Brandywine Global Investment Management Holding in Micron Technology (MU) Decreased as Share Price Rose; Quantbot Technologies LP Has Boosted Holding in Exelon (EXC) as Stock Price Declined

December 8, 2017 - By Winifred Garcia

Brandywine Global Investment Management Llc decreased its stake in Micron Technology Inc (MU) by 45.19% based on its latest 2017Q2 regulatory filing with the SEC. Brandywine Global Investment Management Llc sold 2.84 million shares as the company’s stock rose 19.14% with the market. The institutional investor held 3.45 million shares of the technology company at the end of 2017Q2, valued at $102.99 million, down from 6.29 million at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $49.82 billion market cap company. The stock increased 3.90% or $1.62 during the last trading session, reaching $43.2. About 43.19 million shares traded or 13.41% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since December 8, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

Quantbot Technologies Lp increased its stake in Exelon Corp (EXC) by 113.69% based on its latest 2017Q2 regulatory filing with the SEC. Quantbot Technologies Lp bought 17,395 shares as the company’s stock declined 1.46% while stock markets rallied. The hedge fund held 32,696 shares of the power generation company at the end of 2017Q2, valued at $1.18 million, up from 15,301 at the end of the previous reported quarter. Quantbot Technologies Lp who had been investing in Exelon Corp for a number of months, seems to be bullish on the $39.21B market cap company. The stock decreased 0.75% or $0.31 during the last trading session, reaching $40.81. About 6.81 million shares traded or 37.08% up from the average. Exelon Corporation (NYSE:EXC) has risen 2.57% since December 8, 2016 and is uptrending. It has underperformed by 14.13% the S&P500.

Brandywine Global Investment Management Llc, which manages about $52.46 billion and $15.67B US Long portfolio, upped its stake in Pinnacle West Cap Corp (NYSE:PNW) by 6,220 shares to 101,538 shares, valued at $8.65M in 2017Q2, according to the filing. It also increased its holding in Quanta Svcs Inc (NYSE:PWR) by 79,600 shares in the quarter, for a total of 448,471 shares, and has risen its stake in Greenhill & Co Inc (NYSE:GHL).

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on December, 20. They expect $2.12 EPS, up 657.14% or $1.84 from last year’s $0.28 per share. MU’s profit will be $2.44 billion for 5.09 P/E if the $2.12 EPS becomes a reality. After $1.99 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 6.53% EPS growth.

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.03, from 1.05 in 2017Q1. It improved, as 63 investors sold MU shares while 217 reduced holdings. 85 funds opened positions while 218 raised stakes. 832.79 million shares or 1.90% less from 848.93 million shares in 2017Q1 were reported. Kazazian Asset Mgmt Ltd Liability stated it has 1.13% in Micron Technology, Inc. (NASDAQ:MU). Price T Rowe Associates Md holds 0.02% or 4.42 million shares in its portfolio. Meeder Asset Mgmt holds 30,067 shares. Aberdeen Asset Public Ltd Com Uk reported 302,815 shares. Van Eck Assocs Corp has 0.12% invested in Micron Technology, Inc. (NASDAQ:MU) for 727,624 shares. State Of New Jersey Common Pension Fund D holds 0.31% or 2.50M shares in its portfolio. Gibraltar Mgmt Inc invested 6.77% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Comerica Retail Bank stated it has 0.06% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Tcw Grp reported 2.88M shares or 0.71% of all its holdings. Falcon Point Ltd Limited Liability Company holds 0.03% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 6,870 shares. Fjarde Ap has invested 0.15% in Micron Technology, Inc. (NASDAQ:MU). Aperio Lc stated it has 468,606 shares. 532,243 are owned by Dsam Prtnrs (London) Ltd. Colony Gp Limited Liability Com reported 0.02% in Micron Technology, Inc. (NASDAQ:MU). Parkwood Limited Co holds 0.05% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 10,116 shares.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Investorplace.com which released: “Micron Technology, Inc. Stock Is an Enticing Buy Again” on December 04, 2017, also Seekingalpha.com with their article: “Whoa, Micron: A Technical Analysis” published on December 04, 2017, Seekingalpha.com published: “Micron Technology’s (MU) Management Presents at NASDAQ 37th Investor …” on December 06, 2017. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron Is A No-Brainer” published on December 04, 2017 as well as Foxbusiness.com‘s news article titled: “Don’t Get Greedy With Micron Technology, Inc. Stock” with publication date: November 22, 2017.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Micron Technology Inc. has $75.0 highest and $8 lowest target. $38.05’s average target is -11.92% below currents $43.2 stock price. Micron Technology Inc. had 193 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, August 17 by Wells Fargo. The firm has “Neutral” rating given on Monday, August 17 by Bank of America. The stock has “Reduce” rating by Nomura on Monday, March 7. The rating was downgraded by Standpoint Research on Monday, August 29 to “Hold”. Drexel Hamilton upgraded Micron Technology, Inc. (NASDAQ:MU) on Wednesday, July 29 to “Buy” rating. The company was maintained on Friday, June 30 by Needham. As per Thursday, October 19, the company rating was maintained by UBS. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Wednesday, October 5 by Mizuho. The firm has “Buy” rating given on Tuesday, May 30 by J.P. Morgan. Mizuho maintained Micron Technology, Inc. (NASDAQ:MU) on Tuesday, August 25 with “Buy” rating.

