As Diageo P L C (DEO) Valuation Rose, Shareholder St James Investment Company Trimmed Its Position by $1.26 Million; Penbrook Management Upped Its Finisar (FNSR) Stake by $403,500

June 17, 2018 - By Linda Rogers

Diageo plc (NYSE:DEO) Logo

St James Investment Company Llc decreased its stake in Diageo P L C (DEO) by 73.33% based on its latest 2018Q1 regulatory filing with the SEC. St James Investment Company Llc sold 9,325 shares as the company’s stock rose 4.97% while stock markets declined. The institutional investor held 3,392 shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $459,000, down from 12,717 at the end of the previous reported quarter. St James Investment Company Llc who had been investing in Diageo P L C for a number of months, seems to be less bullish one the $91.33 billion market cap company. The stock increased 0.40% or $0.59 during the last trading session, reaching $148.57. About 582,882 shares traded or 30.58% up from the average. Diageo plc (NYSE:DEO) has risen 20.09% since June 17, 2017 and is uptrending. It has outperformed by 7.52% the S&P500. Some Historical DEO News: 16/03/2018 – Diageo Among Top Marketers Recognized For Shopper Marketing Effectiveness At North American Shopper Marketing Effie Awards; 24/05/2018 – Mark Kleinman: Exclusive: FTSE-100 drinks giant Diageo puts cluster of US-focused spirits brands including Goldschlager, Myer’s; 05/03/2018 Nicole Austin Named General Manager and Distiller of Cascade Hollow Distilling Co. – The Home of George Dickel Tennessee Whisky; 02/05/2018 – Diageo Announces Changes to North America Leadership; 16/04/2018 – Diageo to Invest GBP150 Million in Visitor Attraction; 24/05/2018 – Diageo Hires Bankers to Sell U.S.-Focused Spirits Brands–Update; 24/05/2018 – ADRs End Lower; Diageo, Petrobras Trade Actively; 28/03/2018 – DIAGEO AFRICA PRESIDENT JOHN O’KEEFFE SPEAKS ON ANALYST CALL; 17/05/2018 – Diageo Launches New American Anthem Vodka; 24/05/2018 – Brands Include Seagram’s VO, Goldschlager, Myers’s Rum, Popov, Romana

Penbrook Management Llc increased its stake in Finisar Corp (FNSR) by 105.8% based on its latest 2018Q1 regulatory filing with the SEC. Penbrook Management Llc bought 26,900 shares as the company’s stock declined 6.94% with the market. The institutional investor held 52,325 shares of the semiconductors company at the end of 2018Q1, valued at $828,000, up from 25,425 at the end of the previous reported quarter. Penbrook Management Llc who had been investing in Finisar Corp for a number of months, seems to be bullish on the $2.07B market cap company. The stock increased 1.69% or $0.3 during the last trading session, reaching $18. About 7.24 million shares traded or 133.50% up from the average. Finisar Corporation (NASDAQ:FNSR) has declined 31.34% since June 17, 2017 and is downtrending. It has underperformed by 43.91% the S&P500. Some Historical FNSR News: 15/05/2018 – Engaged Capital Adds Finisar, Exits Medifast, Cuts NCR: 13F; 15/05/2018 – ENGAGED CAPITAL ADDED FNSR, PETX IN 1Q: 13F; 15/03/2018 – Finisar Closes Below 50-Day Moving Average: Technicals; 15/05/2018 – Engaged Capital Buys New 2.2% Position in Finisar; 08/03/2018 – FINISAR CORP QTRLY SHR LOSS $0.49; 16/04/2018 – Yusuf Hameed, MD: $ACIA $LITE $FNSR Exclusive: U.S. bans American companies from selling to China’s ZTE; 08/03/2018 FINISAR 3Q REV. $332.4M, EST. $333.2M; 08/03/2018 – Finisar Sees 4Q Adj EPS 9c-Adj EPS 15c; 20/04/2018 – DJ Finisar Corporation, Inst Holders, 1Q 2018 (FNSR); 13/03/2018 – Finisar Introduces Industry’s First 400G QSFP-DD Active Optical Cable and Transceivers for Switching and Routing Applications

Penbrook Management Llc, which manages about $132.99M and $100.01M US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 1,994 shares to 2,500 shares, valued at $3.62M in 2018Q1, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 7,000 shares in the quarter, leaving it with 44,815 shares, and cut its stake in Data I O Corp (NASDAQ:DAIO).

Since December 18, 2017, it had 0 insider purchases, and 5 insider sales for $2.27 million activity. RAWLS JERRY S sold $541,998 worth of stock or 30,209 shares. 1,692 shares were sold by Colyar Mark, worth $37,478 on Monday, December 18. Another trade for 20,025 shares valued at $443,554 was made by Adzema Kurt on Monday, December 18.

