Glg Partners LP Raised Its Goldman Sachs Group (GS) Position; Nine Chapters Capital Management Has Raised Its Mitel Networks (MITL) Position by $309,600; Valuation Declined

February 24, 2018 - By Jonathan Benavides

Chao Ku increased its stake in Mitel Networks Corp (MITL) by 251.3% based on its latest 2017Q3 regulatory filing with the SEC. Nine Chapters Capital Management Llc bought 38,700 shares as the company’s stock declined 5.88% while stock markets rallied. The hedge fund run by Chao Ku held 54,100 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $454,000, up from 15,400 at the end of the previous reported quarter. Nine Chapters Capital Management Llc who had been investing in Mitel Networks Corp for a number of months, seems to be bullish on the $1.03 billion market cap company. The stock increased 2.51% or $0.21 during the last trading session, reaching $8.58. About 1.27M shares traded or 20.14% up from the average. Mitel Networks Corporation (NASDAQ:MITL) has risen 10.16% since February 24, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Noam Gottesman increased its stake in Goldman Sachs Group Inc (GS) by 49.8% based on its latest 2017Q3 regulatory filing with the SEC. Glg Partners Lp bought 4,233 shares as the company’s stock declined 13.97% while stock markets rallied. The hedge fund run by Noam Gottesman held 12,733 shares of the finance company at the end of 2017Q3, valued at $3.02M, up from 8,500 at the end of the previous reported quarter. Glg Partners Lp who had been investing in Goldman Sachs Group Inc for a number of months, seems to be bullish on the $100.63 billion market cap company. The stock increased 2.04% or $5.34 during the last trading session, reaching $266.77. About 2.51M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since February 24, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Among 4 analysts covering Mitel Networks (NASDAQ:MITL), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Mitel Networks had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Mitel Networks Corporation (NASDAQ:MITL) has “Sector Perform” rating given on Tuesday, December 20 by RBC Capital Markets. The rating was upgraded by Zacks to “Sell” on Tuesday, August 18. Canaccord Genuity maintained the shares of MITL in report on Friday, August 7 with “Buy” rating. The stock of Mitel Networks Corporation (NASDAQ:MITL) has “Sell” rating given on Tuesday, August 25 by Zacks. RBC Capital Markets maintained Mitel Networks Corporation (NASDAQ:MITL) rating on Monday, September 25. RBC Capital Markets has “Hold” rating and $8.5 target. National Bank Canada upgraded the shares of MITL in report on Thursday, July 27 to “Buy” rating. The company was maintained on Tuesday, November 3 by RBC Capital Markets. The stock of Mitel Networks Corporation (NASDAQ:MITL) has “Hold” rating given on Tuesday, July 25 by RBC Capital Markets. The stock of Mitel Networks Corporation (NASDAQ:MITL) has “Hold” rating given on Friday, February 16 by RBC Capital Markets. RBC Capital Markets maintained the shares of MITL in report on Friday, August 7 with “Outperform” rating.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.33, from 1.08 in 2017Q2. It fall, as 63 investors sold GS shares while 427 reduced holdings. 82 funds opened positions while 285 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. Ingalls Snyder stated it has 90,313 shares or 1.12% of all its holdings. Qvt Financial Limited Partnership accumulated 63,429 shares. Retirement Of Alabama accumulated 0.22% or 174,556 shares. Horizon Kinetics Ltd holds 0.02% or 2,327 shares. Victory Cap Mngmt accumulated 60,901 shares. Charter holds 2,774 shares. Optimum Invest Advisors owns 8,313 shares. Intrust Comml Bank Na owns 0.11% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 1,481 shares. Lenox Wealth Mngmt stated it has 0.02% in The Goldman Sachs Group, Inc. (NYSE:GS). Richard Bernstein Advisors Lc holds 0.49% or 30,082 shares in its portfolio. 1,419 are owned by Investment Centers Of America Inc. Old Second Bank Of Aurora holds 151 shares or 0.01% of its portfolio. Cambridge holds 0.03% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS) for 8,296 shares. Webster Fincl Bank N A holds 0% or 86 shares. Glg LP owns 12,733 shares for 0.16% of their portfolio.

Since October 18, 2017, it had 0 buys, and 8 sales for $28.24 million activity. Another trade for 17,500 shares valued at $4.40M was sold by VINIAR DAVID A. Shares for $1.19 million were sold by GNODDE RICHARD J on Wednesday, October 18. 11,829 shares were sold by CHAVEZ R. MARTIN, worth $3.18M on Wednesday, January 31. 21,252 shares were sold by SOLOMON DAVID M, worth $5.77M. The insider SALAME PABLO J sold 10,000 shares worth $2.70 million.

Glg Partners Lp, which manages about $27.28B and $1.89B US Long portfolio, decreased its stake in Fomento Economico Mexicano S (NYSE:FMX) by 6,500 shares to 24,500 shares, valued at $2.34 million in 2017Q3, according to the filing. It also reduced its holding in Disney Walt Co (NYSE:DIS) by 32,752 shares in the quarter, leaving it with 10,000 shares, and cut its stake in Dsw Inc (NYSE:DSW).

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, January 17 by BMO Capital Markets. The firm has “Sell” rating given on Monday, November 6 by Vertical Group. Oppenheimer upgraded The Goldman Sachs Group, Inc. (NYSE:GS) on Monday, September 21 to “Outperform” rating. Oppenheimer maintained it with “Outperform” rating and $259.0 target in Tuesday, January 5 report. Vetr upgraded it to “Buy” rating and $212.64 target in Monday, August 24 report. The firm has “Buy” rating given on Wednesday, September 9 by Bank of America. On Thursday, January 25 the stock rating was maintained by Wells Fargo with “Outperform”. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The rating was upgraded by JP Morgan on Tuesday, February 16 to “Overweight”. As per Wednesday, July 13, the company rating was initiated by Berenberg.

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