Sigma Planning Increased Its Lowes Cos (LOW) Position by $474,790 as Stock Rose; Micron Technology (Put) (MU) Shareholder Citigroup Has Cut Holding as Share Value Rose

February 25, 2018 - By Nellie Frank

Citigroup Inc decreased its stake in Micron Technology Inc (Put) (MU) by 32.72% based on its latest 2017Q3 regulatory filing with the SEC. Citigroup Inc sold 671,500 shares as the company’s stock rose 19.14% with the market. The institutional investor held 1.38 million shares of the technology company at the end of 2017Q3, valued at $54.30M, down from 2.05 million at the end of the previous reported quarter. Citigroup Inc who had been investing in Micron Technology Inc (Put) for a number of months, seems to be less bullish one the $53.80 billion market cap company. The stock increased 5.15% or $2.28 during the last trading session, reaching $46.53. About 48.48M shares traded or 11.75% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 25, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Sigma Planning Corp increased its stake in Lowes Cos Inc (LOW) by 60.81% based on its latest 2017Q3 regulatory filing with the SEC. Sigma Planning Corp bought 6,010 shares as the company’s stock rose 10.23% with the market. The institutional investor held 15,894 shares of the consumer services company at the end of 2017Q3, valued at $1.27M, up from 9,884 at the end of the previous reported quarter. Sigma Planning Corp who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the $80.89B market cap company. The stock increased 0.62% or $0.6 during the last trading session, reaching $97.49. About 4.36 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since February 25, 2017 and is uptrending. It has underperformed by 10.78% the S&P500.

Among 33 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 21 have Buy rating, 0 Sell and 12 Hold. Therefore 64% are positive. Lowe’s Companies Inc. had 87 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was downgraded by Piper Jaffray on Monday, October 31 to “Neutral”. On Thursday, November 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. Citigroup upgraded the stock to “Buy” rating in Friday, May 20 report. The rating was maintained by RBC Capital Markets on Monday, September 25 with “Buy”. Longbow maintained the stock with “Buy” rating in Friday, August 14 report. On Friday, November 10 the stock rating was maintained by Jefferies with “Hold”. The stock has “Neutral” rating by Citigroup on Monday, December 19. The rating was maintained by RBC Capital Markets on Wednesday, August 23 with “Buy”. The firm has “Hold” rating by Jefferies given on Wednesday, August 23. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Hold” rating given on Friday, May 13 by Jefferies.

Sigma Planning Corp, which manages about $1.21B US Long portfolio, decreased its stake in Credit Suisse Nassau Brh (NASDAQ:XIV) by 14,357 shares to 2,325 shares, valued at $227,000 in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IYC) by 5,254 shares in the quarter, leaving it with 1,371 shares, and cut its stake in Cisco Sys Inc (NASDAQ:CSCO).

Since September 19, 2017, it had 0 buys, and 2 insider sales for $778,532 activity. 2,098 shares were sold by Ramsay Paul D, worth $163,675 on Tuesday, September 19.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.01, from 1.03 in 2017Q2. It increased, as 76 investors sold LOW shares while 406 reduced holdings. 115 funds opened positions while 384 raised stakes. 589.78 million shares or 2.68% less from 606.01 million shares in 2017Q2 were reported. Yorktown Management And Rech Comm holds 0.08% or 3,600 shares. Point72 Asia (Hong Kong) Ltd reported 981 shares or 0.06% of all its holdings. Texas-based Texas Permanent School Fund has invested 0.24% in Lowe's Companies, Inc. (NYSE:LOW). Tudor Et Al reported 0.22% in Lowe's Companies, Inc. (NYSE:LOW). Us Bank De accumulated 0.24% or 953,635 shares. Moreover, Biondo Invest Advisors Ltd Co has 1.05% invested in Lowe's Companies, Inc. (NYSE:LOW). Train Babcock Advisors Limited Liability reported 2,850 shares or 0.13% of all its holdings. Sigma Counselors has 47,464 shares for 0.54% of their portfolio. California State Teachers Retirement Systems holds 0.26% or 1.45M shares. Moneta Grp Inc Investment Advsr Limited Liability Corp owns 128,004 shares. Boston Private Wealth Ltd Company holds 20,663 shares or 0.06% of its portfolio. Osborne Ptnrs Mngmt Ltd owns 115,825 shares or 1.27% of their US portfolio. Cubist Systematic Strategies Ltd Liability reported 0.11% in Lowe's Companies, Inc. (NYSE:LOW). Personal Capital Advisors holds 0.36% or 230,029 shares. Two Sigma Securities Ltd Liability Corp stated it has 0.23% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW).

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 215 analyst reports since July 29, 2015 according to SRatingsIntel. Summit Redstone Partners maintained the shares of MU in report on Wednesday, October 11 with “Buy” rating. The rating was maintained by Morgan Stanley on Tuesday, February 6 with “Overweight”. The company was maintained on Thursday, March 31 by Goldman Sachs. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Neutral” rating by Wedbush on Friday, October 2. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Hold” rating by Loop Capital on Tuesday, December 13. Stifel Nicolaus maintained it with “Buy” rating and $65.0 target in Thursday, October 19 report. The stock has “Buy” rating by Brean Capital on Friday, April 15. The firm earned “Buy” rating on Wednesday, December 20 by Cowen & Co. UBS maintained the shares of MU in report on Thursday, October 19 with “Buy” rating. As per Monday, June 26, the company rating was maintained by Cowen & Co.

Citigroup Inc, which manages about $122.18 billion US Long portfolio, upped its stake in Palo Alto Networks Inc (Put) (NYSE:PANW) by 3,900 shares to 20,900 shares, valued at $3.01M in 2017Q3, according to the filing. It also increased its holding in Mondelez Intl Inc (Put) (NASDAQ:MDLZ) by 190,600 shares in the quarter, for a total of 618,300 shares, and has risen its stake in Las Vegas Sands Corp (Call) (NYSE:LVS).

Investors sentiment increased to 1.37 in Q3 2017. 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. Amica Retiree holds 5,664 shares or 0.18% of its portfolio. First Tru Advsr Ltd Partnership holds 0.29% in Micron Technology, Inc. (NASDAQ:MU) or 2.91M shares. Eidelman Virant Capital invested in 2.24% or 95,865 shares. Kazazian Asset Mgmt Ltd Liability Co has 1.01% invested in Micron Technology, Inc. (NASDAQ:MU) for 21,000 shares. Wetherby Asset Mngmt owns 16,234 shares or 0.09% of their US portfolio. Fmr Limited Company has 32.42 million shares for 0.15% of their portfolio. Engineers Gate Manager Ltd Partnership reported 139,144 shares. Walleye Trading Lc reported 0.47% stake. Seminole Mgmt accumulated 12.14% or 1.44 million shares. Williams Jones & Associates Ltd Company accumulated 397,075 shares. Federated Pa accumulated 41,406 shares or 0% of the stock. Fukoku Mutual Life Insurance holds 0.11% or 18,100 shares in its portfolio. Emerald Advisers Pa owns 21,783 shares for 0.03% of their portfolio. 96,625 are owned by New Mexico Educational Retirement Board. Exxonmobil Invest Mgmt Tx holds 0.2% or 203,444 shares.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on March, 22 after the close. They expect $2.69 earnings per share, up 249.35% or $1.92 from last year’s $0.77 per share. MU’s profit will be $3.11 billion for 4.32 P/E if the $2.69 EPS becomes a reality. After $2.41 actual earnings per share reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 11.62% EPS growth.

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