Driehaus Capital Management Upped Its Conn’s (CONN) Stake; Tesla (TSLA) Holder Arrow Financial Increased Stake by $384,307 as Market Valuation Rose

February 25, 2018 - By mmahotstuff

Arrow Financial Corp increased its stake in Tesla Inc (TSLA) by 13.73% based on its latest 2017Q3 regulatory filing with the SEC. Arrow Financial Corp bought 1,127 shares as the company’s stock rose 14.18% with the market. The institutional investor held 9,338 shares of the capital goods company at the end of 2017Q3, valued at $3.19 million, up from 8,211 at the end of the previous reported quarter. Arrow Financial Corp who had been investing in Tesla Inc for a number of months, seems to be bullish on the $59.45 billion market cap company. The stock increased 1.70% or $5.88 during the last trading session, reaching $352.05. About 5.82M shares traded or 1.17% up from the average. Tesla, Inc. (NASDAQ:TSLA) has risen 44.43% since February 25, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Richard Driehaus increased its stake in Conn’s Inc (CONN) by 1426.29% based on its latest 2017Q3 regulatory filing with the SEC. Driehaus Capital Management Llc bought 164,765 shares as the company’s stock rose 54.15% with the market. The hedge fund run by Richard Driehaus held 176,317 shares of the consumer services company at the end of 2017Q3, valued at $4.96M, up from 11,552 at the end of the previous reported quarter. Driehaus Capital Management Llc who had been investing in Conn’s Inc for a number of months, seems to be bullish on the $1.04 billion market cap company. The stock increased 4.58% or $1.45 during the last trading session, reaching $33.1. About 252,584 shares traded. Conn's, Inc. (NASDAQ:CONN) has risen 45.89% since February 25, 2017 and is uptrending. It has outperformed by 29.19% the S&P500.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.03, from 1.27 in 2017Q2. It is positive, as 93 investors sold TSLA shares while 134 reduced holdings. 73 funds opened positions while 223 raised stakes. 93.25 million shares or 1.29% more from 92.06 million shares in 2017Q2 were reported. 811 were reported by Etrade Capital Mngmt Ltd Liability Corp. Thompson Davis And reported 648 shares. Gsa Ptnrs Ltd Liability Partnership has invested 0.48% in Tesla, Inc. (NASDAQ:TSLA). Fred Alger Mngmt Inc holds 40,158 shares or 0.06% of its portfolio. Jennison Associates Ltd Llc holds 1.01% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 2.89 million shares. Moreover, Girard Prtnrs has 0.09% invested in Tesla, Inc. (NASDAQ:TSLA) for 1,225 shares. Cls Invests Ltd has 35 shares for 0% of their portfolio. Calamos Advisors Lc holds 0.27% or 104,240 shares in its portfolio. Keybank Natl Association Oh has invested 0.01% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Blair William Il reported 10,912 shares. Ipg Invest Advisors Limited Company holds 11,935 shares or 1.4% of its portfolio. Fifth Third Retail Bank reported 8,452 shares. Kbc Grp Inc Nv reported 30,094 shares stake. Bb&T Limited Liability Com reported 2,387 shares. 450 were accumulated by Edge Wealth Ltd Llc.

Arrow Financial Corp, which manages about $421.38 million US Long portfolio, decreased its stake in Gilead Sciences Inc (NASDAQ:GILD) by 8,570 shares to 9,201 shares, valued at $746,000 in 2017Q3, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 6,329 shares in the quarter, leaving it with 121,552 shares, and cut its stake in Accenture Plc Cl A (NYSE:ACN).