Among 19 analysts covering Finisar Corporation (NASDAQ:FNSR), 11 have Buy rating, 1 Sell and 7 Hold. Therefore 58% are positive. Finisar Corporation had 86 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was maintained by Needham on Tuesday, September 6 with “Buy”. The stock of Finisar Corporation (NASDAQ:FNSR) has “Buy” rating given on Monday, August 28 by Northland Capital. The rating was upgraded by Craig Hallum on Friday, March 11 to “Buy”. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Equal-Weight” rating by Barclays Capital on Friday, January 8. The rating was downgraded by B. Riley & Co on Friday, September 11 to “Neutral”. The firm has “Outperform” rating by William Blair given on Friday, September 9. As per Friday, September 8, the company rating was maintained by Jefferies. Barclays Capital maintained the shares of FNSR in report on Friday, September 9 with “Equal Weight” rating. Jefferies maintained Finisar Corporation (NASDAQ:FNSR) rating on Friday, February 2. Jefferies has “Buy” rating and $23.0 target. The stock of Finisar Corporation (NASDAQ:FNSR) has “Outperform” rating given on Monday, December 19 by Northland Capital.

More notable recent Finisar Corporation (NASDAQ:FNSR) news were published by: Benzinga.com which released: “A Preview Of Finisar’s Q4 Earnings” on June 14, 2018, also Seekingalpha.com with their article: “NAR: Apple drops iPhone parts orders by 20%; supplier stocks dip” published on June 08, 2018, Globenewswire.com published: “Finisar to Announce Fiscal 2018 Financial Results” on June 04, 2018. More interesting news about Finisar Corporation (NASDAQ:FNSR) were released by: Seekingalpha.com and their article: “Stocks To Watch: Focus On E3, IHOP/b And The World Cup” published on June 09, 2018 as well as Seekingalpha.com‘s news article titled: “Finisar: 64% Upside Potential” with publication date: June 01, 2018.

Investors sentiment increased to 1.37 in Q1 2018. Its up 0.39, from 0.98 in 2017Q4. It improved, as 31 investors sold FNSR shares while 61 reduced holdings. 53 funds opened positions while 73 raised stakes. 113.82 million shares or 12.64% more from 101.05 million shares in 2017Q4 were reported. Pinnacle Associate Limited holds 1.14M shares or 0.35% of its portfolio. The Georgia-based Invesco Limited has invested 0% in Finisar Corporation (NASDAQ:FNSR). Css Ltd Com Il has 0.01% invested in Finisar Corporation (NASDAQ:FNSR). Granite Point Cap Mngmt LP holds 10,000 shares. Loomis Sayles & LP holds 0% or 452 shares. Teton Advsr reported 14,900 shares. 1.60 million were accumulated by State Of New Jersey Common Pension Fund D. Teacher Retirement System Of Texas stated it has 0% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Congress Asset Mngmt Ma holds 0.03% or 144,158 shares. Penbrook Limited Liability Company invested in 0.83% or 52,325 shares. Fisher Asset Mgmt Limited Liability holds 4.30 million shares or 0.08% of its portfolio. Financial Bank Of Mellon owns 1.44 million shares. Aqr Cap Management Limited Co holds 0% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 73,767 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems holds 0% in Finisar Corporation (NASDAQ:FNSR) or 10,664 shares. The Virginia-based Thompson Siegel And Walmsley Limited Liability Corp has invested 0.19% in Finisar Corporation (NASDAQ:FNSR).

More important recent Diageo plc (NYSE:DEO) news were published by: Fool.com which released: “Why Diageo Wants to Dump $1 Billion Worth of Spirits” on June 08, 2018, also Forbes.com published article titled: “How Will Diageo Deliver Growth From Africa Despite Macroeconomic Uncertainty?”, Investorplace.com published: “Is Molson Coors Brewing Co Stock Set to Rebound 20%?” on June 12, 2018. More interesting news about Diageo plc (NYSE:DEO) was released by: Seekingalpha.com and their article: “Canopy Growth Corp. – Smoking Hot Valuation” with publication date: May 25, 2018.

St James Investment Company Llc, which manages about $1.41 billion and $827.06 million US Long portfolio, upped its stake in Liberty Global Plc (NASDAQ:LBTYK) by 30,405 shares to 927,980 shares, valued at $28.24M in 2018Q1, according to the filing. It also increased its holding in Tjx Cos Inc New (NYSE:TJX) by 121,643 shares in the quarter, for a total of 521,865 shares, and has risen its stake in Dominion Energy Inc (NYSE:D).

Among 26 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 7 Hold. Therefore 62% are positive. Diageo had 42 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating by Berenberg given on Wednesday, September 13. Jefferies maintained Diageo plc (NYSE:DEO) rating on Thursday, July 27. Jefferies has “Buy” rating and $142.2500 target. The stock has “Hold” rating by Societe Generale on Monday, June 27. The rating was upgraded by BNP Paribas to “Outperform” on Friday, September 11. The rating was maintained by Natixis with “Buy” on Thursday, September 24. The rating was reinitiated by Bank of America on Friday, September 16 with “Buy”. The company was initiated on Monday, October 3 by Liberum Capital. The rating was maintained by Jefferies on Monday, April 24 with “Buy”. As per Tuesday, October 31, the company rating was maintained by Jefferies. The stock has “Neutral” rating by JP Morgan on Friday, July 31.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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