Schneider Capital Management Decreased Terex (TEX) Position By $16.39 Million; News Has 1.04 Sentiment

December 8, 2017 - By Richard Conner

Schneider Capital Management Corp decreased Terex Corporation (TEX) stake by 61.47% reported in 2017Q2 SEC filing. Schneider Capital Management Corp sold 443,038 shares as Terex Corporation (TEX)’s stock rose 2.25%. The Schneider Capital Management Corp holds 277,673 shares with $10.41M value, down from 720,711 last quarter. Terex Corporation now has $3.86B valuation. The stock increased 1.30% or $0.59 during the last trading session, reaching $45.91. About 936,509 shares traded. Terex Corporation (NYSE:TEX) has risen 32.26% since December 8, 2016 and is uptrending. It has outperformed by 15.56% the S&P500.

News Corporation, a media and information services company, creates and distributes content for clients and businesses worldwide. The company has market cap of $9.59 billion. It operates through News and Information Services, Book Publishing, Digital Real Estate Services, and Cable Network Programming divisions. It currently has negative earnings. The firm distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, BarronÂ’s, MarketWatch, Dow Jones PEVC, and DJX through various media channels, such as newspapers, newswires, Websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, conferences, and videos.

Yacktman Asset Management Lp holds 9.84% of its portfolio in News Corporation for 35.69 million shares. Ibis Capital Partners Llp owns 403,197 shares or 9.07% of their US portfolio. Moreover, Deccan Value Investors L.P. has 7.52% invested in the company for 4.39 million shares. The United Kingdom-based Independent Franchise Partners Llp has invested 6.7% in the stock. Baupost Group Llc Ma, a Massachusetts-based fund reported 19.14 million shares.

It closed at $16.55 lastly. It is down 10.55% since December 8, 2016 and is uptrending. It has underperformed by 6.15% the S&P500.

Schneider Capital Management Corp increased Forest City Enterprises Inc. stake by 37,900 shares to 737,992 valued at $17.84M in 2017Q2. It also upped Halcon Resources Corporation stake by 506,698 shares and now owns 4.07M shares. Invacare Corp (NYSE:IVC) was raised too.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on February, 20. They expect $0.25 earnings per share, up 257.14% or $0.18 from last year’s $0.07 per share. TEX’s profit will be $21.02M for 45.91 P/E if the $0.25 EPS becomes a reality. After $0.50 actual earnings per share reported by Terex Corporation for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Investors sentiment decreased to 0.68 in 2017 Q2. Its down 0.44, from 1.12 in 2017Q1. It dropped, as 44 investors sold TEX shares while 86 reduced holdings. 35 funds opened positions while 54 raised stakes. 84.87 million shares or 3.42% less from 87.87 million shares in 2017Q1 were reported. Triangle Wealth Management has invested 0.2% of its portfolio in Terex Corporation (NYSE:TEX). American Int Gru holds 199,412 shares or 0.03% of its portfolio. Barclays Public Ltd holds 0.01% or 200,351 shares. The Arizona-based Tci Wealth Advsr has invested 0% in Terex Corporation (NYSE:TEX). 263,727 are owned by 13D Management Ltd Liability Corp. Howe Rusling Inc stated it has 0% in Terex Corporation (NYSE:TEX). Utah Retirement reported 0.01% stake. Voya Mgmt Ltd Co, Georgia-based fund reported 25,264 shares. Sterling Cap Management Llc invested in 20,470 shares. United Automobile Association reported 230,502 shares. Manufacturers Life Com The holds 143,485 shares or 0.01% of its portfolio. 106,000 were accumulated by Tokio Marine Asset. Greenwich Wealth Limited Liability Company invested 0.43% in Terex Corporation (NYSE:TEX). Raymond James Associates, Florida-based fund reported 7,368 shares. Wells Fargo & Mn owns 866,634 shares for 0.01% of their portfolio.

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