Cim Investment Mangement Has Upped Its Costco Wholesale (COST) Stake by $1.23 Million; Vertex One Asset Management Position in Microsoft (MSFT) Decreased by $481,000 as Valuation Rose

February 20, 2018 - By John Mackenzie

John Thiessen decreased its stake in Microsoft Corp (MSFT) by 41.94% based on its latest 2017Q3 regulatory filing with the SEC. Vertex One Asset Management Inc sold 6,500 shares as the company’s stock rose 4.75% with the market. The hedge fund run by John Thiessen held 9,000 shares of the prepackaged software company at the end of 2017Q3, valued at $670,000, down from 15,500 at the end of the previous reported quarter. Vertex One Asset Management Inc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $715.70 billion market cap company. The stock increased 1.03% or $0.95 during the last trading session, reaching $92.95. About 13.49 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 20, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Cim Investment Mangement Inc increased its stake in Costco Wholesale Corp (COST) by 233.62% based on its latest 2017Q3 regulatory filing with the SEC. Cim Investment Mangement Inc bought 7,504 shares as the company’s stock rose 1.54% with the market. The institutional investor held 10,716 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $1.76 million, up from 3,212 at the end of the previous reported quarter. Cim Investment Mangement Inc who had been investing in Costco Wholesale Corp for a number of months, seems to be bullish on the $83.22B market cap company. The stock decreased 1.07% or $2.04 during the last trading session, reaching $189.52. About 1.15 million shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since February 20, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

Among 32 analysts covering Costco Wholesale (NASDAQ:COST), 22 have Buy rating, 0 Sell and 10 Hold. Therefore 69% are positive. Costco Wholesale had 121 analyst reports since August 24, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Costco Wholesale Corporation (NASDAQ:COST) on Wednesday, August 2 with “Buy” rating. The firm has “Buy” rating given on Wednesday, January 24 by BMO Capital Markets. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Monday, May 16 by Deutsche Bank. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 16 report. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 6. The rating was maintained by Telsey Advisory Group on Thursday, October 1 with “Outperform”. The firm has “Market Perform” rating given on Tuesday, October 18 by Wells Fargo. The firm has “Buy” rating by UBS given on Monday, October 26. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Friday, October 2 by Sterne Agee CRT. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Cowen & Co on Monday, June 19.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.09, from 1.28 in 2017Q2. It is negative, as 69 investors sold COST shares while 383 reduced holdings. 103 funds opened positions while 433 raised stakes. 304.48 million shares or 2.26% less from 311.53 million shares in 2017Q2 were reported. Employees Retirement Systems Of Ohio invested 0.26% in Costco Wholesale Corporation (NASDAQ:COST). Personal Cap Corp holds 180,781 shares. Thrivent Financial For Lutherans reported 0.01% stake. Bnp Paribas Asset Hldgs Sa accumulated 290,341 shares or 0.4% of the stock. Comerica Retail Bank invested in 137,000 shares or 0.16% of the stock. Mackenzie Financial holds 0.98% in Costco Wholesale Corporation (NASDAQ:COST) or 1.11 million shares. Patten Patten Incorporated Tn reported 57,059 shares. Mcf Advsrs Lc accumulated 58 shares or 0% of the stock. Baystate Wealth Management Ltd Liability Co has 0.01% invested in Costco Wholesale Corporation (NASDAQ:COST). Bradley Foster & Sargent Incorporated Ct reported 197,712 shares. Blue Chip Partners invested in 1,292 shares or 0.07% of the stock. Connor Clark And Lunn Inv Mngmt Ltd reported 85,425 shares. 53,308 are held by Avalon Advsrs Lc. Mastrapasqua Asset Mngmt owns 33,290 shares. Ls Inv Advsrs Ltd Liability Com, a Michigan-based fund reported 18,895 shares.

