Brant Point Investment Management Has Lowered Microsemi (MSCC) Holding By $1.15 Million; Westpac Banking Has Decreased By $385.99 Million Its Washington Real Estate Invt (WRE) Stake

November 15, 2017 - By Vivian Currie

Brant Point Investment Management Llc decreased Microsemi Corp (MSCC) stake by 14.09% reported in 2017Q2 SEC filing. Brant Point Investment Management Llc sold 25,000 shares as Microsemi Corp (MSCC)’s stock declined 11.24%. The Brant Point Investment Management Llc holds 152,399 shares with $7.13 million value, down from 177,399 last quarter. Microsemi Corp now has $6.09B valuation. The stock declined 0.47% or $0.25 reaching $52.66 per share. About 144,859 shares traded. Microsemi Corporation (NASDAQ:MSCC) has risen 52.60% since November 15, 2016 and is uptrending. It has outperformed by 35.90% the S&P500.

Westpac Banking Corp decreased Washington Real Estate Invt (WRE) stake by 19.9% reported in 2017Q2 SEC filing. Westpac Banking Corp sold 12,100 shares as Washington Real Estate Invt (WRE)’s stock declined 1.43%. The Westpac Banking Corp holds 48,700 shares with $1.55B value, down from 60,800 last quarter. Washington Real Estate Invt now has $2.57B valuation. The stock declined 0.21% or $0.07 reaching $32.77 per share. About 27,342 shares traded. Washington Real Estate Investment Trust (NYSE:WRE) has risen 15.41% since November 15, 2016 and is uptrending. It has underperformed by 1.29% the S&P500.

Among 6 analysts covering Washington REIT (NYSE:WRE), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Washington REIT had 10 analyst reports since December 3, 2015 according to SRatingsIntel. The rating was upgraded by CapitalOne to “Overweight” on Thursday, December 3. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, July 14. The firm has “Hold” rating by SunTrust given on Friday, October 27. Robert W. Baird downgraded the stock to “Neutral” rating in Wednesday, August 17 report. The firm has “Outperform” rating given on Tuesday, May 16 by Robert W. Baird. Raymond James upgraded the shares of WRE in report on Monday, January 9 to “Outperform” rating. On Monday, May 16 the stock rating was maintained by JP Morgan with “Neutral”. Stifel Nicolaus maintained it with “Hold” rating and $33.0 target in Monday, September 18 report. On Friday, December 16 the stock rating was upgraded by JP Morgan to “Overweight”. The stock of Washington Real Estate Investment Trust (NYSE:WRE) has “Outperform” rating given on Tuesday, October 31 by Robert W. Baird.

Westpac Banking Corp increased Nordstrom Inc (NYSE:JWN) stake by 127,989 shares to 142,956 valued at $6.84B in 2017Q2. It also upped Dover Corp (NYSE:DOV) stake by 3,324 shares and now owns 9,138 shares. International Business Machs (NYSE:IBM) was raised too.

Analysts await Washington Real Estate Investment Trust (NYSE:WRE) to report earnings on February, 15. They expect $0.44 earnings per share, up 2.33% or $0.01 from last year’s $0.43 per share. WRE’s profit will be $34.51M for 18.62 P/E if the $0.44 EPS becomes a reality. After $0.46 actual earnings per share reported by Washington Real Estate Investment Trust for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

Investors sentiment increased to 1.45 in Q2 2017. Its up 0.29, from 1.16 in 2017Q1. It is positive, as 14 investors sold WRE shares while 50 reduced holdings. 23 funds opened positions while 70 raised stakes. 64.79 million shares or 2.56% more from 63.18 million shares in 2017Q1 were reported. Moreover, Sg Americas Securities Limited Liability has 0% invested in Washington Real Estate Investment Trust (NYSE:WRE) for 9,095 shares. Citadel Ltd Liability Corp stated it has 0% in Washington Real Estate Investment Trust (NYSE:WRE). Nuveen Asset Management Ltd Limited Liability Company stated it has 1.93 million shares or 0.39% of all its holdings. Meeder Asset Inc reported 379 shares stake. Ftb Advsr Inc owns 444 shares or 0% of their US portfolio. Independent Order Of Foresters has invested 0% of its portfolio in Washington Real Estate Investment Trust (NYSE:WRE). 65,974 were accumulated by Outfitter Ltd. Symons Mgmt holds 0.13% or 16,900 shares in its portfolio. Gsa Cap Partners Llp invested 0.02% of its portfolio in Washington Real Estate Investment Trust (NYSE:WRE). Rhumbline Advisers holds 107,042 shares or 0.01% of its portfolio. Dimensional Fund Advsr Lp reported 1.07 million shares. Woodstock has invested 0.06% in Washington Real Estate Investment Trust (NYSE:WRE). 44,593 are owned by Citigroup. 7,948 are owned by Raymond James. Geode Capital Mngmt Llc stated it has 713,209 shares or 0.01% of all its holdings.

Among 18 analysts covering Microsemi (NASDAQ:MSCC), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Microsemi had 46 analyst reports since August 3, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Microsemi Corporation (NASDAQ:MSCC) rating on Wednesday, August 30. KeyBanc Capital Markets has “Buy” rating and $62.0 target. The company was maintained on Friday, June 16 by Raymond James. The stock of Microsemi Corporation (NASDAQ:MSCC) has “Outperform” rating given on Friday, November 6 by RBC Capital Markets. The stock has “Hold” rating by Zacks on Monday, September 21. Mizuho maintained Microsemi Corporation (NASDAQ:MSCC) rating on Monday, August 22. Mizuho has “Buy” rating and $46 target. The rating was initiated by Susquehanna on Tuesday, September 20 with “Positive”. Wells Fargo upgraded Microsemi Corporation (NASDAQ:MSCC) on Friday, January 29 to “Outperform” rating. On Friday, November 10 the stock rating was maintained by RBC Capital Markets with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, September 1 report. The firm has “Buy” rating by Suntrust Robinson given on Thursday, January 14.

Since May 16, 2017, it had 0 insider buys, and 4 insider sales for $992,825 activity. Another trade for 8,800 shares valued at $440,964 was made by PETERSON JAMES J on Tuesday, May 16. The insider Pickle Paul H sold $35,207. $434,711 worth of stock was sold by Goren David on Friday, June 2. Another trade for 2,000 shares valued at $101,121 was sold by ANDERSON THOMAS ROBERT.

Analysts await Microsemi Corporation (NASDAQ:MSCC) to report earnings on January, 25. They expect $0.86 earnings per share, up 38.71% or $0.24 from last year’s $0.62 per share. MSCC’s profit will be $99.46 million for 15.31 P/E if the $0.86 EPS becomes a reality. After $1.02 actual earnings per share reported by Microsemi Corporation for the previous quarter, Wall Street now forecasts -15.69% negative EPS growth.

Brant Point Investment Management Llc increased Waste Connections Inc stake by 49,700 shares to 149,100 valued at $9.61M in 2017Q2. It also upped On Assignment Inc (NYSE:ASGN) stake by 28,700 shares and now owns 159,180 shares. Keycorp New (NYSE:KEY) was raised too.

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