Mirae Asset Global Investments Trimmed Weibo (WB) Stake by $4.49 Million as Stock Value Declined; Dean Capital Management Increases Position in Csg Sys Intl (CSGS)

August 10, 2018 - By Lisa Delgado

CSG Systems International, Inc. (NASDAQ:CSGS) Logo

Dean Capital Management increased its stake in Csg Sys Intl Inc (CSGS) by 57.98% based on its latest 2018Q1 regulatory filing with the SEC. Dean Capital Management bought 29,253 shares as the company’s stock declined 14.63% with the market. The institutional investor held 79,707 shares of the technology company at the end of 2018Q1, valued at $3.61M, up from 50,454 at the end of the previous reported quarter. Dean Capital Management who had been investing in Csg Sys Intl Inc for a number of months, seems to be bullish on the $1.27B market cap company. The stock decreased 0.42% or $0.16 during the last trading session, reaching $37.68. About 102,267 shares traded. CSG Systems International, Inc. (NASDAQ:CSGS) has risen 1.60% since August 10, 2017 and is uptrending. It has underperformed by 10.97% the S&P500. Some Historical CSGS News: 20/04/2018 – ROVSING GROUP WINS SERVICE CONTRACT FROM CNES FOR CSG; 08/04/2018 – CSG HOLDING 000012.SZ SAYS IT PLANS TO ISSUE UP TO 4.0 BLN YUAN COMMERCIAL PAPER; 02/05/2018 – CSG Systems 1Q Adj EPS 69c; 29/03/2018 – CSG SMART SCIENCE & TECHNOLOGY 300222.SZ SAYS IT PLANS TO RAISE UP TO 1.5 BLN YUAN IN SHARE PRIVATE PLACEMENT TO FUNDS PROJECTS; 13/03/2018 – CSG Systems Adjusts Convertible Debt Conversion Rate For 2016 Convertible Notes as a Result of Dividend; 08/03/2018 – CSG SYSTEMS INTERNATIONAL INC – REFINANCED AGREEMENT INCLUDE AN INCREASE IN TENOR OF LOAN FROM FEBRUARY 2020 TO MARCH 2023; 15/05/2018 – CSG Survey Reveals Consumer Priorities for the IoT; 08/03/2018 – CSG Systems Gets $350M Credit Agreemen; 31/05/2018 – GCI Launches New Data Compliance Solution with CSG; 08/03/2018 – CSG SYSTEMS INTERNATIONAL – ON MARCH 5 REFINANCED EXISTING TERM BANK DEBT, REVOLVING CREDIT AGREEMENT WITH NEW DEBT ARRANGEMENT – SEC FILING

Mirae Asset Global Investments decreased its stake in Weibo Corp (WB) by 11.77% based on its latest 2018Q1 regulatory filing with the SEC. Mirae Asset Global Investments sold 37,745 shares as the company’s stock declined 22.75% with the market. The institutional investor held 282,989 shares of the programming company at the end of 2018Q1, valued at $33.83M, down from 320,734 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Weibo Corp for a number of months, seems to be less bullish one the $17.84B market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $80.12. About 2.35 million shares traded. Weibo Corporation (NASDAQ:WB) has risen 32.23% since August 10, 2017 and is uptrending. It has outperformed by 19.66% the S&P500. Some Historical WB News: 04/04/2018 – THERE WON’T BE A WINNER IN TRADE WAR: XINHUA WEIBO COMMENTARY; 24/05/2018 – SINA CORP SINA.O PLANNING SECONDARY LISTING IN HONG KONG, LIKELY TO TAKE PLACE IN Q4; 28/05/2018 – China’s Weibo microblogging site deletes posts by embassies, says report; 21/05/2018 – CHINESE SECURITIES REGULATOR COMMENTS IN WEIBO STATEMENT; 09/05/2018 – WEIBO 1Q NET REV. $349.9M, EST. $343.4M; 09/05/2018 – Weibo 1Q Net $99.1M; 09/05/2018 – Weibo 1Q EPS 44c; 09/05/2018 – WEIBO 1Q ADJ EPS 50C, EST. 47C; 26/04/2018 – SINA Files Annual Report on Form 20-F for Fiscal Year 2017; 04/04/2018 China Unveils Retaliation Plan for U.S. Tariffs — State TV Weibo

