Union Bankshares Decreased Wells Fargo Co New (WFC) Stake as Share Price Declined; Immersion (IMMR) Share Value Declined While Kingdom Ridge Capital Lowered Its Stake by $2.48 Million

February 19, 2018 - By Winifred Garcia

Christopher Zepf decreased its stake in Immersion Corp (IMMR) by 21.96% based on its latest 2017Q3 regulatory filing with the SEC. Kingdom Ridge Capital Llc sold 309,740 shares as the company’s stock declined 30.47% while stock markets rallied. The hedge fund run by Christopher Zepf held 1.10 million shares of the computer peripheral equipment company at the end of 2017Q3, valued at $8.99M, down from 1.41 million at the end of the previous reported quarter. Kingdom Ridge Capital Llc who had been investing in Immersion Corp for a number of months, seems to be less bullish one the $296.02M market cap company. The stock decreased 0.30% or $0.03 during the last trading session, reaching $10.12. About 697,392 shares traded. Immersion Corporation (NASDAQ:IMMR) has risen 32.89% since February 19, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Union Bankshares Corp decreased its stake in Wells Fargo Co New (WFC) by 79.68% based on its latest 2017Q3 regulatory filing with the SEC. Union Bankshares Corp sold 41,249 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 10,522 shares of the major banks company at the end of 2017Q3, valued at $580,000, down from 51,771 at the end of the previous reported quarter. Union Bankshares Corp who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $293.25 billion market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $59.95. About 18.66 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 19, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It dropped, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Ally Fincl holds 290,000 shares or 3.04% of its portfolio. River Road Asset Mgmt Ltd Liability Co owns 1.22M shares or 1.32% of their US portfolio. Chemung Canal Trust accumulated 18,458 shares or 0.23% of the stock. Hall Laurie J Trustee holds 0.48% or 13,870 shares. Franklin Resources Inc owns 43.85M shares or 1.19% of their US portfolio. Stewart West Indies Trading Ltd has invested 5.94% of its portfolio in Wells Fargo & Company (NYSE:WFC). Lee Danner & Bass holds 90,757 shares. Smead Mgmt reported 1.47 million shares or 3.85% of all its holdings. 1.37M are held by Amer Intl Incorporated. Northside Capital Mgmt Limited Liability Corp reported 28,017 shares. Moreover, Cognios Capital Limited Liability has 0.85% invested in Wells Fargo & Company (NYSE:WFC). Engineers Gate Manager Ltd Partnership holds 52,083 shares. Yacktman Asset Management Ltd Partnership has invested 1.05% in Wells Fargo & Company (NYSE:WFC). Gotham Asset Mngmt Ltd Co invested 0.11% of its portfolio in Wells Fargo & Company (NYSE:WFC). Epoch reported 2.72M shares or 0.5% of all its holdings.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. Evercore maintained the shares of WFC in report on Wednesday, April 12 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, September 8 by Deutsche Bank. The stock has “Underperform” rating by Macquarie Research on Friday, September 25. The firm has “Buy” rating given on Friday, November 10 by Robert W. Baird. The stock has “Market Perform” rating by Wood on Monday, February 5. Jefferies maintained the stock with “Hold” rating in Friday, September 15 report. As per Friday, October 13, the company rating was maintained by Piper Jaffray. As per Tuesday, September 27, the company rating was maintained by FBR Capital. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm has “Hold” rating by Sandler O’Neill given on Wednesday, April 12.

Union Bankshares Corp, which manages about $297.14M US Long portfolio, upped its stake in Genuine Parts Co (NYSE:GPC) by 5,602 shares to 49,229 shares, valued at $4.71M in 2017Q3, according to the filing.

Among 5 analysts covering Immersion (NASDAQ:IMMR), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Immersion had 9 analyst reports since August 6, 2015 according to SRatingsIntel. Craig Hallum maintained the shares of IMMR in report on Monday, January 29 with “Buy” rating. The company was downgraded on Thursday, August 6 by Zacks. Cowen & Co maintained it with “Buy” rating and $1100 target in Wednesday, August 2 report. The firm has “Hold” rating given on Thursday, August 27 by TheStreet. The firm has “Buy” rating by Craig Hallum given on Friday, May 6. The rating was upgraded by Craig Hallum on Tuesday, January 16 to “Buy”. On Monday, April 18 the stock rating was initiated by Lake Street with “Buy”.

Since December 8, 2017, it had 2 buys, and 0 insider sales for $3.32 million activity.

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