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Fabrinet sees key investor pullback as Premier Fund and Artisan Partners reduce holdings, despite Vanguard's increase.
Premier Fund Managers Ltd reduced its holdings in Fabrinet (NYSE:FN) by 12.3% in Q4, while Vanguard Group Inc. increased its ownership by 2.8%.
Artisan Partners Limited Partnership also reduced its holdings by 9.7%, selling 41,612 shares.
Fabrinet's stock has a "Hold" rating, and the company reported earnings per share of $2.38, slightly below expectations.
The company provides optical packaging and manufacturing services and has a market cap of $7.51 billion.
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Fabrinet ve un retroceso del inversor clave mientras Premier Fund y Artisan Partners reducen sus participaciones, a pesar del aumento de Vanguard.