Pinnacle Associates LTD Has Increased Ambarella (AMBA) Stake By $17.61 Million; 5 Analysts Are Bullish Calfrac Well Services Ltd. (TSE:CFW) Last Week

February 15, 2018 - By Adrian Erickson

Pinnacle Associates Ltd increased Ambarella Inc (AMBA) stake by 54.87% reported in 2017Q3 SEC filing. Pinnacle Associates Ltd acquired 359,417 shares as Ambarella Inc (AMBA)’s stock rose 13.63%. The Pinnacle Associates Ltd holds 1.01 million shares with $49.72M value, up from 655,072 last quarter. Ambarella Inc now has $1.64 billion valuation. The stock increased 0.72% or $0.35 during the last trading session, reaching $49.08. About 173,297 shares traded. Ambarella, Inc. (NASDAQ:AMBA) has risen 67.32% since February 15, 2017 and is uptrending. It has outperformed by 50.62% the S&P500.

Among 11 analysts covering Calfrac Well Services Ltd. (TSE:CFW), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Calfrac Well Services Ltd. had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by IBC on Tuesday, February 9 to “Sector Performer”. Cowen & Co downgraded the shares of CFW in report on Thursday, October 15 to “Market Perform” rating. As per Wednesday, January 6, the company rating was downgraded by TD Securities. The firm has “Underperform” rating given on Friday, October 28 by Scotia Capital. The firm earned “Sector Perform” rating on Friday, February 24 by Scotia Capital. TD Securities maintained Calfrac Well Services Ltd. (TSE:CFW) on Friday, October 28 with “Hold” rating. The stock of Calfrac Well Services Ltd. (TSE:CFW) earned “Sector Perform” rating by Scotia Capital on Wednesday, December 7. The firm has “Sector Perform” rating given on Monday, October 5 by RBC Capital Markets. On Friday, April 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Hold” rating on Thursday, November 24 by TD Securities. See Calfrac Well Services Ltd. (TSE:CFW) latest ratings:

27/10/2017 Broker: BMO Capital Markets Rating: Market Perform Old Target: $4.50 New Target: $6.00 Target Up
27/10/2017 Broker: Canaccord Genuity Old Rating: Hold New Rating: Speculative Buy Old Target: $5.50 New Target: $7.00 Upgrade
27/10/2017 Broker: National Bank Canada Rating: Outperform Old Target: $6.50 New Target: $7.50 Target Up
27/10/2017 Broker: TD Securities Rating: Buy Old Target: $6.00 New Target: $7.00 Target Up
20/10/2017 Broker: IBC Rating: Old Target: $4.50 New Target: $6.75 Target Up
25/08/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Old Target: $5.00 New Target: $6.00 Target Up

Pinnacle Associates Ltd decreased General Electric Co (NYSE:GE) stake by 45,388 shares to 949,800 valued at $22.97M in 2017Q3. It also reduced Endocyte Inc (NASDAQ:ECYT) stake by 748,671 shares and now owns 32,820 shares. Kayne Anderson Mlp Invt Co (NYSE:KYN) was reduced too.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.29, from 0.92 in 2017Q2. It is positive, as 27 investors sold AMBA shares while 45 reduced holdings. 34 funds opened positions while 53 raised stakes. 19.99 million shares or 9.13% more from 18.32 million shares in 2017Q2 were reported. Parametric Port Limited Liability Company has 0% invested in Ambarella, Inc. (NASDAQ:AMBA). White Pine Cap Limited Co, a Minnesota-based fund reported 17,850 shares. Invesco owns 0% invested in Ambarella, Inc. (NASDAQ:AMBA) for 11,997 shares. Tiaa Cref Investment Management Limited Liability Corporation invested in 85,860 shares or 0% of the stock. Artisan Prns Ltd Partnership has 357,755 shares for 0.03% of their portfolio. Security Natl Trust holds 1,200 shares or 0.02% of its portfolio. Susquehanna Int Grp Limited Liability Partnership holds 0.01% or 489,186 shares. Winslow Evans & Crocker stated it has 0% in Ambarella, Inc. (NASDAQ:AMBA). 3,437 are owned by Victory Mgmt. 246,900 were accumulated by Fmr Ltd. Messner Smith Theme Value Mgmt Ca reported 52,709 shares. Symmetry Peak Limited Liability reported 2,500 shares or 0.01% of all its holdings. Suffolk Management Limited Liability Company owns 9,886 shares. The Ontario – Canada-based Retail Bank Of Montreal Can has invested 0% in Ambarella, Inc. (NASDAQ:AMBA). Redmond Asset Management Lc stated it has 29,102 shares or 0.65% of all its holdings.

Among 21 analysts covering Ambarella Corporation (NASDAQ:AMBA), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Ambarella Corporation had 69 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, March 1, the company rating was upgraded by Dougherty & Company. The stock of Ambarella, Inc. (NASDAQ:AMBA) earned “Perform” rating by Oppenheimer on Friday, April 8. The firm has “Hold” rating by Dougherty & Company given on Wednesday, September 2. Craig Hallum initiated Ambarella, Inc. (NASDAQ:AMBA) on Wednesday, December 23 with “Buy” rating. The firm has “Overweight” rating given on Monday, November 23 by Pacific Crest. Canaccord Genuity maintained Ambarella, Inc. (NASDAQ:AMBA) rating on Friday, September 2. Canaccord Genuity has “Buy” rating and $86 target. The company was maintained on Thursday, August 31 by Stifel Nicolaus. As per Wednesday, September 2, the company rating was maintained by Needham. Roth Capital maintained Ambarella, Inc. (NASDAQ:AMBA) rating on Wednesday, June 7. Roth Capital has “Buy” rating and $6500 target. The rating was maintained by Topeka Capital Markets on Friday, December 4 with “Buy”.

Since September 18, 2017, it had 0 insider purchases, and 11 insider sales for $3.18 million activity. Shares for $260,028 were sold by Laplante George. $266,182 worth of stock was sold by Kohn Leslie on Monday, December 18. Another trade for 8,851 shares valued at $510,614 was made by Wang Feng-Ming on Monday, December 18. $128,675 worth of Ambarella, Inc. (NASDAQ:AMBA) was sold by Day Christopher on Friday, September 29. 2,000 Ambarella, Inc. (NASDAQ:AMBA) shares with value of $118,463 were sold by PAISLEY CHRISTOPHER B. Another trade for 11,340 shares valued at $678,132 was made by Chen Yun-Lung on Monday, December 11.

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, and Latin America. The company has market cap of $954.54 million. The firm offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries. It currently has negative earnings.

It closed at $6.64 lastly. It is down 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

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