positions while 113 raised stakes. 208.71 million shares or 2.18% more from 204.26 million shares in 2017Q3 were reported. Landscape Capital Lc holds 81,929 shares. Citigroup invested in 0% or 102,954 shares. Tirschwell & Loewy reported 6,400 shares. Telemus Cap Limited Liability, Michigan-based fund reported 1 shares. 22,475 are held by Jane Street Gp Limited Liability Co. Cibc Asset Management invested in 0.01% or 33,917 shares. Tradewinds Mgmt Limited Liability invested 0% in The Gap, Inc. (NYSE:GPS). Howe Rusling holds 0.04% of its portfolio in The Gap, Inc. (NYSE:GPS) for 6,474 shares. Eaton Vance Mngmt, a Massachusetts-based fund reported 89,138 shares. Dekabank Deutsche Girozentrale invested in 0.04% or 219,946 shares. Liberty Mutual Gp Asset has invested 0.01% in The Gap, Inc. (NYSE:GPS). Ameriprise Financial reported 125,462 shares. Adage Cap Ptnrs Gp Ltd stated it has 310,100 shares or 0.02% of all its holdings. The New York-based Focused Wealth has invested 0% in The Gap, Inc. (NYSE:GPS). Mirae Asset Invests Ltd has invested 0% in The Gap, Inc. (NYSE:GPS).

The Gap, Inc. (NYSE:GPS) Institutional Positions Chart

Leave a Reply

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