Gagnon Securities Has Lowered Red Hat (RHT) Holding; Gardner Russo & Gardner Decreased Its Philip Morris International In (PM) Holding

December 10, 2017 - By Kurt Siggers

Gardner Russo & Gardner Llc decreased Philip Morris International In (PM) stake by 1.21% reported in 2017Q2 SEC filing. Gardner Russo & Gardner Llc sold 124,523 shares as Philip Morris International In (PM)’s stock rose 10.69%. The Gardner Russo & Gardner Llc holds 10.19 million shares with $1.20 billion value, down from 10.31M last quarter. Philip Morris International In now has $165.56 billion valuation. The stock decreased 0.10% or $0.11 during the last trading session, reaching $106.59. About 4.61M shares traded or 11.34% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since December 10, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Gagnon Securities Llc decreased Red Hat Inc (RHT) stake by 2.47% reported in 2017Q2 SEC filing. Gagnon Securities Llc sold 3,350 shares as Red Hat Inc (RHT)’s stock rose 4.33%. The Gagnon Securities Llc holds 132,338 shares with $139.60M value, down from 135,688 last quarter. Red Hat Inc now has $22.17B valuation. The stock increased 1.20% or $1.49 during the last trading session, reaching $125.29. About 1.11 million shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since December 10, 2016 and is uptrending. It has outperformed by 2.27% the S&P500.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on December, 20. They expect $0.50 earnings per share, up 19.05% or $0.08 from last year’s $0.42 per share. RHT’s profit will be $88.47M for 62.65 P/E if the $0.50 EPS becomes a reality. After $0.58 actual earnings per share reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -13.79% negative EPS growth.

Gagnon Securities Llc increased Netgear Inc (NASDAQ:NTGR) stake by 13,486 shares to 37,366 valued at $1.61M in 2017Q2. It also upped Instructure Inc stake by 167,354 shares and now owns 186,814 shares. Wpx Energy Inc (NYSE:WPX) was raised too.

Investors sentiment decreased to 1.25 in 2017 Q2. Its down 0.07, from 1.32 in 2017Q1. It worsened, as 25 investors sold RHT shares while 161 reduced holdings. 77 funds opened positions while 156 raised stakes. 157.87 million shares or 0.26% more from 157.46 million shares in 2017Q1 were reported. Ibm Retirement Fund holds 0.09% or 4,332 shares. Nippon Life Ins Communication holds 16,190 shares. Geneva Advisors Limited Liability holds 2,575 shares or 0% of its portfolio. Hellman Jordan Management Company Ma owns 9,960 shares. Ahl Prtn Ltd Liability Partnership, United Kingdom-based fund reported 68,605 shares. Symphony Asset Mngmt Ltd Liability Corporation holds 0.15% or 13,829 shares. 597,107 were accumulated by Barclays Public Limited Co. Lombard Odier Asset (Switzerland), Switzerland-based fund reported 2,916 shares. California Employees Retirement Systems invested 0.06% in Red Hat, Inc. (NYSE:RHT). Invesco Limited owns 351,512 shares. 2,546 are owned by Intrust Retail Bank Na. Kbc Group Nv invested in 25,866 shares or 0.02% of the stock. Tokio Marine Asset Mngmt invested 0.03% in Red Hat, Inc. (NYSE:RHT). Stephens Ar owns 12,895 shares. Hudson Bay Capital Mngmt Limited Partnership owns 20,500 shares.

Among 33 analysts covering Red Hat (NYSE:RHT), 24 have Buy rating, 1 Sell and 8 Hold. Therefore 73% are positive. Red Hat had 95 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Tuesday, March 28 by BMO Capital Markets. The firm earned “Buy” rating on Thursday, June 22 by Deutsche Bank. The stock has “Market Outperform” rating by JMP Securities on Wednesday, September 13. The rating was maintained by BMO Capital Markets on Thursday, September 22 with “Outperform”. Pacific Crest upgraded Red Hat, Inc. (NYSE:RHT) on Thursday, April 14 to “Overweight” rating. As per Monday, December 4, the company rating was maintained by KeyBanc Capital Markets. The stock of Red Hat, Inc. (NYSE:RHT) has “Hold” rating given on Tuesday, August 25 by Zacks. Robert W. Baird maintained the stock with “Neutral” rating in Wednesday, June 21 report. Rosenblatt initiated Red Hat, Inc. (NYSE:RHT) rating on Monday, November 28. Rosenblatt has “Buy” rating and $95 target. BMO Capital Markets maintained Red Hat, Inc. (NYSE:RHT) on Thursday, June 23 with “Outperform” rating.

Gardner Russo & Gardner Llc increased Mastercard Inc Cl A (NYSE:MA) stake by 33,159 shares to 9.56 million valued at $1.16B in 2017Q2. It also upped Berkshire Hathaway Inc Cl B (BRKB) stake by 10,517 shares and now owns 2.51 million shares. Busch Inbev Sa Restri was raised too.

Among 19 analysts covering Philip Morris International (NYSE:PM), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Philip Morris International had 47 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, October 12. The rating was initiated by Jefferies on Wednesday, September 21 with “Hold”. The firm has “Buy” rating given on Tuesday, October 10 by Wells Fargo. The rating was upgraded by Nomura to “Neutral” on Monday, November 30. Societe Generale upgraded Philip Morris International Inc. (NYSE:PM) on Thursday, April 21 to “Hold” rating. Citigroup initiated the shares of PM in report on Tuesday, September 13 with “Neutral” rating. Bank of America maintained Philip Morris International Inc. (NYSE:PM) rating on Friday, October 20. Bank of America has “Neutral” rating and $121 target. The stock has “Buy” rating by Cowen & Co on Friday, October 20. The stock has “Buy” rating by CLSA on Monday, November 14. The rating was maintained by Cowen & Co on Thursday, July 20 with “Buy”.

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