As Universal Display (OLED) Share Value Declined, Jericho Capital Asset Management LP Has Cut Holding; Longview Asset Management Cut General Dynamics (GD) Stake as Stock Value Rose

May 20, 2018 - By Clifton Ray

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James A. Star decreased its stake in General Dynamics Corp (GD) by 0.02% based on its latest 2017Q4 regulatory filing with the SEC. Longview Asset Management Llc sold 6,023 shares as the company’s stock rose 9.09% while stock markets declined. The hedge fund run by James A. Star held 33.32M shares of the marine transportation company at the end of 2017Q4, valued at $6.78B, down from 33.33M at the end of the previous reported quarter. Longview Asset Management Llc who had been investing in General Dynamics Corp for a number of months, seems to be less bullish one the $60.16 billion market cap company. The stock increased 0.38% or $0.76 during the last trading session, reaching $202.52. About 2.02M shares traded or 31.04% up from the average. General Dynamics Corporation (NYSE:GD) has risen 19.18% since May 20, 2017 and is uptrending. It has outperformed by 7.63% the S&P500.




Josh Resnick decreased its stake in Universal Display Corp (OLED) by 47.77% based on its latest 2017Q4 regulatory filing with the SEC. Jericho Capital Asset Management Lp sold 289,000 shares as the company’s stock declined 40.02% with the market. The hedge fund run by Josh Resnick held 316,007 shares of the electrical products company at the end of 2017Q4, valued at $54.56 million, down from 605,007 at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in Universal Display Corp for a number of months, seems to be less bullish one the $4.43 billion market cap company. The stock decreased 5.81% or $5.8 during the last trading session, reaching $94.1. About 1.37M shares traded. Universal Display Corporation (NASDAQ:OLED) has risen 25.73% since May 20, 2017 and is uptrending. It has outperformed by 14.18% the S&P500.

Jericho Capital Asset Management Lp, which manages about $3.07 billion and $1.92 billion US Long portfolio, upped its stake in Sba Communications Corp New by 257,972 shares to 900,972 shares, valued at $147.18M in 2017Q4, according to the filing. It also increased its holding in Stamps Com Inc (NASDAQ:STMP) by 39,315 shares in the quarter, for a total of 605,173 shares, and has risen its stake in Tableau Software Inc (NYSE:DATA).

Among 11 analysts covering Universal Display (NASDAQ:OLED), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Universal Display had 36 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Hold” on Friday, February 24. Evercore initiated Universal Display Corporation (NASDAQ:OLED) rating on Thursday, November 30. Evercore has “Buy” rating and $225.0 target. On Tuesday, February 20 the stock rating was upgraded by Needham to “Buy”. Summit Research initiated Universal Display Corporation (NASDAQ:OLED) rating on Monday, September 28. Summit Research has “Hold” rating and $31 target. Goldman Sachs upgraded the shares of OLED in report on Monday, May 23 to “Buy” rating. The rating was initiated by Summit Redstone Partners on Monday, July 31 with “Hold”. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Buy” rating by Cowen & Co on Friday, November 10. The firm has “Buy” rating by Susquehanna given on Monday, April 23. Cowen & Co maintained Universal Display Corporation (NASDAQ:OLED) rating on Tuesday, February 20. Cowen & Co has “Buy” rating and $225.0 target. The stock has “Buy” rating by Cowen & Co on Tuesday, January 16.

More notable recent Universal Display Corporation (NASDAQ:OLED) news were published by: Nasdaq.com which released: “Report: Developing Opportunities within Crown, American Equity Investment Life Holding, Acco Brands, Synthetic …” on May 14, 2018, also Nasdaq.com with their article: “Universal Display Pops on a Deceptively Strong Quarter” published on May 05, 2018, Businesswire.com published: “Universal Display Corporation Announces First Quarter 2018 Financial Results” on May 03, 2018. More interesting news about Universal Display Corporation (NASDAQ:OLED) were released by: Streetinsider.com and their article: “Universal Display (OLED) PT Lowered to $165 at Susquehanna” published on April 23, 2018 as well as Nasdaq.com‘s news article titled: “Better Buy: Corning Inc. vs. Universal Display Corp.” with publication date: April 23, 2018.

Analysts await Universal Display Corporation (NASDAQ:OLED) to report earnings on August, 2. They expect $0.14 earnings per share, down 85.86% or $0.85 from last year’s $0.99 per share. OLED’s profit will be $6.59M for 168.04 P/E if the $0.14 EPS becomes a reality. After $0.13 actual earnings per share reported by Universal Display Corporation for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.08, from 1.27 in 2017Q3. It is negative, as 34 investors sold OLED shares while 96 reduced holdings. 69 funds opened positions while 86 raised stakes. 28.43 million shares or 3.54% less from 29.47 million shares in 2017Q3 were reported. Morgan Stanley holds 306,411 shares or 0.01% of its portfolio. New York State Common Retirement Fund invested in 0.02% or 112,754 shares. 7,451 were accumulated by Oppenheimer Asset Mngmt Inc. Teacher Retirement Of Texas invested in 0.02% or 14,392 shares. Dekabank Deutsche Girozentrale reported 29,000 shares or 0.03% of all its holdings. Tiaa Cref Investment Management Limited Com has invested 0.04% in Universal Display Corporation (NASDAQ:OLED). Highbridge Management reported 4,429 shares. Mengis Cap invested 1.16% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Qci Asset Management New York accumulated 72,327 shares. Price Cap holds 0.57% in Universal Display Corporation (NASDAQ:OLED) or 9,626 shares. Brown Brothers Harriman & Com stated it has 10 shares. Millrace Asset Grp Inc stated it has 1.08% in Universal Display Corporation (NASDAQ:OLED). Shelton Cap Mngmt accumulated 5,500 shares. 1,508 were reported by Natl Asset. Bnp Paribas Arbitrage Sa, New York-based fund reported 594 shares.

