Stryker Com (SYK) Holder Oak Ridge Investments Upped Position by $4.83 Million; 3 (DDD) Shareholder Coatue Management Has Cut Its Holding by $5.36 Million as Stock Rose




May 27, 2018 – By Marguerite Chambers

Philippe Laffont decreased its stake in 3 (DDD) by 69.73% based on its latest 2017Q4 regulatory filing with the SEC. Coatue Management Llc sold 670,179 shares as the company’s stock rose 20.90% while stock markets declined. The hedge fund run by Philippe Laffont held 290,888 shares of the prepackaged software company at the end of 2017Q4, valued at $2.51M, down from 961,067 at the end of the previous reported quarter. Coatue Management Llc who had been investing in 3 for a number of months, seems to be less bullish one the $1.37B market cap company. The stock decreased 1.64% or $0.2 during the last trading session, reaching $12.02. About 997,970 shares traded. 3D Systems Corporation (NYSE:DDD) has declined 19.11% since May 27, 2017 and is downtrending. It has underperformed by 30.66% the S&P500.

Oak Ridge Investments Llc increased its stake in Stryker Corp Com (SYK) by 38.2% based on its latest 2017Q4 regulatory filing with the SEC. Oak Ridge Investments Llc bought 31,344 shares as the company’s stock rose 2.85% while stock markets declined. The institutional investor held 113,390 shares of the medical and dental instruments company at the end of 2017Q4, valued at $17.56M, up from 82,046 at the end of the previous reported quarter. Oak Ridge Investments Llc who had been investing in Stryker Corp Com for a number of months, seems to be bullish on the $64.94B market cap company. The stock decreased 0.72% or $1.26 during the last trading session, reaching $173.78. About 943,906 shares traded. Stryker Corporation (NYSE:SYK) has risen 19.66% since May 27, 2017 and is uptrending. It has outperformed by 8.11% the S&P500.

Oak Ridge Investments Llc, which manages about $4.04 billion and $2.10 billion US Long portfolio, decreased its stake in Yum Brands Inc Com (NYSE:YUM) by 9,248 shares to 138,835 shares, valued at $11.33M in 2017Q4, according to the filing. It also reduced its holding in Planet Fitness Inc Cl A by 300,837 shares in the quarter, leaving it with 569,165 shares, and cut its stake in Alphabet Inc Cap Stk Cl A.

Since February 1, 2018, it had 1 insider purchase, and 15 selling transactions for $26.00 million activity. Carpenter Lonny J sold 5,000 shares worth $832,103. 55,119 shares were sold by Floyd David, worth $9.18 million. 43 Stryker Corporation (NYSE:SYK) shares with value of $7,365 were bought by Doliveux Roch. The insider Becker Yin C sold $626,832. 1,306 shares valued at $214,730 were sold by Berry William E Jr on Thursday, February 1. On Thursday, February 1 FRANCESCONI LOUISE sold $713,655 worth of Stryker Corporation (NYSE:SYK) or 4,347 shares.

Investors sentiment decreased to 0.8 in 2017 Q4. Its down 0.07, from 0.87 in 2017Q3. It fall, as 39 investors sold SYK shares while 375 reduced holdings. 100 funds opened positions while 232 raised stakes. 275.69 million shares or 0.03% more from 275.60 million shares in 2017Q3 were reported. Marble Harbor Investment Counsel Ltd Limited Liability Company reported 0.91% stake. Clean Yield Grp Incorporated holds 0.69% or 11,202 shares. Forbes J M Llp holds 0.16% or 4,542 shares in its portfolio. Wetherby Asset has invested 0.16% in Stryker Corporation (NYSE:SYK). Baystate Wealth Management Ltd Liability Co has invested 0.03% in Stryker Corporation (NYSE:SYK). Etrade invested 0.04% of its portfolio in Stryker Corporation (NYSE:SYK). Zurcher Kantonalbank (Zurich Cantonalbank) reported 85,909 shares. Signaturefd Ltd Liability Com accumulated 0.03% or 1,471 shares. The Illinois-based Front Barnett Assocs Ltd Liability Corporation has invested 0.16% in Stryker Corporation (NYSE:SYK). Long Road Inv Counsel Ltd Llc reported 5.18% stake. Park Natl Corp Oh owns 17,729 shares. Tdam Usa has invested 0.14% in Stryker Corporation (NYSE:SYK). 471,447 were accumulated by Principal Financial Group Incorporated. 14,442 were accumulated by Veritable Ltd Partnership. Korea Investment Corp, Korea-based fund reported 370,328 shares.

