Hendershot Investments Lowered Its Position in Johnson & Johnson (JNJ) by $1.45 Million; Jefferies Group Has Cut Its Position in Finisar (FNSR) by $1.78 Million

April 25, 2018 - By Michael Collier

Finisar Corporation (NASDAQ:FNSR) Logo

Hendershot Investments Inc decreased its stake in Johnson & Johnson (JNJ) by 27.17% based on its latest 2017Q4 regulatory filing with the SEC. Hendershot Investments Inc sold 10,408 shares as the company’s stock declined 9.21% with the market. The institutional investor held 27,892 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $3.90 million, down from 38,300 at the end of the previous reported quarter. Hendershot Investments Inc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $337.52B market cap company. The stock decreased 0.30% or $0.3722 during the last trading session, reaching $125.8178. About 2.40 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 25, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Jefferies Group Llc decreased its stake in Finisar Corp (FNSR) by 84.64% based on its latest 2017Q4 regulatory filing with the SEC. Jefferies Group Llc sold 88,875 shares as the company’s stock declined 26.60% with the market. The institutional investor held 16,125 shares of the semiconductors company at the end of 2017Q4, valued at $328,000, down from 105,000 at the end of the previous reported quarter. Jefferies Group Llc who had been investing in Finisar Corp for a number of months, seems to be less bullish one the $1.74B market cap company. The stock decreased 5.16% or $0.825 during the last trading session, reaching $15.155. About 1.57 million shares traded. Finisar Corporation (NASDAQ:FNSR) has declined 45.10% since April 25, 2017 and is downtrending. It has underperformed by 56.65% the S&P500.

Since February 15, 2018, it had 0 buys, and 1 insider sale for $20.17 million activity.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 100 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, June 14 by Jefferies. The firm has “Equal-Weight” rating given on Wednesday, October 18 by Barclays Capital. The rating was maintained by BMO Capital Markets on Monday, July 10 with “Buy”. Cowen & Co maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, August 24. Cowen & Co has “Buy” rating and $147.0 target. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, October 7. The stock of Johnson & Johnson (NYSE:JNJ) has “Buy” rating given on Tuesday, October 17 by BMO Capital Markets. The stock has “Buy” rating by Argus Research on Wednesday, October 18. The firm earned “Buy” rating on Tuesday, February 6 by Wells Fargo. The firm earned “Outperform” rating on Tuesday, August 25 by Cowen & Co. Wells Fargo maintained the stock with “Buy” rating in Wednesday, October 18 report.

Hendershot Investments Inc, which manages about $236.98M and $248.62M US Long portfolio, upped its stake in Gentex Corp (NASDAQ:GNTX) by 46,395 shares to 196,955 shares, valued at $4.13 million in 2017Q4, according to the filing. It also increased its holding in Genuine Parts Co (NYSE:GPC) by 35,530 shares in the quarter, for a total of 58,349 shares, and has risen its stake in Tjx Cos Inc New (NYSE:TJX).

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.04, from 0.83 in 2017Q3. It improved, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Staley Advisers owns 197,953 shares for 2.15% of their portfolio. Wg Shaheen & Associate Dba Whitney & holds 1.19% or 29,430 shares. Beacon Cap Mngmt Incorporated, a Ohio-based fund reported 7 shares. Macnealy Hoover Inv Mngmt has invested 3.88% in Johnson & Johnson (NYSE:JNJ). Cornerstone Ptnrs Ltd has 1.51 million shares for 4.6% of their portfolio. Glovista Invests Limited Liability Corporation owns 0.13% invested in Johnson & Johnson (NYSE:JNJ) for 4,610 shares. Addenda stated it has 55,400 shares or 0.53% of all its holdings. Carnegie Capital Asset Management Limited Com holds 112,769 shares. Community Group Ltd Liability Corp reported 1.15% in Johnson & Johnson (NYSE:JNJ). Obermeyer Wood Counsel Lllp invested 0.22% in Johnson & Johnson (NYSE:JNJ). Gradient Invs Lc stated it has 61,275 shares or 0.49% of all its holdings. Jfs Wealth Advisors Lc stated it has 24,504 shares. Burgundy Asset Management Limited owns 3.15 million shares for 4% of their portfolio. Beaumont Fin Prtn Limited Liability, a Massachusetts-based fund reported 151,267 shares. 16,116 were reported by Eads And Heald Invest Counsel.

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. Needham maintained Finisar Corporation (NASDAQ:FNSR) on Monday, September 19 with “Buy” rating. Goldman Sachs downgraded the stock to “Sell” rating in Monday, January 15 report. The stock has “Buy” rating by Jefferies on Wednesday, March 15. The stock of Finisar Corporation (NASDAQ:FNSR) has “Buy” rating given on Tuesday, September 6 by Stifel Nicolaus. The firm has “Sell” rating given on Wednesday, April 11 by Goldman Sachs. The rating was reinitiated by Jefferies on Wednesday, November 1 with “Buy”. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Buy” rating by Jefferies on Friday, September 8. The rating was maintained by Jefferies on Thursday, August 31 with “Buy”. The stock of Finisar Corporation (NASDAQ:FNSR) has “Strong Buy” rating given on Friday, December 9 by Needham. The stock of Finisar Corporation (NASDAQ:FNSR) has “Buy” rating given on Monday, December 4 by Needham.

Jefferies Group Llc, which manages about $21.33B US Long portfolio, upped its stake in Centurylink Inc (Put) (NYSE:CTL) by 377,200 shares to 397,200 shares, valued at $6.63M in 2017Q4, according to the filing. It also increased its holding in Travelers Companies Inc (Put) (NYSE:TRV) by 7,000 shares in the quarter, for a total of 21,200 shares, and has risen its stake in Western Digital Corp (Put) (NASDAQ:WDC).

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.28, from 1.26 in 2017Q3. It turned negative, 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. Westpac stated it has 0.04% in Finisar Corporation (NASDAQ:FNSR). Moreover, Savings Bank Of Montreal Can has 0% invested in Finisar Corporation (NASDAQ:FNSR) for 10,691 shares. Snow Management Lp stated it has 2.16 million shares or 1.96% of all its holdings. Jennison Limited Liability Corporation has invested 0% in Finisar Corporation (NASDAQ:FNSR). Walleye Trading Llc holds 0.02% or 154,422 shares in its portfolio. Virtu Limited Liability Company holds 22,559 shares. Blackrock, New York-based fund reported 7.72 million shares. Envestnet Asset Management Inc holds 0% or 5,159 shares in its portfolio. King Luther Capital Mngmt holds 0.01% or 30,375 shares in its portfolio. Shanda Asset Mngmt Limited reported 45,000 shares. Regions Fin Corp holds 0% or 3,130 shares in its portfolio. Premier Asset Mngmt Ltd Com has invested 0.85% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Moreover, Basso Capital Mgmt LP has 0.09% invested in Finisar Corporation (NASDAQ:FNSR). Employees Retirement System Of Texas owns 74,000 shares. Verity Asset stated it has 0.34% of its portfolio in Finisar Corporation (NASDAQ:FNSR).

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: