Trending Stock News

Harris Del (HRS) Holder M&T Bank Has Cut Holding by $464,877 as Share Price Rose; Citigroup Has Boosted Stake in Universal Display (OLED) by $2.15 Million as Shares Declined

Universal Display Corporation (NASDAQ:OLED) Logo

Citigroup Inc increased its stake in Universal Display Corp (OLED) by 54.38% based on its latest 2017Q4 regulatory filing with the SEC. Citigroup Inc bought 12,507 shares as the company’s stock declined 40.02% with the market. The institutional investor held 35,507 shares of the electrical products company at the end of 2017Q4, valued at $6.13 million, up from 23,000 at the end of the previous reported quarter. Citigroup Inc who had been investing in Universal Display Corp for a number of months, seems to be bullish on the $4.43 billion market cap company. The stock decreased 0.74% or $0.7 during the last trading session, reaching $94.05. About 883,649 shares traded. Universal Display Corporation (NASDAQ:OLED) has risen 25.73% since April 23, 2017 and is uptrending. It has outperformed by 14.18% the S&P500.

M&T Bank Corp decreased its stake in Harris Corp Del (HRS) by 19.55% based on its latest 2017Q4 regulatory filing with the SEC. M&T Bank Corp sold 3,297 shares as the company’s stock rose 12.31% while stock markets declined. The institutional investor held 13,569 shares of the industrial machinery and components company at the end of 2017Q4, valued at $1.92 million, down from 16,866 at the end of the previous reported quarter. M&T Bank Corp who had been investing in Harris Corp Del for a number of months, seems to be less bullish one the $19.95B market cap company. The stock decreased 0.51% or $0.86 during the last trading session, reaching $168. About 480,927 shares traded. Harris Corporation (NYSE:HRS) has risen 44.73% since April 23, 2017 and is uptrending. It has outperformed by 33.18% the S&P500.

Among 11 analysts covering Universal Display (NASDAQ:OLED), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Universal Display had 35 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Tuesday, February 20. On Tuesday, March 20 the stock rating was upgraded by Gabelli to “Buy”. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Hold” rating by Summit Research on Monday, September 28. The rating was maintained by Canaccord Genuity with “Hold” on Friday, February 24. Cowen & Co maintained it with “Buy” rating and $140.0 target in Wednesday, October 11 report. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Buy” rating by Susquehanna on Friday, January 5. The firm has “Hold” rating given on Wednesday, December 9 by Canaccord Genuity. The firm has “Neutral” rating by Goldman Sachs given on Friday, October 16. The stock of Universal Display Corporation (NASDAQ:OLED) has “Buy” rating given on Friday, February 23 by Susquehanna. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Buy” rating by Goldman Sachs on Monday, May 23.

Citigroup Inc, which manages about $124.75 billion US Long portfolio, decreased its stake in Iberiabank Corp (NASDAQ:IBKC) by 4,160 shares to 546 shares, valued at $42,000 in 2017Q4, according to the filing. It also reduced its holding in Clorox Co Del (Put) (NYSE:CLX) by 56,800 shares in the quarter, leaving it with 15,500 shares, and cut its stake in Kellogg Co (NYSE:K).

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.08, from 1.27 in 2017Q3. It dropped, as 34 investors sold OLED shares while 96 reduced holdings. 69 funds opened positions while 86 raised stakes. 28.43 million shares or 3.54% less from 29.47 million shares in 2017Q3 were reported. 2,087 are owned by Two Sigma Secs Lc. Moreover, Morgan Stanley has 0.01% invested in Universal Display Corporation (NASDAQ:OLED) for 306,411 shares. Sigma Planning has invested 0.29% in Universal Display Corporation (NASDAQ:OLED). Balyasny Asset Mngmt Limited Company invested 0% in Universal Display Corporation (NASDAQ:OLED). State Bank Of America De stated it has 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Evercore Wealth Mngmt Ltd Liability stated it has 0% in Universal Display Corporation (NASDAQ:OLED). Metropolitan Life Insurance reported 0.01% stake. Parkside National Bank And Trust owns 0.02% invested in Universal Display Corporation (NASDAQ:OLED) for 338 shares. Westwood Mgmt Il accumulated 17,000 shares or 0.41% of the stock. Parsons Capital Management Ri invested 0.02% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Pacad Investment Ltd stated it has 0% in Universal Display Corporation (NASDAQ:OLED). Eqis Cap Mgmt reported 0.04% stake. Price T Rowe Md reported 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Federated Invsts Inc Pa has invested 0.04% in Universal Display Corporation (NASDAQ:OLED). Public Employees Retirement System Of Ohio holds 18,042 shares or 0.02% of its portfolio.

