Cubic Asset Management Has Boosted Its Holding in Finisar (FNSR) as Shares Declined; Renaissance Technologies Lifted Its Holding in T Mobile Us (TMUS) by $434,700 as Share Price Declined

Sunday, 1 April 2018

Cubic Asset Management Has Boosted Its Holding in Finisar (FNSR) as Shares Declined; Renaissance Technologies Lifted Its Holding in T Mobile Us (TMUS) by $434,700 as Share Price Declined

Finisar Corporation (NASDAQ:FNSR) Logo

Jim Simons increased its stake in T Mobile Us Inc (TMUS) by 3.61% based on its latest 2017Q4 regulatory filing with the SEC. Renaissance Technologies Llc bought 6,900 shares as the company’s stock declined 5.16% with the market. The hedge fund run by Jim Simons held 198,050 shares of the public utilities company at the end of 2017Q4, valued at $12.58M, up from 191,150 at the end of the previous reported quarter. Renaissance Technologies Llc who had been investing in T Mobile Us Inc for a number of months, seems to be bullish on the $52.15B market cap company. The stock increased 0.28% or $0.17 during the last trading session, reaching $61.04. About 2.70 million shares traded. T-Mobile US, Inc. (NYSE:TMUS) has declined 6.04% since April 1, 2017 and is downtrending. It has underperformed by 17.59% the S&P500.

Cubic Asset Management Llc increased its stake in Finisar Corporation (FNSR) by 35.02% based on its latest 2017Q4 regulatory filing with the SEC. Cubic Asset Management Llc bought 32,035 shares as the company’s stock declined 26.60% with the market. The institutional investor held 123,515 shares of the semiconductors company at the end of 2017Q4, valued at $2.51 million, up from 91,480 at the end of the previous reported quarter. Cubic Asset Management Llc who had been investing in Finisar Corporation for a number of months, seems to be bullish on the $1.81 billion market cap company. The stock increased 4.84% or $0.73 during the last trading session, reaching $15.81. About 4.10M shares traded. Finisar Corporation (NASDAQ:FNSR) has declined 45.10% since April 1, 2017 and is downtrending. It has underperformed by 56.65% the S&P500.

Since February 14, 2018, it had 1 insider purchase, and 0 sales for $17.34 million activity.

Renaissance Technologies Llc, which manages about $63.99B and $90.70 billion US Long portfolio, decreased its stake in Barrick Gold Corp (NYSE:ABX) by 4.90M shares to 4.02M shares, valued at $58.18 million in 2017Q4, according to the filing. It also reduced its holding in Northwestern Corp by 153,826 shares in the quarter, leaving it with 15,500 shares, and cut its stake in Willis Towers Watson Pub Ltd.

Among 33 analysts covering T-Mobile US (NYSE:TMUS), 27 have Buy rating, 1 Sell and 5 Hold. Therefore 82% are positive. T-Mobile US had 79 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, April 18, the company rating was maintained by Barclays Capital. The firm earned “Buy” rating on Thursday, November 9 by Deutsche Bank. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, February 15. Cowen & Co maintained T-Mobile US, Inc. (NASDAQ:TMUS) rating on Tuesday, July 18. Cowen & Co has “Buy” rating and $7000 target. As per Wednesday, December 13, the company rating was maintained by Morgan Stanley. As per Thursday, July 21, the company rating was maintained by Jefferies. The rating was upgraded by Macquarie Research on Friday, December 15 to “Outperform”. The rating was maintained by Argus Research on Tuesday, August 4 with “Buy”. Jefferies maintained T-Mobile US, Inc. (NASDAQ:TMUS) on Tuesday, August 1 with “Buy” rating. The stock of T-Mobile US, Inc. (NASDAQ:TMUS) earned “Buy” rating by Nomura on Friday, October 16.

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.02, from 1.06 in 2017Q3. It turned negative, as 66 investors sold TMUS shares while 159 reduced holdings. 81 funds opened positions while 154 raised stakes. 280.13 million shares or 0.34% more from 279.18 million shares in 2017Q3 were reported. Meiji Yasuda Asset Management owns 21,596 shares or 0.13% of their US portfolio. Impax Asset Mgmt Llc has invested 0.9% of its portfolio in T-Mobile US, Inc. (NASDAQ:TMUS). Tybourne Hk Ltd holds 4.29M shares. California State Teachers Retirement System accumulated 500,481 shares. Hutchin Hill Cap Limited Partnership accumulated 12,100 shares. Omers Administration holds 0.01% or 17,200 shares in its portfolio. Columbus Hill Capital Mgmt Limited Partnership owns 1.09M shares for 4.45% of their portfolio. Quaker Capital Limited Liability Co reported 702,661 shares. State Board Of Administration Of Florida Retirement Sys has invested 0.07% in T-Mobile US, Inc. (NASDAQ:TMUS). Moreover, Quantitative Systematic Strategies Ltd Liability has 0.21% invested in T-Mobile US, Inc. (NASDAQ:TMUS) for 13,099 shares. Palestra Cap Mgmt Lc holds 6.31% or 1.77 million shares in its portfolio. Gideon Cap Advsrs Inc has invested 0.42% in T-Mobile US, Inc. (NASDAQ:TMUS). Moreover, Eaton Vance has 0.01% invested in T-Mobile US, Inc. (NASDAQ:TMUS) for 58,623 shares. First Quadrant LP Ca accumulated 5,800 shares or 0.01% of the stock. Amundi Pioneer Asset Mngmt Inc accumulated 0.02% or 224,700 shares.

Since December 13, 2017, it had 0 buys, and 5 selling transactions for $1.23 million activity. On Monday, December 18 the insider Colyar Mark sold $37,478. The insider Adzema Kurt sold $443,554. The insider FERGUSON ROGER C sold 3,000 shares worth $51,900. Another trade for 6,186 shares valued at $154,031 was made by CLARK JOHN H on Wednesday, December 13.

Cubic Asset Management Llc, which manages about $573.99 million and $358.91M US Long portfolio, decreased its stake in Mks Instruments Inc (NASDAQ:MKSI) by 9,490 shares to 9,110 shares, valued at $861,000 in 2017Q4, according to the filing. It also reduced its holding in Cars.Com Inc by 17,179 shares in the quarter, leaving it with 18,657 shares, and cut its stake in Aetna Inc (NYSE:AET).

T-Mobile US, Inc. (NASDAQ:TMUS) Institutional Positions Chart