Since September 1, 2017, it had 0 insider buys, and 16 sales for $22.37 million activity. GALANTI RICHARD A also sold $958,087 worth of Costco Wholesale Corporation (NASDAQ:COST) shares. The insider LIBENSON RICHARD M sold $3.86 million. 5,200 shares were sold by Vachris Roland Michael, worth $977,510. $1.40M worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by MOULTON PAUL G on Friday, October 20. Another trade for 5,000 shares valued at $937,421 was made by Murphy James P. on Friday, January 5. MEISENBACH JOHN W sold $164,920 worth of stock.

Cim Investment Mangement Inc, which manages about $1.03 billion and $275.33M US Long portfolio, decreased its stake in Ligand Pharmaceuticals (NASDAQ:LGND) by 2,604 shares to 2,599 shares, valued at $354,000 in 2017Q3, according to the filing. It also reduced its holding in Biogen Inc (NASDAQ:BIIB) by 1,767 shares in the quarter, leaving it with 1,544 shares, and cut its stake in Tractor Supply Co. (NASDAQ:TSCO).

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 167 analyst reports since July 22, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $58.0 target in Friday, October 23 report. As per Thursday, July 13, the company rating was maintained by BMO Capital Markets. Stifel Nicolaus maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, October 27. Stifel Nicolaus has “Buy” rating and $90 target. The firm earned “Outperform” rating on Friday, October 21 by William Blair. Credit Suisse maintained the shares of MSFT in report on Monday, July 17 with “Outperform” rating. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Strong-Buy” rating by Vetr on Wednesday, September 2. The firm earned “Buy” rating on Wednesday, October 11 by Credit Suisse. The firm earned “Buy” rating on Wednesday, September 27 by Bernstein. The firm earned “Buy” rating on Wednesday, February 14 by Tigress Financial. The firm earned “Sell” rating on Friday, July 14 by Jefferies.

Since August 29, 2017, it had 0 insider purchases, and 2 insider sales for $5.98 million activity. Hood Amy also sold $4.00 million worth of Microsoft Corporation (NASDAQ:MSFT) on Tuesday, August 29.

Vertex One Asset Management Inc, which manages about $613.15M US Long portfolio, upped its stake in Rowan Companies Plc (NYSE:RDC) by 166,000 shares to 266,000 shares, valued at $3.42 million in 2017Q3, according to the filing. It also increased its holding in Amtrust Finl Svcs Inc (NASDAQ:AFSI) by 25,000 shares in the quarter, for a total of 95,000 shares, and has risen its stake in Transocean Ltd (NYSE:RIG).

Investors sentiment increased to 0.83 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. It increased, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. 5.51 billion shares or 0.32% less from 5.53 billion shares in 2017Q2 were reported. Highvista Strategies Lc holds 0.77% in Microsoft Corporation (NASDAQ:MSFT) or 45,600 shares. 1.14M are held by Palestra Mgmt Ltd Liability. Alesco Advisors Lc invested 0.05% in Microsoft Corporation (NASDAQ:MSFT). Moreover, Halbert Hargrove Russell Limited Liability Company has 0.26% invested in Microsoft Corporation (NASDAQ:MSFT). Tru Of Virginia Va owns 218,946 shares or 2.41% of their US portfolio. Moreover, Argi Inv Serv Ltd Liability Com has 0.11% invested in Microsoft Corporation (NASDAQ:MSFT) for 21,985 shares. Moreover, Sun Life Fincl Incorporated has 0.42% invested in Microsoft Corporation (NASDAQ:MSFT) for 56,695 shares. Ramsay Stattman Vela & Price reported 109,303 shares. Inv Counselors Of Maryland Ltd Company has 22,784 shares for 0.09% of their portfolio. Advisors Asset has 839,593 shares. Point72 Asset Lp invested in 0.32% or 965,439 shares. Hap Trading holds 80,461 shares. Academy Mngmt Inc Tx holds 5.31% or 253,227 shares. Kistler owns 14,713 shares. Davidson And Garrard owns 102,666 shares.

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