Arch Cap Group LTD (ACGL) Shareholder Rafferty Asset Management Raised Holding; Dorsal Capital Management Stake in Dollar Tree (DLTR) Has Lowered by $16.45 Million as Share Price Declined

August 12, 2018 - By Robert Shackelford

Dollar Tree, Inc. (NASDAQ:DLTR) Logo

Dorsal Capital Management Llc decreased its stake in Dollar Tree Inc (DLTR) by 28% based on its latest 2018Q1 regulatory filing with the SEC. Dorsal Capital Management Llc sold 175,000 shares as the company’s stock declined 10.39% with the market. The hedge fund held 450,000 shares of the consumer services company at the end of 2018Q1, valued at $42.71M, down from 625,000 at the end of the previous reported quarter. Dorsal Capital Management Llc who had been investing in Dollar Tree Inc for a number of months, seems to be less bullish one the $21.98 billion market cap company. The stock decreased 0.29% or $0.27 during the last trading session, reaching $92.43. About 1.16M shares traded. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 20.79% since August 12, 2017 and is uptrending. It has outperformed by 8.22% the S&P500. Some Historical DLTR News: 07/03/2018 – Dollar Tree Sees FY18 Sales $22.7B-$23.12B; 07/03/2018 – Dollar Tree Weighs on Discounters — Market Mover; 07/03/2018 – Steve Scalise: Money Growing on Trees: Dollar Tree Raises Wages, Increase Hours, Expand Maternity Leave Because of Tax Cuts an; 07/03/2018 – Soft forecast deals a blow to Dollar Tree; 07/03/2018 – Dollar Tree Volume Surges More Than 20 Times 20 Day Average

Rafferty Asset Management Llc increased its stake in Arch Cap Group Ltd (ACGL) by 16.83% based on its latest 2018Q1 regulatory filing with the SEC. Rafferty Asset Management Llc bought 4,499 shares as the company’s stock declined 10.81% with the market. The institutional investor held 31,237 shares of the property-casualty insurers company at the end of 2018Q1, valued at $2.67M, up from 26,738 at the end of the previous reported quarter. Rafferty Asset Management Llc who had been investing in Arch Cap Group Ltd for a number of months, seems to be bullish on the $12.25B market cap company. The stock decreased 0.40% or $0.12 during the last trading session, reaching $30.22. About 796,200 shares traded. Arch Capital Group Ltd. (NASDAQ:ACGL) has declined 16.87% since August 12, 2017 and is downtrending. It has underperformed by 29.44% the S&P500. Some Historical ACGL News: 23/04/2018 – EON: Arch Credit Risk Services Inc. Enters Multi-Year Underwriting Services Agreement with Munich Re; 22/03/2018 – ARCH CAPITAL GROUP LTD ACGL.O : KBW RAISES TO OUTPERFORM FROM MARKET PERFORM; 01/05/2018 – ARCH CAPITAL 1Q OPER EPS $1.69, EST. $1.54; 14/05/2018 – AIG – LYONS IS REJOINING AIG FROM ARCH CAPITAL GROUP LTD; 14/05/2018 – Arch Capital Group Ltd. Names François Morin Executive Vice President And Chief Financial Officer; 14/05/2018 – ARCH CAPITAL GROUP NAMES FRANÇOIS MORIN EVP & CFO; 09/03/2018 – Arch Capital Public Offering Price Is $88.55 a for an Aggregate Public Offering Price of $502.45M; 01/05/2018 – Arch Capital 1Q Operating Income $1.69/Share; 01/05/2018 – ARCH CAPITAL 1Q BOOK VALUE/SHR $61.24, EST. $62.36; 09/03/2018 – ARCH CAPITAL GROUP – PUBLIC OFFERING PRICE IS $88.55 PER COMMON SHARE FOR AGGREGATE PUBLIC OFFERING PRICE OF $502.5 MLN

Among 16 analysts covering Arch Capital (NASDAQ:ACGL), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Arch Capital had 51 analyst reports since July 31, 2015 according to SRatingsIntel. Wood upgraded Arch Capital Group Ltd. (NASDAQ:ACGL) on Thursday, March 22 to “Outperform” rating. Goldman Sachs upgraded Arch Capital Group Ltd. (NASDAQ:ACGL) rating on Wednesday, September 7. Goldman Sachs has “Neutral” rating and $79 target. Keefe Bruyette & Woods maintained Arch Capital Group Ltd. (NASDAQ:ACGL) on Friday, August 11 with “Hold” rating. RBC Capital Markets maintained it with “Buy” rating and $108.0 target in Monday, October 2 report. The firm has “Hold” rating by Wells Fargo given on Tuesday, June 13. The company was downgraded on Monday, August 10 by Zacks. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) has “Neutral” rating given on Tuesday, January 19 by Macquarie Research. The rating was upgraded by UBS to “Buy” on Tuesday, September 6. The firm has “Underperform” rating by Bank of America given on Wednesday, August 1. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) earned “Equal-Weight” rating by Morgan Stanley on Thursday, June 21.

