Coatue Management Lowered Its Stratasys LTD (SSYS) Stake; Martinrea International Inc. (TSE:MRE) Had 3 Analysts Last Week




May 26, 2018 – By Adrian Mccoy

Coatue Management Llc decreased Stratasys Ltd (SSYS) stake by 70.41% reported in 2017Q4 SEC filing. Coatue Management Llc sold 321,666 shares as Stratasys Ltd (SSYS)’s stock declined 3.84%. The Coatue Management Llc holds 135,181 shares with $2.70 million value, down from 456,847 last quarter. Stratasys Ltd now has $1.02B valuation. The stock decreased 1.30% or $0.25 during the last trading session, reaching $19. About 359,960 shares traded. Stratasys Ltd. (NASDAQ:SSYS) has risen 3.03% since May 26, 2017 and is uptrending. It has underperformed by 8.52% the S&P500.

Among 4 analysts covering Martinrea International Inc. (TSE:MRE), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Martinrea International Inc. had 15 analyst reports since July 29, 2015 according to SRatingsIntel. IBC maintained Martinrea International Inc. (TSE:MRE) on Monday, August 10 with “Outperform” rating. RBC Capital Markets maintained Martinrea International Inc. (TSE:MRE) rating on Thursday, January 12. RBC Capital Markets has “Outperform” rating and $14 target. The firm has “Buy” rating given on Wednesday, March 29 by TD Securities. On Monday, August 10 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Paradigm Research with “Buy” on Monday, August 10. The rating was maintained by TD Securities with “Buy” on Friday, April 28. On Tuesday, December 1 the stock rating was upgraded by Canaccord Genuity to “Focus List”. See Martinrea International Inc. (TSE:MRE) latest ratings:

More important recent Stratasys Ltd. (NASDAQ:SSYS) news were published by: 247Wallst.com which released: “Why Stratasys Is One of Wednesday’s Biggest Earnings Losers” on May 02, 2018, also 247Wallst.com published article titled: “Fading Short Interest in 3D Printing Stocks”, Nasdaq.com published: “New Research: Key Drivers of Growth for ManpowerGroup, JC Penney, HP, American Axle & Manufacturing, Mondelez …” on May 16, 2018. More interesting news about Stratasys Ltd. (NASDAQ:SSYS) was released by: Businesswire.com and their article: “Stratasys Releases First Quarter 2018 Financial Results” with publication date: May 02, 2018.

Coatue Management Llc increased Cognex Corp (NASDAQ:CGNX) stake by 1.01 million shares to 2.03M valued at $124.23 million in 2017Q4. It also upped Shopify Inc stake by 4.38 million shares and now owns 7.01 million shares. Twitter Inc (NYSE:TWTR) was raised too.

Investors sentiment increased to 1.1 in 2017 Q4. Its up 0.08, from 1.02 in 2017Q3. It is positive, as 25 investors sold SSYS shares while 37 reduced holdings. 25 funds opened positions while 43 raised stakes. 34.55 million shares or 0.87% less from 34.85 million shares in 2017Q3 were reported. Sei Investments Co owns 63 shares. Renaissance Llc holds 0.01% or 246,132 shares. Ameritas Inv Partners invested in 4,388 shares or 0% of the stock. Northern Trust has invested 0% of its portfolio in Stratasys Ltd. (NASDAQ:SSYS). Raymond James & Assoc, Florida-based fund reported 12,765 shares. Vident Inv Advisory Lc stated it has 876,470 shares. Ameriprise Financial Inc invested in 0% or 264,130 shares. Susquehanna Intl Group Ltd Liability Partnership invested 0% in Stratasys Ltd. (NASDAQ:SSYS). Geode Cap Mgmt Ltd holds 141,577 shares. Primecap Ca reported 7.56M shares or 0.12% of all its holdings. House Ltd, California-based fund reported 44,500 shares. Highbridge Capital Mngmt Limited Liability Company reported 17,014 shares stake. California State Teachers Retirement Systems stated it has 78,808 shares. Hudock Cap Grp Inc Limited Company invested in 0% or 20 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake.

Among 24 analysts covering Stratasys (NASDAQ:SSYS), 5 have Buy rating, 5 Sell and 14 Hold. Therefore 21% are positive. Stratasys had 61 analyst reports since July 22, 2015 according to SRatingsIntel. Canaccord Genuity maintained Stratasys Ltd. (NASDAQ:SSYS) rating on Wednesday, July 29. Canaccord Genuity has “Hold” rating and $35 target. The firm has “Underperform” rating by William Blair given on Monday, May 15. The rating was downgraded by Piper Jaffray on Monday, July 18 to “Neutral”. The stock of Stratasys Ltd. (NASDAQ:SSYS) earned “Hold” rating by Deutsche Bank on Monday, November 9. The stock of Stratasys Ltd. (NASDAQ:SSYS) has “Buy” rating given on Monday, October 2 by Piper Jaffray. The stock of Stratasys Ltd. (NASDAQ:SSYS) has “Outperform” rating given on Friday, December 11 by Oppenheimer. On Thursday, August 10 the stock rating was upgraded by Citigroup to “Buy”. Craig Hallum downgraded the stock to “Hold” rating in Tuesday, November 15 report. Needham maintained the stock with “Buy” rating in Wednesday, November 16 report. The stock has “Overweight” rating by JP Morgan on Tuesday, August 4.

Analysts await Stratasys Ltd. (NASDAQ:SSYS) to report earnings on August, 8. They expect $0.02 EPS, down 75.00% or $0.06 from last year’s $0.08 per share. SSYS’s profit will be $1.07 million for 237.50 P/E if the $0.02 EPS becomes a reality.

Martinrea International Inc. designs, engineers, makes, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive sector in North America, Europe, and internationally. The company has market cap of $1.47 billion. It offers suspension and chassis metal components, such as suspension and cross-members, suspension lines and arms, hot-stamped structural products, and hitch and bumper assemblies; and body and structure metal components, including body structure-cross-members and rail assemblies, structural BIW components, hot-stamped structural products, and underbody stampings and assemblies. It has a 9.18 P/E ratio. The firm also provides aluminum components for engine, transmission, suspension, and body-in-white applications comprising engine blocks, cylinder heads, oil pans, cylinder head covers, etc.; transmission housings for trucks and passenger cars, intermediate housings and plates, axle transmission housings, etc.; sub-frames, trailing arms and side members, cross-members, swivel bearings, wheel carriers, etc.; space frame components, structural parts, longitudinal beams, etc.; and heat sinks, extrusion profiles, and rolled sheets and plates.

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