Scharf Investments Has Raised Its Holding in Gentex (GNTX) as Stock Value Declined; As Align Technology (ALGN) Stock Rose, Shareholder Sheets Smith Wealth Management Has Cut Its Holding by $454,212

February 19, 2018 - By Adrian Mccoy

Sheets Smith Wealth Management decreased its stake in Align Technology Inc (ALGN) by 25.11% based on its latest 2017Q3 regulatory filing with the SEC. Sheets Smith Wealth Management sold 2,442 shares as the company’s stock rose 36.03% with the market. The institutional investor held 7,284 shares of the health care company at the end of 2017Q3, valued at $1.36M, down from 9,726 at the end of the previous reported quarter. Sheets Smith Wealth Management who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $20.17 billion market cap company. The stock decreased 0.50% or $1.27 during the last trading session, reaching $251.5. About 1.06M shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since February 19, 2017 and is uptrending. It has outperformed by 65.52% the S&P500.

Scharf Investments Llc increased its stake in Gentex Corp (GNTX) by 1.91% based on its latest 2017Q3 regulatory filing with the SEC. Scharf Investments Llc bought 116,104 shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 6.20M shares of the o.e.m. company at the end of 2017Q3, valued at $122.67M, up from 6.08 million at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Gentex Corp for a number of months, seems to be bullish on the $6.48B market cap company. The stock decreased 0.48% or $0.11 during the last trading session, reaching $22.83. About 1.37 million shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since February 19, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

Sheets Smith Wealth Management, which manages about $700.54 million and $396.50 million US Long portfolio, upped its stake in Laboratory Corp Amer Hldgs (NYSE:LH) by 8,265 shares to 9,765 shares, valued at $1.47M in 2017Q3, according to the filing. It also increased its holding in American Tower Corp New (NYSE:AMT) by 3,735 shares in the quarter, for a total of 5,879 shares, and has risen its stake in Schein Henry Inc (NASDAQ:HSIC).

Since February 2, 2018, it had 1 insider purchase, and 1 sale for $11.56 million activity. On Tuesday, February 13 the insider HOGAN JOSEPH M bought $350,445.

Among 13 analysts covering Align Technology (NASDAQ:ALGN), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Align Technology had 53 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Tuesday, November 21 with “Buy”. The firm has “Buy” rating given on Friday, October 27 by Piper Jaffray. On Wednesday, March 23 the stock rating was maintained by Roth Capital with “Buy”. As per Wednesday, January 31, the company rating was maintained by Credit Suisse. As per Friday, July 28, the company rating was maintained by Roth Capital. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Stifel Nicolaus on Friday, June 23. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, January 31. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 23. The firm has “Hold” rating given on Wednesday, July 12 by Credit Suisse. The rating was maintained by Robert W. Baird on Wednesday, October 18 with “Buy”.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.46, from 1.39 in 2017Q2. It turned negative, as 36 investors sold ALGN shares while 194 reduced holdings. 77 funds opened positions while 137 raised stakes. 62.92 million shares or 1.48% more from 62.01 million shares in 2017Q2 were reported. Hsbc Hldgs Plc has invested 0.02% in Align Technology, Inc. (NASDAQ:ALGN). Nuveen Asset Mgmt Ltd Liability reported 1,813 shares stake. State Teachers Retirement Sys holds 130,272 shares. Perigon Wealth Mgmt Llc reported 2,778 shares. Exxonmobil Inv Management Inc Tx holds 0.06% or 13,173 shares in its portfolio. First Republic Invest Management has invested 0.04% in Align Technology, Inc. (NASDAQ:ALGN). Apg Asset Mngmt Nv stated it has 50,400 shares. Paloma Prns Management holds 10,714 shares. First Quadrant Lp Ca reported 0.07% stake. Eastern Bancorporation has invested 0.06% in Align Technology, Inc. (NASDAQ:ALGN). Macquarie Gru Limited holds 0.07% or 211,312 shares in its portfolio. Great West Life Assurance Can owns 60,425 shares or 0.03% of their US portfolio. Gideon Capital Inc reported 0.29% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). State Of Tennessee Treasury Department holds 0.02% or 19,628 shares. Waddell And Reed Financial Inc invested in 454,409 shares or 0.19% of the stock.

Scharf Investments Llc, which manages about $2.69 billion and $4.12B US Long portfolio, decreased its stake in Priceline Grp Inc (NASDAQ:PCLN) by 3,760 shares to 103,141 shares, valued at $188.83M in 2017Q3, according to the filing. It also reduced its holding in Oracle Corp (NYSE:ORCL) by 145,924 shares in the quarter, leaving it with 5.67 million shares, and cut its stake in Walgreens Boots Alliance Inc.

Investors sentiment increased to 1.24 in Q3 2017. Its up 0.32, from 0.92 in 2017Q2. It increased, as 35 investors sold GNTX shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. Teachers Retirement Systems Of The State Of Kentucky stated it has 0.01% in Gentex Corporation (NASDAQ:GNTX). King Luther Mngmt Corporation stated it has 0.06% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Moreover, Envestnet Asset Incorporated has 0.01% invested in Gentex Corporation (NASDAQ:GNTX). Virginia-based Thompson Davis And Incorporated has invested 0.05% in Gentex Corporation (NASDAQ:GNTX). Goldman Sachs Gru has 0.01% invested in Gentex Corporation (NASDAQ:GNTX) for 2.65M shares. Commonwealth Equity Service reported 0% of its portfolio in Gentex Corporation (NASDAQ:GNTX). The Pennsylvania-based Pnc Finance Gp Inc has invested 0% in Gentex Corporation (NASDAQ:GNTX). Ameritas Inv Prtnrs holds 0.12% or 129,066 shares. Bowling Mngmt Llc holds 85,266 shares. 43,763 were reported by Tiedemann Wealth Management Ltd Liability Corporation. Hl Ser Ltd Liability holds 11,154 shares or 0% of its portfolio. First Trust Advsr Lp invested in 0.02% or 459,767 shares. Burgundy Asset Mgmt Limited invested in 11.18M shares. Atria Invs stated it has 0.04% in Gentex Corporation (NASDAQ:GNTX). 1.75M were accumulated by Reinhart Prns.

Since September 27, 2017, it had 0 insider buys, and 8 insider sales for $2.88 million activity. GOODE GARY F sold $280,968 worth of Gentex Corporation (NASDAQ:GNTX) on Monday, January 29. $1.11 million worth of stock was sold by Hoekstra Peter on Monday, January 29. On Wednesday, January 31 the insider Ryan Scott P sold $170,823. 12,000 shares were sold by Wallace James H, worth $280,776. Downing Steven R had sold 8,000 shares worth $157,582. MULDER JOHN A sold $611,341 worth of Gentex Corporation (NASDAQ:GNTX) on Monday, January 29.

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