As Brocade Communications Sys (BRCD) Share Price Rose, Cheyne Capital Management Uk Llp Upped by $6.17 Million Its Holding; As Ball (BLL) Shares Rose, Bragg Financial Advisors Has Upped Position

December 20, 2017 - By Dolores Ford

Bragg Financial Advisors Inc increased its stake in Ball Corp (BLL) by 94.07% based on its latest 2017Q2 regulatory filing with the SEC. Bragg Financial Advisors Inc bought 20,451 shares as the company’s stock rose 9.29% with the market. The institutional investor held 42,192 shares of the containers and packaging company at the end of 2017Q2, valued at $1.78 million, up from 21,741 at the end of the previous reported quarter. Bragg Financial Advisors Inc who had been investing in Ball Corp for a number of months, seems to be bullish on the $13.39 billion market cap company. The stock decreased 0.70% or $0.27 during the last trading session, reaching $38.26. About 4.27M shares traded or 69.03% up from the average. Ball Corporation (NYSE:BLL) has risen 12.13% since December 20, 2016 and is uptrending. It has underperformed by 4.57% the S&P500.

Jonathan Lourie increased its stake in Brocade Communications Sys (BRCD) by 33.37% based on its latest 2017Q2 regulatory filing with the SEC. Cheyne Capital Management Uk Llp bought 514,011 shares as the company’s stock rose 2.27% with the market. The hedge fund run by Jonathan Lourie held 2.05M shares of the technology company at the end of 2017Q2, valued at $25.94M, up from 1.54M at the end of the previous reported quarter. Cheyne Capital Management Uk Llp who had been investing in Brocade Communications Sys for a number of months, seems to be bullish on the $5.27 billion market cap company. It closed at $12.73 lastly. It is down 58.47% since December 20, 2016 and is uptrending. It has outperformed by 41.77% the S&P500.

Among 20 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD), 3 have Buy rating, 2 Sell and 15 Hold. Therefore 15% are positive. Brocade Communications Systems Inc. had 58 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, June 9 by RBC Capital Markets. The firm has “Underperform” rating given on Thursday, July 14 by Robert W. Baird. Goldman Sachs upgraded the stock to “Neutral” rating in Friday, August 21 report. The firm earned “Sector Perform” rating on Thursday, November 3 by RBC Capital Markets. The firm has “Equalweight” rating by Barclays Capital given on Wednesday, October 14. The firm has “Hold” rating given on Friday, August 26 by Deutsche Bank. Citigroup initiated it with “Neutral” rating and $8.50 target in Wednesday, January 27 report. The firm has “Buy” rating given on Friday, August 21 by Summit Research. Goldman Sachs upgraded it to “Neutral” rating and $12 target in Monday, August 24 report. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) earned “Sell” rating by UBS on Friday, August 26.

Investors sentiment decreased to 1.1 in Q2 2017. Its down 0.10, from 1.2 in 2017Q1. It worsened, as 36 investors sold BRCD shares while 76 reduced holdings. 27 funds opened positions while 96 raised stakes. 324.45 million shares or 1.36% more from 320.11 million shares in 2017Q1 were reported. M&T State Bank Corp holds 0% in Brocade Communications Systems, Inc. (NASDAQ:BRCD) or 45,392 shares. Pennsylvania-based Nationwide Fund has invested 0.04% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Fmr Ltd Limited Liability Company holds 20.66 million shares or 0.03% of its portfolio. Prelude Cap Mngmt Lc accumulated 951,924 shares. Coastland Cap Limited Liability reported 0.26% stake. Bowling Management Llc reported 209,263 shares. Stifel Financial owns 53,205 shares or 0% of their US portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.2% or 1.04 million shares in its portfolio. Wells Fargo And Mn stated it has 0.01% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Mason Street Advsr Ltd Company has 200,306 shares for 0.06% of their portfolio. Moors And Cabot stated it has 15,397 shares. Johnson Inv Counsel Inc holds 0.01% or 30,655 shares. Indexiq Limited Liability Co accumulated 0.27% or 442,143 shares. Omers Administration has invested 0.54% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Entrustpermal Mgmt Llc stated it has 249,300 shares.

Among 14 analysts covering Ball Corporation (NYSE:BLL), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Ball Corporation had 36 analyst reports since October 15, 2015 according to SRatingsIntel. The stock of Ball Corporation (NYSE:BLL) has “Overweight” rating given on Thursday, March 31 by JP Morgan. The firm has “Hold” rating given on Friday, June 2 by BMO Capital Markets. Citigroup maintained Ball Corporation (NYSE:BLL) on Friday, August 5 with “Neutral” rating. On Monday, November 6 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by BMO Capital Markets with “Hold” on Friday, August 25. The rating was maintained by BMO Capital Markets on Friday, July 7 with “Hold”. Jefferies maintained the shares of BLL in report on Friday, August 5 with “Buy” rating. Robert W. Baird maintained it with “Buy” rating and $45.0 target in Tuesday, October 10 report. The stock of Ball Corporation (NYSE:BLL) earned “Buy” rating by Jefferies on Friday, September 29. The rating was maintained by BMO Capital Markets on Thursday, April 13 with “Hold”.

Bragg Financial Advisors Inc, which manages about $960.65 million and $633.80 million US Long portfolio, decreased its stake in Chubb Limited by 2,503 shares to 10,219 shares, valued at $1.49M in 2017Q2, according to the filing. It also reduced its holding in Iconix Brand Group Inc (NASDAQ:ICON) by 120,060 shares in the quarter, leaving it with 50,254 shares, and cut its stake in Greenbrier Cos Inc (NYSE:GBX).

Since August 7, 2017, it had 0 insider buys, and 7 sales for $3.66 million activity. Shares for $697,110 were sold by Pauley Lisa Ann on Wednesday, September 20. Another trade for 5,218 shares valued at $209,326 was made by Knobel Jeff A on Friday, September 8. $534,551 worth of stock was sold by MORRISON SCOTT C on Tuesday, August 15.