As Ciena (CIEN) Valuation Declined, Managed Asset Portfolios Has Boosted Its Position by $2.67 Million; As Nike Cl B (NKE) Share Price Declined, Ar Asset Management Upped Holding

January 14, 2018 - By Dolores Ford

Ar Asset Management Inc increased its stake in Nike Inc. Cl B (NKE) by 21.84% based on its latest 2017Q3 regulatory filing with the SEC. Ar Asset Management Inc bought 14,850 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 82,850 shares of the consumer non-durables company at the end of 2017Q3, valued at $4.30 million, up from 68,000 at the end of the previous reported quarter. Ar Asset Management Inc who had been investing in Nike Inc. Cl B for a number of months, seems to be bullish on the $105.51B market cap company. The stock increased 0.59% or $0.38 during the last trading session, reaching $64.67. About 5.14 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since January 14, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Managed Asset Portfolios Llc increased its stake in Ciena Corp (CIEN) by 121.82% based on its latest 2017Q3 regulatory filing with the SEC. Managed Asset Portfolios Llc bought 127,266 shares as the company’s stock declined 10.35% while stock markets rallied. The institutional investor held 231,736 shares of the telecommunications equipment company at the end of 2017Q3, valued at $5.09M, up from 104,470 at the end of the previous reported quarter. Managed Asset Portfolios Llc who had been investing in Ciena Corp for a number of months, seems to be bullish on the $3.15 billion market cap company. The stock increased 0.27% or $0.06 during the last trading session, reaching $21.94. About 1.87 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since January 14, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena had 79 analyst reports since August 18, 2015 according to SRatingsIntel. RBC Capital Markets maintained Ciena Corporation (NYSE:CIEN) rating on Friday, December 11. RBC Capital Markets has “Outperform” rating and $25.0 target. The firm earned “Hold” rating on Friday, June 3 by Deutsche Bank. As per Friday, October 9, the company rating was initiated by Morgan Stanley. The stock has “Buy” rating by Drexel Hamilton on Thursday, June 1. The company was maintained on Friday, September 1 by Deutsche Bank. As per Tuesday, August 18, the company rating was initiated by Northland Capital. The stock has “Buy” rating by Northland Capital on Monday, August 7. The rating was maintained by Cowen & Co on Thursday, August 17 with “Buy”. As per Wednesday, August 26, the company rating was upgraded by Raymond James. Goldman Sachs downgraded Ciena Corporation (NYSE:CIEN) on Thursday, March 16 to “Neutral” rating.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.26, from 1.26 in 2017Q2. It dropped, as 46 investors sold CIEN shares while 79 reduced holdings. 31 funds opened positions while 94 raised stakes. 148.04 million shares or 3.07% more from 143.63 million shares in 2017Q2 were reported. Credit Agricole S A owns 12,725 shares. Southport Management Ltd Liability Company, a Wyoming-based fund reported 42,100 shares. Becker Mngmt holds 0.93% in Ciena Corporation (NYSE:CIEN) or 1.24 million shares. Moreover, Profund Advsrs Lc has 0.02% invested in Ciena Corporation (NYSE:CIEN). Jane Street Gru Ltd Liability Com, New York-based fund reported 92,857 shares. 226,033 are held by John G Ullman Assoc. Arizona State Retirement Sys owns 80,332 shares for 0.02% of their portfolio. Petrus Tru Company Lta holds 20,631 shares or 0.11% of its portfolio. State Of New Jersey Common Pension Fund D reported 0.09% of its portfolio in Ciena Corporation (NYSE:CIEN). Baker Avenue Asset Lp has 0.03% invested in Ciena Corporation (NYSE:CIEN). Raymond James & Assoc stated it has 16,583 shares or 0% of all its holdings. White Pine Ltd Limited Liability Company accumulated 0% or 40,360 shares. Suffolk Cap Mgmt Limited Liability Corporation owns 0.11% invested in Ciena Corporation (NYSE:CIEN) for 36,419 shares. Legal General Pcl owns 128,079 shares or 0% of their US portfolio. Ahl Prtn Limited Liability Partnership holds 0.03% or 75,572 shares in its portfolio.

Since August 10, 2017, it had 0 insider purchases, and 43 insider sales for $2.94 million activity. Phipps Jason also sold $53,469 worth of Ciena Corporation (NYSE:CIEN) on Friday, September 22. Shares for $43,080 were sold by MOYLAN JAMES E JR. 590 shares valued at $12,538 were sold by PETRIK ANDREW C on Thursday, September 21. ALEXANDER STEPHEN B also sold $54,000 worth of Ciena Corporation (NYSE:CIEN) on Friday, September 15. Another trade for 990 shares valued at $21,038 was sold by McFeely Scott. Shares for $45,135 were sold by FRODSHAM JAMES.

Since September 14, 2017, it had 0 buys, and 6 sales for $23.60 million activity. $4.75 million worth of stock was sold by Slusher John F on Friday, January 5. 16,000 shares were sold by RODGERS JOHNATHAN A, worth $855,206 on Thursday, September 14. Shares for $8.78 million were sold by PARKER MARK G on Friday, December 15.

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 FREE 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:


>