Lumentum Holdings Inc. (LITE) Reaches $53.20 After 3.00% Down Move; Prince Street Capital Management Has Upped Its Compania De Minas Buenaventu (BVN) Position

January 12, 2018 - By Michael Collier

Prince Street Capital Management Llc increased Compania De Minas Buenaventu (BVN) stake by 25.25% reported in 2017Q3 SEC filing. Prince Street Capital Management Llc acquired 272,200 shares as Compania De Minas Buenaventu (BVN)’s stock declined 5.94%. The Prince Street Capital Management Llc holds 1.35 million shares with $17.27 million value, up from 1.08M last quarter. Compania De Minas Buenaventu now has $3.68 billion valuation. The stock increased 1.76% or $0.25 during the last trading session, reaching $14.47. About 597,789 shares traded. Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) has risen 23.87% since January 12, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

The stock of Lumentum Holdings Inc. (NASDAQ:LITE) is a huge mover today! The stock increased 0.38% or $0.2 during the last trading session, reaching $53.2. About 667,726 shares traded. Lumentum Holdings Inc. (NASDAQ:LITE) has risen 145.74% since January 12, 2017 and is uptrending. It has outperformed by 129.04% the S&P500.The move comes after 8 months negative chart setup for the $3.30 billion company. It was reported on Jan, 12 by Barchart.com. We have $51.60 PT which if reached, will make NASDAQ:LITE worth $98.94 million less.

Among 4 analysts covering Compania de Minas Buenaventura SA (NYSE:BVN), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Compania de Minas Buenaventura SA had 12 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Friday, April 15. HSBC upgraded the shares of BVN in report on Tuesday, December 13 to “Buy” rating. HSBC upgraded the stock to “Buy” rating in Friday, May 6 report. As per Friday, August 7, the company rating was downgraded by Zacks. The rating was upgraded by Bank of America to “Buy” on Tuesday, June 28. The company was downgraded on Wednesday, April 13 by HSBC. On Friday, July 28 the stock rating was maintained by Credit Suisse with “Hold”. The rating was downgraded by Credit Suisse to “Neutral” on Monday, September 21.

Prince Street Capital Management Llc decreased Brf Sa (NYSE:BRFS) stake by 1.27M shares to 231,000 valued at $3.33 million in 2017Q3. It also reduced Transportadora De Gas Sur (NYSE:TGS) stake by 224,000 shares and now owns 260,000 shares. Randgold Res Ltd (NASDAQ:GOLD) was reduced too.

Among 14 analysts covering Lumentum (NASDAQ:LITE), 6 have Buy rating, 3 Sell and 5 Hold. Therefore 43% are positive. Lumentum had 33 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, September 24 by M Partners. The stock of Lumentum Holdings Inc. (NASDAQ:LITE) has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The rating was initiated by Raymond James with “Mkt Perform” on Tuesday, August 4. B. Riley & Co initiated it with “Buy” rating and $27.25 target in Wednesday, August 5 report. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, August 5. The rating was maintained by M Partners with “Buy” on Wednesday, July 20. The rating was initiated by Piper Jaffray with “Overweight” on Tuesday, February 23. The firm earned “Buy” rating on Tuesday, January 12 by M Partners. RBC Capital Markets downgraded Lumentum Holdings Inc. (NASDAQ:LITE) on Wednesday, September 9 to “Sector Perform” rating. Morgan Stanley downgraded Lumentum Holdings Inc. (NASDAQ:LITE) on Thursday, August 11 to “Underweight” rating.

Analysts await Lumentum Holdings Inc. (NASDAQ:LITE) to report earnings on February, 6. They expect $0.97 earnings per share, up 125.58% or $0.54 from last year’s $0.43 per share. LITE’s profit will be $60.13 million for 13.71 P/E if the $0.97 EPS becomes a reality. After $0.32 actual earnings per share reported by Lumentum Holdings Inc. for the previous quarter, Wall Street now forecasts 203.13% EPS growth.

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company has market cap of $3.30 billion. It operates through two divisions, Optical Communications and Commercial Lasers. It currently has negative earnings. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables.

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