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Colfax (CFX) Shareholder Golub Group Trimmed Its Holding; Novagold Res (NG) Share Price Rose While Baupost Group Has Upped Holding

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Seth Klarman increased its stake in Novagold Res Inc (NG) by 13.08% based on its latest 2017Q4 regulatory filing with the SEC. Baupost Group Llc bought 1.24 million shares as the company’s stock rose 12.85% while stock markets declined. The hedge fund run by Seth Klarman held 10.74 million shares of the precious metals company at the end of 2017Q4, valued at $42.22M, up from 9.50M at the end of the previous reported quarter. Baupost Group Llc who had been investing in Novagold Res Inc for a number of months, seems to be bullish on the $1.57B market cap company. The stock increased 0.82% or $0.04 during the last trading session, reaching $4.92. About 1.14 million shares traded. NovaGold Resources Inc. (NYSEMKT:NG) has declined 14.01% since May 17, 2017 and is downtrending. It has underperformed by 25.56% the S&P500.

Golub Group Llc decreased its stake in Colfax Corp (CFX) by 1.94% based on its latest 2017Q4 regulatory filing with the SEC. Golub Group Llc sold 11,311 shares as the company’s stock declined 20.10% with the market. The institutional investor held 570,413 shares of the fluid controls company at the end of 2017Q4, valued at $22.60 million, down from 581,724 at the end of the previous reported quarter. Golub Group Llc who had been investing in Colfax Corp for a number of months, seems to be less bullish one the $3.97 billion market cap company. The stock increased 0.53% or $0.17 during the last trading session, reaching $32.18. About 550,851 shares traded. Colfax Corporation (NYSE:CFX) has declined 17.80% since May 17, 2017 and is downtrending. It has underperformed by 29.35% the S&P500.

Among 20 analysts covering Colfax (NYSE:CFX), 11 have Buy rating, 3 Sell and 6 Hold. Therefore 55% are positive. Colfax has $52 highest and $21 lowest target. $34.07’s average target is 5.87% above currents $32.18 stock price. Colfax had 70 analyst reports since July 27, 2015 according to SRatingsIntel. On Friday, May 4 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. On Monday, July 18 the stock rating was maintained by Barclays Capital with “Equalweight”. As per Wednesday, October 18, the company rating was downgraded by Cowen & Co. The stock of Colfax Corporation (NYSE:CFX) has “Overweight” rating given on Friday, August 25 by KeyBanc Capital Markets. The rating was maintained by Citigroup on Friday, July 29 with “Sell”. The rating was maintained by Stifel Nicolaus on Sunday, October 15 with “Buy”. KeyBanc Capital Markets maintained Colfax Corporation (NYSE:CFX) on Monday, September 25 with “Buy” rating. KeyBanc Capital Markets maintained Colfax Corporation (NYSE:CFX) on Tuesday, February 6 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Buy”. Cowen & Co maintained it with “Buy” rating and $50.0 target in Tuesday, September 26 report.

Investors sentiment decreased to 0.67 in 2017 Q4. Its down 0.39, from 1.06 in 2017Q3. It is negative, as 53 investors sold CFX shares while 67 reduced holdings. 26 funds opened positions while 54 raised stakes. 93.24 million shares or 2.67% more from 90.81 million shares in 2017Q3 were reported. North Point Portfolio Managers Oh has invested 1.2% in Colfax Corporation (NYSE:CFX). Jacobs Levy Equity Mgmt accumulated 80,960 shares. Horizon Kinetics Ltd stated it has 0.22% in Colfax Corporation (NYSE:CFX). Susquehanna Intll Group Limited Liability Partnership owns 0% invested in Colfax Corporation (NYSE:CFX) for 30,442 shares. Envestnet Asset Mngmt stated it has 16,692 shares or 0% of all its holdings. Amalgamated Natl Bank has invested 0.02% in Colfax Corporation (NYSE:CFX). Bnp Paribas Arbitrage accumulated 1,377 shares. Stratos Wealth Prns Limited has 19 shares for 0% of their portfolio. Principal Gru invested in 8.28 million shares. State Common Retirement Fund has 196,200 shares for 0.01% of their portfolio. Raymond James And Assoc owns 104,463 shares. Svcs Automobile Association stated it has 146,300 shares or 0.02% of all its holdings. Carroll Fincl Associates owns 185 shares for 0% of their portfolio. Boothbay Fund Mngmt Lc has invested 0.08% of its portfolio in Colfax Corporation (NYSE:CFX). Thompson Siegel And Walmsley Ltd Llc holds 0% or 700 shares in its portfolio.

More recent Colfax Corporation (NYSE:CFX) news were published by: Globenewswire.com which released: “Colfax to Present at the 2018 Electrical Products Group Conference” on May 15, 2018. Also Seekingalpha.com published the news titled: “Colfax Corporation 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018. Globenewswire.com‘s news article titled: “Colfax Reports First Quarter 2018 Results” with publication date: May 03, 2018 was also an interesting one.

Golub Group Llc, which manages about $1.01 billion and $1.10 billion US Long portfolio, upped its stake in Expedia Inc Del (NASDAQ:EXPE) by 92,241 shares to 235,149 shares, valued at $28.16M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (LQD) by 4,532 shares in the quarter, for a total of 239,523 shares, and has risen its stake in Ishares Tr (AGG).

Analysts await Colfax Corporation (NYSE:CFX) to report earnings on July, 27. They expect $0.53 earnings per share, up 23.26% or $0.10 from last year’s $0.43 per share. CFX’s profit will be $65.45M for 15.18 P/E if the $0.53 EPS becomes a reality. After $0.48 actual earnings per share reported by Colfax Corporation for the previous quarter, Wall Street now forecasts 10.42% EPS growth.

Colfax Corporation (NYSE:CFX) Institutional Positions Chart

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