Marsico Capital Management Upped By $45.17 Million Its Burlington Stores (BURL) Position; LI3 ENERGY (LIEG) Shorts Raised By 118.33%

November 15, 2017 - By Winifred Garcia

Marsico Capital Management Llc increased Burlington Stores Inc (BURL) stake by 673.19% reported in 2017Q2 SEC filing. Marsico Capital Management Llc acquired 496,396 shares as Burlington Stores Inc (BURL)’s stock rose 10.27%. The Marsico Capital Management Llc holds 570,134 shares with $52.45M value, up from 73,738 last quarter. Burlington Stores Inc now has $6.71B valuation. The stock decreased 0.93% or $0.91 during the last trading session, reaching $97.35. About shares traded. Burlington Stores Inc (NYSE:BURL) has risen 77.68% since November 15, 2016 and is uptrending. It has outperformed by 60.98% the S&P500.

LI3 ENERGY INCORPORATED (OTCMKTS:LIEG) had an increase of 118.33% in short interest. LIEG’s SI was 26,200 shares in November as released by FINRA. Its up 118.33% from 12,000 shares previously. With 477,500 avg volume, 0 days are for LI3 ENERGY INCORPORATED (OTCMKTS:LIEG)’s short sellers to cover LIEG’s short positions. It closed at $0.025 lastly. It is down 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Li3 Energy Inc is a Chile-based exploration firm in the lithium and potassium mining sector. The company has market cap of $13.90 million. The Firm is focused on acquiring and developing a portfolio of lithium and potassium brine projects in the Americas. It currently has negative earnings. It is also focused on further exploring, developing and commercializing its approximately 49% interest in the Maricunga Project, located in the northeast section of the Salar de Maricunga in Region III of Atacama in northern Chile, as well as increasing its portfolio of projects.

Since May 30, 2017, it had 0 buys, and 5 sales for $6.67 million activity. $1.98 million worth of Burlington Stores Inc (NYSE:BURL) was sold by Kingsbury Thomas on Thursday, June 1. The insider MAGRINI JOYCE MANNING sold $329,228. Katz Marc had sold 10,000 shares worth $967,996 on Tuesday, May 30. The insider Hand Fred sold $1.26 million. The insider Crimmins John sold 22,000 shares worth $2.14M.

Marsico Capital Management Llc decreased Visa Inc (NYSE:V) stake by 20,085 shares to 1.42M valued at $133.47 million in 2017Q2. It also reduced Celgene Corp (NASDAQ:CELG) stake by 112,859 shares and now owns 771,143 shares. Constellation Brands Inc (NYSE:STZ) was reduced too.

Investors sentiment decreased to 0.83 in Q2 2017. Its down 0.12, from 0.95 in 2017Q1. It worsened, as 41 investors sold BURL shares while 114 reduced holdings. 49 funds opened positions while 80 raised stakes. 70.21 million shares or 1.32% less from 71.15 million shares in 2017Q1 were reported. Millennium Management Lc invested in 0.07% or 413,418 shares. Denver Advsr Ltd Liability reported 6,930 shares or 0.03% of all its holdings. Northern Tru holds 0.01% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 343,177 shares. Wyoming-based Cypress Capital Mgmt Ltd Llc (Wy) has invested 0% in Burlington Stores Inc (NYSE:BURL). Asset Inc reported 0.01% of its portfolio in Burlington Stores Inc (NYSE:BURL). Northwestern Mutual Wealth invested in 0% or 289 shares. Nordea Mgmt holds 19,869 shares. Franklin Resource, a California-based fund reported 236,462 shares. Frontier Capital Limited stated it has 0.01% of its portfolio in Burlington Stores Inc (NYSE:BURL). Prudential Fin Incorporated stated it has 799,810 shares. Bokf Na accumulated 0.04% or 12,218 shares. Bluecrest Cap Mngmt Limited holds 32,361 shares. Bessemer Grp Inc invested 0% of its portfolio in Burlington Stores Inc (NYSE:BURL). Renaissance Technology Limited holds 0.05% or 423,600 shares in its portfolio. Clarivest Asset Mngmt Ltd Liability has 2,723 shares for 0.01% of their portfolio.

Among 17 analysts covering Burlington Stores (NYSE:BURL), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Burlington Stores has $11500 highest and $58 lowest target. $101.64’s average target is 4.41% above currents $97.35 stock price. Burlington Stores had 41 analyst reports since October 7, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, August 8 report. The rating was maintained by Buckingham Research with “Buy” on Friday, August 26. The firm earned “Neutral” rating on Friday, August 26 by Citigroup. The firm has “Buy” rating by Goldman Sachs given on Thursday, January 21. M Partners maintained the stock with “Buy” rating in Wednesday, November 23 report. The stock has “Buy” rating by BMO Capital Markets on Wednesday, April 19. The company was initiated on Friday, April 28 by Wolfe Research. The rating was upgraded by Telsey Advisory Group on Friday, March 3 to “Outperform”. The firm earned “Buy” rating on Monday, August 14 by Cowen & Co. The stock of Burlington Stores Inc (NYSE:BURL) has “Outperform” rating given on Friday, May 27 by RBC Capital Markets.

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By1 Winifred Garcia

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