As Intel (INTC) Shares Declined, Shareholder Jasper Ridge Partners LP Has Decreased Its Stake; Agree Realty (ADC) Shareholder Eagle Asset Management Upped Position

February 22, 2018 - By Adrian Erickson

Eagle Asset Management Inc increased its stake in Agree Realty Corp (ADC) by 130.47% based on its latest 2017Q3 regulatory filing with the SEC. Eagle Asset Management Inc bought 174,054 shares as the company’s stock declined 7.35% while stock markets rallied. The institutional investor held 307,458 shares of the real estate investment trusts company at the end of 2017Q3, valued at $15.28 million, up from 133,404 at the end of the previous reported quarter. Eagle Asset Management Inc who had been investing in Agree Realty Corp for a number of months, seems to be bullish on the $1.41B market cap company. The stock increased 0.82% or $0.37 during the last trading session, reaching $45.43. About 40,200 shares traded. Agree Realty Corporation (NYSE:ADC) has risen 10.49% since February 22, 2017 and is uptrending. It has underperformed by 6.21% the S&P500.

Mark Wolfson decreased its stake in Intel Corp (INTC) by 4.03% based on its latest 2017Q3 regulatory filing with the SEC. Jasper Ridge Partners Lp sold 74,865 shares as the company’s stock declined 2.96% while stock markets rallied. The hedge fund run by Mark Wolfson held 1.78 million shares of the semiconductors company at the end of 2017Q3, valued at $67.97 million, down from 1.86 million at the end of the previous reported quarter. Jasper Ridge Partners Lp who had been investing in Intel Corp for a number of months, seems to be less bullish one the $215.63 billion market cap company. The stock increased 0.29% or $0.135 during the last trading session, reaching $46.075. About 6.92 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 19.47% since February 22, 2017 and is uptrending. It has outperformed by 2.77% the S&P500.

Since October 2, 2017, it had 0 insider purchases, and 16 selling transactions for $30.87 million activity. 17,946 shares valued at $880,540 were sold by RENDUCHINTALA VENKATA S M on Wednesday, January 31. $1.35 million worth of Intel Corporation (NASDAQ:INTC) was sold by YOFFIE DAVID B. Krzanich Brian M sold $427,757 worth of stock or 8,659 shares. Bryant Diane M also sold $67,048 worth of Intel Corporation (NASDAQ:INTC) shares. $20.89 million worth of stock was sold by Smith Stacy J on Monday, October 30. On Monday, October 30 the insider BRYANT ANDY D sold $3.99M.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on April, 26. They expect $0.71 earnings per share, up 7.58% or $0.05 from last year’s $0.66 per share. INTC’s profit will be $3.32B for 16.22 P/E if the $0.71 EPS becomes a reality. After $1.08 actual earnings per share reported by Intel Corporation for the previous quarter, Wall Street now forecasts -34.26% negative EPS growth.

Investors sentiment is 1.03 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 52 investors sold INTC shares while 663 reduced holdings. only 127 funds opened positions while 608 raised stakes. 3.05 billion shares or 0.19% more from 3.05 billion shares in 2017Q2 were reported. Green Square Capital Limited Company has invested 1.16% in Intel Corporation (NASDAQ:INTC). Cambridge Trust Com holds 0.25% of its portfolio in Intel Corporation (NASDAQ:INTC) for 96,439 shares. Lenox Wealth Mngmt owns 2,483 shares. Pennsylvania-based Orrstown Fincl Inc has invested 0.24% in Intel Corporation (NASDAQ:INTC). Ing Groep Nv has invested 0.15% in Intel Corporation (NASDAQ:INTC). Exxonmobil Invest Management Tx invested 0.83% in Intel Corporation (NASDAQ:INTC). Texan holds 2.09% or 82,853 shares. 28,023 are held by Toth Advisory Corp. First City Cap Mngmt reported 41,653 shares or 1.11% of all its holdings. Atria Investments Limited Company owns 63,304 shares or 0.13% of their US portfolio. American Rech & holds 0.02% in Intel Corporation (NASDAQ:INTC) or 1,900 shares. Cypress Management Ltd Liability (Wy) holds 0.07% or 1,500 shares. Tortoise Ltd Llc owns 669 shares. Clean Yield Group Inc stated it has 12,094 shares or 0.19% of all its holdings. Hartline Investment Corporation accumulated 0.08% or 7,239 shares.

Among 54 analysts covering Intel Corporation (NASDAQ:INTC), 36 have Buy rating, 5 Sell and 13 Hold. Therefore 67% are positive. Intel Corporation had 222 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Intel Corporation (NASDAQ:INTC) has “Underperform” rating given on Tuesday, August 25 by Raymond James. Nomura maintained Intel Corporation (NASDAQ:INTC) on Tuesday, August 2 with “Buy” rating. Charter Equity upgraded Intel Corporation (NASDAQ:INTC) on Wednesday, October 19 to “Buy” rating. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by Needham on Wednesday, October 19. TH Capital maintained the stock with “Buy” rating in Friday, January 15 report. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, January 27. The rating was maintained by Canaccord Genuity with “Hold” on Friday, November 17. The stock of Intel Corporation (NASDAQ:INTC) earned “Sell” rating by Jefferies on Friday, July 28. The firm has “Neutral” rating by Credit Suisse given on Wednesday, March 15. As per Thursday, October 22, the company rating was maintained by RBC Capital Markets.

Jasper Ridge Partners Lp, which manages about $10.88B and $2.01B US Long portfolio, upped its stake in Vanguard Tax Managed Intl Fd (VEA) by 1.05 million shares to 5.89M shares, valued at $255.86 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IVV) by 310,610 shares in the quarter, for a total of 1.82M shares, and has risen its stake in Vanguard Intl Equity Index F (VWO).

Eagle Asset Management Inc, which manages about $25.60B and $17.45 billion US Long portfolio, decreased its stake in Delta Air Lines Inc (NYSE:DAL) by 18,507 shares to 1.41M shares, valued at $67.91M in 2017Q3, according to the filing. It also reduced its holding in Geo Group Inc/The (NYSE:GEO) by 20,362 shares in the quarter, leaving it with 1.68 million shares, and cut its stake in Coherent Inc (NASDAQ:COHR).

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