Jane Street Group Cut Its Dillards (Put) (DDS) Stake by $17.74 Million; As Oclaro Unc. (OCLR) Share Price Rose, Shareholder S Squared Technology Cut Its Stake by $1.58 Million

June 13, 2018 - By Ellis Scott

Dillard's, Inc. (NYSE:DDS) Logo

S Squared Technology Llc decreased its stake in Oclaro Unc. (OCLR) by 53.85% based on its latest 2018Q1 regulatory filing with the SEC. S Squared Technology Llc sold 175,000 shares as the company’s stock rose 26.63% while stock markets declined. The hedge fund held 150,000 shares of the technology company at the end of 2018Q1, valued at $1.43 million, down from 325,000 at the end of the previous reported quarter. S Squared Technology Llc who had been investing in Oclaro Unc. for a number of months, seems to be less bullish one the $1.55B market cap company. It closed at $9.1 lastly. It is down 6.29% since June 13, 2017 and is uptrending. It has underperformed by 6.28% the S&P500. Some Historical OCLR News: 12/03/2018 – Oclaro Burns Short Sellers as Optical M&A May Just Be Heating Up; 08/05/2018 – Oclaro 3Q Adj EPS 11c; 12/03/2018 – ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Oclaro, Inc; 08/05/2018 – OCLARO 3Q ADJ EPS 11C, EST. 8.0C; 13/03/2018 – OCLARO INC OCLR.O : B. RILEY RAISES TARGET PRICE TO $10 FROM $8.50; 08/05/2018 – Oclaro 3Q EPS 6c; 08/05/2018 – Oclaro 3Q Rev $127.3M; 11/05/2018 – Alpine Associates Buys New 1.8% Position in Oclaro; 05/04/2018 – FTC: 20180992: Lumentum Holdings Inc.; Oclaro, Inc; 12/03/2018 – Lumentum Holdings: For Each Oclaro Share, Oclaro Stockholders Will Receive $5.60 in Cash, 0.0636 Lumentum Share

Jane Street Group Llc decreased its stake in Dillards Inc (Put) (DDS) by 95.15% based on its latest 2018Q1 regulatory filing with the SEC. Jane Street Group Llc sold 221,800 shares as the company’s stock rose 10.45% while stock markets declined. The institutional investor held 11,300 shares of the consumer services company at the end of 2018Q1, valued at $908,000, down from 233,100 at the end of the previous reported quarter. Jane Street Group Llc who had been investing in Dillards Inc (Put) for a number of months, seems to be less bullish one the $2.65B market cap company. The stock decreased 2.21% or $2.14 during the last trading session, reaching $94.86. About 117,321 shares traded. Dillard's, Inc. (NYSE:DDS) has risen 56.15% since June 13, 2017 and is uptrending. It has outperformed by 43.58% the S&P500. Some Historical DDS News: 16/04/2018 – Dillard’s Closes Below 50-Day Moving Average: Technicals; 19/04/2018 – DJ Dillard’s Inc Class A, Inst Holders, 1Q 2018 (DDS); 18/05/2018 – Dillard’s Closes Above 50-Day Moving Average: Technicals; 15/05/2018 – DEEP ECO: Dillard’s May Benefit, Industry Sales Up This Quarter; 12/04/2018 – Fitch Affirms Dillard’s, Inc. IDR at ‘BBB-‘; Outlook Stable; 06/04/2018 – Long $RH. Spiking short interest sent $RH from $96 down to $76 in March. The most recent short interest stands at 43% of float (but like Dillard’s the short vs. float will immediately spike sharply higher overnight as soon as RH announces next leg of share repurchase); 06/04/2018 – Long $RH. My three #MathTrades of 2017 were $DDS, $HTZ and $RH. All three involve Cap Structure Engineering which will send them much higher. After my reports, *ALL THREE* hit multi year highs (DESPITE DRACONIAN FUNDAMENTAL SHORT THESES ON ALL !!); 17/05/2018 – Dillard’s 1Q EPS $2.89; 17/05/2018 – Dillard’s 1Q Net $80.5M; 05/04/2018 – DOUBLEDRAGON PROPERTIES CORP DD.PS – 100 CITYMALLS ONCE COMPLETED ARE EXPECTED TO GENERATE AT LEAST 20 BLN PESOS DURING FIRST 10 YEARS OF OPERATIONS

Investors sentiment increased to 1.05 in Q1 2018. Its up 0.22, from 0.83 in 2017Q4. It improved, as 28 investors sold DDS shares while 60 reduced holdings. 52 funds opened positions while 40 raised stakes. 16.99 million shares or 4.02% less from 17.70 million shares in 2017Q4 were reported. Millennium Mgmt Limited Liability Company has 9,397 shares for 0% of their portfolio. Nuveen Asset Mgmt Limited Co reported 8,300 shares or 0% of all its holdings. Laurion Capital Management Ltd Partnership holds 0.01% in Dillard's, Inc. (NYSE:DDS) or 11,545 shares. Vident Invest Advisory Limited Liability Co reported 50,395 shares. Paradigm Mgmt Inc Ny reported 2,500 shares. Sg Americas Securities Limited Liability accumulated 0.01% or 9,618 shares. Moreover, Us Bancshares De has 0% invested in Dillard's, Inc. (NYSE:DDS) for 8,355 shares. 53 were reported by James Invest Research Incorporated. Nomura reported 0.03% of its portfolio in Dillard's, Inc. (NYSE:DDS). Blackrock Inc stated it has 0.01% of its portfolio in Dillard's, Inc. (NYSE:DDS). Employees Retirement Association Of Colorado invested in 2,617 shares. Schroder Mngmt Gp has invested 0.11% in Dillard's, Inc. (NYSE:DDS). Manufacturers Life The owns 42,778 shares or 0% of their US portfolio. Northwestern Mutual Wealth Mngmt reported 0% in Dillard's, Inc. (NYSE:DDS). Signaturefd Limited Liability Company owns 167 shares or 0% of their US portfolio.

Among 7 analysts covering Dillard’s (NYSE:DDS), 2 have Buy rating, 3 Sell and 2 Hold. Therefore 29% are positive. Dillard’s had 24 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, February 23. Deutsche Bank maintained the shares of DDS in report on Friday, May 13 with “Sell” rating. The company was maintained on Monday, March 5 by Susquehanna. The stock of Dillard's, Inc. (NYSE:DDS) earned “Sell” rating by Zacks on Tuesday, August 25. On Friday, September 18 the stock rating was upgraded by Credit Suisse to “Neutral”. Deutsche Bank maintained the shares of DDS in report on Tuesday, August 8 with “Sell” rating. On Friday, February 10 the stock rating was initiated by Susquehanna with “Neutral”. The firm earned “Sell” rating on Tuesday, September 1 by Zacks. On Wednesday, September 28 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm earned “Market Perform” rating on Friday, May 13 by Telsey Advisory Group.

Jane Street Group Llc, which manages about $38.66 billion US Long portfolio, upped its stake in Allstate Corp (NYSE:ALL) by 70,699 shares to 96,904 shares, valued at $9.19 million in 2018Q1, according to the filing. It also increased its holding in Price T Rowe Group Inc (NASDAQ:TROW) by 20,121 shares in the quarter, for a total of 22,521 shares, and has risen its stake in Vanguard World Fds (VOX).

Another recent and important Dillard's, Inc. (NYSE:DDS) news was published by Benzinga.com which published an article titled: “Energy Sector Growth Will Help Fuel Dillard’s, BofA Says In Double Upgrade” on May 21, 2018.

Since March 13, 2018, it had 0 buys, and 5 sales for $10.45 million activity. Shares for $933,100 were sold by McNiff Michael S..

Analysts await Dillard's, Inc. (NYSE:DDS) to report earnings on August, 9. They expect $-0.53 earnings per share, up 8.62% or $0.05 from last year’s $-0.58 per share. After $2.89 actual earnings per share reported by Dillard's, Inc. for the previous quarter, Wall Street now forecasts -118.34% negative EPS growth.

Analysts await Oclaro, Inc. (NASDAQ:OCLR) to report earnings on August, 1. They expect $0.06 EPS, down 68.42% or $0.13 from last year’s $0.19 per share. OCLR’s profit will be $10.24 million for 37.92 P/E if the $0.06 EPS becomes a reality. After $0.09 actual EPS reported by Oclaro, Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

S Squared Technology Llc, which manages about $136.14M and $116.80 million US Long portfolio, upped its stake in Histogenics Corp. by 300,000 shares to 1.15 million shares, valued at $3.16 million in 2018Q1, according to the filing. It also increased its holding in Emcore Corp. (NASDAQ:EMKR) by 71,902 shares in the quarter, for a total of 376,146 shares, and has risen its stake in Datawatch Corp (NASDAQ:DWCH).

Investors sentiment decreased to 0.73 in 2018 Q1. Its down 0.28, from 1.01 in 2017Q4. It dropped, as 65 investors sold OCLR shares while 55 reduced holdings. 38 funds opened positions while 49 raised stakes. 112.22 million shares or 1.86% more from 110.17 million shares in 2017Q4 were reported. Kopp Inv Advisors Lc owns 318,895 shares. California Employees Retirement Sys reported 0% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). Thompson Davis & reported 12,750 shares. State Common Retirement Fund has 0% invested in Oclaro, Inc. (NASDAQ:OCLR) for 177,100 shares. Schwab Charles Invest Mngmt Inc stated it has 807,656 shares. Paradigm Cap Incorporated New York owns 2.03M shares. Focused Wealth Management Inc, a New York-based fund reported 20 shares. Dimensional Fund Advisors Ltd Partnership holds 2.26M shares or 0.01% of its portfolio. Prelude Cap owns 3,149 shares for 0% of their portfolio. Blackrock Incorporated has invested 0.01% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). Piedmont Inv Advsrs Ltd Limited Liability Company holds 36,214 shares or 0.01% of its portfolio. Havens Lc holds 0.15% or 20,000 shares in its portfolio. State Of Alaska Department Of Revenue reported 54,688 shares. Peconic Prtnrs Lc stated it has 0.09% in Oclaro, Inc. (NASDAQ:OCLR). Texas Permanent School Fund accumulated 112,167 shares.

Oclaro, Inc. (NASDAQ:OCLR) Institutional Positions Chart

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