As Applied Matls (AMAT) Market Value Rose, Shareholder Origin Asset Management Llp Has Upped Stake; As Scorpio Tankers (STNG) Valuation Declined, Shareholder Solus Alternative Asset Management LP Upped Stake

January 18, 2018 - By Marie Mckinney

Origin Asset Management Llp increased its stake in Applied Matls Inc (AMAT) by 1.22% based on its latest 2017Q3 regulatory filing with the SEC. Origin Asset Management Llp bought 6,600 shares as the company’s stock rose 23.58% with the market. The institutional investor held 545,821 shares of the technology company at the end of 2017Q3, valued at $28.43 million, up from 539,221 at the end of the previous reported quarter. Origin Asset Management Llp who had been investing in Applied Matls Inc for a number of months, seems to be bullish on the $60.80 billion market cap company. The stock increased 0.37% or $0.22 during the last trading session, reaching $57.56. About 7.87M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since January 18, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Christopher Pucillo increased its stake in Scorpio Tankers Inc (STNG) by 465% based on its latest 2017Q3 regulatory filing with the SEC. Solus Alternative Asset Management Lp bought 5.81 million shares as the company’s stock declined 3.95% while stock markets rallied. The hedge fund run by Christopher Pucillo held 7.06M shares of the marine transportation company at the end of 2017Q3, valued at $24.22M, up from 1.25 million at the end of the previous reported quarter. Solus Alternative Asset Management Lp who had been investing in Scorpio Tankers Inc for a number of months, seems to be bullish on the $965.72 million market cap company. It closed at $3.06 lastly. It is down 23.80% since January 18, 2017 and is downtrending. It has underperformed by 40.50% the S&P500.

Since August 23, 2017, it had 0 insider buys, and 5 sales for $12.03 million activity. Salehpour Ali sold 125,125 shares worth $6.44 million. Nalamasu Omkaram also sold $2.83M worth of Applied Materials, Inc. (NASDAQ:AMAT) shares. Karsner Alexander sold $1.00 million worth of stock. 4,000 shares were sold by Forrest Stephen R, worth $214,680 on Wednesday, January 3.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 28 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Applied Materials Inc. had 109 analyst reports since August 4, 2015 according to SRatingsIntel. BNP Paribas upgraded the shares of AMAT in report on Thursday, March 31 to “Outperform” rating. On Thursday, August 13 the stock rating was upgraded by Zacks to “Sell”. The company was maintained on Tuesday, January 16 by FBR Capital. The stock has “Buy” rating by Morgan Stanley on Friday, July 7. Pacific Crest maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Tuesday, August 11. Pacific Crest has “Overweight” rating and $27 target. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Friday, May 27 by Stifel Nicolaus. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Monday, August 15 by Stifel Nicolaus. DA Davidson maintained the shares of AMAT in report on Monday, July 10 with “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Thursday, October 12. The firm earned “Neutral” rating on Friday, February 19 by B. Riley & Co.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.24, from 0.82 in 2017Q2. It is positive, as 40 investors sold AMAT shares while 325 reduced holdings. 123 funds opened positions while 263 raised stakes. 811.15 million shares or 1.86% less from 826.54 million shares in 2017Q2 were reported. Arcadia Inv Mngmt Mi holds 625 shares or 0.01% of its portfolio. Sound Shore Mngmt Ct holds 3.11M shares or 2.64% of its portfolio. Selz Cap Limited Liability Company owns 364,000 shares for 3.81% of their portfolio. Altfest L J And accumulated 17,923 shares. Ameriprise Financial has invested 0.28% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Growth Lp has invested 2.62% in Applied Materials, Inc. (NASDAQ:AMAT). Waddell Reed Finance Incorporated reported 5.95M shares. 268,188 are owned by Macquarie Gp. Comerica Secs accumulated 4,194 shares or 0.03% of the stock. Primecap Management Communication Ca owns 4.32 million shares or 0.19% of their US portfolio. Public Employees Retirement Sys Of Ohio holds 968,797 shares or 0.26% of its portfolio. Gargoyle Inv Advisor Limited Liability Corp invested in 45,700 shares. 4,647 were accumulated by Trexquant Investment L P. X Mgmt Com Ltd Limited Liability Company reported 12,047 shares. 505,017 are owned by Davis Selected Advisers.

Origin Asset Management Llp, which manages about $2.70B and $1.63B US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 2,900 shares to 124,959 shares, valued at $13.15 million in 2017Q3, according to the filing. It also reduced its holding in Align Technology Inc (NASDAQ:ALGN) by 46,200 shares in the quarter, leaving it with 150,516 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

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