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Shannon River Fund Management Cut Red Hat (RHT) Stake; Melrose Bancorp (MELR)’s Sentiment Is 2

Melrose Bancorp, Inc. operates as the bank holding firm for Melrose Cooperative Bank that provides various banking services and products. The company has market cap of $52.15 million. The firm accepts a range of deposit accounts, such as savings, money market, demand, and NOW accounts, as well as certificates of deposit. It has a 26.38 P/E ratio. The Company’s loan products include one- to four-family residential real estate loans, home equity loans and lines of credit, commercial real estate loans, construction loans, and consumer loans.

Shannon River Fund Management Llc decreased Red Hat Inc (RHT) stake by 3.02% reported in 2017Q3 SEC filing. Shannon River Fund Management Llc sold 3,575 shares as Red Hat Inc (RHT)’s stock rose 4.33%. The Shannon River Fund Management Llc holds 114,825 shares with $12.73M value, down from 118,400 last quarter. Red Hat Inc now has $26.18B valuation. The stock decreased 2.07% or $3.13 during the last trading session, reaching $147.9. About 1.75M shares traded or 4.80% up from the average. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since March 24, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

Investors sentiment decreased to 1.12 in Q3 2017. Its down 0.11, from 1.23 in 2017Q2. It fall, as 43 investors sold RHT shares while 154 reduced holdings. 65 funds opened positions while 177 raised stakes. 157.62 million shares or 0.16% less from 157.87 million shares in 2017Q2 were reported. Wunderlich Managemnt reported 9,831 shares or 0.81% of all its holdings. Engineers Gate Manager LP has 41,641 shares. Sg Americas Securities Limited Liability Company accumulated 25,324 shares or 0.02% of the stock. Ls Invest Advsrs Lc has invested 0.04% in Red Hat, Inc. (NYSE:RHT). Evercore Wealth Management Limited Liability accumulated 92 shares or 0% of the stock. Glg Limited Liability Company stated it has 8,545 shares. 1St Source Natl Bank owns 15,115 shares for 0.14% of their portfolio. Nordea Invest Ab reported 0% in Red Hat, Inc. (NYSE:RHT). Counsel accumulated 24,413 shares. Farmers And Merchants Investments invested in 274 shares or 0% of the stock. Nicholas Lp, California-based fund reported 28,825 shares. Fifth Third Comml Bank holds 0.04% or 47,890 shares. Moreover, Fairfield Bush has 0.17% invested in Red Hat, Inc. (NYSE:RHT). 99,565 are held by Azimuth Mngmt Limited Liability Com. Tokio Marine Asset Mngmt Company Ltd holds 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 1,812 shares.

Shannon River Fund Management Llc increased Qad Inc (NASDAQ:QADA) stake by 11,300 shares to 195,100 valued at $6.70M in 2017Q3. It also upped 8X8 Inc New (NASDAQ:EGHT) stake by 367,459 shares and now owns 583,657 shares. Xperi Corp was raised too.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on March, 26 after the close. They expect $0.59 earnings per share, up 40.48% or $0.17 from last year’s $0.42 per share. RHT’s profit will be $104.43M for 62.67 P/E if the $0.59 EPS becomes a reality. After $0.54 actual earnings per share reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts 9.26% EPS growth.

Among 35 analysts covering Red Hat (NYSE:RHT), 25 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. Red Hat had 117 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, December 4. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 11. The rating was initiated by BTIG Research with “Buy” on Thursday, September 10. The firm earned “Buy” rating on Tuesday, September 26 by KeyBanc Capital Markets. The firm has “Neutral” rating by Bank of America given on Tuesday, January 26. The firm earned “Buy” rating on Monday, November 28 by Rosenblatt. Barclays Capital maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, December 20. Barclays Capital has “Buy” rating and $145.0 target. On Wednesday, June 21 the stock rating was maintained by Northland Capital with “Buy”. Mizuho maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, December 13. Mizuho has “Buy” rating and $140.0 target. Piper Jaffray maintained it with “Hold” rating and $110.0 target in Monday, September 25 report.

Seidman Lawrence B holds 1.54% of its portfolio in Melrose Bancorp, Inc. for 108,862 shares. Maltese Capital Management Llc owns 129,132 shares or 0.22% of their US portfolio. Moreover, Seizert Capital Partners Llc has 0.03% invested in the company for 35,208 shares. The New York-based Mendon Capital Advisors Corp has invested 0.02% in the stock. Alliancebernstein L.P., a New York-based fund reported 70,742 shares.

The stock increased 0.25% or $0.05 during the last trading session, reaching $20.05. About 425 shares traded. Melrose Bancorp, Inc. (MELR) has risen 18.83% since March 24, 2017 and is uptrending. It has outperformed by 2.13% the S&P500.

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