Epam Sys (EPAM) Shareholder Conatus Capital Management LP Has Lowered Its Position by $18.68 Million; Obermeyer Wood Investment Counsel Lllp Has Upped Its Liberty Interactive (QVCA) Stake

February 22, 2018 - By Vivian Currie

David Stemerman decreased its stake in Epam Sys Inc (EPAM) by 34.08% based on its latest 2017Q3 regulatory filing with the SEC. Conatus Capital Management Lp sold 214,706 shares as the company’s stock rose 16.98% with the market. The hedge fund run by David Stemerman held 415,291 shares of the technology company at the end of 2017Q3, valued at $36.52M, down from 629,997 at the end of the previous reported quarter. Conatus Capital Management Lp who had been investing in Epam Sys Inc for a number of months, seems to be less bullish one the $6.05B market cap company. The stock increased 1.38% or $1.56 during the last trading session, reaching $114.6. About 65,059 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 15.98% since February 22, 2017 and is uptrending. It has underperformed by 0.72% the S&P500.




Obermeyer Wood Investment Counsel Lllp increased its stake in Liberty Interactive Corp (QVCA) by 2.6% based on its latest 2017Q3 regulatory filing with the SEC. Obermeyer Wood Investment Counsel Lllp bought 33,885 shares as the company’s stock rose 23.01% with the market. The institutional investor held 1.34 million shares of the catalog and specialty distribution company at the end of 2017Q3, valued at $31.54 million, up from 1.30M at the end of the previous reported quarter. Obermeyer Wood Investment Counsel Lllp who had been investing in Liberty Interactive Corp for a number of months, seems to be bullish on the $13.84 billion market cap company. The stock increased 1.60% or $0.45 during the last trading session, reaching $28.61. About 751,570 shares traded. QVC Group (NASDAQ:QVCA) has declined 6.46% since February 22, 2017 and is downtrending. It has underperformed by 23.16% the S&P500.

Obermeyer Wood Investment Counsel Lllp, which manages about $1.68B and $1.15 billion US Long portfolio, decreased its stake in Carnival Corp (NYSE:CCL) by 7,432 shares to 258,521 shares, valued at $16.69 million in 2017Q3, according to the filing. It also reduced its holding in Cabot Oil & Gas Corp (NYSE:COG) by 17,050 shares in the quarter, leaving it with 1.07M shares, and cut its stake in Metlife Inc (NYSE:MET).

Among 14 analysts covering Liberty Interactive (NASDAQ:QVCA), 12 have Buy rating, 1 Sell and 1 Hold. Therefore 86% are positive. Liberty Interactive had 29 analyst reports since August 6, 2015 according to SRatingsIntel. Stifel Nicolaus maintained QVC Group (NASDAQ:QVCA) rating on Thursday, August 6. Stifel Nicolaus has “Buy” rating and $35 target. As per Thursday, July 20, the company rating was maintained by FBR Capital. On Friday, November 13 the stock rating was maintained by Axiom Capital with “Buy”. FBN Securities downgraded the stock to “Hold” rating in Thursday, July 6 report. The stock of QVC Group (NASDAQ:QVCA) has “Buy” rating given on Tuesday, August 18 by Brean Capital. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, January 10. On Friday, July 7 the stock rating was maintained by FBR Capital with “Buy”. The firm has “Buy” rating given on Monday, October 23 by KeyBanc Capital Markets. As per Tuesday, December 8, the company rating was initiated by Pacific Crest. As per Wednesday, May 11, the company rating was maintained by Axiom Capital.

Investors sentiment decreased to 1.47 in 2017 Q3. Its down 0.34, from 1.81 in 2017Q2. It turned negative, as 19 investors sold EPAM shares while 56 reduced holdings. 30 funds opened positions while 80 raised stakes. 44.11 million shares or 0.03% less from 44.13 million shares in 2017Q2 were reported. 47,501 are held by Nuveen Asset Limited Com. California State Teachers Retirement holds 0.02% in EPAM Systems, Inc. (NYSE:EPAM) or 78,738 shares. Ahl Prtn Limited Liability Partnership, United Kingdom-based fund reported 25,414 shares. Panagora Asset Mgmt stated it has 0.02% in EPAM Systems, Inc. (NYSE:EPAM). Toth Advisory Corporation reported 10,010 shares or 0.22% of all its holdings. Moreover, Bamco New York has 0.02% invested in EPAM Systems, Inc. (NYSE:EPAM) for 53,836 shares. Assetmark Inc invested 0% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Raymond James & invested in 3,586 shares or 0% of the stock. Retail Bank Of Ny Mellon Corp accumulated 0.01% or 216,037 shares. Oppenheimer Asset has invested 0.01% in EPAM Systems, Inc. (NYSE:EPAM). 160,000 are held by Adage Prtnrs Group Inc Limited Liability Company. Voya Invest Management Lc accumulated 0.11% or 594,068 shares. Brighton Jones Ltd has 5,758 shares for 0.07% of their portfolio. Russia Prtnrs Mngmt Limited accumulated 100% or 863,259 shares. Tcw Group Inc stated it has 192,656 shares.

Among 18 analysts covering EPAM Systems (NYSE:EPAM), 16 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. EPAM Systems had 48 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Wedbush on Monday, May 8 with “Outperform”. The company was maintained on Friday, February 17 by Needham. The stock of EPAM Systems, Inc. (NYSE:EPAM) has “Buy” rating given on Sunday, October 29 by KeyBanc Capital Markets. The stock has “Overweight” rating by Barclays Capital on Friday, August 4. UBS maintained the shares of EPAM in report on Friday, August 4 with “Buy” rating. Cowen & Co maintained the stock with “Buy” rating in Wednesday, January 31 report. As per Tuesday, February 20, the company rating was downgraded by Credit Suisse. Cantor Fitzgerald maintained EPAM Systems, Inc. (NYSE:EPAM) on Friday, May 5 with “Buy” rating. Wedbush initiated the shares of EPAM in report on Friday, September 9 with “Outperform” rating. The stock of EPAM Systems, Inc. (NYSE:EPAM) earned “Buy” rating by Monness Crespi on Thursday, March 9.

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