Ithaka Group Increased Its Holding in Nvidia (NVDA) by $7.10 Million as Stock Rose; Locust Wood Capital Advisers Position in General Dynamics (GD) Cut as Stock Price Rose

February 25, 2018 - By Pete Kolinski

Ithaka Group Llc increased its stake in Nvidia Corp (NVDA) by 157.08% based on its latest 2017Q3 regulatory filing with the SEC. Ithaka Group Llc bought 39,882 shares as the company’s stock rose 26.83% with the market. The institutional investor held 65,272 shares of the semiconductors company at the end of 2017Q3, valued at $11.67M, up from 25,390 at the end of the previous reported quarter. Ithaka Group Llc who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $149.03 billion market cap company. The stock increased 1.56% or $3.78 during the last trading session, reaching $245.93. About 10.38M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since February 25, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

Stephen J. Errico decreased its stake in General Dynamics Corp (GD) by 31.59% based on its latest 2017Q3 regulatory filing with the SEC. Locust Wood Capital Advisers Llc sold 57,745 shares as the company’s stock rose 3.60% with the market. The hedge fund run by Stephen J. Errico held 125,039 shares of the marine transportation company at the end of 2017Q3, valued at $25.71M, down from 182,784 at the end of the previous reported quarter. Locust Wood Capital Advisers Llc who had been investing in General Dynamics Corp for a number of months, seems to be less bullish one the $65.62B market cap company. The stock increased 0.39% or $0.86 during the last trading session, reaching $221. About 1.03M shares traded. General Dynamics Corporation (NYSE:GD) has risen 36.41% since February 25, 2017 and is uptrending. It has outperformed by 19.71% the S&P500.

Since September 1, 2017, it had 0 insider purchases, and 13 sales for $92.81 million activity. 40,359 shares were sold by GAITHER JAMES C, worth $9.91 million on Thursday, February 15. The insider JONES HARVEY C sold $18.57 million. PERRY MARK L had sold 17,307 shares worth $3.94M on Monday, February 12. 50,000 shares valued at $9.48 million were sold by COXE TENCH on Monday, September 18. Byron Michael also sold $69,943 worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, September 1. SEAWELL A BROOKE sold $5.11 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, September 1.

Ithaka Group Llc, which manages about $535.35M and $543.97M US Long portfolio, decreased its stake in Palo Alto Networks Inc. (NYSE:PANW) by 5,294 shares to 86,925 shares, valued at $12.53 million in 2017Q3, according to the filing. It also reduced its holding in Paypal Holdings Inc. by 16,266 shares in the quarter, leaving it with 243,960 shares, and cut its stake in Charles Schwab Corp (NYSE:SCHW).

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. Nvidia Corporation had 185 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, August 11 by Wells Fargo. The company was maintained on Thursday, February 18 by Wedbush. The firm has “Hold” rating by Deutsche Bank given on Friday, February 9. RBC Capital Markets maintained the shares of NVDA in report on Friday, February 10 with “Outperform” rating. As per Tuesday, August 4, the company rating was maintained by Pacific Crest. The firm has “Buy” rating by Goldman Sachs given on Thursday, June 2. As per Friday, January 6, the company rating was maintained by UBS. The firm has “Buy” rating by Topeka Capital Markets given on Friday, May 13. BMO Capital Markets maintained it with “Underperform” rating and $135 target in Friday, November 10 report. As per Thursday, February 8, the company rating was maintained by Mizuho.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.09, from 1.21 in 2017Q2. It improved, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Neumann Lc invested in 19,635 shares or 2.17% of the stock. 22.51M are owned by State Street. 10,108 were accumulated by Adell Harriman And Carpenter. Moreover, State Bank Of Nova Scotia has 0.28% invested in NVIDIA Corporation (NASDAQ:NVDA) for 271,380 shares. Oakworth Inc holds 345 shares or 0.01% of its portfolio. Tcw Gp stated it has 0.33% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Lenox Wealth Mgmt accumulated 368 shares or 0.02% of the stock. Metropolitan Life Insur, a New York-based fund reported 308,000 shares. State Of Wisconsin Investment Board, a Wisconsin-based fund reported 779,531 shares. Focused Wealth Mgmt holds 164 shares or 0.01% of its portfolio. Ngam Advisors LP holds 59,935 shares or 0.11% of its portfolio. Keywise Cap Ltd owns 241,920 shares for 17.09% of their portfolio. Hall Laurie J Trustee invested in 850 shares or 0.09% of the stock. 250 were accumulated by Barrett Asset Mngmt Limited Co. Smith Asset Management Group Inc Lp invested 0.16% in NVIDIA Corporation (NASDAQ:NVDA).

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on April, 25. They expect $2.50 earnings per share, up 0.81% or $0.02 from last year’s $2.48 per share. GD’s profit will be $742.33 million for 22.10 P/E if the $2.50 EPS becomes a reality. After $2.50 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since February 14, 2018, it had 0 insider buys, and 3 selling transactions for $3.15 million activity. $389,574 worth of General Dynamics Corporation (NYSE:GD) was sold by KEANE JOHN M. 3,522 shares valued at $754,828 were sold by Johnson S. Daniel on Wednesday, February 14.

Among 22 analysts covering General Dynamics Corporation (NYSE:GD), 14 have Buy rating, 2 Sell and 6 Hold. Therefore 64% are positive. General Dynamics Corporation had 73 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of GD in report on Friday, June 2 with “Buy” rating. RBC Capital Markets maintained General Dynamics Corporation (NYSE:GD) on Friday, August 11 with “Buy” rating. Citigroup maintained General Dynamics Corporation (NYSE:GD) on Monday, October 9 with “Neutral” rating. The stock has “Neutral” rating by Goldman Sachs on Monday, May 2. On Friday, October 13 the stock rating was maintained by Jefferies with “Buy”. The stock of General Dynamics Corporation (NYSE:GD) earned “Hold” rating by Drexel Hamilton on Friday, July 31. The firm has “Neutral” rating given on Friday, August 11 by Citigroup. The rating was maintained by RBC Capital Markets on Tuesday, January 23 with “Buy”. Zacks downgraded General Dynamics Corporation (NYSE:GD) on Tuesday, August 25 to “Buy” rating. The firm has “Underweight” rating by Morgan Stanley given on Monday, November 13.

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