Avalon Global Asset Management Raised Chegg (CHGG) Holding By $464,000; Sterling Capital Has 1.19 Sentiment

April 16, 2018 - By Pete Kolinski

Chegg, Inc. (NYSE:CHGG) Logo

Avalon Global Asset Management Llc increased Chegg Inc (CHGG) stake by 14.8% reported in 2017Q4 SEC filing. Avalon Global Asset Management Llc acquired 29,000 shares as Chegg Inc (CHGG)’s stock rose 31.43%. The Avalon Global Asset Management Llc holds 225,000 shares with $3.67M value, up from 196,000 last quarter. Chegg Inc now has $2.42 billion valuation. The stock increased 1.10% or $0.24 during the last trading session, reaching $21.99. About 611,910 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 163.02% since April 16, 2017 and is uptrending. It has outperformed by 151.47% the S&P500.

Sterling Capital Corp (SPR) investors sentiment increased to 1.19 in 2017 Q4. It’s up 0.10, from 1.09 in 2017Q3. The ratio is positive, as 166 institutional investors increased and opened new equity positions, while 140 reduced and sold stock positions in Sterling Capital Corp. The institutional investors in our database reported: 108.59 million shares, down from 109.62 million shares in 2017Q3. Also, the number of institutional investors holding Sterling Capital Corp in top ten equity positions decreased from 9 to 8 for a decrease of 1. Sold All: 38 Reduced: 102 Increased: 97 New Position: 69.

Investors sentiment decreased to 1.55 in 2017 Q4. Its down 0.34, from 1.89 in 2017Q3. It dropped, as 20 investors sold CHGG shares while 38 reduced holdings. 27 funds opened positions while 63 raised stakes. 112.03 million shares or 9.19% more from 102.60 million shares in 2017Q3 were reported. Selkirk Ltd Liability owns 328,000 shares. Barclays Public Limited Co reported 33,554 shares. Pier Capital Limited Liability Com reported 1.01% in Chegg, Inc. (NYSE:CHGG). Credit Agricole S A accumulated 0.07% or 60,000 shares. Us Bancorp De owns 8,232 shares or 0% of their US portfolio. 73,004 are held by Manufacturers Life Insurance The. Legal General Plc invested 0% of its portfolio in Chegg, Inc. (NYSE:CHGG). Public Employees Retirement Association Of Colorado owns 4,664 shares for 0% of their portfolio. Winch Advisory Limited Company owns 500 shares. Northern reported 1.12M shares or 0% of all its holdings. Cap World reported 1.25 million shares. Neuberger Berman Gp Llc, a New York-based fund reported 61,539 shares. Tradewinds Cap Ltd Liability Co holds 296 shares or 0% of its portfolio. Baillie Gifford Communications has 0.02% invested in Chegg, Inc. (NYSE:CHGG) for 1.08M shares. Kbc Grp Nv holds 104,482 shares or 0.01% of its portfolio.

Since December 13, 2017, it had 0 buys, and 23 selling transactions for $26.00 million activity. On Monday, March 26 Schultz Nathan J. sold $324,126 worth of Chegg, Inc. (NYSE:CHGG) or 14,733 shares. Lem Esther also sold $326,990 worth of Chegg, Inc. (NYSE:CHGG) on Monday, December 18. $217,017 worth of Chegg, Inc. (NYSE:CHGG) was sold by BORDERS DAVE JR. on Monday, January 1. TOMASELLO ROBIN had sold 138,949 shares worth $3.01 million on Wednesday, March 14. The insider ROSENSWEIG DANIEL sold 199,611 shares worth $3.19M. $2.00 million worth of Chegg, Inc. (NYSE:CHGG) was sold by Osier Michael A.. BRANDEMUEHL JENNY had sold 50,000 shares worth $783,500 on Wednesday, December 13.

Among 14 analysts covering Chegg Inc (NYSE:CHGG), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Chegg Inc had 40 analyst reports since August 5, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of CHGG in report on Wednesday, January 17 with “Buy” rating. The company was maintained on Tuesday, February 13 by JP Morgan. The firm earned “Outperform” rating on Tuesday, April 11 by Northland Capital. The rating was initiated by Craig Hallum with “Buy” on Thursday, November 19. The firm earned “Overweight” rating on Thursday, September 10 by First Analysis. The rating was downgraded by Raymond James on Tuesday, February 23 to “Market Perform”. Barrington Research maintained Chegg, Inc. (NYSE:CHGG) rating on Tuesday, February 14. Barrington Research has “Outperform” rating and $12.50 target. As per Wednesday, June 21, the company rating was maintained by Jefferies. The firm has “Buy” rating by Jefferies given on Wednesday, July 26. Lake Street maintained Chegg, Inc. (NYSE:CHGG) rating on Tuesday, November 8. Lake Street has “Buy” rating and $9 target.

Avalon Global Asset Management Llc decreased Splunk Inc (NASDAQ:SPLK) stake by 5,000 shares to 88,420 valued at $7.33M in 2017Q4. It also reduced Pvh Corp (NYSE:PVH) stake by 5,000 shares and now owns 30,000 shares. Macys Inc (NYSE:M) was reduced too.

Spirit AeroSystems Holdings, Inc., through its subsidiaries, designs, makes, and supplies commercial aero structures worldwide. The company has market cap of $9.00 billion. Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a commercial aerospace original equipment maker worldwide. It has a 26.08 P/E ratio. The firm operates through three divisions: Fuselage Systems, Propulsion Systems, and Wing Systems.

Ratings analysis reveals 20% of Spirit Aerosystems’s analysts are positive. Out of 5 Wall Street analysts rating Spirit Aerosystems, 1 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $54.0 while the high is $55.0. The stock’s average target of $54.50 is -30.58% below today’s ($78.51) share price. SPR was included in 5 notes of analysts from October 6, 2016. Standpoint Research downgraded the stock to “Hold” rating in Tuesday, February 28 report. The firm earned “Neutral” rating on Friday, December 9 by JP Morgan. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Hold” rating by SunTrust on Thursday, January 19. Robert W. Baird initiated Spirit AeroSystems Holdings, Inc. (NYSE:SPR) rating on Thursday, October 6. Robert W. Baird has “Outperform” rating and $54.0 target. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has “Underperform” rating given on Thursday, January 12 by RBC Capital Markets.

Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on May, 2. They expect $1.36 earnings per share, up 16.24% or $0.19 from last year’s $1.17 per share. SPR’s profit will be $155.90M for 14.43 P/E if the $1.36 EPS becomes a reality. After $1.32 actual earnings per share reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts 3.03% EPS growth.

Darsana Capital Partners Lp holds 17.64% of its portfolio in Spirit AeroSystems Holdings, Inc. for 5.50 million shares. Hound Partners Llc owns 4.21 million shares or 10.08% of their US portfolio. Moreover, Marble Arch Investments Lp has 9.08% invested in the company for 1.35 million shares. The New York-based Newtyn Management Llc has invested 3.67% in the stock. Hallmark Capital Management Inc, a New Jersey-based fund reported 217,436 shares.

Chegg, Inc. (NYSE:CHGG) Institutional Positions Chart

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