Why Roku, Shoe Carnival, and Quality Systems Jumped Today

The stock market finished the week on a quiet note, with most major benchmarks closing slightly lower on the day. Investors went into the weekend trying to navigate a series of geopolitical and macroeconomic issues, but many market participants focused on the big plunge in the oil market, where crude prices dropped $3 per barrel to fall below the $68-per-barrel mark. Even with trading activity slow preceding the holiday weekend, good news sent shares of some companies higher. Roku (NASDAQ:ROKU), Shoe Carnival (NASDAQ:SCVL), and Quality Systems (NASDAQ:QSII) were among the best performers on the day. Here's why they did so well.

Roku gets a reversal of fortune

Shares of Roku climbed 7% after positive comments from a former skeptic of the company prompted speculation that it could become a takeover target. Short-selling specialist Citron Research did an about-face on Roku, stating that it had reversed the short position it had taken on the over-the-top streaming specialist and now believes that the company trades at an attractive discount to peers in the industry. The move comes after Roku has made an important strategic shift, de-emphasizing its hardware business in favor of promoting its platform of content. With an attractive valuation, Citron now believes that Roku could gain attention from streaming giant Netflix, and that has shareholders excited about Roku's prospects going forward.

Image source: Roku.

The shoe fits at Shoe Carnival

Shoe Carnival stock soared nearly 21% in the wake of the release of the company's first-quarter financial report. The footwear retailer built on past positive momentum, saying revenue rose almost 2% on a 1.3% rise in comparable-store sales, and earnings jumped more than 70% compared to the previous year's first quarter. CEO Cliff Sifford attributed the gains to "the continuation of a strong athletic and ath-leisure trend as well as solid sales results from our spring footwear categories," which overcame poor weather early in the period to pick up as warmer temperatures prevailed. Shoe Carnival increased its earnings guidance for the full fiscal year, and it believes that it can take full advantage of favorable industry trends well into the future.

Quality Systems finishes fiscal 2018 strong

Finally, shares of Quality Systems closed 13% higher. The provider of healthcare-related software and information technology services had mixed results in its fiscal fourth-quarter financial report, with revenue inching higher by about 3%, but adjusted net income falling by roughly 20% from year-ago levels. Yet CEO Rusty Frantz was optimistic about the company, as the prospects for its NextGen Healthcare product suites appear to be extremely strong. Initial fiscal 2019 guidance on sales and earnings was also encouraging, and investors have high hopes that the company's exposure to the booming healthcare IT sector will pay off with long-term profits.

A Closer Look At Our $60 Price Estimate For Micron Technology

&l;a href=&q;http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=mu&a;amp;tab=searchtabquotesdark&q; target=&q;_blank&q;&g;Micron&l;/a&g; (NYSE: MU) has seen impressive growth in recent years. The company&a;rsquo;s revenue grew 64% and its stock price doubled in 2017. The company expects the favorable demand-supply environment to persist in the year ahead, supported by continued strong growth in both DRAM and NAND demand, reflecting broader trends in the data center and mobile markets as well as increased adoption of SSDs across enterprise, cloud, and client PCs.

Currently, we have a price estimate for &l;a href=&q;http://www.trefis.com/company?hm=MU.trefis&a;amp;from=search#&q; target=&q;_blank&q;&g;Micron Technology of $60&l;/a&g;, which is ahead of the market price. We have also created an &l;a href=&q;http://dashboards.trefis.com/no-login-required/8LJsz38S?fromforbesandarticle=a-closer-look-at-our-60-price-estimate-for-micron-technology&q; target=&q;_blank&q;&g;&l;strong&g;interactive dashboard &l;/strong&g;&l;/a&g;which shows our forecasts and estimates for the company; you can modify the key value drivers to see how they impact the company&a;rsquo;s revenues, bottom line, and valuation.

We have arrived at our price estimate for Micron Technology based on EPS projections of $10.91 for 2018, and a P/E multiple of 5.5.

&l;strong&g;Steps To Arrive At Our Price Estimate&l;/strong&g;

&a;nbsp;

&l;a href=&q;http://dashboards.trefis.com/no-login-required/8LJsz38S?fromforbesandarticle=a-closer-look-at-our-60-price-estimate-for-micron-technology&q; target=&q;_blank&q;&g;&l;img class=&q; wp-image-184293 size-full&q; src=&q;http://blogs-images.forbes.com/greatspeculations/files/2018/05/mu23.jpg?width=960&q; alt=&q;&q; data-height=&q;199&q; data-width=&q;955&q;&g;&l;/a&g;

Micron generates revenue from three primary sources &a;ndash; DRAM, Trade NAND, and Other Products. Emerging technologies such as cloud computing, big data, and artificial intelligence are driving strong growth in the industry, while innovation and solid execution has enabled Micron to grow faster than the market. Micron&a;rsquo;s DRAM revenue represents 67% of the total revenue, with 80% year-on-year growth. This was due to an increase in bit shipments, slightly offset by a decline in ASPs (Average Selling Price). For fiscal 2018, we expect another 53% growth in DRAM revenue due to the timing of the DRAM technology transition.

