AREX Capital Management LP has purchased 120,000 shares of Flex Ltd.‍

According to the company's most recent 13F filing with the SEC, AREX Capital Management LP purchased a new holding in Flex Ltd. during the third quarter.

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The institutional investor spent around $1,990,000 to acquire 120,000 shares of the technology startup. Flex is held in the investment portfolio of AREX Capital Management LP, where it holds the 12th largest position and contributes around 1.3% of the total.

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In reaction to recent events, a number of hedge funds have made a range of adjustments to their positions in the firm.

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Creative Planning increased the percentage of Flex shares it owned by 0.4% during the third quarter.

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Creative Planning acquired 152,706 shares of the technology business during the most recent fiscal quarter, bringing the total value of these acquisitions to $2,544,000. Also, Creative Planning was a purchase of shares during the prior fiscal quarter. During the third quarter, SummerHaven Investment Management LLC boosted the proportion of Flex in its portfolio by 1.2% compared to the previous quarter. 

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SummerHaven Investment Management LLC now holds a total of 52,832 shares of the technology company's stock after the recent acquisition of 607 shares.

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The current worth of the company's stock is $880,000 due to the aggregate value of all of its shares.

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Nomura Asset Management Co Ltd grew its Flex stock holdings by 6.6% during the third quarter, the highest rise among its holdings. After acquiring the additional 620 shares during the prior quarter, Nomura Asset Management Co Ltd now owns a total of 10,020 shares of the technology company's stock valued at approximately $167,000.

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For the second quarter, the financial advising company Rehmann Capital Advisory Group boosted the percentage of Flex stock it had in its portfolio by 6.9%.

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Rehmann Capital Advisory Group acquired 710 extra shares of a technology company's stock in the most recent fiscal quarter, bringing its total to 11,058. These shares have a total value of $160,000.

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During the first quarter of 2018, SVB Wealth LLC boosted its Flex stock holdings by 6.2%.

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SVB Wealth LLC's holdings in the technology company's stock have climbed to 12,472 shares following the acquisition of 729 more shares over the relevant time period. When exchanged on the market, the current value of these shares is $232,000 (as of the close of trade today). The company's shares are owned by hedge funds and other sorts of institutional investors to the tune of 95.44%.

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Friday around noon, the price of NASDAQ: FLEX fell by $0.34, setting a new all-time low of $23.90.

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The volume of shares traded by the business was much lower than its average volume of 5,974,077 shares, which was 5,974,077. During the preceding twelve months, the share price of Flex Ltd fluctuated between $13.63 and $25.12 at various times.

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The company's simple moving average over the previous 50 days is $23.06, while its simple moving average over the previous 200 days is $20.17.

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The computed debt-to-equity ratio is 0.78, the calculated quick ratio is 0.68, and the calculated current ratio is 1.36.

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The business now has a market capitalization of $10.78 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.93, and a beta of 1.47.

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The most recent quarterly earnings report for Flex was released to the public on January 25.

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The IT company's quarterly earnings per share of $0.62 were $0.02 above the average forecast of $0.60 per share. The return on equity for Flex was 19.38%, while the net margin was 2.7%.

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The company's average quarterly revenue forecast was $7.51 billion, while actual sales were $7.76 billion, a substantial rise over the average forecast.

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During the same time as the previous year, the company earned $0.48 per share in earnings.

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The company's overall revenue increased by 17.2% compared to the prior fiscal year. According to forecasts made by industry analysts, the current fiscal year is predicted to yield profits per share of $2.07 for Flex Ltd.

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According to claims from other sources, Michael P. Hartung, an employee with detailed knowledge of the company, sold 1,728 shares of company stock on November 25, 2018.

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It was determined that the going rate for the stock was $21.00 per share and that a sale would be worth $36,288.00. The corporate insider now directly owns 123,481 shares of the company's stock after the completion of the transaction.

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These shares are worth $2,593,101 based on the current share price of $2,593,101. 

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Michael P. Hartung, a corporate employee with inside information, sold 1,896 shares on November 23. Each share was sold for $21.00, resulting in a total selling volume of $39,816.00.

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It was established that the average price of the shares was $21.00.

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Currently, the corporate insider is in possession of 125,209 shares with a value of about $2,629,389; the sale was disclosed to the public by a document submitted to the SEC and subsequently made accessible online by the SEC.

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In addition, Michael P. Hartung, an employee, sold 1,728 shares of company stock on November 25. The stock was sold for a total value of $36,288.00, with an average price per share of $21.00, which was the selling price.

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The company insider now directly owns 123,481 company stock after the completion of the transaction.

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The current share price provides the business insider an approximate total worth of $2,593,101.

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This area of the website may include disclosures associated with the transaction.

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During the most recent fiscal year, corporate insiders sold 36,000 shares of company stock, generating a total of $774,627 in income.

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Over 54% of the company's shares are held by "insiders," or those deemed to be a part of the organization.

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Several academic institutes have contributed to the understanding of FLEX through the publication of studies on the subject.

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The "buy" recommendation issued to Flex was reduced to a "hold" rating, according to a research report released on December 28 by StockNews.com. Citigroup upped its rating on Flex's stock from "neutral" to "buy" and increased its price target from $23.00 to $28.00 in research released on Friday, January 27.

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Moreover, they boosted their price objective for the company from $23 to $28. Just one of the experts recommends owners keep their present holdings, while the other four have assigned the stock a buy recommendation.

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Trade Algo reports that the current consensus rating for Flex is "Moderate Buy," and the average price target for the company is $23.75.

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