Applied Optoelectronics (AAOI) Market Value Rose While Trafelet Brokaw Capital Management LP Increased Its Position; Cincinnati Insurance Company Position In Magellan Midstream Partners (MMP) Was Upped

February 20, 2018 - By Marguerite Chambers

Cincinnati Insurance Company increased its stake in Magellan Midstream Partners (MMP) by 29.33% based on its latest 2017Q3 regulatory filing with the SEC. Cincinnati Insurance Company bought 23,192 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 102,266 shares of the natural gas distribution company at the end of 2017Q3, valued at $7.27M, up from 79,074 at the end of the previous reported quarter. Cincinnati Insurance Company who had been investing in Magellan Midstream Partners for a number of months, seems to be bullish on the $15.18 billion market cap company. The stock decreased 0.11% or $0.07 during the last trading session, reaching $66.57. About 204,130 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since February 20, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Remy Trafelet increased its stake in Applied Optoelectronics Inc (AAOI) by 184.29% based on its latest 2017Q3 regulatory filing with the SEC. Trafelet Brokaw Capital Management Lp bought 243,389 shares as the company’s stock rose 70.49% with the market. The hedge fund run by Remy Trafelet held 375,455 shares of the technology company at the end of 2017Q3, valued at $24.28 million, up from 132,066 at the end of the previous reported quarter. Trafelet Brokaw Capital Management Lp who had been investing in Applied Optoelectronics Inc for a number of months, seems to be bullish on the $647.17M market cap company. The stock increased 4.38% or $1.4 during the last trading session, reaching $33.39. About 725,223 shares traded. Applied Optoelectronics, Inc. (NASDAQ:AAOI) has risen 622.05% since February 20, 2017 and is uptrending. It has outperformed by 605.35% the S&P500.




Cincinnati Insurance Company, which manages about $3.35 billion US Long portfolio, decreased its stake in Nucor Corp (NYSE:NUE) by 30,000 shares to 915,512 shares, valued at $51.31 million in 2017Q3, according to the filing.

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 12 have Buy rating, 3 Sell and 8 Hold. Therefore 52% are positive. Magellan Midstream Partners L.P. had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, April 4 by Wunderlich. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Buy” rating given on Thursday, December 15 by Goldman Sachs. The firm has “Neutral” rating by Credit Suisse given on Friday, August 7. The company was maintained on Thursday, September 7 by Stifel Nicolaus. DA Davidson initiated it with “Buy” rating and $85 target in Monday, November 16 report. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Market Perform” rating given on Wednesday, January 11 by Wells Fargo. On Thursday, August 18 the stock rating was downgraded by Morgan Stanley to “Underweight”. Macquarie Research initiated the stock with “Neutral” rating in Friday, April 21 report. The firm earned “Hold” rating on Monday, July 17 by Stifel Nicolaus. The firm has “Neutral” rating by UBS given on Friday, February 3.

Investors sentiment is 0.9 in Q3 2017. Its the same as in 2017Q2. It is the same, as 42 investors sold MMP shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. Financial Bank Of Mellon accumulated 97,468 shares or 0% of the stock. Girard Prtnrs Limited has 3,831 shares. Cv Starr has 175,000 shares for 5.76% of their portfolio. Pittenger & Anderson reported 225 shares or 0% of all its holdings. Summit Asset Mgmt Limited Co has invested 0.11% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). 71,911 are held by Beacon Gp. Silvercrest Asset Management Group Limited Liability Com owns 226,247 shares. Focused Wealth holds 0.01% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 428 shares. Commonwealth Of Pennsylvania School Empls Retrmt System reported 1.26M shares. Boston Advisors Limited Liability Corporation reported 4,400 shares stake. Pinnacle Hldgs Ltd stated it has 81,908 shares or 2.15% of all its holdings. Monroe Bancorporation Tru Mi owns 3,731 shares or 0.1% of their US portfolio. 12,984 were accumulated by Raymond James Tru Na. The California-based First Western Mngmt has invested 0.3% in Magellan Midstream Partners, L.P. (NYSE:MMP). St Germain D J Co Inc reported 0.05% stake.

Since September 14, 2017, it had 0 insider purchases, and 2 selling transactions for $1.87 million activity. Shares for $353,200 were sold by Selvidge Jeff R.

Trafelet Brokaw Capital Management Lp, which manages about $505.41M and $136.61 million US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 4,430 shares to 3,000 shares, valued at $218,000 in 2017Q3, according to the filing.

Since September 7, 2017, it had 0 insider buys, and 4 sales for $560,510 activity. On Monday, September 11 Lin Chewei sold $406,000 worth of Applied Optoelectronics, Inc. (NASDAQ:AAOI) or 7,000 shares.

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