As United Parcel Service (UPS) Stock Declined, Stephens Raised Stake; Central Asset Investments & Management Holdings Hk LTD Increases Holding in Micron Technology (MU)

February 21, 2018 - By Darrin Black

Stephens Inc increased its stake in United Parcel Service Inc (UPS) by 43.49% based on its latest 2017Q3 regulatory filing with the SEC. Stephens Inc bought 25,001 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 82,492 shares of the transportation company at the end of 2017Q3, valued at $9.91M, up from 57,491 at the end of the previous reported quarter. Stephens Inc who had been investing in United Parcel Service Inc for a number of months, seems to be bullish on the $89.95B market cap company. The stock decreased 1.59% or $1.69 during the last trading session, reaching $104.71. About 5.23 million shares traded or 21.22% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 21, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Central Asset Investments & Management Holdings Hk Ltd increased its stake in Micron Technology Inc (MU) by 173.44% based on its latest 2017Q3 regulatory filing with the SEC. Central Asset Investments & Management Holdings Hk Ltd bought 643,100 shares as the company’s stock rose 19.14% with the market. The institutional investor held 1.01 million shares of the technology company at the end of 2017Q3, valued at $39.88M, up from 370,800 at the end of the previous reported quarter. Central Asset Investments & Management Holdings Hk Ltd who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $51.92B market cap company. The stock increased 1.56% or $0.69 during the last trading session, reaching $44.9. About 36.22M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 21, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

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. J.P. Morgan maintained the stock with “Buy” rating in Tuesday, June 20 report. On Friday, October 2 the stock rating was maintained by Pacific Crest with “Overweight”. UBS maintained Micron Technology, Inc. (NASDAQ:MU) on Friday, September 9 with “Buy” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Brean Capital on Tuesday, August 16. As per Thursday, August 25, the company rating was maintained by Nomura. Brean Capital maintained Micron Technology, Inc. (NASDAQ:MU) rating on Wednesday, October 5. Brean Capital has “Buy” rating and $23 target. The stock has “Buy” rating by Cowen & Co on Wednesday, December 20. Bank of America upgraded the stock to “Buy” rating in Thursday, February 9 report. Stifel Nicolaus maintained Micron Technology, Inc. (NASDAQ:MU) rating on Monday, August 14. Stifel Nicolaus has “Buy” rating and $6000 target. As per Wednesday, October 5, the company rating was maintained by Credit Suisse.

Central Asset Investments & Management Holdings Hk Ltd, which manages about $145.42 million US Long portfolio, decreased its stake in Western Digital Corp (NASDAQ:WDC) by 84,100 shares to 141,840 shares, valued at $12.26 million in 2017Q3, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 29,800 shares in the quarter, leaving it with 5,000 shares, and cut its stake in China Mobile Limited (NYSE:CHL).

Since September 1, 2017, it had 0 insider purchases, and 15 sales for $14.83 million activity. The insider Poppen Joel L sold 80,000 shares worth $3.09M. Mondry Lawrence N also sold $2.17 million worth of Micron Technology, Inc. (NASDAQ:MU) shares. On Monday, October 2 the insider BAILEY ROBERT L sold $119,583. 327 shares valued at $10,507 were sold by ARNZEN APRIL S on Friday, September 1. $4.53 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Thorsen Steven L. JR.

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It is positive, 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. 758,900 were accumulated by Numeric Investors Ltd Limited Liability Company. Bankshares Of Nova Scotia reported 2.26M shares. Hudock Capital Grp Limited Company accumulated 10 shares. Valley National Advisers, Pennsylvania-based fund reported 341 shares. Group One Trading LP holds 0.53% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 1.50M shares. 10,000 are owned by Perkins Capital. C M Bidwell And Assoc Ltd owns 33,975 shares or 2.05% of their US portfolio. Intrust Comml Bank Na holds 0.18% or 14,023 shares. Eqis Capital Mgmt Inc reported 0.09% stake. Susquehanna Intll Gru Ltd Liability Partnership reported 0.22% in Micron Technology, Inc. (NASDAQ:MU). Jump Trading Ltd Liability Corp holds 0.37% or 51,860 shares in its portfolio. Amer Insur Co Tx reported 9,600 shares. 587,650 were reported by Menora Mivtachim Hldgs Ltd. Barclays Public Limited Company accumulated 3.71M shares. Virtu Limited Liability stated it has 96,076 shares.

Stephens Inc, which manages about $6.58 billion and $2.77 billion US Long portfolio, decreased its stake in Powershares Etf Tr Ii by 36,437 shares to 21,108 shares, valued at $623,000 in 2017Q3, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 4,122 shares in the quarter, leaving it with 113,036 shares, and cut its stake in Monmouth Real Estate Invt Co (NYSE:MNR).

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