Advisors Capital Management LLC Lowered Stake in Flex LTD (FLEX) as Shares Rose

Flex Ltd. (NASDAQ:FLEX) LogoInvestors sentiment decreased to 0.99 in Q4 2018. 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. Lpl Financial Limited Company owns 24,966 shares. Bokf Na has invested 0% in Flex Ltd. (NASDAQ:FLEX). Usca Ria Ltd Liability Com stated it has 0.01% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Balyasny Asset Management Ltd Liability Company has invested 0.02% in Flex Ltd. (NASDAQ:FLEX). Victory Cap Mgmt Incorporated holds 20.18M shares. Eaton Vance Mgmt reported 0% in Flex Ltd. (NASDAQ:FLEX). Janney Montgomery Scott Ltd Liability Corporation invested in 0% or 31,050 shares. Reilly Fincl Advsr Ltd Company reported 0% stake. Jane Street Group Inc Limited Company has 246,782 shares. The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.01% in Flex Ltd. (NASDAQ:FLEX). Nomura Asset Mngmt Limited invested in 102,791 shares. Zeke Capital Advsrs Lc accumulated 29,503 shares or 0.02% of the stock. Ameriprise Fin owns 0% invested in Flex Ltd. (NASDAQ:FLEX) for 918,166 shares. Greenwich Wealth Mgmt Limited Liability reported 0.28% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Whittier Tru accumulated 0% or 472 shares.

Since December 4, 2018, it had 1 insider purchase, and 2 sales for $91,714 activity. 11,500 shares valued at $97,632 were bought by ONETTO MARC A on Tuesday, December 4. Shares for $601 were sold by Li Jennifer.

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 3.94M 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 $763.81M and $1.37B 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 Tjx Cos Inc New (NYSE:TJX) by 170,335 shares in the quarter, for a total of 354,548 shares, and has risen its stake in Vanguard Index Fds (VBR).

Analysts await Flex Ltd. (NASDAQ:FLEX) to report earnings on July, 25. They expect $0.20 EPS, 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 EPS 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: “Flex (FLEX) Q4 Earnings in Line, Revenues Lag Estimates – Nasdaq” on May 02, 2019, also Seekingalpha.com with their article: “Flex hires new HR head – Flex Ltd. (NASDAQ:FLEX) – Seeking Alpha” published on May 01, 2019, Nasdaq.com published: “FLEX vs. TRMB: Which Stock Is the Better Value Option? – Nasdaq” on May 03, 2019. More interesting news about Flex Ltd. (NASDAQ:FLEX) were released by: Seekingalpha.com and their article: “Flex Ltd. (FLEX) CEO Revathi Advaithi on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” published on May 01, 2019 as well as Nasdaq.com‘s news article titled: “Airbus Can’t Take Advantage of Boeing’s 737 MAX Woes – Nasdaq” with publication date: May 06, 2019.

Flex Ltd. (NASDAQ:FLEX) Ratings Chart

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