Picton Mahoney Asset Management Decreased Micron Technology (MU) Holding by $627,300 as Market Value Rose; Berkshire Asset Management Has Raised Stake in Leggett & Platt (LEG)

April 19, 2018 - By Adrian Mccoy

Micron Technology, Inc. (NASDAQ:MU) Logo

Picton Mahoney Asset Management decreased its stake in Micron Technology Inc (MU) by 3.45% based on its latest 2017Q4 regulatory filing with the SEC. Picton Mahoney Asset Management sold 15,300 shares as the company’s stock rose 18.77% while stock markets declined. The institutional investor held 428,600 shares of the technology company at the end of 2017Q4, valued at $17.62 million, down from 443,900 at the end of the previous reported quarter. Picton Mahoney Asset Management who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $59.92 billion market cap company. The stock decreased 4.34% or $2.35 during the last trading session, reaching $51.66. About 30.59M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since April 19, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

Berkshire Asset Management Llc increased its stake in Leggett & Platt (LEG) by 6.1% based on its latest 2017Q4 regulatory filing with the SEC. Berkshire Asset Management Llc bought 27,931 shares as the company’s stock declined 7.31% with the market. The hedge fund held 485,935 shares of the consumer durables company at the end of 2017Q4, valued at $23.19 million, up from 458,004 at the end of the previous reported quarter. Berkshire Asset Management Llc who had been investing in Leggett & Platt for a number of months, seems to be bullish on the $5.77B market cap company. The stock decreased 2.36% or $1.06 during the last trading session, reaching $43.78. About 543,223 shares traded. Leggett & Platt, Incorporated (NYSE:LEG) has declined 12.44% since April 19, 2017 and is downtrending. It has underperformed by 23.99% the S&P500.

Since December 12, 2017, it had 0 buys, and 5 sales for $1.67 million activity. ENLOE ROBERT TED III sold $265,074 worth of stock. DeSonier David M had sold 10,000 shares worth $452,750. Another trade for 10,000 shares valued at $474,100 was made by GLASSMAN KARL G on Thursday, March 15. On Wednesday, February 7 Douglas Scott S sold $470,129 worth of Leggett & Platt, Incorporated (NYSE:LEG) or 10,000 shares.

Among 10 analysts covering Leggett & Platt (NYSE:LEG), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Leggett & Platt had 21 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, July 28. The firm earned “Underperform” rating on Friday, July 29 by Hilliard Lyons. The firm has “” rating by Raymond James given on Monday, August 31. The stock of Leggett & Platt, Incorporated (NYSE:LEG) earned “Buy” rating by Piper Jaffray on Thursday, July 13. The stock of Leggett & Platt, Incorporated (NYSE:LEG) earned “Strong Buy” rating by Raymond James on Wednesday, February 1. On Wednesday, October 11 the stock rating was maintained by Piper Jaffray with “Buy”. On Friday, September 11 the stock rating was upgraded by JP Morgan to “Overweight”. The stock of Leggett & Platt, Incorporated (NYSE:LEG) earned “Buy” rating by Piper Jaffray on Monday, August 14. The stock of Leggett & Platt, Incorporated (NYSE:LEG) earned “Buy” rating by Suntrust Robinson on Friday, September 22. The rating was upgraded by Gabelli to “Buy” on Wednesday, February 7.

Investors sentiment increased to 1.2 in 2017 Q4. Its up 0.08, from 1.12 in 2017Q3. It improved, as 34 investors sold LEG shares while 128 reduced holdings. 58 funds opened positions while 137 raised stakes. 94.38 million shares or 6.18% more from 88.88 million shares in 2017Q3 were reported. State Of Alaska Department Of Revenue holds 24,180 shares. 14,063 are owned by Panagora Asset Mngmt. California State Teachers Retirement Sys owns 221,022 shares for 0.02% of their portfolio. Fmr Ltd Liability has 33,494 shares. Palo, California-based fund reported 18,408 shares. Nikko Asset Americas holds 0% in Leggett & Platt, Incorporated (NYSE:LEG) or 2,500 shares. Cadence Mgmt Lc stated it has 14,005 shares or 0.04% of all its holdings. Keybank Association Oh has 0% invested in Leggett & Platt, Incorporated (NYSE:LEG). Numeric owns 15,700 shares. Waddell Reed Finance, a Kansas-based fund reported 206,175 shares. Da Davidson And holds 22,250 shares or 0.02% of its portfolio. The Florida-based Palisades Hudson Asset Management Limited Partnership has invested 0.14% in Leggett & Platt, Incorporated (NYSE:LEG). Legal & General Gp Public Lc invested 0.03% in Leggett & Platt, Incorporated (NYSE:LEG). Amica Retiree Tru reported 1,167 shares. 11,197 are held by Raymond James Na.

Picton Mahoney Asset Management, which manages about $1.40B US Long portfolio, upped its stake in Salesforce Com Inc (NYSE:CRM) by 75,200 shares to 309,480 shares, valued at $31.64M in 2017Q4, according to the filing. It also increased its holding in Encana Corp (NYSE:ECA) by 24,700 shares in the quarter, for a total of 465,600 shares, and has risen its stake in Parker Hannifin Corp (NYSE:PH).

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 34 have Buy rating, 1 Sell and 7 Hold. Therefore 81% are positive. Micron Technology Inc. had 238 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Hold” rating by Standpoint Research on Monday, August 29. Cowen & Co maintained it with “Outperform” rating and $15 target in Wednesday, June 8 report. The firm earned “Buy” rating on Thursday, October 12 by Mizuho. Nomura maintained it with “Buy” rating and $23 target in Wednesday, September 21 report. The rating was maintained by BMO Capital Markets on Wednesday, December 20 with “Hold”. The firm has “Overweight” rating by Morgan Stanley given on Friday, March 23. The rating was maintained by JP Morgan on Friday, March 23 with “Overweight”. As per Tuesday, April 19, the company rating was reinitiated by Pacific Crest. Mizuho upgraded it to “Buy” rating and $12 target in Tuesday, February 16 report. Wells Fargo upgraded Micron Technology, Inc. (NASDAQ:MU) on Tuesday, September 29 to “Outperform” rating.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on July, 5. They expect $2.81 EPS, up 100.71% or $1.41 from last year’s $1.4 per share. MU’s profit will be $3.26B for 4.60 P/E if the $2.81 EPS becomes a reality. After $2.80 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 0.36% EPS growth.

Leggett & Platt, Incorporated (NYSE:LEG) Institutional Positions Chart

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