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Schwartz Investment Counsel Decreased Avnet (AVT) Position By $3.12 Million; Pultegroup (PHM) Sellers Increased By 8.92% Their Shorts

Schwartz Investment Counsel Inc decreased Avnet Inc (AVT) stake by 50% reported in 2017Q3 SEC filing. Schwartz Investment Counsel Inc sold 80,000 shares as Avnet Inc (AVT)’s stock declined 20.08%. The Schwartz Investment Counsel Inc holds 80,000 shares with $3.14M value, down from 160,000 last quarter. Avnet Inc now has $5.07 billion valuation. The stock decreased 0.28% or $0.12 during the last trading session, reaching $42.26. About 642,494 shares traded. Avnet, Inc. (NYSE:AVT) has declined 4.87% since February 18, 2017 and is downtrending. It has underperformed by 21.57% the S&P500.

Pultegroup Incorporated (NYSE:PHM) had an increase of 8.92% in short interest. PHM’s SI was 17.25M shares in February as released by FINRA. Its up 8.92% from 15.84M shares previously. With 5.08 million avg volume, 3 days are for Pultegroup Incorporated (NYSE:PHM)’s short sellers to cover PHM’s short positions. The SI to Pultegroup Incorporated’s float is 5.91%. The stock increased 0.81% or $0.24 during the last trading session, reaching $29.74. About 4.99 million shares traded or 0.63% up from the average. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since February 18, 2017 and is uptrending. It has outperformed by 13.32% the S&P500.

Since October 26, 2017, it had 0 insider purchases, and 2 sales for $7.21 million activity. $3.15 million worth of PulteGroup, Inc. (NYSE:PHM) shares were sold by OShaughnessy Robert. 136,912 shares were sold by Ellinghausen James R, worth $4.07 million.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.15, from 0.91 in 2017Q2. It dropped, as 33 investors sold PulteGroup, Inc. shares while 187 reduced holdings. 46 funds opened positions while 121 raised stakes. 244.94 million shares or 1.98% less from 249.89 million shares in 2017Q2 were reported. Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.06% invested in PulteGroup, Inc. (NYSE:PHM) for 26,448 shares. Parkside Bankshares has invested 0% in PulteGroup, Inc. (NYSE:PHM). Marketfield Asset invested in 2.43% or 340,958 shares. Advisory owns 38,581 shares. Smith Salley Assoc holds 0.12% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 22,500 shares. Mirae Asset Global Invests stated it has 0.05% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Gulf Intl State Bank (Uk) Ltd owns 97,964 shares. Kentucky Retirement Fund invested in 0.04% or 7,508 shares. Camarda Financial Advisors Lc reported 711 shares. Bb&T Securities Ltd Liability Corp holds 51,782 shares or 0.02% of its portfolio. Mitsubishi Ufj Tru And Bk Corp has invested 0.03% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Citigroup reported 0% in PulteGroup, Inc. (NYSE:PHM). Pggm Invests accumulated 184,400 shares. Hexavest, Quebec – Canada-based fund reported 3.18M shares. 417,885 are held by Premier Asset Management Limited Liability.

PulteGroup, Inc., through its subsidiaries, engages primarily in the homebuilding business in the United States. The company has market cap of $8.52 billion. The firm is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It has a 20.61 P/E ratio. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

Among 22 analysts covering PulteGroup (NYSE:PHM), 7 have Buy rating, 2 Sell and 13 Hold. Therefore 32% are positive. PulteGroup had 67 analyst reports since September 11, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, April 5 by JP Morgan. The rating was upgraded by Wedbush on Thursday, July 13 to “Neutral”. The stock has “Hold” rating by Zelman on Monday, April 4. The rating was downgraded by B. Riley & Co on Wednesday, January 3 to “Neutral”. Barclays Capital upgraded PulteGroup, Inc. (NYSE:PHM) on Wednesday, April 6 to “Equal-Weight” rating. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Sell” rating by Citigroup on Friday, October 20. Barclays Capital initiated the shares of PHM in report on Friday, January 6 with “Overweight” rating. The company was upgraded on Tuesday, January 30 by Credit Suisse. On Wednesday, October 25 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm earned “Equal-Weight” rating on Tuesday, July 11 by Barclays Capital.

Among 11 analysts covering Avnet Inc. (NYSE:AVT), 1 have Buy rating, 2 Sell and 8 Hold. Therefore 9% are positive. Avnet Inc. had 32 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Sell” rating by Citigroup on Thursday, August 11. On Friday, July 14 the stock rating was downgraded by Bank of America to “Underperform”. The stock of Avnet, Inc. (NYSE:AVT) has “Hold” rating given on Friday, April 28 by Suntrust Robinson. The rating was downgraded by Cross Research on Tuesday, September 20 to “Sell”. Citigroup maintained Avnet, Inc. (NYSE:AVT) rating on Thursday, September 22. Citigroup has “Sell” rating and $35 target. As per Tuesday, June 7, the company rating was upgraded by Goldman Sachs. The rating was maintained by Stifel Nicolaus on Wednesday, August 9 with “Hold”. Longbow upgraded the shares of AVT in report on Friday, October 21 to “Buy” rating. The stock of Avnet, Inc. (NYSE:AVT) has “Hold” rating given on Friday, April 29 by Brean Capital. The rating was upgraded by Goldman Sachs on Friday, January 5 to “Neutral”.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.15, from 0.84 in 2017Q2. It increased, as 31 investors sold AVT shares while 107 reduced holdings. 45 funds opened positions while 91 raised stakes. 112.60 million shares or 3.41% less from 116.57 million shares in 2017Q2 were reported. Assetmark invested 0% of its portfolio in Avnet, Inc. (NYSE:AVT). Pinebridge Investments LP owns 31,977 shares. Arizona State Retirement System has invested 0.03% of its portfolio in Avnet, Inc. (NYSE:AVT). State Common Retirement Fund holds 0.04% or 831,670 shares. Dnb Asset Mgmt As stated it has 19,923 shares. Iat Reinsurance Com Limited reported 12,000 shares or 0.07% of all its holdings. Old Mutual Customised Solutions (Proprietary) reported 4,700 shares. Exane Derivatives invested in 2,489 shares or 0.02% of the stock. Morgan Stanley invested in 0.02% or 1.30M shares. Natixis Asset Mgmt reported 0.04% stake. Eaton Vance Management accumulated 404,789 shares. Maplelane Capital Ltd Liability Corporation invested 0.31% in Avnet, Inc. (NYSE:AVT). Ameritas Inv Prtnrs holds 0.07% in Avnet, Inc. (NYSE:AVT) or 37,405 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.27% in Avnet, Inc. (NYSE:AVT) or 75,293 shares. 313,115 were accumulated by Raymond James And Associates.

Schwartz Investment Counsel Inc increased Axalta Coating Sys Ltd stake by 36,000 shares to 273,300 valued at $7.90M in 2017Q3. It also upped Arrow Electrs Inc (NYSE:ARW) stake by 30,000 shares and now owns 112,000 shares. Msc Indl Direct Inc (NYSE:MSM) was raised too.

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