Raymond James Financial (RJF) Holder Private Capital Management Decreased Holding by $3.11 Million as Share Value Rose; Brant Point Investment Management Holding in Microsemi (MSCC) Has Cut as Market Value Rose

June 23, 2018 - By Adrian Erickson

Raymond James Financial, Inc. (NYSE:RJF) Logo

Private Capital Management Llc decreased its stake in Raymond James Financial Inc. (RJF) by 16.24% based on its latest 2018Q1 regulatory filing with the SEC. Private Capital Management Llc sold 34,895 shares as the company’s stock rose 7.42% while stock markets declined. The institutional investor held 180,027 shares of the finance company at the end of 2018Q1, valued at $16.10M, down from 214,922 at the end of the previous reported quarter. Private Capital Management Llc who had been investing in Raymond James Financial Inc. for a number of months, seems to be less bullish one the $13.55 billion market cap company. The stock decreased 0.50% or $0.48 during the last trading session, reaching $96.02. About 1.11 million shares traded or 36.56% up from the average. Raymond James Financial, Inc. (NYSE:RJF) has risen 35.08% since June 23, 2017 and is uptrending. It has outperformed by 22.51% the S&P500.

Ira Unschuld decreased its stake in Microsemi Corp (MSCC) by 20.38% based on its latest 2018Q1 regulatory filing with the SEC. Brant Point Investment Management Llc sold 33,949 shares as the company’s stock rose 7.00% while stock markets declined. The hedge fund run by Ira Unschuld held 132,651 shares of the semiconductors company at the end of 2018Q1, valued at $8.59 million, down from 166,600 at the end of the previous reported quarter. Brant Point Investment Management Llc who had been investing in Microsemi Corp for a number of months, seems to be less bullish one the $8.11 billion market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $68.74. About 4.80 million shares traded or 72.51% up from the average. Microsemi Corporation (NASDAQ:MSCC) has risen 37.87% since June 23, 2017 and is uptrending. It has outperformed by 25.30% the S&P500. Some Historical MSCC News: 17/04/2018 – Microsemi’s Mi-V Ecosystem Continues to Expand as New Member Antmicro Joins to Develop Mi-V RISC-V Processor Subsystems for Pol; 15/05/2018 – Tig Advisors Buys New 1.3% Position in Microsemi; 21/03/2018 – Microsemi Announces Availability of Switchtec PCle Gen 4 Switch Development Platform; 23/04/2018 – MICROCHIP TECHNOLOGY – ANTICIPATES THAT MICROSEMI DEAL WILL BE COMPLETED IN JUNE 2018; 07/05/2018 – Microsemi and SiFive Launch HiFive Unleashed Expansion Board, Enabling Linux Software and Firmware Developers to Build RISC-V PCs for the First Time; 23/05/2018 – Microsemi Wins “Outstanding Components Vendor” Award from Light Reading; 23/04/2018 – Microchip: Special Meeting of Microsemi Stockholders to Consider Approval to Be Held on May 22; 19/04/2018 – Microsemi Collaborates with MathWorks to Deliver First Integrated FPGA-in-the-Loop Workflow for PolarFire and SmartFusion2 FPGA; 18/04/2018 – Microsemi’s PolarFire FPGA Wins China Electronic Market Magazine’s Editor’s Choice Award for Most Competitive FPGA Product in C; 23/04/2018 – Microchip Technology Announces MOFCOM Review Of Its Acquisition Of Microsemi Under Simplified Procedure

Brant Point Investment Management Llc, which manages about $798.12M and $1.38 billion US Long portfolio, upped its stake in Waste Connections Inc by 10,504 shares to 108,516 shares, valued at $7.79 million in 2018Q1, according to the filing. It also increased its holding in Knight Swift Transn Hldgs In (Call) by 22,200 shares in the quarter, for a total of 52,200 shares, and has risen its stake in Milacron Hldgs Corp.

Since March 8, 2018, it had 0 buys, and 4 sales for $821,093 activity. $243,405 worth of stock was sold by FOLINO PAUL F on Thursday, May 10. Goerner Frederick C sold 2,102 shares worth $136,130.

Investors sentiment decreased to 0.75 in 2018 Q1. Its down 0.40, from 1.15 in 2017Q4. It dived, as 67 investors sold MSCC shares while 103 reduced holdings. 64 funds opened positions while 64 raised stakes. 100.07 million shares or 9.94% less from 111.11 million shares in 2017Q4 were reported. Destination Wealth Mngmt reported 23 shares. Credit Suisse Ag reported 262,497 shares stake. Sei Invs invested in 0.04% or 178,909 shares. Panagora Asset Management Inc reported 0.05% stake. Millennium Management Ltd stated it has 0% in Microsemi Corporation (NASDAQ:MSCC). Dupont Capital has invested 0.06% of its portfolio in Microsemi Corporation (NASDAQ:MSCC). Glenmede Na, Pennsylvania-based fund reported 948,504 shares. Geode Capital Mngmt Limited Liability Com owns 0.02% invested in Microsemi Corporation (NASDAQ:MSCC) for 1.05M shares. Walleye Trading Ltd Liability Co holds 0.01% or 26,728 shares in its portfolio. Public Employees Retirement Sys Of Ohio has 96,978 shares for 0.03% of their portfolio. Parametric Portfolio Assocs Ltd Liability Com reported 113,852 shares. New York-based Brant Point Investment Mngmt Ltd Liability Corp has invested 0.62% in Microsemi Corporation (NASDAQ:MSCC). Stifel Financial owns 17,633 shares for 0% of their portfolio. Moreover, Magnetar Ltd Co has 5.56% invested in Microsemi Corporation (NASDAQ:MSCC) for 3.41 million shares. Price T Rowe Assoc Incorporated Md owns 5.28 million shares for 0.05% of their portfolio.

