Ejf Capital Has Upped Stake in Iberiabank (IBKC); As Nike (NKE) Share Price Rose, Shareholder Cim Increased Its Position

April 17, 2018 - By Nellie Frank

IBERIABANK Corporation (NASDAQ:IBKC) Logo

Emanuel J. Friedman increased its stake in Iberiabank Corp (IBKC) by 178.22% based on its latest 2017Q4 regulatory filing with the SEC. Ejf Capital Llc bought 356,449 shares as the company’s stock declined 2.14% with the market. The hedge fund run by Emanuel J. Friedman held 556,449 shares of the major banks company at the end of 2017Q4, valued at $43.13M, up from 200,000 at the end of the previous reported quarter. Ejf Capital Llc who had been investing in Iberiabank Corp for a number of months, seems to be bullish on the $4.21 billion market cap company. The stock decreased 0.51% or $0.4 during the last trading session, reaching $77.95. About 214,203 shares traded. IBERIABANK Corporation (NASDAQ:IBKC) has risen 2.51% since April 17, 2017 and is uptrending. It has underperformed by 9.04% the S&P500.

Cim Llc increased its stake in Nike Inc (NKE) by 3.18% based on its latest 2017Q4 regulatory filing with the SEC. Cim Llc bought 5,147 shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 167,034 shares of the consumer non-durables company at the end of 2017Q4, valued at $10.45 million, up from 161,887 at the end of the previous reported quarter. Cim Llc who had been investing in Nike Inc for a number of months, seems to be bullish on the $108.97B market cap company. The stock increased 0.82% or $0.55 during the last trading session, reaching $67.61. About 3.96 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 17, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Since December 11, 2017, it had 0 insider buys, and 8 sales for $45.81 million activity. Shares for $9.45M were sold by PARKER MARK G on Tuesday, February 27. EDWARDS TREVOR A sold $6.85M worth of stock. On Tuesday, January 2 Slusher John F sold $7.94 million worth of NIKE, Inc. (NYSE:NKE) or 125,722 shares. Another trade for 100,000 shares valued at $6.77M was sold by SPRUNK ERIC D.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 232 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Susquehanna on Wednesday, August 26 to “Positive”. Bank of America maintained the stock with “Neutral” rating in Wednesday, September 28 report. The firm earned “Outperform” rating on Friday, June 30 by Telsey Advisory Group. Cowen & Co maintained the shares of NKE in report on Thursday, March 23 with “Market Perform” rating. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, March 23. On Tuesday, October 17 the stock rating was maintained by Buckingham Research with “Buy”. On Friday, September 25 the stock rating was maintained by Macquarie Research with “Outperform”. The stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by M Partners on Thursday, March 23. As per Tuesday, September 22, the company rating was maintained by Canaccord Genuity. The rating was maintained by Needham with “Hold” on Wednesday, September 27.

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.06, from 0.8 in 2017Q3. It dropped, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Gould Asset Mngmt Ltd Co Ca stated it has 3,285 shares. Forte Cap Ltd Liability Corp Adv accumulated 1.04% or 55,802 shares. Tci Wealth Advsr holds 0.01% of its portfolio in NIKE, Inc. (NYSE:NKE) for 531 shares. Burke & Herbert Bankshares & Tru reported 5,291 shares. Of Toledo Na Oh owns 52,916 shares or 0.82% of their US portfolio. Eaton Vance accumulated 5.99M shares. Da Davidson & owns 148,415 shares or 0.19% of their US portfolio. Bkd Wealth Advsr Limited Liability Company holds 0.03% or 5,268 shares in its portfolio. Aqr Mngmt Lc invested in 522,953 shares. Tru Com Of Virginia Va has invested 0.08% in NIKE, Inc. (NYSE:NKE). Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.45% in NIKE, Inc. (NYSE:NKE). 1.07 million were reported by Fincl Bank Of Montreal Can. Amalgamated Savings Bank owns 172,399 shares for 0.29% of their portfolio. Wealthfront Inc holds 36,441 shares or 0.03% of its portfolio. Private Advisor Gru Limited Liability Com owns 38,958 shares for 0.1% of their portfolio.

Cim Llc, which manages about $285.00M and $255.04M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 11,903 shares to 59,507 shares, valued at $10.50 million in 2017Q4, according to the filing. It also reduced its holding in Align Technology Inc (NASDAQ:ALGN) by 1,541 shares in the quarter, leaving it with 4,146 shares, and cut its stake in Cognizant Technology Solutio (NASDAQ:CTSH).

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. IberiaBank had 51 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was downgraded by Sandler O’Neill to “Hold” on Tuesday, September 13. Piper Jaffray maintained the stock with “Hold” rating in Friday, July 21 report. SunTrust maintained IBERIABANK Corporation (NASDAQ:IBKC) rating on Thursday, October 5. SunTrust has “Hold” rating and $90.0 target. The rating was downgraded by Robert W. Baird to “Hold” on Monday, October 23. The firm earned “Buy” rating on Monday, October 9 by Jefferies. On Thursday, October 5 the stock rating was reinitiated by PiperJaffray with “Overweight”. The company was upgraded on Friday, December 2 by Sandler O’Neill. The rating was maintained by Stephens with “Buy” on Monday, July 31. On Wednesday, August 17 the stock rating was upgraded by Wood to “Outperform”. Piper Jaffray upgraded IBERIABANK Corporation (NASDAQ:IBKC) on Friday, October 7 to “Overweight” rating.

Ejf Capital Llc, which manages about $7.64B and $1.25B US Long portfolio, decreased its stake in Connectone Bancorp Inc New (NASDAQ:CNOB) by 50,000 shares to 500,000 shares, valued at $12.88 million in 2017Q4, according to the filing. It also reduced its holding in Blue Hills Bancorp Inc (NASDAQ:BHBK) by 43,676 shares in the quarter, leaving it with 956,324 shares, and cut its stake in On Deck Cap Inc.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart

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