Vestor Capital Lowered Holding in Micron Technology (MU) by $2.51 Million; Kennedy Capital Management Cut Ddr (DDR) Stake by $353,269 as Stock Declined

June 14, 2018 - By Marguerite Chambers

Micron Technology, Inc. (NASDAQ:MU) Logo

Kennedy Capital Management Inc decreased its stake in Ddr Corp (DDR) by 8.4% based on its latest 2018Q1 regulatory filing with the SEC. Kennedy Capital Management Inc sold 50,467 shares as the company’s stock declined 7.53% with the market. The institutional investor held 550,160 shares of the real estate investment trusts company at the end of 2018Q1, valued at $4.03M, down from 600,627 at the end of the previous reported quarter. Kennedy Capital Management Inc who had been investing in Ddr Corp for a number of months, seems to be less bullish one the $3.17B market cap company. The stock increased 0.56% or $0.095 during the last trading session, reaching $17.135. About 1.49 million shares traded. DDR Corp. (NYSE:DDR) has declined 19.01% since June 14, 2017 and is downtrending. It has underperformed by 31.58% the S&P500. Some Historical DDR News: 11/05/2018 – CAPITAL GROWTH EXITED SKX, DDR, DHI, MLCO, BBY IN 1Q: 13F; 14/05/2018 – LONG POND EXITED EQR, BKD, DDR, NMRK IN 1Q: 13F; 24/04/2018 – DDR Corp 1Q Loss/Shr 17c; 21/04/2018 – DJ DDR Corp, Inst Holders, 1Q 2018 (DDR); 06/03/2018 DDR Declares First Quarter 2018 Class J, Class K, and Class A Preferred Share Dividends; 24/04/2018 – DDR Corp 1Q Rev $207M; 24/04/2018 – DDR 1Q REV. $207.0M, EST. $196.4M; 15/03/2018 – RElTs slip anew despite minor exposure to Toys ‘R’ Us closings; 24/04/2018 – DDR 1Q OPER FFO/SHR 26C, EST. 24C; 16/05/2018 – Japanese Investors Buy DDR, Weatherford; Sell Host Hotels: 13F

Vestor Capital Llc decreased its stake in Micron Technology Inc (MU) by 41.63% based on its latest 2018Q1 regulatory filing with the SEC. Vestor Capital Llc sold 48,190 shares as the company’s stock rose 27.87% while stock markets declined. The institutional investor held 67,570 shares of the technology company at the end of 2018Q1, valued at $3.52M, down from 115,760 at the end of the previous reported quarter. Vestor Capital Llc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $68.46 billion market cap company. The stock decreased 1.70% or $1.02 during the last trading session, reaching $59.03. About 35.53 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 108.46% since June 14, 2017 and is uptrending. It has outperformed by 95.89% the S&P500. Some Historical MU News: 22/03/2018 – Micron Technology 2nd-qtr quarter profit jumps; 21/05/2018 – MU SEES 3Q ADJ. REV. $7.7B-$7.8B, SAW $7.2B-$7.6B, EST.$7.47B; 14/05/2018 – Coatue Adds Micron, Exits Bank of America, Cuts Nvidia: 13F; 22/03/2018 – Micron’s Results Weren’t Quite Chipper Enough — Heard on the Street; 19/03/2018 – The bank’s top picks growth picks include Micron, Netflix and Amazon; 06/04/2018 – Micron Closes Below 50-Day Moving Average: Technicals; 22/05/2018 – MICRON TECHNOLOGY INC MU.O : DEUTSCHE BANK RAISES TARGET PRICE TO $72 FROM $68; 17/03/2018 – Interview: Micron unruffled by rise of Chinese chipmakers; 11/05/2018 – HOSOKAWA MICRON 6277.T 6-MTH GROUP RECURRING PROFIT 3.12 BLN YEN (+35.5 %), 2017/18 FORECAST PROFIT 5.30 BLN YEN (+1.5 %); 07/05/2018 – Hosokawa Micron Reports Group Half-Year Earnings Forecasts

Since February 21, 2018, it had 15 insider purchases, and 1 insider sale for $80.47 million activity. $176,774 worth of DDR Corp. (NYSE:DDR) was sold by Roulston Scott D.

