Christopher A. Winham decreased its stake in Textron Inc (TXT) by 35.65% based on its latest 2017Q3 regulatory filing with the SEC. Tide Point Capital Management Lp sold 608,637 shares as the company’s stock declined 3.85% while stock markets rallied. The hedge fund run by Christopher A. Winham held 1.10 million shares of the aerospace company at the end of 2017Q3, valued at $59.20M, down from 1.71 million at the end of the previous reported quarter. Tide Point Capital Management Lp who had been investing in Textron Inc for a number of months, seems to be less bullish one the $15.77B market cap company. The stock decreased 1.28% or $0.78 during the last trading session, reaching $60.25. About 1.33M shares traded. Textron Inc. (NYSE:TXT) has risen 23.87% since February 28, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.
Kornitzer Capital Management Inc decreased its stake in Equinix Inc (EQIX) by 13.45% based on its latest 2017Q3 regulatory filing with the SEC. Kornitzer Capital Management Inc sold 11,785 shares as the company’s stock rose 14.02% with the market. The institutional investor held 75,814 shares of the consumer services company at the end of 2017Q3, valued at $33.84M, down from 87,599 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Equinix Inc for a number of months, seems to be less bullish one the $30.61B market cap company. The stock decreased 0.75% or $2.97 during the last trading session, reaching $391.21. About 513,744 shares traded. Equinix, Inc. (NASDAQ:EQIX) has risen 24.40% since February 28, 2017 and is uptrending. It has outperformed by 7.70% the S&P500.
Among 23 analysts covering Equinix (NASDAQ:EQIX), 22 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix had 66 analyst reports since July 31, 2015 according to SRatingsIntel. Credit Suisse maintained Equinix, Inc. (NASDAQ:REIT) rating on Wednesday, January 17. Credit Suisse has “Buy” rating and $524.0 target. The stock of Equinix, Inc. (NASDAQ:REIT) has “Buy” rating given on Tuesday, January 5 by Stifel Nicolaus. On Thursday, August 4 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Buy” rating by Canaccord Genuity on Thursday, July 30. On Friday, August 12 the stock rating was maintained by Canaccord Genuity with “Buy”. Credit Suisse maintained Equinix, Inc. (NASDAQ:REIT) rating on Thursday, November 2. Credit Suisse has “Outperform” rating and $515 target. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, September 17. Canaccord Genuity maintained Equinix, Inc. (NASDAQ:REIT) rating on Thursday, May 11. Canaccord Genuity has “Buy” rating and $525 target. Jefferies maintained the stock with “Hold” rating in Tuesday, September 5 report. Jefferies maintained it with “Hold” rating and $475.0 target in Thursday, February 15 report.
Kornitzer Capital Management Inc, which manages about $11.35 billion and $5.73B US Long portfolio, upped its stake in American Tower Corp (Reit) (NYSE:AMT) by 3,805 shares to 131,085 shares, valued at $17.92 million in 2017Q3, according to the filing. It also increased its holding in Wabco Holdings (NYSE:WBC) by 8,335 shares in the quarter, for a total of 198,018 shares, and has risen its stake in Compass Minerals Internation (NYSE:CMP).
Since September 1, 2017, it had 0 insider buys, and 17 selling transactions for $20.84 million activity. Campbell Michael Earl sold $656,063 worth of stock or 1,427 shares. Shares for $2.71 million were sold by STROHMEYER KARL. Another trade for 1,593 shares valued at $703,395 was sold by VAN CAMP PETER. $756,216 worth of Equinix, Inc. (NASDAQ:REIT) was sold by Meyers Charles J. Schwartz Eric sold 2,442 shares worth $981,648. $4.74M worth of Equinix, Inc. (NASDAQ:REIT) was sold by Smith Stephen M on Tuesday, January 16.
