Sunpower (SPWR) Valuation Declined While Quentec Asset Management Has Raised by $421,440 Its Position; Mastec (MTZ) Shareholder Mesirow Financial Investment Management Us Value Equity Lowered Stake by $1.72 Million as Shares Declined

April 28, 2018 - By Nellie Frank

MasTec, Inc. (NYSE:MTZ) Logo

Mesirow Financial Investment Management Us Value Equity decreased its stake in Mastec Inc (MTZ) by 7.71% based on its latest 2017Q4 regulatory filing with the SEC. Mesirow Financial Investment Management Us Value Equity sold 35,886 shares as the company’s stock declined 8.56% with the market. The institutional investor held 429,697 shares of the basic industries company at the end of 2017Q4, valued at $21.03 million, down from 465,583 at the end of the previous reported quarter. Mesirow Financial Investment Management Us Value Equity who had been investing in Mastec Inc for a number of months, seems to be less bullish one the $3.64B market cap company. The stock decreased 1.21% or $0.55 during the last trading session, reaching $45. About 1.13M shares traded or 15.96% up from the average. MasTec, Inc. (NYSE:MTZ) has risen 20.29% since April 28, 2017 and is uptrending. It has outperformed by 8.74% the S&P500.

Quentec Asset Management Llc increased its stake in Sunpower Corp (SPWR) by 11.97% based on its latest 2017Q4 regulatory filing with the SEC. Quentec Asset Management Llc bought 52,680 shares as the company’s stock declined 12.83% with the market. The hedge fund held 492,680 shares of the semiconductors company at the end of 2017Q4, valued at $4.15M, up from 440,000 at the end of the previous reported quarter. Quentec Asset Management Llc who had been investing in Sunpower Corp for a number of months, seems to be bullish on the $1.26 billion market cap company. The stock increased 0.79% or $0.07 during the last trading session, reaching $8.96. About 1.64M shares traded. SunPower Corporation (NASDAQ:SPWR) has risen 28.34% since April 28, 2017 and is uptrending. It has outperformed by 16.79% the S&P500.

Investors sentiment increased to 1.49 in 2017 Q4. Its up 0.10, from 1.39 in 2017Q3. It improved, as 29 investors sold MTZ shares while 79 reduced holdings. 67 funds opened positions while 94 raised stakes. 63.16 million shares or 8.33% more from 58.30 million shares in 2017Q3 were reported. Wellington Mngmt Grp Ltd Liability Partnership holds 72,617 shares or 0% of its portfolio. Moreover, Profit Mgmt Limited Liability Corporation has 1.96% invested in MasTec, Inc. (NYSE:MTZ) for 52,297 shares. Vanguard Gp invested in 0.01% or 6.09 million shares. Alyeska Investment Grp LP reported 622,516 shares or 0.26% of all its holdings. Huntington Fincl Bank owns 0% invested in MasTec, Inc. (NYSE:MTZ) for 796 shares. 800 are held by Kings Point Cap. 23,314 are held by Quantbot Technologies Lp. Nordea stated it has 53,863 shares. Delta Asset Mgmt Limited Com Tn holds 0% or 112 shares. Employees Retirement Sys Of Ohio holds 0.02% or 63,503 shares in its portfolio. Cubist Systematic Strategies Ltd Limited Liability Company holds 0.07% or 26,933 shares. Citadel Advsr Ltd Limited Liability Company, a Illinois-based fund reported 374,989 shares. Qs Investors Limited Co holds 68 shares. Coe Cap Mgmt Ltd accumulated 2.4% or 46,445 shares. Strs Ohio has invested 0% in MasTec, Inc. (NYSE:MTZ).

Among 15 analysts covering MasTec (NYSE:MTZ), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. MasTec had 55 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup on Friday, August 18 to “Buy”. Stephens maintained it with “Buy” rating and $65.0 target in Wednesday, February 28 report. The firm earned “Buy” rating on Tuesday, February 6 by Citigroup. The firm has “Outperform” rating by FBR Capital given on Monday, August 3. KeyBanc Capital Markets maintained MasTec, Inc. (NYSE:MTZ) rating on Monday, November 20. KeyBanc Capital Markets has “Buy” rating and $51.0 target. FBR Capital maintained MasTec, Inc. (NYSE:MTZ) rating on Monday, August 7. FBR Capital has “Outperform” rating and $66 target. The firm has “Neutral” rating given on Thursday, March 1 by Robert W. Baird. KeyBanc Capital Markets maintained MasTec, Inc. (NYSE:MTZ) rating on Thursday, October 19. KeyBanc Capital Markets has “Buy” rating and $51.0 target. Barclays Capital initiated MasTec, Inc. (NYSE:MTZ) on Tuesday, December 12 with “Buy” rating. As per Wednesday, January 3, the company rating was maintained by Robert W. Baird.

Analysts await MasTec, Inc. (NYSE:MTZ) to report earnings on May, 3. They expect $0.18 earnings per share, down 67.86% or $0.38 from last year’s $0.56 per share. MTZ’s profit will be $14.56M for 62.50 P/E if the $0.18 EPS becomes a reality. After $0.41 actual earnings per share reported by MasTec, Inc. for the previous quarter, Wall Street now forecasts -56.10% negative EPS growth.

Since February 1, 2018, it had 0 buys, and 4 insider sales for $4.40 million activity. The insider de Cardenas Alberto sold $743,190. Apple Robert E had sold 25,000 shares worth $1.38M.

Mesirow Financial Investment Management Us Value Equity, which manages about $12.10B and $1.41 billion US Long portfolio, upped its stake in Aerojet Rocketdyne Hldgs Inc by 67,310 shares to 537,660 shares, valued at $16.77M in 2017Q4, according to the filing. It also increased its holding in Omnicell Inc (NASDAQ:OMCL) by 38,605 shares in the quarter, for a total of 425,647 shares, and has risen its stake in Patterson Uti Energy Inc (NASDAQ:PTEN).

Quentec Asset Management Llc, which manages about $578.63 million and $634.34 million US Long portfolio, decreased its stake in Servicenow Inc (Put) (NYSE:NOW) by 589,000 shares to 98,900 shares, valued at $12.90 million in 2017Q4, according to the filing. It also reduced its holding in Himax Technologies Inc (NASDAQ:HIMX) by 1.16M shares in the quarter, leaving it with 1.51 million shares, and cut its stake in Lumentum Hldgs Inc (Call).

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.04, from 1.13 in 2017Q3. It improved, as 24 investors sold SPWR shares while 36 reduced holdings. 36 funds opened positions while 34 raised stakes. 35.28 million shares or 4.46% more from 33.77 million shares in 2017Q3 were reported. Bessemer Grp reported 2,500 shares or 0% of all its holdings. North Star Inv Mngmt holds 29,200 shares. Carroll Fin Associates Incorporated holds 34 shares or 0% of its portfolio. Kbc Nv holds 73,037 shares or 0.01% of its portfolio. Tradewinds Cap Management Ltd has invested 0% in SunPower Corporation (NASDAQ:SPWR). Credit Suisse Ag, Switzerland-based fund reported 94,352 shares. Northwestern Mutual Wealth invested in 331 shares or 0% of the stock. Benjamin F Edwards & reported 0% stake. Stratos Wealth Partners accumulated 2,413 shares. 1,050 were accumulated by Fin Architects. Grantham Mayo Van Otterloo & Llc holds 12,800 shares or 0% of its portfolio. Invesco Limited owns 0% invested in SunPower Corporation (NASDAQ:SPWR) for 801,708 shares. Parametric Port Assoc Ltd Limited Liability Company has 152,403 shares for 0% of their portfolio. Trexquant Lp holds 0.02% or 25,978 shares. State Street holds 2.43M shares.

SunPower Corporation (NASDAQ:SPWR) Institutional Positions Chart

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