Cisco Systems (CSCO) Holder Loews Has Boosted Its Stake by $1.55 Million as Market Value Declined; Apollo Management Holdings LP Cut Nucor (Call) (NUE) Position by $30.26 Million

December 16, 2017 - By Clifton Ray

Loews Corp increased its stake in Cisco Systems Inc (CSCO) by 11.11% based on its latest 2017Q2 regulatory filing with the SEC. Loews Corp bought 50,000 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 500,000 shares of the technology company at the end of 2017Q2, valued at $15.65M, up from 450,000 at the end of the previous reported quarter. Loews Corp who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $188.80B market cap company. The stock increased 0.77% or $0.29 during the last trading session, reaching $38.19. About 47.17M shares traded or 143.59% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since December 16, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Apollo Management Holdings Lp decreased its stake in Nucor Corp (Call) (NUE) by 50% based on its latest 2017Q2 regulatory filing with the SEC. Apollo Management Holdings Lp sold 530,800 shares as the company’s stock declined 11.33% while stock markets rallied. The institutional investor held 530,800 shares of the steel and iron ore company at the end of 2017Q2, valued at $30.72M, down from 1.06 million at the end of the previous reported quarter. Apollo Management Holdings Lp who had been investing in Nucor Corp (Call) for a number of months, seems to be less bullish one the $19.28 billion market cap company. The stock decreased 1.97% or $1.22 during the last trading session, reaching $60.63. About 1.40M shares traded. Nucor Corporation (NYSE:NUE) has risen 21.74% since December 16, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Apollo Management Holdings Lp, which manages about $6.81 billion US Long portfolio, upped its stake in Advanced Emissions Soluts In (ADES) by 383,388 shares to 633,388 shares, valued at $5.80 million in 2017Q2, according to the filing. It also increased its holding in Pattern Energy Group Inc (Prn) by 3.08 million shares in the quarter, for a total of 35.76 million shares, and has risen its stake in Royal Bk Of Scotland Plc.

Since September 19, 2017, it had 0 insider buys, and 3 selling transactions for $1.59 million activity. On Friday, October 27 the insider Utermark D. Chad sold $537,659. HAYNES VICTORIA F sold $137,912 worth of Nucor Corporation (NYSE:NUE) on Tuesday, September 19.

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Nucor Corporation had 71 analyst reports since July 22, 2015 according to SRatingsIntel. Rosenblatt initiated the stock with “Neutral” rating in Friday, October 16 report. On Friday, November 17 the stock rating was maintained by BMO Capital Markets with “Hold”. As per Wednesday, April 13, the company rating was downgraded by Standpoint Research. As per Friday, October 20, the company rating was maintained by Citigroup. The stock of Nucor Corporation (NYSE:NUE) has “Overweight” rating given on Tuesday, January 12 by Barclays Capital. Bank of America downgraded the shares of NUE in report on Wednesday, July 20 to “Neutral” rating. The stock has “Buy” rating by Jefferies on Monday, June 26. The firm earned “Overweight” rating on Monday, February 6 by Barclays Capital. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, March 23. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 5 report.

Analysts await Nucor Corporation (NYSE:NUE) to report earnings on January, 30. They expect $0.76 earnings per share, up 52.00% or $0.26 from last year’s $0.5 per share. NUE’s profit will be $241.61 million for 19.94 P/E if the $0.76 EPS becomes a reality. After $0.79 actual earnings per share reported by Nucor Corporation for the previous quarter, Wall Street now forecasts -3.80% negative EPS growth.

Investors sentiment decreased to 1.24 in 2017 Q2. Its down 0.08, from 1.32 in 2017Q1. It worsened, as 57 investors sold NUE shares while 200 reduced holdings. 94 funds opened positions while 224 raised stakes. 235.76 million shares or 1.71% less from 239.86 million shares in 2017Q1 were reported. Laurion Mgmt Limited Partnership owns 0.01% invested in Nucor Corporation (NYSE:NUE) for 22,700 shares. Reliance Trust Of Delaware reported 0.21% in Nucor Corporation (NYSE:NUE). 4,600 were accumulated by Fuller & Thaler Asset Management. Abner Herrman And Brock Ltd Llc has invested 0.58% in Nucor Corporation (NYSE:NUE). Pictet Asset Mgmt Limited reported 178,155 shares stake. California-based Pacific Heights Asset Management Ltd Llc has invested 0.73% in Nucor Corporation (NYSE:NUE). City Holding Communications has 1,060 shares for 0.02% of their portfolio. Moreover, Ontario Teachers Pension Plan Board has 0.03% invested in Nucor Corporation (NYSE:NUE) for 39,466 shares. Gilman Hill Asset Ltd Llc stated it has 0.1% in Nucor Corporation (NYSE:NUE). Srb stated it has 3,139 shares. Stevens Capital Mngmt LP holds 5,329 shares. Keybank Association Oh holds 0.01% or 38,027 shares in its portfolio. Finemark State Bank And Trust holds 0.04% in Nucor Corporation (NYSE:NUE) or 9,699 shares. Canada Pension Plan Investment Board stated it has 859,969 shares. Blue Edge Capital Limited Liability holds 0% or 5,600 shares in its portfolio.

Loews Corp, which manages about $15.47 billion US Long portfolio, decreased its stake in Hca Healthcare Inc (NYSE:HCA) by 10,000 shares to 115,000 shares, valued at $10.03 million in 2017Q2, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Trust (SPY) by 5,800 shares in the quarter, leaving it with 125,000 shares, and cut its stake in Hertz Global Holdings Inc.

Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. It increased, as 90 investors sold CSCO shares while 594 reduced holdings. 111 funds opened positions while 694 raised stakes. 3.60 billion shares or 0.67% less from 3.62 billion shares in 2017Q1 were reported. Roanoke Asset Mgmt Corp Ny holds 1.11% or 74,762 shares in its portfolio. Cohen Klingenstein Ltd Com stated it has 90,865 shares or 0.44% of all its holdings. Bridgeway Capital invested in 437,218 shares or 0.16% of the stock. Boltwood Cap Mgmt accumulated 16,250 shares or 0.34% of the stock. Covington Advisors has 120,925 shares. Crawford Invest Counsel reported 0.54% in Cisco Systems, Inc. (NASDAQ:CSCO). Salem Capital Inc stated it has 3.59% in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Gateway Advisers Limited Liability has 0.83% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Argent Trust Com has invested 0.57% in Cisco Systems, Inc. (NASDAQ:CSCO). Private Advisor Gru Limited Liability stated it has 0.19% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Stellar Management Lc has invested 0.73% in Cisco Systems, Inc. (NASDAQ:CSCO). Cls Invs Ltd Llc accumulated 141 shares. Everett Harris Co Ca has invested 0.01% in Cisco Systems, Inc. (NASDAQ:CSCO). Gargoyle Investment Advisor Ltd owns 45,304 shares. Auxier Asset holds 0.48% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 74,773 shares.

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