Investors sentiment increased to 1.79 in Q1 2018. Its up 0.55, from 1.24 in 2017Q4. It improved, as 9 investors sold CSGS shares while 49 reduced holdings. 27 funds opened positions while 77 raised stakes. 29.43 million shares or 0.67% less from 29.63 million shares in 2017Q4 were reported. Principal Gp Inc Inc invested 0.01% in CSG Systems International, Inc. (NASDAQ:CSGS). Thrivent Financial For Lutherans has invested 0% in CSG Systems International, Inc. (NASDAQ:CSGS). Moreover, Menta Capital Llc has 0.36% invested in CSG Systems International, Inc. (NASDAQ:CSGS) for 37,606 shares. Arizona State Retirement Sys owns 52,743 shares or 0.02% of their US portfolio. 6,113 were accumulated by Prelude Cap. Glenmede Com Na accumulated 0% or 271 shares. The New York-based Pinebridge LP has invested 0.04% in CSG Systems International, Inc. (NASDAQ:CSGS). Morgan Stanley holds 0% or 75,254 shares in its portfolio. Rbf Capital Lc reported 0.16% of its portfolio in CSG Systems International, Inc. (NASDAQ:CSGS). Vanguard Group Incorporated accumulated 3.71 million shares. Fny Managed Accounts Limited owns 180 shares or 0.01% of their US portfolio. Hbk Invests LP invested in 0.01% or 15,200 shares. Wedge Cap Management L Limited Partnership Nc has invested 0% in CSG Systems International, Inc. (NASDAQ:CSGS). Texas Permanent School Fund accumulated 22,137 shares or 0.01% of the stock. The New Jersey-based Jacobs Levy Equity Mgmt has invested 0.06% in CSG Systems International, Inc. (NASDAQ:CSGS).

More news for CSG Systems International, Inc. (NASDAQ:CSGS) were recently published by: Businesswire.com, which released: “CSG Reaches New Milestone with Amazon Web Services” on July 31, 2018. Gurufocus.com‘s article titled: “High-Tech Stocks Gurus Love to Buy” and published on August 03, 2018 is yet another important article.

Since February 22, 2018, it had 0 insider purchases, and 7 insider sales for $3.51 million activity. The insider Griess Bret C sold $968,400. $192,245 worth of stock was sold by Johns Rolland B on Tuesday, February 27. Kennedy Kenneth M had sold 3,612 shares worth $171,389. 5,000 shares were sold by REED DONALD, worth $236,400.

Dean Capital Management, which manages about $555.00M and $202.14 million US Long portfolio, decreased its stake in Cabot Corp (NYSE:CBT) by 29,975 shares to 36,230 shares, valued at $2.02M in 2018Q1, according to the filing.

Among 2 analysts covering CSG Systems (NASDAQ:CSGS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. CSG Systems had 7 analyst reports since November 5, 2015 according to SRatingsIntel. The stock of CSG Systems International, Inc. (NASDAQ:CSGS) has “Buy” rating given on Tuesday, February 27 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Thursday, November 5. Stifel Nicolaus maintained CSG Systems International, Inc. (NASDAQ:CSGS) on Monday, July 10 with “Buy” rating. The firm has “Equal-Weight” rating given on Thursday, November 5 by First Analysis. The stock of CSG Systems International, Inc. (NASDAQ:CSGS) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 16. The rating was maintained by Stifel Nicolaus on Thursday, September 22 with “Buy”. Stifel Nicolaus maintained CSG Systems International, Inc. (NASDAQ:CSGS) rating on Thursday, March 17. Stifel Nicolaus has “Buy” rating and $7 target.