Analysts await Harris Corporation (NYSE:HRS) to report earnings on May, 2 before the open. They expect $1.62 EPS, up 17.39% or $0.24 from last year’s $1.38 per share. HRS’s profit will be $192.35M for 25.93 P/E if the $1.62 EPS becomes a reality. After $1.67 actual EPS reported by Harris Corporation for the previous quarter, Wall Street now forecasts -2.99% negative EPS growth.

M&T Bank Corp, which manages about $19.08B US Long portfolio, upped its stake in General Mtrs Co (NYSE:GM) by 428,919 shares to 428,929 shares, valued at $17.58M in 2017Q4, according to the filing. It also increased its holding in Enterprise Prods Partners L (NYSE:EPD) by 17,530 shares in the quarter, for a total of 1.08 million shares, and has risen its stake in Genesee & Wyo Inc (NYSE:GWR).

Since February 15, 2018, it had 0 buys, and 3 insider sales for $12.22 million activity. MEHNERT DANA A sold $7.84 million worth of stock or 51,200 shares. 8,682 shares were sold by FOX SHELDON J, worth $1.35 million on Thursday, February 15.

Among 11 analysts covering Harris (NYSE:HRS), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Harris had 39 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was upgraded by Goldman Sachs on Tuesday, September 8 to “Buy”. Jefferies maintained Harris Corporation (NYSE:HRS) rating on Friday, July 14. Jefferies has “Buy” rating and $13500 target. JP Morgan upgraded Harris Corporation (NYSE:HRS) on Monday, October 12 to “Overweight” rating. The stock of Harris Corporation (NYSE:HRS) earned “Buy” rating by Jefferies on Wednesday, November 1. Jefferies initiated the stock with “Buy” rating in Thursday, December 17 report. The firm earned “Buy” rating on Tuesday, August 1 by Cowen & Co. Citigroup initiated Harris Corporation (NYSE:HRS) rating on Friday, June 10. Citigroup has “Buy” rating and $95 target. RBC Capital Markets maintained Harris Corporation (NYSE:HRS) on Wednesday, November 4 with “Outperform” rating. The stock of Harris Corporation (NYSE:HRS) earned “Overweight” rating by JP Morgan on Wednesday, November 1. The firm has “Outperform” rating by Cowen & Co given on Monday, November 7.

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.10, from 0.99 in 2017Q3. It improved, as 23 investors sold HRS shares while 207 reduced holdings. 91 funds opened positions while 160 raised stakes. 98.23 million shares or 1.10% less from 99.32 million shares in 2017Q3 were reported. Hilton Capital Mgmt Ltd Liability reported 145,076 shares. Koch accumulated 5,667 shares. Horizon Investments Ltd Limited Liability Company stated it has 12,171 shares or 0.27% of all its holdings. Leavell Inv Inc reported 0.1% of its portfolio in Harris Corporation (NYSE:HRS). 2,615 are held by Woodmont Invest Counsel Lc. Rhumbline Advisers owns 221,332 shares. Sun Life Fin stated it has 261 shares or 0% of all its holdings. Manufacturers Life Insurance The accumulated 0.02% or 151,321 shares. Oppenheimer & Incorporated owns 43,853 shares. Qs Limited Co holds 1,521 shares or 0% of its portfolio. 5,172 are owned by Jefferies Group Llc. Regentatlantic Ltd Llc holds 0.02% or 1,500 shares. Hightower Advisors Ltd Liability Com holds 0.04% or 34,144 shares. Provise Management Group Limited Com holds 2,331 shares or 0.05% of its portfolio. Boston Ptnrs has 2.66 million shares for 0.44% of their portfolio.

Harris Corporation (NYSE:HRS) Institutional Positions Chart

Leave a Reply

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