As Flex LTD (FLEX) Stock Value Declined, Shareholder Lateef Investment Management LP Raised Its Stake

Flex Ltd. (NASDAQ:FLEX) LogoInvestors sentiment decreased to 0.95 in Q2 2018. Its down 0.19, from 1.14 in 2018Q1. It fall, as 52 investors sold FLEX shares while 86 reduced holdings. 40 funds opened positions while 91 raised stakes. 481.03 million shares or 1.45% less from 488.10 million shares in 2018Q1 were reported. Wellington Mgmt Grp Incorporated Limited Liability Partnership reported 49.26 million shares or 0.15% of all its holdings. Lateef Investment Mngmt Limited Partnership, California-based fund reported 2.47M shares. Sphera Funds Mgmt Limited owns 0.51% invested in Flex Ltd. (NASDAQ:FLEX) for 259,824 shares. 27,475 were accumulated by Panagora Asset Mgmt Incorporated. Lesa Sroufe accumulated 325,306 shares. Parkside Fincl Bank And Tru owns 5 shares for 0% of their portfolio. Valley National Advisers Inc holds 81 shares or 0% of its portfolio. Thornburg Mngmt Inc reported 1.93M shares. Comm Bancorp reported 0% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Factory Mutual owns 2.13 million shares or 0.32% of their US portfolio. Morgan Stanley invested 0.01% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Becker invested in 1.08M shares or 0.51% of the stock. Principal Incorporated stated it has 0% in Flex Ltd. (NASDAQ:FLEX). Citadel Advsr Limited Liability has 0% invested in Flex Ltd. (NASDAQ:FLEX). Amundi Pioneer Asset has invested 0.01% in Flex Ltd. (NASDAQ:FLEX).

Since June 19, 2018, it had 0 insider buys, and 24 selling transactions for $10.80 million activity. Barbier Francois sold $207,688 worth of stock or 14,493 shares. 99,695 shares were sold by Humphries Paul, worth $1.44M. 2,298 shares valued at $30,940 were sold by Tan Lay Koon on Thursday, August 16. Britt Douglas sold 41,218 shares worth $597,257. MCNAMARA MICHAEL M also sold $3.47 million worth of Flex Ltd. (NASDAQ:FLEX) shares. 1,939 Flex Ltd. (NASDAQ:FLEX) shares with value of $26,792 were sold by Bennett David P.

Lateef Investment Management Lp increased its stake in Flex Ltd (FLEX) by 39.32% based on its latest 2018Q2 regulatory filing with the SEC. Lateef Investment Management Lp bought 696,954 shares as the company’s stock declined 6.52% while stock markets rallied. The institutional investor held 2.47M shares of the electrical products company at the end of 2018Q2, valued at $34.84 million, up from 1.77M at the end of the previous reported quarter. Lateef Investment Management Lp who had been investing in Flex Ltd for a number of months, seems to be bullish on the $4.46 billion market cap company. The stock increased 0.59% or $0.05 during the last trading session, reaching $8.47. About 5.35 million shares traded. Flex Ltd. (NASDAQ:FLEX) has declined 21.72% since December 7, 2017 and is downtrending. It has underperformed by 37.34% the S&P500.

More notable recent Flex Ltd. (NASDAQ:FLEX) news were published by: Nasdaq.com which released: “New Strong Sell Stocks for November 30th – Nasdaq” on November 30, 2018, also Nasdaq.com with their article: “Twilio, Inc Earnings: 31% More Customers Drive 68% Sales Growth – Nasdaq” published on November 08, 2018, Nasdaq.com published: “3D Systems Boosts Metal 3D Printing With DMP 350 Printers – Nasdaq” on November 15, 2018. More interesting news about Flex Ltd. (NASDAQ:FLEX) were released by: Nasdaq.com and their article: “New Strong Sell Stocks for December 4th – Nasdaq” published on December 04, 2018 as well as Nasdaq.com‘s news article titled: “CHF Solutions Launches Educational Webinar Discussing the Benefits of Aquadex FlexFlow┬« Therapy Following Cardiovascular Surgery with Cardiovascular Surgeon, Daniel Beckles, MD, Ph.D. – Nasdaq” with publication date: November 15, 2018.

Flex Ltd. (NASDAQ:FLEX) Ratings Coverage

Among 4 analysts covering Flex (NASDAQ:FLEX), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Flex had 4 analyst reports since June 18, 2018 according to SRatingsIntel. The company was downgraded on Tuesday, October 30 by Argus Research. Standpoint Research upgraded Flex Ltd. (NASDAQ:FLEX) on Monday, June 18 to “Buy” rating. The company was downgraded on Friday, October 26 by Needham. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, October 29 report.

Flex Ltd. (NASDAQ:FLEX) Ratings Chart

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