As Michael Kors Hldgs LTD (KORS) Share Price Declined, Systematic Financial Management LP Has Lowered Stake; Lear (LEA) Shareholder Ativo Capital Management Has Cut Its Position

Michael Kors Holdings Limited (NYSE:KORS) Logo

Ativo Capital Management Llc decreased its stake in Lear Corp (LEA) by 37.05% based on its latest 2018Q3 regulatory filing with the SEC. Ativo Capital Management Llc sold 5,972 shares as the company’s stock declined 22.29% with the market. The institutional investor held 10,145 shares of the o.e.m. company at the end of 2018Q3, valued at $1.47 million, down from 16,117 at the end of the previous reported quarter. Ativo Capital Management Llc who had been investing in Lear Corp for a number of months, seems to be less bullish one the $9.60B market cap company. The stock decreased 0.47% or $0.72 during the last trading session, reaching $153.59. About 705,588 shares traded. Lear Corporation (NYSE:LEA) has declined 29.53% since February 14, 2018 and is downtrending. It has underperformed by 29.53% the S&P500. Some Historical LEA News: 23/05/2018 – Indiewire: Norman Lear Developing Hip-Hop Animated Kids Series for Nickelodeon; 06/04/2018 – INTERNATIONAL AUTOMOTIVE – AS PART OF RECAPITALIZATION, IAC TO ISSUE $215 MLN SENIOR SECURED NOTES DUE APRIL 2023 TO FUNDS MANAGED BY GAMUT CAPITAL; 22/03/2018 – LEAR CORP LEA.N : MORGAN STANLEY RAISES TARGET PRICE TO $191 FROM $148; 23/04/2018 – UNIFOR DELIVERS STRIKE MANDATE TO FCAU SUPPLIER LEAR AJAX; 26/04/2018 – LEAR CORP LEA.N FY2018 REV VIEW $21.93 BLN — THOMSON REUTERS l/B/E/S; 22/03/2018 – LEAR CORP LEA.N : MORGAN STANLEY RAISES TO EQUAL-WEIGHT FROM UNDERWEIGHT; 14/05/2018 – LEAR’S RATINGS OUTLOOK TO POSITIVE BY MOODY’S; 24/05/2018 – U.S. auto import probe fans tariff fears, riles Asia, Europe; 29/03/2018 – Review: Glenda Jackson Gets Her Queen Lear Moment in `Three Tall Women’; 26/04/2018 – LEAR CORP SEES FULL YEAR 2018 PRETAX OPERATIONAL RESTRUCTURING COSTS ARE ESTIMATED TO BE $70 MLN

Systematic Financial Management Lp decreased its stake in Michael Kors Hldgs Ltd (KORS) by 8.63% based on its latest 2018Q3 regulatory filing with the SEC. Systematic Financial Management Lp sold 66,612 shares as the company’s stock declined 45.98% with the market. The institutional investor held 705,664 shares of the apparel company at the end of 2018Q3, valued at $48.38M, down from 772,276 at the end of the previous reported quarter. Systematic Financial Management Lp who had been investing in Michael Kors Hldgs Ltd for a number of months, seems to be less bullish one the $5.69 billion market cap company. The stock increased 1.99% or $0.74 during the last trading session, reaching $37.92. About 2.13 million shares traded. Michael Kors Holdings Limited (NYSE:KORS) has declined 33.89% since February 14, 2018 and is downtrending. It has underperformed by 33.89% the S&P500. Some Historical KORS News: 30/05/2018 – Michael Kors Sees 1Q EPS 90c-EPS 95c; 30/05/2018 – MICHAEL KORS HOLDINGS SAYS WILL CONTINUE TO EXPLORE ACQUISITIONS TO COMPLEMENT EXISTING LUXURY PORTFOLIO; 30/05/2018 – MICHAEL KORS HOLDINGS LTD KORS.N – QTRLY MICHAEL KORS COMPARABLE SALES GREW 2.3%; 30/05/2018 – MICHAEL KORS HOLDINGS LTD – COMPARABLE SALES FOR MICHAEL KORS ARE EXPECTED TO BE APPROXIMATELY FLAT FOR FISCAL 2019; 30/05/2018 – Michael Kors Sees 1Q Rev $1.135B; 18/04/2018 – CGTN: Exclusive interview: fashion designer Michael Kors “walks” and “talks” in Shanghai #MichaelKors…; 02/04/2018 – Michael Kors Announces Global Partnership with South African Pro Golfer and Masters Champion Charl Schwartzel; 09/04/2018 – Profile in style: Back to the Early ’80s With Michael Kors; 30/05/2018 – Michael Kors 4Q EPS 29c; 23/03/2018 – Former Michael Kors exec Anna Bakst will join Kate Spade next week, succeeding Craig Leavitt

