First Republic Investment Management Upped Verizon Communications (VZ) Position; Next Century Growth Investors Has Cut Coherent (COHR) Position

April 23, 2018 - By Henry Gaston

Coherent, Inc. (NASDAQ:COHR) Logo

Next Century Growth Investors Llc decreased Coherent Inc. (COHR) stake by 15.93% reported in 2017Q4 SEC filing. Next Century Growth Investors Llc sold 11,160 shares as Coherent Inc. (COHR)’s stock declined 35.76%. The Next Century Growth Investors Llc holds 58,896 shares with $16.62 million value, down from 70,056 last quarter. Coherent Inc. now has $4.26B valuation. The stock decreased 1.16% or $2.02 during the last trading session, reaching $171.64. About 153,533 shares traded. Coherent, Inc. (NASDAQ:COHR) has declined 7.45% since April 23, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

First Republic Investment Management Inc increased Verizon Communications Inc (VZ) stake by 14.34% reported in 2017Q4 SEC filing. First Republic Investment Management Inc acquired 179,908 shares as Verizon Communications Inc (VZ)’s stock declined 11.05%. The First Republic Investment Management Inc holds 1.43 million shares with $75.95 million value, up from 1.25 million last quarter. Verizon Communications Inc now has $199.86B valuation. The stock increased 1.08% or $0.515 during the last trading session, reaching $48.415. About 5.89M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 23, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 10 have Buy rating, 0 Sell and 19 Hold. Therefore 34% are positive. Verizon Communications Inc. had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Monday, July 31 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, March 28 by HSBC. The firm has “Hold” rating by Macquarie Research given on Thursday, June 15. The rating was maintained by Citigroup with “Neutral” on Wednesday, October 21. As per Monday, November 20, the company rating was upgraded by Wells Fargo. Cowen & Co maintained Verizon Communications Inc. (NYSE:VZ) on Tuesday, January 23 with “Hold” rating. Robert W. Baird maintained the shares of VZ in report on Wednesday, January 24 with “Hold” rating. On Thursday, July 27 the stock rating was maintained by Oppenheimer with “Hold”. On Thursday, April 7 the stock rating was downgraded by Bernstein to “Market Perform”. The firm has “Hold” rating by Jefferies given on Wednesday, January 24.

Since October 27, 2017, it had 0 insider buys, and 2 selling transactions for $376,615 activity. $346,957 worth of stock was sold by Skiadas Anthony T on Tuesday, February 13. On Friday, October 27 SILLIMAN CRAIG L. sold $29,658 worth of Verizon Communications Inc. (NYSE:VZ) or 610 shares.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It increased, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Sfmg Ltd accumulated 16,071 shares. Leucadia Corporation reported 9,731 shares stake. Congress Asset Mgmt Communication Ma reported 10,924 shares or 0.01% of all its holdings. Moreover, Seminole Management Incorporated has 4.08% invested in Verizon Communications Inc. (NYSE:VZ). Cheviot Value Mngmt Ltd Liability Corp stated it has 0.44% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Whittier accumulated 284,824 shares. Shine Invest Advisory Svcs holds 0.03% in Verizon Communications Inc. (NYSE:VZ) or 1,029 shares. Matrix Asset Advisors Inc New York accumulated 186,021 shares. Acropolis Invest Mngmt Ltd Liability Company reported 0.04% stake. 24,757 are held by Summit Fin Wealth Advsrs Limited Liability Corporation. Hrt Fincl Limited Company holds 0.8% or 14,918 shares in its portfolio. Deutsche Bank & Trust Ag owns 20.81 million shares or 0.71% of their US portfolio. Bb&T Corp holds 943,993 shares or 0.93% of its portfolio. Stadion Money Ltd Liability Corporation reported 7,762 shares or 0.01% of all its holdings. Villere St Denis J & Comm Limited Liability Corp invested in 0.59% or 177,555 shares.

First Republic Investment Management Inc decreased Snap Inc (Call) stake by 130,908 shares to 2,000 valued at $11,000 in 2017Q4. It also reduced Ishares Tr (IJS) stake by 12,712 shares and now owns 20,389 shares. Discover Finl Svcs (NYSE:DFS) was reduced too.

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, November 8 by Barclays Capital. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) on Friday, January 29 with “Buy” rating. The firm has “Buy” rating by Barclays Capital given on Monday, August 7. The firm has “Buy” rating given on Tuesday, January 3 by Stifel Nicolaus. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Neutral” rating by Susquehanna on Wednesday, February 15. The firm has “Buy” rating given on Monday, March 7 by Stifel Nicolaus. The rating was upgraded by Susquehanna to “Positive” on Thursday, August 3. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Wednesday, June 28 by Longbow. Needham maintained it with “Buy” rating and $330.0 target in Wednesday, November 8 report. The firm earned “Buy” rating on Thursday, February 8 by Stifel Nicolaus.

Next Century Growth Investors Llc increased Pacific Premier Bancorp Inc (NASDAQ:PPBI) stake by 112,954 shares to 192,819 valued at $7.71M in 2017Q4. It also upped Axogen Inc (NASDAQ:AXGN) stake by 10,876 shares and now owns 667,642 shares. Ameris Bancorp (NASDAQ:ABCB) was raised too.

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.01, from 1.03 in 2017Q3. It is negative, as 43 investors sold COHR shares while 111 reduced holdings. 60 funds opened positions while 97 raised stakes. 22.70 million shares or 2.26% less from 23.23 million shares in 2017Q3 were reported. Thrivent For Lutherans invested 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Central Corp holds 15.39% in Coherent, Inc. (NASDAQ:COHR) or 340,400 shares. Hanson Mcclain stated it has 459 shares. Alps Advsrs Inc stated it has 0% in Coherent, Inc. (NASDAQ:COHR). State Of Alaska Department Of Revenue reported 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Savings Bank Of Montreal Can invested in 0% or 3,351 shares. Bokf Na invested 0.02% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Parkside Bank And reported 0.02% stake. Next Century Growth Invsts Ltd Liability invested in 2.06% or 58,896 shares. Westport Asset Management, Connecticut-based fund reported 2,500 shares. Tci Wealth Advsrs holds 9 shares or 0% of its portfolio. Boston Family Office Ltd Llc reported 3,162 shares. Whittier, California-based fund reported 48 shares. Sg Americas Limited Liability Com reported 4,309 shares. 51,027 were reported by American Group Incorporated Inc.

Coherent, Inc. (NASDAQ:COHR) Institutional Positions Chart

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