Everett Harris & Company Has Cut Its Holding in International Business Machine (IBM) by $867,051 as Share Price Declined; As Independence Hldg Co New (IHC) Stock Price Rose, Cannell Capital Boosted Its Stake by $374,535

June 19, 2018 - By Darrin Black

Independence Holding Company (NYSE:IHC) Logo

J. Carlo Cannell increased its stake in Independence Hldg Co New (IHC) by 24.33% based on its latest 2018Q1 regulatory filing with the SEC. Cannell Capital Llc bought 10,701 shares as the company’s stock rose 29.79% while stock markets declined. The hedge fund run by J. Carlo Cannell held 54,690 shares of the life insurance company at the end of 2018Q1, valued at $1.95M, up from 43,989 at the end of the previous reported quarter. Cannell Capital Llc who had been investing in Independence Hldg Co New for a number of months, seems to be bullish on the $514.05M market cap company. The stock increased 1.45% or $0.49 during the last trading session, reaching $34.74. About 3,467 shares traded. Independence Holding Company (NYSE:IHC) has risen 90.93% since June 19, 2017 and is uptrending. It has outperformed by 78.36% the S&P500. Some Historical IHC News: 16/05/2018 – Independence Holding Company Announces Semi-Annual Cash Dividend; 05/04/2018 – Independence Holding Company Announces Connect Plus Short-Term Medical; 16/04/2018 – Independence Holding Raises Semi-Annual Dividend to 30c; 19/03/2018 – INDEPENDENCE HOLDING CO FILES FOR NON TIMELY 10-K – SEC FILING; 19/04/2018 – DJ Independence Holding Company, Inst Holders, 1Q 2018 (IHC); 09/05/2018 – Independence Holding 1Q Rev $88.3M; 16/03/2018 Independence Holding 4Q EPS $1.16; 16/04/2018 – Independence Holding Company Announces a 50% Increase in Its Annual Dividend Rate; 09/05/2018 – Independence Holding 1Q EPS 46c; 16/03/2018 – Independence Holding 4Q Rev $82.7M




Everett Harris & Company decreased its stake in International Business Machine (IBM) by 22.71% based on its latest 2018Q1 regulatory filing with the SEC. Everett Harris & Company sold 5,667 shares as the company’s stock declined 9.42% with the market. The institutional investor held 19,284 shares of the computer manufacturing company at the end of 2018Q1, valued at $2.96 million, down from 24,951 at the end of the previous reported quarter. Everett Harris & Company who had been investing in International Business Machine for a number of months, seems to be less bullish one the $131.74B market cap company. The stock decreased 0.67% or $0.97 during the last trading session, reaching $143.51. About 1.37 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since June 19, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 19/03/2018 – LegalMation to be Featured, Demonstrated at IBM Think 2018; 08/03/2018 – IBM: WILL REDUCE SHARE COUNT 2% ANNUALLY THROUGH BUYBACKS; 11/04/2018 – CA Senate Dems: Senator Portantino & IBM’s Proposal to Strengthen the High School Career Pathway Passes Education Committee; 15/03/2018 – Code42’s Data Security Solution Featured at IBM Think 2018; 17/04/2018 – IBM Generated Net Cash From Operating Activities of $4.6 Billion in 1Q; 27/03/2018 – CORRECT: IBM EARNINGS WERE NOT RELEASED; 21/05/2018 – Syncsort Advances Security Strategy with Acquisition of Townsend Security’s IBM i Data Privacy Products; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 12/04/2018 – GAO: Bid Protest – IBM Corporation B-415798: Mar 27, 2018; 08/05/2018 – Tech Data Adds IBM MaaS360 with Watson to StreamOne Cloud Marketplace

Since June 11, 2018, it had 0 buys, and 1 sale for $108,420 activity.

Another recent and important Independence Holding Company (NYSE:IHC) news was published by Prweb.com which published an article titled: “The IHC Group Inks Partnership with Toto Pet Insurance, Increasing Pet Health Insurance Portfolio” on May 30, 2018.

Investors sentiment decreased to 0.72 in Q1 2018. Its down 0.93, from 1.65 in 2017Q4. It is negative, as 3 investors sold IHC shares while 22 reduced holdings. 8 funds opened positions while 10 raised stakes. 2.17 million shares or 17.67% less from 2.64 million shares in 2017Q4 were reported. Deutsche Natl Bank Ag reported 16,880 shares stake. Tiaa Cref Invest Management Ltd Liability Co reported 0% stake. State Street Corp holds 0% or 122,449 shares in its portfolio. American Int Gru invested in 0% or 3,844 shares. Bnp Paribas Arbitrage has invested 0% in Independence Holding Company (NYSE:IHC). Sei Invs owns 696 shares for 0% of their portfolio. Legal & General Public Limited Company, a United Kingdom-based fund reported 1,135 shares. Parametric Assoc Ltd Co owns 15,818 shares or 0% of their US portfolio. New York-based Natl Bank Of Ny Mellon Corp has invested 0% in Independence Holding Company (NYSE:IHC). 15,000 were accumulated by Rbf Cap Limited Company. Alliancebernstein Lp accumulated 9,284 shares or 0% of the stock. The Massachusetts-based Geode Capital Limited Liability has invested 0% in Independence Holding Company (NYSE:IHC). Pnc Gru stated it has 204 shares or 0% of all its holdings. Meeder Asset Management holds 0% or 713 shares. California State Teachers Retirement Systems invested in 0% or 9,159 shares.

Cannell Capital Llc, which manages about $347.86M and $311.17M US Long portfolio, decreased its stake in Exterran Corp by 44,074 shares to 335,033 shares, valued at $8.95M in 2018Q1, according to the filing. It also reduced its holding in Ring Energy Inc (NYSEMKT:REI) by 332,579 shares in the quarter, leaving it with 1.53M shares, and cut its stake in Heritage Crystal Clean Inc (NASDAQ:HCCI).

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on July, 17. They expect $3.03 earnings per share, up 2.02% or $0.06 from last year’s $2.97 per share. IBM’s profit will be $2.78 billion for 11.84 P/E if the $3.03 EPS becomes a reality. After $2.45 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 23.67% EPS growth.

Everett Harris & Company, which manages about $6.37 billion and $3.61 billion US Long portfolio, upped its stake in Computer Services Inc (CSVI) by 11,362 shares to 32,467 shares, valued at $1.46 million in 2018Q1, according to the filing. It also increased its holding in Cardinal Health Inc. (NYSE:CAH) by 8,790 shares in the quarter, for a total of 22,564 shares, and has risen its stake in Ishares Core Msci Emerging Mar (IEMG).

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It increased, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Johnson Counsel holds 0.16% in International Business Machines Corporation (NYSE:IBM) or 41,350 shares. Lombard Odier Asset Mngmt (Switzerland) owns 0.07% invested in International Business Machines Corporation (NYSE:IBM) for 4,607 shares. North Carolina-based Holderness Investments Communications has invested 1.07% in International Business Machines Corporation (NYSE:IBM). Fincl Bank Of Montreal Can, Ontario – Canada-based fund reported 1.80 million shares. Triangle Secs Wealth Mngmt owns 2,642 shares for 0.23% of their portfolio. Of Toledo Na Oh reported 6,253 shares stake. Rock Point Advsr Limited Liability owns 0.13% invested in International Business Machines Corporation (NYSE:IBM) for 1,686 shares. Professional Advisory reported 0.14% stake. Agf Invests Inc invested in 273,929 shares or 0.46% of the stock. Moreover, Next Fincl Grp Incorporated Inc has 0.51% invested in International Business Machines Corporation (NYSE:IBM). Segall Bryant And Hamill Ltd Liability, Illinois-based fund reported 40,183 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv accumulated 0.21% or 144,900 shares. Putnam Fl Mngmt has invested 0.15% in International Business Machines Corporation (NYSE:IBM). 301,775 are owned by Gotham Asset Management Limited Co. Mariner Wealth Advsrs reported 3,909 shares or 0.04% of all its holdings.

Since January 31, 2018, it had 1 insider purchase, and 2 insider sales for $2.69 million activity. 610 shares valued at $99,659 were bought by WADDELL FREDERICK H on Wednesday, January 31. Clementi Erich sold $2.01 million worth of stock or 13,000 shares.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. S&P Research maintained it with “Buy” rating and $168 target in Wednesday, October 21 report. The stock has “Neutral” rating by Goldman Sachs on Tuesday, July 19. The company was maintained on Wednesday, August 30 by BMO Capital Markets. Argus Research upgraded it to “Buy” rating and $175 target in Wednesday, August 26 report. The company was upgraded on Thursday, February 18 by Morgan Stanley. The firm earned “Hold” rating on Tuesday, July 11 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Tuesday, October 20 with “Buy”. The rating was maintained by Oppenheimer on Tuesday, July 18 with “Hold”. Credit Suisse maintained it with “Underperform” rating and $110 target in Wednesday, October 12 report. Barclays Capital maintained the shares of IBM in report on Wednesday, October 18 with “Underweight” rating.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “3 Dividend Stocks That Pay You More Than IBM Does” on June 07, 2018, also 247Wallst.com with their article: “New IBM Product Can Debate Humans but Can’t Turn Around the Company” published on June 19, 2018, Seekingalpha.com published: “IBM: Hiking The Dividend Will Not Help” on May 23, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: Not Worth It” published on June 14, 2018 as well as Fool.com‘s news article titled: “IBM Unveils an AI Supercomputer” with publication date: June 11, 2018.

Independence Holding Company (NYSE:IHC) Institutional Positions Chart

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