Bluefin Trading Decreased Its Platform Specialty Prods Cor (PAH) Position by $336,300; Summit Securities Group Has Trimmed Its Western Digital (Call) (WDC) Position by $229.61 Million; Valuation Rose

November 15, 2017 - By Richard Conner

Summit Securities Group Llc decreased its stake in Western Digital Corp (Call) (WDC) by 99.9% based on its latest 2017Q2 regulatory filing with the SEC. Summit Securities Group Llc sold 25,956 shares as the company’s stock rose 15.69% with the market. The institutional investor held 26 shares of the electronic components company at the end of 2017Q2, valued at $230,000, down from 25,982 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Western Digital Corp (Call) for a number of months, seems to be less bullish one the $27.03 billion market cap company. It closed at $91.58 lastly. It is down 125.85% since November 15, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Scott Burney decreased its stake in Platform Specialty Prods Cor (PAH) by 33.2% based on its latest 2017Q2 regulatory filing with the SEC. Bluefin Trading Llc sold 28,025 shares as the company’s stock rose 0.60% with the market. The hedge fund run by Scott Burney held 56,377 shares of the major chemicals company at the end of 2017Q2, valued at $715,000, down from 84,402 at the end of the previous reported quarter. Bluefin Trading Llc who had been investing in Platform Specialty Prods Cor for a number of months, seems to be less bullish one the $2.73B market cap company. It closed at $9.52 lastly. It is down 48.23% since November 15, 2016 and is uptrending. It has outperformed by 31.53% the S&P500.

Analysts await Western Digital Corp (NASDAQ:WDC) to report earnings on January, 24. They expect $3.36 earnings per share, up 69.70% or $1.38 from last year’s $1.98 per share. WDC’s profit will be $991.71 million for 6.81 P/E if the $3.36 EPS becomes a reality. After $3.28 actual earnings per share reported by Western Digital Corp for the previous quarter, Wall Street now forecasts 2.44% EPS growth.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 140 analyst reports since July 23, 2015 according to SRatingsIntel. Cowen & Co upgraded it to “Outperform” rating and $50 target in Tuesday, May 24 report. Deutsche Bank maintained it with “Buy” rating and $75 target in Wednesday, December 7 report. Cowen & Co maintained the stock with “Buy” rating in Friday, October 27 report. Needham maintained the shares of WDC in report on Thursday, October 27 with “Strong Buy” rating. The firm has “Buy” rating by Maxim Group given on Thursday, January 26. On Tuesday, June 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Buy” rating on Wednesday, May 31 by RBC Capital Markets. The stock of Western Digital Corp (NASDAQ:WDC) has “Buy” rating given on Thursday, January 26 by Stifel Nicolaus. RBC Capital Markets maintained it with “Buy” rating and $115.0 target in Tuesday, September 5 report. The firm earned “Buy” rating on Tuesday, September 29 by Sterne Agee CRT.

Summit Securities Group Llc, which manages about $560.21 million US Long portfolio, upped its stake in Spdr Dow Jones Indl Avrg Etf (Call) (DIA) by 342 shares to 793 shares, valued at $16.91 million in 2017Q2, according to the filing. It also increased its holding in At And T Inc (Call) by 372 shares in the quarter, for a total of 868 shares, and has risen its stake in Check Point Software Tech Lt (NASDAQ:CHKP).

Since May 18, 2017, it had 0 insider buys, and 2 insider sales for $1.01 million activity. CORDANO MICHAEL D also sold $962,385 worth of Western Digital Corp (NASDAQ:WDC) on Monday, June 12. BHATIA MANISH H sold $612,625 worth of stock or 7,208 shares.

More notable recent Western Digital Corp (NASDAQ:WDC) news were published by: Bloomberg.com which released: “Bain Says Western Digital Legal Protest Threatens Toshiba JV” on October 24, 2017, also Gurufocus.com with their article: “Jim Chanos Buys Vanguard Short-Term Bond, VanEck Vectors Gold Miners, Western …” published on November 14, 2017, Businesswire.com published: “Western Digital Announces Authorization to Resume Potential Share Repurchases” on November 09, 2017. More interesting news about Western Digital Corp (NASDAQ:WDC) were released by: Investorplace.com and their article: “Western Digital Corp Is Pulling the Right Strings” published on October 23, 2017 as well as Nasdaq.com‘s news article titled: “Western Digital Corp Q1 Income Rises 142%” with publication date: October 26, 2017.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.11, from 1.01 in 2017Q1. It increased, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Dupont Cap Corporation holds 0.03% or 17,223 shares in its portfolio. 65,936 were accumulated by Banque Pictet & Cie. Louisiana State Employees Retirement Sys, a Louisiana-based fund reported 18,100 shares. Thrivent For Lutherans owns 44,703 shares. Trust Of Vermont, Vermont-based fund reported 420 shares. Pioneer Invest has 0.09% invested in Western Digital Corp (NASDAQ:WDC) for 294,312 shares. California-based Alpha Cubed Investments Limited Com has invested 3.8% in Western Digital Corp (NASDAQ:WDC). Point72 Asset Mgmt Limited Partnership accumulated 17,700 shares. Pathstone Family Office Lc holds 0% or 4 shares. 31 were reported by First Manhattan Com. Barometer Capital Inc reported 0.44% stake. Iridian Asset Mngmt Lc Ct, Connecticut-based fund reported 5.64M shares. 1,525 are owned by Quantbot Tech L P. Geode Cap Mgmt Llc stated it has 3.16M shares. Nomura Asset has invested 0.05% in Western Digital Corp (NASDAQ:WDC).

More notable recent Platform Specialty Products Corp (NYSE:PAH) news were published by: Seekingalpha.com which released: “Platform Specialty Products’ (PAH) CEO Rakesh Sachdev on Q3 2017 Results …” on November 05, 2017, also Globenewswire.com with their article: “Platform Specialty Products Corporation Announces Pricing of Senior Notes Offering” published on November 09, 2017, Nasdaq.com published: “Platform Specialty Products Enters Oversold Territory (PAH)” on November 02, 2017. More interesting news about Platform Specialty Products Corp (NYSE:PAH) were released by: Nasdaq.com and their article: “Platform Specialty Products Corporation Announces Third Quarter of 2017 …” published on November 02, 2017 as well as Globenewswire.com‘s news article titled: “Platform Specialty Products Corporation Announces Launch of Senior Notes Offering” with publication date: November 08, 2017.

Analysts await Platform Specialty Products Corp (NYSE:PAH) to report earnings on February, 27. They expect $0.24 earnings per share, up 20.00% or $0.04 from last year’s $0.2 per share. PAH’s profit will be $68.82M for 9.92 P/E if the $0.24 EPS becomes a reality. After $0.17 actual earnings per share reported by Platform Specialty Products Corp for the previous quarter, Wall Street now forecasts 41.18% EPS growth.

Investors sentiment is 1.67 in Q2 2017. Its the same as in 2017Q1. It is flat, as 22 investors sold PAH shares while 45 reduced holdings. only 33 funds opened positions while 79 raised stakes. 240.34 million shares or 2.20% more from 235.17 million shares in 2017Q1 were reported. Arrowmark Colorado Ltd Liability Corp holds 0.03% in Platform Specialty Products Corp (NYSE:PAH) or 202,198 shares. 77,096 were reported by Bnp Paribas Arbitrage. Great West Life Assurance Can has 23,429 shares for 0% of their portfolio. Federated Invsts Pa holds 38 shares. Sei Invs Com reported 0% stake. Renaissance Technologies Limited Liability owns 783,172 shares for 0.01% of their portfolio. Moors And Cabot Inc owns 123,133 shares. Towerview Lc invested 0.19% in Platform Specialty Products Corp (NYSE:PAH). Moreover, Dimensional Fund Limited Partnership has 0.03% invested in Platform Specialty Products Corp (NYSE:PAH) for 5.51 million shares. Engineers Gate Manager LP has 0.2% invested in Platform Specialty Products Corp (NYSE:PAH) for 173,587 shares. Ameriprise holds 0.01% in Platform Specialty Products Corp (NYSE:PAH) or 1.75 million shares. Public Employees Retirement Association Of Colorado invested 0% in Platform Specialty Products Corp (NYSE:PAH). Zacks Inv Management invested in 42,953 shares or 0.01% of the stock. Amer Century Companies Incorporated, Missouri-based fund reported 175,936 shares. Credit Suisse Ag stated it has 66,765 shares.

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