Palladium Partners Continues to Hold Stake in Blackrock Com (BLK); Gratry & Company Has Decreased Its Position in Flex LTD (FLEX) by $822,080

January 14, 2018 - By Ellis Scott

Palladium Partners Llc increased its stake in Blackrock Inc Com (BLK) by 4.82% based on its latest 2017Q3 regulatory filing with the SEC. Palladium Partners Llc bought 732 shares as the company’s stock rose 1.17% with the market. The institutional investor held 15,906 shares of the finance company at the end of 2017Q3, valued at $7.11 million, up from 15,174 at the end of the previous reported quarter. Palladium Partners Llc who had been investing in Blackrock Inc Com for a number of months, seems to be bullish on the $89.66B market cap company. The stock increased 3.27% or $17.61 during the last trading session, reaching $555.53. About 941,849 shares traded or 109.58% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since January 14, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Gratry & Company Llc decreased its stake in Flex Ltd (FLEX) by 74.46% based on its latest 2017Q3 regulatory filing with the SEC. Gratry & Company Llc sold 51,380 shares as the company’s stock rose 0.43% with the market. The institutional investor held 17,620 shares of the electrical products company at the end of 2017Q3, valued at $292,000, down from 69,000 at the end of the previous reported quarter. Gratry & Company Llc who had been investing in Flex Ltd for a number of months, seems to be less bullish one the $10.12B market cap company. The stock increased 2.03% or $0.38 during the last trading session, reaching $19.14. About 2.86 million shares traded. Flex Ltd. (NASDAQ:FLEX) has risen 35.11% since January 14, 2017 and is uptrending. It has outperformed by 18.41% the S&P500.

Palladium Partners Llc, which manages about $1.69B and $1.31 billion US Long portfolio, decreased its stake in Ishares Tr Intrmd Cr Bd Etf (CIU) by 7,381 shares to 38,519 shares, valued at $4.24 million in 2017Q3, according to the filing. It also reduced its holding in Stryker Corp Com (NYSE:SYK) by 53,482 shares in the quarter, leaving it with 33,858 shares, and cut its stake in Bb&T Corp Com (NYSE:BBT).

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.10, from 1.28 in 2017Q2. It is positive, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. Churchill Corp owns 0.21% invested in BlackRock, Inc. (NYSE:BLK) for 18,881 shares. Valley National Advisers holds 7 shares. First Manhattan has 0% invested in BlackRock, Inc. (NYSE:BLK) for 404 shares. E&G Advisors Lp holds 2,100 shares. Kentucky Retirement Insurance Trust Fund reported 0.25% of its portfolio in BlackRock, Inc. (NYSE:BLK). Mirador Capital Prns LP stated it has 3,382 shares. Bush Odonnell Inv Advsr reported 4.94% of its portfolio in BlackRock, Inc. (NYSE:BLK). Shell Asset Management has 22,825 shares. Jefferies Grp Inc Ltd Limited Liability Company has 661 shares for 0% of their portfolio. Cetera Ltd Liability has 848 shares for 0.02% of their portfolio. Davis Prtn Ltd Limited Liability Company holds 205,000 shares or 10.84% of its portfolio. Mai Capital Management owns 7,555 shares. Aviva Public Limited Com invested 0.26% in BlackRock, Inc. (NYSE:BLK). Moreover, Aviance Prtnrs Lc has 0.84% invested in BlackRock, Inc. (NYSE:BLK) for 5,574 shares. 1,006 are owned by Burns J W & Ny.

Among 17 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. BlackRock had 77 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Wednesday, August 26. Jefferies maintained BlackRock, Inc. (NYSE:BLK) on Monday, September 25 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The stock has “Neutral” rating by Susquehanna on Thursday, September 3. The firm has “Outperform” rating given on Friday, August 11 by Credit Suisse. The firm has “Hold” rating given on Wednesday, October 11 by Keefe Bruyette & Woods. Jefferies maintained it with “Hold” rating and $465.0 target in Tuesday, October 10 report. As per Thursday, October 12, the company rating was maintained by JP Morgan. UBS upgraded the stock to “Buy” rating in Friday, October 2 report. The firm has “Equal-Weight” rating given on Tuesday, April 5 by Barclays Capital.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.27, from 1.19 in 2017Q2. It worsened, 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. Hsbc Holdings Public Ltd invested in 0% or 52,651 shares. Gmt Cap Corp accumulated 2.85% or 8.07M shares. Quantbot Technologies Limited Partnership reported 5,610 shares stake. Barclays Public Limited Company has 196,049 shares. 378,671 were accumulated by First Republic Invest Mgmt. Janney Montgomery Scott Ltd Limited Liability Company has 17,491 shares for 0% of their portfolio. Teacher Retirement System Of Texas holds 948,296 shares or 0.1% of its portfolio. Tocqueville Asset Mgmt Lp accumulated 1.12M shares. Mitsubishi Ufj Tru And Bk Corp has 0.04% invested in Flex Ltd. (NASDAQ:FLEX) for 1.29M shares. Oppenheimer Asset Mngmt stated it has 45,717 shares. Honeywell Intl Inc holds 0.69% in Flex Ltd. (NASDAQ:FLEX) or 1.18 million shares. Comerica Savings Bank reported 34,249 shares stake. Moreover, Zeke Capital Advsrs Limited Liability has 0.11% invested in Flex Ltd. (NASDAQ:FLEX). Gratry And Communication Lc stated it has 0.36% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Dynamic Capital Management holds 0.15% of its portfolio in Flex Ltd. (NASDAQ:FLEX) for 32,366 shares.

Analysts await Flex Ltd. (NASDAQ:FLEX) to report earnings on January, 25. They expect $0.23 EPS, down 23.33% or $0.07 from last year’s $0.3 per share. FLEX’s profit will be $121.55M for 20.80 P/E if the $0.23 EPS becomes a reality. After $0.38 actual EPS reported by Flex Ltd. for the previous quarter, Wall Street now forecasts -39.47% negative EPS growth.

Since August 3, 2017, it had 0 buys, and 2 sales for $444,327 activity. The insider SHIH WILLY C sold $400,870.

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. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, January 3 report. The firm earned “Sell” rating on Wednesday, September 2 by Zacks. UBS maintained the shares of FLEX in report on Wednesday, August 2 with “Buy” rating. The rating was maintained by Citigroup with “Neutral” on Wednesday, October 21. On Thursday, August 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Citigroup with “Buy” on Friday, April 29. The company was maintained on Tuesday, February 21 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $2100 target in Monday, July 24 report. The company was maintained on Friday, October 27 by Citigroup. Needham maintained Flex Ltd. (NASDAQ:FLEX) rating on Tuesday, October 20. Needham has “Buy” rating and $14 target.

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