James Hardie Industries plc (JHX) Forms $17.83 Double Top; Scopus Asset Management LP Increased Michael Kors Hldgs LTD (KORS) Stake By $46.50 Million

April 26, 2018 - By Danny Collins

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Scopus Asset Management Lp increased Michael Kors Hldgs Ltd (KORS) stake by 150% reported in 2017Q4 SEC filing. Scopus Asset Management Lp acquired 750,000 shares as Michael Kors Hldgs Ltd (KORS)’s stock declined 2.98%. The Scopus Asset Management Lp holds 1.25M shares with $78.69 million value, up from 500,000 last quarter. Michael Kors Hldgs Ltd now has $10.18 billion valuation. The stock decreased 1.15% or $0.78 during the last trading session, reaching $66.91. About 1.67 million shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 62.72% since April 26, 2017 and is uptrending. It has outperformed by 51.17% the S&P500.

James Hardie Industries plc (JHX) formed double top with $19.08 target or 7.00% above today’s $17.83 share price. James Hardie Industries plc (JHX) has $7.86 billion valuation. The stock increased 0.51% or $0.09 during the last trading session, reaching $17.83. About 6,944 shares traded. James Hardie Industries plc (NYSE:JHX) has risen 13.91% since April 26, 2017 and is uptrending. It has outperformed by 2.36% the S&P500.

Among 2 analysts covering James Hardie Industries plc. (NYSE:JHX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. James Hardie Industries plc. had 3 analyst reports since August 15, 2016 according to SRatingsIntel. The stock of James Hardie Industries plc (NYSE:JHX) earned “Outperform” rating by CLSA on Friday, April 21. The stock of James Hardie Industries plc (NYSE:JHX) has “Buy” rating given on Friday, November 10 by Citigroup. The stock of James Hardie Industries plc (NYSE:JHX) earned “Neutral” rating by Citigroup on Monday, August 15.

Scopus Asset Management Lp decreased Lamb Weston Hldgs Inc stake by 241,800 shares to 345,000 valued at $19.48 million in 2017Q4. It also reduced B & G Foods Inc New (NYSE:BGS) stake by 15,000 shares and now owns 445,000 shares. Nexstar Media Group Inc (NASDAQ:NXST) was reduced too.

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.50, from 0.94 in 2017Q3. It is positive, as 36 investors sold KORS shares while 112 reduced holdings. 103 funds opened positions while 110 raised stakes. 120.12 million shares or 5.14% less from 126.63 million shares in 2017Q3 were reported. Mckinley Mgmt Ltd Llc Delaware stated it has 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). 125,961 were accumulated by Greystone Managed Incorporated. Utah Retirement, a Utah-based fund reported 26,699 shares. Tiaa Cref Investment Management Ltd Co has 0.05% invested in Michael Kors Holdings Limited (NYSE:KORS). Dimensional Fund Advisors Lp reported 1.25M shares or 0.03% of all its holdings. Winfield Associates Incorporated reported 0.01% in Michael Kors Holdings Limited (NYSE:KORS). Franklin has invested 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Earnest Ptnrs Limited Company has invested 0% in Michael Kors Holdings Limited (NYSE:KORS). Credit Suisse Ag has 373,519 shares. The Japan-based Sumitomo Mitsui Asset Ltd has invested 0.01% in Michael Kors Holdings Limited (NYSE:KORS). Parkside Bank Trust invested in 0% or 30 shares. Adage Capital Partners Grp Ltd Limited Liability Company stated it has 223,675 shares. Fmr Ltd invested in 5.90 million shares or 0.04% of the stock. Federated Investors Pa has invested 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Highlander Lc holds 0% or 50 shares.

Among 35 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 12 have Buy rating, 2 Sell and 21 Hold. Therefore 34% are positive. Michael Kors Holdings Ltd had 123 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $65.0 target in Wednesday, February 7 report. Piper Jaffray downgraded the shares of KORS in report on Sunday, August 9 to “Underweight” rating. The firm has “Sector Perform” rating given on Wednesday, February 3 by RBC Capital Markets. As per Wednesday, April 27, the company rating was upgraded by Piper Jaffray. The company was maintained on Wednesday, May 31 by Oppenheimer. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Perform” rating by Oppenheimer on Monday, August 10. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Neutral” rating by Guggenheim on Friday, September 30. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Hold” rating given on Tuesday, May 30 by Piper Jaffray. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, July 5. The rating was maintained by Piper Jaffray with “Hold” on Thursday, October 5.

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