As Nvidia (NVDA) Valuation Rose, Shareholder Edgewood Management Has Cut Holding by $50.22 Million; American International Group Has Trimmed Cimarex Energy Co (XEC) Holding by $512,003 as Stock Declined

February 20, 2018 - By Michael Collier

Edgewood Management Llc decreased its stake in Nvidia Corp (NVDA) by 5.71% based on its latest 2017Q3 regulatory filing with the SEC. Edgewood Management Llc sold 282,149 shares as the company’s stock rose 26.83% with the market. The institutional investor held 4.66 million shares of the semiconductors company at the end of 2017Q3, valued at $832.69M, down from 4.94 million at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $150.13 billion market cap company. The stock increased 1.60% or $3.9 during the last trading session, reaching $247.74. About 15.23M shares traded or 0.48% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since February 20, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

American International Group Inc decreased its stake in Cimarex Energy Co (XEC) by 13.01% based on its latest 2017Q3 regulatory filing with the SEC. American International Group Inc sold 4,531 shares as the company’s stock declined 10.93% while stock markets rallied. The institutional investor held 30,291 shares of the oil & gas production company at the end of 2017Q3, valued at $3.44M, down from 34,822 at the end of the previous reported quarter. American International Group Inc who had been investing in Cimarex Energy Co for a number of months, seems to be less bullish one the $9.34B market cap company. The stock decreased 0.75% or $0.74 during the last trading session, reaching $97.99. About 833,213 shares traded. Cimarex Energy Co. (NYSE:XEC) has risen 1.88% since February 20, 2017 and is uptrending. It has underperformed by 14.82% the S&P500.




Since September 1, 2017, it had 0 buys, and 12 sales for $82.89 million activity. $119,427 worth of stock was sold by Drell Persis on Wednesday, December 20. HUANG JEN HSUN sold $18.27 million worth of stock. $31,732 worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by Kress Colette. Byron Michael sold 9,538 shares worth $1.71 million. STEVENS MARK A sold 80,250 shares worth $15.02 million. On Monday, February 12 the insider PERRY MARK L sold $3.94 million.

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. Nvidia Corporation had 185 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, July 12. The company was maintained on Friday, November 11 by Mizuho. On Friday, February 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was downgraded on Tuesday, November 3 by Needham. BMO Capital Markets downgraded NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, February 24. BMO Capital Markets has “Underperform” rating and $85 target. The firm earned “Neutral” rating on Tuesday, September 20 by SunTrust. The firm has “Buy” rating by Bank of America given on Thursday, July 6. The firm has “Underperform” rating given on Friday, July 15 by Wells Fargo. Bernstein maintained the stock with “Buy” rating in Thursday, February 8 report. The firm earned “Buy” rating on Monday, October 16 by Mizuho.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.09, from 1.21 in 2017Q2. It improved, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Kings Point Cap has invested 0% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Atria Invests Limited has invested 0.12% in NVIDIA Corporation (NASDAQ:NVDA). State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 829,595 shares. Dekabank Deutsche Girozentrale accumulated 188,463 shares. Lpl Fincl Llc owns 134,413 shares. Nepsis Mgmt Inc reported 32,098 shares stake. Sumitomo Mitsui Asset holds 1.52% or 545,372 shares in its portfolio. Old Second Bancorp Of Aurora invested in 10,110 shares. Regions Financial holds 0.02% in NVIDIA Corporation (NASDAQ:NVDA) or 8,351 shares. Macguire Cheswick & Tuttle Counsel Limited Company stated it has 3,200 shares or 0.11% of all its holdings. Janney Montgomery Scott Ltd Liability Corporation invested in 0.07% or 34,995 shares. Columbia Prtn L L C Inv Mngmt stated it has 18,919 shares. Cetera Advisors Lc has 8,504 shares. Cwm Limited Liability Co accumulated 99 shares. Fuller & Thaler Asset Mgmt has invested 0.06% in NVIDIA Corporation (NASDAQ:NVDA).

Edgewood Management Llc, which manages about $9.25B and $21.75B US Long portfolio, upped its stake in Allergan Plc by 869,248 shares to 4.45 million shares, valued at $911.19 million in 2017Q3, according to the filing. It also increased its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 1.93M shares in the quarter, for a total of 2.90M shares, and has risen its stake in Priceline Grp Inc (NASDAQ:PCLN).