More notable recent Michael Kors Holdings Limited (NYSE:KORS) news were published by: Benzinga.com which released: “Survey: Michael Kors (NYSE:KORS) Still The Preferred Handbag Among Teens – Benzinga” on October 25, 2018, also 247Wallst.com with their article: “What Michael Kors Gets by Acquiring Versace – 24/7 Wall St.” published on September 25, 2018, Seekingalpha.com published: “Capri Holdings: An American Growth Story – Seeking Alpha” on January 22, 2019. More interesting news about Michael Kors Holdings Limited (NYSE:KORS) were released by: Benzinga.com and their article: “Bernstein Upgrades Michael Kors (NYSE:KORS), But Says Core Brand Challenges Persist – Benzinga” published on November 12, 2018 as well as Investorplace.com‘s news article titled: “Here’s Why You Should Pay Attention To Michael Kors Stock Now – Investorplace.com” with publication date: September 26, 2018.

Investors sentiment increased to 1.02 in 2018 Q3. Its up 0.03, from 0.99 in 2018Q2. It improved, as 25 investors sold KORS shares while 157 reduced holdings. 85 funds opened positions while 100 raised stakes. 119.38 million shares or 3.27% less from 123.42 million shares in 2018Q2 were reported. Geode Mngmt Limited Liability Company reported 2.21 million shares stake. Jaffetilchin Inv Prtnrs Limited Liability holds 0.22% in Michael Kors Holdings Limited (NYSE:KORS) or 15,135 shares. Whittier Trust owns 174 shares for 0% of their portfolio. Alliancebernstein LP reported 0.01% stake. Cambridge Inv Research Advsr Incorporated stated it has 5,012 shares or 0% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky holds 196,541 shares. New Mexico Educational Retirement Board has invested 0.03% in Michael Kors Holdings Limited (NYSE:KORS). Blackrock reported 12.56M shares or 0.04% of all its holdings. C M Bidwell Assoc Ltd has 0.03% invested in Michael Kors Holdings Limited (NYSE:KORS) for 460 shares. Virtu Fin Limited Liability Co accumulated 23,251 shares. Next Finance Inc holds 0% in Michael Kors Holdings Limited (NYSE:KORS) or 15 shares. New York State Teachers Retirement Sys has invested 0.04% in Michael Kors Holdings Limited (NYSE:KORS). Parallax Volatility Advisers Ltd Partnership holds 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 10,952 shares. Moreover, Commerzbank Aktiengesellschaft Fi has 0.1% invested in Michael Kors Holdings Limited (NYSE:KORS) for 158,579 shares. 370,480 were accumulated by Retail Bank Of America Corp De.

Systematic Financial Management Lp, which manages about $14.04 billion and $4.14 billion US Long portfolio, upped its stake in Central Garden & Pet Co. Cl A (NASDAQ:CENTA) by 17,778 shares to 35,538 shares, valued at $1.18M in 2018Q3, according to the filing. It also increased its holding in First Data Corporation Cl A by 20,135 shares in the quarter, for a total of 645,449 shares, and has risen its stake in Akamai Technologies Inc. (NASDAQ:AKAM).

Since August 15, 2018, it had 0 insider purchases, and 6 selling transactions for $37.12 million activity. IDOL JOHN D had sold 6,676 shares worth $435,657 on Wednesday, October 10. $171,456 worth of stock was sold by Robinson Cathy Marie on Friday, February 8. McDonough Krista A sold $127,855 worth of Michael Kors Holdings Limited (NYSE:KORS) on Thursday, December 6.

Among 38 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 14 have Buy rating, 1 Sell and 23 Hold. Therefore 37% are positive. Michael Kors Holdings Ltd had 157 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, August 9 by Citigroup. Oppenheimer maintained Michael Kors Holdings Limited (NYSE:KORS) on Tuesday, July 25 with “Hold” rating. The firm has “Perform” rating given on Friday, November 16 by Oppenheimer. The rating was maintained by M Partners on Tuesday, November 13 with “Neutral”. As per Tuesday, November 7, the company rating was maintained by Buckingham Research. As per Friday, August 7, the company rating was upgraded by BB&T Capital. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Hold” rating given on Friday, September 29 by Robert W. Baird. The firm has “Buy” rating given on Tuesday, January 23 by Susquehanna. Canaccord Genuity maintained it with “Buy” rating and $8400 target in Tuesday, May 29 report. Piper Jaffray maintained the stock with “Hold” rating in Friday, June 9 report.

