As Oracle Com (ORCL) Market Value Rose, Sterling Capital Management Has Boosted Stake; Oclaro (Put) (OCLR) Shareholder Brigade Capital Management LP Has Lowered Holding as Shares Declined

February 15, 2018 - By Marguerite Chambers

Sterling Capital Management Llc increased its stake in Oracle Corp Com (ORCL) by 66.12% based on its latest 2017Q3 regulatory filing with the SEC. Sterling Capital Management Llc bought 171,870 shares as the company’s stock rose 5.35% with the market. The institutional investor held 431,813 shares of the prepackaged software company at the end of 2017Q3, valued at $20.88 million, up from 259,943 at the end of the previous reported quarter. Sterling Capital Management Llc who had been investing in Oracle Corp Com for a number of months, seems to be bullish on the $206.50B market cap company. The stock increased 0.88% or $0.43 during the last trading session, reaching $49.88. About 3.88 million shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since February 15, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Don Morgan decreased its stake in Oclaro Inc (Put) (OCLR) by 33.33% based on its latest 2017Q3 regulatory filing with the SEC. Brigade Capital Management Lp sold 500,000 shares as the company’s stock declined 22.87% while stock markets rallied. The hedge fund run by Don Morgan held 1.00M shares of the technology company at the end of 2017Q3, valued at $8.63 million, down from 1.50 million at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Oclaro Inc (Put) for a number of months, seems to be less bullish one the $1.12 billion market cap company. The stock decreased 0.67% or $0.04 during the last trading session, reaching $6.64. About 993,538 shares traded. Oclaro, Inc. (NASDAQ:OCLR) has risen 92.74% since February 15, 2017 and is uptrending. It has outperformed by 76.04% the S&P500.




Among 18 analysts covering Oclaro Inc (NASDAQ:OCLR), 13 have Buy rating, 1 Sell and 4 Hold. Therefore 72% are positive. Oclaro Inc had 51 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Oclaro, Inc. (NASDAQ:OCLR) has “Buy” rating given on Wednesday, November 1 by Jefferies. Stifel Nicolaus maintained Oclaro, Inc. (NASDAQ:OCLR) rating on Wednesday, August 23. Stifel Nicolaus has “Buy” rating and $12.0 target. The company was initiated on Wednesday, January 31 by UBS. The stock of Oclaro, Inc. (NASDAQ:OCLR) has “Outperform” rating given on Friday, December 18 by Barrington Research. The rating was maintained by Jefferies with “Buy” on Thursday, September 7. The rating was maintained by Piper Jaffray on Monday, February 5 with “Buy”. The firm has “Hold” rating given on Friday, April 8 by Drexel Hamilton. As per Friday, June 9, the company rating was maintained by Jefferies. Needham maintained it with “Buy” rating and $14.0 target in Thursday, August 24 report. The rating was initiated by Craig Hallum with “Buy” on Thursday, December 3.

Investors sentiment decreased to 1.28 in Q3 2017. Its down 0.23, from 1.51 in 2017Q2. It turned negative, as 43 investors sold OCLR shares while 60 reduced holdings. 39 funds opened positions while 93 raised stakes. 115.55 million shares or 1.25% more from 114.12 million shares in 2017Q2 were reported. Prudential holds 0% or 276,640 shares. Cortina Asset Mgmt Limited Liability holds 0.22% or 621,161 shares. 820 are held by Portfolio Solutions Limited Liability Co. Neumeier Poma Counsel Limited Liability Corporation reported 2.27 million shares. Ameritas Invest Prns, a Nebraska-based fund reported 14,542 shares. California Employees Retirement Systems invested 0% in Oclaro, Inc. (NASDAQ:OCLR). California State Teachers Retirement has 265,337 shares. Credit Suisse Ag invested in 0% or 562,500 shares. The California-based Natl Planning Corporation has invested 0.09% in Oclaro, Inc. (NASDAQ:OCLR). 5,793 were accumulated by Oppenheimer Asset Mngmt Incorporated. Ameriprise Financial holds 0.02% in Oclaro, Inc. (NASDAQ:OCLR) or 3.70 million shares. Moreover, Everence Cap Mngmt has 0.03% invested in Oclaro, Inc. (NASDAQ:OCLR). New York State Common Retirement Fund holds 177,100 shares. Blackrock stated it has 0.01% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). Alliancebernstein Ltd Partnership holds 653,470 shares.

Brigade Capital Management Lp, which manages about $17.09B and $1.23B US Long portfolio, upped its stake in Ascent Cap Group Inc (NASDAQ:ASCMA) by 46,690 shares to 903,000 shares, valued at $11.78 million in 2017Q3, according to the filing. It also increased its holding in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 250,000 shares in the quarter, for a total of 400,000 shares, and has risen its stake in Arconic Inc.

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle had 104 analyst reports since July 30, 2015 according to SRatingsIntel. The company was upgraded on Thursday, March 16 by JMP Securities. The rating was maintained by Drexel Hamilton with “Buy” on Wednesday, June 21. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by UBS on Thursday, June 22. The firm earned “Conviction Buy” rating on Monday, November 16 by Goldman Sachs. The firm earned “Buy” rating on Tuesday, October 17 by Jefferies. The stock of Oracle Corporation (NYSE:ORCL) has “Neutral” rating given on Thursday, March 30 by Wedbush. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Sunday, July 23 by RBC Capital Markets. The company was maintained on Thursday, October 12 by Credit Suisse. The rating was maintained by Citigroup on Friday, June 17 with “Neutral”. Stifel Nicolaus maintained it with “Buy” rating and $5200 target in Monday, July 24 report.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.18, from 0.95 in 2017Q2. It improved, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Davenport & Com Limited Liability Company holds 0.05% of its portfolio in Oracle Corporation (NYSE:ORCL) for 82,733 shares. Stewart & Patten Limited Co owns 0.32% invested in Oracle Corporation (NYSE:ORCL) for 35,838 shares. Sather Gru stated it has 2.48% in Oracle Corporation (NYSE:ORCL). Lee Danner Bass Inc holds 0.32% or 61,704 shares. Smithbridge Asset Mgmt De reported 76,166 shares. Atlas Browninc invested 0.34% of its portfolio in Oracle Corporation (NYSE:ORCL). Moreover, Exchange Cap Management has 1.09% invested in Oracle Corporation (NYSE:ORCL). Ibm Retirement Fund reported 71,307 shares. Hillsdale Invest Mngmt accumulated 6,700 shares or 0.05% of the stock. The Illinois-based Cna has invested 2.88% in Oracle Corporation (NYSE:ORCL). Davis Selected Advisers has invested 0.81% in Oracle Corporation (NYSE:ORCL). Kelly Lawrence W & Assoc Ca has 8,800 shares. Magellan Asset Mgmt invested in 26.29M shares or 4.79% of the stock. Mark Sheptoff Planning Ltd Company stated it has 0.23% of its portfolio in Oracle Corporation (NYSE:ORCL). Marshall Wace Llp holds 7,990 shares or 0.02% of its portfolio.

Sterling Capital Management Llc, which manages about $45.64 billion and $10.63 billion US Long portfolio, decreased its stake in State Str Corp Com (NYSE:STT) by 7,798 shares to 99,568 shares, valued at $9.51 million in 2017Q3, according to the filing. It also reduced its holding in Firstservice Corp by 4,803 shares in the quarter, leaving it with 8,081 shares, and cut its stake in Zebra Technologies Corp (NASDAQ:ZBRA).

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