Gardner Lewis Asset Management LP Continues to Hold Holding in Parsley Energy (PE); Micron Technology (MU) Holder Point72 Asia Hong Kong LTD Has Lowered Its Position as Stock Rose

February 15, 2018 - By Kurt Siggers

Steve Cohen decreased its stake in Micron Technology Inc (MU) by 56.23% based on its latest 2017Q3 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd sold 68,100 shares as the company’s stock rose 19.14% with the market. The hedge fund run by Steve Cohen held 53,000 shares of the technology company at the end of 2017Q3, valued at $2.08 million, down from 121,100 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $49.47B market cap company. The stock decreased 1.53% or $0.67 during the last trading session, reaching $42.78. About 12.08M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 15, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Gardner Lewis Asset Management LP increased its stake in Parsley Energy Inc. (PE) by 10.7% based on its latest 2017Q3 regulatory filing with the SEC. Gardner Lewis Asset Management LP bought 14,795 shares as the company’s stock declined 0.66% while stock markets rallied. The institutional investor held 153,010 shares of the energy company at the end of 2017Q3, valued at $4.03M, up from 138,215 at the end of the previous reported quarter. Gardner Lewis Asset Management LP who had been investing in Parsley Energy Inc. for a number of months, seems to be bullish on the $7.24B market cap company. The stock decreased 1.87% or $0.44 during the last trading session, reaching $23.03. About 888,619 shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since February 15, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.




Since August 16, 2017, it had 0 insider purchases, and 13 sales for $12.60 million activity. Poppen Joel L sold $3.09 million worth of stock or 80,000 shares. Thorsen Steven L. JR also sold $4.53 million worth of Micron Technology, Inc. (NASDAQ:MU) on Friday, September 29. Shares for $765,485 were sold by Mondry Lawrence N on Wednesday, August 16. The insider ARNZEN APRIL S sold $10,507. Deboer Scott J had sold 14,750 shares worth $638,380 on Wednesday, February 7.

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It improved, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. 95,800 are held by Ellington Management Gp Limited Liability. 2.39 million are owned by Royal National Bank Of Canada. 32.42 million are held by Fmr Limited Liability. Sun Life Fincl has 8,167 shares for 0.03% of their portfolio. Qs Invsts has invested 0.03% in Micron Technology, Inc. (NASDAQ:MU). 479,804 are held by Voya Inv Ltd Liability Co. Caprock Group Inc stated it has 5,144 shares. Fagan Associates has invested 0.8% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Alpha Windward Limited Liability Co has invested 0.04% in Micron Technology, Inc. (NASDAQ:MU). New York-based D E Shaw And has invested 0.34% in Micron Technology, Inc. (NASDAQ:MU). Gemmer Asset Ltd Liability Company owns 0% invested in Micron Technology, Inc. (NASDAQ:MU) for 264 shares. Northern Trust Corporation accumulated 12.64 million shares or 0.13% of the stock. Shelton Capital reported 188,499 shares. First Republic Management Incorporated holds 0% or 11,960 shares in its portfolio. Guardian Life Ins Of America reported 2,538 shares.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 214 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, October 2, the company rating was maintained by Pacific Crest. The firm has “Buy” rating given on Monday, March 21 by Deutsche Bank. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Hold” rating by KeyBanc Capital Markets on Thursday, October 26. The rating was maintained by Credit Suisse on Thursday, June 29 with “Buy”. The firm earned “Equal-Weight” rating on Friday, October 2 by Morgan Stanley. As per Friday, April 15, the company rating was upgraded by Raymond James. The firm earned “Neutral” rating on Friday, October 9 by Mizuho. UBS maintained Micron Technology, Inc. (NASDAQ:MU) rating on Thursday, December 1. UBS has “Buy” rating and $24 target. The firm has “Buy” rating given on Tuesday, February 23 by Mizuho. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Overweight” rating by Barclays Capital on Monday, September 21.

Point72 Asia Hong Kong Ltd, which manages about $141.01M US Long portfolio, upped its stake in Yum China Hldgs Inc by 538,151 shares to 540,303 shares, valued at $21.60M in 2017Q3, according to the filing. It also increased its holding in Intuit (NASDAQ:INTU) by 3,046 shares in the quarter, for a total of 3,886 shares, and has risen its stake in China Lodging Group Ltd (NASDAQ:HTHT).

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc had 124 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $35.0 target in Tuesday, November 14 report. As per Tuesday, March 29, the company rating was maintained by Goldman Sachs. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by Stifel Nicolaus on Thursday, December 10. The rating was initiated by Bank of America with “Buy” on Tuesday, December 1. Macquarie Research maintained it with “Outperform” rating and $19 target in Monday, September 21 report. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, January 24 report. FBR Capital maintained the stock with “Outperform” rating in Friday, March 10 report. The firm has “Buy” rating given on Thursday, August 3 by Williams Capital Group. Deutsche Bank maintained Parsley Energy, Inc. (NYSE:PE) rating on Tuesday, June 14. Deutsche Bank has “Buy” rating and $32 target. The rating was maintained by Credit Suisse on Tuesday, January 23 with “Buy”.

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.27, from 1.4 in 2017Q2. It dropped, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Goldentree Asset Mngmt Lp has 12.24% invested in Parsley Energy, Inc. (NYSE:PE). Adage Partners Grp Inc Ltd stated it has 0.31% in Parsley Energy, Inc. (NYSE:PE). Walleye Trading Ltd holds 0.01% or 78,219 shares in its portfolio. Sir Cap Mngmt LP reported 1.13 million shares. Wexford Ltd Partnership has invested 2.88% in Parsley Energy, Inc. (NYSE:PE). The Illinois-based Balyasny Asset Management Ltd Limited Liability Company has invested 0.01% in Parsley Energy, Inc. (NYSE:PE). Bamco Incorporated New York stated it has 0.02% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Zimmer Prtnrs Lp stated it has 6.60M shares or 3.86% of all its holdings. Amer National Ins Tx holds 0.11% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 81,185 shares. Parametric Port Assoc Ltd Limited Liability Company invested in 0.01% or 189,846 shares. Parallax Volatility Advisers Limited Partnership has invested 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Kazazian Asset Management Ltd Com stated it has 13,300 shares. Alliancebernstein LP owns 1.76 million shares or 0.03% of their US portfolio. 12,142 are owned by Keybank National Association Oh. Millennium Mngmt Ltd Company accumulated 4.35 million shares or 0.17% of the stock.

Gardner Lewis Asset Management L P, which manages about $330.77 million and $1.57 billion US Long portfolio, decreased its stake in Costco Wholesale Corp. (NASDAQ:COST) by 3,198 shares to 33,751 shares, valued at $5.55 million in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc. (NASDAQ:FB) by 2,100 shares in the quarter, leaving it with 53,548 shares, and cut its stake in Amazon.Com Inc. (NASDAQ:AMZN).

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