As Entercom Communications (ETM) Market Value Declined, Minerva Advisors Boosted Position; Michael Kors Hldgs LTD Shs (KORS) Holding Has Increased by Pinebridge Investments Lp



July 13, 2018 – By Mark Williams

Michael Kors Holdings Limited (NYSE:KORS) Logo

Pinebridge Investments Lp increased its stake in Michael Kors Hldgs Ltd Shs (KORS) by 52.87% based on its latest 2018Q1 regulatory filing with the SEC. Pinebridge Investments Lp bought 5,350 shares as the company’s stock rose 5.76% while stock markets declined. The hedge fund held 15,469 shares of the apparel company at the end of 2018Q1, valued at $961,000, up from 10,119 at the end of the previous reported quarter. Pinebridge Investments Lp who had been investing in Michael Kors Hldgs Ltd Shs for a number of months, seems to be bullish on the $9.94B market cap company. The stock decreased 0.24% or $0.16 during the last trading session, reaching $66.28. About 557,567 shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 87.39% since July 13, 2017 and is uptrending. It has outperformed by 74.82% the S&P500. Some Historical KORS News: 18/04/2018 – CGTN: Exclusive interview: fashion designer Michael Kors “walks” and “talks” in Shanghai #MichaelKors…; 30/05/2018 – MICHAEL KORS HOLDINGS LTD KORS.N FY2019 REV VIEW $5.00 BLN — THOMSON REUTERS l/B/E/S; 14/03/2018 – Astound Commerce Expands to Toronto, Enhances Global Reach and Local Expertise in Canada; 30/05/2018 – MICHAEL KORS HOLDINGS LTD KORS.N – QTRLY TOTAL REVENUE INCREASED 10.8% TO $1.18 BLN; 30/05/2018 – Michael Kors Sees FY19 Comparable Sales to be Approximately Flat; 04/04/2018 – Michael Kors Closes Above 50-Day Moving Average: Technicals; 30/05/2018 – Michael Kors 4Q Rev $1.18B; 02/04/2018 – Michael Kors Announces Global Partnership with South African Pro Golfer and Masters Champion Charl Schwartzel; 03/04/2018 – Commercial Obs: Michael Kors Planning Return to Prince Street in Soho; 30/05/2018 – Disappointing outlook takes shine off Michael Kors results

Minerva Advisors Llc increased its stake in Entercom Communications (ETM) by 96.71% based on its latest 2018Q1 regulatory filing with the SEC. Minerva Advisors Llc bought 256,618 shares as the company’s stock declined 31.43% with the market. The hedge fund held 521,978 shares of the broadcasting company at the end of 2018Q1, valued at $5.04M, up from 265,360 at the end of the previous reported quarter. Minerva Advisors Llc who had been investing in Entercom Communications for a number of months, seems to be bullish on the $1.13B market cap company. It closed at $8 lastly. It is down 25.81% since July 13, 2017 and is downtrending. It has underperformed by 38.38% the S&P500. Some Historical ETM News: 14/03/2018 – Philly.com: Radio giant Entercom looking to move HQ from Bala Cynwyd to Philly waterfront; 03/05/2018 – ENTERCOM, UNIV. OF OREGON IN 4-YR BROADCAST RIGHTS PACT; 03/05/2018 – UNITED STATES TRAFFIC NETWORK – FURTHER TERMS OF TRANSACTION WERE NOT DISCLOSED; 26/04/2018 – NBC 5 Dallas-Fort Worth, Telemundo 39 And Entercom Announce Multi-Year Media Partnership; 23/04/2018 – DJ Entercom Communications Corp Class, Inst Holders, 1Q 2018 (ETM); 26/04/2018 – ENTERCOM COMMUNICATIONS CORP ETM.N -NBC 5 DALLAS-FORT WORTH, TELEMUNDO 39 AND ENTERCOM ANNOUNCE MULTI-YEAR MEDIA PARTNERSHIP; 24/04/2018 – Tribune/Sinclair divestitures near conclusion; 08/03/2018 – Entercom 4Q EPS $2.62; 08/03/2018 Entercom 4Q Rev $246.6M; 08/05/2018 – Entercom 1Q Rev $300.6M

Since March 9, 2018, it had 16 insider purchases, and 1 sale for $37.58 million activity. On Monday, May 21 Levin Eugene D sold $658,745 worth of Entercom Communications Corp. (NYSE:ETM) or 85,256 shares. Another trade for 6,289 shares valued at $50,009 was bought by Philips Robert E.

Among 3 analysts covering Entercom Communications (NYSE:ETM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Entercom Communications had 6 analyst reports since August 18, 2015 according to SRatingsIntel. On Monday, November 27 the stock rating was maintained by Noble Financial with “Buy”. On Tuesday, August 18 the stock rating was upgraded by Wells Fargo to “Outperform”. The firm has “Buy” rating by Noble Financial given on Monday, July 24. The stock of Entercom Communications Corp. (NYSE:ETM) earned “Equal-Weight” rating by Stephens on Friday, December 11. The stock of Entercom Communications Corp. (NYSE:ETM) earned “Buy” rating by Noble Financial on Monday, July 31.