Among 30 analysts covering Stryker Corporation (NYSE:SYK), 20 have Buy rating, 1 Sell and 9 Hold. Therefore 67% are positive. Stryker Corporation had 98 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Monday, February 26 by Morgan Stanley. The firm earned “Buy” rating on Wednesday, January 27 by Brean Capital. The firm earned “Buy” rating on Thursday, June 9 by Guggenheim. Wells Fargo maintained Stryker Corporation (NYSE:SYK) rating on Tuesday, January 2. Wells Fargo has “Buy” rating and $174.0 target. The rating was maintained by Jefferies on Tuesday, September 5 with “Hold”. The stock of Stryker Corporation (NYSE:SYK) earned “Buy” rating by RBC Capital Markets on Friday, September 1. The rating was maintained by SunTrust on Friday, January 26 with “Buy”. The rating was maintained by Cowen & Co with “Buy” on Friday, October 6. Sterne Agee CRT upgraded Stryker Corporation (NYSE:SYK) on Wednesday, April 27 to “Buy” rating. Robert W. Baird upgraded Stryker Corporation (NYSE:SYK) on Thursday, November 16 to “Outperform” rating.

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.42, from 1.41 in 2017Q3. It dived, as 34 investors sold DDD shares while 50 reduced holdings. 28 funds opened positions while 55 raised stakes. 71.68 million shares or 7.28% more from 66.82 million shares in 2017Q3 were reported. Ny State Teachers Retirement Systems invested in 153,441 shares or 0% of the stock. Teachers Retirement Systems Of The State Of Kentucky accumulated 13,290 shares. Evercore Wealth Ltd Liability Co owns 0% invested in 3D Systems Corporation (NYSE:DDD) for 38 shares. Swiss Bankshares holds 0% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 179,650 shares. Ameriprise Inc owns 326,681 shares for 0% of their portfolio. Mirae Asset Ltd has 14,400 shares. Ls Limited Liability Corporation has invested 0% of its portfolio in 3D Systems Corporation (NYSE:DDD). Atwood & Palmer has invested 0% in 3D Systems Corporation (NYSE:DDD). River Mercantile Asset Mgmt Limited Liability Partnership accumulated 359,321 shares. Mason Street Advsrs Limited Liability Co, a Wisconsin-based fund reported 56,096 shares. Royal Fincl Bank Of Canada has 262,794 shares for 0% of their portfolio. Allsquare Wealth Ltd Llc invested in 0% or 605 shares. Vident Invest Advisory Limited reported 1.96M shares. Peoples Financial Svcs holds 2,000 shares or 0.01% of its portfolio. Invest Mngmt Of Virginia Lc reported 1.85M shares stake.

More recent 3D Systems Corporation (NYSE:DDD) news were published by: 247Wallst.com which released: “Fading Short Interest in 3D Printing Stocks” on May 25, 2018. Also Globenewswire.com published the news titled: “3D Systems Reports First Quarter 2018 Financial Results” on May 02, 2018. Seekingalpha.com‘s news article titled: “Seadrill: Why ‘Bean Counting’ Works” with publication date: May 21, 2018 was also an interesting one.

Among 19 analysts covering 3D Systems Corporation (NYSE:DDD), 2 have Buy rating, 6 Sell and 11 Hold. Therefore 11% are positive. 3D Systems Corporation had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Monday, May 29 by Canaccord Genuity. Piper Jaffray maintained the stock with “Sell” rating in Friday, October 13 report. The firm earned “Market Perform” rating on Monday, October 3 by FBR Capital. The company was initiated on Monday, July 24 by Loop Capital Markets. The firm has “Hold” rating by Piper Jaffray given on Monday, November 20. The stock of 3D Systems Corporation (NYSE:DDD) has “Underweight” rating given on Tuesday, July 4 by Piper Jaffray. The stock of 3D Systems Corporation (NYSE:DDD) has “Hold” rating given on Tuesday, March 15 by Gabelli. As per Friday, April 15, the company rating was downgraded by Citigroup. Stifel Nicolaus maintained the shares of DDD in report on Friday, August 7 with “Hold” rating. Deutsche Bank maintained 3D Systems Corporation (NYSE:DDD) rating on Friday, March 16. Deutsche Bank has “Hold” rating and $13 target.

Coatue Management Llc, which manages about $14.38 billion and $12.78B US Long portfolio, upped its stake in Shopify Inc by 4.38M shares to 7.01 million shares, valued at $707.67 million in 2017Q4, according to the filing. It also increased its holding in Twitter Inc (NYSE:TWTR) by 16.50 million shares in the quarter, for a total of 24.35M shares, and has risen its stake in Snap Inc.

Analysts await 3D Systems Corporation (NYSE:DDD) to report earnings on August, 1. They expect $-0.06 EPS, up 14.29% or $0.01 from last year’s $-0.07 per share. After $-0.08 actual EPS reported by 3D Systems Corporation for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

3D Systems Corporation (NYSE:DDD) Institutional Positions Chart

By1 Marguerite Chambers



Source link

Leave a Reply