Ativo Capital Management Llc, which manages about $892.03M and $374.04M US Long portfolio, upped its stake in Sap Se Sp Adr (NYSE:SAP) by 2,703 shares to 149,741 shares, valued at $18.42M in 2018Q3, according to the filing. It also increased its holding in Schnitzer Steel Industries Cl (NASDAQ:SCHN) by 31,007 shares in the quarter, for a total of 50,013 shares, and has risen its stake in Profire Energy Inc (NASDAQ:PFIE).

Investors sentiment decreased to 0.7 in Q3 2018. Its down 0.39, from 1.09 in 2018Q2. It is negative, as 70 investors sold LEA shares while 184 reduced holdings. 66 funds opened positions while 111 raised stakes. 54.61 million shares or 1.74% less from 55.58 million shares in 2018Q2 were reported. Credit Suisse Ag owns 0.02% invested in Lear Corporation (NYSE:LEA) for 154,274 shares. Moreover, Burney Company has 0.03% invested in Lear Corporation (NYSE:LEA) for 3,107 shares. Nomura owns 2,698 shares for 0% of their portfolio. Jennison Assocs Ltd Llc holds 0% or 12,266 shares in its portfolio. Gulf Bank & Trust (Uk) Ltd invested in 0.04% or 21,830 shares. Tortoise Cap Advisors Ltd Liability Corp stated it has 3 shares or 0% of all its holdings. Envestnet Asset Management reported 0.03% stake. Schroder Invest owns 500,736 shares for 0.12% of their portfolio. Foundry Prns Limited Com holds 0.59% or 106,630 shares in its portfolio. North Carolina-based Atria Invs Lc has invested 0.01% in Lear Corporation (NYSE:LEA). Northpointe Ltd Com holds 14,559 shares. Blackrock holds 4.63M shares. Capital Fund Mngmt holds 0.05% or 61,748 shares in its portfolio. Spark Invest Ltd Liability Company holds 2,800 shares or 0.02% of its portfolio. Gabelli Funds Lc holds 0.01% in Lear Corporation (NYSE:LEA) or 8,000 shares.

Among 21 analysts covering Lear Corporation (NYSE:LEA), 15 have Buy rating, 1 Sell and 5 Hold. Therefore 71% are positive. Lear Corporation had 94 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Lear Corporation (NYSE:LEA) has “Buy” rating given on Thursday, January 18 by Cowen & Co. RBC Capital Markets maintained it with “Hold” rating and $16200 target in Wednesday, July 26 report. Cowen & Co maintained the shares of LEA in report on Thursday, October 26 with “Buy” rating. The company was maintained on Tuesday, April 17 by Robert W. Baird. As per Tuesday, April 11, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by UBS given on Tuesday, October 3. As per Monday, October 26, the company rating was maintained by RBC Capital Markets. As per Thursday, September 14, the company rating was maintained by KeyBanc Capital Markets. The stock of Lear Corporation (NYSE:LEA) has “Buy” rating given on Friday, May 5 by Seaport Global. The firm earned “Sell” rating on Thursday, October 6 by Goldman Sachs.

Since September 10, 2018, it had 0 insider purchases, and 2 insider sales for $119,156 activity. Bott Richard Harold sold $106,618 worth of stock or 789 shares.

More notable recent Lear Corporation (NYSE:LEA) news were published by: Gurufocus.com which released: “3 High-Quality Stocks for a Slowdown in US Economic Growth – GuruFocus.com” on January 28, 2019, also Seekingalpha.com with their article: “Lear Corporation 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on January 25, 2019, Nasdaq.com published: “Report: Developing Opportunities within Incyte, Burlington Stores, Hannon Armstrong Sustainable Infrastructure Capital, iRobot, Lear, and Menlo Therapeutics — Future Expectations, Projections Moving into 2019 – Nasdaq” on January 29, 2019. More interesting news about Lear Corporation (NYSE:LEA) were released by: Gurufocus.com and their article: “US Market Indexes Report a Third Day of Closing Gains on Friday – GuruFocus.com” published on January 25, 2019 as well as Benzinga.com‘s news article titled: “35 Stocks Moving In Friday’s Mid-Day Session – Benzinga” with publication date: January 25, 2019.

Lear Corporation (NYSE:LEA) Institutional Positions Chart