Fsi Group Has Cut Its Home Bancshares (HOMB) Stake as Stock Value Declined; Catalyst Capital Advisors Maintains Stake in Ciena (CIEN)

April 19, 2018 - By Linda Rogers

Ciena Corporation (NYSE:CIEN) Logo

Fsi Group Llc decreased its stake in Home Bancshares Inc (HOMB) by 98.57% based on its latest 2017Q4 regulatory filing with the SEC. Fsi Group Llc sold 478,912 shares as the company’s stock declined 4.30% with the market. The hedge fund held 6,944 shares of the finance company at the end of 2017Q4, valued at $161,000, down from 485,856 at the end of the previous reported quarter. Fsi Group Llc who had been investing in Home Bancshares Inc for a number of months, seems to be less bullish one the $3.74 billion market cap company. The stock decreased 1.87% or $0.41 during the last trading session, reaching $21.5. About 1.69M shares traded or 103.46% up from the average. Home Bancshares, Inc. (NASDAQ:HOMB) has declined 16.14% since April 19, 2017 and is downtrending. It has underperformed by 27.69% the S&P500.

Catalyst Capital Advisors Llc increased its stake in Ciena Corp (CIEN) by 87.54% based on its latest 2017Q4 regulatory filing with the SEC. Catalyst Capital Advisors Llc bought 28,800 shares as the company’s stock rose 19.18% while stock markets declined. The institutional investor held 61,700 shares of the telecommunications equipment company at the end of 2017Q4, valued at $1.29M, up from 32,900 at the end of the previous reported quarter. Catalyst Capital Advisors Llc who had been investing in Ciena Corp for a number of months, seems to be bullish on the $3.76B market cap company. The stock decreased 0.51% or $0.135 during the last trading session, reaching $26.215. About 831,422 shares traded. Ciena Corporation (NYSE:CIEN) has risen 9.21% since April 19, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena had 87 analyst reports since August 18, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $3200 target in Thursday, July 20 report. Deutsche Bank maintained the shares of CIEN in report on Friday, September 1 with “Hold” rating. BMO Capital Markets maintained Ciena Corporation (NYSE:CIEN) on Thursday, December 7 with “Buy” rating. The firm has “Buy” rating given on Thursday, August 17 by Cowen & Co. Jefferies upgraded Ciena Corporation (NYSE:CIEN) on Monday, December 21 to “Buy” rating. Citigroup maintained the stock with “Neutral” rating in Friday, September 2 report. The rating was maintained by Cowen & Co with “Buy” on Friday, September 29. As per Monday, July 10, the company rating was maintained by Cowen & Co. RBC Capital Markets upgraded Ciena Corporation (NYSE:CIEN) rating on Wednesday, September 9. RBC Capital Markets has “Outperform” rating and $28.0 target. Piper Jaffray maintained the shares of CIEN in report on Friday, June 2 with “Buy” rating.

Catalyst Capital Advisors Llc, which manages about $653.50M and $2.70B US Long portfolio, decreased its stake in Proshares Tr Ii (Call) by 211 shares to 2,058 shares, valued at $4.86M in 2017Q4, according to the filing. It also reduced its holding in Home Bancshares Inc (NASDAQ:HOMB) by 26,050 shares in the quarter, leaving it with 850 shares, and cut its stake in Kinder Morgan Inc Del (NYSE:KMI).

