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Amg Funds Cut By $376,200 Its Cree (CREE) Position; Owens Corning (OC)’s Sentiment Is 0.99

Cree, Inc. (NASDAQ:CREE) Logo

Owens Corning (OC) investors sentiment decreased to 0.99 in Q1 2018. It’s down -0.08, from 1.07 in 2017Q4. The ratio has worsened, as 182 active investment managers started new or increased stock positions, while 184 reduced and sold holdings in Owens Corning. The active investment managers in our database now hold: 97.45 million shares, down from 99.29 million shares in 2017Q4. Also, the number of active investment managers holding Owens Corning in top ten stock positions decreased from 7 to 1 for a decrease of 6. Sold All: 43 Reduced: 141 Increased: 118 New Position: 64.

Amg Funds Llc decreased Cree Inc (CREE) stake by 15.04% reported in 2018Q1 SEC filing. Amg Funds Llc sold 9,405 shares as Cree Inc (CREE)’s stock rose 23.05%. The Amg Funds Llc holds 53,147 shares with $2.14 million value, down from 62,552 last quarter. Cree Inc now has $4.92B valuation. The stock decreased 1.10% or $0.55 during the last trading session, reaching $49.4. About 723,303 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 88.68% since June 14, 2017 and is uptrending. It has outperformed by 76.11% the S&P500. Some Historical CREE News: ; 24/04/2018 – Cree Targets 4Q Net Loss $34M-$38M; 04/05/2018 – CREE INC – ON APRIL 30, COMPENSATION COMMITTEE TERMINATED COMPANY’S SEVERANCE PLAN FOR SECTION 16 OFFICERS, DATED AUGUST 18, 2008 – SEC FILING; 20/03/2018 – CREE INC CREE.O : DEUTSCHE BANK RAISES TARGET PRICE TO $52 FROM $45; 03/05/2018 – Cree Expands SmartCast Intelligence Platform; 12/04/2018 – CREE INC – SIGNED A NON-EXCLUSIVE, WORLDWIDE, ROYALTY-BEARING PATENT LICENSE AGREEMENT WITH NEXPERIA BV; 24/04/2018 – Cree 3Q Rev $356M; 15/04/2018 – SHENZHEN CLICK TECHNOLOGY 002782.SZ SAYS IT RECEIVES ARBITRATION NOTICE FROM THE INTERNATIONAL CHAMBER OF COMMERCE (ICC); 15/04/2018 – SHENZHEN CLICK TECHNOLOGY 002782.SZ SAYS U.S. COMPANY CREE INC APPLIES FOR ARBITRATION AT THE ICC DUE TO DISPUTE OVER COOPERATION AGREEMENT; 06/03/2018 – CREE INC – DEAL FOR EUR 345 MLN; 08/05/2018 – Cree Brings Highest Reliability to Broadest Family of Metal COB LED Designs

The stock increased 0.49% or $0.32 during the last trading session, reaching $65.23. About 1.77 million shares traded or 7.51% up from the average. Owens Corning (OC) has risen 4.15% since June 14, 2017 and is uptrending. It has underperformed by 8.42% the S&P500. Some Historical OC News: ; 07/03/2018 – DEKRA Announces 2018 Safety In Action™ lcons Award Recipients; Winners From Shell Oil, Owens Corning & BASF Corporation; 24/05/2018 – KNOW LABS APPOINTS (RET.) ADMIRAL BILL OWENS TO ITS BOARD OF DIRECTORS; 19/04/2018 – Hillman Cos: David Owens Appointed to Board; 25/04/2018 – Owens Corning 1Q Net $92M; 15/05/2018 – Eric Owens Files Information Circular; 25/03/2018 – Rep. LaHood: LaHood Legislation Honoring Fallen Navy SEAL William “Ryan” Owens Signed into Law by President; 04/05/2018 – OWENS CORNING – CREDIT AGREEMENT PROVIDES FOR A REVOLVING CREDIT FACILITY IN AN AGGREGATE PRINCIPAL AMOUNT OF $800 MLN; 07/03/2018 – DEKRA Announces 2018 Safety In Action™ Icons Award Recipients; Winners From Shell Oil, Owens Corning & BASF Corporation; 12/03/2018 – Texas Emissions: 280183 – OWENS CORNING ROOFING AND ASPHALT IRVING FACILITY; 19/03/2018 – Texas Emissions: 280576 – OWENS CORNING ROOFING AND ASPHALT IRVING FACILITY

Since January 1, 0001, it had 0 buys, and 2 sales for $4.93 million activity.

Analysts await Owens Corning (NYSE:OC) to report earnings on July, 25. They expect $1.45 EPS, up 20.83% or $0.25 from last year’s $1.2 per share. OC’s profit will be $160.52M for 11.25 P/E if the $1.45 EPS becomes a reality. After $0.80 actual EPS reported by Owens Corning for the previous quarter, Wall Street now forecasts 81.25% EPS growth.

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. The company has market cap of $7.22 billion. It operates in three divisions: Composites, Insulation, and Roofing. It has a 25.58 P/E ratio. The Composites segment makes, fabricates, and sells glass reinforcements in the form of fiber; and makes and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.

