Silver Spring Networks (SSNI) Shareholder Barclays Plc Has Lifted Position by $698,288; Cove Street Capital Has Cut Its Position in Fmc (FMC) as Market Valuation Rose

February 15, 2018 - By wolcottdaily

Jeffrey Bronchick decreased its stake in Fmc Corp (FMC) by 18.83% based on its latest 2017Q3 regulatory filing with the SEC. Cove Street Capital Llc sold 38,911 shares as the company’s stock rose 27.61% with the market. The hedge fund run by Jeffrey Bronchick held 167,738 shares of the major chemicals company at the end of 2017Q3, valued at $14.98 million, down from 206,649 at the end of the previous reported quarter. Cove Street Capital Llc who had been investing in Fmc Corp for a number of months, seems to be less bullish one the $11.48B market cap company. The stock increased 0.28% or $0.24 during the last trading session, reaching $85.5. About 186,813 shares traded. FMC Corporation (NYSE:FMC) has risen 62.57% since February 15, 2017 and is uptrending. It has outperformed by 45.87% the S&P500.

Barclays Plc increased its stake in Silver Spring Networks Inc (SSNI) by 906.21% based on its latest 2017Q3 regulatory filing with the SEC. Barclays Plc bought 43,643 shares as the company’s stock declined 26.90% while stock markets rallied. The institutional investor held 48,459 shares of the technology company at the end of 2017Q3, valued at $784,000, up from 4,816 at the end of the previous reported quarter. Barclays Plc who had been investing in Silver Spring Networks Inc for a number of months, seems to be bullish on the $880.35 million market cap company. The stock increased 0.12% or $0.02 during the last trading session, reaching $16.26. About 60,308 shares traded. Silver Spring Networks, Inc. (NYSE:SSNI) has declined 21.63% since February 15, 2017 and is downtrending. It has underperformed by 38.33% the S&P500.




Since August 29, 2017, it had 0 insider purchases, and 2 selling transactions for $1.22 million activity. $1.19M worth of FMC Corporation (NYSE:FMC) was sold by UTECHT ANDREA E.

Among 32 analysts covering FMC Tech (NYSE:FMC), 20 have Buy rating, 1 Sell and 11 Hold. Therefore 63% are positive. FMC Tech had 90 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of FMC Corporation (NYSE:FMC) earned “Buy” rating by Longbow on Wednesday, February 8. Jefferies maintained the shares of FMC in report on Tuesday, July 4 with “Buy” rating. Piper Jaffray maintained the shares of FMC in report on Wednesday, August 2 with “Hold” rating. Citigroup maintained FMC Corporation (NYSE:FMC) on Monday, November 13 with “Neutral” rating. On Wednesday, August 12 the stock rating was maintained by SunTrust with “Neutral”. As per Tuesday, January 12, the company rating was initiated by Oppenheimer. The firm has “Outperform” rating given on Friday, September 18 by Cowen & Co. Credit Suisse initiated FMC Corporation (NYSE:FMC) rating on Friday, January 22. Credit Suisse has “Outperform” rating and $40 target. The rating was maintained by RBC Capital Markets on Tuesday, February 13 with “Buy”. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, November 8.

Investors sentiment increased to 1.09 in 2017 Q3. Its up 0.18, from 0.91 in 2017Q2. It is positive, as 36 investors sold FMC shares while 164 reduced holdings. 77 funds opened positions while 141 raised stakes. 118.19 million shares or 0.61% less from 118.92 million shares in 2017Q2 were reported. Prudential Finance Incorporated stated it has 0.03% in FMC Corporation (NYSE:FMC). Hardman Johnston Global Llc reported 267,356 shares or 1.02% of all its holdings. Gotham Asset Management Ltd accumulated 21,699 shares or 0.03% of the stock. Howe & Rusling has invested 0% of its portfolio in FMC Corporation (NYSE:FMC). Argent owns 4,022 shares for 0.1% of their portfolio. 33,240 were reported by Oppenheimer Asset Mngmt. Kentucky Retirement Ins Trust Fund stated it has 3,543 shares. Amica Retiree Medical, Rhode Island-based fund reported 804 shares. Moreover, Guggenheim Capital Lc has 0.09% invested in FMC Corporation (NYSE:FMC) for 410,839 shares. X Mgmt Limited Liability accumulated 1.84 million shares or 4.47% of the stock. 17,117 were accumulated by Bnp Paribas Asset Mngmt Hldgs. 15 are owned by Sit Inv Associate Incorporated. Quantbot Technologies LP invested in 0.11% or 13,130 shares. Sir Capital Mgmt Limited Partnership reported 3.25% stake. Jaffetilchin Investment Ltd Llc holds 0.22% or 10,592 shares in its portfolio.

Cove Street Capital Llc, which manages about $763.78M and $896.45 million US Long portfolio, upped its stake in Gtt Communications Inc (NYSE:GTT) by 542,525 shares to 811,310 shares, valued at $25.68M in 2017Q3, according to the filing. It also increased its holding in Tegna Inc by 1.41M shares in the quarter, for a total of 3.36 million shares, and has risen its stake in Carrols Restaurant Group Inc (NASDAQ:TAST).

Barclays Plc, which manages about $97.09 billion US Long portfolio, decreased its stake in Enbridge Inc (Put) (NYSE:ENB) by 33,490 shares to 14,000 shares, valued at $586,000 in 2017Q3, according to the filing. It also reduced its holding in Ebix Inc (NASDAQ:EBIX) by 15,084 shares in the quarter, leaving it with 3,016 shares, and cut its stake in Alexander &Amp Baldwin Inc New (NYSE:ALEX).

Among 14 analysts covering Silver Spring Networks (NYSE:SSNI), 4 have Buy rating, 0 Sell and 10 Hold. Therefore 29% are positive. Silver Spring Networks had 33 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, September 18, the company rating was downgraded by Guggenheim. Wunderlich maintained the shares of SSNI in report on Wednesday, September 28 with “Buy” rating. The rating was downgraded by Williams Financial on Monday, March 13 to “Hold”. Cowen & Co maintained Silver Spring Networks, Inc. (NYSE:SSNI) on Friday, October 20 with “Hold” rating. On Wednesday, April 26 the stock rating was initiated by Benchmark with “Hold”. The stock of Silver Spring Networks, Inc. (NYSE:SSNI) has “Outperform” rating given on Tuesday, November 8 by FBR Capital. The company was upgraded on Monday, September 7 by Pacific Crest. FBR Capital downgraded Silver Spring Networks, Inc. (NYSE:SSNI) rating on Friday, September 22. FBR Capital has “Hold” rating and $16.0 target. On Tuesday, September 8 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. On Tuesday, September 19 the stock rating was downgraded by Cowen & Co to “Hold”.

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