Cortina Asset Management Trimmed Its J2 Global (JCOM) Stake; Western Asset Municipal High Income Fund Has 1.62 Sentiment

February 4, 2018 - By Winifred Garcia

The stock decreased 0.55% or $0.04 during the last trading session, reaching $7.23. About 27,213 shares traded. Western Asset Municipal High Income Fund Inc. (MHF) has declined 8.72% since February 4, 2017 and is downtrending. It has underperformed by 25.42% the S&P500.

Cortina Asset Management Llc decreased J2 Global Inc (JCOM) stake by 10.68% reported in 2017Q3 SEC filing. Cortina Asset Management Llc sold 44,008 shares as J2 Global Inc (JCOM)’s stock declined 0.98%. The Cortina Asset Management Llc holds 368,002 shares with $27.19 million value, down from 412,010 last quarter. J2 Global Inc now has $3.75 billion valuation. The stock decreased 2.36% or $1.87 during the last trading session, reaching $77.51. About 283,261 shares traded. j2 Global, Inc. (NASDAQ:JCOM) has risen 30.53% since February 4, 2017 and is uptrending. It has outperformed by 13.83% the S&P500.

Analysts await j2 Global, Inc. (NASDAQ:JCOM) to report earnings on February, 8. They expect $1.69 EPS, up 14.97% or $0.22 from last year’s $1.47 per share. JCOM’s profit will be $81.81 million for 11.47 P/E if the $1.69 EPS becomes a reality. After $1.27 actual EPS reported by j2 Global, Inc. for the previous quarter, Wall Street now forecasts 33.07% EPS growth.

Since January 16, 2018, it had 0 insider purchases, and 1 sale for $232,900 activity. Shah Vivek sold $232,900 worth of j2 Global, Inc. (NASDAQ:JCOM) on Tuesday, January 16.

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.16, from 1.08 in 2017Q2. It increased, as 29 investors sold JCOM shares while 74 reduced holdings. 35 funds opened positions while 93 raised stakes. 46.29 million shares or 0.55% less from 46.55 million shares in 2017Q2 were reported. Eqis stated it has 4,039 shares or 0.02% of all its holdings. Bnp Paribas Arbitrage Sa holds 21,865 shares. Cornerstone Cap Mgmt Llc holds 7,962 shares. Numeric Invsts Ltd Liability Company invested in 3,900 shares. 2,170 were reported by First Mercantile Tru. Ameritas Invest Partners Inc, a Nebraska-based fund reported 18,502 shares. Blackrock has 4.86M shares for 0.02% of their portfolio. Prudential Fincl reported 35,619 shares. Rice Hall James And Limited Liability Corp reported 0.92% in j2 Global, Inc. (NASDAQ:JCOM). Cardinal Capital Mgmt Ltd Liability Corp Ct, Connecticut-based fund reported 686,416 shares. Price T Rowe Assoc Inc Md stated it has 324,538 shares or 0% of all its holdings. Glenmede Communications Na accumulated 0.17% or 535,518 shares. State Street stated it has 1.63M shares or 0.01% of all its holdings. Vanguard Grp holds 0.01% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM) for 3.93M shares. Hutchin Hill Cap Lp stated it has 0.02% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM).

Among 6 analysts covering j2 Global (NASDAQ:JCOM), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. j2 Global had 12 analyst reports since August 5, 2015 according to SRatingsIntel. Robert W. Baird initiated j2 Global, Inc. (NASDAQ:JCOM) rating on Wednesday, August 31. Robert W. Baird has “Outperform” rating and $83 target. On Friday, December 18 the stock rating was initiated by JMP Securities with “Mkt Outperform”. The firm earned “Buy” rating on Friday, April 1 by Citigroup. The rating was maintained by Citigroup on Wednesday, August 17 with “Buy”. The firm earned “Mkt Perform” rating on Wednesday, November 4 by FBR Capital. The stock of j2 Global, Inc. (NASDAQ:JCOM) earned “Neutral” rating by Citigroup on Monday, August 7. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, August 5. The rating was downgraded by Citigroup on Wednesday, January 25 to “Neutral”. On Monday, August 10 the stock rating was initiated by Susquehanna with “Positive”.

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