Oclaro Inc (NASDAQ:OCLR) Shifting Institutional Investors Sentiment


Oclaro Inc (NASDAQ:OCLR) Shifting Institutional Investors Sentiment

BlackRock Inc. now owns 16,827,106 shares of the semiconductor company's stock valued at $157,166,000 after buying an additional 9,177,551 shares during the period.

A number of other large investors have also recently made changes to their positions in OCLR.

Geode Capital Management LLC boosted its position in shares of Oclaro, Inc. Ameriprise Financial Inc. increased its position in shares of Oclaro by 77.5% in the first quarter. Russell Investments Group Ltd. now owns 267,258 shares of the semiconductor company's stock worth $2,624,000 after buying an additional 31,367 shares during the period. Geode Capital Management LLC owned approximately 1.05% of Oclaro worth $17,173,000 as of its most recent SEC filing. Legato Capital Management LLC purchased a new stake in shares of Oclaro during the second quarter worth about $417,000. The outstanding shares for Oclaro, Inc.is 181.64, along with a floating outstanding shares of 159.05. Marvin & Palmer Associates Inc owns 732,400 shares or 5.59% of their United States portfolio. (NASDAQ:OCLR) traded down 4.26% during midday trading on Thursday, hitting $8.32. Closing price generally refers to the last price at which a stock trades during a regular trading session. Current trade price levels places OCLR's stock about -23.10% away from the 52-week high and closed 42.23% away from the 52-week low.

Market capitalization of 1.52B shares for the company helps traders interpret the size of Oclaro, Inc., acting as the basic determinant for numerous important characteristics that affects an investment decision. The Coca-Cola Company (NYSE:KO), at its latest closing price of $45.59, it has a price-to-book ratio of 8.85, compared to an industry average at 3.27.

Oclaro (NASDAQ:OCLR) last announced its earnings results on Wednesday, August 2nd. Previously Century Aluminum C (NASDAQ:CENX) reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $-0.21 with surprise factor of -95.5%.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The business had revenue of $149.38 million during the quarter, compared to analysts' expectations of $148.04 million. Next quarter's EPS is estimated at $0.19 with next year's EPS projected to be $0.82. The company's revenue was up 19.3% compared to the same quarter a year ago.

Shares of Oclaro Inc (NASDAQ:OCLR) now have an Average Brokerage Recommendation of 1, number of Recs in ABR is 10 while industry rank of the company by ABR is 42 out of 265.

COPYRIGHT VIOLATION NOTICE: This report was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another domain, it was copied illegally and republished in violation of global trademark and copyright legislation. (OCLR). A frequently used tool among technical stock analysts is the moving average. Zacks Investment Research lowered shares of Oclaro from a "hold" rating to a "sell" rating in a report on Wednesday. MKM Partners reaffirmed a "buy" rating and set a $10.50 price target (down from $12.00) on shares of Oclaro in a research report on Thursday, May 4th. DA Davidson initiated coverage on Oclaro in a report on Thursday, June 22nd. The most optimistic analyst sees the stock reaching $14 while the most conventional has $11.75 target price. Cowen and Company reiterated an "outperform" rating and issued a $14.00 target price (up from $13.00) on shares of Oclaro in a report on Thursday, August 3rd. ValuEngine downgraded shares of Oclaro from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $12.64 on the stock, this valuation is based on 11 number of opinions. The average volume stands around 9.34 million shares.

Institutional owners hold 48.10% stake while Insiders ownership held at 1.50% in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Following the completion of the sale, the executive vice president now owns 183,460 shares of the company's stock, valued at $1,682,328.20. The disclosure for this sale can be found here.

Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets.