Larson Financial Group LLC raised its stake in shares of Credo Technology Group Holding Ltd ( NASDAQ:CRDO – Free Report ) by 240.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,982 shares of the company’s stock after purchasing an additional 1,399 shares during the period. Larson Financial Group LLC’s holdings in Credo Technology Group were worth $61,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors have also recently made changes to their positions in the company. Swedbank AB increased its position in Credo Technology Group by 873.9% in the third quarter. Swedbank AB now owns 3,300,314 shares of the company’s stock worth $101,650,000 after purchasing an additional 2,961,454 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Credo Technology Group by 22.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,993,968 shares of the company’s stock valued at $61,415,000 after buying an additional 368,518 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Credo Technology Group by 27.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,697,723 shares of the company’s stock valued at $54,225,000 after acquiring an additional 362,634 shares during the last quarter. Bank of New York Mellon Corp grew its position in Credo Technology Group by 62.7% in the second quarter. Bank of New York Mellon Corp now owns 654,773 shares of the company’s stock worth $20,913,000 after acquiring an additional 252,349 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Credo Technology Group by 20.5% during the second quarter. Millennium Management LLC now owns 1,470,970 shares of the company’s stock worth $46,983,000 after acquiring an additional 250,027 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock. Analysts Set New Price Targets Several research firms recently weighed in on CRDO. Craig Hallum increased their price target on Credo Technology Group from $30.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Bank of America raised their target price on shares of Credo Technology Group from $25.00 to $27.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Mizuho upped their price target on shares of Credo Technology Group from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Roth Mkm raised their price objective on shares of Credo Technology Group from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC upped their target price on Credo Technology Group from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.56. Insider Activity In other news, COO Yat Tung Lam sold 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $27.69, for a total value of $276,900.00. Following the completion of the transaction, the chief operating officer now directly owns 2,885,840 shares of the company’s stock, valued at approximately $79,908,909.60. The trade was a 0.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, CTO Chi Fung Cheng sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $32.06, for a total value of $1,763,300.00. Following the sale, the chief technology officer now directly owns 9,113,602 shares in the company, valued at approximately $292,182,080.12. The trade was a 0.60 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders sold 1,324,817 shares of company stock worth $43,552,936. 16.04% of the stock is currently owned by corporate insiders. Credo Technology Group Stock Performance Credo Technology Group stock opened at $48.96 on Friday. The company has a market capitalization of $8.13 billion, a PE ratio of -306.00 and a beta of 2.19. The company has a 50 day moving average price of $39.24 and a 200-day moving average price of $31.97. Credo Technology Group Holding Ltd has a fifty-two week low of $16.82 and a fifty-two week high of $51.40. Credo Technology Group ( NASDAQ:CRDO – Get Free Report ) last issued its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $59.71 million during the quarter, compared to analysts’ expectations of $59.50 million. Credo Technology Group had a negative return on equity of 3.74% and a negative net margin of 12.05%. On average, analysts forecast that Credo Technology Group Holding Ltd will post -0.02 earnings per share for the current year. Credo Technology Group Company Profile ( Free Report ) Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables. Featured Stories Want to see what other hedge funds are holding CRDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credo Technology Group Holding Ltd ( NASDAQ:CRDO – Free Report ). Receive News & Ratings for Credo Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credo Technology Group and related companies with MarketBeat.com's FREE daily email newsletter .Daiwa Securities Group Inc. grew its position in Southwest Airlines Co. ( NYSE:LUV – Free Report ) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,795 shares of the airline’s stock after purchasing an additional 4,074 shares during the period. Daiwa Securities Group Inc.’s holdings in Southwest Airlines were worth $1,149,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its holdings in shares of Southwest Airlines by 6,414.5% in the third quarter. Mizuho Securities USA LLC now owns 3,006,000 shares of the airline’s stock valued at $89,068,000 after acquiring an additional 2,959,857 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Southwest Airlines in the 2nd quarter valued at approximately $48,551,000. Canada Pension Plan Investment Board increased its stake in Southwest Airlines by 629.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,590,298 shares of the airline’s stock valued at $45,498,000 after buying an additional 1,372,305 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Southwest Airlines by 21.