Nike Cl B Com (NKE) Stock Value Declined While Baker Boyer National Bank Decreased Its Stake by $386,686; Steel Dynamics (STLD) Holding Has Upped by Bw Gestao De Investimentos Ltda

November 15, 2017 - By Marie Mckinney

Baker Boyer National Bank decreased its stake in Nike Inc Cl B Com (NKE) by 28.91% based on its latest 2017Q2 regulatory filing with the SEC. Baker Boyer National Bank sold 6,667 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 16,393 shares of the consumer non-durables company at the end of 2017Q2, valued at $967,000, down from 23,060 at the end of the previous reported quarter. Baker Boyer National Bank who had been investing in Nike Inc Cl B Com for a number of months, seems to be less bullish one the $91.33B market cap company. The stock increased 0.16% or $0.09 during the last trading session, reaching $55.98. About shares traded. Nike Inc (NYSE:NKE) has declined 9.24% since November 15, 2016 and is downtrending. It has underperformed by 25.94% the S&P500.




Bw Gestao De Investimentos Ltda increased its stake in Steel Dynamics Inc (STLD) by 5.01% based on its latest 2017Q2 regulatory filing with the SEC. Bw Gestao De Investimentos Ltda bought 35,777 shares as the company’s stock declined 7.91% while stock markets rallied. The institutional investor held 750,350 shares of the basic industries company at the end of 2017Q2, valued at $26.87M, up from 714,573 at the end of the previous reported quarter. Bw Gestao De Investimentos Ltda who had been investing in Steel Dynamics Inc for a number of months, seems to be bullish on the $8.66B market cap company. The stock decreased 2.14% or $0.8 during the last trading session, reaching $36.55. About shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 44.39% since November 15, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 24 have Buy rating, 2 Sell and 18 Hold. Therefore 55% are positive. Nike Inc. had 194 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Wednesday, June 29 by Canaccord Genuity. The rating was maintained by Wells Fargo with “Market Perform” on Wednesday, September 27. Bank of America maintained Nike Inc (NYSE:NKE) rating on Wednesday, September 28. Bank of America has “Neutral” rating and $55 target. The company was maintained on Thursday, March 23 by Wedbush. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, June 29. The firm has “Hold” rating given on Friday, June 30 by Piper Jaffray. The rating was downgraded by Jefferies to “Hold” on Monday, August 21. The firm has “Buy” rating by Deutsche Bank given on Friday, September 25. Jefferies maintained Nike Inc (NYSE:NKE) rating on Wednesday, September 27. Jefferies has “Hold” rating and $48.0 target. UBS maintained Nike Inc (NYSE:NKE) on Monday, December 12 with “Buy” rating.

Analysts await Nike Inc (NYSE:NKE) to report earnings on December, 19. They expect $0.39 EPS, down 22.00% or $0.11 from last year’s $0.5 per share. NKE’s profit will be $636.28 million for 35.88 P/E if the $0.39 EPS becomes a reality. After $0.57 actual EPS reported by Nike Inc for the previous quarter, Wall Street now forecasts -31.58% negative EPS growth.

Since June 1, 2017, it had 0 buys, and 1 insider sale for $3.66 million activity.

Investors sentiment decreased to 1 in Q2 2017. Its down 0.07, from 1.07 in 2017Q1. It dived, as 82 investors sold NKE shares while 439 reduced holdings. 110 funds opened positions while 410 raised stakes. 994.42 million shares or 3.48% less from 1.03 billion shares in 2017Q1 were reported. Cornerstone Capital Management Ltd owns 266,911 shares. Freestone Capital Limited Liability Co accumulated 481,969 shares or 2.29% of the stock. Amarillo National Bank holds 0.18% or 8,812 shares. Bokf Na reported 118,442 shares. Iberiabank reported 0.43% stake. Veritable Lp stated it has 0.09% in Nike Inc (NYSE:NKE). United Serv Automobile Association has invested 0.11% in Nike Inc (NYSE:NKE). Wilbanks Smith Thomas Asset Mgmt Ltd Com holds 3,874 shares or 0.02% of its portfolio. Texas Yale Capital has invested 1.22% in Nike Inc (NYSE:NKE). Papp L Roy Assoc holds 72,086 shares or 0.92% of its portfolio. Citigroup holds 0.09% or 1.66 million shares in its portfolio. Delta Asset Management Limited Liability Company Tn holds 0.01% or 656 shares. Ruggie Grp Inc accumulated 572 shares. Cannell Peter B holds 857,925 shares. Old Mutual Invsts (Uk) Ltd invested 0.1% of its portfolio in Nike Inc (NYSE:NKE).

