Lapides Asset Management Has Trimmed Its Franklin Covey Co (FC) Position; Vectren (VVC) Sellers Increased By 38% Their Shorts

April 16, 2018 - By Lawrence Diaz

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Lapides Asset Management Llc decreased Franklin Covey Co (FC) stake by 44.17% reported in 2017Q4 SEC filing. Lapides Asset Management Llc sold 15,900 shares as Franklin Covey Co (FC)’s stock rose 33.01%. The Lapides Asset Management Llc holds 20,100 shares with $417,000 value, down from 36,000 last quarter. Franklin Covey Co now has $359.94M valuation. The stock increased 0.39% or $0.1 during the last trading session, reaching $25.9. About 5,006 shares traded. Franklin Covey Co. (NYSE:FC) has risen 68.42% since April 16, 2017 and is uptrending. It has outperformed by 56.87% the S&P500.

Vectren Corporation (NYSE:VVC) had an increase of 38% in short interest. VVC’s SI was 765,500 shares in April as released by FINRA. Its up 38% from 554,700 shares previously. With 478,500 avg volume, 2 days are for Vectren Corporation (NYSE:VVC)’s short sellers to cover VVC’s short positions. The SI to Vectren Corporation’s float is 0.92%. The stock increased 0.20% or $0.13 during the last trading session, reaching $64.35. About 124,727 shares traded. Vectren Corporation (NYSE:VVC) has risen 8.94% since April 16, 2017 and is uptrending. It has underperformed by 2.61% the S&P500.

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company has market cap of $5.35 billion. The firm offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts. It has a 24.75 P/E ratio. The Company’s electric transmission system consists of approximately 1,000 circuit miles of 345, 138, and 69 kilovolt lines, and 34 substations; and distribution system comprises 4,558 circuit miles of lower voltage overhead lines and 436 trench miles of conduit containing 2,386 circuit miles of underground distribution cable, as well as 86 distribution substations and 55,000 distribution transformers.

Among 5 analysts covering Vectren Corp (NYSE:VVC), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Vectren Corp had 10 analyst reports since September 5, 2015 according to SRatingsIntel. Wells Fargo maintained it with “Hold” rating and $58.0 target in Tuesday, February 13 report. KeyBanc Capital Markets upgraded the shares of VVC in report on Thursday, January 12 to “Overweight” rating. Citigroup maintained Vectren Corporation (NYSE:VVC) on Monday, November 20 with “Buy” rating. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Wednesday, April 19. Guggenheim upgraded the shares of VVC in report on Monday, January 9 to “Buy” rating. The rating was upgraded by Citigroup on Wednesday, December 14 to “Buy”. The firm earned “Neutral” rating on Tuesday, January 2 by Guggenheim. Citigroup maintained Vectren Corporation (NYSE:VVC) rating on Wednesday, July 27. Citigroup has “Neutral” rating and $53 target. Zacks upgraded the stock to “Hold” rating in Saturday, September 5 report. KeyBanc Capital Markets maintained Vectren Corporation (NYSE:VVC) on Wednesday, October 18 with “Hold” rating.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.04, from 1.14 in 2017Q3. It increased, as 15 investors sold Vectren Corporation shares while 97 reduced holdings. 42 funds opened positions while 90 raised stakes. 51.82 million shares or 0.18% less from 51.91 million shares in 2017Q3 were reported. New Mexico Educational Retirement Board invested in 0.05% or 20,500 shares. 36,320 were reported by Pub Employees Retirement System Of Ohio. Leucadia Natl Corporation has 0.02% invested in Vectren Corporation (NYSE:VVC). Grace White New York holds 0.17% of its portfolio in Vectren Corporation (NYSE:VVC) for 13,027 shares. Vaughan Nelson Investment Mngmt Lp has invested 0.57% in Vectren Corporation (NYSE:VVC). Menta Capital Lc reported 6,800 shares stake. Bartlett & Ltd Liability Corporation has 1,875 shares. Creative Planning holds 0% or 10,585 shares. Acadian Asset Ltd Liability Corporation reported 793 shares. Balyasny Asset Mngmt Ltd Co owns 329,235 shares or 0.07% of their US portfolio. Parametrica Mgmt Ltd stated it has 5,356 shares. 700,807 are owned by Geode Cap Mgmt Lc. Carroll Fincl Assoc owns 2,463 shares. Stratos Wealth Prtnrs Limited holds 0.01% in Vectren Corporation (NYSE:VVC) or 3,537 shares. Magnetar Financial invested 0.02% of its portfolio in Vectren Corporation (NYSE:VVC).

Lapides Asset Management Llc increased Nuance Communications Inc (NASDAQ:NUAN) stake by 173,300 shares to 406,800 valued at $6.65M in 2017Q4. It also upped Compass Minerals Intl Inc (NYSE:CMP) stake by 8,600 shares and now owns 51,800 shares. Tegna Inc was raised too.

Vectren Corporation (NYSE:VVC) Institutional Positions Chart

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