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As Avid Technology (AVID) Share Value Declined, Cove Street Capital Has Increased Stake; Country Club Trust Company Increases Holding in Chevron New (CVX)

Jeffrey Bronchick increased its stake in Avid Technology Inc (AVID) by 11.23% based on its latest 2017Q3 regulatory filing with the SEC. Cove Street Capital Llc bought 685,919 shares as the company’s stock declined 10.56% while stock markets rallied. The hedge fund run by Jeffrey Bronchick held 6.79 million shares of the miscellaneous company at the end of 2017Q3, valued at $30.83 million, up from 6.11M at the end of the previous reported quarter. Cove Street Capital Llc who had been investing in Avid Technology Inc for a number of months, seems to be bullish on the $191.93M market cap company. It closed at $4.66 lastly. It is down 5.06% since February 12, 2017 and is downtrending. It has underperformed by 21.76% the S&P500.

Country Club Trust Company increased its stake in Chevron Corp New (CVX) by 7.92% based on its latest 2017Q3 regulatory filing with the SEC. Country Club Trust Company bought 6,422 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 87,461 shares of the integrated oil company at the end of 2017Q3, valued at $10.28M, up from 81,039 at the end of the previous reported quarter. Country Club Trust Company who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $215.58 billion market cap company. The stock increased 1.07% or $1.2 during the last trading session, reaching $113.5. About 10.92M shares traded or 73.23% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 12, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. Citigroup maintained it with “Buy” rating and $128 target in Monday, October 30 report. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Monday, August 3 by UBS. The company was maintained on Tuesday, October 24 by Cowen & Co. The firm has “Neutral” rating given on Monday, May 2 by UBS. Credit Suisse maintained the shares of CVX in report on Wednesday, March 9 with “Neutral” rating. The firm earned “Hold” rating on Thursday, January 4 by Bank of America. RBC Capital Markets maintained it with “Sell” rating and $100.0 target in Friday, October 27 report. On Thursday, July 6 the stock rating was maintained by RBC Capital Markets with “Underperform”. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Wednesday, December 2 by Citigroup. The company was upgraded on Wednesday, January 4 by Bank of America.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It fall, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Headinvest Limited Liability Corporation accumulated 12,877 shares. Beck Mack And Oliver Lc holds 0.27% or 70,050 shares in its portfolio. Abner Herrman & Brock Ltd Liability Corp invested in 33,642 shares or 0.7% of the stock. London Co Of Virginia owns 1.86% invested in Chevron Corporation (NYSE:CVX) for 2.21M shares. Quadrant Cap Management Ltd Llc stated it has 1.92% in Chevron Corporation (NYSE:CVX). Affinity Wealth Mngmt stated it has 1,969 shares or 0.13% of all its holdings. Cortland Advisers Ltd Company reported 1.19M shares. Mrj reported 17,302 shares. Moreover, Mondrian Invest Prtnrs Limited has 1.07% invested in Chevron Corporation (NYSE:CVX) for 360,430 shares. Redmond Asset Ltd Liability invested in 0.95% or 17,677 shares. Commonwealth Equity Ser accumulated 0.53% or 757,436 shares. Waldron Lp owns 0.27% invested in Chevron Corporation (NYSE:CVX) for 8,314 shares. Dodge & Cox, California-based fund reported 382,227 shares. Bangor Bancorp holds 21,181 shares. Atria Investments Ltd Liability Co has invested 0.3% in Chevron Corporation (NYSE:CVX).

Since August 16, 2017, it had 0 insider purchases, and 1 insider sale for $3.06 million activity. Pate R. Hewitt sold 25,500 shares worth $3.06 million.

Country Club Trust Company, which manages about $729.76 million US Long portfolio, decreased its stake in Archer Daniels Midland Co (NYSE:ADM) by 9,266 shares to 285,094 shares, valued at $12.12M in 2017Q3, according to the filing. It also reduced its holding in 3M Co (NYSE:MMM) by 2,339 shares in the quarter, leaving it with 10,557 shares, and cut its stake in Nextera Energy Inc (NYSE:NEE).

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. Dougherty & Company downgraded the stock to “Buy” rating in Tuesday, August 11 report. The stock of Avid Technology, Inc. (NASDAQ:AVID) has “Sell” rating given on Thursday, December 7 by Dougherty. The rating was downgraded by BWS Financial on Thursday, November 10 to “Hold”. Singular Research initiated Avid Technology, Inc. (NASDAQ:AVID) on Wednesday, December 9 with “Buy” rating. The firm earned “Buy” rating on Wednesday, November 11 by BWS Financial.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.55, from 1.55 in 2017Q2. It dived, as 14 investors sold AVID shares while 23 reduced holdings. 14 funds opened positions while 23 raised stakes. 28.25 million shares or 1.15% less from 28.58 million shares in 2017Q2 were reported. Millennium Mngmt Limited Liability holds 92,314 shares or 0% of its portfolio. Manufacturers Life The, Ontario – Canada-based fund reported 9,086 shares. Art Advsr Ltd Co has invested 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Ameritas Inv Prtn has 2,494 shares for 0% of their portfolio. Geode Mngmt Lc, a Massachusetts-based fund reported 280,594 shares. The New York-based Sg Americas Limited Com has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Petrus Tru Communications Lta accumulated 20,043 shares or 0.02% of the stock. Clearbridge Limited Liability Company holds 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 614,875 shares. New York State Common Retirement Fund invested in 29,500 shares. Deutsche Bancshares Ag owns 30,574 shares. D E Shaw Incorporated accumulated 22,945 shares or 0% of the stock. California State Teachers Retirement Systems holds 0% or 53,945 shares in its portfolio. Spark Investment Management Llc invested 0.01% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Tiaa Cref Investment Mngmt has 88,741 shares for 0% of their portfolio. Trexquant Investment Lp has invested 0.03% in Avid Technology, Inc. (NASDAQ:AVID).

Cove Street Capital Llc, which manages about $763.78 million and $896.45 million US Long portfolio, decreased its stake in Sally Beauty Holdings Inc (NYSE:SBH) by 44,945 shares to 1.02M shares, valued at $19.98M in 2017Q3, according to the filing. It also reduced its holding in Evine Live Inc (NASDAQ:EVLV) by 336,481 shares in the quarter, leaving it with 6.14M shares, and cut its stake in Centurylink Inc (NYSE:CTL).

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