Mader & Shannon Wealth Management Inc. holds 4.67% of its portfolio in Owens Corning for 48,889 shares. Junto Capital Management Lp owns 525,535 shares or 3.19% of their US portfolio. Moreover, Sasco Capital Inc Ct has 2.42% invested in the company for 719,333 shares. The New York-based Waterfront Capital Partners Llc has invested 2.26% in the stock. Iridian Asset Management Llc Ct, a Connecticut-based fund reported 2.93 million shares.

Ratings analysis reveals 44% of Owens Corning’s analysts are positive. Out of 9 Wall Street analysts rating Owens Corning, 4 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $54.0 while the high is $61.0. The stock’s average target of $57 is -12.62% below today’s ($65.23) share price. OC was included in 9 notes of analysts from September 29, 2016. The stock has “Buy” rating by Seaport Global Securities on Wednesday, December 7. The rating was initiated by Wells Fargo with “Market Perform” on Thursday, September 29. The firm has “Underperform” rating by Macquarie Research given on Friday, December 16. As per Thursday, January 5, the company rating was upgraded by KeyBanc Capital Markets. The stock has “Buy” rating by Goldman Sachs on Friday, February 17. CL King downgraded the shares of OC in report on Thursday, October 27 to “Neutral” rating. On Wednesday, March 1 the stock rating was upgraded by Bank of America to “Buy”. On Thursday, October 27 the stock rating was maintained by FBR Capital with “Mkt Perform”. The company was initiated on Friday, January 6 by Barclays Capital.

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.21, from 1.1 in 2017Q4. It worsened, as 33 investors sold CREE shares while 81 reduced holdings. 30 funds opened positions while 71 raised stakes. 101.92 million shares or 1.99% more from 99.93 million shares in 2017Q4 were reported. Meyer Handelman Company holds 5,000 shares or 0.01% of its portfolio. 6,502 are held by Public Employees Retirement Of Ohio. Virtu Ltd Com reported 5,825 shares. New York State Teachers Retirement Systems stated it has 0.02% in Cree, Inc. (NASDAQ:CREE). Stifel Fincl Corporation invested in 85,406 shares. Ny State Common Retirement Fund, New York-based fund reported 407,881 shares. Huntington Bancorp holds 0% of its portfolio in Cree, Inc. (NASDAQ:CREE) for 305 shares. Great West Life Assurance Co Can has 59,934 shares. Price T Rowe Assoc Md owns 122,512 shares for 0% of their portfolio. The New York-based Jpmorgan Chase Com has invested 0% in Cree, Inc. (NASDAQ:CREE). 80 were reported by Assetmark. South Dakota Invest Council stated it has 0.19% in Cree, Inc. (NASDAQ:CREE). Paloma Partners Company holds 0.02% or 30,985 shares in its portfolio. California Public Employees Retirement Systems has invested 0.02% in Cree, Inc. (NASDAQ:CREE). Etrade Cap Mngmt Llc holds 0.01% or 5,929 shares in its portfolio.

More news for Cree, Inc. (NASDAQ:CREE) were recently published by: Bizjournals.com, which released: “For sale! Cree’s corporate jet — under CEO’s order” on May 22, 2018. Streetinsider.com‘s article titled: “Cree (CREE) CFO Mike McDevitt to Retire, Reaffirms Outlook” and published on June 07, 2018 is yet another important article.

Since April 26, 2018, it had 0 insider purchases, and 1 insider sale for $275,541 activity. $275,541 worth of Cree, Inc. (NASDAQ:CREE) was sold by McDevitt Michael E on Thursday, April 26.

Among 21 analysts covering Cree Inc. (NASDAQ:CREE), 4 have Buy rating, 4 Sell and 13 Hold. Therefore 19% are positive. Cree Inc. had 63 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was downgraded by Stephens to “Underweight” on Wednesday, August 23. The company was maintained on Wednesday, August 17 by Goldman Sachs. The firm has “Market Perform” rating by Northland Capital given on Wednesday, August 17. The stock of Cree, Inc. (NASDAQ:CREE) earned “Neutral” rating by Goldman Sachs on Wednesday, March 7. The firm earned “Equal-Weight” rating on Wednesday, October 19 by Stephens. The stock of Cree, Inc. (NASDAQ:CREE) has “Underweight” rating given on Friday, October 6 by JP Morgan. Bank of America maintained the stock with “Neutral” rating in Wednesday, October 18 report. The rating was maintained by Bank of America on Wednesday, August 23 with “Neutral”. The stock of Cree, Inc. (NASDAQ:CREE) earned “Hold” rating by Needham on Wednesday, August 23. The stock of Cree, Inc. (NASDAQ:CREE) has “Hold” rating given on Tuesday, April 24 by Piper Jaffray.

Analysts await Cree, Inc. (NASDAQ:CREE) to report earnings on August, 28. They expect $-0.02 EPS, up 50.00% or $0.02 from last year’s $-0.04 per share. After $-0.07 actual EPS reported by Cree, Inc. for the previous quarter, Wall Street now forecasts -71.43% EPS growth.

Owens Corning (NYSE:OC) Institutional Positions Chart

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