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 7.18, from 7.95 in 2017Q4. It dived, as 37 investors sold ETM shares while 55 reduced holdings. 20 funds opened positions while 51 raised stakes. 115.14 million shares or 48.20% less from 222.30 million shares in 2017Q4 were reported. Aperio Group Ltd Liability Com owns 12,011 shares. Axa invested 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Moreover, Phocas has 0.45% invested in Entercom Communications Corp. (NYSE:ETM). Washington Retail Bank, Washington-based fund reported 159 shares. Bridgeway Management Inc holds 342,630 shares. Invesco Limited has 0% invested in Entercom Communications Corp. (NYSE:ETM). Euclidean Techs Mgmt Ltd reported 1.55% in Entercom Communications Corp. (NYSE:ETM). State Street Corp invested in 2.98M shares or 0% of the stock. Citigroup owns 17,539 shares. Clear Harbor Asset Limited Com invested in 0.03% or 18,404 shares. Morgan Stanley, a New York-based fund reported 628,382 shares. Northern Trust invested 0.01% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Int reported 0% in Entercom Communications Corp. (NYSE:ETM). Nj State Employees Deferred Compensation Plan reported 40,000 shares or 0.07% of all its holdings. 13.60M were accumulated by Fmr Ltd Liability Corporation.

Minerva Advisors Llc, which manages about $300.28M and $189.63M US Long portfolio, decreased its stake in Kapstone Paper & Packaging Corp (NYSE:KS) by 76,059 shares to 479,590 shares, valued at $16.46 million in 2018Q1, according to the filing.

More news for Michael Kors Holdings Limited (NYSE:KORS) were recently published by: Investorplace.comwhich released: “Trade of the Day: Michael Kors Stock Is Ripe for the Picking” on July 12, 2018. Benzinga.com‘s article titled: “Barron’s Picks And Pans: Michael Kors, Royal Caribbean, Toll Brothers And More” and published on July 09, 2018 is yet another important article.

Pinebridge Investments Lp, which manages about $38.23 billion and $4.22B US Long portfolio, decreased its stake in Masco Corp Com (NYSE:MAS) by 11,662 shares to 2,098 shares, valued at $85,000 in 2018Q1, according to the filing. It also reduced its holding in Rogers Corp Com (NYSE:ROG) by 11,763 shares in the quarter, leaving it with 3,164 shares, and cut its stake in Northfield Bancorp Inc Del Com (NASDAQ:NFBK).

Investors sentiment decreased to 1.1 in Q1 2018. Its down 0.34, from 1.44 in 2017Q4. It worsened, as 36 investors sold KORS shares while 132 reduced holdings. 58 funds opened positions while 126 raised stakes. 116.43 million shares or 3.07% less from 120.12 million shares in 2017Q4 were reported. Schroder Mgmt holds 0.11% or 1.05M shares. Gargoyle Advisor Limited Liability, New Jersey-based fund reported 5,253 shares. Nine Masts Capital invested in 0.06% or 6,500 shares. Comerica Bancorporation stated it has 0.02% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Two Sigma Limited Company reported 16,453 shares. Hsbc Holdings Public Limited Company holds 0.04% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 453,531 shares. Stone Ridge Asset Mgmt Limited Liability Co owns 51,960 shares for 0.19% of their portfolio. Bnp Paribas Arbitrage holds 144,955 shares. South Dakota Invest Council reported 33,200 shares or 0.05% of all its holdings. Putnam Llc invested in 0.05% or 314,283 shares. Hanseatic Mngmt Svcs Inc, New Mexico-based fund reported 213 shares. Alliancebernstein Limited Partnership owns 263,552 shares. Lazard Asset Management Limited Liability Corp accumulated 104,623 shares. Cypress Cap Management Limited Liability Co (Wy) accumulated 45 shares. Central National Bank & Trust Commerce holds 100 shares.

Since February 13, 2018, it had 0 insider buys, and 10 sales for $66.15 million activity. Another trade for 150,000 shares valued at $10.25M was made by IDOL JOHN D on Tuesday, June 12. 246,590 shares were sold by Kors Michael David, worth $15.12 million. McDonough Krista A had sold 12,100 shares worth $794,557. Reitman Stephen F sold 6,500 shares worth $406,065. Another trade for 4,000 shares valued at $255,752 was sold by Benedetto M William.

Among 37 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 13 have Buy rating, 2 Sell and 22 Hold. Therefore 35% are positive. Michael Kors Holdings Ltd had 138 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Wednesday, November 8. Deutsche Bank has “Hold” rating and $56 target. The stock has “Buy” rating by Buckingham Research on Monday, April 30. The firm earned “Equal-Weight” rating on Thursday, February 8 by Morgan Stanley. Jefferies maintained the shares of KORS in report on Friday, October 27 with “Buy” rating. The rating was maintained by Citigroup with “Neutral” on Thursday, May 31. The stock has “Buy” rating by Oppenheimer on Sunday, June 10. On Thursday, September 10 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. The firm has “Hold” rating by Cowen & Co given on Tuesday, August 8. The firm earned “Hold” rating on Thursday, December 21 by Robert W. Baird. The stock has “Hold” rating by BB&T Capital on Thursday, July 30.

Entercom Communications Corp. (NYSE:ETM) Institutional Positions Chart

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.