As Materion (MTRN) Stock Price Declined, Dimensional Fund Advisors LP Raised Stake; Intrepid Capital Management Cut Its Syntel Com (SYNT) Stake by $2.32 Million

February 14, 2018 - By Winifred Garcia

Mark Travis decreased its stake in Syntel Inc Com (SYNT) by 9.28% based on its latest 2017Q3 regulatory filing with the SEC. Intrepid Capital Management Inc sold 122,200 shares as the company’s stock declined 0.75% while stock markets rallied. The hedge fund run by Mark Travis held 1.19 million shares of the technology company at the end of 2017Q3, valued at $23.46M, down from 1.32M at the end of the previous reported quarter. Intrepid Capital Management Inc who had been investing in Syntel Inc Com for a number of months, seems to be less bullish one the $1.80B market cap company. It closed at $21.66 lastly. It is up 32.64% since February 14, 2017 and is downtrending. It has underperformed by 49.34% the S&P500.

Dimensional Fund Advisors Lp increased its stake in Materion Corp (MTRN) by 0.5% based on its latest 2017Q3 regulatory filing with the SEC. Dimensional Fund Advisors Lp bought 8,344 shares as the company’s stock declined 3.63% while stock markets rallied. The institutional investor held 1.68M shares of the industrial specialties company at the end of 2017Q3, valued at $72.67 million, up from 1.68M at the end of the previous reported quarter. Dimensional Fund Advisors Lp who had been investing in Materion Corp for a number of months, seems to be bullish on the $924.01 million market cap company. The stock decreased 0.43% or $0.2 during the last trading session, reaching $46.1. About 64,667 shares traded. Materion Corporation (NYSE:MTRN) has risen 47.97% since February 14, 2017 and is uptrending. It has outperformed by 31.27% the S&P500.

Among 12 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 have Buy rating, 1 Sell and 10 Hold. Therefore 8% are positive. Syntel Inc. had 33 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, January 11 by JP Morgan. William Blair upgraded the stock to “Market Perform” rating in Wednesday, October 18 report. On Friday, September 1 the stock rating was maintained by Robert W. Baird with “Hold”. Suntrust Robinson downgraded the shares of SYNT in report on Monday, October 24 to “Hold” rating. The firm has “Buy” rating given on Thursday, September 10 by SunTrust. As per Thursday, September 10, the company rating was initiated by Suntrust Robinson. The rating was downgraded by SunTrust on Monday, October 24 to “Hold”. Cowen & Co maintained it with “Hold” rating and $18.0 target in Tuesday, August 22 report. The firm has “Buy” rating by Needham given on Friday, October 21. Cowen & Co maintained the shares of SYNT in report on Thursday, October 12 with “Hold” rating.

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on February, 15. They expect $0.40 earnings per share, down 29.82% or $0.17 from last year’s $0.57 per share. SYNT’s profit will be $33.15 million for 13.54 P/E if the $0.40 EPS becomes a reality. After $0.51 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -21.57% negative EPS growth.

Investors sentiment increased to 1.71 in 2017 Q3. Its up 0.47, from 1.24 in 2017Q2. It is positive, as 10 investors sold SYNT shares while 31 reduced holdings. 25 funds opened positions while 45 raised stakes. 29.77 million shares or 4.49% more from 28.49 million shares in 2017Q2 were reported. Blackrock Incorporated holds 0% in Syntel, Inc. (NASDAQ:SYNT) or 2.13 million shares. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 811 shares. Hikari Ltd stated it has 31,270 shares or 0.08% of all its holdings. Fil Ltd has 376,269 shares. Intrepid Capital Incorporated reported 1.19 million shares or 9.52% of all its holdings. Benjamin F Edwards And Inc has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Intll Grp holds 22,168 shares. Federated Pa invested in 0.01% or 203,145 shares. Cap Research Investors stated it has 0.03% in Syntel, Inc. (NASDAQ:SYNT). The Washington-based Parametric Portfolio Limited Liability Company has invested 0% in Syntel, Inc. (NASDAQ:SYNT). 51,057 were accumulated by Cantab Prtn Llp. Bragg Fincl Advisors Incorporated holds 36,829 shares or 0.11% of its portfolio. Voya Mgmt Lc holds 16,026 shares. Hsbc Holdings Public Limited Co owns 58,552 shares. Oakworth Cap owns 256 shares for 0% of their portfolio.

Since August 29, 2017, it had 0 insider buys, and 8 sales for $77,278 activity. 375 shares were sold by Garg Sanjay, worth $8,750. Shares for $1,553 were sold by Gangidi Narendar Reddy on Friday, December 15. Aggarwal Rahul B. sold $23,632 worth of stock or 1,000 shares.

Since October 30, 2017, it had 0 insider buys, and 2 sales for $426,523 activity. 3,000 shares valued at $148,794 were sold by Chemnitz Gregory R. on Monday, October 30.

Dimensional Fund Advisors Lp, which manages about $228.83B US Long portfolio, decreased its stake in Franks Intl N V (NYSE:FI) by 123,074 shares to 781,532 shares, valued at $6.03M in 2017Q3, according to the filing. It also reduced its holding in Badger Meter Inc (NYSE:BMI) by 9,047 shares in the quarter, leaving it with 1.12M shares, and cut its stake in American Railcar Inds Inc (NASDAQ:ARII).

Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.31, from 0.87 in 2017Q2. It is positive, as 6 investors sold MTRN shares while 44 reduced holdings. 22 funds opened positions while 37 raised stakes. 17.77 million shares or 1.02% less from 17.95 million shares in 2017Q2 were reported. Texas Permanent School Fund has invested 0.01% of its portfolio in Materion Corporation (NYSE:MTRN). Louisiana State Employees Retirement System reported 0.02% of its portfolio in Materion Corporation (NYSE:MTRN). Oppenheimer Inc invested in 36,150 shares or 0.04% of the stock. Gabelli Funds Ltd Liability, a New York-based fund reported 382,300 shares. Denver Investment Advsrs Lc holds 132,897 shares or 0.28% of its portfolio. Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma owns 500 shares. State Of Tennessee Treasury Department holds 17,924 shares or 0% of its portfolio. Royal National Bank & Trust Of Canada owns 13,367 shares or 0% of their US portfolio. 167,883 are held by Geode Mgmt Limited Liability Company. Trust Of Vermont reported 200 shares stake. Moreover, Ack Asset Mngmt Lc has 1.52% invested in Materion Corporation (NYSE:MTRN) for 127,817 shares. First Midwest Bancorp Division invested in 0.04% or 7,886 shares. Arizona State Retirement Sys invested in 0.01% or 10,412 shares. Parametric Portfolio Associate Limited has invested 0% in Materion Corporation (NYSE:MTRN). Jpmorgan Chase has 500 shares.

Among 4 analysts covering Materion (NYSE:MTRN), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Materion had 12 analyst reports since August 27, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, June 2. Jefferies maintained Materion Corporation (NYSE:MTRN) rating on Friday, July 7. Jefferies has “Hold” rating and $3400 target. On Thursday, October 12 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. On Monday, November 13 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm earned “Hold” rating on Thursday, August 27 by Stifel Nicolaus. On Tuesday, January 9 the stock rating was maintained by Jefferies with “Hold”. The stock has “Hold” rating by Jefferies on Wednesday, October 11. As per Friday, September 8, the company rating was maintained by Jefferies. Wm Smith initiated Materion Corporation (NYSE:MTRN) on Thursday, November 3 with “Not Rated” rating. The stock has “Hold” rating by Jefferies on Thursday, July 27.

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