Consol Energy (CNX) Holder Carmignac Gestion Lowered Position by $880,000 as Stock Value Declined; Swedbank Has Lifted Its Position in Adobe Systems In (ADBE) as Share Price Rose

February 21, 2018 - By Peter Erickson

Swedbank increased its stake in Adobe Systems In (ADBE) by 8.47% based on its latest 2017Q3 regulatory filing with the SEC. Swedbank bought 120,816 shares as the company’s stock rose 14.01% with the market. The institutional investor held 1.55 million shares of the prepackaged software company at the end of 2017Q3, valued at $230.78M, up from 1.43M at the end of the previous reported quarter. Swedbank who had been investing in Adobe Systems In for a number of months, seems to be bullish on the $99.78B market cap company. The stock increased 0.70% or $1.42 during the last trading session, reaching $202.98. About 2.72M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 21, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Carmignac Gestion decreased its stake in Consol Energy Inc (CNX) by 9.73% based on its latest 2017Q3 regulatory filing with the SEC. Carmignac Gestion sold 55,000 shares as the company’s stock declined 5.08% while stock markets rallied. The institutional investor held 510,000 shares of the coal mining company at the end of 2017Q3, valued at $8.64 million, down from 565,000 at the end of the previous reported quarter. Carmignac Gestion who had been investing in Consol Energy Inc for a number of months, seems to be less bullish one the $3.33B market cap company. The stock decreased 2.03% or $0.3 during the last trading session, reaching $14.46. About 3.72M shares traded. CNX Resources Corporation (NYSE:CNX) has risen 22.10% since February 21, 2017 and is uptrending. It has outperformed by 5.40% the S&P500.

Since February 12, 2018, it had 2 buys, and 0 sales for $467,503 activity. Thorndike William N Jr also bought $448,025 worth of CNX Resources Corporation (NYSE:CNX) on Monday, February 12.

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.45, from 0.95 in 2017Q2. It is positive, as 32 investors sold CNX shares while 59 reduced holdings. 35 funds opened positions while 92 raised stakes. 211.81 million shares or 4.96% less from 222.88 million shares in 2017Q2 were reported. 6,089 are held by Dekabank Deutsche Girozentrale. Chicago Equity Prns Ltd Liability has 0.07% invested in CNX Resources Corporation (NYSE:CNX) for 126,195 shares. Vanguard Grp Incorporated invested 0.01% of its portfolio in CNX Resources Corporation (NYSE:CNX). Rhumbline Advisers accumulated 392,098 shares or 0.01% of the stock. Virginia Retirement Sys Et Al, a Virginia-based fund reported 23,871 shares. Southeast Asset has invested 4.34% of its portfolio in CNX Resources Corporation (NYSE:CNX). Jennison Assoc Lc has invested 0.02% in CNX Resources Corporation (NYSE:CNX). Moreover, Profund Ltd Liability Co has 0.02% invested in CNX Resources Corporation (NYSE:CNX). Arizona State Retirement System has 0.02% invested in CNX Resources Corporation (NYSE:CNX). Credit Agricole S A holds 15,931 shares. Tci Wealth Advsrs holds 452 shares or 0% of its portfolio. 46,900 were reported by Murphy Pohlad Asset Mgmt Limited Liability Corporation. Prelude Limited Liability Company holds 4,575 shares. Stephens Ar owns 10,828 shares or 0.01% of their US portfolio. Kopernik Glob Investors Ltd Liability owns 354,259 shares.

Analysts await CNX Resources Corporation (NYSE:CNX) to report earnings on May, 1. They expect $0.12 earnings per share, down 29.41% or $0.05 from last year’s $0.17 per share. CNX’s profit will be $27.61 million for 30.13 P/E if the $0.12 EPS becomes a reality. After $0.05 actual earnings per share reported by CNX Resources Corporation for the previous quarter, Wall Street now forecasts 140.00% EPS growth.

Among 17 analysts covering Consol Energy Inc. (NYSE:CNX), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Consol Energy Inc. had 55 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Equalweight” rating given on Wednesday, July 13 by Barclays Capital. As per Friday, December 8, the company rating was upgraded by SunTrust. Stifel Nicolaus maintained CNX Resources Corporation (NYSE:CNX) on Wednesday, January 20 with “Buy” rating. As per Wednesday, July 19, the company rating was maintained by Jefferies. The stock of CNX Resources Corporation (NYSE:CNX) earned “Equal-Weight” rating by Morgan Stanley on Friday, January 22. Deutsche Bank downgraded it to “Sell” rating and $14 target in Tuesday, August 4 report. As per Tuesday, December 19, the company rating was initiated by Robert W. Baird. The firm has “Hold” rating given on Monday, January 30 by SunTrust. As per Friday, December 8, the company rating was reinitiated by Suntrust Robinson. The firm has “Hold” rating given on Monday, October 5 by Deutsche Bank.

Carmignac Gestion, which manages about $13.01B US Long portfolio, upped its stake in Mastec Inc (NYSE:MTZ) by 10,000 shares to 190,000 shares, valued at $8.82M in 2017Q3, according to the filing. It also increased its holding in Tripadvisor Inc (NASDAQ:TRIP) by 585,879 shares in the quarter, for a total of 6.85 million shares, and has risen its stake in Allegheny Technologies Inc (NYSE:ATI).

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It improved, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Strategy Asset Managers Lc owns 51,186 shares. Bailard, a California-based fund reported 7,407 shares. Rmb Capital Limited Liability Company stated it has 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Mufg Americas Holding Corporation owns 57,914 shares or 0.28% of their US portfolio. Blb&B Advsr Ltd Liability Com invested 0.09% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Caisse De Depot Et Placement Du Quebec holds 0.02% or 52,148 shares in its portfolio. Plante Moran Finance Advsrs Lc holds 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE) or 643 shares. Swiss Bancorp holds 0.31% or 1.82M shares. Twin Tree Mngmt Limited Partnership holds 0.06% or 47,175 shares in its portfolio. Neuberger Berman Group Limited stated it has 342,259 shares or 0.06% of all its holdings. Ingalls & Snyder Lc owns 1,915 shares or 0.01% of their US portfolio. Mitsubishi Ufj Ltd invested in 910 shares. Edgestream Limited Partnership accumulated 16,553 shares or 1.32% of the stock. Morgan Stanley holds 0.08% or 1.76 million shares. Appleton Partners Inc Ma owns 25,322 shares for 0.64% of their portfolio.

Since September 13, 2017, it had 1 insider purchase, and 14 sales for $79.49 million activity. DILLON MICHAEL A also sold $1.26 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 31. $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by GARRETT MARK on Tuesday, February 6. $3.63 million worth of stock was sold by Rencher Bradley on Wednesday, January 24. Morris Donna also sold $5.81 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. THOMPSON MATTHEW sold 2,190 shares worth $379,784. The insider LAMKIN BRYAN sold $5.97 million.

Swedbank, which manages about $16.35B US Long portfolio, decreased its stake in Johnson & Johnso (NYSE:JNJ) by 70,415 shares to 3.38M shares, valued at $439.15 million in 2017Q3, according to the filing. It also reduced its holding in Cigna Corp (NYSE:CI) by 24,105 shares in the quarter, leaving it with 1.78 million shares, and cut its stake in Cvs Health Corp (NYSE:CVS).

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