Bunge Limited (BG) Reaches $71.00 After 9.00% Up Move; Daruma Capital Management Boosted Its Ii Vi (IIVI) Position

June 21, 2018 - By Richard Conner

II-VI Incorporated (NASDAQ:IIVI) Logo

Daruma Capital Management Llc increased Ii Vi Inc (IIVI) stake by 19.58% reported in 2018Q1 SEC filing. Daruma Capital Management Llc acquired 19,504 shares as Ii Vi Inc (IIVI)’s stock rose 17.25%. The Daruma Capital Management Llc holds 119,102 shares with $4.87 million value, up from 99,598 last quarter. Ii Vi Inc now has $2.99 billion valuation. The stock increased 0.84% or $0.4 during the last trading session, reaching $47.75. About 133,333 shares traded. II-VI Incorporated (NASDAQ:IIVI) has risen 44.87% since June 21, 2017 and is uptrending. It has outperformed by 32.30% the S&P500. Some Historical IIVI News: 19/03/2018 – Il-Vl INC llVl.O : DEUTSCHE BANK INITIATES WITH BUY, $56 TARGET PRICE; 26/03/2018 – II-VI TO BUY COADNA, A LEADER IN WAVELENGTH SELECTIVE SWITCHES; 14/03/2018 – Il-Vl Incorporated Introduces 1 kW Direct Diode Laser Engine; 26/03/2018 – Il-Vl INC – TRANSACTION PRICE INCLUDES ACQUISITION OF COADNA’S APPROXIMATELY $40 MLN IN CASH; 09/03/2018 – II-VI Incorporated to Participate at the OIDA Executive Forum and Present at OFC; 08/05/2018 – II-VI at Non-Deal Roadshow Hosted By Benchmark Co., LLC Today; 01/05/2018 – II-VI SEES 4Q REV. $295M TO $305M, EST. $299.4M; 01/05/2018 – II-VI SEES 4Q EPS 37C TO 43C, EST. 49C; 21/04/2018 – DJ II-VI Incorporated, Inst Holders, 1Q 2018 (IIVI); 08/03/2018 II-VI Incorporated Announces Bi-Directional Optical Line Subsystem Platform for Datacenter Interconnects

The stock of Bunge Limited (NYSE:BG) is a huge mover today! The stock increased 1.04% or $0.73 during the last trading session, reaching $71. About 798,049 shares traded. Bunge Limited (NYSE:BG) has declined 15.96% since June 21, 2017 and is downtrending. It has underperformed by 28.53% the S&P500. Some Historical BG News: 03/05/2018 – Bunge Closes Below 200-Day Moving Average: Technicals; 23/03/2018 – Feed and Grain: Bunge’s Argentine Plants Behind ADM Bid; 11/05/2018 – Bunge Canada: Closing Canola Prices – May 11; 20/03/2018 – MOVES-Senior Black Sea trader at Bunge leaves; 02/05/2018 – CHINA BUYING SOY FROM BRAZIL, CANADA RATHER THAN U.S.: BUNGE; 16/05/2018 – BUNGE BIOENERGIA IPO WILL BE MANAGED BY ITAU BBA, JPMORGAN AND SANTANDER – DOCUMENT; 15/05/2018 – BUNGE LTD – FILING OF REGISTRATION REQUEST WITH BRAZILIAN SECURITIES COMMISSION FOR POTENTIAL IPO OF BUNGE AÇÚCAR & BIONERGIA; 28/03/2018 – Bunge Canada: Closing Canola Prices – Mar 28; 05/03/2018 – Investor Continental Grain Is Set to Pressure Bunge to Sell Itself; 03/04/2018 – Feed and Grain: Continental Grain to Push Bunge to Consider Potential SaleThe move comes after 8 months positive chart setup for the $10.00 billion company. It was reported on Jun, 21 by Barchart.com. We have $77.39 PT which if reached, will make NYSE:BG worth $900.36 million more.

More news for Bunge Limited (NYSE:BG) were recently published by: Seekingalpha.com, which released: “Report: Rumor has Glencore taking a shine to Bunge for potential bid” on June 21, 2018. Streetinsider.com‘s article titled: “Short-sellers sense an opportunity as China trade tensions brew” and published on June 20, 2018 is yet another important article.

Among 11 analysts covering Bunge Limited (NYSE:BG), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Bunge Limited had 37 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, February 15, the company rating was upgraded by Stephens. The rating was maintained by BMO Capital Markets on Wednesday, September 27 with “Buy”. The stock has “Buy” rating by Citigroup on Wednesday, July 12. As per Friday, July 14, the company rating was maintained by Piper Jaffray. BMO Capital Markets maintained Bunge Limited (NYSE:BG) on Thursday, July 13 with “Buy” rating. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, March 7. Credit Suisse upgraded the shares of BG in report on Thursday, June 14 to “Buy” rating. The rating was downgraded by Citigroup to “Neutral” on Thursday, September 28. As per Friday, May 26, the company rating was maintained by Credit Suisse. The company was downgraded on Monday, August 3 by TheStreet.

Analysts await Bunge Limited (NYSE:BG) to report earnings on August, 1. They expect $1.65 earnings per share, up 870.59% or $1.48 from last year’s $0.17 per share. BG’s profit will be $232.49M for 10.76 P/E if the $1.65 EPS becomes a reality. After $-0.06 actual earnings per share reported by Bunge Limited for the previous quarter, Wall Street now forecasts -2,850.00% EPS growth.

Bunge Limited, together with its subsidiaries, operates as an agribusiness and food firm worldwide. The company has market cap of $10.00 billion. It operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. It has a 173.17 P/E ratio. The Agribusiness segment is involved in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products, including oilseeds and grains comprising soybeans, rapeseed, canola, sunflower seeds, wheat, and corn to animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing companies, and biodiesel industries.

