G2 Investment Partners Management Cut Truecar (TRUE) Position as Valuation Rose; Cumberland Partners LTD Cut Its Holding in Starbucks (SBUX) by $4.96 Million as Stock Price Rose

February 15, 2018 - By Louis Casey

Josh Goldberg decreased its stake in Truecar Inc (TRUE) by 60.43% based on its latest 2017Q3 regulatory filing with the SEC. G2 Investment Partners Management Llc sold 154,943 shares as the company’s stock rose 21.77% with the market. The hedge fund run by Josh Goldberg held 101,472 shares of the technology company at the end of 2017Q3, valued at $1.60M, down from 256,415 at the end of the previous reported quarter. G2 Investment Partners Management Llc who had been investing in Truecar Inc for a number of months, seems to be less bullish one the $1.17B market cap company. The stock increased 3.60% or $0.4 during the last trading session, reaching $11.65. About 1.46 million shares traded. TrueCar, Inc. (NASDAQ:TRUE) has risen 161.73% since February 15, 2017 and is uptrending. It has outperformed by 145.03% the S&P500.

Andrew Wallach decreased its stake in Starbucks Corp (SBUX) by 77.7% based on its latest 2017Q3 regulatory filing with the SEC. Cumberland Partners Ltd sold 93,615 shares as the company’s stock rose 6.99% with the market. The hedge fund run by Andrew Wallach held 26,875 shares of the restaurants company at the end of 2017Q3, valued at $1.44M, down from 120,490 at the end of the previous reported quarter. Cumberland Partners Ltd who had been investing in Starbucks Corp for a number of months, seems to be less bullish one the $79.30B market cap company. The stock increased 0.77% or $0.43 during the last trading session, reaching $56.42. About 5.41M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 15, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.




Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation had 100 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Wednesday, November 1 by Mizuho. Goldman Sachs maintained Starbucks Corporation (NASDAQ:SBUX) rating on Wednesday, May 4. Goldman Sachs has “Buy” rating and $72 target. The company was maintained on Friday, January 26 by Credit Suisse. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Buy” rating by UBS on Wednesday, June 28. As per Monday, June 5, the company rating was maintained by Robert W. Baird. The rating was maintained by Oppenheimer on Friday, January 26 with “Outperform”. The firm has “Buy” rating given on Thursday, August 31 by Cowen & Co. Jefferies maintained it with “Buy” rating and $69.0 target in Friday, December 22 report. The firm has “Buy” rating by Nomura given on Friday, January 26. The firm has “Buy” rating given on Thursday, September 28 by Mizuho.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.24, from 1.21 in 2017Q2. It fall, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Crossvault Cap Mgmt Lc owns 2.4% invested in Starbucks Corporation (NASDAQ:SBUX) for 77,703 shares. Regent Investment Mgmt Ltd Llc accumulated 4,383 shares. Aviva Public Ltd Com holds 1.17 million shares or 0.34% of its portfolio. First American Fincl Bank has invested 0.08% in Starbucks Corporation (NASDAQ:SBUX). Smithfield Communication owns 3,312 shares or 0.02% of their US portfolio. Wagner Bowman Mngmt holds 0.42% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 28,188 shares. Family Management invested in 0.17% or 4,695 shares. Magnetar Fincl Llc holds 0.02% or 19,179 shares in its portfolio. Doheny Asset Management Ca has invested 1.87% in Starbucks Corporation (NASDAQ:SBUX). Nelson Roberts Advisors Ltd Liability Corporation invested in 440 shares or 0.01% of the stock. North American Mngmt holds 1.8% or 212,855 shares. Family Capital Trust Company stated it has 2.03% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Moreover, Kornitzer Cap Mngmt Ks has 0.12% invested in Starbucks Corporation (NASDAQ:SBUX). 226,000 were accumulated by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest. Empirical Financial Svcs Ltd Llc invested in 0.33% or 26,375 shares.

