Wasatch Advisors Holding in Dorman Products (DORM) Has Raised by $1.93 Million; At&T (T) Share Value Declined While Atalanta Sosnoff Capital Cut Position by $27.53 Million

February 24, 2018 - By Nellie Frank

Atalanta Sosnoff Capital Llc decreased its stake in At&T Inc (T) by 92.15% based on its latest 2017Q3 regulatory filing with the SEC. Atalanta Sosnoff Capital Llc sold 705,843 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 60,113 shares of the telecommunications equipment company at the end of 2017Q3, valued at $2.36 million, down from 765,956 at the end of the previous reported quarter. Atalanta Sosnoff Capital Llc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $225.42B market cap company. The stock increased 0.69% or $0.25 during the last trading session, reaching $36.72. About 17.45M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since February 24, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Wasatch Advisors Inc increased its stake in Dorman Products Inc. (DORM) by 31.05% based on its latest 2017Q3 regulatory filing with the SEC. Wasatch Advisors Inc bought 27,238 shares as the company’s stock rose 14.29% with the market. The institutional investor held 114,952 shares of the capital goods company at the end of 2017Q3, valued at $8.23M, up from 87,714 at the end of the previous reported quarter. Wasatch Advisors Inc who had been investing in Dorman Products Inc. for a number of months, seems to be bullish on the $2.47 billion market cap company. The stock increased 1.44% or $1.04 during the last trading session, reaching $73.45. About 140,932 shares traded. Dorman Products, Inc. (NASDAQ:DORM) has risen 57.51% since February 24, 2017 and is uptrending. It has outperformed by 40.81% the S&P500.

Investors sentiment decreased to 1.22 in 2017 Q3. Its down 0.01, from 1.23 in 2017Q2. It turned negative, as 27 investors sold DORM shares while 59 reduced holdings. 27 funds opened positions while 78 raised stakes. 25.22 million shares or 0.25% less from 25.28 million shares in 2017Q2 were reported. New South Management Inc holds 0.85% of its portfolio in Dorman Products, Inc. (NASDAQ:DORM) for 498,860 shares. Vanguard Group Inc accumulated 2.86M shares or 0.01% of the stock. Moreover, Alliancebernstein Ltd Partnership has 0% invested in Dorman Products, Inc. (NASDAQ:DORM) for 60,490 shares. Great Lakes Advsrs Limited Liability Com holds 74,164 shares. Raymond James & Associates has invested 0% in Dorman Products, Inc. (NASDAQ:DORM). Alps Advsr reported 6,862 shares. Zebra Mngmt Limited Liability Corporation accumulated 10,729 shares. Tompkins Financial, a New York-based fund reported 460 shares. Metropolitan Life Ins stated it has 18,369 shares or 0.01% of all its holdings. Moreover, American Management has 1.38% invested in Dorman Products, Inc. (NASDAQ:DORM) for 309,170 shares. Prudential holds 52,414 shares. 3,764 were accumulated by Pinebridge L P. Moreover, Advisory Service Limited Liability Company has 0% invested in Dorman Products, Inc. (NASDAQ:DORM). Telemus holds 38,694 shares. Amalgamated State Bank accumulated 3,805 shares or 0.01% of the stock.

Among 8 analysts covering Dorman Products (NASDAQ:DORM), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Dorman Products had 17 analyst reports since October 14, 2015 according to SRatingsIntel. As per Friday, October 27, the company rating was maintained by Jefferies. B. Riley & Co upgraded it to “Neutral” rating and $44 target in Thursday, February 18 report. BB&T Capital downgraded the shares of DORM in report on Thursday, October 15 to “Hold” rating. The rating was downgraded by CL King to “Neutral” on Wednesday, January 4. The rating was upgraded by CL King on Wednesday, January 3 to “Strong Buy”. The stock has “Hold” rating by Jefferies on Wednesday, October 18. FBR Capital maintained Dorman Products, Inc. (NASDAQ:DORM) rating on Thursday, October 29. FBR Capital has “Outperform” rating and $62 target. On Thursday, February 23 the stock rating was downgraded by FBR Capital to “Mkt Perform”. Jefferies maintained the shares of DORM in report on Wednesday, July 27 with “Hold” rating. The rating was initiated by Barrington Research with “Outperform” on Wednesday, October 14.

Wasatch Advisors Inc, which manages about $19.28 billion and $7.37B US Long portfolio, decreased its stake in Wal (NYSE:WMT) by 17,398 shares to 84,967 shares, valued at $6.64 million in 2017Q3, according to the filing. It also reduced its holding in Chevron Corp. (NYSE:CVX) by 9,964 shares in the quarter, leaving it with 64,859 shares, and cut its stake in Banco Macro Saadr (NYSE:BMA).

Atalanta Sosnoff Capital Llc, which manages about $2.46 billion and $2.89 billion US Long portfolio, upped its stake in Mohawk Inds Inc (NYSE:MHK) by 1,978 shares to 242,420 shares, valued at $60.00 million in 2017Q3, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 382,085 shares in the quarter, for a total of 471,904 shares, and has risen its stake in Citigroup Inc New (NYSE:C).

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.02, from 1.15 in 2017Q2. It improved, as 77 investors sold T shares while 609 reduced holdings. 106 funds opened positions while 696 raised stakes. 3.34 billion shares or 1.04% more from 3.31 billion shares in 2017Q2 were reported. Riverhead Cap Limited Com holds 236,840 shares or 0.43% of its portfolio. Jolley Asset Limited Liability Co holds 0.04% of its portfolio in AT&T Inc. (NYSE:T) for 1,670 shares. Amalgamated Savings Bank, a New York-based fund reported 706,675 shares. Texan Cap invested 0.51% in AT&T Inc. (NYSE:T). Brinker Capital Inc holds 263,211 shares. Pnc Services Inc reported 12.94 million shares. Mckinley Carter Wealth Serv reported 29,904 shares. Vision Mngmt Inc holds 12,545 shares or 0.16% of its portfolio. Ray Gerald L & Assoc holds 0.52% or 106,680 shares. Wolverine Asset Management stated it has 571 shares. Beaumont Prtnrs Ltd has invested 1.03% in AT&T Inc. (NYSE:T). Thompson Rubinstein Inv Mngmt Incorporated Or owns 26,247 shares or 0.36% of their US portfolio. 86,788 were reported by Spc. C Worldwide Group Hldg A S accumulated 24,200 shares. Millennium Mngmt accumulated 0% or 80,113 shares.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>