&a;nbsp;

Micron&a;rsquo;s Trade NAND revenue increased 51% y-o-y, driven by an increase in bit shipments, slightly offset by a decline in ASPs. Based on the timing of the technology transition, Micron expects its bit growth in NAND to be relatively muted in the first half of fiscal 2018, but expects stronger growth in the second half of the year

Additionally, we expect a 15% growth in revenue from other products.

&l;!--nextpage--&g; A revenue estimate of about $29.5 billion results in net income of $13.6 billion, assuming a net margin of 46%. Given the average share count of 1.25 billion, this gives us Earnings per share of $10.91. We estimate a P/E multiple of around 5.5 for the company which, when multiplied by the expected EPS, gives us $60 as a fair price estimate.

&a;nbsp;

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For &l;strong&g;&l;a href=&q;https://www.trefis.com/info/trefis-technology&q; target=&q;_blank&q; rel=&q;noopener noreferrer&q; target=&q;_blank&q;&g;CFOs and Finance Teams&l;/a&g;&l;/strong&g; | &l;strong&g;&l;a href=&q;https://www.trefis.com/&q; target=&q;_blank&q; rel=&q;noopener noreferrer&q; target=&q;_blank&q;&g;Product, R&a;amp;D, and Marketing Teams&l;/a&g;&l;/strong&g;

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Like our charts? Explore &l;a href=&q;https://dashboards.trefis.com/signupDashboard&q; target=&q;_blank&q; rel=&q;noopener noreferrer&q; target=&q;_blank&q;&g;example interactive dashboards&l;/a&g; and create your own.

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Hot Stocks To Invest In Right Now

tags:AXTI,UTMD,HIO,FOXF,FRME,

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Hot Stocks To Invest In Right Now: AXT Inc(AXTI)

Advisors' Opinion:

• [By Lisa Levin] Gainers Comstock Holding Companies, Inc. (NASDAQ: CHCI) shares surged 115.8 percent to $4.3591. Comstock reported conversion of the majority of its unsecured, short-term debt into non-convertible preferred equity. Stellar Biotechnologies, Inc. (NASDAQ: SBOT) jumped 38.2 percent to $3.0251 after the company disclosed that it achieved robust viral clearance for its manufacturing process. Universal Corporation (NYSE: UVV) surged 26.7 percent to $61.40 after reporting fiscal Q4 results. Hudson Technologies Inc. (NASDAQ: HDSN) rose 18.9 percent to $2.58. Evolus, Inc. (NASDAQ: EOLS) shares gained 17.8 percent to $22.8009. The Cato Corporation (NYSE: CATO) shares gained 17.5 percent to $21.07 after the company posted better-than-expected first-quarter results. Tyme Technologies, Inc. (NASDAQ: TYME) rose 15.9 percent to $3.3613. Destination Maternity Corporation (NASDAQ: DEST) shares gained 15.5 percent to $3.35 after the board announced late Wednesday the election of four activist-backed director nominees. Three women and one man comprise the selected group championed by NGM Capital’s Nathan Miller and Kenosis Capital’s Peter O’Malley. Destination Maternity had advocated for another slate of three men and interim CEO Melissa Payner-Gregor. The new directors are Holly Alden, Marla Ryan, Anne-Charlotte Windal and Christopher Morgan. AXT, Inc. (NASDAQ: AXTI) rose 15 percent to $7.65. nLIGHT, Inc. (NASDAQ: LASR) gained 14.5 percent to $34.27 following Q1 results. Achieve Life Sciences, Inc. (NASDAQ: ACHV) rose 14.3 percent to $11.4303. Bilibili Inc.. (NASDAQ: BILI) shares climbed 13.9 percent to $14.16 after announcing Q1 results. Babcock & Wilcox Enterprises, Inc. (NYSE: BW) gained 13.2 percent to $2.91 after an amended 13D filing from Steel Partners Holdings shows a raised stake in the company from 6.99 million shares to 29.98 million shares, or a 17.8 percent stake. HUYA Inc. (NYSE: HUYA) gained 13.1
• [By Max Byerly]

