Quaker Capital Investments Raised Its Reeds (REED) Holding by $583,140; Shares Rose; Lathrop Investment Management Trimmed Holding in Microsoft (MSFT) as Shares Rose

May 19, 2018 - By Louis Casey

Microsoft Corporation (NASDAQ:MSFT) Logo

Lathrop Investment Management Corp decreased its stake in Microsoft (MSFT) by 5.66% based on its latest 2017Q4 regulatory filing with the SEC. Lathrop Investment Management Corp sold 12,981 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 216,549 shares of the prepackaged software company at the end of 2017Q4, valued at $18.52 million, down from 229,530 at the end of the previous reported quarter. Lathrop Investment Management Corp who had been investing in Microsoft for a number of months, seems to be less bullish one the $740.35B market cap company. The stock increased 0.19% or $0.18 during the last trading session, reaching $96.36. About 13.92M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 19, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Quaker Capital Investments Llc increased its stake in Reeds Inc (REED) by 537.95% based on its latest 2017Q4 regulatory filing with the SEC. Quaker Capital Investments Llc bought 583,140 shares as the company’s stock rose 6.45% while stock markets declined. The institutional investor held 691,540 shares of the consumer non-durables company at the end of 2017Q4, valued at $1.07M, up from 108,400 at the end of the previous reported quarter. Quaker Capital Investments Llc who had been investing in Reeds Inc for a number of months, seems to be bullish on the $65.24 million market cap company. It closed at $2.65 lastly. It is down 57.69% since May 19, 2017 and is downtrending. It has underperformed by 69.24% the S&P500.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 185 analyst reports since July 22, 2015 according to SRatingsIntel. Argus Research maintained it with “Buy” rating and $107.0 target in Tuesday, February 6 report. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Piper Jaffray on Friday, October 27. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, February 1 report. The firm earned “Overweight” rating on Friday, August 28 by Global Equities Research. Bank of America maintained the stock with “Buy” rating in Thursday, February 1 report. Cowen & Co upgraded the shares of MSFT in report on Tuesday, May 24 to “Outperform” rating. The firm earned “Market Perform” rating on Friday, April 1 by Cowen & Co. The company was upgraded on Thursday, November 17 by Goldman Sachs. The rating was maintained by Canaccord Genuity on Wednesday, January 31 with “Buy”. The firm has “Buy” rating by Credit Suisse given on Wednesday, October 11.

Since February 16, 2018, it had 0 insider purchases, and 3 insider sales for $930,912 activity.

Investors sentiment decreased to 0.77 in 2017 Q4. Its down 0.06, from 0.83 in 2017Q3. It worsened, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Vnbtrust Natl Association accumulated 13,367 shares. Opus Invest Mgmt holds 5,000 shares. Matarin Cap Mgmt Llc holds 0.21% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 31,397 shares. Jennison Associate Lc reported 35.03 million shares stake. Mastrapasqua Asset Mgmt Inc invested in 3.58% or 207,394 shares. Monetary Inc holds 4.43% or 128,638 shares in its portfolio. Apriem Advisors holds 3,435 shares or 0.07% of its portfolio. Novare Mgmt Limited Liability accumulated 2.5% or 171,495 shares. Capital City Tru Fl reported 2.14% in Microsoft Corporation (NASDAQ:MSFT). Athena Cap Advisors Limited Com has invested 2.3% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Atlas Browninc holds 0.36% or 21,945 shares. Moreover, Toth Advisory has 2.64% invested in Microsoft Corporation (NASDAQ:MSFT). Moreover, Cue Financial Grp Incorporated Inc has 1.33% invested in Microsoft Corporation (NASDAQ:MSFT). Magnetar Financial Lc owns 3,818 shares. Grace & White New York holds 9,165 shares.

Lathrop Investment Management Corp, which manages about $440.08 million and $363.31M US Long portfolio, upped its stake in Cvs Health Corp (NYSE:CVS) by 6,831 shares to 150,786 shares, valued at $10.93 million in 2017Q4, according to the filing. It also increased its holding in Kirby (NYSE:KEX) by 26,615 shares in the quarter, for a total of 184,755 shares, and has risen its stake in Schlumberger (NYSE:SLB).

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Seekingalpha.com which released: “Microsoft Does It Again” on May 01, 2018, also Seekingalpha.com with their article: “Microsoft Building Trust Along With IoT And AI” published on May 10, 2018, 247Wallst.com published: “Will Microsoft’s Q1 Earnings Boost Its Valuation?” on April 26, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “3 Shiny New Crypto and Blockchain ETFs” published on May 15, 2018 as well as Benzinga.com‘s news article titled: “Microsoft Presents New Technology At Build Conference” with publication date: May 08, 2018.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 earnings per share, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30B for 22.31 P/E if the $1.08 EPS becomes a reality. After $0.95 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Quaker Capital Investments Llc, which manages about $311.91M US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 165,000 shares to 278,255 shares, valued at $20.71 million in 2017Q4, according to the filing.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Louis Casey

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: