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Black Creek Investment Management Lowered Holding in Pitney Bowes (PBI) by $990,000; Diamond Hill Capital Management Holding in Avnet (AVT) Has Lowered as Share Value Rose

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Black Creek Investment Management Inc decreased its stake in Pitney Bowes Inc (PBI) by 52.94% based on its latest 2017Q4 regulatory filing with the SEC. Black Creek Investment Management Inc sold 90,000 shares as the company’s stock declined 3.70% with the market. The institutional investor held 80,000 shares of the office equipment and supplies and services company at the end of 2017Q4, valued at $894,000, down from 170,000 at the end of the previous reported quarter. Black Creek Investment Management Inc who had been investing in Pitney Bowes Inc for a number of months, seems to be less bullish one the $1.73 billion market cap company. The stock increased 0.11% or $0.01 during the last trading session, reaching $9.22. About 1.03M shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 12.71% since May 17, 2017 and is downtrending. It has underperformed by 24.26% the S&P500.

Ric Dillon decreased its stake in Avnet Inc. (AVT) by 0.91% based on its latest 2017Q4 regulatory filing with the SEC. Diamond Hill Capital Management Inc sold 10,359 shares as the company’s stock rose 4.09% while stock markets declined. The hedge fund run by Ric Dillon held 1.13M shares of the consumer non-durables company at the end of 2017Q4, valued at $44.87 million, down from 1.14M at the end of the previous reported quarter. Diamond Hill Capital Management Inc who had been investing in Avnet Inc. for a number of months, seems to be less bullish one the $4.64 billion market cap company. The stock increased 1.08% or $0.42 during the last trading session, reaching $39.35. About 392,099 shares traded. Avnet, Inc. (NYSE:AVT) has declined 6.72% since May 17, 2017 and is downtrending. It has underperformed by 18.27% the S&P500.

Investors sentiment increased to 1.16 in 2017 Q4. Its up 0.17, from 0.99 in 2017Q3. It increased, as 29 investors sold AVT shares while 100 reduced holdings. 53 funds opened positions while 97 raised stakes. 110.65 million shares or 1.73% less from 112.60 million shares in 2017Q3 were reported. 638,369 were reported by Schwab Charles Inv Mngmt. Raymond James And Associates holds 0.01% of its portfolio in Avnet, Inc. (NASDAQ:AVT) for 127,722 shares. Fdx Advisors holds 0.02% or 16,767 shares in its portfolio. Toth Financial Advisory has invested 0% in Avnet, Inc. (NASDAQ:AVT). Wells Fargo Mn owns 685,585 shares for 0.01% of their portfolio. Becker Cap Management holds 742,768 shares or 0.97% of its portfolio. Jane Street Group Incorporated Ltd Liability holds 0% or 12,428 shares. Moreover, Northwestern Mutual Wealth Mngmt Company has 0% invested in Avnet, Inc. (NASDAQ:AVT). 771,010 are held by New York State Common Retirement Fund. Canada Pension Plan Invest Board holds 0.01% in Avnet, Inc. (NASDAQ:AVT) or 97,910 shares. First Quadrant LP Ca reported 0.03% in Avnet, Inc. (NASDAQ:AVT). Rbf Capital Ltd Com reported 15,000 shares. Ww Asset Mgmt accumulated 10,215 shares or 0.01% of the stock. Amundi Pioneer Asset Mgmt holds 54,691 shares. Mason Street Lc reported 0.05% in Avnet, Inc. (NASDAQ:AVT).

Among 11 analysts covering Avnet Inc. (NYSE:AVT), 1 have Buy rating, 2 Sell and 8 Hold. Therefore 9% are positive. Avnet Inc. had 34 analyst reports since August 6, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, September 20 report. The stock of Avnet, Inc. (NASDAQ:AVT) has “Sell” rating given on Thursday, August 11 by Citigroup. The firm has “Hold” rating given on Friday, April 28 by Suntrust Robinson. Cross Research upgraded the stock to “Hold” rating in Friday, October 27 report. The rating was downgraded by Longbow on Friday, April 28 to “Neutral”. On Tuesday, September 20 the stock rating was downgraded by Cross Research to “Sell”. SunTrust maintained the shares of AVT in report on Thursday, October 26 with “Hold” rating. The rating was initiated by Bank of America with “Neutral” on Wednesday, April 27. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, June 7 report. The company was maintained on Sunday, October 15 by Stifel Nicolaus.

Since February 13, 2018, it had 0 insider purchases, and 2 selling transactions for $661,716 activity. The insider Summers Kevin V sold 1,511 shares worth $61,452.

Diamond Hill Capital Management Inc, which manages about $12.19B and $19.96 billion US Long portfolio, upped its stake in Loews Corp. (NYSE:L) by 859,025 shares to 5.50 million shares, valued at $275.03 million in 2017Q4, according to the filing. It also increased its holding in Ugi Corp. (NYSE:UGI) by 9,152 shares in the quarter, for a total of 2.08M shares, and has risen its stake in Eastman Chemical Co. (NYSE:EMN).

More important recent Avnet, Inc. (NASDAQ:AVT) news were published by: Benzinga.com which released: “Goldman Presses Sell Button On Avnet On Incremental Risk To Semi Cycle” on May 16, 2018, also Streetinsider.com published article titled: “Goldman Sachs Downgrades Avnet (AVT) to Sell”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018. More interesting news about Avnet, Inc. (NASDAQ:AVT) was released by: Businesswire.com and their article: “Avnet Showcases Connected Ecosystem at IoT World 2018” with publication date: May 14, 2018.

Analysts await Avnet, Inc. (NASDAQ:AVT) to report earnings on August, 8. They expect $0.96 EPS, up 14.29% or $0.12 from last year’s $0.84 per share. AVT’s profit will be $113.27 million for 10.25 P/E if the $0.96 EPS becomes a reality. After $1.02 actual EPS reported by Avnet, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.15, from 1.02 in 2017Q3. It increased, as 37 investors sold PBI shares while 85 reduced holdings. 57 funds opened positions while 86 raised stakes. 137.03 million shares or 0.71% more from 136.06 million shares in 2017Q3 were reported. Lincoln National Corp has invested 0.01% in Pitney Bowes Inc. (NYSE:PBI). Hillsdale Inv Mgmt reported 26,900 shares. Riverhead Management Limited Liability holds 0.01% in Pitney Bowes Inc. (NYSE:PBI) or 15,250 shares. Profund Advsrs Ltd Limited Liability Company invested in 21,656 shares. Cetera Advisor Limited Co holds 0.01% of its portfolio in Pitney Bowes Inc. (NYSE:PBI) for 10,898 shares. Spark Invest Management Limited Liability Corp invested in 174,200 shares. Parametric Llc reported 676,407 shares or 0.01% of all its holdings. Stone Ridge Asset owns 57,536 shares. Visionary Asset Mgmt invested 0.09% in Pitney Bowes Inc. (NYSE:PBI). Glenmede Com Na invested in 0.01% or 140,800 shares. Hudock Cap Gru Lc has invested 0% in Pitney Bowes Inc. (NYSE:PBI). Nomura Inc has 15,567 shares. Fincl Svcs Corporation accumulated 500 shares or 0% of the stock. Public Sector Pension Invest Board holds 0.01% or 118,700 shares. 474,660 were reported by Susquehanna Gru Limited Liability Partnership.

Among 5 analysts covering Pitney Bowes (NYSE:PBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Pitney Bowes had 7 analyst reports since September 1, 2015 according to SRatingsIntel. Brean Capital maintained the stock with “Buy” rating in Thursday, September 17 report. The firm earned “Neutral” rating on Monday, May 15 by Sidoti. As per Tuesday, September 1, the company rating was upgraded by Zacks. The company was upgraded on Wednesday, August 2 by Sidoti. Loop Capital maintained it with “Hold” rating and $12 target in Thursday, November 2 report. The firm has “Sell” rating by Zacks given on Monday, September 7. Loop Capital Markets initiated the stock with “Hold” rating in Friday, July 28 report.

Black Creek Investment Management Inc, which manages about $2.97B and $2.66 billion US Long portfolio, upped its stake in Agrium Inc (NYSE:AGU) by 14,000 shares to 435,831 shares, valued at $50.29 million in 2017Q4, according to the filing. It also increased its holding in Oracle Corp (NYSE:ORCL) by 897,827 shares in the quarter, for a total of 5.73 million shares, and has risen its stake in Booz Allen Hamilton Hldg Cor (NYSE:BAH).

More recent Pitney Bowes Inc. (NYSE:PBI) news were published by: Seekingalpha.com which released: “Pitney Bowes: Deep Value And High Yield” on May 04, 2018. Also Seekingalpha.com published the news titled: “More on Pitney Bowes’ Q1 beat” on May 02, 2018. Businesswire.com‘s news article titled: “Pitney Bowes Document Messaging Technologies and HP Reaffirm Global Strategic Alliance for Print to Mail Solutions” with publication date: May 15, 2018 was also an interesting one.

Avnet, Inc. (NASDAQ:AVT) Institutional Positions Chart

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