Pandora Media (Call) (P) Share Value Declined While Tourbillon Capital Partners LP Has Trimmed Its Stake; Hood River Capital Management Has Upped Infinera (INFN) Stake by $1.95 Million

February 18, 2018 - By Maria Brooks

Hood River Capital Management Llc increased its stake in Infinera Corp (INFN) by 23.4% based on its latest 2017Q3 regulatory filing with the SEC. Hood River Capital Management Llc bought 243,200 shares as the company’s stock declined 19.10% while stock markets rallied. The institutional investor held 1.28M shares of the telecommunications equipment company at the end of 2017Q3, valued at $11.37M, up from 1.04 million at the end of the previous reported quarter. Hood River Capital Management Llc who had been investing in Infinera Corp for a number of months, seems to be bullish on the $1.47 billion market cap company. The stock increased 2.29% or $0.22 during the last trading session, reaching $9.82. About 2.11 million shares traded or 23.50% up from the average. Infinera Corporation (NASDAQ:INFN) has declined 24.42% since February 18, 2017 and is downtrending. It has underperformed by 41.12% the S&P500.

Jason Karp decreased its stake in Pandora Media Inc (Call) (P) by 58.82% based on its latest 2017Q3 regulatory filing with the SEC. Tourbillon Capital Partners Lp sold 1.00 million shares as the company’s stock declined 31.96% while stock markets rallied. The hedge fund run by Jason Karp held 700,000 shares of the consumer services company at the end of 2017Q3, valued at $5.39M, down from 1.70M at the end of the previous reported quarter. Tourbillon Capital Partners Lp who had been investing in Pandora Media Inc (Call) for a number of months, seems to be less bullish one the $1.28B market cap company. The stock increased 2.18% or $0.11 during the last trading session, reaching $5.16. About 14.58 million shares traded or 56.03% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since February 18, 2017 and is downtrending. It has underperformed by 29.20% the S&P500.

Among 20 analysts covering Infinera Corp. (NASDAQ:INFN), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Infinera Corp. had 69 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by M Partners to “Neutral” on Thursday, April 28. Nomura upgraded the stock to “Buy” rating in Friday, February 10 report. The firm has “Neutral” rating by Citigroup given on Wednesday, January 24. As per Monday, August 7, the company rating was maintained by Deutsche Bank. Needham maintained it with “Buy” rating and $24 target in Friday, February 12 report. The firm earned “Buy” rating on Tuesday, August 1 by William Blair. The stock of Infinera Corporation (NASDAQ:INFN) has “Hold” rating given on Thursday, November 9 by Northland Capital. The company was upgraded on Thursday, February 8 by Northland Capital. On Friday, November 10 the stock rating was maintained by Citigroup with “Neutral”. As per Tuesday, July 18, the company rating was initiated by Craig Hallum.

Investors sentiment decreased to 1.2 in 2017 Q3. Its down 0.41, from 1.61 in 2017Q2. It fall, as 25 investors sold INFN shares while 39 reduced holdings. 20 funds opened positions while 57 raised stakes. 132.17 million shares or 4.64% more from 126.30 million shares in 2017Q2 were reported. Markston Intll reported 0% stake. State Street Corporation has 0% invested in Infinera Corporation (NASDAQ:INFN) for 2.93 million shares. The New York-based Laurion Capital Mngmt Limited Partnership has invested 0% in Infinera Corporation (NASDAQ:INFN). Cubist Systematic Strategies Llc stated it has 0.03% of its portfolio in Infinera Corporation (NASDAQ:INFN). Canada Pension Plan Invest Board accumulated 252,599 shares or 0% of the stock. Tiaa Cref Mgmt Lc reported 0% of its portfolio in Infinera Corporation (NASDAQ:INFN). Vanguard Gp invested 0% of its portfolio in Infinera Corporation (NASDAQ:INFN). 117,700 were accumulated by Teton Incorporated. Geode Capital Management Ltd Co holds 1.28 million shares. Teacher Retirement Systems Of Texas reported 0% stake. Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma has 0% invested in Infinera Corporation (NASDAQ:INFN) for 2,275 shares. Ubs Asset Management Americas holds 0% of its portfolio in Infinera Corporation (NASDAQ:INFN) for 96,842 shares. New York-based Jennison Associate Ltd Com has invested 0.03% in Infinera Corporation (NASDAQ:INFN). Aperio Grp Incorporated Limited Co stated it has 0% in Infinera Corporation (NASDAQ:INFN). Raymond James & reported 0% of its portfolio in Infinera Corporation (NASDAQ:INFN).

Hood River Capital Management Llc, which manages about $698.72 million and $1.57 billion US Long portfolio, decreased its stake in Webster Financial Corp (NYSE:WBS) by 22,978 shares to 375,237 shares, valued at $19.72 million in 2017Q3, according to the filing. It also reduced its holding in Amn Healthcare Services Inc (NYSE:AHS) by 48,819 shares in the quarter, leaving it with 386,861 shares, and cut its stake in Hexcel Corp (NYSE:HXL).

Since August 16, 2017, it had 0 buys, and 1 insider sale for $250,075 activity. $86,935 worth of stock was sold by Phillips Christopher W on Wednesday, August 16. GERBITZ DAVID also sold $250,075 worth of Pandora Media, Inc. (NYSE:P) shares. $88,830 worth of Pandora Media, Inc. (NYSE:P) shares were sold by Trimble John. BENE STEPHEN G also sold $55,065 worth of Pandora Media, Inc. (NYSE:P) shares.

Tourbillon Capital Partners Lp, which manages about $1.12B and $4.13B US Long portfolio, upped its stake in Amc Networks Inc (NASDAQ:AMCX) by 45,260 shares to 817,016 shares, valued at $47.77M in 2017Q3, according to the filing. It also increased its holding in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 1.18M shares in the quarter, for a total of 1.58M shares, and has risen its stake in Sarepta Therapeutics Inc (Call) (NASDAQ:SRPT).

Among 38 analysts covering Pandora Media (NYSE:P), 11 have Buy rating, 2 Sell and 25 Hold. Therefore 29% are positive. Pandora Media had 141 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Pandora Media, Inc. (NYSE:P) has “Buy” rating given on Monday, September 12 by SunTrust. The stock has “Neutral” rating by BTIG Research on Tuesday, January 19. The stock of Pandora Media, Inc. (NYSE:P) has “Buy” rating given on Friday, September 22 by Stifel Nicolaus. The stock of Pandora Media, Inc. (NYSE:P) earned “Hold” rating by BMO Capital Markets on Monday, September 11. As per Friday, October 23, the company rating was maintained by B. Riley & Co. The stock of Pandora Media, Inc. (NYSE:P) earned “Outperform” rating by Oppenheimer on Tuesday, December 6. As per Monday, June 26, the company rating was maintained by FBR Capital. Scotia Capital upgraded the shares of P in report on Tuesday, June 14 to “Sector Perform” rating. The firm has “Buy” rating given on Tuesday, September 5 by Canaccord Genuity. The firm has “Buy” rating given on Monday, May 23 by B. Riley & Co.

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