Among 12 analysts covering Weibo Corp (NASDAQ:WB), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Weibo Corp had 25 analyst reports since August 19, 2015 according to SRatingsIntel. UBS initiated Weibo Corporation (NASDAQ:WB) rating on Tuesday, January 2. UBS has “Buy” rating and $125.0 target. The rating was maintained by Barclays Capital on Wednesday, February 14 with “Buy”. The firm has “Overweight” rating given on Tuesday, April 19 by Morgan Stanley. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 11 report. As per Wednesday, August 19, the company rating was maintained by Piper Jaffray. The company was maintained on Monday, July 30 by Barclays Capital. Citigroup downgraded Weibo Corporation (NASDAQ:WB) on Thursday, October 29 to “Neutral” rating. Jefferies maintained the shares of WB in report on Tuesday, October 3 with “Buy” rating. The stock of Weibo Corporation (NASDAQ:WB) has “Buy” rating given on Tuesday, November 17 by TH Capital. The rating was downgraded by Goldman Sachs on Monday, May 16 to “Neutral”.

More notable recent Weibo Corporation (NASDAQ:WB) news were published by: Investorplace.com which released: “4 Chinese Stocks To Buy During the Tech Dip” on August 07, 2018, also Seekingalpha.com with their article: “Weibo +2.4% on Q2 beats, MAU and DAU growth” published on August 08, 2018, Seekingalpha.com published: “Weibo: A Falling Knife?” on August 09, 2018. More interesting news about Weibo Corporation (NASDAQ:WB) were released by: Nasdaq.com and their article: “Chinese Stocks in a Trade War: JD.Com and Weibo” published on July 16, 2018 as well as Nasdaq.com‘s news article titled: “China Internet Stocks Are Now Dramatically Undervalued” with publication date: July 31, 2018.

Investors sentiment decreased to 1.48 in 2018 Q1. Its down 0.33, from 1.81 in 2017Q4. It turned negative, as 27 investors sold WB shares while 68 reduced holdings. 40 funds opened positions while 101 raised stakes. 37.95 million shares or 4.49% more from 36.32 million shares in 2017Q4 were reported. Royal Commercial Bank Of Canada owns 181,050 shares. Hwg Lp stated it has 157 shares or 0.02% of all its holdings. Canada Pension Plan Inv Board, a Ontario – Canada-based fund reported 630 shares. Boothbay Fund Ltd Com holds 6,543 shares. Deutsche Savings Bank Ag reported 0.03% stake. Marietta Invest Ptnrs Lc reported 0.47% of its portfolio in Weibo Corporation (NASDAQ:WB). Wellington Mgmt Group Ltd Liability Partnership holds 2.82 million shares or 0.08% of its portfolio. Wealthtrust holds 0.05% or 770 shares. 2,220 are owned by Pinnacle Prtn Inc. Oppenheimer Asset accumulated 0.11% or 37,804 shares. Blackrock invested 0.02% in Weibo Corporation (NASDAQ:WB). 123,570 are held by Geode Cap Management Limited Co. Profund Advsr Ltd holds 7,744 shares or 0.04% of its portfolio. Wetherby Asset Management reported 0.04% in Weibo Corporation (NASDAQ:WB). Essex Management Co Limited reported 0.15% of its portfolio in Weibo Corporation (NASDAQ:WB).

Mirae Asset Global Investments, which manages about $4.74B and $7.64 billion US Long portfolio, upped its stake in Tyson Foods Inc (NYSE:TSN) by 56,818 shares to 68,682 shares, valued at $5.03 million in 2018Q1, according to the filing. It also increased its holding in Check Point Software Tech Lt (NASDAQ:CHKP) by 3,074 shares in the quarter, for a total of 23,913 shares, and has risen its stake in Ishares Tr.

CSG Systems International, Inc. (NASDAQ:CSGS) Institutional Positions Chart

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