Martin & Company Holding in Cobiz Finanical (COBZ) Increased by $771,115 as Market Valuation Declined; United Parcel Service (Call) (UPS) Stock Price Declined While Soroban Capital Partners LP Has Raised Holding by $600.00 Million

January 14, 2018 - By Kurt Siggers

Martin & Company Inc increased its stake in Cobiz Finanical Inc. (COBZ) by 57.63% based on its latest 2017Q3 regulatory filing with the SEC. Martin & Company Inc bought 40,585 shares as the company’s stock declined 10.16% while stock markets rallied. The institutional investor held 111,009 shares of the major banks company at the end of 2017Q3, valued at $2.18M, up from 70,424 at the end of the previous reported quarter. Martin & Company Inc who had been investing in Cobiz Finanical Inc. for a number of months, seems to be bullish on the $885.55M market cap company. The stock increased 0.52% or $0.11 during the last trading session, reaching $21.41. About 90,678 shares traded. CoBiz Financial Inc. (NASDAQ:COBZ) has risen 31.61% since January 14, 2017 and is uptrending. It has outperformed by 14.91% the S&P500.

Eric W. Mandelblatt increased its stake in United Parcel Service Inc (Call) (UPS) by 833.33% based on its latest 2017Q3 regulatory filing with the SEC. Soroban Capital Partners Lp bought 5.00M shares as the company’s stock declined 3.26% while stock markets rallied. The hedge fund run by Eric W. Mandelblatt held 5.60M shares of the transportation company at the end of 2017Q3, valued at $672.50M, up from 600,000 at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in United Parcel Service Inc (Call) for a number of months, seems to be bullish on the $115.55 billion market cap company. The stock increased 0.47% or $0.63 during the last trading session, reaching $134.09. About 4.21M shares traded or 42.07% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since January 14, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Investors sentiment decreased to 1.5 in 2017 Q3. Its down 0.27, from 1.77 in 2017Q2. It is negative, as 6 investors sold COBZ shares while 26 reduced holdings. 14 funds opened positions while 34 raised stakes. 33.18 million shares or 1.10% more from 32.82 million shares in 2017Q2 were reported. Sei Invests holds 0% or 22 shares. Fmr Ltd Liability Com owns 1.50M shares. Northern Corp holds 0% of its portfolio in CoBiz Financial Inc. (NASDAQ:COBZ) for 496,180 shares. Alliancebernstein Lp holds 45,421 shares. Schwab Charles has invested 0% in CoBiz Financial Inc. (NASDAQ:COBZ). Pdt Ltd Liability Company reported 0.02% stake. Chicago Equity Prtnrs Ltd Liability Corporation invested 0.03% in CoBiz Financial Inc. (NASDAQ:COBZ). Bsw Wealth Partners invested in 0.12% or 14,444 shares. Dimensional Fund Advisors Lp stated it has 0.02% of its portfolio in CoBiz Financial Inc. (NASDAQ:COBZ). Victory Cap Management has invested 0.02% of its portfolio in CoBiz Financial Inc. (NASDAQ:COBZ). Us Natl Bank De accumulated 2,817 shares or 0% of the stock. Renaissance Technology Lc, New York-based fund reported 547,700 shares. 139,839 are held by Teton Inc. 959,543 were reported by Broadview Ltd Liability Company. State Common Retirement Fund reported 38,600 shares or 0% of all its holdings.

Among 6 analysts covering CoBiz Financial Inc (NASDAQ:COBZ), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. CoBiz Financial Inc had 13 analyst reports since July 20, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, October 3 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the shares of COBZ in report on Friday, July 21 with “Buy” rating. Piper Jaffray maintained CoBiz Financial Inc. (NASDAQ:COBZ) rating on Monday, July 24. Piper Jaffray has “Hold” rating and $19.5000 target. As per Monday, August 31, the company rating was downgraded by Zacks. Keefe Bruyette & Woods maintained CoBiz Financial Inc. (NASDAQ:COBZ) on Thursday, December 21 with “Buy” rating. The company was maintained on Friday, October 20 by Keefe Bruyette & Woods. The stock of CoBiz Financial Inc. (NASDAQ:COBZ) has “Sell” rating given on Monday, August 17 by Zacks. The firm has “Market Perform” rating by Hovde Group given on Monday, April 25. Macquarie Research downgraded CoBiz Financial Inc. (NASDAQ:COBZ) on Monday, October 24 to “Neutral” rating. The company was maintained on Monday, October 19 by Macquarie Research.

Martin & Company Inc, which manages about $1.98B and $307.19M US Long portfolio, decreased its stake in Ingersoll Rand Plc (NYSE:IR) by 4,255 shares to 82,485 shares, valued at $7.36M in 2017Q3, according to the filing. It also reduced its holding in Mcdonald’s Corp. (NYSE:MCD) by 2,540 shares in the quarter, leaving it with 22,012 shares, and cut its stake in Apple Inc. (NASDAQ:AAPL).

Since August 1, 2017, it had 0 buys, and 9 selling transactions for $1.10 million activity. Another trade for 2,335 shares valued at $49,012 was sold by ANDRICH LYNE B. 500 shares were sold by DUMLAO TROY, worth $10,405 on Monday, October 23. $104,000 worth of stock was sold by BANGERT STEVEN on Wednesday, October 25. Shares for $104,250 were sold by Huss Christopher S on Monday, October 23. The insider DALTON RICHARD J sold 10,004 shares worth $207,683. OSTERTAG ROBERT also sold $358,978 worth of CoBiz Financial Inc. (NASDAQ:COBZ) shares.

Soroban Capital Partners Lp, which manages about $10.82 billion and $26.50B US Long portfolio, decreased its stake in Sba Communications Corp New by 702,017 shares to 1.27 million shares, valued at $183.34 million in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 848,100 shares in the quarter, leaving it with 1.65M shares, and cut its stake in Comcast Corp New (Call) (NASDAQ:CMCSA).

Since August 22, 2017, it had 0 insider purchases, and 1 insider sale for $2.02 million activity.

Among 21 analysts covering United Parcel Service (NYSE:UPS), 8 have Buy rating, 1 Sell and 12 Hold. Therefore 38% are positive. United Parcel Service had 55 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Buy” rating by Deutsche Bank on Monday, December 4. The stock has “Neutral” rating by JP Morgan on Thursday, October 12. Oppenheimer maintained the shares of UPS in report on Thursday, July 27 with “Buy” rating. Cowen & Co maintained the shares of UPS in report on Monday, August 21 with “Hold” rating. BMO Capital Markets maintained United Parcel Service, Inc. (NYSE:UPS) on Wednesday, July 5 with “Hold” rating. The firm has “Market Perform” rating given on Friday, April 29 by Cowen & Co. The stock has “Hold” rating by Loop Capital on Friday, October 27. The firm has “Hold” rating given on Tuesday, September 1 by Zacks. The firm earned “Hold” rating on Friday, October 27 by Robert W. Baird. Robert W. Baird maintained the stock with “Hold” rating in Thursday, August 24 report.

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