Nine Masts Capital LTD Has Trimmed Sumitomo Mitsui Finl Group I (SMFG) Holding By $585,400; Oclaro (OCLR)’s Sentiment Is 1.01

April 17, 2018 - By Darrin Black

Oclaro, Inc. (NASDAQ:OCLR) Logo

Oclaro Inc (OCLR) investors sentiment decreased to 1.01 in 2017 Q4. It’s down -0.27, from 1.28 in 2017Q3. The ratio fall, as 113 hedge funds opened new and increased equity positions, while 112 sold and reduced their stakes in Oclaro Inc. The hedge funds in our database now own: 110.17 million shares, down from 115.55 million shares in 2017Q3. Also, the number of hedge funds holding Oclaro Inc in top ten equity positions was flat from 1 to 1 for the same number . Sold All: 44 Reduced: 68 Increased: 77 New Position: 36.

Nine Masts Capital Ltd decreased Sumitomo Mitsui Finl Group I (SMFG) stake by 17.01% reported in 2017Q4 SEC filing. Nine Masts Capital Ltd sold 73,175 shares as Sumitomo Mitsui Finl Group I (SMFG)’s stock declined 3.29%. The Nine Masts Capital Ltd holds 357,041 shares with $3.09 million value, down from 430,216 last quarter. Sumitomo Mitsui Finl Group I now has $59.93 billion valuation. The stock decreased 0.94% or $0.08 during the last trading session, reaching $8.39. About 289,101 shares traded. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) has risen 13.89% since April 17, 2017 and is uptrending. It has outperformed by 2.34% the S&P500.

Nine Masts Capital Ltd increased Dr Reddys Labs Ltd (NYSE:RDY) stake by 33,400 shares to 44,000 valued at $1.67M in 2017Q4. It also upped Franklin Res Inc (NYSE:BEN) stake by 26,970 shares and now owns 27,970 shares. Sina Corp (Prn) was raised too.

Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company has market cap of $1.43 billion. The companyÂ’s products generate, detect, combine, and separate light signals in optical communications networks. It has a 10.38 P/E ratio. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.

Analysts await Oclaro, Inc. (NASDAQ:OCLR) to report earnings on May, 1. They expect $0.06 earnings per share, down 72.73% or $0.16 from last year’s $0.22 per share. OCLR’s profit will be $10.19 million for 35.00 P/E if the $0.06 EPS becomes a reality. After $0.12 actual earnings per share reported by Oclaro, Inc. for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Kopp Investment Advisors Llc holds 6.06% of its portfolio in Oclaro, Inc. for 897,000 shares. S Squared Technology Llc owns 325,000 shares or 2% of their US portfolio. Moreover, Shannon River Fund Management Llc has 1.34% invested in the company for 826,900 shares. The California-based Neumeier Poma Investment Counsel Llc has invested 1.24% in the stock. Quentec Asset Management Llc, a New York-based fund reported 1.16 million shares.

Oclaro, Inc. (NASDAQ:OCLR) Institutional Positions Chart

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