Since October 19, 2017, it had 0 insider purchases, and 44 insider sales for $3.49 million activity. SMITH GARY B sold $185,810 worth of stock or 8,000 shares. The insider Phipps Jason sold 1,524 shares worth $40,009. Rothenstein David M had sold 2,000 shares worth $45,501 on Tuesday, January 16. 2,500 shares were sold by ALEXANDER STEPHEN B, worth $67,396. On Wednesday, March 21 the insider GALLAGHER PATRICK sold $15,975. On Wednesday, March 21 the insider FRODSHAM JAMES sold $56,376.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.06, from 1 in 2017Q3. It dropped, as 47 investors sold CIEN shares while 80 reduced holdings. 44 funds opened positions while 76 raised stakes. 142.49 million shares or 3.75% less from 148.04 million shares in 2017Q3 were reported. Voya Inv Management Ltd invested in 434,880 shares or 0.02% of the stock. United Services Automobile Association reported 221,522 shares stake. The Massachusetts-based Winslow Evans & Crocker has invested 0.18% in Ciena Corporation (NYSE:CIEN). Boston Prtnrs holds 0.04% or 1.48M shares. 23,192 are held by Janney Montgomery Scott Limited Liability Co. Gp One Trading LP holds 92,873 shares or 0.01% of its portfolio. The Maryland-based Proshare Advsr Lc has invested 0.01% in Ciena Corporation (NYSE:CIEN). Westfield Capital Com Ltd Partnership invested 0.31% of its portfolio in Ciena Corporation (NYSE:CIEN). Amer Intll Gp Inc reported 0.03% in Ciena Corporation (NYSE:CIEN). Wellington Grp Incorporated Limited Liability Partnership has invested 0.03% of its portfolio in Ciena Corporation (NYSE:CIEN). Balyasny Asset Management Limited Liability Company holds 0.06% or 891,162 shares. Kennedy Mgmt accumulated 0.1% or 272,203 shares. Millennium Management Ltd Llc accumulated 0.07% or 2.48M shares. Riverhead Management holds 0.01% or 15,294 shares in its portfolio. Goldman Sachs Grp invested in 2.45 million shares.

Since February 6, 2018, it had 1 insider buy, and 1 insider sale for $7.49 million activity. $7.50M worth of Home Bancshares, Inc. (NASDAQ:Conway, AR) was sold by Ashley Richard H.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 2.06, from 3.12 in 2017Q3. It dived, as 39 investors sold HOMB shares while 66 reduced holdings. 33 funds opened positions while 78 raised stakes. 108.05 million shares or 49.86% less from 215.48 million shares in 2017Q3 were reported. Tower Research Cap Lc (Trc) has invested 0% of its portfolio in Home Bancshares, Inc. (NASDAQ:Conway, AR). Employees Retirement System Of Ohio has invested 0% in Home Bancshares, Inc. (NASDAQ:Conway, AR). Jacobs Asset Mngmt Limited Co holds 238,515 shares. 107,496 were reported by State Teachers Retirement Sys. Federated Pa reported 0% in Home Bancshares, Inc. (NASDAQ:Conway, AR). 247,088 are owned by Matarin Cap Ltd Limited Liability Company. Teachers Retirement System Of The State Of Kentucky owns 33,900 shares for 0.01% of their portfolio. Philadelphia Fin Of San Francisco Limited Liability Corporation holds 1.84% or 535,509 shares. Pinebridge LP invested 0.02% of its portfolio in Home Bancshares, Inc. (NASDAQ:Conway, AR). Bartlett & Ltd Liability has 3,942 shares for 0% of their portfolio. Fifth Third Fincl Bank holds 0% or 957 shares. Glenmede Tru Na stated it has 0.21% of its portfolio in Home Bancshares, Inc. (NASDAQ:Conway, AR). Asset Management Incorporated holds 0.01% or 9,496 shares in its portfolio. Deutsche Bankshares Ag invested in 502,644 shares. Falcon Point Cap Limited Company holds 0.88% or 223,338 shares.

Fsi Group Llc, which manages about $3.71B and $120.22 million US Long portfolio, upped its stake in Huntington Bancshares Inc (NASDAQ:HBAN) by 160,665 shares to 575,625 shares, valued at $8.38 million in 2017Q4, according to the filing.

Among 12 analysts covering Home Bancshares Inc. (NASDAQ:HOMB), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Home Bancshares Inc. had 37 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was downgraded by Merion Capital to “Neutral” on Friday, November 11. RBC Capital Markets maintained Home Bancshares, Inc. (NASDAQ:Conway, AR) on Friday, January 22 with “Sector Perform” rating. The rating was reinitiated by PiperJaffray with “Neutral” on Thursday, October 5. PiperJaffray upgraded the stock to “Overweight” rating in Thursday, March 1 report. The firm earned “Buy” rating on Thursday, January 25 by Hovde Group. The company was maintained on Thursday, July 20 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. The rating was downgraded by Raymond James to “Mkt Perform” on Friday, December 16. The stock of Home Bancshares, Inc. (NASDAQ:Conway, AR) has “Buy” rating given on Tuesday, January 24 by Sandler O’Neill. The stock of Home Bancshares, Inc. (NASDAQ:Conway, AR) has “Buy” rating given on Thursday, October 19 by Keefe Bruyette & Woods.

Home Bancshares, Inc. (NASDAQ:Conway, AR) Institutional Positions Chart

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