Strategic Global Advisors Has Cut Its Flex LTD (FLEX) Holding; Ellington Financial (EFC)’s Sentiment Is 1.64

September 13, 2017 - By Henry Gaston

Strategic Global Advisors Llc decreased Flex Ltd (FLEX) stake by 83.57% reported in 2016Q4 SEC filing. Strategic Global Advisors Llc sold 1.20M shares as Flex Ltd (FLEX)’s stock rose 0.43%. The Strategic Global Advisors Llc holds 235,276 shares with $3.38M value, down from 1.43 million last quarter. Flex Ltd now has $8.81 billion valuation. The stock declined 1.78% or $0.3 reaching $16.55 per share. About 1.67M shares traded. Flex Ltd (NASDAQ:FLEX) has risen 35.11% since September 13, 2016 and is uptrending. It has outperformed by 18.41% the S&P500.

Ellington Financial LLC is a specialty finance firm that acquires and manages mortgage-related and other financial assets. The company has market cap of $498.71 million.

Since May 5, 2017, it had 0 insider buys, and 15 sales for $7.22 million activity. Humphries Paul sold 23,859 shares worth $393,685. Bennett David P sold $93,960 worth of stock or 5,656 shares. On Tuesday, June 13 Collier Christopher sold $279,702 worth of Flex Ltd (NASDAQ:FLEX) or 16,787 shares. Another trade for 23,454 shares valued at $383,297 was made by Barbier Francois on Thursday, June 15. Another trade for 47,098 shares valued at $784,888 was sold by MCNAMARA MICHAEL M. Shares for $453,177 were sold by WATKINS WILLIAM D.

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 37 analyst reports since July 28, 2015 according to SRatingsIntel. Goldman Sachs upgraded the shares of FLEX in report on Tuesday, September 20 to “Buy” rating. RBC Capital Markets maintained the shares of FLEX in report on Thursday, August 27 with “Outperform” rating. On Wednesday, August 2 the stock rating was maintained by UBS with “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Monday, January 18. Citigroup maintained Flex Ltd (NASDAQ:FLEX) rating on Wednesday, October 21. Citigroup has “Neutral” rating and $13 target. On Friday, January 29 the stock rating was upgraded by Argus Research to “Buy”. The firm has “Outperform” rating given on Tuesday, February 21 by RBC Capital Markets. As per Friday, August 21, the company rating was upgraded by Zacks. Zacks upgraded the shares of FLEX in report on Tuesday, August 11 to “Sell” rating. The rating was initiated by Macquarie Research with “Hold” on Thursday, June 22.

Investors sentiment increased to 1.19 in 2016 Q4. Its up 0.43, from 0.76 in 2016Q3. It is positive, as 33 investors sold FLEX shares while 120 reduced holdings. 41 funds opened positions while 89 raised stakes. 484.15 million shares or 12.61% more from 429.95 million shares in 2016Q3 were reported. Atlantic Ltd holds 0% or 27,735 shares. Hillsdale reported 0% of its portfolio in Flex Ltd (NASDAQ:FLEX). Colorado-based Public Employees Retirement Association Of Colorado has invested 0.01% in Flex Ltd (NASDAQ:FLEX). Fiera invested in 0% or 16,900 shares. Ahl Ptnrs Llp owns 445,474 shares or 0.2% of their US portfolio. Janus Capital Mgmt Limited Co has invested 0.34% in Flex Ltd (NASDAQ:FLEX). Earnest Prtnrs Llc, Georgia-based fund reported 2.71 million shares. Factory Mutual has 0.32% invested in Flex Ltd (NASDAQ:FLEX) for 1.86 million shares. Robeco Institutional Asset Management Bv stated it has 145,923 shares or 0.02% of all its holdings. Blackrock Investment Management Ltd reported 3.51M shares or 0.06% of all its holdings. Panagora Asset Management holds 0.07% or 1.13 million shares. Evercore Wealth Mngmt Ltd Liability Corporation holds 285 shares. Guggenheim Capital Ltd Liability Corp stated it has 0% of its portfolio in Flex Ltd (NASDAQ:FLEX). Commonwealth Equity Ser Inc reported 17,775 shares. 156,704 were reported by Fjarde Ap.

Strategic Global Advisors Llc increased Bank Amer Corp (NYSE:BAC) stake by 48,947 shares to 156,319 valued at $3.46 million in 2016Q4. It also upped Orbotech Ltd (NASDAQ:ORBK) stake by 9,650 shares and now owns 28,870 shares. Broadcom Ltd was raised too.

About 271,625 shares traded or 112.70% up from the average. Ellington Financial LLC (EFC) has declined 3.64% since September 13, 2016 and is downtrending. It has underperformed by 20.34% the S&P500.

Greenwich Investment Management Inc. holds 4.12% of its portfolio in Ellington Financial LLC for 260,085 shares. Reservoir Operations L.P. owns 183,210 shares or 3.2% of their US portfolio. Moreover, Ellington Management Group Llc has 2.47% invested in the company for 1.04 million shares. The New York-based Bbr Partners Llc has invested 2.36% in the stock. Merriman Wealth Management Llc, a Washington-based fund reported 437,250 shares.

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