As Super Micro Computer (SMCI) Market Value Declined, Shareholder Needham Investment Management Has Upped Stake; Six Flags Entmt New (SIX) Holder Shellback Capital LP Has Upped Stake by $25.05 Million

January 22, 2018 - By Adrian Erickson

Shellback Capital Lp increased its stake in Six Flags Entmt Corp New (SIX) by 231.99% based on its latest 2017Q3 regulatory filing with the SEC. Shellback Capital Lp bought 417,577 shares as the company’s stock declined 0.34% while stock markets rallied. The institutional investor held 597,577 shares of the services-misc. amusement & recreation company at the end of 2017Q3, valued at $36.42M, up from 180,000 at the end of the previous reported quarter. Shellback Capital Lp who had been investing in Six Flags Entmt Corp New for a number of months, seems to be bullish on the $5.69 billion market cap company. The stock increased 0.92% or $0.62 during the last trading session, reaching $67.87. About 485,644 shares traded. Six Flags Entertainment Corporation (NYSE:SIX) has risen 5.91% since January 22, 2017 and is uptrending. It has underperformed by 10.79% the S&P500.

Needham Investment Management Llc increased its stake in Super Micro Computer Inc (SMCI) by 6.48% based on its latest 2017Q3 regulatory filing with the SEC. Needham Investment Management Llc bought 39,625 shares as the company’s stock declined 10.54% while stock markets rallied. The institutional investor held 651,050 shares of the technology company at the end of 2017Q3, valued at $14.39M, up from 611,425 at the end of the previous reported quarter. Needham Investment Management Llc who had been investing in Super Micro Computer Inc for a number of months, seems to be bullish on the $1.11 billion market cap company. The stock increased 6.05% or $1.3 during the last trading session, reaching $22.8. About 549,551 shares traded or 27.97% up from the average. Super Micro Computer, Inc. (NASDAQ:SMCI) has declined 1.14% since January 22, 2017 and is downtrending. It has underperformed by 17.84% the S&P500.




Shellback Capital Lp, which manages about $423.03 million and $1.11 billion US Long portfolio, decreased its stake in Mcdonalds Corp (NYSE:MCD) by 250,000 shares to 50,000 shares, valued at $7.83 million in 2017Q3, according to the filing. It also reduced its holding in Home Depot Inc (NYSE:HD) by 100,000 shares in the quarter, leaving it with 225,000 shares, and cut its stake in Coherent Inc (NASDAQ:COHR).

Among 16 analysts covering Six Flags Entertainment (NYSE:SIX), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. Six Flags Entertainment had 35 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Hilliard Lyons on Friday, April 28. Oppenheimer maintained Six Flags Entertainment Corporation (NYSE:SIX) on Wednesday, June 21 with “Buy” rating. The stock of Six Flags Entertainment Corporation (NYSE:SIX) has “Outperform” rating given on Friday, August 28 by Credit Suisse. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, April 6. As per Thursday, October 27, the company rating was maintained by FBR Capital. The firm has “Long-Term Buy” rating by Hilliard Lyons given on Tuesday, August 23. The stock of Six Flags Entertainment Corporation (NYSE:SIX) earned “Buy” rating by Oppenheimer on Wednesday, August 16. The rating was upgraded by FBR Capital to “Outperform” on Friday, April 1. The rating was initiated by Macquarie Research with “Neutral” on Wednesday, December 9. The firm earned “Long-Term Buy” rating on Thursday, October 5 by Hilliard Lyons.

Since August 17, 2017, it had 0 buys, and 1 insider sale for $135,490 activity.

Among 11 analysts covering Super Micro Computer (NASDAQ:SMCI), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Super Micro Computer had 35 analyst reports since August 6, 2015 according to SRatingsIntel. TH Capital upgraded Super Micro Computer, Inc. (NASDAQ:SMCI) on Friday, January 20 to “Buy” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, January 27 report. The stock has “Buy” rating by Needham on Friday, January 27. The stock has “Buy” rating by Maxim Group on Friday, September 23. The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) earned “Hold” rating by Stifel Nicolaus on Tuesday, July 19. The firm earned “Buy” rating on Friday, August 14 by Roth Capital. The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) has “Neutral” rating given on Monday, September 18 by DA Davidson. KeyBanc Capital Markets maintained Super Micro Computer, Inc. (NASDAQ:SMCI) on Monday, October 16 with “Hold” rating. The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) earned “Neutral” rating by Susquehanna on Wednesday, November 11. The firm earned “Buy” rating on Thursday, August 31 by Maxim Group.

Needham Investment Management Llc, which manages about $550.90 million and $394.77M US Long portfolio, decreased its stake in Carmax Inc (NYSE:KMX) by 6,500 shares to 114,000 shares, valued at $8.64 million in 2017Q3, according to the filing. It also reduced its holding in Gilead Sciences Inc (NASDAQ:GILD) by 4,000 shares in the quarter, leaving it with 170,500 shares, and cut its stake in Servicesource Intl Inc (NASDAQ:SREV).

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.15, from 1.3 in 2017Q2. It is negative, as 19 investors sold SMCI shares while 41 reduced holdings. 21 funds opened positions while 48 raised stakes. 38.55 million shares or 3.37% more from 37.29 million shares in 2017Q2 were reported. Pnc Fin Svcs Grp Inc Inc has invested 0% in Super Micro Computer, Inc. (NASDAQ:SMCI). Needham Management Ltd Llc has 3.64% invested in Super Micro Computer, Inc. (NASDAQ:SMCI) for 651,050 shares. Ny State Teachers Retirement System accumulated 22,877 shares. Pdts Prns Limited Co holds 0.06% or 79,698 shares. Lsv Asset Management accumulated 266,020 shares. Spark Invest Management Ltd Liability Com invested in 91,100 shares. Adage Ptnrs Gru Limited Liability Corporation has invested 0.05% in Super Micro Computer, Inc. (NASDAQ:SMCI). State Bank Of America De has 183,222 shares for 0% of their portfolio. Moreover, Swiss State Bank has 0% invested in Super Micro Computer, Inc. (NASDAQ:SMCI) for 63,500 shares. 190,651 were reported by Granahan Investment Ma. Teachers Retirement System Of The State Of Kentucky invested in 0% or 13,200 shares. Alliancebernstein Lp invested 0% of its portfolio in Super Micro Computer, Inc. (NASDAQ:SMCI). State Of Wisconsin Inv Board reported 90,000 shares. Ubs Asset Mngmt Americas, a Illinois-based fund reported 10,198 shares. 14,900 were accumulated by Foundry Prtnrs Ltd Com.

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