Zacks Investment Management Has Decreased Its Position in Applied Matls (AMAT) by $867,048; As Gp Strategies (GPX) Shares Declined, Nwq Investment Management Company Has Boosted Stake by $3.09 Million

February 22, 2018 - By Peter Erickson

Nwq Investment Management Company Llc increased its stake in Gp Strategies Corp (GPX) by 8.88% based on its latest 2017Q3 regulatory filing with the SEC. Nwq Investment Management Company Llc bought 103,140 shares as the company’s stock declined 7.27% while stock markets rallied. The institutional investor held 1.26M shares of the other consumer services company at the end of 2017Q3, valued at $39.01 million, up from 1.16 million at the end of the previous reported quarter. Nwq Investment Management Company Llc who had been investing in Gp Strategies Corp for a number of months, seems to be bullish on the $379.31 million market cap company. The stock decreased 0.22% or $0.05 during the last trading session, reaching $22.6. About 29,185 shares traded. GP Strategies Corporation (NYSE:GPX) has risen 8.06% since February 22, 2017 and is uptrending. It has underperformed by 8.64% the S&P500.

Zacks Investment Management decreased its stake in Applied Matls Inc (AMAT) by 23.62% based on its latest 2017Q3 regulatory filing with the SEC. Zacks Investment Management sold 16,674 shares as the company’s stock rose 23.58% with the market. The institutional investor held 53,904 shares of the technology company at the end of 2017Q3, valued at $2.81 million, down from 70,578 at the end of the previous reported quarter. Zacks Investment Management who had been investing in Applied Matls Inc for a number of months, seems to be less bullish one the $59.35 billion market cap company. The stock increased 0.53% or $0.29 during the last trading session, reaching $56.42. About 7.74 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since February 22, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 28 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Applied Materials Inc. had 116 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Citigroup to “Neutral” on Friday, October 23. Credit Suisse maintained it with “Outperform” rating and $29 target in Tuesday, August 9 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 16. On Thursday, August 6 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Buy” rating by Needham given on Thursday, October 19. As per Friday, August 14, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Bank of America given on Wednesday, November 15. The firm has “Sector Perform” rating given on Friday, June 10 by RBC Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, January 30. On Monday, August 14 the stock rating was maintained by B. Riley & Co with “Buy”.

Zacks Investment Management, which manages about $3.45 billion and $4.27 billion US Long portfolio, upped its stake in Triton Intl Ltd by 22,298 shares to 37,147 shares, valued at $1.24 million in 2017Q3, according to the filing. It also increased its holding in Marsh & Mclennan Cos Inc (NYSE:MMC) by 6,887 shares in the quarter, for a total of 759,075 shares, and has risen its stake in At&T Inc (NYSE:T).

Since August 23, 2017, it had 0 buys, and 4 selling transactions for $11.03 million activity. Nalamasu Omkaram sold $2.83 million worth of Applied Materials, Inc. (NASDAQ:AMAT) on Tuesday, January 2. 4,000 Applied Materials, Inc. (NASDAQ:AMAT) shares with value of $214,680 were sold by Forrest Stephen R. The insider Larkins Thomas F sold $1.54 million. Karsner Alexander had sold 22,762 shares worth $1.00 million on Wednesday, August 23.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on May, 17. They expect $1.13 earnings per share, up 43.04% or $0.34 from last year’s $0.79 per share. AMAT’s profit will be $1.19B for 12.48 P/E if the $1.13 EPS becomes a reality. After $1.06 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 6.60% EPS growth.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.24, from 0.82 in 2017Q2. It is positive, as 40 investors sold AMAT shares while 325 reduced holdings. 123 funds opened positions while 263 raised stakes. 811.15 million shares or 1.86% less from 826.54 million shares in 2017Q2 were reported. Meeder Asset Management Inc invested in 0.53% or 93,195 shares. Canada Pension Plan Investment Board has invested 0.24% in Applied Materials, Inc. (NASDAQ:AMAT). Court Place Advsrs Llc has invested 0.31% in Applied Materials, Inc. (NASDAQ:AMAT). Pinebridge Investments Limited Partnership stated it has 80,347 shares. Epoch Invest Prtnrs invested 1.89% in Applied Materials, Inc. (NASDAQ:AMAT). Moreover, Parkwood Ltd Llc has 0.04% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 4,841 shares. Ipswich Investment Mngmt invested in 14,505 shares. Lazard Asset Management Ltd Liability Corp owns 6.02 million shares. General Amer Investors Company owns 260,000 shares for 1.29% of their portfolio. State Of New Jersey Common Pension Fund D holds 1.80M shares. United Automobile Association holds 1.68 million shares or 0.26% of its portfolio. Alphamark Ltd Liability Co invested in 400 shares or 0.01% of the stock. Alpha Windward Llc has 0.19% invested in Applied Materials, Inc. (NASDAQ:AMAT). Gemmer Asset Lc reported 901 shares. The Japan-based Sumitomo Mitsui Asset Mgmt Company Ltd has invested 0.72% in Applied Materials, Inc. (NASDAQ:AMAT).

Since August 30, 2017, it had 0 buys, and 1 insider sale for $219,864 activity.

Nwq Investment Management Company Llc, which manages about $13.77B and $8.17 billion US Long portfolio, decreased its stake in Sanofi (NYSE:SNY) by 14,431 shares to 379,673 shares, valued at $18.90M in 2017Q3, according to the filing. It also reduced its holding in Bio Rad Labs Inc (NYSE:BIO) by 25,539 shares in the quarter, leaving it with 287,576 shares, and cut its stake in Sap Se (NYSE:SAP).

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