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Stonerise Capital Management Has Cut Its Yelp (YELP) Stake by $6.88 Million as Stock Value Declined; Hexavest Decreased Its Position in Nevsun Resources (NSU) by $462,782

John C. Walker decreased its stake in Yelp Inc (YELP) by 47.1% based on its latest 2017Q3 regulatory filing with the SEC. Stonerise Capital Management Llc sold 160,000 shares as the company’s stock declined 19.70% while stock markets rallied. The hedge fund run by John C. Walker held 179,700 shares of the other consumer services company at the end of 2017Q3, valued at $7.78M, down from 339,700 at the end of the previous reported quarter. Stonerise Capital Management Llc who had been investing in Yelp Inc for a number of months, seems to be less bullish one the $3.60B market cap company. The stock increased 3.93% or $1.64 during the last trading session, reaching $43.37. About 2.95M shares traded or 95.11% up from the average. Yelp Inc. (NYSE:YELP) has risen 12.71% since February 21, 2017 and is uptrending. It has underperformed by 3.99% the S&P500.

Hexavest Inc decreased its stake in Nevsun Resources (NSU) by 12.98% based on its latest 2017Q3 regulatory filing with the SEC. Hexavest Inc sold 231,391 shares as the company’s stock declined 17.82% while stock markets rallied. The hedge fund held 1.55M shares of the precious metals company at the end of 2017Q3, valued at $3.35M, down from 1.78M at the end of the previous reported quarter. Hexavest Inc who had been investing in Nevsun Resources for a number of months, seems to be less bullish one the $650.54 million market cap company. The stock decreased 1.36% or $0.03 during the last trading session, reaching $2.18. About 527,346 shares traded. Nevsun Resources Ltd. (NYSEMKT:NSU) has declined 26.11% since February 21, 2017 and is downtrending. It has underperformed by 42.81% the S&P500.

Among 5 analysts covering Nevsun Resources (NYSEMKT:NSU), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Nevsun Resources had 8 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Macquarie Research on Monday, November 13. The firm has “Mkt Perform” rating given on Friday, December 4 by Raymond James. The firm has “Outperform” rating given on Thursday, September 3 by Raymond James.

Hexavest Inc, which manages about $16.29B and $8.16 billion US Long portfolio, upped its stake in Wesfarmers by 39,149 shares to 685,022 shares, valued at $22.22M in 2017Q3, according to the filing. It also increased its holding in Abbott Labs (NYSE:ABT) by 18,129 shares in the quarter, for a total of 1.07M shares, and has risen its stake in Target Corporation Co L (NYSE:TGT).

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.22, from 1.07 in 2017Q2. It dropped, as 32 investors sold YELP shares while 72 reduced holdings. 46 funds opened positions while 42 raised stakes. 60.04 million shares or 5.61% less from 63.60 million shares in 2017Q2 were reported. Capstone Investment has 0% invested in Yelp Inc. (NYSE:YELP). Jericho Capital Asset Management LP holds 3.28% in Yelp Inc. (NYSE:YELP) or 1.33 million shares. Tower Research Ltd Llc (Trc) reported 7,074 shares. 179,700 are owned by Stonerise Capital Mngmt Ltd. Cubist Systematic Strategies has invested 0.04% in Yelp Inc. (NYSE:YELP). Us Bancorporation De accumulated 100 shares. Goodnow Investment Group Incorporated Limited Company holds 0.48% of its portfolio in Yelp Inc. (NYSE:YELP) for 54,010 shares. Deutsche State Bank Ag holds 253,020 shares. National Bank Of New York Mellon stated it has 316,600 shares or 0% of all its holdings. 7,831 are held by Gideon Cap Advsrs. Menta Capital Ltd Llc stated it has 15,400 shares. Nj State Employees Deferred Compensation Plan stated it has 12,000 shares or 0.09% of all its holdings. Meeder Asset Mgmt holds 0% or 110 shares. Jacobs Levy Equity Mgmt reported 0.06% in Yelp Inc. (NYSE:YELP). State Street Corporation owns 1.46M shares for 0.01% of their portfolio.

Since August 22, 2017, it had 0 insider buys, and 32 insider sales for $15.15 million activity. The insider Stoppelman Jeremy sold 13,000 shares worth $550,130. $265,260 worth of Yelp Inc. (NYSE:YELP) was sold by Donaker Geoffrey L. $1.10M worth of Yelp Inc. (NYSE:YELP) was sold by Wilson Laurence. On Tuesday, August 22 Nachman Joseph R sold $204,804 worth of Yelp Inc. (NYSE:YELP) or 4,941 shares. On Tuesday, August 22 the insider Ramsay Alan sold $22,383.

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