Tudor Investment Et Al Has Lowered Its Nike (NKE) Stake by $1.14 Million as Share Value Declined; International Business Machine (IBM) Stock Declined While Jolley Asset Management Has Cut Its Holding

February 22, 2018 - By Winifred Garcia

Jolley Asset Management Llc decreased its stake in International Business Machine (IBM) by 97.94% based on its latest 2017Q3 regulatory filing with the SEC. Jolley Asset Management Llc sold 20,793 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 438 shares of the computer manufacturing company at the end of 2017Q3, valued at $64,000, down from 21,231 at the end of the previous reported quarter. Jolley Asset Management Llc who had been investing in International Business Machine for a number of months, seems to be less bullish one the $142.54 billion market cap company. The stock decreased 0.77% or $1.2 during the last trading session, reaching $153.96. About 3.73 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 22, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Paul Tudor Jones decreased its stake in Nike Inc (NKE) by 28.3% based on its latest 2017Q3 regulatory filing with the SEC. Tudor Investment Corp Et Al sold 22,366 shares as the company’s stock declined 8.78% while stock markets rallied. The hedge fund run by Paul Tudor Jones held 56,661 shares of the consumer non-durables company at the end of 2017Q3, valued at $2.94M, down from 79,027 at the end of the previous reported quarter. Tudor Investment Corp Et Al who had been investing in Nike Inc for a number of months, seems to be less bullish one the $109.09B market cap company. The stock decreased 0.65% or $0.44 during the last trading session, reaching $67.05. About 5.11 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 22, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.




Since September 14, 2017, it had 0 buys, and 8 insider sales for $37.22 million activity. Another trade for 135,000 shares valued at $8.78M was sold by PARKER MARK G. Another trade for 16,000 shares valued at $855,206 was sold by RODGERS JOHNATHAN A. The insider Matheson Monique S. sold 10,000 shares worth $620,000. 100,000 shares were sold by SPRUNK ERIC D, worth $6.77 million. EDWARDS TREVOR A had sold 100,000 shares worth $6.85 million.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.20, from 1 in 2017Q2. It fall, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Gilman Hill Asset Mngmt Limited Liability Corp stated it has 4,000 shares or 0.08% of all its holdings. Sand Hill Advsrs Ltd holds 92,317 shares. Tributary Cap Mgmt Ltd Liability has invested 0.05% in NIKE, Inc. (NYSE:NKE). Ferguson Wellman Management has invested 0.11% of its portfolio in NIKE, Inc. (NYSE:NKE). Public Employees Retirement Sys Of Ohio holds 916,839 shares. Mai Cap Mgmt owns 142,870 shares for 0.45% of their portfolio. The New York-based Edgewood Mgmt Ltd Liability has invested 3.4% in NIKE, Inc. (NYSE:NKE). 43,202 were accumulated by Oppenheimer Asset Mngmt. Finemark Bankshares & invested in 162,427 shares or 0.56% of the stock. Chickasaw Capital Mngmt Ltd Llc stated it has 53,720 shares or 0.06% of all its holdings. First Republic Inv Mgmt reported 703,638 shares stake. Cohen And Steers Incorporated holds 0.01% in NIKE, Inc. (NYSE:NKE) or 68,120 shares. North Star Inv Mngmt holds 0.05% or 7,521 shares. Freestone Cap Ltd Liability Company reported 1.78% stake. 40,251 were accumulated by Semper Augustus Investments Ltd Liability Co.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 222 analyst reports since July 29, 2015 according to SRatingsIntel. Telsey Advisory Group upgraded NIKE, Inc. (NYSE:NKE) on Monday, August 24 to “Outperform” rating. As per Wednesday, June 29, the company rating was maintained by Canaccord Genuity. The firm earned “Outperform” rating on Wednesday, June 29 by Credit Suisse. Kelsey Advisory Group upgraded NIKE, Inc. (NYSE:NKE) on Monday, August 24 to “Market Perform” rating. The firm earned “Hold” rating on Wednesday, September 27 by Canaccord Genuity. Atlantic Securities initiated the stock with “Overweight” rating in Thursday, January 19 report. The rating was maintained by DA Davidson with “Buy” on Wednesday, December 23. The firm has “Overweight” rating given on Wednesday, September 28 by Barclays Capital. The firm has “Hold” rating given on Friday, April 7 by Piper Jaffray. B. Riley & Co downgraded NIKE, Inc. (NYSE:NKE) on Friday, August 26 to “Neutral” rating.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on March, 20. They expect $0.54 earnings per share, down 20.59% or $0.14 from last year’s $0.68 per share. NKE’s profit will be $878.54 million for 31.04 P/E if the $0.54 EPS becomes a reality. After $0.46 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

Tudor Investment Corp Et Al, which manages about $21.89B and $3.92 billion US Long portfolio, upped its stake in Pvh Corp (NYSE:PVH) by 9,465 shares to 14,247 shares, valued at $1.80M in 2017Q3, according to the filing. It also increased its holding in Manhattan Associates Incorporated (NASDAQ:MANH) by 35,493 shares in the quarter, for a total of 40,051 shares, and has risen its stake in Whiting Petroleum Corp (NYSE:WLL).

Since January 31, 2018, it had 1 buying transaction, and 0 insider sales for $99,659 activity.

Jolley Asset Management Llc, which manages about $208.23 million and $147.42 million US Long portfolio, upped its stake in Mosaic Co. (NYSE:MOS) by 33,744 shares to 194,933 shares, valued at $4.21M in 2017Q3, according to the filing.

Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.02, from 0.72 in 2017Q2. It increased, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Paragon Management Ltd owns 0.21% invested in International Business Machines Corporation (NYSE:IBM) for 3,851 shares. Saturna Capital Corporation reported 2,200 shares. Moneta Group Incorporated Advsrs Ltd Liability Co accumulated 4,954 shares or 0.11% of the stock. Moreover, Lumbard And Kellner Ltd Liability Corporation has 2.08% invested in International Business Machines Corporation (NYSE:IBM) for 26,318 shares. State Street Corporation invested 0.63% of its portfolio in International Business Machines Corporation (NYSE:IBM). Davenport And Co Limited Liability owns 47,068 shares. Meeder Asset Mngmt Incorporated holds 17,029 shares. Aspen Inv Management reported 2,885 shares stake. Riverpoint Cap Mngmt Limited Liability Corporation has invested 0.03% in International Business Machines Corporation (NYSE:IBM). Wealth Enhancement Advisory Ltd Limited Liability Company has 0.31% invested in International Business Machines Corporation (NYSE:IBM). Elm Ltd Limited Liability Company accumulated 0.8% or 6,937 shares. Flossbach Von Storch Ag has invested 4.23% in International Business Machines Corporation (NYSE:IBM). 56,828 were reported by Jacobs And Ca. Nuveen Asset Management Lc reported 228,165 shares. Cornerstone Holding Lc, a New York-based fund reported 433,608 shares.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on April, 17. They expect $2.37 EPS, down 0.42% or $0.01 from last year’s $2.38 per share. IBM’s profit will be $2.19 billion for 16.24 P/E if the $2.37 EPS becomes a reality. After $5.18 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts -54.25% negative EPS growth.

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