Among 35 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 13 have Buy rating, 10 Sell and 12 Hold. Therefore 37% are positive. Tesla Motors Inc had 127 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, June 28, the company rating was downgraded by Argus Research. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Sell” rating given on Friday, October 30 by UBS. Barclays Capital maintained the shares of TSLA in report on Wednesday, September 13 with “Underweight” rating. As per Friday, May 26, the company rating was maintained by RBC Capital Markets. On Monday, March 14 the stock rating was upgraded by Robert W. Baird to “Outperform”. Credit Suisse maintained it with “Outperform” rating and $240 target in Thursday, February 11 report. The stock has “Overweight” rating by Morgan Stanley on Tuesday, October 6. Nomura initiated the stock with “Buy” rating in Tuesday, October 3 report. The stock has “Neutral” rating by Robert W. Baird on Wednesday, October 7. Sterne Agee CRT initiated the stock with “Buy” rating in Friday, June 3 report.

Since September 1, 2017, it had 0 insider buys, and 9 sales for $4.84 million activity. Shares for $777,887 were sold by Musk Kimbal. Branderiz Eric sold $589,355 worth of stock or 1,736 shares.

Since October 16, 2017, it had 3 insider purchases, and 1 sale for $53.27 million activity. The insider STEPHENS HARRIET C bought $586,475. On Monday, October 16 STEPHENS WARREN A bought $586,475 worth of Conn's, Inc. (NASDAQ:CONN) or 23,000 shares. Schofman David also bought $32,198 worth of Conn's, Inc. (NASDAQ:CONN) on Monday, December 11.

Driehaus Capital Management Llc, which manages about $12.71 billion and $2.57 billion US Long portfolio, decreased its stake in Hudson Technologies Inc (NASDAQ:HDSN) by 252,715 shares to 407,055 shares, valued at $3.18M in 2017Q3, according to the filing. It also reduced its holding in Materialise Nv (NASDAQ:MTLS) by 112,145 shares in the quarter, leaving it with 293,076 shares, and cut its stake in Teradyne Inc (NYSE:TER).

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.25, from 1.04 in 2017Q2. It is positive, as 13 investors sold CONN shares while 32 reduced holdings. 26 funds opened positions while 32 raised stakes. 20.50 million shares or 1.07% less from 20.72 million shares in 2017Q2 were reported. Citadel Advsrs Ltd Liability Corporation stated it has 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Nationwide Fund Advsrs owns 54,420 shares. Assetmark holds 0% in Conn's, Inc. (NASDAQ:CONN) or 15 shares. Tower Capital Limited Com (Trc), New York-based fund reported 4,328 shares. Balyasny Asset Mngmt Ltd Com has invested 0.01% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Acadian Asset Lc stated it has 182,814 shares. Yorktown Mngmt & Rech Incorporated reported 0.06% stake. Prns Ltd Limited Liability Company holds 0.08% in Conn's, Inc. (NASDAQ:CONN) or 81,257 shares. Driehaus Cap Management Ltd Llc invested in 0.19% or 176,317 shares. Point72 Asset Limited Partnership reported 0.13% stake. Savings Bank Of New York Mellon Corp owns 155,496 shares. Clarivest Asset Mngmt Llc stated it has 0% in Conn's, Inc. (NASDAQ:CONN). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Conn's, Inc. (NASDAQ:CONN). Federated Investors Pa stated it has 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Employees Retirement Association Of Colorado has invested 0% in Conn's, Inc. (NASDAQ:CONN).

Among 6 analysts covering CONN’S (NASDAQ:CONN), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. CONN’S had 18 analyst reports since August 17, 2015 according to SRatingsIntel. Piper Jaffray maintained Conn's, Inc. (NASDAQ:CONN) rating on Monday, August 17. Piper Jaffray has “Buy” rating and $45 target. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, December 1. The firm earned “Buy” rating on Tuesday, October 24 by SunTrust. On Tuesday, June 6 the stock rating was maintained by Oppenheimer with “Hold”. The firm earned “Hold” rating on Tuesday, September 15 by Stifel Nicolaus. As per Wednesday, September 21, the company rating was upgraded by Stifel Nicolaus. Stifel Nicolaus maintained Conn's, Inc. (NASDAQ:CONN) on Monday, August 28 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, June 7. The company was downgraded on Wednesday, January 13 by Stifel Nicolaus. The rating was downgraded by Piper Jaffray on Friday, June 3 to “Neutral”.

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