Fred Alger Management Has Decreased Hd Supply Holdings (HDS) Position By $32.52 Million; Mainstay Definedterm Municipal Opportunities Fund Has 1.33 Sentiment

June 20, 2017 - By Henry Gaston

Fred Alger Management Inc decreased Hd Supply Holdings Inc (HDS) stake by 14.75% reported in 2016Q4 SEC filing. Fred Alger Management Inc sold 774,344 shares as Hd Supply Holdings Inc (HDS)’s stock declined 3.14%. The Fred Alger Management Inc holds 4.48M shares with $190.32M value, down from 5.25 million last quarter. Hd Supply Holdings Inc now has $6.64 billion valuation. The stock declined 0.93% or $0.3 reaching $32.08 per share. About 1.75M shares traded. HD Supply Holdings Inc (NASDAQ:HDS) has risen 25.80% since June 20, 2016 and is uptrending. It has outperformed by 9.10% the S&P500.

Mainstay Definedterm Municipal Opportunities Fund is a diversified, closed-end management investment company. The company has market cap of $545.58 million. The Fund’s primary investment objective is to seek current income exempt from regular the United States Federal income taxes (but which may be includable in taxable income for purpose of the Federal alternative minimum tax). It currently has negative earnings. The Fund’s secondary objective is total return.

About 33,062 shares traded. Mainstay Definedterm Municipal Opptys Fd (MMD) has declined 0.25% since June 20, 2016 and is downtrending. It has underperformed by 16.95% the S&P500.

Robinson Capital Management Llc holds 1.52% of its portfolio in Mainstay Definedterm Municipal Opptys Fd for 152,597 shares. Botty Investors Llc owns 41,043 shares or 0.44% of their US portfolio. Moreover, Summit Financial Wealth Advisors Llc has 0.19% invested in the company for 23,850 shares. The Texas-based Usca Ria Llc has invested 0.14% in the stock. Regal Investment Advisors Llc, a Michigan-based fund reported 17,895 shares.

Fred Alger Management Inc increased Planet Fitness Inc Class A stake by 39,954 shares to 216,105 valued at $4.34M in 2016Q4. It also upped Universal Display Corp (NASDAQ:OLED) stake by 154,400 shares and now owns 183,345 shares. Johnson & Johnson (NYSE:JNJ) was raised too.

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