Baker Avenue Asset Management LP Cut Oracle Com (ORCL) Holding by $1.01 Million as Valuation Declined; Hanson Mcclain Position in Public Storage (PSA) Boosted by $317,053 as Valuation Declined

April 20, 2018 - By Winifred Garcia

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Hanson Mcclain Inc increased its stake in Public Storage (PSA) by 222.11% based on its latest 2017Q4 regulatory filing with the SEC. Hanson Mcclain Inc bought 1,517 shares as the company’s stock declined 3.82% with the market. The institutional investor held 2,200 shares of the real estate investment trusts company at the end of 2017Q4, valued at $460,000, up from 683 at the end of the previous reported quarter. Hanson Mcclain Inc who had been investing in Public Storage for a number of months, seems to be bullish on the $33.67B market cap company. The stock decreased 0.33% or $0.63 during the last trading session, reaching $193.16. About 346,895 shares traded. Public Storage (NYSE:PSA) has declined 10.33% since April 20, 2017 and is downtrending. It has underperformed by 21.88% the S&P500.

Baker Avenue Asset Management Lp decreased its stake in Oracle Corp Com (ORCL) by 49.17% based on its latest 2017Q4 regulatory filing with the SEC. Baker Avenue Asset Management Lp sold 21,457 shares as the company’s stock declined 4.18% with the market. The institutional investor held 22,181 shares of the prepackaged software company at the end of 2017Q4, valued at $1.05M, down from 43,638 at the end of the previous reported quarter. Baker Avenue Asset Management Lp who had been investing in Oracle Corp Com for a number of months, seems to be less bullish one the $188.85B market cap company. The stock decreased 1.20% or $0.56 during the last trading session, reaching $46.26. About 7.94 million shares traded. Oracle Corporation (NYSE:ORCL) has risen 1.20% since April 20, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Among 19 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 5 Sell and 12 Hold. Therefore 11% are positive. Public Storage had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, September 4 by Raymond James. The stock of Public Storage (NYSE:PSA) earned “Hold” rating by BMO Capital Markets on Thursday, March 23. Jefferies maintained Public Storage (NYSE:PSA) rating on Monday, March 5. Jefferies has “Hold” rating and $199.0 target. The stock has “Neutral” rating by JP Morgan on Thursday, December 17. The firm has “Sector Perform” rating given on Wednesday, May 11 by RBC Capital Markets. The stock of Public Storage (NYSE:PSA) earned “Mkt Perform” rating by Raymond James on Thursday, January 7. The rating was upgraded by Zacks to “Buy” on Wednesday, September 2. The stock of Public Storage (NYSE:PSA) has “Hold” rating given on Monday, October 23 by Jefferies. The rating was maintained by KeyBanc Capital Markets with “Sell” on Wednesday, November 15. RBC Capital Markets maintained the shares of PSA in report on Monday, November 9 with “Sector Perform” rating.

Among 42 analysts covering Oracle (NYSE:ORCL), 27 have Buy rating, 0 Sell and 15 Hold. Therefore 64% are positive. Oracle had 115 analyst reports since July 30, 2015 according to SRatingsIntel. Nomura maintained Oracle Corporation (NYSE:ORCL) on Thursday, September 17 with “Buy” rating. Goldman Sachs upgraded the stock to “Conviction Buy” rating in Monday, November 16 report. The rating was upgraded by Argus Research to “Buy” on Friday, June 23. The rating was maintained by Drexel Hamilton on Wednesday, June 21 with “Buy”. The stock has “Buy” rating by Piper Jaffray on Wednesday, October 4. The rating was initiated by BTIG Research with “Buy” on Thursday, September 10. Barclays Capital maintained the shares of ORCL in report on Monday, March 12 with “Overweight” rating. KeyBanc Capital Markets maintained Oracle Corporation (NYSE:ORCL) on Monday, July 17 with “Buy” rating. As per Friday, December 15, the company rating was maintained by Raymond James. The stock of Oracle Corporation (NYSE:ORCL) has “Mkt Perform” rating given on Thursday, November 5 by FBR Capital.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on June, 20. They expect $0.86 earnings per share, up 4.88% or $0.04 from last year’s $0.82 per share. ORCL’s profit will be $3.51B for 13.45 P/E if the $0.86 EPS becomes a reality. After $0.75 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.67% EPS growth.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.02, from 1.13 in 2017Q3. It improved, as 80 investors sold ORCL shares while 488 reduced holdings. 126 funds opened positions while 526 raised stakes. 2.29 billion shares or 1.37% less from 2.32 billion shares in 2017Q3 were reported. Nbt Commercial Bank N A holds 0.44% or 58,465 shares. Ubs Oconnor Limited Liability Corporation has 0.05% invested in Oracle Corporation (NYSE:ORCL). Northern Mngmt Limited Liability Co invested in 25,075 shares or 0.31% of the stock. The Texas-based Sentinel Trust Company Lba has invested 0.17% in Oracle Corporation (NYSE:ORCL). 6,742 were accumulated by Mark Sheptoff Fincl Planning Limited. Moreover, Cadence Bank & Trust Na has 0.11% invested in Oracle Corporation (NYSE:ORCL) for 6,462 shares. 8,496 are held by Riverpoint Cap Limited Company. Mitchell Mcleod Pugh & Williams Inc holds 0.31% of its portfolio in Oracle Corporation (NYSE:ORCL) for 9,610 shares. Broderick Brian C invested in 1.13% or 65,371 shares. Schwerin Boyle Cap has 229,124 shares for 1.18% of their portfolio. Scharf Investments Ltd Liability Company holds 5.82% or 5.43M shares. Old Mutual (Uk) Limited stated it has 0.05% of its portfolio in Oracle Corporation (NYSE:ORCL). Sweden-based Swedbank has invested 1.01% in Oracle Corporation (NYSE:ORCL). 318,157 were accumulated by Cibc World Markets. Menora Mivtachim Ltd holds 904,900 shares.

Baker Avenue Asset Management Lp, which manages about $1.13B and $1.04B US Long portfolio, upped its stake in International Flavors&Fragranc Com (NYSE:IFF) by 5,075 shares to 10,671 shares, valued at $1.63M in 2017Q4, according to the filing. It also increased its holding in Ishares Intermediate Credit Bond Etf (CIU) by 9,000 shares in the quarter, for a total of 16,850 shares, and has risen its stake in Energy Select Sector Spdr Fund (XLE).

Public Storage (NYSE:PSA) Institutional Positions Chart

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