Investors sentiment increased to 1.14 in Q2 2017. Its up 0.12, from 1.02 in 2017Q1. It is positive, as 51 investors sold EXC shares while 228 reduced holdings. 84 funds opened positions while 235 raised stakes. 723.10 million shares or 5.56% more from 685.01 million shares in 2017Q1 were reported. California Employees Retirement Systems has invested 0.16% in Exelon Corporation (NYSE:EXC). Dimensional Fund Advsrs Limited Partnership holds 0.03% of its portfolio in Exelon Corporation (NYSE:EXC) for 1.68 million shares. Edgar Lomax Communications Va owns 1.38M shares or 3.4% of their US portfolio. Uss Inv Mngmt stated it has 176,700 shares. Canada Pension Plan Invest Board has invested 0.26% in Exelon Corporation (NYSE:EXC). 300 were accumulated by Northwest Inv Counselors Ltd Liability. 250,955 were accumulated by Shell Asset Mngmt. 5,915 are owned by Chesley Taft Ltd Llc. Commerzbank Aktiengesellschaft Fi accumulated 30,264 shares. Lehman Res, a Pennsylvania-based fund reported 23,778 shares. Ameriprise Fincl Inc has invested 0.07% in Exelon Corporation (NYSE:EXC). Janney Montgomery Scott has invested 0.03% in Exelon Corporation (NYSE:EXC). Cambridge Investment Rech Advsrs Incorporated holds 87,213 shares. Kings Point Capital holds 0% of its portfolio in Exelon Corporation (NYSE:EXC) for 588 shares. Dreman Value Management L L C stated it has 42,679 shares or 0.88% of all its holdings.

Quantbot Technologies Lp, which manages about $581.51 million and $1.06 billion US Long portfolio, decreased its stake in Berkshire Hathaway Inc (BRKB) by 39,631 shares to 23,399 shares, valued at $3.96M in 2017Q2, according to the filing. It also reduced its holding in Apartment Invt Mgmt Co (NYSE:AIV) by 15,074 shares in the quarter, leaving it with 10,581 shares, and cut its stake in Syntel Inc (NASDAQ:SYNT).

Since June 9, 2017, it had 0 insider purchases, and 1 insider sale for $493,988 activity. SHATTUCK MAYO A III sold $17.02 million worth of Exelon Corporation (NYSE:EXC) on Friday, June 9.

Among 20 analysts covering Exelon Corporation (NYSE:EXC), 13 have Buy rating, 2 Sell and 5 Hold. Therefore 65% are positive. Exelon Corporation had 61 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Credit Suisse on Wednesday, January 25 with “Outperform”. BMO Capital Markets maintained Exelon Corporation (NYSE:EXC) rating on Friday, May 5. BMO Capital Markets has “Hold” rating and $37 target. The stock of Exelon Corporation (NYSE:EXC) has “Buy” rating given on Thursday, February 4 by Deutsche Bank. The stock of Exelon Corporation (NYSE:EXC) earned “Equal-Weight” rating by Morgan Stanley on Friday, September 8. The company was maintained on Wednesday, October 18 by SunTrust. The stock of Exelon Corporation (NYSE:EXC) earned “Peer Perform” rating by Wolfe Research on Thursday, March 24. The rating was downgraded by Citigroup to “Sell” on Tuesday, February 23. SunTrust maintained Exelon Corporation (NYSE:EXC) on Monday, December 4 with “Buy” rating. As per Friday, September 18, the company rating was initiated by Citigroup. The stock has “Buy” rating by Jefferies on Friday, July 21.

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