Analysts await DDR Corp. (NYSE:DDR) to report earnings on July, 25. They expect $0.49 earnings per share, down 18.33% or $0.11 from last year’s $0.6 per share. DDR’s profit will be $90.54 million for 8.74 P/E if the $0.49 EPS becomes a reality. After $0.52 actual earnings per share reported by DDR Corp. for the previous quarter, Wall Street now forecasts -5.77% negative EPS growth.

More news for DDR Corp. (NYSE:DDR) were recently published by: Forbes.com, which released: “DDR To Spin-Off Retail Value On July 1” on June 06, 2018. Businesswire.com‘s article titled: “DDR Announces Spin-Off Record and Distribution Dates; RVI Files Form 10 Publicly with SEC” and published on June 04, 2018 is yet another important article.

Kennedy Capital Management Inc, which manages about $5.67B and $5.14B US Long portfolio, upped its stake in Spectrum Pharmaceuticals Inc (NASDAQ:SPPI) by 81,035 shares to 232,027 shares, valued at $3.73 million in 2018Q1, according to the filing. It also increased its holding in Pdc Energy Inc (NASDAQ:PDCE) by 32,587 shares in the quarter, for a total of 160,908 shares, and has risen its stake in Universal Electronics Inc (NASDAQ:UEIC).

Among 24 analysts covering Developers Diversified Realty (NYSE:DDR), 4 have Buy rating, 3 Sell and 17 Hold. Therefore 17% are positive. Developers Diversified Realty had 71 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, July 27. Deutsche Bank maintained it with “Buy” rating and $19 target in Friday, August 7 report. On Monday, December 4 the stock rating was downgraded by Evercore to “In-Line”. The stock of DDR Corp. (NYSE:DDR) has “Equal-Weight” rating given on Tuesday, March 27 by Morgan Stanley. On Wednesday, July 27 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock of DDR Corp. (NYSE:DDR) earned “Hold” rating by Stifel Nicolaus on Friday, December 15. The rating was maintained by JP Morgan on Tuesday, May 1 with “Neutral”. KeyBanc Capital Markets upgraded DDR Corp. (NYSE:DDR) on Friday, April 15 to “Overweight” rating. The company was maintained on Tuesday, April 24 by Stifel Nicolaus. Boenning \u0026 Scattergood downgraded the stock to “Underperform” rating in Tuesday, October 3 report.

Investors sentiment increased to 1.05 in Q1 2018. Its up 0.02, from 1.03 in 2017Q4. It improved, as 37 investors sold DDR shares while 68 reduced holdings. 34 funds opened positions while 76 raised stakes. 300.66 million shares or 3.37% more from 290.86 million shares in 2017Q4 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 33,495 shares. Bancshares Of Mellon stated it has 4.15M shares or 0.01% of all its holdings. Heitman Real Est Secs Limited Company has 0.62% invested in DDR Corp. (NYSE:DDR). Vident Inv Advisory Limited Co reported 13,781 shares stake. Macquarie Gru Ltd reported 223,450 shares. Moreover, Amundi Pioneer Asset has 0% invested in DDR Corp. (NYSE:DDR). Kbc Gru Nv holds 0.01% or 202,911 shares in its portfolio. Geode Cap Ltd Limited Liability Company has 3.24 million shares for 0.01% of their portfolio. Barclays Public Ltd accumulated 449,252 shares. Rmb Management Ltd Liability Corporation reported 68,773 shares. Canada Pension Plan Investment Board reported 433,500 shares. Sequoia Advisors reported 10,945 shares. State Board Of Administration Of Florida Retirement Systems reported 494,445 shares or 0.01% of all its holdings. Hbk Ltd Partnership owns 273,100 shares. Lsv Asset Management has 7.69M shares.

Among 44 analysts covering Micron Technology Inc. (NASDAQ:MU), 34 have Buy rating, 1 Sell and 9 Hold. Therefore 77% are positive. Micron Technology Inc. had 251 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, March 1 by Goldman Sachs. M Partners maintained the stock with “Buy” rating in Thursday, December 14 report. Standpoint Research downgraded Micron Technology, Inc. (NASDAQ:MU) on Monday, August 29 to “Hold” rating. On Monday, September 28 the stock rating was maintained by Cowen & Co with “Market Perform”. Barclays Capital maintained it with “Outperform” rating and $23 target in Wednesday, October 5 report. On Monday, June 26 the stock rating was maintained by Wells Fargo with “Buy”. On Wednesday, October 11 the stock rating was maintained by Wells Fargo with “Buy”. The rating was upgraded by M Partners on Tuesday, September 8 to “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Monday, October 23 by Citigroup. KeyBanc Capital Markets maintained the shares of MU in report on Friday, March 23 with “Overweight” rating.

Investors sentiment decreased to 1.13 in 2018 Q1. Its down 0.11, from 1.24 in 2017Q4. It turned negative, as 52 investors sold MU shares while 282 reduced holdings. 138 funds opened positions while 241 raised stakes. 846.69 million shares or 4.13% less from 883.15 million shares in 2017Q4 were reported. Fukoku Mutual Life Ins holds 4,100 shares. 8.44M were accumulated by Donald Smith &. Lombard Odier Asset (Switzerland) holds 43,159 shares. Liberty Mutual Grp Asset Mgmt holds 0.07% or 44,402 shares. Banque Pictet And Cie Sa accumulated 244,144 shares or 0.27% of the stock. Sensato Invsts Ltd stated it has 1.32% in Micron Technology, Inc. (NASDAQ:MU). New York State Teachers Retirement Sys accumulated 1.83M shares. Regentatlantic Cap Lc owns 259,433 shares. Glaxis Capital Management Ltd Liability Company reported 4.75% stake. Clarivest Asset Ltd Llc reported 10,071 shares. Groesbeck Investment Management Corp Nj has 38,200 shares for 1.44% of their portfolio. Pictet North America Advisors Sa owns 0.16% invested in Micron Technology, Inc. (NASDAQ:MU) for 20,059 shares. Veritable Lp reported 19,358 shares. Cls Invs Ltd Company accumulated 3 shares. Gotham Asset Ltd owns 1.48 million shares.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron: Ignore The Fear, Uncertainty And Doubt” on June 07, 2018, also Fool.com with their article: “Here’s How Micron Technology Inc. Stock Rose 25.3% in May” published on June 14, 2018, Seekingalpha.com published: “Micron: The Case For $100” on June 11, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron: Pessimism Is An Opportunity” published on June 06, 2018 as well as Seekingalpha.com‘s news article titled: “Micron Technology: 2018 Target Prices” with publication date: June 13, 2018.

Since January 2, 2018, it had 0 buys, and 15 insider sales for $9.36 million activity. $1.26 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by JOHNSON MERCEDES. $129,520 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by BAILEY ROBERT L. The insider Mondry Lawrence N sold $2.17M. 1,222 shares were sold by ARNZEN APRIL S, worth $53,487. $665,058 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Byrne Patrick J. $1.36M worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Thorsen Steven L. JR on Tuesday, May 8.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on June, 20 after the close. They expect $3.10 EPS, up 121.43% or $1.70 from last year’s $1.4 per share. MU’s profit will be $3.60 billion for 4.76 P/E if the $3.10 EPS becomes a reality. After $2.80 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 10.71% EPS growth.

Micron Technology, Inc. (NASDAQ:MU) Institutional Positions Chart

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:


>