As United Rentals (URI) Share Price Declined, Castleark Management Boosted Stake by $2.23 Million; As Coherent (COHR) Share Price Rose, Shareholder Tealwood Asset Management Has Cut Its Stake by $738,840

January 14, 2018 - By Hazel Jackson

Tealwood Asset Management Inc decreased its stake in Coherent Inc (COHR) by 15.54% based on its latest 2017Q3 regulatory filing with the SEC. Tealwood Asset Management Inc sold 3,144 shares as the company’s stock rose 26.93% with the market. The institutional investor held 17,086 shares of the capital goods company at the end of 2017Q3, valued at $4.02M, down from 20,230 at the end of the previous reported quarter. Tealwood Asset Management Inc who had been investing in Coherent Inc for a number of months, seems to be less bullish one the $7.49 billion market cap company. The stock increased 1.48% or $4.41 during the last trading session, reaching $301.57. About 200,510 shares traded. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since January 14, 2017 and is uptrending. It has outperformed by 171.12% the S&P500.




Castleark Management Llc increased its stake in United Rentals Inc (URI) by 8.1% based on its latest 2017Q3 regulatory filing with the SEC. Castleark Management Llc bought 16,130 shares as the company’s stock declined 12.64% while stock markets rallied. The institutional investor held 215,383 shares of the technology company at the end of 2017Q3, valued at $29.88 million, up from 199,253 at the end of the previous reported quarter. Castleark Management Llc who had been investing in United Rentals Inc for a number of months, seems to be bullish on the $15.30 billion market cap company. The stock increased 0.50% or $0.9 during the last trading session, reaching $180.89. About 882,618 shares traded. United Rentals, Inc. (NYSE:URI) has risen 71.76% since January 14, 2017 and is uptrending. It has outperformed by 55.06% the S&P500.

Castleark Management Llc, which manages about $3.86B and $3.19 billion US Long portfolio, decreased its stake in Red Hat Inc (NYSE:RHT) by 14,810 shares to 210,210 shares, valued at $23.30M in 2017Q3, according to the filing. It also reduced its holding in Lumentum Hldgs Inc by 33,200 shares in the quarter, leaving it with 153,450 shares, and cut its stake in Marathon Pete Corp (NYSE:MPC).

Investors sentiment decreased to 1.09 in 2017 Q3. Its down 0.14, from 1.23 in 2017Q2. It dived, as 39 investors sold URI shares while 183 reduced holdings. 75 funds opened positions while 167 raised stakes. 74.23 million shares or 2.10% less from 75.82 million shares in 2017Q2 were reported. Clinton Gp Inc has invested 0.03% in United Rentals, Inc. (NYSE:URI). Edgemoor Invest has 128,779 shares. Gemmer Asset Mngmt Ltd Liability Company holds 0.01% of its portfolio in United Rentals, Inc. (NYSE:URI) for 217 shares. Legacy Cap accumulated 4,085 shares or 0.3% of the stock. Bnp Paribas Arbitrage Sa reported 0.02% stake. State Of Wisconsin Invest Board holds 83,349 shares or 0.03% of its portfolio. 40,000 are held by Cna Corporation. Liberty Mutual Group Asset reported 3,422 shares. Sun Life Financial Inc accumulated 624 shares. Advisory Networks Lc holds 0% in United Rentals, Inc. (NYSE:URI) or 305 shares. Moreover, Ardsley Advisory Partners has 1.38% invested in United Rentals, Inc. (NYSE:URI) for 75,000 shares. Institute For Wealth Mngmt Ltd Liability reported 11,433 shares or 0.52% of all its holdings. Bremer Tru National Association stated it has 16,930 shares or 0.65% of all its holdings. Retirement System Of Alabama invested in 0.05% or 70,261 shares. Yhb Invest Advsrs Inc holds 0.4% or 16,251 shares.

Among 23 analysts covering United Rentals Inc. (NYSE:URI), 6 have Buy rating, 4 Sell and 13 Hold. Therefore 26% are positive. United Rentals Inc. had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by UBS on Friday, June 3 with “Buy”. Stifel Nicolaus maintained United Rentals, Inc. (NYSE:URI) rating on Friday, October 23. Stifel Nicolaus has “Buy” rating and $92.0 target. Evercore upgraded the shares of URI in report on Tuesday, August 4 to “Hold” rating. The rating was maintained by Bank of America with “Buy” on Thursday, July 20. The rating was initiated by Axiom Capital with “Sell” on Friday, August 21. The firm has “Neutral” rating by UBS given on Monday, December 19. The rating was initiated by Argus Research on Tuesday, October 4 with “Buy”. The stock of United Rentals, Inc. (NYSE:URI) has “Sell” rating given on Friday, October 14 by UBS. Deutsche Bank maintained United Rentals, Inc. (NYSE:URI) rating on Friday, July 21. Deutsche Bank has “Hold” rating and $130 target. The firm has “Buy” rating given on Monday, January 18 by Longbow.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.08, from 1.11 in 2017Q2. It fall, as 40 investors sold COHR shares while 113 reduced holdings. 56 funds opened positions while 101 raised stakes. 23.23 million shares or 4.25% more from 22.28 million shares in 2017Q2 were reported. Bb&T Secs Limited Liability Corporation holds 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 997 shares. Coldstream Management Incorporated owns 1,010 shares for 0.03% of their portfolio. Skylands Capital Ltd owns 160,750 shares. Natixis holds 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 1,620 shares. New York-based Eulav Asset Mngmt has invested 0.04% in Coherent, Inc. (NASDAQ:COHR). Eagle Asset Mngmt owns 1.74% invested in Coherent, Inc. (NASDAQ:COHR) for 1.29M shares. Proshare Advsr Lc has invested 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Zacks Invest, Illinois-based fund reported 6,705 shares. Td Asset Management Incorporated has 111,933 shares for 0.04% of their portfolio. 71,400 are owned by Timessquare Cap Limited Liability. Virtu Limited Liability Corp owns 13,132 shares for 0% of their portfolio. Moreover, California Pub Employees Retirement has 0.02% invested in Coherent, Inc. (NASDAQ:COHR). Smithfield Tru Com has 885 shares. Los Angeles & Equity Rech holds 0.01% or 3,980 shares in its portfolio. Shellback Capital Lp holds 3.65% or 171,888 shares.

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 24 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, November 8. The rating was maintained by Needham on Thursday, November 3 with “Buy”. The firm has “Buy” rating given on Thursday, November 10 by Benchmark. The firm has “Buy” rating given on Thursday, July 20 by Benchmark. Susquehanna upgraded the stock to “Positive” rating in Thursday, August 3 report. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Needham on Wednesday, November 8. The firm earned “Buy” rating on Monday, January 9 by Stifel Nicolaus. The stock has “Buy” rating by Needham on Friday, January 29. As per Monday, June 12, the company rating was maintained by Benchmark. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 29.

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