Whale Rock Capital Management Has Cut Mercadolibre (MELI) Holding by $13.38 Million; Market Valuation Declined; As Mgic Invt Wis (MTG) Market Value Declined, Holder Anchor Capital Advisors Cut Position

August 12, 2018 - By Billy Entrekin

MGIC Investment Corporation (NYSE:MTG) Logo

Anchor Capital Advisors Llc decreased its stake in Mgic Invt Corp Wis (MTG) by 52.48% based on its latest 2018Q1 regulatory filing with the SEC. Anchor Capital Advisors Llc sold 36,698 shares as the company’s stock declined 26.95% with the market. The hedge fund held 33,232 shares of the property-casualty insurers company at the end of 2018Q1, valued at $432,000, down from 69,930 at the end of the previous reported quarter. Anchor Capital Advisors Llc who had been investing in Mgic Invt Corp Wis for a number of months, seems to be less bullish one the $4.56 billion market cap company. The stock decreased 0.16% or $0.02 during the last trading session, reaching $12.59. About 1.19 million shares traded. MGIC Investment Corporation (NYSE:MTG) has declined 2.69% since August 12, 2017 and is downtrending. It has underperformed by 15.26% the S&P500. Some Historical MTG News: 18/04/2018 – Mortgage Insurers Fall as MGIC’s Results Leave Investors Rattled; 04/04/2018 – MGIC Announces Promotions; 18/04/2018 – MGIC INVESTMENT CORP – NET PREMIUMS WRITTEN FOR THE QUARTER WERE $236.9 MILLION, COMPARED TO $236.7 MILLION FOR THE SAME PERIOD LAST YEAR; 18/04/2018 – MGIC INVESTMENT CORP – AS OF MARCH 31, 2018, CO HAD APPROXIMATELY $585.7 MLN OF NET OPERATING LOSSES FOR TAX PURPOSES; 09/04/2018 – MGIC MARCH ENDING PRIMARY DELINQUENCY INVENTORY DOWN 9.1%; 19/04/2018 – DJ MGIC Investment Corporation, Inst Holders, 1Q 2018 (MTG); 09/04/2018 – MGIC REPORTS REDUCED BORROWER-PAID PREMIUM RATES; 18/04/2018 – MGIC 1Q NET OPER EPS 38C; 22/05/2018 – MGIC Presenting at Conference May 31; 08/03/2018 – MGIC Investment Corporation Releases Monthly Operating Statistics

Whale Rock Capital Management Llc decreased its stake in Mercadolibre Inc (MELI) by 11.26% based on its latest 2018Q1 regulatory filing with the SEC. Whale Rock Capital Management Llc sold 37,596 shares as the company’s stock declined 19.83% with the market. The hedge fund held 296,243 shares of the miscellaneous company at the end of 2018Q1, valued at $105.58M, down from 333,839 at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Mercadolibre Inc for a number of months, seems to be less bullish one the $16.44B market cap company. The stock decreased 3.13% or $12.04 during the last trading session, reaching $372.35. About 966,287 shares traded or 11.19% up from the average. MercadoLibre, Inc. (NASDAQ:MELI) has risen 7.62% since August 12, 2017 and is uptrending. It has underperformed by 4.95% the S&P500.

Anchor Capital Advisors Llc, which manages about $8.51B and $2.87 billion US Long portfolio, upped its stake in Helen Of Troy Corp Ltd (NASDAQ:HELE) by 3,498 shares to 163,419 shares, valued at $14.22M in 2018Q1, according to the filing. It also increased its holding in Boston Scientific Corp (NYSE:BSX) by 664,851 shares in the quarter, for a total of 1.46M shares, and has risen its stake in Everest Re Group Ltd (NYSE:RE).

