D-E Shaw & Company INC Increases Stake in Flex LTD (FLEX)

Flex Ltd. (NASDAQ:FLEX) LogoInvestors sentiment decreased to 1.03 in Q2 2019. Its down 0.24, from 1.27 in 2019Q1. It dropped, as 29 investors sold FLEX shares while 84 reduced holdings. 43 funds opened positions while 73 raised stakes. 465.76 million shares or 1.10% less from 470.93 million shares in 2019Q1 were reported. Mitsubishi Ufj reported 0.01% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Credit Suisse Ag invested in 958,591 shares. 3,825 were reported by Whittier Trust Of Nevada. 11,264 are owned by Advisors Asset Mngmt. Brandes Investment Prtnrs LP reported 8.19 million shares or 1.75% of all its holdings. Aperio Gru Limited Liability, California-based fund reported 303,033 shares. Fukoku Mutual Life Ins owns 6,700 shares or 0.01% of their US portfolio. Panagora Asset Management has invested 0% in Flex Ltd. (NASDAQ:FLEX). Millennium Management Limited Company holds 0.01% or 383,894 shares. Us Bancorporation De reported 0% in Flex Ltd. (NASDAQ:FLEX). France-based Bnp Paribas Asset Management Hldgs Sa has invested 0% in Flex Ltd. (NASDAQ:FLEX). Johnson Inv Counsel Inc invested in 11,902 shares or 0% of the stock. Apg Asset Nv has 349,299 shares for 0.01% of their portfolio. Lateef Management Ltd Partnership reported 60,061 shares stake. Capital Inv Counsel invested in 0.06% or 17,340 shares.

D-E Shaw & Company Inc increased its stake in Flex Ltd (FLEX) by 7.59% based on its latest 2019Q2 regulatory filing with the SEC. D-E Shaw & Company Inc bought 1.22M shares as the company’s stock declined 2.45% . The hedge fund held 17.33M shares of the electrical products company at the end of 2019Q2, valued at $165.86 million, up from 16.11M at the end of the previous reported quarter. D-E Shaw & Company Inc who had been investing in Flex Ltd for a number of months, seems to be bullish on the $5.59B market cap company. The stock decreased 0.55% or $0.06 during the last trading session, reaching $10.86. About 1.96 million shares traded. Flex Ltd. (NASDAQ:FLEX) has declined 20.24% since September 13, 2018 and is downtrending. It has underperformed by 20.24% the S&P500.

D-E Shaw & Company Inc, which manages about $81.36 billion and $80.19B US Long portfolio, decreased its stake in Alliant Energy Corp (NYSE:LNT) by 207,040 shares to 160,750 shares, valued at $7.89M in 2019Q2, according to the filing. It also reduced its holding in Iqiyi Inc by 339,981 shares in the quarter, leaving it with 62,519 shares, and cut its stake in Commscope Hldg Co Inc (NASDAQ:COMM).

More notable recent Flex Ltd. (NASDAQ:FLEX) news were published by: Nasdaq.com which released: “Why Flex Ltd. Stock Fell 40% Last Month – Nasdaq” on November 10, 2018, also Nasdaq.com with their article: “Coworking firm Industrious raises $80 mln, sees profit in 2020 – Nasdaq” published on August 22, 2019, Nasdaq.com published: “Flex (FLEX) Q1 Earnings Match Estimates, Huawei Woes Linger – Nasdaq” on July 26, 2019. More interesting news about Flex Ltd. (NASDAQ:FLEX) were released by: Nasdaq.com and their article: “China’s Huawei seeks compensation from Flex over withheld goods – Nasdaq” published on August 06, 2019 as well as Nasdaq.com‘s news article titled: “Why Shares of Flex Ltd. Are Plummeting Today – Nasdaq” with publication date: October 26, 2018.

Flex Ltd. (NASDAQ:FLEX) Ratings Coverage

Among 2 analysts covering Flex (NASDAQ:FLEX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Flex has $1200 highest and $1100 lowest target. $11.50’s average target is 5.89% above currents $10.86 stock price. Flex had 4 analyst reports since April 12, 2019 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, May 29 by JP Morgan. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, June 6 report.

Flex Ltd. (NASDAQ:FLEX) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.