As Infinera (INFN) Shares Declined, Suffolk Capital Management Has Lifted Position by $446,144; As William Lyon Homes (WLH) Share Value Rose, Shareholder Second Curve Capital Cut Holding

February 15, 2018 - By Henry Gaston

Tom Brown decreased its stake in William Lyon Homes (WLH) by 14.41% based on its latest 2017Q3 regulatory filing with the SEC. Second Curve Capital Llc sold 112,000 shares as the company’s stock rose 30.37% with the market. The hedge fund run by Tom Brown held 665,500 shares of the homebuilding company at the end of 2017Q3, valued at $15.30 million, down from 777,500 at the end of the previous reported quarter. Second Curve Capital Llc who had been investing in William Lyon Homes for a number of months, seems to be less bullish one the $953.76 million market cap company. The stock increased 3.54% or $0.86 during the last trading session, reaching $25.13. About 343,467 shares traded. William Lyon Homes (NYSE:WLH) has risen 65.59% since February 15, 2017 and is uptrending. It has outperformed by 48.89% the S&P500.

Suffolk Capital Management Llc increased its stake in Infinera Corp (INFN) by 66.04% based on its latest 2017Q3 regulatory filing with the SEC. Suffolk Capital Management Llc bought 55,768 shares as the company’s stock declined 19.10% while stock markets rallied. The institutional investor held 140,217 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.24M, up from 84,449 at the end of the previous reported quarter. Suffolk Capital Management Llc who had been investing in Infinera Corp for a number of months, seems to be bullish on the $1.42 billion market cap company. The stock decreased 0.42% or $0.04 during the last trading session, reaching $9.52. About 42,870 shares traded. Infinera Corporation (NASDAQ:INFN) has declined 24.42% since February 15, 2017 and is downtrending. It has underperformed by 41.12% the S&P500.

Investors sentiment decreased to 1.2 in Q3 2017. Its down 0.41, from 1.61 in 2017Q2. It turned negative, as 25 investors sold INFN shares while 39 reduced holdings. 20 funds opened positions while 57 raised stakes. 132.17 million shares or 4.64% more from 126.30 million shares in 2017Q2 were reported. Principal Group Inc holds 0% or 15,036 shares in its portfolio. Qci Asset Ny holds 0% of its portfolio in Infinera Corporation (NASDAQ:INFN) for 15 shares. Congress Asset Management Co Ma holds 171,370 shares or 0.02% of its portfolio. Tributary Mgmt Limited Liability holds 0.06% of its portfolio in Infinera Corporation (NASDAQ:INFN) for 72,500 shares. First Mercantile Trust reported 28,286 shares. Stifel Fincl, Missouri-based fund reported 17,646 shares. Bancorporation Of New York Mellon holds 0.02% or 8.95M shares. Point72 Asia (Hong Kong) Limited has 0% invested in Infinera Corporation (NASDAQ:INFN) for 35 shares. Bnp Paribas Arbitrage Sa accumulated 17,455 shares or 0% of the stock. Moreover, King Luther Mgmt has 0.03% invested in Infinera Corporation (NASDAQ:INFN) for 366,325 shares. Us National Bank & Trust De holds 0% in Infinera Corporation (NASDAQ:INFN) or 10,429 shares. Evercore Wealth Mgmt Ltd Liability Com has 1,700 shares. Credit Suisse Ag reported 190,321 shares stake. Tiaa Cref Investment Management Lc accumulated 734,745 shares. Ameritas Inv Partners has 0% invested in Infinera Corporation (NASDAQ:INFN).

Among 20 analysts covering Infinera Corp. (NASDAQ:INFN), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Infinera Corp. had 69 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Infinera Corporation (NASDAQ:INFN) earned “Buy” rating by M Partners on Friday, February 12. The stock of Infinera Corporation (NASDAQ:INFN) earned “Buy” rating by Needham on Thursday, November 9. On Friday, August 18 the stock rating was maintained by M Partners with “Buy”. M Partners maintained the shares of INFN in report on Friday, August 28 with “Buy” rating. As per Friday, December 4, the company rating was initiated by Raymond James. The firm earned “Buy” rating on Friday, July 15 by B. Riley & Co. The rating was maintained by Northland Capital with “Hold” on Thursday, November 9. The firm has “Buy” rating by William Blair given on Friday, September 15. The rating was initiated by Craig Hallum with “Buy” on Tuesday, July 18. Craig Hallum maintained it with “Buy” rating and $10.0 target in Thursday, November 9 report.

Suffolk Capital Management Llc, which manages about $1.92 billion and $757.82M US Long portfolio, decreased its stake in Integrated Devices (NASDAQ:IDTI) by 23,623 shares to 46,166 shares, valued at $1.23M in 2017Q3, according to the filing. It also reduced its holding in Aegion Corp. (NASDAQ:AEGN) by 32,542 shares in the quarter, leaving it with 32,091 shares, and cut its stake in Prestige Brands Holdings Inc. (NYSE:PBH).

Analysts await William Lyon Homes (NYSE:WLH) to report earnings on February, 28. They expect $0.85 earnings per share, up 41.67% or $0.25 from last year’s $0.6 per share. WLH’s profit will be $32.26M for 7.39 P/E if the $0.85 EPS becomes a reality. After $0.71 actual earnings per share reported by William Lyon Homes for the previous quarter, Wall Street now forecasts 19.72% EPS growth.

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