Newbrook Capital Advisors LP Raised Its Electronic Arts (EA) Stake by $29.18 Million; Oppenheimer & Close Raised Stake in Mcewen Mng (MUX) by $606,090

January 12, 2018 - By Dolores Ford

Robert Boucai increased its stake in Electronic Arts Inc (EA) by 65.07% based on its latest 2017Q3 regulatory filing with the SEC. Newbrook Capital Advisors Lp bought 247,304 shares as the company’s stock rose 23.30% with the market. The hedge fund run by Robert Boucai held 627,344 shares of the prepackaged software company at the end of 2017Q3, valued at $74.06 million, up from 380,040 at the end of the previous reported quarter. Newbrook Capital Advisors Lp who had been investing in Electronic Arts Inc for a number of months, seems to be bullish on the $34.84B market cap company. The stock increased 1.01% or $1.13 during the last trading session, reaching $113.13. About 3.26 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since January 12, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

Oppenheimer & Close Llc increased its stake in Mcewen Mng Inc (MUX) by 54.03% based on its latest 2017Q3 regulatory filing with the SEC. Oppenheimer & Close Llc bought 606,090 shares as the company’s stock declined 30.02% while stock markets rallied. The institutional investor held 1.73 million shares of the precious metals company at the end of 2017Q3, valued at $3.37M, up from 1.12M at the end of the previous reported quarter. Oppenheimer & Close Llc who had been investing in Mcewen Mng Inc for a number of months, seems to be bullish on the $803.70M market cap company. The stock increased 2.80% or $0.065 during the last trading session, reaching $2.385. About 3.75M shares traded or 51.31% up from the average. McEwen Mining Inc. (NYSE:MUX) has risen 12.45% since January 12, 2017 and is uptrending. It has underperformed by 4.25% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 30 selling transactions for $30.68 million activity. 68,072 shares were sold by PROBST LAWRENCE F III, worth $8.09 million on Wednesday, August 16. Soderlund Patrick also sold $543,265 worth of Electronic Arts Inc. (NASDAQ:EA) shares. Moss Kenneth A also sold $583,595 worth of Electronic Arts Inc. (NASDAQ:EA) shares. Schatz Jacob J. had sold 1,000 shares worth $113,600 on Friday, October 20. Miele Laura sold $87,758 worth of stock. Another trade for 200 shares valued at $21,040 was made by Singh Vijayanthimala on Thursday, December 14.

Among 26 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Electronic Arts had 78 analyst reports since July 28, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Buy” rating in Friday, May 26 report. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Neutral” rating by Mizuho on Wednesday, November 2. The firm has “Long-Term Buy” rating given on Wednesday, March 30 by Hilliard Lyons. As per Monday, October 2, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Tuesday, October 31 by Oppenheimer. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Bank of America on Wednesday, July 26. Jefferies maintained Electronic Arts Inc. (NASDAQ:EA) rating on Wednesday, November 1. Jefferies has “Buy” rating and $138.0 target. Piper Jaffray maintained the stock with “Buy” rating in Friday, July 28 report. Atlantic Securities upgraded the stock to “Overweight” rating in Friday, December 4 report.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.12, from 1.03 in 2017Q2. It increased, as 35 investors sold EA shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported. Jackson Square Partners Limited Liability has 4.63 million shares. Public Employees Retirement Association Of Colorado owns 0.05% invested in Electronic Arts Inc. (NASDAQ:EA) for 56,499 shares. State Of Alaska Department Of Revenue holds 0.05% or 8,649 shares in its portfolio. Palo has invested 1.1% in Electronic Arts Inc. (NASDAQ:EA). Fiduciary Tru invested in 0.02% or 5,522 shares. Contravisory Invest Mngmt reported 10 shares. First Republic Invest Mngmt reported 6,133 shares or 0.01% of all its holdings. American Intl stated it has 124,522 shares. Schroder Invest Management Gp reported 294,907 shares. Btc Management stated it has 0.05% in Electronic Arts Inc. (NASDAQ:EA). Dimensional Fund Advisors Limited Partnership has 740,692 shares. Goldman Sachs Group has invested 0.14% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). National Bank & Trust Of Stockton accumulated 14,100 shares or 0.76% of the stock. Pictet Asset Mgmt accumulated 337,096 shares. Ameriprise has 6.45M shares.

Newbrook Capital Advisors Lp, which manages about $2.18B and $1.38B US Long portfolio, decreased its stake in Planet Fitness Inc by 479,483 shares to 3.33M shares, valued at $89.87M in 2017Q3, according to the filing. It also reduced its holding in F M C Corp (NYSE:FMC) by 65,079 shares in the quarter, leaving it with 681,048 shares, and cut its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

Oppenheimer & Close Llc, which manages about $284.26M and $96.62 million US Long portfolio, decreased its stake in Hurco Companies Inc (NASDAQ:HURC) by 33,037 shares to 14,375 shares, valued at $598,000 in 2017Q3, according to the filing.

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