Camelot Portfolios LLC Acquires 2,550 Shares of Flex Ltd (NASDAQ:FLEX)
Camelot Portfolios LLC raised its holdings in shares of Flex Ltd (NASDAQ:FLEX) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,000 shares of the technology company’s stock after acquiring an additional 2,550 shares during the period. Camelot Portfolios LLC’s holdings in Flex were worth $209,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of FLEX. Steward Partners Investment Advisory LLC bought a new stake in shares of Flex in the 2nd quarter valued at $25,000. Shine Investment Advisory Services Inc. boosted its stake in shares of Flex by 33.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 4,071 shares of the technology company’s stock worth $39,000 after buying an additional 1,024 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Flex during the 2nd quarter worth about $40,000. Point72 Asset Management L.P. acquired a new position in shares of Flex during the 2nd quarter worth about $40,000. Finally, Advisor Group Inc. boosted its stake in shares of Flex by 21.3% during the 2nd quarter. Advisor Group Inc. now owns 15,425 shares of the technology company’s stock worth $147,000 after buying an additional 2,711 shares during the last quarter. Institutional investors own 93.69% of the company’s stock.
A number of research firms have recently commented on FLEX. BidaskClub downgraded shares of Flex from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. ValuEngine downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 4th. Finally, Zacks Investment Research upgraded shares of Flex from a “strong sell” rating to a “hold” rating and set a $8.75 price objective for the company in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.19.
Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, July 25th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.11). Flex had a net margin of 0.09% and a return on equity of 0.73%. The firm had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts expect that Flex Ltd will post 0.49 earnings per share for the current fiscal year.
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.
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