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Jp Morgan Chase (JPM) Shareholder Inverness Counsel Increased Its Stake by $13.77 Million as Market Value Declined; Portolan Capital Management Increased Its Holding in Covenant Transportation Group (CVTI) by $4.15 Million

Inverness Counsel Llc increased its stake in Jp Morgan Chase (JPM) by 149.82% based on its latest 2017Q3 regulatory filing with the SEC. Inverness Counsel Llc bought 144,972 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 241,739 shares of the major banks company at the end of 2017Q3, valued at $23.09 million, up from 96,767 at the end of the previous reported quarter. Inverness Counsel Llc who had been investing in Jp Morgan Chase for a number of months, seems to be bullish on the $391.99 billion market cap company. The stock increased 0.64% or $0.72 during the last trading session, reaching $112.99. About 14.94M shares traded or 13.33% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since January 18, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

George Mccabe increased its stake in Covenant Transportation Group Inc. (CVTI) by 85.22% based on its latest 2017Q3 regulatory filing with the SEC. Portolan Capital Management Llc bought 148,169 shares as the company’s stock declined 15.27% while stock markets rallied. The hedge fund run by George Mccabe held 322,031 shares of the transportation company at the end of 2017Q3, valued at $9.33M, up from 173,862 at the end of the previous reported quarter. Portolan Capital Management Llc who had been investing in Covenant Transportation Group Inc. for a number of months, seems to be bullish on the $509.57M market cap company. The stock increased 1.13% or $0.31 during the last trading session, reaching $27.86. About 100,941 shares traded. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has declined 12.60% since January 18, 2017 and is downtrending. It has underperformed by 29.30% the S&P500.

Portolan Capital Management Llc, which manages about $535.17M and $838.78M US Long portfolio, decreased its stake in Telenav Inc. (NASDAQ:TNAV) by 190,101 shares to 61,960 shares, valued at $393,000 in 2017Q3, according to the filing. It also reduced its holding in Central Garden & Pet Company (NASDAQ:CENT) by 176,210 shares in the quarter, leaving it with 214,068 shares, and cut its stake in J B Hunt Transport Services Inc. (NASDAQ:JBHT).

Investors sentiment increased to 1.45 in Q3 2017. Its up 0.13, from 1.32 in 2017Q2. It is positive, as 5 investors sold CVTI shares while 28 reduced holdings. 26 funds opened positions while 22 raised stakes. 10.69 million shares or 2.84% more from 10.40 million shares in 2017Q2 were reported. Moreover, Parametric Assocs Ltd Liability Corporation has 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 7,775 shares. 73 are owned by Meeder Asset Mngmt. Blackrock Inc stated it has 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Manufacturers Life Insurance The holds 0% or 10,392 shares in its portfolio. Croft stated it has 16,000 shares or 0.11% of all its holdings. Jpmorgan Chase & Co holds 0% or 4,023 shares in its portfolio. Northern invested in 148,930 shares or 0% of the stock. Moreover, Invesco Limited has 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 40,744 shares. Citadel Ltd Liability owns 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 20,110 shares. Barclays Public Ltd Co holds 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 489 shares. Goldman Sachs has 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Moreover, Deutsche Bancorp Ag has 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 13,860 shares. State Street reported 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Victory Capital reported 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Moreover, Foundry Partners Limited has 0.36% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 306,785 shares.

Since August 15, 2017, it had 0 insider purchases, and 4 sales for $7.66 million activity. 250,000 shares were sold by PARKER DAVID RAY, worth $7.19M on Wednesday, October 25. HOGAN JOEY B sold $125,138 worth of stock or 5,000 shares.

Among 4 analysts covering Covenant Transportation Group (NASDAQ:CVTI), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Covenant Transportation Group had 16 analyst reports since October 19, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of CVTI in report on Thursday, September 28 with “Hold” rating. The company was maintained on Friday, October 21 by Cowen & Co. Cowen & Co downgraded the shares of CVTI in report on Monday, October 16 to “Market Perform” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 20. Cowen & Co maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Wednesday, December 16 with “Outperform” rating. As per Friday, October 14, the company rating was maintained by Cowen & Co. The stock has “Hold” rating by Cowen & Co on Monday, October 23. The firm has “Buy” rating given on Monday, August 28 by Cowen & Co. Stifel Nicolaus downgraded Covenant Transportation Group, Inc. (NASDAQ:CVTI) rating on Thursday, January 5. Stifel Nicolaus has “Hold” rating and $20 target. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, March 23.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 16 have Buy rating, 2 Sell and 15 Hold. Therefore 48% are positive. JPMorgan Chase & Co had 107 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, January 12 by RBC Capital Markets. The firm has “Outperform” rating by Wells Fargo given on Thursday, August 10. BMO Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Thursday, April 14 with “Outperform” rating. Credit Suisse maintained the stock with “Outperform” rating in Monday, July 17 report. The firm has “Buy” rating by RBC Capital Markets given on Thursday, June 15. The firm has “Buy” rating by Jefferies given on Wednesday, October 7. The rating was upgraded by Atlantic Securities on Friday, January 15 to “Overweight”. The stock has “Neutral” rating by UBS on Friday, January 15. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. As per Wednesday, October 11, the company rating was maintained by Keefe Bruyette & Woods.

Since August 21, 2017, it had 0 insider purchases, and 2 sales for $1.12 million activity.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.28, from 1.19 in 2017Q2. It dived, as 65 investors sold JPM shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported. Terril Brothers invested in 81,679 shares or 2.5% of the stock. Altavista Wealth Management Inc invested in 37,017 shares or 1.68% of the stock. Oberweis Asset Mgmt reported 5,236 shares. Telemus Cap Ltd Company holds 0.15% in JPMorgan Chase & Co. (NYSE:JPM) or 10,158 shares. 112,904 are owned by First Bancorp. Welch And Forbes Ltd Llc reported 1.5% in JPMorgan Chase & Co. (NYSE:JPM). Dt Inv Ptnrs Lc reported 0.06% in JPMorgan Chase & Co. (NYSE:JPM). Sumitomo Mitsui Holdg invested in 10.70M shares. Advsrs Asset holds 0.46% in JPMorgan Chase & Co. (NYSE:JPM) or 287,926 shares. 2.10 million are held by Winslow Cap Management Ltd. 3,715 were accumulated by Nadler Inc. Meiji Yasuda Asset Mgmt has invested 1.38% in JPMorgan Chase & Co. (NYSE:JPM). 5,027 were reported by Valley National Advisers. Capwealth Advsr holds 0.93% or 50,897 shares in its portfolio. Fayez Sarofim And, Texas-based fund reported 4.62 million shares.

Inverness Counsel Llc, which manages about $2.49B and $1.42 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Trust (Prn) (SPY) by 9,992 shares to 4,944 shares, valued at $1.24M in 2017Q3, according to the filing. It also reduced its holding in Spon Adr by 7,530 shares in the quarter, leaving it with 291,475 shares, and cut its stake in Netease Com Inc Adr (NASDAQ:NTES).

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