Investors sentiment decreased to 1.4 in Q3 2017. Its down 0.06, from 1.46 in 2017Q2. It worsened, as 24 investors sold EQIX shares while 144 reduced holdings. 59 funds opened positions while 177 raised stakes. 73.29 million shares or 0.60% less from 73.73 million shares in 2017Q2 were reported. Moreover, Principal Financial has 0.82% invested in Equinix, Inc. (NASDAQ:REIT) for 1.90 million shares. The Illinois-based Nuveen Asset Mngmt Ltd Co has invested 1.42% in Equinix, Inc. (NASDAQ:REIT). Sentinel Asset Mngmt has 82,595 shares. Asset Mgmt One invested in 125,479 shares. Prudential Plc reported 25,073 shares. South Dakota Invest Council owns 0.07% invested in Equinix, Inc. (NASDAQ:REIT) for 7,300 shares. Nomura Asset Mgmt Communication reported 10,389 shares. Oppenheimer & Commerce Incorporated owns 2,487 shares. Apg Asset Us accumulated 107,500 shares. Sumitomo Mitsui Asset Mngmt Company Ltd owns 5,907 shares. Quantbot Techs Limited Partnership holds 0.16% or 3,719 shares in its portfolio. Dodge Cox has 0% invested in Equinix, Inc. (NASDAQ:REIT) for 554 shares. Brown Advisory Inc has invested 0% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Hightower Advsrs Limited Liability Co stated it has 0% in Equinix, Inc. (NASDAQ:REIT). Highbridge Mgmt Ltd, a New York-based fund reported 20,842 shares.
Tide Point Capital Management Lp, which manages about $378.20 million and $1.94 billion US Long portfolio, upped its stake in Sociedad Quimica Minera De C (NYSE:SQM) by 251,917 shares to 1.11 million shares, valued at $61.53 million in 2017Q3, according to the filing. It also increased its holding in Vulcan Matls Co (NYSE:VMC) by 48,960 shares in the quarter, for a total of 609,567 shares, and has risen its stake in Parker Hannifin Corp (NYSE:PH).
Analysts await Textron Inc. (NYSE:TXT) to report earnings on April, 18. They expect $0.48 EPS, up 4.35% or $0.02 from last year’s $0.46 per share. TXT’s profit will be $125.65M for 31.38 P/E if the $0.48 EPS becomes a reality. After $0.74 actual EPS reported by Textron Inc. for the previous quarter, Wall Street now forecasts -35.14% negative EPS growth.
Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.31, from 0.84 in 2017Q2. It increased, as 21 investors sold TXT shares while 132 reduced holdings. 57 funds opened positions while 119 raised stakes. 214.52 million shares or 0.05% less from 214.62 million shares in 2017Q2 were reported. Ipg Investment Lc stated it has 0.43% of its portfolio in Textron Inc. (NYSE:TXT). Federated Invsts Pa has invested 0.14% of its portfolio in Textron Inc. (NYSE:TXT). Nomura Asset Mgmt Ltd stated it has 0.03% in Textron Inc. (NYSE:TXT). Moreover, Amundi Pioneer Asset Mngmt has 0.02% invested in Textron Inc. (NYSE:TXT) for 136,787 shares. Massachusetts-based Eaton Vance Mngmt has invested 0.12% in Textron Inc. (NYSE:TXT). 1832 Asset LP has invested 0% in Textron Inc. (NYSE:TXT). Tudor Investment Et Al invested in 0.15% or 110,000 shares. 14,456 are owned by Rafferty Asset Lc. Bluecrest Management Limited holds 0.02% of its portfolio in Textron Inc. (NYSE:TXT) for 8,463 shares. Kentucky Retirement System Fund stated it has 7,078 shares or 0.07% of all its holdings. 1,665 are held by Qci Asset Management Ny. Grp Incorporated has invested 0.02% in Textron Inc. (NYSE:TXT). Intact Inv Mgmt Incorporated accumulated 11,100 shares or 0.03% of the stock. X Management Ltd Liability owns 3,542 shares for 0.01% of their portfolio. Assetmark, a California-based fund reported 60 shares.
Among 14 analysts covering Textron (NYSE:TXT), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Textron had 36 analyst reports since September 2, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Thursday, September 7 with “Buy”. The stock of Textron Inc. (NYSE:TXT) has “Buy” rating given on Tuesday, January 16 by Wells Fargo. The rating was maintained by Jefferies with “Buy” on Monday, July 24. Morgan Stanley maintained Textron Inc. (NYSE:TXT) on Thursday, August 17 with “Underweight” rating. RBC Capital Markets maintained it with “Outperform” rating and $47 target in Thursday, January 28 report. As per Thursday, October 19, the company rating was maintained by Jefferies. As per Friday, October 20, the company rating was maintained by Citigroup. The rating was upgraded by Citigroup on Wednesday, September 2 to “Buy”. Jefferies maintained the stock with “Buy” rating in Sunday, February 4 report. Drexel Hamilton upgraded the shares of TXT in report on Monday, September 11 to “Buy” rating.
The post Tide Point Capital Management LP Decreased Its Textron (TXT) Stake by $32.26 Million; Valuation Declined; Equinix (EQIX) Stock Value Rose While Kornitzer Capital Management Cut Holding appeared first on Stock Market News | HillCountryTimes | Get it Today.
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