Endurance Wealth Management INC Has Lowered Stake in Finisar Corp Com New (FNSR) by $5.56 Million as Stock Value Declined

April 17, 2018 - By Stephen Andrade

Finisar Corporation (NASDAQ:FNSR) LogoInvestors sentiment decreased to 0.98 in 2017 Q4. Its down 0.28, from 1.26 in 2017Q3. It dived, as 52 investors sold FNSR shares while 60 reduced holdings. 36 funds opened positions while 74 raised stakes. 101.05 million shares or 0.55% more from 100.50 million shares in 2017Q3 were reported. Css Ltd Liability Corp Il reported 15,122 shares. Canada Pension Plan Board accumulated 328,670 shares or 0.01% of the stock. Ameritas Investment Partners Inc holds 0.01% or 9,795 shares. Fmr Ltd Limited Liability Company owns 621,450 shares or 0% of their US portfolio. Exane Derivatives reported 0.1% stake. Palisade Capital Ltd Liability Nj holds 0.01% or 14,000 shares. Stifel holds 0% or 57,317 shares. Solutions Lc has 0% invested in Finisar Corporation (NASDAQ:FNSR) for 287 shares. Group One Trading Limited Partnership holds 0.02% or 133,531 shares in its portfolio. Advisors Management Lc holds 0.2% in Finisar Corporation (NASDAQ:FNSR) or 122,462 shares. Washington-based Parametric Portfolio Associate Llc has invested 0.02% in Finisar Corporation (NASDAQ:FNSR). Supplemental Annuity Collective Of Nj holds 0.26% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 30,000 shares. Ardsley Advisory Ptnrs invested 0.04% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Deutsche Bancshares Ag, Germany-based fund reported 285,848 shares. Aqr Capital Mgmt Ltd Liability Com has invested 0% in Finisar Corporation (NASDAQ:FNSR).

Since December 13, 2017, it had 0 buys, and 6 sales for $1.80 million activity. Colyar Mark also sold $37,478 worth of Finisar Corporation (NASDAQ:FNSR) shares. RAWLS JERRY S had sold 30,209 shares worth $541,998. 20,025 Finisar Corporation (NASDAQ:FNSR) shares with value of $443,554 were sold by Adzema Kurt. CLARK JOHN H also sold $154,031 worth of Finisar Corporation (NASDAQ:FNSR) on Wednesday, December 13.

Endurance Wealth Management Inc decreased its stake in Finisar Corp Com New (FNSR) by 99.57% based on its latest 2017Q4 regulatory filing with the SEC. Endurance Wealth Management Inc sold 277,984 shares as the company’s stock declined 26.60% with the market. The institutional investor held 1,200 shares of the semiconductors company at the end of 2017Q4, valued at $24,000, down from 279,184 at the end of the previous reported quarter. Endurance Wealth Management Inc who had been investing in Finisar Corp Com New for a number of months, seems to be less bullish one the $1.85B market cap company. The stock increased 3.07% or $0.48 during the last trading session, reaching $16.1. About 860,441 shares traded. Finisar Corporation (NASDAQ:FNSR) has declined 45.10% since April 17, 2017 and is downtrending. It has underperformed by 56.65% the S&P500.

Endurance Wealth Management Inc, which manages about $847.31 million and $622.47M US Long portfolio, upped its stake in Nxp Semiconductors N V Com (NASDAQ:NXPI) by 54,075 shares to 54,775 shares, valued at $6.41 million in 2017Q4, according to the filing.

Analysts await Finisar Corporation (NASDAQ:FNSR) to report earnings on June, 21. They expect $0.12 earnings per share, down 71.43 % or $0.30 from last year’s $0.42 per share. FNSR’s profit will be $13.77 million for 33.54 P/E if the $0.12 EPS becomes a reality. After $0.02 actual earnings per share reported by Finisar Corporation for the previous quarter, Wall Street now forecasts 500.00 % EPS growth.

Finisar Corporation (NASDAQ:FNSR) Ratings Coverage

Among 14 analysts covering Finisar Corp (NASDAQ:FNSR), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Finisar Corp has $35.0 highest and $1500 lowest target. $21.50’s average target is 33.54% above currents $16.1 stock price. Finisar Corp had 30 analyst reports since October 23, 2017 according to SRatingsIntel. As per Monday, March 19, the company rating was maintained by Northland Capital. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Buy” rating by Craig Hallum on Thursday, December 14. The stock has “Neutral” rating by B. Riley & Co on Wednesday, November 29. The rating was downgraded by Raymond James on Monday, March 5 to “Outperform”. The rating was maintained by Jefferies with “Buy” on Friday, February 2. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Buy” rating by Needham on Monday, January 29. As per Monday, January 15, the company rating was downgraded by Goldman Sachs. As per Thursday, April 5, the company rating was upgraded by Morgan Stanley. Needham downgraded the shares of FNSR in report on Monday, December 4 to “Buy” rating. The firm has “Buy” rating given on Wednesday, November 1 by Jefferies.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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