New Oriental Education & Techn (EDU) Shareholder Investec Asset Management North America Lowered Its Holding by $1.84 Million as Stock Value Rose; Flex LTD (FLEX) Market Valuation Rose While Towle & Co Has Boosted by $945,952 Its Position

January 23, 2018 - By wolcottdaily

Towle & Co increased its stake in Flex Ltd (FLEX) by 2.99% based on its latest 2017Q3 regulatory filing with the SEC. Towle & Co bought 59,122 shares as the company’s stock rose 0.43% with the market. The institutional investor held 2.04M shares of the electrical products company at the end of 2017Q3, valued at $33.79 million, up from 1.98 million at the end of the previous reported quarter. Towle & Co who had been investing in Flex Ltd for a number of months, seems to be bullish on the $10.14 billion market cap company. The stock decreased 1.29% or $0.25 during the last trading session, reaching $19.19. About 5.02 million shares traded or 53.41% up from the average. Flex Ltd. (NASDAQ:FLEX) has risen 35.11% since January 23, 2017 and is uptrending. It has outperformed by 18.41% the S&P500.

Investec Asset Management North America Inc decreased its stake in New Oriental Education & Techn (EDU) by 14.57% based on its latest 2017Q3 regulatory filing with the SEC. Investec Asset Management North America Inc sold 20,931 shares as the company’s stock rose 45.08% with the market. The institutional investor held 122,760 shares of the consumer services company at the end of 2017Q3, valued at $10.84 million, down from 143,691 at the end of the previous reported quarter. Investec Asset Management North America Inc who had been investing in New Oriental Education & Techn for a number of months, seems to be less bullish one the $14.11B market cap company. The stock decreased 9.78% or $9.68 during the last trading session, reaching $89.26. About 5.26M shares traded or 223.73% up from the average. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 76.69% since January 23, 2017 and is uptrending. It has outperformed by 59.99% the S&P500.

Since August 3, 2017, it had 0 buys, and 2 sales for $444,327 activity. SHIH WILLY C sold $400,870 worth of Flex Ltd. (NASDAQ:FLEX) on Thursday, August 3.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.27, from 1.19 in 2017Q2. It dropped, as 33 investors sold FLEX shares while 106 reduced holdings. 38 funds opened positions while 90 raised stakes. 497.19 million shares or 0.70% less from 500.69 million shares in 2017Q2 were reported. Northern Trust holds 0.01% in Flex Ltd. (NASDAQ:FLEX) or 1.44M shares. The Indiana-based Old Natl Bancorp In has invested 0.03% in Flex Ltd. (NASDAQ:FLEX). M&T Natl Bank, a New York-based fund reported 45,305 shares. Aperio Group Inc Ltd Liability Com stated it has 0.01% in Flex Ltd. (NASDAQ:FLEX). Greenwich Wealth Ltd Co owns 183,007 shares for 0.52% of their portfolio. 11.07 million were accumulated by Sound Shore Management Ct. Vident Inv Advisory Limited Liability Corporation holds 214,732 shares. Bedrijfstakpensioenfonds Voor De Media Pno reported 64,299 shares. Moreover, Graybill Bartz And Assoc Limited has 2.21% invested in Flex Ltd. (NASDAQ:FLEX). Tiaa Cref Investment Mngmt Limited Liability Corp holds 0.03% or 2.74 million shares. Mgmt Llc invested in 0.58% or 431,018 shares. Thompson Siegel And Walmsley Limited Co holds 0.99% or 5.00M shares in its portfolio. Focused Wealth Mgmt has 0% invested in Flex Ltd. (NASDAQ:FLEX). Public Employees Retirement Association Of Colorado holds 0.01% or 84,659 shares in its portfolio. Primecap Mngmt Ca has 52.81M shares for 0.72% of their portfolio.

Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Flextronics International Ltd. had 46 analyst reports since July 28, 2015 according to SRatingsIntel. Citigroup maintained Flex Ltd. (NASDAQ:FLEX) rating on Friday, October 27. Citigroup has “Buy” rating and $20 target. The rating was upgraded by Citigroup on Friday, December 11 to “Buy”. The firm has “Buy” rating given on Friday, January 29 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 27 report. Raymond James upgraded the shares of FLEX in report on Friday, January 29 to “Strong Buy” rating. The rating was initiated by JP Morgan on Tuesday, April 26 with “Overweight”. RBC Capital Markets maintained Flex Ltd. (NASDAQ:FLEX) on Monday, January 18 with “Outperform” rating. Argus Research maintained the stock with “Buy” rating in Wednesday, November 1 report. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, August 30 report. The rating was maintained by UBS with “Buy” on Wednesday, August 2.

Towle & Co, which manages about $544.94 million and $940.06M US Long portfolio, decreased its stake in Meritor Inc (NYSE:MTOR) by 511,757 shares to 2.57 million shares, valued at $66.84 million in 2017Q3, according to the filing. It also reduced its holding in Skywest Inc (NASDAQ:SKYW) by 54,297 shares in the quarter, leaving it with 1.58 million shares, and cut its stake in Destination Maternity Corporat (NASDAQ:DEST).

Among 12 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. New Oriental Education & Technology Group had 31 analyst reports since September 9, 2015 according to SRatingsIntel. The rating was maintained by Nomura on Thursday, July 21 with “Neutral”. The firm earned “Buy” rating on Friday, January 15 by TH Capital. On Wednesday, October 25 the stock rating was maintained by Jefferies with “Buy”. Brean Capital upgraded the shares of EDU in report on Wednesday, October 21 to “Buy” rating. The stock has “Outperform” rating by Macquarie Research on Friday, October 30. The firm has “Buy” rating by Jefferies given on Friday, July 8. JP Morgan maintained the stock with “Overweight” rating in Wednesday, September 9 report. The rating was upgraded by Mizuho to “Buy” on Thursday, February 4. Jefferies maintained New Oriental Education & Technology Group Inc. (NYSE:EDU) on Thursday, July 13 with “Buy” rating. The firm has “Buy” rating by Brean Capital given on Thursday, July 21.

Investec Asset Management North America Inc, which manages about $2.91 billion and $591.30M US Long portfolio, upped its stake in Dxc Technology Co by 128,272 shares to 140,350 shares, valued at $12.05M in 2017Q3, according to the filing. It also increased its holding in Cigna Corp (NYSE:CI) by 5,692 shares in the quarter, for a total of 79,776 shares, and has risen its stake in Credicorp Ltd (NYSE:BAP).

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>