Basso Capital Management LP Has Lowered Position in Finisar (FNSR) by $532,000; Meag Munich Ergo Kapitalanlagegesellschaft Mbh Has Upped Its Ball (BLL) Holding

May 28, 2018 - By Nellie Frank

Finisar Corporation (NASDAQ:FNSR) Logo

Basso Capital Management Lp decreased its stake in Finisar Corp (FNSR) by 50% based on its latest 2017Q4 regulatory filing with the SEC. Basso Capital Management Lp sold 26,600 shares as the company’s stock declined 26.60% with the market. The hedge fund held 26,600 shares of the semiconductors company at the end of 2017Q4, valued at $541,000, down from 53,200 at the end of the previous reported quarter. Basso Capital Management Lp who had been investing in Finisar Corp for a number of months, seems to be less bullish one the $1.95 billion market cap company. The stock increased 2.65% or $0.44 during the last trading session, reaching $17.02. About 1.73 million shares traded. Finisar Corporation (NASDAQ:FNSR) has declined 45.10% since May 28, 2017 and is downtrending. It has underperformed by 56.65% the S&P500.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh increased its stake in Ball Corp (BLL) by 46.16% based on its latest 2017Q4 regulatory filing with the SEC. Meag Munich Ergo Kapitalanlagegesellschaft Mbh bought 16,847 shares as the company’s stock rose 3.21% while stock markets declined. The institutional investor held 53,341 shares of the containers and packaging company at the end of 2017Q4, valued at $2.04 million, up from 36,494 at the end of the previous reported quarter. Meag Munich Ergo Kapitalanlagegesellschaft Mbh who had been investing in Ball Corp for a number of months, seems to be bullish on the $13.40B market cap company. The stock increased 0.05% or $0.02 during the last trading session, reaching $38.37. About 1.34M shares traded. Ball Corporation (NYSE:BLL) has risen 6.31% since May 28, 2017 and is uptrending. It has underperformed by 5.24% the S&P500.

Investors sentiment decreased to 1.31 in 2017 Q4. Its down 0.03, from 1.34 in 2017Q3. It dropped, as 33 investors sold BLL shares while 129 reduced holdings. 75 funds opened positions while 138 raised stakes. 292.68 million shares or 3.20% less from 302.34 million shares in 2017Q3 were reported. Marsico Cap Mngmt Ltd Liability Corporation owns 84,260 shares. Liberty Mutual Grp Asset Mngmt reported 14,021 shares stake. Sasco Ct holds 2.21M shares or 3.06% of its portfolio. Magnetar Fin Limited has invested 0.04% in Ball Corporation (NYSE:BLL). Iridian Asset Management Ltd Liability Com Ct invested in 6.21 million shares. Moreover, Harvest Capital Mngmt has 0.09% invested in Ball Corporation (NYSE:BLL). Nelson Van Denburg And Campbell Wealth Gru Lc has 12,840 shares. Tarbox Family Office invested in 114 shares. Evermay Wealth Mngmt Llc has 5,964 shares for 0.08% of their portfolio. Moreover, Eagle Asset Inc has 0.19% invested in Ball Corporation (NYSE:BLL) for 907,498 shares. Principal Financial Grp Incorporated invested in 532,856 shares or 0.02% of the stock. Moreover, Morgan Stanley has 0.01% invested in Ball Corporation (NYSE:BLL). Qs Ltd Liability Corp has 0% invested in Ball Corporation (NYSE:BLL). Moreover, Parallax Volatility Advisers Lp has 0% invested in Ball Corporation (NYSE:BLL). Jefferies Llc invested in 167,909 shares or 0.03% of the stock.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh, which manages about $2.60B US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 109,131 shares to 212,812 shares, valued at $38.09M in 2017Q4, according to the filing. It also reduced its holding in Eastman Chem Co (NYSE:EMN) by 89,757 shares in the quarter, leaving it with 6,938 shares, and cut its stake in Pnc Finl Svcs Group Inc (NYSE:PNC).

Among 14 analysts covering Ball Corporation (NYSE:BLL), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Ball Corporation had 38 analyst reports since October 15, 2015 according to SRatingsIntel. The firm earned “Sector Weight” rating on Monday, February 12 by KeyBanc Capital Markets. Vertical Research downgraded the stock to “Hold” rating in Friday, August 5 report. The stock of Ball Corporation (NYSE:BLL) has “Hold” rating given on Friday, June 2 by BMO Capital Markets. Robert W. Baird maintained the shares of BLL in report on Tuesday, October 10 with “Buy” rating. As per Friday, July 29, the company rating was initiated by Citigroup. BMO Capital Markets maintained Ball Corporation (NYSE:BLL) on Wednesday, July 19 with “Hold” rating. The company was upgraded on Friday, December 15 by Vertical Research. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, July 14. KeyBanc Capital Markets downgraded Ball Corporation (NYSE:BLL) on Friday, December 8 to “Underweight” rating. The stock has “Buy” rating by Jefferies on Thursday, August 3.

