Private Capital Management Has Upped Stake in Caesarstone LTD (CSTE) by $3.60 Million; Snap On (SNA) Valuation Declined While Banced Upped Its Stake

January 18, 2018 - By Maria Brooks

Private Capital Management Llc increased its stake in Caesarstone Ltd. (CSTE) by 91.96% based on its latest 2017Q3 regulatory filing with the SEC. Private Capital Management Llc bought 124,075 shares as the company’s stock rose 15.69% with the market. The institutional investor held 259,005 shares of the building materials company at the end of 2017Q3, valued at $7.72M, up from 134,930 at the end of the previous reported quarter. Private Capital Management Llc who had been investing in Caesarstone Ltd. for a number of months, seems to be bullish on the $837.87M market cap company. The stock increased 0.41% or $0.1 during the last trading session, reaching $24.4. About 216,014 shares traded. Caesarstone Ltd. (NASDAQ:CSTE) has risen 6.39% since January 18, 2017 and is uptrending. It has underperformed by 10.31% the S&P500.

Banced Corp increased its stake in Snap On Inc (SNA) by 111.12% based on its latest 2017Q3 regulatory filing with the SEC. Banced Corp bought 2,238 shares as the company’s stock declined 3.98% while stock markets rallied. The institutional investor held 4,252 shares of the industrial machinery and components company at the end of 2017Q3, valued at $634,000, up from 2,014 at the end of the previous reported quarter. Banced Corp who had been investing in Snap On Inc for a number of months, seems to be bullish on the $10.33 billion market cap company. The stock increased 0.28% or $0.5 during the last trading session, reaching $181.17. About 398,447 shares traded. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since January 18, 2017 and is uptrending. It has underperformed by 14.23% the S&P500.

Among 10 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE), 3 have Buy rating, 3 Sell and 4 Hold. Therefore 30% are positive. Caesarstone Sdot-Yam had 26 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Caesarstone Ltd. (NASDAQ:CSTE) earned “Buy” rating by Chardan Capital Markets on Monday, November 7. JP Morgan downgraded the stock to “Underweight” rating in Thursday, November 2 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, November 3. The rating was downgraded by JP Morgan on Wednesday, November 2 to “Neutral”. The rating was downgraded by J.P. Morgan on Thursday, November 2 to “Sell”. UBS downgraded the stock to “Neutral” rating in Monday, November 7 report. The company was maintained on Friday, October 2 by Stifel Nicolaus. The firm has “Overweight” rating given on Monday, August 24 by Barclays Capital. The rating was downgraded by Barclays Capital on Thursday, February 11 to “Equal-Weight”. On Wednesday, August 2 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Private Capital Management Llc, which manages about $900.00 million and $656.56M US Long portfolio, decreased its stake in Jamba Inc. (NASDAQ:JMBA) by 62,829 shares to 758,172 shares, valued at $6.55 million in 2017Q3, according to the filing. It also reduced its holding in Gildan Activewear Inc. (NYSE:GIL) by 38,550 shares in the quarter, leaving it with 799,434 shares, and cut its stake in Alere Inc. (NYSE:ALR).

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