Zacks reiterated their neutral rating on shares of Regions Financial Corp (NYSE:RF) in a research report released on Monday morning. Zacks currently has a $11.00 price objective on the stock. Regions Financial Corporation (NYSE:RF) belongs to Financial sector. Its net profit margin is 30.50% and weekly performance is 3.33%. On last trading day company shares ended up $10.54. Regions Financial Corporation (NYSE:RF) distance from 50-day simple moving average (SMA50) is 4.27%.
Azentus Capital Management is one of Hong Kong’s largest hedge funds. Managed by Morgan Sze, the fund had the best returns since inception in 2013. Last quarter, Mr. Sze placed his largest bet on Micron Technology Inc (NASDAQ:MU), which displaced Twenty-First Century Fox Inc (NASDAQ:FOX). The $34.71 billion market cap semiconductor manufacturer saw the fund boost its exposure by 52% over the quarter, to 1.08 million shares of Common Stock, worth more $35 million. Micron Technology, Inc. (NASDAQ:MU) shares advanced 1.56% in last trading session and ended the day at $32.48. MU Gross Margin is 31.80% and its return on assets is 18.00%. Micron Technology, Inc. (NASDAQ:MU) quarterly performance is 1.31%.
Costco Wholesale Corporation (NASDAQ:COST), which will stop accepting American Express Co cards in Canada beginning in the new year, will be partnering with Capital One Financial Corp, the credit card issuer said on Thursday. Members can sign up for a co-branded Platinum MasterCard, Capital One said in a statement, adding that MasterCard Canada has also entered into an agreement with Costco Canada to open credit card acceptance to MasterCard cardholders. Costco Wholesale Corporation (NASDAQ:COST) belongs to Services sector. Its net profit margin is 1.80% and weekly performance is 0.25%. On last trading day company shares ended up $126.48. Costco Wholesale Corporation (NASDAQ:COST) distance from 50-day simple moving average (SMA50) is 5.06%.
Hornbeck Offshore Services, Inc. (NYSE:HOS) announced on 30 July 2014 results for the second quarter ended June 30, 2014. Following are highlights for this period and the Company’s future outlook: 2Q2014 Upstream revenue and EBITDA set new quarterly highs on the strength of fleet growth and record MPSV dayrates. 2Q2014 Upstream revenue of $171.1 million increased $34.5 million, or 25%, over 1Q2014. 2Q2014 Upstream diluted EPS of $0.85 increased $0.54, or 174%, over 1Q2014. 2Q2014 Upstream EBITDA of $84.3 million increased $30.0 million, or 55%, over 1Q2014. 2Q2014 utilization of the 56-vessel new gen OSV fleet was 86% compared to 88% a year-ago and 75% sequentially. 2Q2014 high-spec OSV effective utilization was 90% compared to 98% a year-ago and 76% sequentially. 2Q2014 MPSV effective utilization was 100% compared to 99% a year-ago and 85% sequentially. First nine HOSMAX OSVs have been placed in-service with three more newbuild deliveries expected by the end of 3Q2014. OSV Newbuild Program #5 remains 98% on-time and on-budget. HOS Achiever now contracted to provide flotel services to a major oil company in the GoM through 3Q2015. Contract backlog for new gen OSV vessel-days is currently at 61% and 25% for 2H2014 and fiscal 2015, respectively. Contract backlog for MPSV vessel-days is currently at 69% and 20% for 2H2014 and fiscal 2015, respectively. Company remains optimistic about a gradual GoM market improvement over the remainder of 2014 and into 2015. Hornbeck Offshore Services, Inc. (NYSE:HOS) ended the last trading day at $39.43. Company weekly volatility is calculated as 1.82% and price to cash ratio as 5.42. Hornbeck Offshore Services, Inc. (NYSE:HOS) showed a weekly performance of 0.74%.
National General Holdings Corp. (NASDAQ:NGHC) on 15 August 2014 announced the closing of the Tower Personal Lines transaction. This follows the closing of the acquisition of Tower Group International, Ltd. (TWGP) by ACP Re, Ltd. (ACP Re). Acquired the rights for new and renewal business for the Tower Personal Lines Insurance Operations, which produced $433.1 million in gross written premiums in 2013. Acquired the Attorney-in-Facts that manage two Reciprocal Exchanges (Adirondack Insurance Exchange and New Jersey Skylands Insurance Association) which produced $223.0 million of gross written premiums in 2013. Has had access to the Tower Personal Lines book under the Cut-Through Reinsurance Agreement, which was effective as of January 1, 2014. National General Holdings Corp. (NASDAQ:NGHC) shares advanced 1.08% in last trading session and ended the day at $17.73. NGHC return on assets is 2.40%. National General Holdings Corp. (NASDAQ:NGHC) quarterly performance is 2.84%.