As Xpo Logistics (XPO) Market Valuation Rose, Shareholder Cypress Funds Boosted Its Position; Sterneck Capital Management Lowered Waddell & Reed Finl (WDR) Holding by $534,140

February 24, 2018 - By Stephen Andrade

Cypress Funds Llc increased its stake in Xpo Logistics Inc (XPO) by 13.12% based on its latest 2017Q3 regulatory filing with the SEC. Cypress Funds Llc bought 58,000 shares as the company’s stock rose 7.25% with the market. The hedge fund held 500,000 shares of the consumer services company at the end of 2017Q3, valued at $33.89M, up from 442,000 at the end of the previous reported quarter. Cypress Funds Llc who had been investing in Xpo Logistics Inc for a number of months, seems to be bullish on the $11.62 billion market cap company. The stock increased 3.56% or $3.33 during the last trading session, reaching $96.89. About 1.45 million shares traded. XPO Logistics, Inc. (NYSE:XPO) has risen 103.27% since February 24, 2017 and is uptrending. It has outperformed by 86.57% the S&P500.




Sterneck Capital Management Llc decreased its stake in Waddell & Reed Finl Inc (WDR) by 11.67% based on its latest 2017Q3 regulatory filing with the SEC. Sterneck Capital Management Llc sold 26,707 shares as the company’s stock declined 8.21% while stock markets rallied. The institutional investor held 202,076 shares of the finance company at the end of 2017Q3, valued at $4.06 million, down from 228,783 at the end of the previous reported quarter. Sterneck Capital Management Llc who had been investing in Waddell & Reed Finl Inc for a number of months, seems to be less bullish one the $1.71 billion market cap company. The stock increased 0.34% or $0.07 during the last trading session, reaching $20.66. About 589,627 shares traded. Waddell & Reed Financial, Inc. (NYSE:WDR) has declined 11.92% since February 24, 2017 and is downtrending. It has underperformed by 28.62% the S&P500.

Among 10 analysts covering Waddell & Reed Financial Inc. (NYSE:WDR), 0 have Buy rating, 4 Sell and 6 Hold. Therefore 0 are positive. Waddell & Reed Financial Inc. had 51 analyst reports since August 27, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, June 14 by Keefe Bruyette & Woods. The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) earned “Hold” rating by Jefferies on Wednesday, September 6. The rating was maintained by RBC Capital Markets on Wednesday, October 28 with “Outperform”. Citigroup maintained Waddell & Reed Financial, Inc. (NYSE:WDR) rating on Wednesday, July 27. Citigroup has “Neutral” rating and $17 target. Keefe Bruyette & Woods maintained it with “Hold” rating and $20.0 target in Monday, September 4 report. On Wednesday, August 2 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Sell” rating on Tuesday, December 15 by Citigroup. The stock has “Hold” rating by Citigroup on Wednesday, January 31. As per Wednesday, September 16, the company rating was maintained by Credit Suisse. William Blair downgraded Waddell & Reed Financial, Inc. (NYSE:WDR) on Monday, October 19 to “Market Perform” rating.

Since February 1, 2018, it had 0 insider purchases, and 1 insider sale for $132,944 activity.

Sterneck Capital Management Llc, which manages about $314.88 million and $174.40 million US Long portfolio, upped its stake in Teva Pharmaceutical Inds Ltd (NYSE:TEVA) by 80,291 shares to 212,198 shares, valued at $3.74M in 2017Q3, according to the filing. It also increased its holding in Procter And Gamble Co (NYSE:PG) by 13,915 shares in the quarter, for a total of 25,789 shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

Analysts await Waddell & Reed Financial, Inc. (NYSE:WDR) to report earnings on May, 1. They expect $0.54 EPS, up 38.46% or $0.15 from last year’s $0.39 per share. WDR’s profit will be $44.67 million for 9.56 P/E if the $0.54 EPS becomes a reality. After $0.48 actual EPS reported by Waddell & Reed Financial, Inc. for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.14, from 1.19 in 2017Q2. It dropped, as 20 investors sold WDR shares while 64 reduced holdings. 30 funds opened positions while 58 raised stakes. 79.83 million shares or 0.88% more from 79.13 million shares in 2017Q2 were reported. Deutsche Natl Bank Ag stated it has 0.01% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). Amp has invested 0.01% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). Counselors Inc invested in 0.02% or 20,950 shares. California Public Employees Retirement has invested 0.01% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). Thompson Davis Inc invested in 380 shares or 0.01% of the stock. Northern holds 0.01% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR) for 1.06M shares. Vantage Investment Advsr Ltd Liability Co invested in 0.01% or 1,000 shares. Guggenheim Cap Ltd Co reported 0.01% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). Geode Cap Management Ltd Llc has invested 0.01% in Waddell & Reed Financial, Inc. (NYSE:WDR). 33,900 are held by Louisiana State Employees Retirement. Savings Bank Of Montreal Can holds 127,276 shares. Rhumbline Advisers holds 0.01% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR) for 190,653 shares. Schwab Charles Management holds 0.01% or 615,338 shares in its portfolio. State Street holds 2.99 million shares or 0.01% of its portfolio. Pnc Fincl Services Grp Inc holds 3,109 shares.

Among 21 analysts covering XPO Logistics (NYSE:XPO), 19 have Buy rating, 0 Sell and 2 Hold. Therefore 90% are positive. XPO Logistics had 74 analyst reports since August 7, 2015 according to SRatingsIntel. On Wednesday, January 3 the stock rating was maintained by Bank of America with “Buy”. As per Wednesday, August 23, the company rating was maintained by Stifel Nicolaus. Susquehanna maintained XPO Logistics, Inc. (NYSE:XPO) on Monday, January 8 with “Buy” rating. On Wednesday, December 27 the stock rating was maintained by Macquarie Research with “Outperform”. The stock of XPO Logistics, Inc. (NYSE:XPO) has “Outperform” rating given on Monday, November 6 by Oppenheimer. The rating was maintained by Susquehanna with “Buy” on Thursday, February 8. Credit Suisse maintained XPO Logistics, Inc. (NYSE:XPO) rating on Friday, February 9. Credit Suisse has “Outperform” rating and $104 target. On Friday, July 21 the stock rating was maintained by Citigroup with “Buy”. Deutsche Bank maintained it with “Buy” rating and $133 target in Friday, February 9 report. On Friday, November 3 the stock rating was maintained by Cowen & Co with “Buy”.

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