As Micron Technology (MU) Stock Rose, Shareholder American National Insurance Company Has Increased Its Stake; Ci Investments Has Boosted Its Position in Rsp Permian (RSPP) by $7.24 Million as Stock Price Declined

May 26, 2018 - By Vivian Currie

RSP Permian, Inc. (NYSE:RSPP) Logo

Ci Investments Inc increased its stake in Rsp Permian Inc (RSPP) by 27.21% based on its latest 2017Q4 regulatory filing with the SEC. Ci Investments Inc bought 181,000 shares as the company’s stock declined 3.11% with the market. The institutional investor held 846,100 shares of the energy company at the end of 2017Q4, valued at $34.42M, up from 665,100 at the end of the previous reported quarter. Ci Investments Inc who had been investing in Rsp Permian Inc for a number of months, seems to be bullish on the $7.04 billion market cap company. The stock decreased 2.24% or $1.01 during the last trading session, reaching $44.16. About 1.75 million shares traded. RSP Permian, Inc. (NYSE:RSPP) has 0.00% since May 26, 2017 and is . It has underperformed by 11.55% the S&P500.

American National Insurance Company increased its stake in Micron Technology Inc. (MU) by 958.85% based on its latest 2017Q4 regulatory filing with the SEC. American National Insurance Company bought 92,050 shares as the company’s stock rose 18.77% while stock markets declined. The institutional investor held 101,650 shares of the technology company at the end of 2017Q4, valued at $4.18M, up from 9,600 at the end of the previous reported quarter. American National Insurance Company who had been investing in Micron Technology Inc. for a number of months, seems to be bullish on the $71.15 billion market cap company. The stock decreased 0.23% or $0.14 during the last trading session, reaching $61.35. About 52.83M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 26, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

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. The rating was maintained by Mizuho on Thursday, December 22 with “Buy”. Cowen & Co maintained the shares of MU in report on Wednesday, February 21 with “Buy” rating. Morgan Stanley maintained it with “Buy” rating and $55.0 target in Monday, November 27 report. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Bank of America on Thursday, February 9. M Partners maintained Micron Technology, Inc. (NASDAQ:MU) rating on Friday, August 14. M Partners has “Neutral” rating and $22.0 target. As per Tuesday, June 6, the company rating was maintained by Stifel Nicolaus. JP Morgan maintained Micron Technology, Inc. (NASDAQ:MU) rating on Thursday, March 31. JP Morgan has “Overweight” rating and $15 target. The rating was maintained by Cowen & Co on Wednesday, December 23 with “Outperform”. Loop Capital initiated the shares of MU in report on Tuesday, December 13 with “Hold” rating. The company was maintained on Wednesday, December 20 by Citigroup.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.13, from 1.37 in 2017Q3. It dropped, 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. Dsam Prns (London) holds 0.8% or 115,183 shares in its portfolio. Boston reported 19,933 shares or 0% of all its holdings. The Illinois-based Drw Securities Ltd has invested 0.07% in Micron Technology, Inc. (NASDAQ:MU). Jpmorgan Chase invested in 5.38M shares. Public Employees Retirement Systems Of Ohio owns 761,700 shares or 0.15% of their US portfolio. Teewinot Cap Advisers Limited Company invested 0.85% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). 7,264 were accumulated by Balasa Dinverno Foltz Limited Liability Corp. Raymond James accumulated 401,325 shares or 0.1% of the stock. Tudor Investment Et Al holds 0.22% or 212,936 shares in its portfolio. D E Shaw & reported 0.11% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Wolverine Asset Mgmt Limited Liability has invested 0.04% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Hilton Capital Mgmt Limited Liability stated it has 0.04% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Marco Inv Management Limited Com holds 0.36% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 56,675 shares. Martingale Asset Ltd Partnership holds 0.08% or 143,692 shares. Parnassus Ca holds 3.90M shares or 0.63% of its portfolio.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Is Micron A Solid Pick At $55?” on May 22, 2018, also Seekingalpha.com with their article: “Micron still trading higher on analyst day, $10B share repurchase” published on May 24, 2018, Fool.com published: “Better Buy: Micron Technology Inc. (MU) vs. Intel (INTC)” on May 19, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Nasdaq.com and their article: “Micron and Intel Extend their Leadership in 3D NAND Flash memory” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Micron: The Big Guys Just Love It” with publication date: May 24, 2018.

Since January 2, 2018, it had 0 insider purchases, and 13 insider sales for $7.65 million activity. Byrne Patrick J sold $665,058 worth of stock or 14,360 shares. Another trade for 1,222 shares valued at $53,487 was made by ARNZEN APRIL S on Thursday, February 15. Deboer Scott J sold $768,439 worth of stock. The insider JOHNSON MERCEDES sold $1.26M. The insider Thorsen Steven L. JR sold 28,089 shares worth $1.36 million. Mondry Lawrence N also sold $2.17 million worth of Micron Technology, Inc. (NASDAQ:MU) shares.

Since December 11, 2017, it had 0 insider buys, and 6 sales for $11.31 million activity. Shares for $3.06M were sold by Wallace Family Partnership – LP. Collins Ted Jr had sold 42,000 shares worth $1.74M.

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.11, from 1.28 in 2017Q3. It turned negative, as 28 investors sold RSPP shares while 78 reduced holdings. 48 funds opened positions while 76 raised stakes. 134.36 million shares or 0.75% more from 133.37 million shares in 2017Q3 were reported. State Board Of Administration Of Florida Retirement Sys holds 0.02% or 183,516 shares in its portfolio. Amer Group invested in 0% or 2,930 shares. Slate Path Cap Limited Partnership has invested 2.64% in RSP Permian, Inc. (NYSE:RSPP). 71,000 are owned by Key Group Hldg (Cayman). American Century Companies Inc has invested 0.01% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). Ngam Advisors Lp has 60,692 shares for 0.03% of their portfolio. Citigroup Inc has invested 0% in RSP Permian, Inc. (NYSE:RSPP). Envestnet Asset Mgmt Inc holds 26,013 shares. Highland Mngmt Limited Partnership holds 0.27% or 143,000 shares. Millennium Mngmt Ltd Liability, New York-based fund reported 4.53M shares. 3.76 million were accumulated by Westwood Hldg Grp Inc. State Of Wisconsin Board, a Wisconsin-based fund reported 277,763 shares. Schroder Investment Gp, a Maine-based fund reported 466,431 shares. Pnc Svcs Group has invested 0% in RSP Permian, Inc. (NYSE:RSPP). National Bank & Trust Of Mellon Corporation reported 729,740 shares.

Ci Investments Inc, which manages about $10.46B US Long portfolio, decreased its stake in Wells Fargo & Co New by 2.09 million shares to 7.56 million shares, valued at $208.66 million in 2017Q4, according to the filing. It also reduced its holding in Forest City Rlty Tr Inc by 3.40 million shares in the quarter, leaving it with 5.04M shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

RSP Permian, Inc. (NYSE:RSPP) Institutional Positions Chart

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