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Platinum Investment Management LTD Trimmed Its Apple (AAPL) Position as Stock Price Declined; Lindsay (LNN) Holder Prentiss Smith & Co Has Boosted Position by $3.05 Million

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Prentiss Smith & Co Inc increased its stake in Lindsay Corporation (LNN) by 110.04% based on its latest 2017Q4 regulatory filing with the SEC. Prentiss Smith & Co Inc bought 34,637 shares as the company’s stock rose 2.11% while stock markets declined. The institutional investor held 66,114 shares of the industrial machinery and components company at the end of 2017Q4, valued at $5.83 million, up from 31,477 at the end of the previous reported quarter. Prentiss Smith & Co Inc who had been investing in Lindsay Corporation for a number of months, seems to be bullish on the $939.97 million market cap company. The stock decreased 0.92% or $0.81 during the last trading session, reaching $87.38. About 5,463 shares traded. Lindsay Corporation (NYSE:LNN) has risen 11.31% since April 26, 2017 and is uptrending. It has underperformed by 0.24% the S&P500.

Kerr Neilson decreased its stake in Apple Inc (AAPL) by 46.41% based on its latest 2017Q4 regulatory filing with the SEC. Platinum Investment Management Ltd sold 11,000 shares as the company’s stock declined 3.81% with the market. The hedge fund run by Kerr Neilson held 12,700 shares of the computer manufacturing company at the end of 2017Q4, valued at $2.15M, down from 23,700 at the end of the previous reported quarter. Platinum Investment Management Ltd who had been investing in Apple Inc for a number of months, seems to be less bullish one the $833.25B market cap company. The stock increased 0.35% or $0.57 during the last trading session, reaching $164.22. About 12.86 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 26, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Since February 2, 2018, it had 0 buys, and 1 insider sale for $270,160 activity.

Among 7 analysts covering Lindsay (NYSE:LNN), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Lindsay had 23 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Sell” on Friday, October 14. The firm has “Neutral” rating by PiperJaffray given on Monday, November 28. Piper Jaffray maintained the shares of LNN in report on Thursday, October 12 with “Hold” rating. The company was maintained on Thursday, December 21 by Stifel Nicolaus. The rating was maintained by Piper Jaffray with “Hold” on Friday, September 8. The rating was upgraded by Piper Jaffray on Monday, November 28 to “Neutral”. Seaport Global initiated it with “Neutral” rating and $67 target in Tuesday, May 24 report. Stifel Nicolaus downgraded the stock to “Sell” rating in Thursday, June 2 report. Zacks downgraded Lindsay Corporation (NYSE:LNN) on Monday, August 31 to “Buy” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, July 7.

Prentiss Smith & Co Inc, which manages about $439.26 million and $205.08 million US Long portfolio, decreased its stake in Fedex Corp (NYSE:FDX) by 35,447 shares to 1,747 shares, valued at $436,000 in 2017Q4, according to the filing.

Investors sentiment decreased to 1.2 in 2017 Q4. Its down 0.12, from 1.32 in 2017Q3. It fall, as 10 investors sold LNN shares while 45 reduced holdings. 18 funds opened positions while 48 raised stakes. 9.71 million shares or 2.35% less from 9.95 million shares in 2017Q3 were reported. Covington Capital Management reported 110 shares. Mason Street Advisors Limited Co accumulated 0.01% or 2,765 shares. 114,438 were accumulated by Stephens Inv Mngmt Group Ltd Llc. Teacher Retirement System Of Texas accumulated 0% or 3,702 shares. The New York-based Renaissance Tech has invested 0.04% in Lindsay Corporation (NYSE:LNN). Pacad Investment Limited holds 0.01% or 600 shares in its portfolio. California State Teachers Retirement Systems has invested 0% in Lindsay Corporation (NYSE:LNN). Timber Creek Capital Management Limited Liability Co reported 0.79% stake. Impax Asset Mgmt Limited stated it has 572,211 shares or 1.39% of all its holdings. Willingdon Wealth Mgmt reported 0% stake. Alliancebernstein Lp holds 17,828 shares or 0% of its portfolio. New York-based Neuberger Berman Ltd has invested 0.08% in Lindsay Corporation (NYSE:LNN). Glenmede Na accumulated 0% or 43 shares. Suffolk Mgmt Ltd Com owns 10,099 shares. Gamco Investors Et Al reported 66,000 shares stake.

Since December 7, 2017, it had 0 buys, and 5 sales for $26.72 million activity. Shares for $11.56 million were sold by SCHILLER PHILIP W on Tuesday, April 3. $6.83M worth of Apple Inc. (NASDAQ:AAPL) was sold by Maestri Luca on Thursday, April 12.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1 after the close. They expect $2.71 EPS, up 29.05% or $0.61 from last year’s $2.1 per share. AAPL’s profit will be $13.75 billion for 15.15 P/E if the $2.71 EPS becomes a reality. After $3.89 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.33% negative EPS growth.

Platinum Investment Management Ltd, which manages about $22.00 billion and $3.77 billion US Long portfolio, upped its stake in Hanesbrands Inc (NYSE:HBI) by 347,200 shares to 2.44 million shares, valued at $50.97 million in 2017Q4, according to the filing. It also increased its holding in Weibo Corp (NASDAQ:WB) by 71,990 shares in the quarter, for a total of 400,016 shares, and has risen its stake in Technipfmc Plc.

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