  These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

  Get AXT alerts: Gallium Arsenide Global Market Players by 2023- Sumitomo Electric, AXT and China Crystal Technologies (newspharmaceuticals.com) TheStreet Downgrades AXT (AXTI) to C+ (americanbankingnews.com) Is this stock is Overbought? AXT, Inc. (AXTI) (stockquote.review) What Investors Should Know? AXT, Inc. (AXTI) (mostvolatilestocks.com) Community rallies around valley high school, putting on its first musical in 20 years (yourcentralvalley.com)

  Several analysts have recently issued reports on AXTI shares. BidaskClub upgraded AXT from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Dougherty & Co reiterated a “buy” rating on shares of AXT in a research note on Thursday, February 22nd. B. Riley decreased their price target on AXT from $8.75 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Zacks Investment Research downgraded AXT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Finally, BWS Financial restated a “buy” rating on shares of AXT in a research note on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $10.44.

Hot Stocks To Invest In Right Now: Utah Medical Products, Inc.(UTMD)

Advisors' Opinion:

• [By Max Byerly]

  Utah Medical Products, Inc. (NASDAQ:UTMD) Director Ernst G. Hoyer sold 1,614 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $104.41, for a total value of $168,517.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hot Stocks To Invest In Right Now: Western Asset High Income Opportunity Fund, Inc.(HIO)

Advisors' Opinion:

• [By Logan Wallace]

  Headlines about Western Asset High Income (NYSE:HIO) have been trending positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Western Asset High Income earned a coverage optimism score of 0.49 on Accern’s scale. Accern also assigned press coverage about the closed-end fund an impact score of 47.4682522681889 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Hot Stocks To Invest In Right Now: Fox Factory Holding Corp.(FOXF)

Advisors' Opinion:

• [By Joseph Griffin]

  ValuEngine upgraded shares of Fox Factory (NASDAQ:FOXF) from a hold rating to a buy rating in a report published on Thursday morning.

  Several other brokerages also recently issued reports on FOXF. BidaskClub downgraded Fox Factory from a sell rating to a strong sell rating in a report on Monday, February 5th. DA Davidson reiterated a buy rating on shares of Fox Factory in a research report on Monday, May 7th. Finally, Zacks Investment Research upgraded Fox Factory from a hold rating to a buy rating and set a $39.00 price objective on the stock in a research report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Fox Factory presently has a consensus rating of Hold and an average price target of $39.50.

Hot Stocks To Invest In Right Now: First Merchants Corporation(FRME)

Advisors' Opinion:

• [By Joseph Griffin]

  Meeder Asset Management Inc. decreased its holdings in shares of First Merchants Co. (NASDAQ:FRME) by 26.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,664 shares of the bank’s stock after selling 1,677 shares during the quarter. Meeder Asset Management Inc.’s holdings in First Merchants were worth $195,000 at the end of the most recent quarter.

Motherson Sumi Systems falls 6% after Q4 earnings miss analyst estimates

Auto ancillary company Motherson Sumi Systems share price fell 6 percent intraday on Wednesday after March quarter earnings missed analyst expectations.

Consolidated profit during the quarter grew by 9.2 percent year-on-year to Rs 518.4 crore, backed by revenue growth. Weak operating margin performance and lower other income hit bottomline growth.

Revenue from operations in March quarter shot up 36.9 percent to Rs 15,408 crore YoY, driven by Samvardhana Motherson Peguform (SMP) and Samvardhana Motherson Reflectec (SMR) that reported 21 percent and 6 percent growth, respectively.

"We are very grateful for the continued trust of our customers, which reflects in our order book being the highest ever at Rs 1.3 lakh crore (Euro 17.2 billion) at SMRP BV," Vivek Chaand Sehgal, Chairman, MSSL said.

related news Bajaj Electricals gains 6% despite 81% fall in Q4 net profit Rs 7.3 cr Market Update: PSU banks rally led by SBI, Andhra Bank; HPCL, BPCL fall 4% Motherson Sumi Q4 misses estimates; profit up 9% at Rs 518 cr, revenue jumps 37%

Motherson bagged new orders worth Rs 18,109 crore (euro 2.4 billion) during second half of FY18 and for the full year the new orders won were worth over Rs 35,464 crore (euro 4.7 billion), the company said, adding execution of orders worth over Rs 3,320 crore started during second half of FY18.

Revenue growth remained strong but operational performance was not that great.

SMR, the rear vision systems maker, posted EBIT (earnings before interest and tax) growth of 12 percent with margin expansion of 50 basis points while SMP, the maker of interior and exterior products for automotive industry, showed EBIT growth of 8.77 percent with margin contraction of 50 basis points.

Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) in Q4 grew by 17.8 percent to Rs 1,419 crore but margin fell 150 basis points to 9.2 percent compared to same quarter last year.

Other income halved to Rs 61.5 crore in quarter ended March 2018 compared to Rs 124.6 crore in corresponding period of last fiscal.

According to Reuters poll estimates, profit was expected at Rs 539 crore on revenue of Rs 15,407.8 crore with EBITDA at Rs 1,500.1 crore.

For the financial year 2017-18, profit grew by 25 percent to Rs 1,939 crore and revenue increased 33 percent to Rs 55,857 crore compared to previous year.

At 14:09 hours IST, the stock price was quoting at Rs 322.40, down Rs 12.55, or 3.75 percent on the BSE.

Michaels Companies (MIK) Shares Bought by Tredje AP fonden

Tredje AP fonden lifted its stake in Michaels Companies (NASDAQ:MIK) by 68.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,680 shares of the specialty retailer’s stock after acquiring an additional 14,050 shares during the period. Tredje AP fonden’s holdings in Michaels Companies were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Alambic Investment Management L.P. bought a new stake in shares of Michaels Companies in the 1st quarter worth approximately $511,000. US Bancorp DE raised its holdings in shares of Michaels Companies by 61.4% in the 1st quarter. US Bancorp DE now owns 21,461 shares of the specialty retailer’s stock worth $422,000 after purchasing an additional 8,161 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Michaels Companies by 143.5% in the 1st quarter. Riverhead Capital Management LLC now owns 227,395 shares of the specialty retailer’s stock worth $4,482,000 after purchasing an additional 134,000 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Michaels Companies in the 1st quarter worth approximately $1,675,000. Finally, GW&K Investment Management LLC raised its holdings in shares of Michaels Companies by 9.2% in the 1st quarter. GW&K Investment Management LLC now owns 727,457 shares of the specialty retailer’s stock worth $14,338,000 after purchasing an additional 61,142 shares in the last quarter.

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MIK stock opened at $18.96 on Monday. The company has a quick ratio of 0.58, a current ratio of 1.75 and a debt-to-equity ratio of -1.79. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.25. Michaels Companies has a 12 month low of $17.25 and a 12 month high of $27.87.

Michaels Companies (NASDAQ:MIK) last posted its earnings results on Thursday, March 22nd. The specialty retailer reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.02). The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Michaels Companies had a negative return on equity of 24.07% and a net margin of 7.28%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. equities research analysts predict that Michaels Companies will post 2.34 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Michaels Companies from a “strong sell” rating to a “sell” rating in a report on Thursday. BidaskClub lowered shares of Michaels Companies from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. Deutsche Bank cut their price target on shares of Michaels Companies from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, March 23rd. Stephens cut their price target on shares of Michaels Companies from $30.00 to $26.00 and set an “in-line” rating on the stock in a report on Friday, March 23rd. Finally, Loop Capital assumed coverage on shares of Michaels Companies in a report on Thursday, March 1st. They set a “hold” rating and a $25.00 price target on the stock. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.27.

Michaels Companies Profile

The Michaels Companies, Inc owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.

American Century Companies Inc. Acquires 15,568 Shares of AAR Corp (AIR)

American Century Companies Inc. raised its holdings in shares of AAR Corp (NYSE:AIR) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,492 shares of the aerospace company’s stock after purchasing an additional 15,568 shares during the quarter. American Century Companies Inc. owned 0.73% of AAR worth $11,137,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of AAR in the 4th quarter worth $30,164,000. Beach Point Capital Management LP grew its stake in shares of AAR by 102.5% in the 4th quarter. Beach Point Capital Management LP now owns 459,046 shares of the aerospace company’s stock worth $18,036,000 after acquiring an additional 232,382 shares in the last quarter. BlackRock Inc. grew its stake in shares of AAR by 4.2% in the 4th quarter. BlackRock Inc. now owns 5,329,972 shares of the aerospace company’s stock worth $209,416,000 after acquiring an additional 217,049 shares in the last quarter. Castleark Management LLC bought a new stake in shares of AAR in the 4th quarter worth $7,235,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of AAR in the 4th quarter worth $4,863,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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Several analysts have recently issued reports on the stock. TheStreet upgraded shares of AAR from a “c+” rating to a “b” rating in a research note on Tuesday, March 20th. ValuEngine upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Zacks Investment Research lowered shares of AAR from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Noble Financial reiterated a “buy” rating on shares of AAR in a research note on Thursday, March 22nd. Finally, Credit Suisse Group upped their target price on shares of AAR to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.00.

