Argyll Research Decreased Position in Tallgrass Energy Partners LP (TEP) by $979,151; Micron Technology (MU) Share Price Rose While Marathon Trading Investment Management Lifted Holding by $720,213

February 15, 2018 - By Maria Brooks

Bruce J. Richards increased its stake in Micron Technology Inc (MU) by 143.43% based on its latest 2017Q3 regulatory filing with the SEC. Marathon Trading Investment Management Llc bought 18,467 shares as the company’s stock rose 19.14% with the market. The hedge fund run by Bruce J. Richards held 31,342 shares of the technology company at the end of 2017Q3, valued at $1.23M, up from 12,875 at the end of the previous reported quarter. Marathon Trading Investment Management Llc who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $50.24 billion market cap company. The stock increased 1.92% or $0.82 during the last trading session, reaching $43.45. About 36.77 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 15, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Argyll Research Llc decreased its stake in Tallgrass Energy Partners Lp (TEP) by 11.11% based on its latest 2017Q3 regulatory filing with the SEC. Argyll Research Llc sold 20,833 shares as the company’s stock declined 5.30% while stock markets rallied. The institutional investor held 166,668 shares of the public utilities company at the end of 2017Q3, valued at $7.98M, down from 187,501 at the end of the previous reported quarter. Argyll Research Llc who had been investing in Tallgrass Energy Partners Lp for a number of months, seems to be less bullish one the $2.98B market cap company. The stock increased 5.89% or $2.24 during the last trading session, reaching $40.3. About 1.13 million shares traded or 186.91% up from the average. Tallgrass Energy Partners, LP (NYSE:TEP) has risen 2.55% since February 15, 2017 and is uptrending. It has underperformed by 14.15% the S&P500.

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.29, from 1.08 in 2017Q2. It is positive, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. Susquehanna Interest Group Llp invested in 0.22% or 12.12 million shares. Baldwin Brothers Ma accumulated 235 shares or 0% of the stock. Stonebridge Capital Advisors Limited Liability Com has invested 0.68% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Norinchukin Financial Bank The owns 0.06% invested in Micron Technology, Inc. (NASDAQ:MU) for 82,921 shares. 118,327 were reported by Peregrine Asset Advisers. Mitsubishi Ufj Secs Holdg Limited reported 7,740 shares stake. Point72 Asia (Hong Kong) Ltd has invested 1.48% in Micron Technology, Inc. (NASDAQ:MU). Reilly Advisors Ltd Liability holds 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 832 shares. Tegean Cap Mngmt Ltd Com owns 250,000 shares. 95,845 are owned by Daiwa Securities Group Inc. Prelude Cap Management Ltd Liability holds 2.15% or 606,617 shares. Petrus Tru Co Lta holds 6,280 shares or 0.06% of its portfolio. Moody Natl Bank Tru Division has 8,765 shares. Pnc Financial Group Incorporated reported 0.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Catalyst Cap Advsrs Ltd has invested 0.09% in Micron Technology, Inc. (NASDAQ:MU).

Marathon Trading Investment Management Llc, which manages about $886.83 million and $878.70 million US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 14,566 shares to 57,416 shares, valued at $9.81M in 2017Q3, according to the filing. It also reduced its holding in Bank Amer Corp (NYSE:BAC) by 40,013 shares in the quarter, leaving it with 102,687 shares, and cut its stake in Alphabet Inc (Put).

Since August 16, 2017, it had 0 insider purchases, and 13 sales for $12.60 million activity. $10,507 worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by ARNZEN APRIL S. Shares for $3.09 million were sold by Poppen Joel L. BAILEY ROBERT L had sold 3,000 shares worth $128,197. Shares for $765,485 were sold by Mondry Lawrence N on Wednesday, August 16. 118,944 shares valued at $4.53 million were sold by Thorsen Steven L. JR on Friday, September 29.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 214 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Monday, June 26 by Cowen & Co. As per Thursday, August 17, the company rating was maintained by Mizuho. The rating was maintained by Wells Fargo on Monday, June 26 with “Buy”. Stifel Nicolaus maintained Micron Technology, Inc. (NASDAQ:MU) rating on Tuesday, February 6. Stifel Nicolaus has “Buy” rating and $85 target. Brean Capital maintained it with “Buy” rating and $23 target in Wednesday, October 5 report. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Underperform” rating by Bank of America on Wednesday, October 21. Needham maintained Micron Technology, Inc. (NASDAQ:MU) rating on Friday, June 30. Needham has “Buy” rating and $5000 target. On Friday, October 9 the stock rating was maintained by Mizuho with “Neutral”. The company was maintained on Thursday, June 29 by Credit Suisse. The stock has “Outperform” rating by Cowen & Co on Thursday, December 1.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.14, from 1.07 in 2017Q2. It improved, as 10 investors sold TEP shares while 42 reduced holdings. 20 funds opened positions while 43 raised stakes. 43.51 million shares or 0.36% less from 43.67 million shares in 2017Q2 were reported. Ameriprise stated it has 0% in Tallgrass Energy Partners, LP (NYSE:TEP). Indexiq Advsrs Llc invested in 1,298 shares or 0% of the stock. Royal Bankshares Of Canada has 0% invested in Tallgrass Energy Partners, LP (NYSE:TEP). Guardian Capital Ltd Partnership stated it has 10,000 shares or 0.01% of all its holdings. Us Retail Bank De accumulated 0% or 7,473 shares. Alps Advisors invested in 3.82M shares. State Street reported 0% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Green Square Cap Lc has invested 0.04% in Tallgrass Energy Partners, LP (NYSE:TEP). First Manhattan stated it has 0% in Tallgrass Energy Partners, LP (NYSE:TEP). Cypress Cap Mngmt Llc (Wy) holds 0.04% or 800 shares in its portfolio. Botty Invsts Ltd accumulated 6,929 shares. Benjamin F Edwards & holds 215 shares. Natl Bank Of Mellon Corporation reported 7,643 shares or 0% of all its holdings. Envestnet Asset invested in 1,073 shares or 0% of the stock. 871,105 are owned by Jpmorgan Chase And.

Analysts await Tallgrass Energy Partners, LP (NYSE:TEP) to report earnings on February, 21. They expect $0.68 earnings per share, up 13.33% or $0.08 from last year’s $0.6 per share. TEP’s profit will be $50.35 million for 14.82 P/E if the $0.68 EPS becomes a reality. After $1.83 actual earnings per share reported by Tallgrass Energy Partners, LP for the previous quarter, Wall Street now forecasts -62.84% negative EPS growth.

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By1 Maria Brooks

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