Among 22 analysts covering General Dynamics Corporation (NYSE:GD), 14 have Buy rating, 2 Sell and 6 Hold. Therefore 64% are positive. General Dynamics Corporation had 78 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, September 15 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was downgraded on Thursday, March 24 by Deutsche Bank. Wells Fargo maintained it with “Outperform” rating and $240 target in Thursday, January 25 report. Citigroup maintained General Dynamics Corporation (NYSE:GD) rating on Monday, October 9. Citigroup has “Neutral” rating and $215 target. The firm has “Buy” rating by RBC Capital Markets given on Friday, June 2. On Friday, August 11 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Buy” rating on Wednesday, July 26 by Cowen & Co. The firm has “Buy” rating by Jefferies given on Monday, January 8. Drexel Hamilton upgraded the shares of GD in report on Monday, December 21 to “Buy” rating. Argus Research upgraded General Dynamics Corporation (NYSE:GD) rating on Thursday, November 19. Argus Research has “Buy” rating and $160 target.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on July, 25. They expect $2.56 EPS, up 4.49% or $0.11 from last year’s $2.45 per share. GD’s profit will be $760.40 million for 19.78 P/E if the $2.56 EPS becomes a reality. After $2.65 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -3.40% negative EPS growth.

Since February 14, 2018, it had 0 insider purchases, and 8 insider sales for $8.28 million activity. $1.34M worth of General Dynamics Corporation (NYSE:GD) was sold by Whited Gary L. $931,045 worth of stock was sold by CASEY JOHN PATRICK on Thursday, March 8. Another trade for 3,933 shares valued at $899,843 was sold by Johnson S. Daniel. $814,050 worth of General Dynamics Corporation (NYSE:GD) shares were sold by Roualet Mark C.. Shares for $389,574 were sold by KEANE JOHN M on Wednesday, February 14.

More notable recent General Dynamics Corporation (NYSE:GD) news were published by: Fool.com which released: “Better Buy: Huntington Ingalls Industries, Inc. (HII) vs. General Dynamics (GD)” on May 18, 2018, also Investorplace.com with their article: “Trade of the Day: Two Trade Ideas in General Dynamics Corporation” published on May 11, 2018, Seekingalpha.com published: “Jet Aviation completes acquisition of Hawker Pacific” on May 02, 2018. More interesting news about General Dynamics Corporation (NYSE:GD) were released by: Streetinsider.com and their article: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “General Dynamics (GD) IT Unit Secures $9M Cloud Services Contract from US Air Force” with publication date: May 08, 2018.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.01, from 1.08 in 2017Q3. It is negative, as 43 investors sold GD shares while 328 reduced holdings. 108 funds opened positions while 290 raised stakes. 229.66 million shares or 10.22% less from 255.81 million shares in 2017Q3 were reported. South State Corp accumulated 2,906 shares. Gru One Trading LP owns 4,995 shares. Tdam Usa invested 0.05% in General Dynamics Corporation (NYSE:GD). Moreover, Quadrant Cap Mgmt Limited Liability Corp has 2.63% invested in General Dynamics Corporation (NYSE:GD) for 18,360 shares. Bath Savings Tru Com holds 0.07% or 1,318 shares. Ssi Management Incorporated holds 2,062 shares. Moreover, Aqr Mngmt Lc has 0.16% invested in General Dynamics Corporation (NYSE:GD) for 757,726 shares. Twin Inc accumulated 0.23% or 22,640 shares. Jfs Wealth Advsrs Limited Liability Company stated it has 2,250 shares. Jaffetilchin Inv Prtnrs Limited Liability Com stated it has 0.07% in General Dynamics Corporation (NYSE:GD). Cohen And Steers has 0.02% invested in General Dynamics Corporation (NYSE:GD) for 27,457 shares. Pennsylvania Tru has invested 0.05% in General Dynamics Corporation (NYSE:GD). Homrich & Berg holds 0.02% of its portfolio in General Dynamics Corporation (NYSE:GD) for 1,340 shares. Seaward Mngmt Ltd Partnership owns 0.01% invested in General Dynamics Corporation (NYSE:GD) for 1,169 shares. Savant Ltd Co holds 1,784 shares.

Universal Display Corporation (NASDAQ:OLED) Institutional Positions Chart

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