Central Securities Has Cut Its Coherent (COHR) Holding as Market Value Rose; Grimes & Company Stake In Robert Half International (RHI) Was Has Increased

February 17, 2018 - By Darrin Black

Grimes & Company Inc increased its stake in Robert Half International Inc. (RHI) by 34.01% based on its latest 2017Q3 regulatory filing with the SEC. Grimes & Company Inc bought 41,320 shares as the company’s stock declined 4.90% while stock markets rallied. The institutional investor held 162,820 shares of the professional services company at the end of 2017Q3, valued at $8.20 million, up from 121,500 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Robert Half International Inc. for a number of months, seems to be bullish on the $6.92B market cap company. The stock decreased 0.32% or $0.18 during the last trading session, reaching $56.2. About 769,436 shares traded. Robert Half International Inc. (NYSE:RHI) has risen 17.82% since February 17, 2017 and is uptrending. It has outperformed by 1.12% the S&P500.

Central Securities Corp decreased its stake in Coherent Inc (COHR) by 1.39% based on its latest 2017Q3 regulatory filing with the SEC. Central Securities Corp sold 5,000 shares as the company’s stock rose 26.93% with the market. The institutional investor held 355,000 shares of the capital goods company at the end of 2017Q3, valued at $83.49 million, down from 360,000 at the end of the previous reported quarter. Central Securities Corp who had been investing in Coherent Inc for a number of months, seems to be less bullish one the $5.22 billion market cap company. The stock decreased 4.07% or $8.92 during the last trading session, reaching $210.41. About 479,051 shares traded. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since February 17, 2017 and is uptrending. It has outperformed by 171.12% the S&P500.

Grimes & Company Inc, which manages about $1.63B and $940.51 million US Long portfolio, decreased its stake in Vanguard Growth Etf (VUG) by 6,034 shares to 233,887 shares, valued at $31.05M in 2017Q3, according to the filing. It also reduced its holding in Guggenheim Enhanced Short Dura (GSY) by 16,432 shares in the quarter, leaving it with 11,062 shares, and cut its stake in Hanesbrands Inc (NYSE:HBI).

Among 14 analysts covering Robert Half International (NYSE:RHI), 4 have Buy rating, 3 Sell and 7 Hold. Therefore 29% are positive. Robert Half International had 40 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Wednesday, October 25 by Credit Suisse. RBC Capital Markets maintained the shares of RHI in report on Thursday, October 22 with “Outperform” rating. The rating was downgraded by Credit Suisse to “Underperform” on Monday, October 3. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, January 30 report. The firm has “Sell” rating by Northcoast given on Thursday, September 29. The firm has “Neutral” rating by Macquarie Research given on Friday, October 23. BMO Capital Markets maintained Robert Half International Inc. (NYSE:RHI) on Friday, December 29 with “Market Perform” rating. The stock has “Buy” rating by Robert W. Baird on Friday, September 1. Sterne Agee CRT initiated the stock with “Neutral” rating in Tuesday, March 22 report. On Friday, October 23 the stock rating was maintained by Barclays Capital with “Underweight”.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.18, from 0.83 in 2017Q2. It is positive, as 28 investors sold RHI shares while 130 reduced holdings. 42 funds opened positions while 117 raised stakes. 102.17 million shares or 0.31% less from 102.49 million shares in 2017Q2 were reported. Farmers Merchants Invests owns 50 shares. Hartford Mgmt Commerce holds 0.03% of its portfolio in Robert Half International Inc. (NYSE:RHI) for 27,515 shares. 10,466 were reported by Dnb Asset Management As. Engineers Gate Manager LP has invested 0.04% in Robert Half International Inc. (NYSE:RHI). Meiji Yasuda Life Insur Co owns 15,783 shares or 0.12% of their US portfolio. Morgan Stanley invested in 461,491 shares or 0.01% of the stock. Jpmorgan Chase And stated it has 0.01% in Robert Half International Inc. (NYSE:RHI). Sii Incorporated Wi reported 24,558 shares. Ubs Asset Mgmt Americas Inc reported 811,472 shares or 0.04% of all its holdings. Mitsubishi Ufj Trust Banking accumulated 249,596 shares. Invesco Limited reported 3.92M shares or 0.07% of all its holdings. 5.62 million are owned by State Street Corporation. British Columbia Investment Mgmt invested in 0.06% or 160,133 shares. Fdx holds 0.01% of its portfolio in Robert Half International Inc. (NYSE:RHI) for 8,115 shares. Millennium Mgmt Ltd Limited Liability Company invested 0.02% of its portfolio in Robert Half International Inc. (NYSE:RHI).

Since February 2, 2018, it had 0 buys, and 1 insider sale for $11.54 million activity.

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by Susquehanna on Thursday, February 8. The rating was initiated by Susquehanna on Wednesday, February 15 with “Neutral”. The firm has “Buy” rating given on Wednesday, August 2 by Benchmark. Needham maintained Coherent, Inc. (NASDAQ:COHR) on Thursday, February 8 with “Buy” rating. On Thursday, November 10 the stock rating was maintained by Benchmark with “Buy”. Longbow maintained Coherent, Inc. (NASDAQ:COHR) on Monday, June 12 with “Buy” rating. The rating was initiated by Barclays Capital with “Buy” on Monday, August 7. Stifel Nicolaus maintained it with “Buy” rating and $330 target in Wednesday, November 8 report. The stock has “Buy” rating by Needham on Thursday, November 3. The company was maintained on Friday, January 29 by Stifel Nicolaus.

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