Odey Asset Management Group LTD Continues to Hold Stake in Lam Research (LRCX); State Street Holding in Brinker Intl (EAT) Boosted by $1.95 Million

February 19, 2018 - By Winifred Garcia

State Street Corp increased its stake in Brinker Intl Inc (EAT) by 3.67% based on its latest 2017Q3 regulatory filing with the SEC. State Street Corp bought 62,772 shares as the company’s stock declined 8.41% while stock markets rallied. The institutional investor held 1.77 million shares of the consumer services company at the end of 2017Q3, valued at $56.48M, up from 1.71M at the end of the previous reported quarter. State Street Corp who had been investing in Brinker Intl Inc for a number of months, seems to be bullish on the $1.52 billion market cap company. The stock decreased 3.44% or $1.17 during the last trading session, reaching $32.88. About 1.36 million shares traded. Brinker International, Inc. (NYSE:EAT) has declined 7.85% since February 19, 2017 and is downtrending. It has underperformed by 24.55% the S&P500.

Crispin Odey increased its stake in Lam Research Corp (LRCX) by 3.51% based on its latest 2017Q3 regulatory filing with the SEC. Odey Asset Management Group Ltd bought 1,741 shares as the company’s stock rose 32.64% with the market. The hedge fund run by Crispin Odey held 51,398 shares of the industrial machinery and components company at the end of 2017Q3, valued at $9.51 million, up from 49,657 at the end of the previous reported quarter. Odey Asset Management Group Ltd who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $30.62 billion market cap company. The stock increased 1.18% or $2.2 during the last trading session, reaching $187.91. About 4.34M shares traded or 20.33% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since February 19, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.




Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.26, from 0.86 in 2017Q2. It improved, as 35 investors sold EAT shares while 71 reduced holdings. 35 funds opened positions while 84 raised stakes. 52.96 million shares or 0.25% less from 53.09 million shares in 2017Q2 were reported. Quantbot Tech LP invested in 0.1% or 32,869 shares. Asset Mngmt Inc accumulated 39,695 shares. Petrus Trust Lta accumulated 9,062 shares. Axa holds 186,760 shares. King Luther Capital Mgmt holds 14,524 shares or 0% of its portfolio. Employees Retirement Association Of Colorado stated it has 0.05% in Brinker International, Inc. (NYSE:EAT). Reilly Limited invested in 0% or 150 shares. Oppenheimer Asset Incorporated holds 0.07% or 79,328 shares in its portfolio. Great West Life Assurance Can reported 0% in Brinker International, Inc. (NYSE:EAT). Cambiar Ltd Limited Liability Company reported 329,374 shares stake. Gotham Asset Mgmt Lc has 448,412 shares. Veritable Lp stated it has 9,945 shares. Moreover, Foster And Motley has 0.1% invested in Brinker International, Inc. (NYSE:EAT). Keybank Natl Association Oh holds 0% of its portfolio in Brinker International, Inc. (NYSE:EAT) for 15,000 shares. Us Fincl Bank De holds 0% or 6,005 shares.

State Street Corp, which manages about $1158.96B US Long portfolio, decreased its stake in Dycom Industries Inc (NYSE:DY) by 11,318 shares to 1.01M shares, valued at $86.91M in 2017Q3, according to the filing. It also reduced its holding in Lithia Motors Inc (NYSE:LAD) by 28,393 shares in the quarter, leaving it with 602,948 shares, and cut its stake in News Corp (NASDAQ:NWSA).

Among 24 analysts covering Brinker (NYSE:EAT), 6 have Buy rating, 2 Sell and 16 Hold. Therefore 25% are positive. Brinker had 72 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Friday, October 30 by Argus Research. The stock has “Equal-Weight” rating by Barclays Capital on Friday, August 12. The firm earned “Hold” rating on Friday, April 21 by RBC Capital Markets. On Tuesday, October 20 the stock rating was downgraded by Longbow to “Neutral”. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 7 report. The rating was maintained by Canaccord Genuity with “Hold” on Friday, January 5. Citigroup maintained the shares of EAT in report on Tuesday, February 6 with “Buy” rating. As per Thursday, June 15, the company rating was downgraded by JP Morgan. The stock has “Buy” rating by Maxim Group on Wednesday, September 30. The rating was maintained by Barclays Capital on Friday, April 7 with “Equal Weight”.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $28,286 activity.

Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 0.98 in 2017Q2. It increased, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. Pnc Grp Incorporated reported 720,189 shares or 0.14% of all its holdings. Whalerock Point Ptnrs Limited Company holds 2,065 shares or 0.13% of its portfolio. Moors And Cabot holds 2,291 shares or 0.06% of its portfolio. L S holds 10,220 shares or 0.32% of its portfolio. Cibc World Inc accumulated 4,649 shares. Lsv Asset Management holds 0.72% or 2.36M shares in its portfolio. Manchester Capital Mngmt Ltd Liability Com holds 1,459 shares. Chevy Chase Tru reported 143,807 shares or 0.12% of all its holdings. Nippon Life Insurance invested 0.04% in Lam Research Corporation (NASDAQ:LRCX). Fire Gru Incorporated invested in 5,625 shares. Atria Investments invested in 3,433 shares. Kames Capital Plc invested in 254,482 shares or 1.29% of the stock. Family Firm Inc invested 0.09% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Panagora Asset Mngmt has 0.19% invested in Lam Research Corporation (NASDAQ:LRCX). New York-based Tower Research Ltd Com (Trc) has invested 0.03% in Lam Research Corporation (NASDAQ:LRCX).

Odey Asset Management Group Ltd, which manages about $1.10 billion US Long portfolio, decreased its stake in Eog Res Inc (NYSE:EOG) by 12,437 shares to 79,422 shares, valued at $7.68 million in 2017Q3, according to the filing. It also reduced its holding in Grupo Financiero Galicia S A (NASDAQ:GGAL) by 40,924 shares in the quarter, leaving it with 174,600 shares, and cut its stake in Franco Nevada Corp (NYSE:FNV).

Since September 11, 2017, it had 0 buys, and 11 sales for $12.77 million activity. On Tuesday, September 12 ARCHER TIMOTHY sold $1.49M worth of Lam Research Corporation (NASDAQ:LRCX) or 8,691 shares. $5.47 million worth of stock was sold by Varadarajan Seshasayee on Tuesday, January 23.

Among 25 analysts covering Lam Research Corporation (NASDAQ:LRCX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation had 79 analyst reports since September 17, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $238 target in Thursday, January 25 report. The company was upgraded on Thursday, December 7 by Nomura. KeyBanc Capital Markets maintained the shares of LRCX in report on Wednesday, October 18 with “Buy” rating. As per Thursday, August 3, the company rating was downgraded by Citigroup. The firm earned “Buy” rating on Tuesday, September 12 by Argus Research. The company was maintained on Tuesday, October 17 by RBC Capital Markets. The rating was maintained by Argus Research on Thursday, October 19 with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Monday, June 5. Credit Suisse maintained the shares of LRCX in report on Wednesday, October 18 with “Buy” rating. The company was maintained on Thursday, January 25 by Stifel Nicolaus.

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