Stephen Milligan an Insider in Western Digital (WDC) Sold 53,264 Shares of the Company; Highbridge Capital Management Has Upped Its Hudbay Minerals (Call) (HBM) Holding

March 14, 2018 - By Adrian Erickson

Highbridge Capital Management Llc increased Hudbay Minerals Inc (Call) (HBM) stake by 445.42% reported in 2017Q3 SEC filing. Highbridge Capital Management Llc acquired 111,800 shares as Hudbay Minerals Inc (Call) (HBM)’s stock declined 33.74%. The Highbridge Capital Management Llc holds 136,900 shares with $1.01 million value, up from 25,100 last quarter. Hudbay Minerals Inc (Call) now has $2.06 billion valuation. It closed at $7.8 lastly. It is down 39.53% since March 14, 2017 and is uptrending. It has outperformed by 22.83% the S&P500.

The Chief Executive Officer of Western Digital Corp, Stephen Milligan is in the stock market news today. It was announced in a report filled by Stephen Milligan and submitted to the Security Exchange Commission on March 13, 2018, he sold 53,264 shares from the public company having a value near $5,333,000 U.S. Dollars. The insider shares average price was $100.1. He also sold 23,155 shares that are worth about $2,187,916 USD in the last month. This big deal will probably draw attention, as Stephen Milligan presently owns 0.05% of the total market capitalization of the company.

Among 36 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 11 Hold. Therefore 67% are positive. Western Digital has $140 highest and $39 lowest target. $106.23’s average target is 3.23% above currents $102.91 stock price. Western Digital had 161 analyst reports since July 23, 2015 according to SRatingsIntel. On Thursday, October 12 the stock rating was maintained by UBS with “Neutral”. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Cowen & Co on Tuesday, July 25. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Jefferies on Thursday, June 2. Brean Capital maintained Western Digital Corporation (NASDAQ:WDC) on Thursday, April 28 with “Buy” rating. The firm has “Outperform” rating given on Thursday, January 5 by BMO Capital Markets. The stock has “Overweight” rating by Barclays Capital on Thursday, September 29. The firm earned “Buy” rating on Monday, July 17 by Cowen & Co. Goldman Sachs maintained the stock with “Neutral” rating in Monday, June 6 report. Maxim Group maintained Western Digital Corporation (NASDAQ:WDC) rating on Wednesday, June 21. Maxim Group has “Buy” rating and $10800 target. The firm has “Hold” rating given on Thursday, October 5 by Deutsche Bank.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. The company has market cap of $30.62 billion. It offers performance hard disk drives that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments. It has a 80.21 P/E ratio. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.05, from 1.12 in 2017Q2. It worsened, as 65 investors sold Western Digital Corporation shares while 212 reduced holdings. 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported. Caprock Group holds 0.17% or 9,244 shares in its portfolio. 71,439 are held by Clinton Grp. Public Employees Retirement System Of Ohio accumulated 154,430 shares. S&T Bank Pa has invested 2.77% in Western Digital Corporation (NASDAQ:WDC). Winslow Evans & Crocker Inc accumulated 0.3% or 10,318 shares. Ibm Retirement Fund invested in 7,139 shares or 0.12% of the stock. Rampart Invest Mngmt Commerce Ltd Company, Massachusetts-based fund reported 3,949 shares. 72,761 are owned by Friess Assoc Limited Co. Alliancebernstein Ltd Partnership holds 0.03% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 483,163 shares. Moreover, Whittier Commerce Of Nevada has 0% invested in Western Digital Corporation (NASDAQ:WDC). Eaton Vance Mgmt has invested 0.01% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Freshford Cap Ltd Company holds 1.67% or 93,248 shares in its portfolio. California State Teachers Retirement reported 512,060 shares stake. Summit Secs Group Inc Ltd stated it has 0.3% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Natixis Asset Mgmt accumulated 0.08% or 11,190 shares.

Since September 18, 2017, it had 0 insider purchases, and 9 sales for $17.24 million activity. The insider Sivaram Srinivasan sold 10,865 shares worth $942,109. CORDANO MICHAEL D sold 9,404 shares worth $834,210. RAY MICHAEL CHARLES sold $106,944 worth of stock. 4,466 shares valued at $376,037 were sold by LONG MARK P on Monday, February 5. The insider MILLIGAN STEPHEN D sold 16,511 shares worth $1.39M.

The stock increased 0.05% or $0.05 during the last trading session, reaching $102.91. About 6.89M shares traded or 63.08% up from the average. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since March 14, 2017 and is uptrending. It has outperformed by 109.15% the S&P500.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on April, 26. They expect $2.97 EPS, up 43.48% or $0.90 from last year’s $2.07 per share. WDC’s profit will be $883.76 million for 8.66 P/E if the $2.97 EPS becomes a reality. After $3.62 actual EPS reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts -17.96% negative EPS growth.

Highbridge Capital Management Llc decreased British Amern Tob Plc (Put) (NYSEMKT:BTI) stake by 156,000 shares to 44,000 valued at $2.75M in 2017Q3. It also reduced United Contl Hldgs Inc (Call) (NYSE:UAL) stake by 6,881 shares and now owns 4,100 shares. Qualcomm Inc (Put) (NASDAQ:QCOM) was reduced too.

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