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,828,166 shares of the airline’s stock worth $166,742,000 after purchasing an additional 1,034,496 shares during the last quarter. Finally, Nuance Investments LLC acquired a new position in Southwest Airlines in the 2nd quarter valued at $21,573,000. Institutional investors own 80.82% of the company’s stock. Analyst Ratings Changes LUV has been the subject of a number of research reports. Evercore ISI raised shares of Southwest Airlines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $30.00 to $35.00 in a report on Tuesday, September 3rd. Jefferies Financial Group upgraded shares of Southwest Airlines from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $24.00 to $32.00 in a research report on Wednesday, October 9th. Bank of America began coverage on shares of Southwest Airlines in a research note on Monday, November 4th. They set a “neutral” rating and a $33.00 price objective on the stock. StockNews.com raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Finally, TD Cowen boosted their target price on shares of Southwest Airlines from $19.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Southwest Airlines currently has a consensus rating of “Hold” and a consensus target price of $30.25. Insiders Place Their Bets In other news, Director Rakesh Gangwal bought 643,788 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was purchased at an average price of $29.98 per share, with a total value of $19,300,764.24. Following the purchase, the director now owns 3,606,311 shares of the company’s stock, valued at $108,117,203.78. This trade represents a 21.73 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link . Also, major shareholder Elliott Investment Management sold 1,203,920 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $29.83, for a total value of $35,912,933.60. Following the sale, the insider now owns 59,912,580 shares of the company’s stock, valued at $1,787,192,261.40. The trade was a 1.97 % decrease in their position. The disclosure for this sale can be found here . 0.33% of the stock is owned by corporate insiders. Southwest Airlines Stock Performance NYSE:LUV opened at $32.36 on Friday. The company has a fifty day moving average of $30.94 and a two-hundred day moving average of $28.80. The stock has a market capitalization of $19.41 billion, a PE ratio of -462.29, a P/E/G ratio of 7.56 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.88. Southwest Airlines Co. has a fifty-two week low of $23.58 and a fifty-two week high of $35.18. Southwest Airlines ( NYSE:LUV – Get Free Report ) last announced its earnings results on Thursday, October 24th. The airline reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.10. Southwest Airlines had a negative net margin of 0.06% and a positive return on equity of 4.56%. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.77 billion. During the same quarter last year, the firm posted $0.38 earnings per share. Southwest Airlines’s revenue was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that Southwest Airlines Co. will post 0.75 earnings per share for the current fiscal year. Southwest Airlines Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, December 26th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, December 26th. This represents a $0.72 dividend on an annualized basis and a yield of 2.22%. Southwest Airlines’s payout ratio is currently -1,028.57%. Southwest Airlines Profile ( Free Report ) Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. Further Reading Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co. ( NYSE:LUV – Free Report ). Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter .
NEW YORK (AP) — The man charged with killing UnitedHealthcare CEO Brian Thompson was not a client of the medical insurer and may have targeted it because of its size and influence, a senior police official said Thursday. NYPD Chief of Detectives Joseph Kenny told NBC New York in an interview Thursday that investigators have uncovered evidence that Luigi Mangione had prior knowledge UnitedHealthcare was holding its annual investor conference in New York City. Mangione also mentioned the company in a note found in his possession when he was detained by police in Pennsylvania. “We have no indication that he was ever a client of United Healthcare, but he does make mention that it is the fifth largest corporation in America, which would make it the largest healthcare organization in America. So that’s possibly why he targeted that company,” said Kenny. UnitedHealthcare is in the top 20 largest U.S. companies by market capitalization but is not the fifth largest. It is the largest U.S. health insurer. Mangione remains jailed without bail in Pennsylvania, where he was arrested Monday after being spotted at a McDonald's in the city of Altoona, about 230 miles (about 370 kilometers) west of New York City. His lawyer there, Thomas Dickey, has said Mangione intends to plead not guilty. Dickey also said he has yet to see evidence decisively linking his client to the crime. Mangione's arrest came five days after the caught-on-camera killing of Thompson outside a Manhattan hotel. Police say the shooter waited outside the hotel, where the health insurer was holding its investor conference, early on the morning of Dec. 4. He approached Thompson from behind and shot him before fleeing on a bicycle through Central Park. Mangione is fighting attempts to extradite him back to New York so that he can face a murder charge in Thompson's killing. A hearing has been scheduled for Dec. 30. The 26-year-old, who police say was found with a “ ghost gun ” matching shell casings found at the site of the shooting, is charged in Pennsylvania with possession of an unlicensed firearm, forgery and providing false identification to police. Mangione is an Ivy League graduate from a prominent Maryland real estate family. In posts on social media, Mangione wrote about experiencing severe chronic back pain before undergoing a spinal fusion surgery in 2023. Afterward, he posted that the operation had been a success and that his pain had improved and mobility returned. He urged others to consider the same type of surgery. On Wednesday, police said investigators are looking at his writings about his health problems and his criticism of corporate America and the U.S. health care system . Kenny said in the NBC interview that Mangione's family reported him missing to San Francisco authorities in November.
Amber Heard Speaks Out on Blake Lively’s Complaint Against Justin Baldoni
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