Advisors Capital Management LLC Cut Its Position in Flex LTD (FLEX) as Valuation Rose

Flex Ltd. (NASDAQ:FLEX) LogoInvestors sentiment decreased to 0.99 in 2018 Q4. Its down 0.14, from 1.13 in 2018Q3. It is negative, as 54 investors sold FLEX shares while 72 reduced holdings. 44 funds opened positions while 81 raised stakes. 469.28 million shares or 2.14% less from 479.55 million shares in 2018Q3 were reported. Staley Advisers reported 35,489 shares stake. Northwestern Mutual Wealth Management has invested 0% in Flex Ltd. (NASDAQ:FLEX). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0.01% in Flex Ltd. (NASDAQ:FLEX). Becker Cap Mgmt Inc invested in 0.78% or 2.61M shares. State Street reported 10.98 million shares. The Korea-based Korea Investment has invested 0.06% in Flex Ltd. (NASDAQ:FLEX). 14,343 were reported by Tiaa Cref Mgmt Ltd Company. Qs Investors Limited Liability stated it has 0% of its portfolio in Flex Ltd. (NASDAQ:FLEX). First Mercantile holds 0.07% of its portfolio in Flex Ltd. (NASDAQ:FLEX) for 39,697 shares. Fincl Bank Of New York Mellon reported 0% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Moreover, Birmingham Management Al has 0.13% invested in Flex Ltd. (NASDAQ:FLEX). Alyeska Gp Ltd Partnership holds 8.87M shares. Nomura Asset Mngmt Limited has 0.01% invested in Flex Ltd. (NASDAQ:FLEX) for 102,791 shares. Balyasny Asset Management Limited Liability Corporation accumulated 376,302 shares. Howe & Rusling reported 78 shares stake.

Since December 4, 2018, it had 1 buy, and 2 selling transactions for $91,714 activity. ONETTO MARC A had bought 11,500 shares worth $97,632. Shares for $601 were sold by Li Jennifer on Tuesday, January 15.

Advisors Capital Management Llc decreased its stake in Flex Ltd (FLEX) by 95.27% based on its latest 2018Q4 regulatory filing with the SEC. Advisors Capital Management Llc sold 506,019 shares as the company’s stock rose 20.74% with the market. The institutional investor held 25,115 shares of the electrical products company at the end of 2018Q4, valued at $191,000, down from 531,134 at the end of the previous reported quarter. Advisors Capital Management Llc who had been investing in Flex Ltd for a number of months, seems to be less bullish one the $5.59B market cap company. The stock decreased 2.24% or $0.24 during the last trading session, reaching $10.72. About 3.94 million shares traded. Flex Ltd. (NASDAQ:FLEX) has declined 41.76% since May 8, 2018 and is downtrending. It has underperformed by 46.13% the S&P500.

Advisors Capital Management Llc, which manages about $763.81 million and $1.37 billion US Long portfolio, upped its stake in Tpg Specialty Lending Inc (NYSE:TSLX) by 209,450 shares to 398,124 shares, valued at $7.20M in 2018Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (SPY) by 38,608 shares in the quarter, for a total of 41,356 shares, and has risen its stake in Microchip Technology Inc (NASDAQ:MCHP).

Analysts await Flex Ltd. (NASDAQ:FLEX) to report earnings on July, 25. They expect $0.20 earnings per share, down 9.09 % or $0.02 from last year’s $0.22 per share. FLEX’s profit will be $104.24 million for 13.40 P/E if the $0.20 EPS becomes a reality. After $-0.12 actual earnings per share reported by Flex Ltd. for the previous quarter, Wall Street now forecasts -266.67 % EPS growth.

More notable recent Flex Ltd. (NASDAQ:FLEX) news were published by: Nasdaq.com which released: “U.S. STOCKS ON THE MOVE-Roan Resources, Momo Inc, Flex Pharma – Nasdaq” on April 29, 2019, also Nasdaq.com with their article: “Flex (FLEX) Q4 Earnings in Line, Revenues Lag Estimates – Nasdaq” published on May 02, 2019, Businesswire.com published: “Flex Announces First Automotive News PACE Award Win – Business Wire” on April 09, 2019. More interesting news about Flex Ltd. (NASDAQ:FLEX) were released by: Nasdaq.com and their article: “Technology Sector Update for 05/01/2019: IPHI,SSNC,FLEX,NATI,AAPL – Nasdaq” published on May 01, 2019 as well as Nasdaq.com‘s news article titled: “Mack-Cali (CLI) Q1 FFO & Revenues Miss Estimates, NOI Down – Nasdaq” with publication date: May 02, 2019.

Flex Ltd. (NASDAQ:FLEX) Ratings Chart

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