Since September 5, 2017, it had 0 buys, and 11 sales for $4.27 million activity. Another trade for 913 shares valued at $96,623 was made by LOGAN HAROLD R JR on Friday, September 15. Another trade for 2,229 shares valued at $250,763 was sold by Johnson Krista L. Shares for $256,345 were sold by BELL STEPHEN P on Tuesday, September 5. Shares for $565,700 were sold by JORDEN THOMAS E. 3,000 shares valued at $337,769 were sold by Barron Francis Brian on Tuesday, December 12. Lambuth John also sold $1.48 million worth of Cimarex Energy Co. (NYSE:XEC) shares.

Among 35 analysts covering Cimarex Energy (NYSE:XEC), 22 have Buy rating, 0 Sell and 13 Hold. Therefore 63% are positive. Cimarex Energy had 126 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Cimarex Energy Co. (NYSE:XEC) has “Neutral” rating given on Thursday, August 4 by UBS. The company was initiated on Friday, October 30 by Susquehanna. The firm has “Outperform” rating given on Thursday, September 17 by Iberia Capital Partners. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Market Perform” rating by Wells Fargo on Friday, December 16. Citigroup maintained the stock with “Buy” rating in Thursday, August 11 report. The rating was initiated by Wells Fargo with “Outperform” on Wednesday, August 31. Citigroup upgraded the stock to “Buy” rating in Tuesday, January 5 report. The firm earned “Buy” rating on Wednesday, November 8 by KeyBanc Capital Markets. As per Monday, September 18, the company rating was maintained by PiperJaffray. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Buy” rating by Williams Capital Group on Wednesday, August 9.

American International Group Inc, which manages about $28.29 billion US Long portfolio, upped its stake in Curtiss Wright Corp (NYSE:CW) by 2,997 shares to 119,948 shares, valued at $12.54M in 2017Q3, according to the filing. It also increased its holding in Mb Financial Inc (NASDAQ:MBFI) by 31,403 shares in the quarter, for a total of 225,851 shares, and has risen its stake in Advanced Disposal Services I.

Analysts await Cimarex Energy Co. (NYSE:XEC) to report earnings on February, 21. They expect $1.23 EPS, up 105.00% or $0.63 from last year’s $0.6 per share. XEC’s profit will be $117.18 million for 19.92 P/E if the $1.23 EPS becomes a reality. After $1.09 actual EPS reported by Cimarex Energy Co. for the previous quarter, Wall Street now forecasts 12.84% EPS growth.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.10, from 1.05 in 2017Q2. It increased, as 40 investors sold XEC shares while 128 reduced holdings. 56 funds opened positions while 137 raised stakes. 86.51 million shares or 3.87% more from 83.28 million shares in 2017Q2 were reported. Cushing Asset Mgmt Limited Partnership invested in 12,000 shares or 0.04% of the stock. 1.19 million are owned by Cap Research Glob Investors. Folger Nolan Fleming Douglas Cap Mgmt Inc accumulated 0.07% or 4,000 shares. Pcj Invest Counsel Ltd holds 0.07% of its portfolio in Cimarex Energy Co. (NYSE:XEC) for 10,000 shares. Robeco Institutional Asset Management Bv holds 0% of its portfolio in Cimarex Energy Co. (NYSE:XEC) for 5,675 shares. Raymond James Ser Advsrs reported 3,484 shares. Mason Street Llc stated it has 13,226 shares or 0.04% of all its holdings. Artisan Ltd Partnership has 1.14M shares. Comerica Savings Bank accumulated 28,950 shares or 0.02% of the stock. Benjamin F Edwards & holds 2,077 shares or 0.03% of its portfolio. Mitsubishi Ufj Limited has 130 shares. Old Mutual Global Investors (Uk) Limited reported 129 shares. Delta Asset Mngmt Lc Tn accumulated 75 shares. Magnetar Llc holds 0.03% or 10,758 shares. Optimum Advisors owns 2,470 shares for 0.09% of their portfolio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts