Pictet North America Advisors Sa Has Trimmed Micron Technology (MU) Stake By $708,890; Summit Hotel Properties (INN)’s Sentiment Is 1.25

May 24, 2018 - By Vivian Currie

Summit Hotel Properties, Inc. (NYSE:INN) Logo

Pictet North America Advisors Sa decreased Micron Technology Inc (MU) stake by 49.58% reported in 2017Q4 SEC filing. Pictet North America Advisors Sa sold 17,290 shares as Micron Technology Inc (MU)’s stock rose 18.77%. The Pictet North America Advisors Sa holds 17,580 shares with $723,000 value, down from 34,870 last quarter. Micron Technology Inc now has $71.77B valuation. The stock increased 3.19% or $1.91 during the last trading session, reaching $61.88. About 54.64M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 24, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

Summit Hotel Properties Inc (INN) investors sentiment increased to 1.25 in Q4 2017. It’s up 0.27, from 0.98 in 2017Q3. The ratio increased, as 111 institutional investors started new and increased holdings, while 89 sold and decreased their holdings in Summit Hotel Properties Inc. The institutional investors in our database now have: 101.33 million shares, up from 99.13 million shares in 2017Q3. Also, the number of institutional investors holding Summit Hotel Properties Inc in top ten holdings was flat from 0 to 0 for the same number . Sold All: 24 Reduced: 65 Increased: 82 New Position: 29.

Pictet North America Advisors Sa increased Wisdomtree Tr (DXJ) stake by 56,798 shares to 612,287 valued at $36.33M in 2017Q4. It also upped Powershares Qqq Trust (QQQ) stake by 150,000 shares and now owns 168,895 shares. Spdr Gold Trust (GLD) was raised too.

Among 43 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 1 Sell and 7 Hold. Therefore 81% are positive. Micron Technology Inc. had 248 analyst reports since July 29, 2015 according to SRatingsIntel. Standpoint Research downgraded the stock to “Hold” rating in Monday, August 29 report. On Friday, September 22 the stock rating was maintained by J.P. Morgan with “Buy”. KeyBanc Capital Markets maintained Micron Technology, Inc. (NASDAQ:MU) on Wednesday, December 20 with “Hold” rating. The stock has “Hold” rating by Standpoint Research on Tuesday, November 28. The firm earned “Buy” rating on Wednesday, September 27 by Robert W. Baird. The stock has “Outperform” rating by Credit Suisse on Tuesday, May 22. As per Wednesday, December 23, the company rating was maintained by Cowen & Co. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Outperform” rating by Robert W. Baird on Tuesday, May 31. As per Monday, December 4, the company rating was maintained by Morgan Stanley. Nomura downgraded the stock to “Reduce” rating in Monday, March 7 report.

Since January 2, 2018, it had 0 insider purchases, and 13 sales for $7.65 million activity. 3,000 shares were sold by BAILEY ROBERT L, worth $128,197. On Thursday, February 15 ARNZEN APRIL S sold $53,487 worth of Micron Technology, Inc. (NASDAQ:MU) or 1,222 shares. Another trade for 13,695 shares valued at $768,439 was made by Deboer Scott J on Monday, March 26. The insider Mondry Lawrence N sold $2.17M. Byrne Patrick J also sold $665,058 worth of Micron Technology, Inc. (NASDAQ:MU) shares. JOHNSON MERCEDES sold $1.26M worth of Micron Technology, Inc. (NASDAQ:MU) on Monday, April 2. Thorsen Steven L. JR also sold $1.36 million worth of Micron Technology, Inc. (NASDAQ:MU) on Tuesday, May 8.

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.13, from 1.37 in 2017Q3. It fall, as 49 investors sold MU shares while 245 reduced holdings. 126 funds opened positions while 239 raised stakes. 883.15 million shares or 0.40% less from 886.67 million shares in 2017Q3 were reported. Morgan Stanley reported 0.07% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Cornerstone Cap Mgmt Ltd Company has invested 0.31% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Trustmark State Bank Trust Department invested 0.08% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). 27,311 were accumulated by Ibm Retirement Fund. Parametric Portfolio Associates, a Washington-based fund reported 3.68M shares. Monetary Management Grp Incorporated holds 0.03% or 1,750 shares in its portfolio. National Ins Tx reported 0.21% stake. Franklin Resource Inc holds 0% or 102,708 shares in its portfolio. Williams Jones & Limited Liability Corp accumulated 0.34% or 361,750 shares. 375,715 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Cambridge Advsr has 0.04% invested in Micron Technology, Inc. (NASDAQ:MU). Brown Advisory invested 0.01% in Micron Technology, Inc. (NASDAQ:MU). Ardsley Advisory Prns owns 18,000 shares for 0.09% of their portfolio. Nordea has 0.04% invested in Micron Technology, Inc. (NASDAQ:MU). 4.76 million are owned by Arrowstreet Lp.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron: The Big Guys Just Love It” on May 24, 2018, also Seekingalpha.com with their article: “Is Micron A Solid Pick At $55?” published on May 22, 2018, Nasdaq.com published: “Bull Case for Micron Technology, Inc. Stock Strengthens” on May 23, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Benzinga.com and their article: “What Wall Street Thinks Of Micron’s Investor Day” published on May 22, 2018 as well as Finance.Yahoo.com‘s news article titled: “Micron Technology Inc. Stock’s Got Your Super-Cycle Right Here” with publication date: May 23, 2018.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on July, 5. They expect $2.81 EPS, up 100.71% or $1.41 from last year’s $1.4 per share. MU’s profit will be $3.26B for 5.51 P/E if the $2.81 EPS becomes a reality. After $2.80 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 0.36% EPS growth.

Heitman Real Estate Securities Llc holds 1.87% of its portfolio in Summit Hotel Properties, Inc. for 2.16 million shares. Banced Corp owns 36,020 shares or 0.91% of their US portfolio. Moreover, Grace & White Inc Ny has 0.74% invested in the company for 242,049 shares. The Illinois-based Nuveen Asset Management Llc has invested 0.56% in the stock. Monarch Partners Asset Management Llc, a Massachusetts-based fund reported 355,097 shares.

The stock increased 0.40% or $0.06 during the last trading session, reaching $15.14. About 136,027 shares traded. Summit Hotel Properties, Inc. (INN) has declined 15.85% since May 24, 2017 and is downtrending. It has underperformed by 27.40% the S&P500.

Summit Hotel Properties, Inc., a hotel investment company, engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage divisions of the United StatesÂ’ lodging industry. The company has market cap of $1.59 billion. As of August 3, 2012, the firm operated 74 hotels with a total of 7,586 guestrooms located in 20 states. It has a 19.16 P/E ratio.

Analysts await Summit Hotel Properties, Inc. (NYSE:INN) to report earnings on August, 1. They expect $0.38 earnings per share, up 5.56% or $0.02 from last year’s $0.36 per share. INN’s profit will be $39.91M for 9.96 P/E if the $0.38 EPS becomes a reality. After $0.31 actual earnings per share reported by Summit Hotel Properties, Inc. for the previous quarter, Wall Street now forecasts 22.58% EPS growth.

Summit Hotel Properties, Inc. (NYSE:INN) Institutional Positions Chart

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