Among 14 analysts covering MGIC Investment Corp. (NYSE:MTG), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. MGIC Investment Corp. had 56 analyst reports since August 12, 2015 according to SRatingsIntel. On Thursday, April 19 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Keefe Bruyette & Woods maintained it with “Buy” rating and $17.5 target in Thursday, December 21 report. Deutsche Bank upgraded MGIC Investment Corporation (NYSE:MTG) on Monday, December 12 to “Buy” rating. The stock of MGIC Investment Corporation (NYSE:MTG) earned “Buy” rating by BTIG Research on Wednesday, October 18. The company was downgraded on Wednesday, June 13 by Bank of America. On Friday, January 22 the stock rating was maintained by FBR Capital with “Mkt Perform”. The firm has “Buy” rating by B. Riley & Co given on Tuesday, April 10. The rating was maintained by Compass Point on Wednesday, August 12 with “Buy”. Deutsche Bank upgraded MGIC Investment Corporation (NYSE:MTG) on Monday, January 8 to “Buy” rating. The firm has “Neutral” rating given on Wednesday, April 20 by Compass Point.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.44, from 1.32 in 2017Q4. It worsened, as 38 investors sold MTG shares while 100 reduced holdings. 35 funds opened positions while 87 raised stakes. 331.27 million shares or 1.30% less from 335.64 million shares in 2017Q4 were reported. 830,621 are owned by Teewinot Advisers Ltd Liability. Highlander Mgmt Ltd Com reported 0.85% in MGIC Investment Corporation (NYSE:MTG). Macquarie Gp Ltd owns 0.11% invested in MGIC Investment Corporation (NYSE:MTG) for 4.73M shares. Sei Invests owns 286,209 shares. Salem Invest Counselors Inc invested in 0% or 1,525 shares. Systematic Fincl Mngmt Lp reported 102,740 shares stake. The California-based Tcw Grp Incorporated has invested 0% in MGIC Investment Corporation (NYSE:MTG). Sva Plumb Wealth Management Limited Liability Corp holds 0.03% or 16,830 shares in its portfolio. National Bank Of Montreal Can, a Ontario – Canada-based fund reported 454,981 shares. Rhumbline Advisers reported 417,580 shares. Putnam Invests has 0% invested in MGIC Investment Corporation (NYSE:MTG) for 44,100 shares. Sadoff Mngmt Ltd Limited Liability Company holds 2.67% or 2.43M shares. Legg Mason Asset (Japan) stated it has 0.83% in MGIC Investment Corporation (NYSE:MTG). Victory invested in 0.13% or 4.75M shares. Qs Limited Liability Corp owns 0.09% invested in MGIC Investment Corporation (NYSE:MTG) for 677,491 shares.

Analysts await MGIC Investment Corporation (NYSE:MTG) to report earnings on October, 17. They expect $0.36 earnings per share, up 12.50% or $0.04 from last year’s $0.32 per share. MTG’s profit will be $130.39 million for 8.74 P/E if the $0.36 EPS becomes a reality. After $0.49 actual earnings per share reported by MGIC Investment Corporation for the previous quarter, Wall Street now forecasts -26.53% negative EPS growth.

Another recent and important MGIC Investment Corporation (NYSE:MTG) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights EOG Resources, Zimmer Biomet, MGIC Investment, EPR Properties, Guess?, and …” on August 10, 2018.

Since May 22, 2018, it had 2 insider purchases, and 0 sales for $15.44 million activity.

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.06, from 0.93 in 2017Q4. It increased, as 36 investors sold MELI shares while 117 reduced holdings. 51 funds opened positions while 100 raised stakes. 36.77 million shares or 0.15% more from 36.71 million shares in 2017Q4 were reported. Prince Street Capital Mngmt Ltd Company holds 1.14% or 17,000 shares in its portfolio. Stephens Ar stated it has 0.03% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). World Investors has 0.19% invested in MercadoLibre, Inc. (NASDAQ:MELI). Jane Street Gru Llc reported 4,594 shares. Parkside Finance Bancorporation Trust, Missouri-based fund reported 36 shares. Tarbox Family Office stated it has 0% in MercadoLibre, Inc. (NASDAQ:MELI). Gilder Gagnon Howe Co Limited Liability Company holds 0.6% or 136,291 shares. Sustainable Growth Advisers LP has 158,111 shares. Arrowstreet LP accumulated 12,900 shares. Profund Ltd Company accumulated 2,448 shares. 44,557 are owned by Aqr Management Ltd Liability. Da Davidson & Com has 1,426 shares for 0.01% of their portfolio. 11,945 were accumulated by Nomura Asset Limited. Walleye Trading Limited Com has invested 0.02% in MercadoLibre, Inc. (NASDAQ:MELI). First Lp owns 19,049 shares.

More notable recent MercadoLibre, Inc. (NASDAQ:MELI) news were published by: Globenewswire.com which released: “MercadoLibre, Inc. Reports Second Quarter 2018 Financial Results” on August 08, 2018, also Seekingalpha.com with their article: “MercadoLibre Is Volatile But There Is Opportunity (Video)” published on July 16, 2018, Seekingalpha.com published: “MercadoLibre (MELI) Q2 2018 Results – Earnings Call Transcript” on August 09, 2018. More interesting news about MercadoLibre, Inc. (NASDAQ:MELI) were released by: Nasdaq.com and their article: “Why Yelp, MercadoLibre, and Worldpay Jumped Today” published on August 09, 2018 as well as Fool.com‘s news article titled: “Can MercadoLibre Stock Keep Going After Last Week’s 14% Pop?” with publication date: July 23, 2018.

Whale Rock Capital Management Llc, which manages about $1.16 billion and $2.94B US Long portfolio, upped its stake in Ringcentral Inc (NYSE:RNG) by 685,868 shares to 1.43 million shares, valued at $90.77M in 2018Q1, according to the filing. It also increased its holding in Zendesk Inc (NYSE:ZEN) by 110,547 shares in the quarter, for a total of 1.92 million shares, and has risen its stake in Monolithic Pwr Sys Inc (NASDAQ:MPWR).

MercadoLibre, Inc. (NASDAQ:MELI) Institutional Positions Chart

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