As Myr Group (MYRG) Market Value Declined, Third Avenue Management Boosted Holding; Cypress Funds Raised Its Western Digital (WDC) Holding by $8.73 Million

November 15, 2017 - By Migdalia James

Martin Whitman increased its stake in Myr Group Inc. (MYRG) by 45.26% based on its latest 2017Q2 regulatory filing with the SEC. Third Avenue Management Llc bought 29,100 shares as the company’s stock declined 26.50% while stock markets rallied. The hedge fund run by Martin Whitman held 93,400 shares of the basic industries company at the end of 2017Q2, valued at $2.90 million, up from 64,300 at the end of the previous reported quarter. Third Avenue Management Llc who had been investing in Myr Group Inc. for a number of months, seems to be bullish on the $527.28M market cap company. The stock declined 1.36% or $0.44 reaching $32.03 on the news. About shares traded. MYR Group Inc (NASDAQ:MYRG) has risen 24.13% since November 15, 2016 and is uptrending. It has outperformed by 7.43% the S&P500.

Cypress Funds Llc increased its stake in Western Digital Corp (WDC) by 48.18% based on its latest 2017Q2 regulatory filing with the SEC. Cypress Funds Llc bought 99,250 shares as the company’s stock rose 15.69% with the market. The hedge fund held 305,250 shares of the electronic components company at the end of 2017Q2, valued at $27.05M, up from 206,000 at the end of the previous reported quarter. Cypress Funds Llc who had been investing in Western Digital Corp for a number of months, seems to be bullish on the $26.86 billion market cap company. The stock declined 0.66% or $0.6 reaching $90.98 on the news. About 8,547 shares traded. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since November 15, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.




More notable recent Western Digital Corp (NASDAQ:WDC) news were published by: Investorplace.com which released: “Western Digital Corp Is Pulling the Right Strings” on October 23, 2017, also Livetradingnews.com with their article: “Western Digital Corp (NASDAQ:WDC) Bullish Trend” published on November 13, 2017, Realmoney.Thestreet.com published: “Western Digital Is Showing Independent Strength — Use It to Your Advantage” on November 14, 2017. More interesting news about Western Digital Corp (NASDAQ:WDC) were released by: Businesswire.com and their article: “Western Digital Announces Authorization to Resume Potential Share Repurchases” published on November 09, 2017 as well as Nasdaq.com‘s news article titled: “What’s in Store for Western Digital’s (WDC) Q1 Earnings?” with publication date: October 24, 2017.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 140 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Western Digital Corp (NASDAQ:WDC) earned “Buy” rating by BMO Capital Markets on Monday, June 26. The firm earned “Overweight” rating on Friday, October 27 by Barclays Capital. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, July 5. The firm earned “Underperform” rating on Thursday, July 30 by CLSA. The firm has “Buy” rating by Maxim Group given on Tuesday, June 27. The rating was maintained by Jefferies with “Buy” on Thursday, June 2. BMO Capital Markets initiated the stock with “Market Perform” rating in Friday, December 11 report. As per Thursday, July 30, the company rating was maintained by Maxim Group. The firm has “Strong Buy” rating by Needham given on Thursday, January 26. The stock has “Outperform” rating by Cowen & Co on Tuesday, May 24.

