Mountain Lake Investment Management Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Mountain Lake Investment Management reduced its stake in Oracle Corporation by 5.0% during the most recent quarter end. The investment management company now holds a total of 285,000 shares of Oracle Corporation which is valued at $11,710,650 after selling 15,000 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Oracle Corporation makes up approximately 6.81% of Mountain Lake Investment Management’s portfolio.

Other Hedge Funds, Including , Barrow Hanley Mewhinney Strauss boosted its stake in ORCL in the latest quarter, The investment management firm added 14,500 additional shares and now holds a total of 36,227,871 shares of Oracle Corporation which is valued at $1,495,486,515. Oracle Corporation makes up approx 2.20% of Barrow Hanley Mewhinney Strauss’s portfolio.Cable Hill Partners reduced its stake in ORCL by selling 365 shares or 14.61% in the most recent quarter. The Hedge Fund company now holds 2,134 shares of ORCL which is valued at $87,771. Oracle Corporation makes up approx 0.06% of Cable Hill Partners’s portfolio.Northeast Investment Management reduced its stake in ORCL by selling 1,318 shares or 9.19% in the most recent quarter. The Hedge Fund company now holds 13,022 shares of ORCL which is valued at $530,126. Oracle Corporation makes up approx 0.05% of Northeast Investment Management’s portfolio.Proficio Capital Partners boosted its stake in ORCL in the latest quarter, The investment management firm added 963 additional shares and now holds a total of 3,016 shares of Oracle Corporation which is valued at $123,777. Oracle Corporation makes up approx 0.08% of Proficio Capital Partners’s portfolio.

Oracle Corporation closed down -0.06 points or -0.15% at $41.16 with 1,06,52,531 shares getting traded on Thursday. Post opening the session at $40.98, the shares hit an intraday low of $40.78 and an intraday high of $41.26 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Oracle Corporation reported $0.81 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 16, 2016. Analyst had a consensus of $0.82. The company had revenue of $10596.00 million for the quarter, compared to analysts expectations of $10458.54 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Oracle Corporation. Rosenblatt Initiated Oracle Corporation on Aug 8, 2016 to “Buy”, Price Target of the shares are set at $48.Company shares were Upgraded by BMO Capital Markets on Jul 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .Oracle Corporation was Upgraded by JP Morgan to ” Neutral” on Jun 29, 2016.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

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