Investors sentiment increased to 1.43 in Q1 2018. Its up 0.45, from 0.98 in 2017Q4. It is positive, as 18 investors sold ACGL shares while 85 reduced holdings. 44 funds opened positions while 103 raised stakes. 107.01 million shares or 3.02% more from 103.87 million shares in 2017Q4 were reported. Gateway Advisers Limited Com has invested 0.13% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). Captrust Fincl Advsrs holds 0% or 171 shares in its portfolio. Korea Invest stated it has 0% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). Moreover, Ibm Retirement Fund has 0.07% invested in Arch Capital Group Ltd. (NASDAQ:ACGL). 389,268 were accumulated by Morgan Stanley. Victory Mgmt Inc holds 0.1% or 518,833 shares in its portfolio. First Manhattan Com has invested 0% in Arch Capital Group Ltd. (NASDAQ:ACGL). Violich Cap Management reported 32,767 shares. Principal Gru Inc accumulated 2.50 million shares or 0.21% of the stock. Cibc Asset Mngmt invested in 0.01% or 11,669 shares. Qci Asset Mngmt Inc Ny reported 0% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). Sei Invests owns 157,783 shares. Us National Bank & Trust De stated it has 0% in Arch Capital Group Ltd. (NASDAQ:ACGL). Magnetar Ltd holds 0.32% or 150,199 shares in its portfolio. Glenmede Tru Commerce Na stated it has 4,704 shares.

Another recent and important Arch Capital Group Ltd. (NASDAQ:ACGL) news was published by Seekingalpha.com which published an article titled: “Arch Capital Reports Another Good, Balanced Quarter” on August 07, 2018.

Rafferty Asset Management Llc, which manages about $7.35B and $6.75 billion US Long portfolio, decreased its stake in Hp Inc by 66,556 shares to 190,128 shares, valued at $4.17M in 2018Q1, according to the filing. It also reduced its holding in Marsh & Mclennan Cos Inc (NYSE:MMC) by 9,383 shares in the quarter, leaving it with 130,054 shares, and cut its stake in Constellation Brands Inc (NYSE:STZ).

Since February 15, 2018, it had 2 insider buys, and 5 sales for $2.17 million activity. Shares for $504,963 were sold by Lyons Mark Donald. Shares for $161,072 were sold by Morin Francois on Monday, June 11. 3,000 shares valued at $235,876 were bought by Posner Brian S on Thursday, May 3. Another trade for 10,000 shares valued at $237,997 was bought by IORDANOU CONSTANTINE.

Another recent and important Dollar Tree, Inc. (NASDAQ:DLTR) news was published by Benzinga.com which published an article titled: “Dollar Tree’s Bargain Price Offers 15% Upside” on July 24, 2018.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.36, from 1.17 in 2017Q4. It fall, as 67 investors sold DLTR shares while 216 reduced holdings. 68 funds opened positions while 162 raised stakes. 209.04 million shares or 2.02% more from 204.89 million shares in 2017Q4 were reported. Korea Invest owns 55,944 shares for 0.02% of their portfolio. Drw Ltd Limited Liability Company has invested 0.05% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Pictet Asset Mngmt reported 123,787 shares stake. Raymond James Na reported 0.02% stake. 1St Source Bancorporation stated it has 2,704 shares or 0.02% of all its holdings. Fred Alger holds 0.04% or 89,478 shares. State Board Of Administration Of Florida Retirement System has 317,870 shares. California Pub Employees Retirement Systems has 0.07% invested in Dollar Tree, Inc. (NASDAQ:DLTR). Mufg Americas Hldgs invested in 0.3% or 101,228 shares. Utah Retirement holds 0.09% in Dollar Tree, Inc. (NASDAQ:DLTR) or 42,955 shares. Fincl Architects invested in 62 shares or 0% of the stock. The New York-based Guardian Life Of America has invested 0.01% in Dollar Tree, Inc. (NASDAQ:DLTR). Checchi Capital Advisers Limited Com holds 0.03% or 2,337 shares. Acadian Asset Ltd has invested 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Renaissance Gp Limited Liability Co owns 0.08% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 24,292 shares.

Among 36 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Dollar Tree Inc. had 126 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was reinitiated by JP Morgan on Friday, November 6 with “Overweight”. The firm has “Hold” rating given on Wednesday, November 22 by BMO Capital Markets. The rating was upgraded by Telsey Advisory Group to “Outperform” on Monday, February 8. The company was maintained on Wednesday, March 7 by RBC Capital Markets. The firm earned “Overweight” rating on Monday, March 26 by PiperJaffray. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, September 2. The firm has “Buy” rating by Wells Fargo given on Tuesday, January 23. The rating was maintained by JP Morgan on Friday, June 1 with “Overweight”. RBC Capital Markets maintained Dollar Tree, Inc. (NASDAQ:DLTR) rating on Thursday, August 24. RBC Capital Markets has “Buy” rating and $92.0 target. On Friday, May 27 the stock rating was maintained by Telsey Advisory Group with “Outperform”.

Dorsal Capital Management Llc, which manages about $1.15 billion and $2.08 billion US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 50,000 shares to 675,000 shares, valued at $98.11 million in 2018Q1, according to the filing. It also increased its holding in Tiffany & Co New (NYSE:TIF) by 25,000 shares in the quarter, for a total of 700,000 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Since March 9, 2018, it had 4 insider buys, and 4 insider sales for $99,174 activity. Another trade for 2,500 shares valued at $201,088 was made by Lewis Lemuel E on Monday, June 4. The insider WHIDDON THOMAS E bought $199,755. Shares for $918,281 were bought by Hall Conrad M. on Friday, March 9. $570,657 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was sold by RUDMAN ROBERT H on Saturday, March 31. $569,084 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was sold by BARRON ARNOLD S on Tuesday, March 20.

Analysts await Dollar Tree, Inc. (NASDAQ:DLTR) to report earnings on August, 23. They expect $1.15 earnings per share, up 16.16% or $0.16 from last year’s $0.99 per share. DLTR’s profit will be $273.45 million for 20.09 P/E if the $1.15 EPS becomes a reality. After $1.19 actual earnings per share reported by Dollar Tree, Inc. for the previous quarter, Wall Street now forecasts -3.36% negative EPS growth.

Dollar Tree, Inc. (NASDAQ:DLTR) Institutional Positions Chart

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