I-G Investment Management LTD Raised By $14.36 Million Its Apple (AAPL) Position; ROCKFORD CORPORATION (ROFO) Shorts Down By 50%

March 22, 2018 - By Vivian Park

I-G Investment Management Ltd increased Apple Inc (AAPL) stake by 11.18% reported in 2017Q3 SEC filing. I-G Investment Management Ltd acquired 93,250 shares as Apple Inc (AAPL)’s stock rose 12.78%. The I-G Investment Management Ltd holds 927,505 shares with $142.95M value, up from 834,255 last quarter. Apple Inc now has $869.76 billion valuation. The stock increased 0.08% or $0.14 during the last trading session, reaching $171.41. About 29.36M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since March 22, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

ROCKFORD CORPORATION (OTCMKTS:ROFO) had a decrease of 50% in short interest. ROFO’s SI was 100 shares in March as released by FINRA. Its down 50% from 200 shares previously. With 300 avg volume, 0 days are for ROCKFORD CORPORATION (OTCMKTS:ROFO)’s short sellers to cover ROFO’s short positions. It closed at $10 lastly. It is down 0.00% since March 22, 2017 and is . It has underperformed by 16.70% the S&P500.

Rockford Corporation manufactures, markets, and distributes audio and security systems for the mobile audio aftermarket and OEM market in the United States. The company has market cap of $75.18 million. It distributes its products under the brand names of Rockford Fosgate, Rockford Acoustic Design, Lightning Audio, Crimestopper, Blaupunkt, Brax, Helix, and Renegade. It has a 11.19 P/E ratio.

Investors sentiment increased to 0.73 in Q3 2017. Its up 0.03, from 0.7 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Edge Wealth Lc, New York-based fund reported 102,376 shares. Cincinnati Specialty Underwriters Insur holds 10.4% or 77,000 shares. B & T Cap Management Dba Alpha Cap Management holds 2.35% or 32,121 shares. Vantage Inv Advsrs Limited Liability has invested 3.44% of its portfolio in Apple Inc. (NASDAQ:AAPL). Sq Advisors Ltd Co invested in 6.71% or 1.23 million shares. Rockefeller accumulated 39,128 shares. Cypress Asset Mgmt Tx accumulated 3.6% or 108,575 shares. Robeco Institutional Asset Mgmt Bv stated it has 1.47M shares. Exxonmobil Invest Tx invested in 943,245 shares or 3.68% of the stock. Sol Capital Management Com holds 1.45% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 33,327 shares. Park Circle owns 600 shares or 0.05% of their US portfolio. Sfmg Ltd Limited Liability Company has invested 2.02% of its portfolio in Apple Inc. (NASDAQ:AAPL). Beech Hill Advsr holds 6% in Apple Inc. (NASDAQ:AAPL) or 73,816 shares. Ls Invest Advsr Ltd Liability Com reported 2.53% in Apple Inc. (NASDAQ:AAPL). Sawgrass Asset Ltd, a Florida-based fund reported 679,006 shares.

Since October 3, 2017, it had 0 buys, and 5 selling transactions for $26.38 million activity. $8.79M worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W. AHRENDTS ANGELA J also sold $9.78M worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, October 3. Riccio Daniel J. sold $2.42 million worth of stock.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 386 analyst reports since July 21, 2015 according to SRatingsIntel. Rosenblatt downgraded Apple Inc. (NASDAQ:AAPL) on Wednesday, January 6 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, March 21 by RBC Capital Markets. The company was maintained on Wednesday, April 27 by Pacific Crest. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, January 24. On Friday, September 11 the stock rating was maintained by Credit Suisse with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Brean Capital on Wednesday, July 27. The firm has “Buy” rating by RBC Capital Markets given on Thursday, February 1. The rating was maintained by Mizuho with “Hold” on Tuesday, August 1. The firm has “Overweight” rating by Pacific Crest given on Thursday, October 13. The firm has “Buy” rating given on Monday, August 7 by Drexel Hamilton.

I-G Investment Management Ltd decreased Transcanada Corp (NYSE:TRP) stake by 5.09M shares to 13.08 million valued at $646.44 million in 2017Q3. It also reduced Lowes Cos Inc (NYSE:LOW) stake by 400,512 shares and now owns 1.95 million shares. Medtronic Plc (NYSE:MDT) was reduced too.

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