Edgemoor Investment Advisors Has Lifted Its Medtronic Plc (MDT) Holding; Shorts at Exfo – Subordinate Voting Shares (EXFO) Raised By 206.67%

May 25, 2018 - By Peter Erickson

EXFO Inc (NASDAQ:EXFO) Logo

Exfo Inc – Subordinate Voting Shares (NASDAQ:EXFO) had an increase of 206.67% in short interest. EXFO’s SI was 4,600 shares in May as released by FINRA. Its up 206.67% from 1,500 shares previously. With 7,800 avg volume, 1 days are for Exfo Inc – Subordinate Voting Shares (NASDAQ:EXFO)’s short sellers to cover EXFO’s short positions. The SI to Exfo Inc – Subordinate Voting Shares’s float is 0.02%. The stock decreased 1.43% or $0.05 during the last trading session, reaching $3.45. About 313 shares traded. EXFO Inc (NASDAQ:EXFO) has declined 23.64% since May 25, 2017 and is downtrending. It has underperformed by 35.19% the S&P500.

Edgemoor Investment Advisors Inc increased Medtronic Plc (MDT) stake by 84.93% reported in 2017Q4 SEC filing. Edgemoor Investment Advisors Inc acquired 3,601 shares as Medtronic Plc (MDT)’s stock declined 4.15%. The Edgemoor Investment Advisors Inc holds 7,841 shares with $669,000 value, up from 4,240 last quarter. Medtronic Plc now has $116.67B valuation. The stock decreased 1.05% or $0.91 during the last trading session, reaching $86.08. About 2.15M shares traded. Medtronic plc (NYSE:MDT) has declined 3.54% since May 25, 2017 and is downtrending. It has underperformed by 15.09% the S&P500.

Among 6 analysts covering EXFO (NASDAQ:EXFO), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. EXFO had 20 analyst reports since September 9, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by National Bank Canada given on Thursday, January 7. The rating was initiated by Northland Capital on Wednesday, September 9 with “Outperform”. Canaccord Genuity maintained the shares of EXFO in report on Wednesday, April 11 with “Hold” rating. Northland Capital maintained the stock with “Buy” rating in Friday, June 30 report. The firm has “Hold” rating by BMO Capital Markets given on Thursday, June 29. RBC Capital Markets maintained EXFO Inc (NASDAQ:EXFO) rating on Monday, October 5. RBC Capital Markets has “Sector Perform” rating and $4.25 target. The stock has “Hold” rating by BMO Capital Markets on Tuesday, April 10. The firm has “Hold” rating by RBC Capital Markets given on Friday, June 30. As per Thursday, August 31, the company rating was maintained by BMO Capital Markets. IBC upgraded EXFO Inc (NASDAQ:EXFO) on Thursday, January 7 to “Sector Perform” rating.

More news for EXFO Inc (NASDAQ:EXFO) were recently published by: Prnewswire.com, which released: “EXFO participates in futuristic proof of concept” on May 14, 2018. Prnewswire.com‘s article titled: “EXFO: Inaugural Innovation Summit” and published on May 08, 2018 is yet another important article.

EXFO Inc. designs, manufactures, and markets test, service assurance, and analytics solutions for fixed and mobile network operators, communications service providers, Web-scale operators, and network equipment manufacturers in the telecommunications industry worldwide. The company has market cap of $185.84 million. It offers field-test platforms, including FTB-1 Pro platform, a single-slot modular platform for optic, copper, Ethernet, and multiservice testing applications; FTB-2 Pro platform that hosts two single-slot test modules; and FTB-500 platform for datacom testing, optical time domain reflectometer analysis, optical loss, Ethernet, and multiservice transport testing. It currently has negative earnings. The firm also provides wireless test equipment comprising 2G, 3G, and 4G/long-term evolution network simulators; and wireline/wireless service assurance systems, including The EXFO Worx System, a hardware and software solution that delivers service monitoring for IP networks.

Edgemoor Investment Advisors Inc decreased Time Warner Inc (NYSE:TWX) stake by 5,085 shares to 107,291 valued at $9.86M in 2017Q4. It also reduced Anthem Inc (NYSE:ANTM) stake by 2,816 shares and now owns 87,995 shares. Berkshire Hathaway Inc Del (BRKA) was reduced too.

Among 29 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Medtronic had 84 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Monday, July 31. Wells Fargo downgraded Medtronic plc (NYSE:MDT) on Monday, October 9 to “Market Perform” rating. The stock of Medtronic plc (NYSE:MDT) has “Buy” rating given on Wednesday, April 19 by RBC Capital Markets. The rating was maintained by Needham on Wednesday, February 22 with “Buy”. The firm has “Buy” rating by Needham given on Wednesday, November 23. The firm has “Buy” rating by Jefferies given on Tuesday, September 26. The company was initiated on Tuesday, September 22 by UBS. As per Tuesday, August 22, the company rating was maintained by Oppenheimer. The firm earned “Buy” rating on Friday, May 26 by Oppenheimer. Citigroup maintained it with “Buy” rating and $93 target in Thursday, February 22 report.

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