Quantbot Technologies LP Position in Flex LTD (FLEX) Trimmed as Stock Value Rose; As Smucker J M Co (SJM) Stock Price Declined, Gotham Asset Management Has Increased Stake by $7.44 Million

February 18, 2018 - By Henry Gaston

Quantbot Technologies Lp decreased its stake in Flex Ltd (FLEX) by 93.76% based on its latest 2017Q3 regulatory filing with the SEC. Quantbot Technologies Lp sold 84,314 shares as the company’s stock rose 0.43% with the market. The hedge fund held 5,610 shares of the electrical products company at the end of 2017Q3, valued at $92,000, down from 89,924 at the end of the previous reported quarter. Quantbot Technologies Lp who had been investing in Flex Ltd for a number of months, seems to be less bullish one the $9.41 billion market cap company. The stock increased 0.11% or $0.02 during the last trading session, reaching $17.84. About 4.04 million shares traded or 12.79% up from the average. Flex Ltd. (NASDAQ:FLEX) has risen 35.11% since February 18, 2017 and is uptrending. It has outperformed by 18.41% the S&P500.

Joel Greenblatt increased its stake in Smucker J M Co (SJM) by 42.92% based on its latest 2017Q3 regulatory filing with the SEC. Gotham Asset Management Llc bought 71,527 shares as the company’s stock declined 7.31% while stock markets rallied. The hedge fund run by Joel Greenblatt held 238,194 shares of the packaged foods company at the end of 2017Q3, valued at $24.99 million, up from 166,667 at the end of the previous reported quarter. Gotham Asset Management Llc who had been investing in Smucker J M Co for a number of months, seems to be bullish on the $14.14B market cap company. The stock increased 1.48% or $1.81 during the last trading session, reaching $124.46. About 1.51 million shares traded or 43.86% up from the average. The J. M. Smucker Company (NYSE:SJM) has declined 0.84% since February 18, 2017 and is downtrending. It has underperformed by 17.54% the S&P500.




Gotham Asset Management Llc, which manages about $5.96B and $6.81 billion US Long portfolio, decreased its stake in United Nat Foods Inc (NASDAQ:UNFI) by 34,415 shares to 254,607 shares, valued at $10.59M in 2017Q3, according to the filing. It also reduced its holding in Emerson Elec Co (NYSE:EMR) by 860,824 shares in the quarter, leaving it with 40,667 shares, and cut its stake in Itron Inc (NASDAQ:ITRI).

Among 19 analysts covering J. M. Smucker Company (NYSE:SJM), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. J. M. Smucker Company had 67 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, July 3 by Credit Suisse. JP Morgan maintained it with “Sell” rating and $128 target in Monday, June 20 report. On Wednesday, September 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Neutral” rating given on Monday, October 26 by Susquehanna. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, January 25. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, September 16. The rating was maintained by Susquehanna on Wednesday, May 31 with “Hold”. The rating was downgraded by Credit Suisse on Tuesday, September 27 to “Neutral”. The firm has “Positive” rating given on Monday, November 13 by Susquehanna. As per Wednesday, August 19, the company rating was upgraded by Credit Suisse.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.08, from 0.97 in 2017Q2. It turned negative, as 71 investors sold SJM shares while 231 reduced holdings. 80 funds opened positions while 189 raised stakes. 83.48 million shares or 2.45% more from 81.49 million shares in 2017Q2 were reported. Cullen Frost Bankers Inc accumulated 2,259 shares. Carroll Finance Assoc Inc holds 657 shares. Vanguard Grp accumulated 0.06% or 12.05 million shares. Polaris Limited Liability owns 1.57% invested in The J. M. Smucker Company (NYSE:SJM) for 267,104 shares. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.02% in The J. M. Smucker Company (NYSE:SJM). Moreover, Bahl & Gaynor Inc has 0.19% invested in The J. M. Smucker Company (NYSE:SJM) for 168,154 shares. Miles Capital Incorporated stated it has 8,109 shares or 0.48% of all its holdings. Nuveen Asset Management Ltd Liability Corp owns 0% invested in The J. M. Smucker Company (NYSE:SJM) for 3,801 shares. Grisanti Capital Limited Liability Corporation holds 400 shares. Parkside Fin Bank & reported 551 shares or 0.02% of all its holdings. Dreman Value Management L L C has invested 0.01% in The J. M. Smucker Company (NYSE:SJM). Twin Tree Mngmt LP invested in 1,491 shares. Sheets Smith Wealth Mgmt accumulated 12,518 shares. Rowland & Inv Counsel Adv invested in 0.3% or 6,044 shares. Regions Fincl Corp reported 5,880 shares.

Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Flextronics International Ltd. had 48 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 25 by RBC Capital Markets. The stock of Flex Ltd. (NASDAQ:FLEX) has “Buy” rating given on Wednesday, January 3 by RBC Capital Markets. Citigroup maintained it with “Buy” rating and $15 target in Friday, April 29 report. RBC Capital Markets maintained it with “Outperform” rating and $12.0 target in Friday, January 15 report. On Monday, January 18 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Flex Ltd. (NASDAQ:FLEX) earned “Buy” rating by Stifel Nicolaus on Sunday, October 15. The firm has “Buy” rating by UBS given on Wednesday, August 2. The stock of Flex Ltd. (NASDAQ:FLEX) earned “Buy” rating by Argus Research on Friday, January 29. The rating was maintained by Needham with “Buy” on Tuesday, July 18. On Friday, January 29 the stock rating was upgraded by Stifel Nicolaus to “Buy”.

Quantbot Technologies Lp, which manages about $581.51M and $1.04B US Long portfolio, upped its stake in Piedmont Office Realty Tru (NYSE:PDM) by 47,224 shares to 56,696 shares, valued at $1.14M in 2017Q3, according to the filing. It also increased its holding in Wynn Resorts Ltd (NASDAQ:WYNN) by 5,011 shares in the quarter, for a total of 7,186 shares, and has risen its stake in Adr.

Since August 15, 2017, it had 0 insider purchases, and 1 insider sale for $243,573 activity. 2,728 shares were sold by Tan Lay Koon, worth $43,457.

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