Market News

Lau Associates Position in Int’l Business Machines (IBM) Decreased by $493,000 as Shares Declined; Park West Asset Management Trimmed Ellie Mae (ELLI) Stake by $6.10 Million as Market Value Rose

Peter S. Park decreased its stake in Ellie Mae Inc (ELLI) by 10.39% based on its latest 2017Q3 regulatory filing with the SEC. Park West Asset Management Llc sold 74,383 shares as the company’s stock rose 15.16% with the market. The hedge fund run by Peter S. Park held 641,862 shares of the technology company at the end of 2017Q3, valued at $52.72 million, down from 716,245 at the end of the previous reported quarter. Park West Asset Management Llc who had been investing in Ellie Mae Inc for a number of months, seems to be less bullish one the $3.11B market cap company. The stock increased 1.15% or $1.03 during the last trading session, reaching $90.79. About 477,412 shares traded or 27.59% up from the average. Ellie Mae, Inc. (NYSE:ELLI) has risen 37.10% since February 18, 2017 and is uptrending. It has outperformed by 20.40% the S&P500.

Lau Associates Llc decreased its stake in Int’l Business Machines Corp (IBM) by 36.2% based on its latest 2017Q3 regulatory filing with the SEC. Lau Associates Llc sold 3,400 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 5,991 shares of the computer manufacturing company at the end of 2017Q3, valued at $869,000, down from 9,391 at the end of the previous reported quarter. Lau Associates Llc who had been investing in Int’l Business Machines Corp for a number of months, seems to be less bullish one the $144.59B market cap company. The stock increased 0.11% or $0.17 during the last trading session, reaching $156.18. About 4.28M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 18, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Since August 16, 2017, it had 0 insider buys, and 11 insider sales for $5.17 million activity. Shares for $1.66 million were sold by Anderman Sigmund on Tuesday, January 2. Shares for $153,172 were sold by HIRSCH PETER. Shares for $235,718 were sold by Levinson Marina. 13,000 shares were sold by SCHREINER GATES CATHLEEN, worth $1.24 million. BLASING KAREN sold $172,800 worth of Ellie Mae, Inc. (NYSE:ELLI) on Wednesday, January 24. Another trade for 98 shares valued at $8,134 was made by LaVay Matthew on Friday, September 1.

Among 17 analysts covering Elli Mae (NYSE:ELLI), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Elli Mae had 54 analyst reports since July 23, 2015 according to SRatingsIntel. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Monday, August 14 by Needham. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Buy” rating by Needham on Friday, July 31. FBR Capital maintained Ellie Mae, Inc. (NYSE:ELLI) rating on Friday, April 29. FBR Capital has “Mkt Perform” rating and $85 target. FBR Capital maintained the shares of ELLI in report on Friday, February 12 with “Mkt Perform” rating. The stock of Ellie Mae, Inc. (NYSE:ELLI) has “Equal Weight” rating given on Friday, July 29 by Barclays Capital. The rating was maintained by KeyBanc Capital Markets with “Buy” on Sunday, November 19. The stock has “Overweight” rating by Barclays Capital on Thursday, October 29. The firm has “Hold” rating by RBC Capital Markets given on Sunday, September 3. As per Friday, July 31, the company rating was maintained by FBR Capital.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.08, from 1.02 in 2017Q2. It turned negative, as 34 investors sold ELLI shares while 54 reduced holdings. 25 funds opened positions while 58 raised stakes. 35.35 million shares or 3.42% more from 34.18 million shares in 2017Q2 were reported. Principal Financial Gru reported 23,230 shares. Oppenheimer Asset Mgmt holds 0.02% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI) for 11,015 shares. 105,689 were accumulated by Whetstone Capital Advsrs Lc. Teacher Retirement System Of Texas reported 2,799 shares. State Street holds 0% in Ellie Mae, Inc. (NYSE:ELLI) or 656,238 shares. First Mercantile Trust Co invested in 6,265 shares. Credit Suisse Ag reported 45,102 shares. Bank Of Ny Mellon Corporation invested 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Greenleaf holds 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI) for 308 shares. Morgan Stanley has invested 0.02% in Ellie Mae, Inc. (NYSE:ELLI). Aqr Capital Management Ltd Limited Liability Company has invested 0% in Ellie Mae, Inc. (NYSE:ELLI). Point72 Asset Mngmt Lp owns 143,100 shares. Oppenheimer Co Inc holds 0.01% or 6,503 shares. Primecap Management Ca reported 3.34M shares. Gam Holdings Ag stated it has 32,800 shares.

Park West Asset Management Llc, which manages about $1.77B and $1.68 billion US Long portfolio, upped its stake in Nexstar Media Group Inc (NASDAQ:NXST) by 1.53M shares to 1.55M shares, valued at $96.38 million in 2017Q3, according to the filing. It also increased its holding in Liberty Media Corp Delaware by 1.28 million shares in the quarter, for a total of 2.83 million shares, and has risen its stake in Masonite Intl Corp New (NYSE:DOOR).

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

Leave a Reply

Your email address will not be published. Required fields are marked *