Sanderson Farms (SAFM) Holder Convergence Investment Partners Decreased Holding by $624,680 as Market Value Rose; As International Business Machs Com (IBM) Market Value Declined, Archford Capital Strategies Raised Its Stake

February 18, 2018 - By Marie Mckinney

Convergence Investment Partners Llc decreased its stake in Sanderson Farms Inc (SAFM) by 9.76% based on its latest 2017Q3 regulatory filing with the SEC. Convergence Investment Partners Llc sold 3,880 shares as the company’s stock rose 21.33% with the market. The institutional investor held 35,868 shares of the consumer non-durables company at the end of 2017Q3, valued at $5.79M, down from 39,748 at the end of the previous reported quarter. Convergence Investment Partners Llc who had been investing in Sanderson Farms Inc for a number of months, seems to be less bullish one the $3.05B market cap company. The stock increased 1.37% or $1.8 during the last trading session, reaching $133.41. About 343,303 shares traded. Sanderson Farms, Inc. (NASDAQ:SAFM) has risen 33.01% since February 18, 2017 and is uptrending. It has outperformed by 16.31% the S&P500.

Archford Capital Strategies Llc increased its stake in International Business Machs Corp Com (IBM) by 51581.48% based on its latest 2017Q3 regulatory filing with the SEC. Archford Capital Strategies Llc bought 13,927 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 13,954 shares of the computer manufacturing company at the end of 2017Q3, valued at $2.02 million, up from 27 at the end of the previous reported quarter. Archford Capital Strategies Llc who had been investing in International Business Machs Corp Com for a number of months, seems to be bullish on the $144.59 billion market cap company. The stock increased 0.11% or $0.17 during the last trading session, reaching $156.18. About 4.28M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 18, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.07, from 0.94 in 2017Q2. It turned negative, as 45 investors sold SAFM shares while 98 reduced holdings. 62 funds opened positions while 63 raised stakes. 21.94 million shares or 0.56% less from 22.07 million shares in 2017Q2 were reported. Bankshares Of America Corp De, a North Carolina-based fund reported 36,886 shares. Arizona State Retirement System, a Arizona-based fund reported 11,400 shares. Texas Permanent School Fund owns 0.03% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 14,611 shares. Putnam Invs Ltd Liability Corporation accumulated 0.01% or 30,038 shares. Aqr Capital Mgmt has invested 0.03% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM). Axa invested in 0% or 3,765 shares. Jpmorgan Chase & owns 0% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 133,707 shares. Affinity Investment Advsrs Limited Liability stated it has 0.04% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM). Wolverine Asset Mgmt Ltd Limited Liability Company stated it has 0% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM). Moreover, Voya Invest Lc has 0% invested in Sanderson Farms, Inc. (NASDAQ:SAFM). Atlantic Grp Inc Limited Liability Corporation accumulated 0.01% or 7,487 shares. Dreman Value Mgmt L L C has 0.26% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 2,987 shares. 18,800 are owned by Macquarie Limited. Vident Investment Advisory Limited Co has invested 0.18% in Sanderson Farms, Inc. (NASDAQ:SAFM). Piermont Cap Management owns 0.57% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 10,730 shares.

Analysts await Sanderson Farms, Inc. (NASDAQ:SAFM) to report earnings on February, 22. They expect $1.21 EPS, up 18.63% or $0.19 from last year’s $1.02 per share. SAFM’s profit will be $27.63 million for 27.56 P/E if the $1.21 EPS becomes a reality. After $3.20 actual EPS reported by Sanderson Farms, Inc. for the previous quarter, Wall Street now forecasts -62.19% negative EPS growth.

Among 14 analysts covering Sanderson Farms Inc. (NASDAQ:SAFM), 5 have Buy rating, 4 Sell and 5 Hold. Therefore 36% are positive. Sanderson Farms Inc. had 35 analyst reports since August 26, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, June 12 by KeyBanc Capital Markets. DA Davidson upgraded it to “Buy” rating and $98 target in Monday, December 5 report. The firm has “Buy” rating given on Monday, December 12 by Sidoti. Jefferies initiated the stock with “Underperform” rating in Wednesday, December 16 report. The company was maintained on Thursday, November 16 by BMO Capital Markets. The firm earned “Buy” rating on Thursday, August 18 by CLSA. The rating was downgraded by Mizuho to “Neutral” on Monday, October 2. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, August 25. The firm earned “Underweight” rating on Friday, October 6 by JP Morgan. As per Tuesday, March 15, the company rating was downgraded by Goldman Sachs.

Since August 25, 2017, it had 0 buys, and 5 insider sales for $1.09 million activity. Bierbusse John sold 625 shares worth $86,269. The insider KHAYAT ROBERT C sold $252,593. LIVINGSTON PHIL K had sold 900 shares worth $123,714. On Wednesday, August 30 BANKS FRED L JR sold $432,315 worth of Sanderson Farms, Inc. (NASDAQ:SAFM) or 3,000 shares.

Convergence Investment Partners Llc, which manages about $492.68M and $705.85 million US Long portfolio, upped its stake in Cogent Communications Hldgs (NASDAQ:CCOI) by 54,856 shares to 75,969 shares, valued at $3.72M in 2017Q3, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 10,795 shares in the quarter, for a total of 44,382 shares, and has risen its stake in Bank Amer Corp (NYSE:BAC).

Since January 31, 2018, it had 1 buy, and 0 sales for $99,659 activity.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of IBM in report on Wednesday, October 12 with “Underperform” rating. Wedbush initiated the shares of IBM in report on Thursday, August 3 with “Hold” rating. The firm has “Market Perform” rating given on Wednesday, April 12 by Bernstein. On Tuesday, October 18 the stock rating was maintained by Goldman Sachs with “Neutral”. Bank of America upgraded the shares of IBM in report on Thursday, November 10 to “Buy” rating. Credit Suisse maintained it with “Underperform” rating and $110 target in Tuesday, October 18 report. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 22. The firm has “Hold” rating given on Tuesday, August 15 by RBC Capital Markets. JMP Securities initiated the shares of IBM in report on Friday, November 20 with “Market Perform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, October 5 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: