Prudential Plc Increased By $2.34 Million Its Exlservice Holdings (EXLS) Stake; Mfs Municipal Trust (MFM) Sellers Increased By 16.85% Their Shorts

June 19, 2017 - By Stephen Andrade

Mfs Municipal Trust (NYSE:MFM) had an increase of 16.85% in short interest. MFM’s SI was 115,800 shares in June as released by FINRA. Its up 16.85% from 99,100 shares previously. With 64,300 avg volume, 2 days are for Mfs Municipal Trust (NYSE:MFM)’s short sellers to cover MFM’s short positions. About 36,684 shares traded. MFS Municipal Income Trust (NYSE:MFM) has declined 1.11% since June 19, 2016 and is downtrending. It has underperformed by 17.81% the S&P500.

Prudential Plc increased Exlservice Holdings (EXLS) stake by 42.39% reported in 2016Q4 SEC filing. Prudential Plc acquired 46,800 shares as Exlservice Holdings (EXLS)’s stock rose 6.17%. The Prudential Plc holds 157,200 shares with $7.93 million value, up from 110,400 last quarter. Exlservice Holdings now has $1.79B valuation. The stock rose 0.70% or $0.37 reaching $52.97 per share. About 37,088 shares traded. ExlService Holdings, Inc. (NASDAQ:EXLS) has risen 4.24% since June 19, 2016 and is uptrending. It has underperformed by 12.46% the S&P500.

MFS Municipal Income Trust is a diversified closed-end management investment company. The company has market cap of $294.90 million. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. It currently has negative earnings. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.

Investors sentiment increased to 2.27 in 2016 Q4. Its up 0.96, from 1.31 in 2016Q3. It is positive, as 3 investors sold MFS Municipal Income Trust shares while 8 reduced holdings. 12 funds opened positions while 13 raised stakes. 4.06 million shares or 8.91% more from 3.73 million shares in 2016Q3 were reported. Moreover, Partnervest Advisory Limited Liability Corporation has 0.05% invested in MFS Municipal Income Trust (NYSE:MFM). Raymond James Associates has 0% invested in MFS Municipal Income Trust (NYSE:MFM). New York-based Morgan Stanley has invested 0% in MFS Municipal Income Trust (NYSE:MFM). Regions invested in 39,183 shares. Invesco holds 138,326 shares. Cutter & Company Brokerage reported 83,479 shares. Lpl Fincl Ltd Liability Co owns 0% invested in MFS Municipal Income Trust (NYSE:MFM) for 51,329 shares. Next Financial Gp Inc owns 4,475 shares. The New York-based Van Eck has invested 0% in MFS Municipal Income Trust (NYSE:MFM). Of Vermont reported 2,500 shares stake. Ontario – Canada-based Royal Bancorporation Of Canada has invested 0% in MFS Municipal Income Trust (NYSE:MFM). Commercial Bank Of America De reported 68,622 shares or 0% of all its holdings. Pittenger And Anderson accumulated 8,000 shares. Raymond James Fincl Advsr Inc owns 30,560 shares or 0% of their US portfolio. Landscape Cap Mngmt Ltd Com holds 0.03% or 37,824 shares.

Among 7 analysts covering ExlService Holdings (NASDAQ:EXLS), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. ExlService Holdings had 9 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was initiated by Cowen & Co on Friday, February 19 with “Outperform”. The company was maintained on Friday, May 27 by Citigroup. The rating was maintained by Citigroup on Wednesday, February 24 with “Buy”. Bank of America upgraded ExlService Holdings, Inc. (NASDAQ:EXLS) on Tuesday, November 17 to “Buy” rating. The stock of ExlService Holdings, Inc. (NASDAQ:EXLS) has “Buy” rating given on Wednesday, February 24 by Needham. Cantor Fitzgerald initiated the stock with “Buy” rating in Friday, October 16 report.

Since March 13, 2017, it had 0 insider buys, and 18 insider sales for $8.24 million activity. Another trade for 1,868 shares valued at $100,872 was made by Chhibbar Vishal on Monday, June 5. On Friday, June 2 Kapoor Rohit sold $1.17 million worth of ExlService Holdings, Inc. (NASDAQ:EXLS) or 22,140 shares. The insider Saltzman Nancy sold 3,781 shares worth $190,373. BAGAI PAVAN sold 10,000 shares worth $459,966. $174,646 worth of ExlService Holdings, Inc. (NASDAQ:EXLS) shares were sold by Miglani Nalin Kumar.

Prudential Plc decreased Philip Morris Intl (NYSE:PM) stake by 13,650 shares to 474,046 valued at $43.37M in 2016Q4. It also reduced Tyson Foods Inc (NYSE:TSN) stake by 35,358 shares and now owns 51,008 shares. Travelers Companie (NYSE:TRV) was reduced too.

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