More news for Microsemi Corporation (NASDAQ:MSCC) were recently published by: Seekingalpha.com, which released: “PRAH +3% on MidCap 400 move; ABMD to S&P 500” on May 25, 2018. Streetinsider.com‘s article titled: “Microchip Technology (MCHP) Completes Acquisition of Microsemi (MSCC)” and published on May 29, 2018 is yet another important article.

Among 19 analysts covering Microsemi (NASDAQ:MSCC), 5 have Buy rating, 0 Sell and 14 Hold. Therefore 26% are positive. Microsemi had 66 analyst reports since August 3, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of MSCC in report on Wednesday, August 30 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Friday, January 27 with “Buy”. Topeka Capital Markets maintained the stock with “Buy” rating in Friday, January 29 report. Susquehanna maintained Microsemi Corporation (NASDAQ:MSCC) on Friday, July 28 with “Buy” rating. On Monday, September 21 the stock rating was upgraded by Zacks to “Hold”. BMO Capital Markets maintained Microsemi Corporation (NASDAQ:MSCC) rating on Tuesday, July 18. BMO Capital Markets has “Buy” rating and $6200 target. The rating was maintained by RBC Capital Markets with “Buy” on Friday, November 10. Stifel Nicolaus downgraded the stock to “Hold” rating in Friday, March 2 report. SunTrust maintained the stock with “Buy” rating in Friday, January 26 report. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, January 4.

Since January 29, 2018, it had 0 insider buys, and 6 sales for $4.28 million activity. Allison Paul D sold $637,894 worth of stock or 6,600 shares. 2,270 shares valued at $220,170 were sold by Santelli Jonathan N on Friday, May 25. Bunn James E sold $288,930 worth of Raymond James Financial, Inc. (NYSE:RJF) on Tuesday, January 30. ACKART JENNIFER C sold 5,000 shares worth $455,000. Another trade for 20,003 shares valued at $1.97M was sold by ZANK DENNIS W.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.23, from 1.21 in 2017Q4. It fall, as 34 investors sold RJF shares while 156 reduced holdings. 54 funds opened positions while 132 raised stakes. 99.89 million shares or 1.98% more from 97.95 million shares in 2017Q4 were reported. Invesco Limited holds 0.01% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 307,988 shares. Mitsubishi Ufj Tru & Corporation owns 263,211 shares or 0.04% of their US portfolio. Caisse De Depot Et Placement Du Quebec reported 0% in Raymond James Financial, Inc. (NYSE:RJF). Oppenheimer Asset has 46,533 shares. Hanson Mcclain holds 0% or 1 shares in its portfolio. Intrust Fincl Bank Na reported 4,301 shares or 0.11% of all its holdings. Timber Hill Lc holds 0.05% or 3,449 shares in its portfolio. Citigroup stated it has 197,022 shares or 0.01% of all its holdings. Huntington National Bank & Trust holds 0.01% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 8,763 shares. Driehaus Capital Mngmt Ltd Co stated it has 0.02% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Rr Ptnrs Ltd Partnership has 6.19% invested in Raymond James Financial, Inc. (NYSE:RJF). Nomura Asset Limited owns 47,211 shares for 0.05% of their portfolio. Toronto Dominion State Bank reported 0.01% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Kepos Limited Partnership reported 0.02% stake. Trust Department Mb Bank & Trust N A invested in 0% or 50 shares.

Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on July, 25. They expect $1.64 EPS, up 30.16% or $0.38 from last year’s $1.26 per share. RJF’s profit will be $231.43M for 14.64 P/E if the $1.64 EPS becomes a reality. After $1.63 actual EPS reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts 0.61% EPS growth.

Private Capital Management Llc, which manages about $900.00M and $636.50 million US Long portfolio, upped its stake in Caesarstone Ltd. (NASDAQ:CSTE) by 69,930 shares to 492,760 shares, valued at $9.68 million in 2018Q1, according to the filing. It also increased its holding in Vasco Data Security Intl. (NASDAQ:VDSI) by 182,175 shares in the quarter, for a total of 1.06M shares, and has risen its stake in Avid Technology Inc. (NASDAQ:AVID).

Among 14 analysts covering Raymond James Financial Inc. (NYSE:RJF), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Raymond James Financial Inc. had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Buy” rating by Nomura on Thursday, January 5. Keefe Bruyette & Woods maintained Raymond James Financial, Inc. (NYSE:RJF) rating on Thursday, January 25. Keefe Bruyette & Woods has “Hold” rating and $102.0 target. The rating was maintained by Keefe Bruyette & Woods on Sunday, August 27 with “Hold”. The company was maintained on Thursday, April 5 by Keefe Bruyette & Woods. As per Monday, February 22, the company rating was maintained by Credit Suisse. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Buy” rating by Buckingham Research given on Friday, October 27. The stock has “Mkt Perform” rating by JMP Securities on Friday, October 28. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Hold” rating given on Monday, June 26 by Keefe Bruyette & Woods. Citigroup maintained it with “Neutral” rating and $91 target in Monday, November 13 report.

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