In other AAR news, CEO David P. Storch sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $44.02, for a total transaction of $2,201,000.00. Following the sale, the chief executive officer now directly owns 667,259 shares of the company’s stock, valued at $29,372,741.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anthony Anderson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $44.07, for a total transaction of $220,350.00. Following the sale, the director now directly owns 20,411 shares in the company, valued at $899,512.77. The disclosure for this sale can be found here. Insiders sold a total of 108,500 shares of company stock worth $4,755,155 over the last three months. 9.33% of the stock is owned by insiders.

Shares of AAR opened at $46.91 on Monday, MarketBeat Ratings reports. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.63 billion, a P/E ratio of 32.35 and a beta of 1.23. AAR Corp has a fifty-two week low of $33.48 and a fifty-two week high of $47.56.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, March 20th. The aerospace company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $456.30 million for the quarter, compared to the consensus estimate of $475.89 million. AAR had a net margin of 1.34% and a return on equity of 6.02%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. analysts expect that AAR Corp will post 1.81 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Tuesday, May 1st were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, April 30th. AAR’s dividend payout ratio (DPR) is currently 20.69%.

About AAR

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company's Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

Sumitomo Mitsui Trust Holdings Inc. Sells 12,000 Shares of SPDR Dow Jones Industrial Average ETF Tru

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) by 60.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,000 shares of the exchange traded fund’s stock after selling 12,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in SPDR Dow Jones Industrial Average ETF Trust were worth $1,931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DIA. Capital Analysts LLC boosted its position in SPDR Dow Jones Industrial Average ETF Trust by 100.0% during the fourth quarter. Capital Analysts LLC now owns 2,000 shares of the exchange traded fund’s stock valued at $150,000 after acquiring an additional 1,000 shares during the last quarter. Delek Group Ltd. bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter valued at $162,000. Hall Capital Management Co. Inc. bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter valued at $201,000. Carlton Hofferkamp & Jenks Wealth Management LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter valued at $210,000. Finally, Meridian Management Co. bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter valued at $220,000.

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Shares of DIA opened at $247.00 on Friday. SPDR Dow Jones Industrial Average ETF Trust has a 12 month low of $206.58 and a 12 month high of $265.93.

The company also recently declared a monthly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 21st will be given a dividend of $0.6973 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $8.37 dividend on an annualized basis and a yield of 3.39%. This is a boost from SPDR Dow Jones Industrial Average ETF Trust’s previous monthly dividend of $0.13.

About SPDR Dow Jones Industrial Average ETF Trust

SPDR Dow Jones Industrial Average ETF Trust (the Trust) is a unit investment, which issues securities called trust units or units. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. The Dow Jones Industrial Average is an Index of 30 blue chip United States stocks.

Want to see what other hedge funds are holding DIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA).

SG Americas Securities LLC Sells 60,581 Shares of First American Co. (FAF)

SG Americas Securities LLC decreased its position in First American Co. (NYSE:FAF) by 68.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,415 shares of the insurance provider’s stock after selling 60,581 shares during the quarter. SG Americas Securities LLC’s holdings in First American were worth $1,667,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of First American in the fourth quarter valued at about $129,000. Advisors Preferred LLC purchased a new position in shares of First American in the first quarter valued at about $140,000. CIBC Asset Management Inc purchased a new position in shares of First American in the first quarter valued at about $208,000. Jane Street Group LLC purchased a new position in shares of First American in the fourth quarter valued at about $202,000. Finally, Round Table Services LLC purchased a new position in shares of First American in the fourth quarter valued at about $210,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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In related news, COO Christopher Michael Leavell sold 27,714 shares of the business’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $51.35, for a total transaction of $1,423,113.90. Following the transaction, the chief operating officer now owns 168,919 shares in the company, valued at $8,673,990.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by insiders.

First American opened at $53.93 on Friday, Marketbeat Ratings reports. First American Co. has a 12-month low of $42.33 and a 12-month high of $62.71. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.93 and a beta of 0.77.

First American (NYSE:FAF) last announced its quarterly earnings results on Thursday, April 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. First American had a net margin of 7.67% and a return on equity of 14.28%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. First American’s quarterly revenue was down 1.5% on a year-over-year basis. equities research analysts expect that First American Co. will post 4.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, June 7th. First American’s dividend payout ratio is currently 55.27%.

A number of equities analysts have issued reports on the stock. ValuEngine upgraded shares of First American from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of First American from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Finally, Barclays decreased their price objective on shares of First American from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $68.00.

First American Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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