Ulysses Management Lifted Ericsson (ERIC) Stake; Centaur Capital Partners LP Has Raised Its Brown & Brown (BRO) Holding by $1.35 Million

May 13, 2018 - By Hazel Jackson

Telefonaktiebolaget LM Ericsson (NASDAQ:publ) Logo

Joshua Nash increased its stake in Ericsson (ERIC) by 9.38% based on its latest 2017Q4 regulatory filing with the SEC. Ulysses Management Llc bought 150,000 shares as the company’s stock declined 4.22% with the market. The hedge fund run by Joshua Nash held 1.75 million shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $11.69M, up from 1.60M at the end of the previous reported quarter. Ulysses Management Llc who had been investing in Ericsson for a number of months, seems to be bullish on the $26.06 billion market cap company. The stock decreased 0.13% or $0.01 during the last trading session, reaching $7.91. About 9.93M shares traded or 60.57% up from the average. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has declined 4.93% since May 13, 2017 and is downtrending. It has underperformed by 16.48% the S&P500.

Zeke Ashton increased its stake in Brown & Brown Inc (BRO) by 82.81% based on its latest 2017Q4 regulatory filing with the SEC. Centaur Capital Partners Lp bought 26,500 shares as the company’s stock declined 1.08% with the market. The hedge fund run by Zeke Ashton held 58,500 shares of the finance company at the end of 2017Q4, valued at $3.01 million, up from 32,000 at the end of the previous reported quarter. Centaur Capital Partners Lp who had been investing in Brown & Brown Inc for a number of months, seems to be bullish on the $7.58B market cap company. The stock decreased 0.15% or $0.04 during the last trading session, reaching $27.45. About 656,041 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 18.96% since May 13, 2017 and is uptrending. It has outperformed by 7.41% the S&P500.

Since March 13, 2018, it had 0 insider purchases, and 1 sale for $7.40 million activity.

More news for Brown & Brown, Inc. (NYSE:BRO) were recently published by: Twst.com, which released: “Interview with the CEO: Brown & Brown, Inc. (NYSE:BRO)” on May 11, 2018. Streetinsider.com‘s article titled: “Brown & Brown (BRO) to Acquire Servco Pacific Insurance” and published on May 01, 2018 is yet another important article.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.18, from 1.16 in 2017Q3. It turned negative, as 18 investors sold BRO shares while 91 reduced holdings. 38 funds opened positions while 69 raised stakes. 97.17 million shares or 2.33% less from 99.49 million shares in 2017Q3 were reported. Proshare Advsr Lc reported 225,913 shares stake. Buckhead Mgmt Llc has invested 0.59% in Brown & Brown, Inc. (NYSE:BRO). American Group Incorporated Incorporated, New York-based fund reported 276,148 shares. Gemmer Asset Lc reported 0.01% stake. Price T Rowe Associate Md holds 0.03% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 3.89M shares. Arizona State Retirement Sys reported 83,280 shares. Pacad Invest has invested 0.02% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Park Natl Oh stated it has 0.26% in Brown & Brown, Inc. (NYSE:BRO). Captrust Fincl Advisors owns 14,000 shares for 0.04% of their portfolio. National Bank Of Montreal Can, a Ontario – Canada-based fund reported 202,041 shares. Horizon Kinetics Ltd holds 7,799 shares. New Mexico Educational Retirement Board stated it has 0.06% in Brown & Brown, Inc. (NYSE:BRO). State Board Of Administration Of Florida Retirement Systems has invested 0.03% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Leavell Invest Management holds 30,400 shares or 0.18% of its portfolio. New York-based Renaissance Technology Limited Co has invested 0.11% in Brown & Brown, Inc. (NYSE:BRO).

Among 15 analysts covering Brown & Brown (NYSE:BRO), 3 have Buy rating, 3 Sell and 9 Hold. Therefore 20% are positive. Brown & Brown had 56 analyst reports since August 24, 2015 according to SRatingsIntel. As per Wednesday, October 14, the company rating was downgraded by Wells Fargo. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Underweight” rating given on Thursday, January 7 by Barclays Capital. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Neutral” rating by SunTrust on Thursday, January 7. Morgan Stanley maintained it with “Underweight” rating and $43 target in Wednesday, October 18 report. RBC Capital Markets maintained the stock with “Hold” rating in Monday, June 12 report. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Underweight” rating by Barclays Capital on Monday, April 2. The company was downgraded on Monday, August 24 by Zacks. The stock has “Neutral” rating by Compass Point on Wednesday, January 27. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, January 27 report.

Centaur Capital Partners Lp, which manages about $166.13 million and $63.09M US Long portfolio, decreased its stake in Interactive Brokers Group In (NASDAQ:IBKR) by 29,500 shares to 48,500 shares, valued at $2.87 million in 2017Q4, according to the filing. It also reduced its holding in Mix Telematics Ltd (NYSE:MIXT) by 97,500 shares in the quarter, leaving it with 40,000 shares, and cut its stake in Usa Technologies Inc (NASDAQ:USAT).

Brown & Brown, Inc. (NYSE:BRO) Institutional Positions Chart

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