Since June 4, 2018, it had 0 insider buys, and 1 insider sale for $289,777 activity. Simmons Jerry Matthews JR sold $289,777 worth of stock or 4,122 shares.

Investors sentiment increased to 1.15 in 2018 Q1. Its up 0.26, from 0.89 in 2017Q4. It improved, as 40 investors sold Bunge Limited shares while 116 reduced holdings. 66 funds opened positions while 113 raised stakes. 108.36 million shares or 0.61% more from 107.71 million shares in 2017Q4 were reported. Barrow Hanley Mewhinney & Strauss Lc reported 320 shares or 0% of all its holdings. Amp Invsts Limited reported 170,239 shares. Bermuda-based Fil Ltd has invested 0.1% in Bunge Limited (NYSE:BG). Stone Ridge Asset Mngmt Lc has 0.11% invested in Bunge Limited (NYSE:BG) for 24,477 shares. Franklin Resource Incorporated reported 4.91 million shares. Aperio Group Llc has invested 0.02% in Bunge Limited (NYSE:BG). Verition Fund Mngmt Llc invested in 0.2% or 36,103 shares. Prelude Capital Management Ltd Co owns 4,287 shares or 0.02% of their US portfolio. Washington-based Cornerstone Advsr has invested 0.02% in Bunge Limited (NYSE:BG). Nikko Asset Mngmt Americas reported 0.36% in Bunge Limited (NYSE:BG). Wells Fargo Com Mn has invested 0.02% in Bunge Limited (NYSE:BG). Lombard Odier Asset Management (Switzerland) Sa stated it has 10,784 shares. Vanguard Gp has invested 0.04% in Bunge Limited (NYSE:BG). Td Asset accumulated 2,873 shares or 0% of the stock. Shell Asset Com has invested 0.01% in Bunge Limited (NYSE:BG).

More news for II-VI Incorporated (NASDAQ:IIVI) were recently published by: Globenewswire.com, which released: “Analysis: Positioning to Benefit within The Stars Group, AMAG Pharmaceuticals, ResMed, WestRock, Briggs & Stratton …” on June 18, 2018. Seekingalpha.com‘s article titled: “NAR: Apple drops iPhone parts orders by 20%; supplier stocks dip” and published on June 08, 2018 is yet another important article.

Daruma Capital Management Llc decreased Pacira Pharmaceuticals Inc (NASDAQ:PCRX) stake by 93,634 shares to 1.14M valued at $35.42 million in 2018Q1. It also reduced Newpark Res Inc (NYSE:NR) stake by 146,094 shares and now owns 4.23 million shares. Green Plains Inc (NASDAQ:GPRE) was reduced too.

Investors sentiment increased to 1.14 in Q1 2018. Its up 0.16, from 0.98 in 2017Q4. It is positive, as 25 investors sold IIVI shares while 68 reduced holdings. 36 funds opened positions while 70 raised stakes. 57.75 million shares or 7.18% more from 53.88 million shares in 2017Q4 were reported. Rhumbline Advisers has 150,957 shares. Bahl Gaynor reported 67,556 shares stake. 861,268 were reported by Northern Tru. Thrivent Financial For Lutherans holds 37,036 shares or 0.01% of its portfolio. Parametric Assoc Llc holds 0% in II-VI Incorporated (NASDAQ:IIVI) or 118,080 shares. 10,723 were reported by Pub Employees Retirement Association Of Colorado. Mutual Of America Capital Limited Liability Com invested in 0.1% or 162,394 shares. California Employees Retirement stated it has 0.01% of its portfolio in II-VI Incorporated (NASDAQ:IIVI). Pictet Asset Mngmt Limited reported 734,263 shares. First Interstate National Bank & Trust owns 400 shares. Smithfield Tru reported 0.02% in II-VI Incorporated (NASDAQ:IIVI). 8,196 are owned by First Mercantile Tru. Moreover, New York State Common Retirement Fund has 0% invested in II-VI Incorporated (NASDAQ:IIVI). Advisory Services Net Ltd Limited Liability Company stated it has 100 shares or 0% of all its holdings. 437,367 were reported by First Republic Management.

Among 13 analysts covering II-VI (NASDAQ:IIVI), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. II-VI had 36 analyst reports since August 4, 2015 according to SRatingsIntel. B. Riley & Co upgraded II-VI Incorporated (NASDAQ:IIVI) on Wednesday, October 26 to “Buy” rating. The rating was maintained by Needham with “Buy” on Monday, October 24. The stock of II-VI Incorporated (NASDAQ:IIVI) has “Buy” rating given on Tuesday, October 31 by Needham. TheStreet downgraded the stock to “Buy” rating in Saturday, August 15 report. Zacks downgraded the stock to “Hold” rating in Thursday, August 6 report. Benchmark maintained the shares of IIVI in report on Tuesday, August 8 with “Buy” rating. On Wednesday, June 21 the stock rating was maintained by Needham with “Buy”. The stock has “Buy” rating by B. Riley & Co on Wednesday, May 2. The stock of II-VI Incorporated (NASDAQ:IIVI) has “Buy” rating given on Wednesday, January 25 by Needham. The stock of II-VI Incorporated (NASDAQ:IIVI) has “Buy” rating given on Friday, September 8 by Benchmark.

Since March 20, 2018, it had 0 buys, and 2 sales for $668,819 activity. MATTERA VINCENT D JR sold $378,738 worth of II-VI Incorporated (NASDAQ:IIVI) on Tuesday, March 20. $290,081 worth of stock was sold by Wagner David G on Thursday, May 31.

II-VI Incorporated (NASDAQ:IIVI) Institutional Positions Chart

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