As Haemonetics (HAE) Market Valuation Rose, Holder Black Creek Investment Management Has Cut Its Holding; Smith Asset Management Group LP Has Cut Position in Motorola Solutions (MSI) by $15.36 Million as Share Price Rose

February 14, 2018 - By Richard Conner

Black Creek Investment Management Inc decreased its stake in Haemonetics Corp (HAE) by 54.67% based on its latest 2017Q3 regulatory filing with the SEC. Black Creek Investment Management Inc sold 783,739 shares as the company’s stock rose 6.04% with the market. The institutional investor held 649,748 shares of the medical and dental instruments company at the end of 2017Q3, valued at $29.15M, down from 1.43M at the end of the previous reported quarter. Black Creek Investment Management Inc who had been investing in Haemonetics Corp for a number of months, seems to be less bullish one the $3.70B market cap company. The stock increased 0.57% or $0.39 during the last trading session, reaching $69.23. About 956,928 shares traded or 100.00% up from the average. Haemonetics Corporation (NYSE:HAE) has risen 45.56% since February 14, 2017 and is uptrending. It has outperformed by 28.86% the S&P500.

Smith Asset Management Group Lp decreased its stake in Motorola Solutions Inc (MSI) by 38.81% based on its latest 2017Q3 regulatory filing with the SEC. Smith Asset Management Group Lp sold 182,840 shares as the company’s stock rose 1.92% with the market. The hedge fund held 288,330 shares of the technology company at the end of 2017Q3, valued at $24.47M, down from 471,170 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Motorola Solutions Inc for a number of months, seems to be less bullish one the $16.54 billion market cap company. The stock increased 0.63% or $0.64 during the last trading session, reaching $101.94. About 1.02M shares traded. Motorola Solutions, Inc. (NYSE:MSI) has risen 17.62% since February 14, 2017 and is uptrending. It has outperformed by 0.92% the S&P500.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.09, from 1.03 in 2017Q2. It increased, as 50 investors sold MSI shares while 138 reduced holdings. 51 funds opened positions while 159 raised stakes. 133.54 million shares or 0.41% less from 134.09 million shares in 2017Q2 were reported. Renaissance Techs Limited Liability holds 0.05% or 477,115 shares in its portfolio. Alliancebernstein Lp holds 379,414 shares or 0.02% of its portfolio. 370 were reported by Guardian Life Insur Of America. Principal Group stated it has 2.48M shares. 27,450 are held by Iat Reinsurance Limited. Acadian Asset Llc accumulated 0.03% or 79,007 shares. 20 are held by Interactive Advsr. Greenleaf Tru has 159 shares for 0% of their portfolio. Boothbay Fund Limited Liability Company invested 0.04% of its portfolio in Motorola Solutions, Inc. (NYSE:MSI). Live Your Vision Limited Liability owns 85 shares or 0% of their US portfolio. Cibc Mkts Corp reported 24,494 shares. Highbridge Cap Ltd Liability reported 0% stake. California-based California State Teachers Retirement has invested 0.05% in Motorola Solutions, Inc. (NYSE:MSI). Goldman Sachs Group, New York-based fund reported 614,838 shares. 8,995 are owned by Quantitative Systematic Strategies Ltd Liability.

Smith Asset Management Group Lp, which manages about $2.91 billion and $2.99B US Long portfolio, upped its stake in Wyndham Worldwide Corp (NYSE:WYN) by 472,464 shares to 748,347 shares, valued at $25.81M in 2017Q3, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 133,004 shares in the quarter, for a total of 826,705 shares, and has risen its stake in Worthington Industries (NYSE:WOR).

Since January 9, 2018, it had 0 insider purchases, and 3 sales for $7.32 million activity. HACKER MARK S. sold $1.83 million worth of Motorola Solutions, Inc. (NYSE:MSI) on Tuesday, January 9.

Among 18 analysts covering Motorola Solutions (NYSE:MSI), 12 have Buy rating, 1 Sell and 5 Hold. Therefore 67% are positive. Motorola Solutions had 46 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup initiated it with “Neutral” rating and $73 target in Monday, June 20 report. As per Monday, December 7, the company rating was initiated by Jefferies. The stock has “Buy” rating by Citigroup on Wednesday, January 24. The stock of Motorola Solutions, Inc. (NYSE:MSI) earned “Buy” rating by Jefferies on Friday, February 2. The firm has “Hold” rating by Gabelli given on Monday, December 7. The firm has “Buy” rating by Northcoast given on Tuesday, May 30. The stock has “Buy” rating by BMO Capital Markets on Friday, February 2. The firm has “Buy” rating given on Friday, January 12 by Deutsche Bank. As per Wednesday, February 24, the company rating was upgraded by Macquarie Research. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets.

Black Creek Investment Management Inc, which manages about $2.97B and $2.27 billion US Long portfolio, upped its stake in Sabre Corp (NASDAQ:SABR) by 17,000 shares to 127,000 shares, valued at $2.30M in 2017Q3, according to the filing. It also increased its holding in Hain Celestial Group Inc (NASDAQ:HAIN) by 570,184 shares in the quarter, for a total of 1.35M shares, and has risen its stake in Carnival Corp (NYSE:CCL).

Investors sentiment decreased to 1.28 in Q3 2017. Its down 0.42, from 1.7 in 2017Q2. It turned negative, as 16 investors sold HAE shares while 60 reduced holdings. 33 funds opened positions while 64 raised stakes. 52.55 million shares or 2.13% less from 53.69 million shares in 2017Q2 were reported. The Wisconsin-based Heartland Advisors has invested 0.48% in Haemonetics Corporation (NYSE:HAE). The New York-based Pinebridge Investments Limited Partnership has invested 0.04% in Haemonetics Corporation (NYSE:HAE). Royal Bank Of Canada invested 0.02% of its portfolio in Haemonetics Corporation (NYSE:HAE). Paloma Ptnrs Management Company holds 0% or 4,714 shares in its portfolio. Metropolitan Life New York reported 34,950 shares. Texas Permanent School Fund holds 38,405 shares or 0.02% of its portfolio. Piermont Cap Management Inc accumulated 0.83% or 55,847 shares. Ahl Prtnrs Ltd Liability Partnership owns 0.09% invested in Haemonetics Corporation (NYSE:HAE) for 108,976 shares. Prospector Prtn Ltd Liability Company accumulated 0.34% or 50,300 shares. State Of Alaska Department Of Revenue has invested 0.02% in Haemonetics Corporation (NYSE:HAE). Cardinal Mgmt holds 0.21% of its portfolio in Haemonetics Corporation (NYSE:HAE) for 15,029 shares. Menta Cap Ltd Liability Corporation holds 0.18% or 27,625 shares in its portfolio. The North Carolina-based Piedmont Investment Advisors Limited Liability Co has invested 0.01% in Haemonetics Corporation (NYSE:HAE). Strs Ohio stated it has 29,000 shares. Rutabaga Capital Management Ltd Liability Ma accumulated 226,076 shares.

Among 10 analysts covering Haemonetics Corporation (NYSE:HAE), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Haemonetics Corporation had 27 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Barrington Research given on Tuesday, November 8. The company was downgraded on Monday, August 15 by Sidoti. The stock has “Market Perform” rating by CJS Securities on Tuesday, September 20. The firm has “Buy” rating by Jefferies given on Tuesday, June 20. The firm earned “Outperform” rating on Tuesday, August 8 by Barrington Research. The firm has “Buy” rating by Jefferies given on Thursday, December 21. The firm has “Equal-Weight” rating given on Friday, October 6 by Morgan Stanley. The stock of Haemonetics Corporation (NYSE:HAE) earned “Buy” rating by Jefferies on Thursday, August 31. The stock of Haemonetics Corporation (NYSE:HAE) earned “Hold” rating by Craig Hallum on Wednesday, November 8. The stock of Haemonetics Corporation (NYSE:HAE) has “Neutral” rating given on Monday, May 16 by Goldman Sachs.

Since January 2, 2018, it had 0 insider buys, and 1 insider sale for $448,434 activity.

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