As Manhattan Associates (MANH) Stock Declined, Shareholder Turtle Creek Asset Management Lowered Its Stake by $2.85 Million; Thermo Fisher Scientific (TMO) Holder Huntington National Bank Increased Its Holding

February 23, 2018 - By Vivian Currie

Turtle Creek Asset Management Inc decreased its stake in Manhattan Associates Inc (MANH) by 67.17% based on its latest 2017Q3 regulatory filing with the SEC. Turtle Creek Asset Management Inc sold 22,300 shares as the company’s stock declined 5.87% while stock markets rallied. The institutional investor held 10,900 shares of the technology company at the end of 2017Q3, valued at $1.40 million, down from 33,200 at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Manhattan Associates Inc for a number of months, seems to be less bullish one the $2.85 billion market cap company. The stock increased 0.19% or $0.08 during the last trading session, reaching $41.97. About 227,288 shares traded. Manhattan Associates, Inc. (NASDAQ:MANH) has declined 22.39% since February 23, 2017 and is downtrending. It has underperformed by 39.09% the S&P500.

Huntington National Bank increased its stake in Thermo Fisher Scientific Inc (TMO) by 2.44% based on its latest 2017Q3 regulatory filing with the SEC. Huntington National Bank bought 4,655 shares as the company’s stock rose 8.13% with the market. The institutional investor held 195,348 shares of the industrial machinery and components company at the end of 2017Q3, valued at $36.96 million, up from 190,693 at the end of the previous reported quarter. Huntington National Bank who had been investing in Thermo Fisher Scientific Inc for a number of months, seems to be bullish on the $84.10 billion market cap company. The stock increased 0.29% or $0.6 during the last trading session, reaching $209.73. About 235,314 shares traded. Thermo Fisher Scientific Inc. (NYSE:TMO) has risen 15.57% since February 23, 2017 and is uptrending. It has underperformed by 1.13% the S&P500.




Analysts await Manhattan Associates, Inc. (NASDAQ:MANH) to report earnings on April, 19. They expect $0.26 earnings per share, down 35.00% or $0.14 from last year’s $0.4 per share. MANH’s profit will be $17.67M for 40.36 P/E if the $0.26 EPS becomes a reality. After $0.40 actual earnings per share reported by Manhattan Associates, Inc. for the previous quarter, Wall Street now forecasts -35.00% negative EPS growth.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.26, from 1.07 in 2017Q2. It is positive, as 35 investors sold MANH shares while 67 reduced holdings. 35 funds opened positions while 101 raised stakes. 72.05 million shares or 1.48% less from 73.13 million shares in 2017Q2 were reported. Hightower Ltd Liability Company has invested 0.01% in Manhattan Associates, Inc. (NASDAQ:MANH). Brown Cap Limited Co holds 3.6% or 7.11M shares in its portfolio. Tudor Inv Corporation Et Al owns 40,051 shares for 0.04% of their portfolio. Nordea Invest accumulated 772,265 shares. Tiaa Cref Invest Management Ltd invested in 209,149 shares or 0.01% of the stock. Guggenheim Cap Limited Liability Com accumulated 16,380 shares or 0% of the stock. Jpmorgan Chase & Co invested in 1.84 million shares. Columbia Wanger Asset Management Ltd Liability Corp has 0.55% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 898,449 shares. Price T Rowe Inc Md, Maryland-based fund reported 728,321 shares. Northwestern Mutual Wealth Management owns 105 shares for 0% of their portfolio. 15,399 were reported by Trexquant Invest Limited Partnership. Wells Fargo & Company Mn owns 1.07M shares for 0.01% of their portfolio. Huntington State Bank holds 0.01% of its portfolio in Manhattan Associates, Inc. (NASDAQ:MANH) for 8,694 shares. 18,018 were accumulated by Bokf Na. Moreover, Atlantic Tru Group Limited Liability Co has 0.01% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 36,231 shares.

Among 7 analysts covering Manhattan Assoc (NASDAQ:MANH), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Manhattan Assoc had 14 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, November 15, the company rating was maintained by SunTrust. The firm has “Buy” rating given on Tuesday, January 12 by Brean Capital. Lake Street initiated the shares of MANH in report on Monday, October 19 with “Buy” rating. SunTrust maintained Manhattan Associates, Inc. (NASDAQ:MANH) rating on Wednesday, February 7. SunTrust has “Buy” rating and $50.0 target. The stock of Manhattan Associates, Inc. (NASDAQ:MANH) earned “Buy” rating by Benchmark on Wednesday, February 1. The rating was downgraded by Raymond James on Monday, January 9 to “Mkt Perform”. The rating was maintained by Benchmark on Wednesday, July 22 with “Buy”. The stock has “Market Perform” rating by William Blair on Thursday, April 28. The firm has “Buy” rating given on Tuesday, October 3 by SunTrust. The company was maintained on Wednesday, August 23 by KeyBanc Capital Markets.

Turtle Creek Asset Management Inc, which manages about $1.01B US Long portfolio, upped its stake in Tractor Supply Co (NASDAQ:TSCO) by 309,036 shares to 1.24M shares, valued at $78.35 million in 2017Q3, according to the filing. It also increased its holding in Open Text Corp (NASDAQ:OTEX) by 152,600 shares in the quarter, for a total of 2.43M shares, and has risen its stake in Netscout Systems Inc (NASDAQ:NTCT).

Since August 28, 2017, it had 0 insider purchases, and 9 sales for $21.36 million activity. On Monday, August 28 the insider HOOGASIAN SETH H sold $736,092. $1.31 million worth of stock was sold by Durbin Patrick M on Monday, February 5. $1.05 million worth of Thermo Fisher Scientific Inc. (NYSE:TMO) was sold by Williamson Stephen. Another trade for 2,026 shares valued at $366,645 was sold by Shine Daniel P. The insider HARRIS C MARTIN sold 360 shares worth $65,149. CASPER MARC N sold $9.59M worth of stock.

Huntington National Bank, which manages about $5.93 billion US Long portfolio, decreased its stake in Amerisource Bergen Corp (NYSE:ABC) by 8,148 shares to 8,358 shares, valued at $692,000 in 2017Q3, according to the filing. It also reduced its holding in Metlife Inc (NYSE:MET) by 10,262 shares in the quarter, leaving it with 96,355 shares, and cut its stake in Kla (NASDAQ:KLAC).

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