Cumberland Partners Ltd, which manages about $742.28M US Long portfolio, upped its stake in Becton Dickinson & Co (NYSE:BDX) by 5,635 shares to 58,490 shares, valued at $11.46 million in 2017Q3, according to the filing. It also increased its holding in Cgi Group Inc. Cls A (NYSE:GIB) by 121,005 shares in the quarter, for a total of 488,725 shares, and has risen its stake in American Intl Group New (NYSE:AIG).

Since September 7, 2017, it had 0 buys, and 3 insider sales for $13.98 million activity. 162,826 shares valued at $9.28 million were sold by BURROWS CLIFFORD on Wednesday, January 31. On Thursday, September 7 the insider ULLMAN MYRON E III sold $1.23 million.

Among 14 analysts covering TrueCar (NASDAQ:TRUE), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. TrueCar had 37 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Tuesday, November 7 by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, August 16 by Cowen & Co. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Monday, October 2. The firm has “Sector Perform” rating given on Friday, February 19 by RBC Capital Markets. On Friday, November 4 the stock rating was upgraded by Loop Capital to “Buy”. FBR Capital maintained TrueCar, Inc. (NASDAQ:TRUE) on Wednesday, January 24 with “Buy” rating. The stock of TrueCar, Inc. (NASDAQ:TRUE) has “Hold” rating given on Thursday, August 11 by Loop Capital. FBR Capital maintained the shares of TRUE in report on Friday, December 15 with “Buy” rating. The rating was upgraded by B. Riley & Co to “Neutral” on Tuesday, August 30. The firm earned “Buy” rating on Friday, November 4 by Craig Hallum.

G2 Investment Partners Management Llc, which manages about $585.42 million and $252.40 million US Long portfolio, upped its stake in Upland Software Inc by 166,412 shares to 640,913 shares, valued at $13.56M in 2017Q3, according to the filing. It also increased its holding in Rogers Corp (NYSE:ROG) by 45,849 shares in the quarter, for a total of 52,349 shares, and has risen its stake in Ehealth Inc (NASDAQ:EHTH).

Investors sentiment increased to 2.16 in Q3 2017. Its up 0.25, from 1.91 in 2017Q2. It increased, as 24 investors sold TRUE shares while 19 reduced holdings. 35 funds opened positions while 58 raised stakes. 82.38 million shares or 7.55% more from 76.60 million shares in 2017Q2 were reported. California Employees Retirement Sys reported 191,042 shares or 0% of all its holdings. Bank Of New York Mellon owns 379,586 shares. Trexquant Investment LP reported 45,645 shares or 0.18% of all its holdings. Par Cap Management Inc has 0.87% invested in TrueCar, Inc. (NASDAQ:TRUE). New York-based Diker Limited Liability Corp has invested 3.26% in TrueCar, Inc. (NASDAQ:TRUE). Caledonia (Private) Invests Pty, Australia-based fund reported 16.24 million shares. Georgia-based Vident Inv Advisory Ltd Limited Liability Company has invested 0.01% in TrueCar, Inc. (NASDAQ:TRUE). National Bank Of Montreal Can invested in 203,194 shares. J Goldman & LP has 0.68% invested in TrueCar, Inc. (NASDAQ:TRUE). Cortina Asset Management Limited Liability Corp invested in 0.25% or 384,965 shares. 23,000 are owned by Highbridge Capital Limited Company. Legal And General Grp Public Ltd Com holds 0% of its portfolio in TrueCar, Inc. (NASDAQ:TRUE) for 29,553 shares. Morgan Stanley stated it has 0.01% of its portfolio in TrueCar, Inc. (NASDAQ:TRUE). Jpmorgan Chase holds 2,539 shares or 0% of its portfolio. Moreover, Point72 Asia (Hong Kong) Limited has 0.01% invested in TrueCar, Inc. (NASDAQ:TRUE) for 827 shares.

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