Since January 5, 2018, it had 1 buy, and 10 selling transactions for $1.64 million activity. Shares for $100,065 were sold by MORRISON SCOTT C on Friday, January 19. Shares for $272,890 were sold by Pauley Lisa Ann on Thursday, February 15. Another trade for 2,200 shares valued at $89,562 was sold by HOOVER R DAVID. Shares for $261,823 were sold by HAYES JOHN A on Friday, January 5. 2,500 Ball Corporation (NYSE:BLL) shares with value of $98,900 were sold by STRAIN ROBERT D. Another trade for 9,000 shares valued at $360,900 was made by Fisher Daniel William on Tuesday, February 27.

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 firm has “Buy” rating given on Friday, June 16 by Dougherty. On Tuesday, November 7 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock of Finisar Corporation (NASDAQ:FNSR) has “Buy” rating given on Monday, December 4 by Needham. As per Monday, September 12, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Monday, September 19 by Needham. Needham maintained it with “Buy” rating and $38 target in Monday, October 31 report. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Equal-Weight” rating by Barclays Capital on Friday, September 8. The firm earned “Neutral” rating on Wednesday, November 29 by B. Riley & Co. William Blair maintained the stock with “Buy” rating in Wednesday, June 7 report. On Friday, September 11 the stock rating was downgraded by B. Riley & Co to “Neutral”.

Basso Capital Management Lp, which manages about $1.58 billion and $612.53M US Long portfolio, upped its stake in Ares Cap Corp (Prn) by 2.50 million shares to 13.15M shares, valued at $13.15M in 2017Q4, according to the filing. It also increased its holding in Modern Media Acquisition by 228,330 shares in the quarter, for a total of 472,861 shares, and has risen its stake in Industrea Acquisition Corp.

More news for Finisar Corporation (NASDAQ:FNSR) were recently published by: Livetradingnews.com, which released: “Finisar Corporation (NASDAQ:FNSR) Heffx Technical Analysis” on May 15, 2018. Streetinsider.com‘s article titled: “Acacia (ACIA), Finisar (FNSR) Shares on Watch Amid Potential ZTE Resolution” and published on May 14, 2018 is yet another important article.

Since December 13, 2017, it had 0 insider purchases, and 7 selling transactions for $2.27 million activity. Another trade for 30,209 shares valued at $541,998 was sold by RAWLS JERRY S. Adzema Kurt had sold 20,025 shares worth $443,554 on Monday, December 18. CLARK JOHN H also sold $154,031 worth of Finisar Corporation (NASDAQ:FNSR) on Wednesday, December 13. FERGUSON ROGER C also sold $51,900 worth of Finisar Corporation (NASDAQ:FNSR) on Thursday, March 22.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.28, from 1.26 in 2017Q3. It dropped, as 52 investors sold FNSR shares while 60 reduced holdings. 36 funds opened positions while 74 raised stakes. 101.05 million shares or 0.55% more from 100.50 million shares in 2017Q3 were reported. First Bank & Trust Of Omaha accumulated 80,309 shares. Rhumbline Advisers stated it has 115,682 shares or 0% of all its holdings. Jpmorgan Chase And Communication accumulated 0% or 338,738 shares. 1.29 million were reported by Amundi Pioneer Asset Mgmt Inc. King Luther Mngmt stated it has 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). 900,940 are held by Schwab Charles Mngmt Inc. Manufacturers Life Ins Commerce The reported 0.01% in Finisar Corporation (NASDAQ:FNSR). Glenmede Trust Com Na, Pennsylvania-based fund reported 825,578 shares. Supplemental Annuity Collective Tru Of Nj holds 0.26% or 30,000 shares in its portfolio. Basso Cap Mngmt LP accumulated 26,600 shares. Morgan Stanley holds 0% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 434,687 shares. Moreover, Parametric Port Associates Lc has 0.02% invested in Finisar Corporation (NASDAQ:FNSR). Quantbot Technology LP reported 7,258 shares stake. Ci Invs Incorporated reported 752,100 shares or 0.15% of all its holdings. Paloma Partners Management reported 122,255 shares or 0.03% of all its holdings.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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