Since May 18, 2017, it had 0 insider purchases, and 2 insider sales for $1.01 million activity. CORDANO MICHAEL D had sold 11,322 shares worth $962,385. The insider BHATIA MANISH H sold $612,625.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.11, from 1.01 in 2017Q1. It increased, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Everence Mngmt owns 4,475 shares. Clearbridge Investments Ltd Liability invested 0.81% in Western Digital Corp (NASDAQ:WDC). Rhumbline Advisers has invested 0.1% in Western Digital Corp (NASDAQ:WDC). Palladium Ptnrs Limited Company invested 0.09% in Western Digital Corp (NASDAQ:WDC). Prudential Public Ltd reported 0.03% in Western Digital Corp (NASDAQ:WDC). Ssi Invest Mngmt has invested 0.02% of its portfolio in Western Digital Corp (NASDAQ:WDC). Tributary Cap Mngmt Ltd Liability reported 4,200 shares. Bank & Trust Of Nova Scotia invested in 0.12% or 254,652 shares. Price T Rowe Associate Md reported 4.18 million shares. Massachusetts Fincl Ser Ma holds 0.01% or 135,378 shares. Regent Invest Mgmt Lc holds 0.99% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 31,820 shares. Agf Invs America holds 0.59% or 17,008 shares. 17,700 are held by Point72 Asset Mgmt Ltd Partnership. Utah Retirement has 0.11% invested in Western Digital Corp (NASDAQ:WDC). Louisiana State Employees Retirement Systems has 18,100 shares.

More recent MYR Group Inc (NASDAQ:MYRG) news were published by: Benzinga.com which released: “MYR Group Shares Offer A Good Business At A Good Price” on May 05, 2017. Also Nasdaq.com published the news titled: “Ironwood Investment Management Llc Buys TTM Technologies Inc, Welbilt Inc, MYR …” on November 01, 2017. Seekingalpha.com‘s news article titled: “MYR Group’s (MYRG) CEO Rick Swartz on Q3 2017 Results – Earnings Call Transcript” with publication date: November 02, 2017 was also an interesting one.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.18, from 0.94 in 2017Q1. It improved, as 20 investors sold MYRG shares while 45 reduced holdings. 19 funds opened positions while 54 raised stakes. 13.93 million shares or 4.32% less from 14.56 million shares in 2017Q1 were reported. Acadian Asset Management Lc owns 99,375 shares. Ls Invest Advsr Llc invested in 2,520 shares or 0% of the stock. Moreover, Arrowstreet Ltd Partnership has 0% invested in MYR Group Inc (NASDAQ:MYRG) for 44,866 shares. Teachers Retirement Sys Of The State Of Kentucky stated it has 0% in MYR Group Inc (NASDAQ:MYRG). 5,424 are owned by Bnp Paribas Arbitrage Sa. Capstone Asset Management owns 6,940 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in MYR Group Inc (NASDAQ:MYRG). Northern has 241,299 shares for 0% of their portfolio. Wells Fargo Communication Mn holds 0% or 71,883 shares. 30,000 were reported by Wolverine Asset Mgmt Ltd Liability. Great West Life Assurance Can owns 23,286 shares for 0% of their portfolio. 110,291 were reported by First Advsrs L P. Fund Management Sa, a France-based fund reported 29,000 shares. United Kingdom-based Legal And General Grp Incorporated Public Ltd Limited Liability Company has invested 0% in MYR Group Inc (NASDAQ:MYRG). Morgan Stanley accumulated 59,814 shares.

Among 9 analysts covering MYR Group (NASDAQ:MYRG), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. MYR Group had 21 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, July 24 by Stifel Nicolaus. The stock of MYR Group Inc (NASDAQ:MYRG) earned “Hold” rating by KeyBanc Capital Markets on Thursday, September 7. The rating was downgraded by Robert W. Baird to “Neutral” on Friday, August 12. Canaccord Genuity maintained the stock with “Buy” rating in Friday, August 4 report. As per Friday, May 5, the company rating was upgraded by Robert W. Baird. The rating was downgraded by Avondale to “Market Perform” on Friday, November 18. The firm earned “Hold” rating on Tuesday, January 5 by Stifel Nicolaus. FBR Capital maintained MYR Group Inc (NASDAQ:MYRG) rating on Tuesday, March 8. FBR Capital has “Market Perform” rating and $27 target. The rating was downgraded by Zacks to “Buy” on Tuesday, August 11. FBR Capital maintained the shares of MYRG in report on Friday, August 18 with “Market Perform” rating.

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