More notable recent Nike Inc (NYSE:NKE) news were published by: Seekingalpha.com which released: “Nike: Just Sell It?” on October 26, 2017, also Seekingalpha.com with their article: “Did Nike Come Up With A Winning Plan?” published on October 28, 2017, Nasdaq.com published: “Nike Inc (NKE) CHAIRMAN, PRESIDENT & CEO Mark G Parker Sold $7.4 million of Shares” on November 03, 2017. More interesting news about Nike Inc (NYSE:NKE) were released by: Fool.com and their article: “Is Nike Inc. a Buy?” published on October 16, 2017 as well as Investorplace.com‘s news article titled: “Trade of the Day: Nike Inc Could Be a Runner” with publication date: November 14, 2017.

Among 16 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Steel Dynamics Inc. had 61 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Friday, July 21. As per Tuesday, November 29, the company rating was downgraded by Macquarie Research. Cowen & Co maintained it with “Buy” rating and $4200 target in Monday, July 17 report. The firm has “Buy” rating given on Monday, August 22 by Citigroup. The rating was maintained by Bank of America with “Buy” on Friday, October 20. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, April 19. Credit Suisse maintained Steel Dynamics, Inc. (NASDAQ:STLD) on Wednesday, March 23 with “Outperform” rating. The rating was downgraded by Morgan Stanley on Tuesday, September 12 to “Equal-Weight”. The firm earned “Buy” rating on Friday, September 22 by Cowen & Co. The firm has “Buy” rating given on Friday, September 15 by Citigroup.

Investors sentiment increased to 1.26 in Q2 2017. Its up 0.19, from 1.07 in 2017Q1. It is positive, as 37 investors sold STLD shares while 134 reduced holdings. 76 funds opened positions while 139 raised stakes. 194.51 million shares or 1.42% less from 197.31 million shares in 2017Q1 were reported. Redwood Invs Limited Liability Company invested in 405,540 shares. Sei Invests Company accumulated 331,824 shares or 0.05% of the stock. Los Angeles Capital & Equity Research holds 0.01% or 35,362 shares. Union National Bank & Trust Corp reported 0.14% stake. Benjamin F Edwards accumulated 0.01% or 1,212 shares. Texas Permanent School Fund holds 176,530 shares or 0.08% of its portfolio. Ftb Incorporated reported 361 shares. First Interstate Commercial Bank accumulated 1,308 shares. Wellington Mngmt Grp Limited Liability Partnership, a Massachusetts-based fund reported 1.89 million shares. Impala Asset Ltd reported 0.09% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Moreover, Retirement Of Alabama has 0.08% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 432,914 shares. Martingale Asset Mngmt Ltd Partnership stated it has 0% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Neuberger Berman Limited Co owns 72,791 shares. 24.41M were accumulated by Vanguard Grp Inc Inc. Boothbay Fund Mngmt Ltd Llc accumulated 16,236 shares or 0.12% of the stock.

Bw Gestao De Investimentos Ltda, which manages about $372.00M US Long portfolio, decreased its stake in Marathon Petroleum Corp (NYSE:MPC) by 447,000 shares to 103,000 shares, valued at $5.39M in 2017Q2, according to the filing.

Another recent and important Steel Dynamics, Inc. (NASDAQ:STLD) news was published by Prnewswire.com which published an article titled: “Steel Dynamics Reports Third Quarter 2017 Results” on October 18, 2017.

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