As Ii (IIVI) Market Value Declined, Shareholder Alphamark Advisors Has Trimmed Stake; Ringcentral (RNG) Holder Whale Rock Capital Management Has Lowered Its Stake as Stock Rose

April 19, 2018 - By Michael Collier

RingCentral, Inc. (NYSE:RNG) Logo

Alphamark Advisors Llc decreased its stake in Ii (IIVI) by 27.08% based on its latest 2017Q4 regulatory filing with the SEC. Alphamark Advisors Llc sold 7,455 shares as the company’s stock declined 9.83% with the market. The institutional investor held 20,071 shares of the electronic components company at the end of 2017Q4, valued at $942,000, down from 27,526 at the end of the previous reported quarter. Alphamark Advisors Llc who had been investing in Ii for a number of months, seems to be less bullish one the $2.72B market cap company. The stock increased 1.40% or $0.6 during the last trading session, reaching $43.6. About 397,690 shares traded. II-VI Incorporated (NASDAQ:IIVI) has risen 8.25% since April 19, 2017 and is uptrending. It has underperformed by 3.30% the S&P500.

Alex Sacerdote decreased its stake in Ringcentral Inc (RNG) by 25.87% based on its latest 2017Q4 regulatory filing with the SEC. Whale Rock Capital Management Llc sold 259,425 shares as the company’s stock rose 37.32% while stock markets declined. The hedge fund run by Alex Sacerdote held 743,568 shares of the technology company at the end of 2017Q4, valued at $35.99 million, down from 1.00 million at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Ringcentral Inc for a number of months, seems to be less bullish one the $5.43B market cap company. The stock increased 0.51% or $0.35 during the last trading session, reaching $69.05. About 688,825 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 143.04% since April 19, 2017 and is uptrending. It has outperformed by 131.49% the S&P500.

Analysts await II-VI Incorporated (NASDAQ:IIVI) to report earnings on May, 1. They expect $0.36 EPS, up 2.86% or $0.01 from last year’s $0.35 per share. IIVI’s profit will be $22.49 million for 30.28 P/E if the $0.36 EPS becomes a reality. After $0.39 actual EPS reported by II-VI Incorporated for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

Since March 20, 2018, it had 0 insider buys, and 1 sale for $378,738 activity.

Alphamark Advisors Llc, which manages about $314.05 million and $255.88 million US Long portfolio, upped its stake in Ishares S&P 500 (IVV) by 2,153 shares to 2,253 shares, valued at $606,000 in 2017Q4, according to the filing.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.10, from 1.08 in 2017Q3. It dived, as 24 investors sold IIVI shares while 76 reduced holdings. 43 funds opened positions while 55 raised stakes. 53.88 million shares or 10.18% more from 48.90 million shares in 2017Q3 were reported. Rhumbline Advisers invested 0.01% of its portfolio in II-VI Incorporated (NASDAQ:IIVI). First Trust Advsrs Limited Partnership stated it has 0.01% of its portfolio in II-VI Incorporated (NASDAQ:IIVI). Pillar Pacific Capital Management Lc reported 0.1% of its portfolio in II-VI Incorporated (NASDAQ:IIVI). The New York-based Metropolitan Life Insurance Ny has invested 0.01% in II-VI Incorporated (NASDAQ:IIVI). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 3,956 shares. Fiera Capital reported 0.01% stake. Ameritas Invest Prtnrs holds 5,140 shares. Us Retail Bank De stated it has 4,891 shares or 0% of all its holdings. Brinker Capital accumulated 6,942 shares. 37,176 are held by Jefferies Grp Inc Ltd Liability. Commercial Bank Of Nova Scotia holds 85,959 shares or 0.02% of its portfolio. Blackrock invested in 7.56M shares. Rmb Capital Ltd Llc has invested 0.17% in II-VI Incorporated (NASDAQ:IIVI). Granite Point LP stated it has 0.03% of its portfolio in II-VI Incorporated (NASDAQ:IIVI). Commercial Bank Of Ny Mellon Corporation, New York-based fund reported 1.34 million shares.

Among 13 analysts covering II-VI (NASDAQ:IIVI), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. II-VI had 34 analyst reports since August 4, 2015 according to SRatingsIntel. TheStreet downgraded the stock to “Buy” rating in Saturday, August 15 report. The stock of II-VI Incorporated (NASDAQ:IIVI) has “Buy” rating given on Tuesday, January 24 by Benchmark. Benchmark maintained II-VI Incorporated (NASDAQ:IIVI) rating on Monday, June 5. Benchmark has “Buy” rating and $4000 target. The stock has “Buy” rating by Needham on Wednesday, June 21. The stock of II-VI Incorporated (NASDAQ:IIVI) has “Buy” rating given on Wednesday, January 25 by Needham. The rating was upgraded by FBR Capital on Tuesday, March 20 to “Buy”. On Friday, September 8 the stock rating was maintained by Benchmark with “Buy”. Northland Capital maintained the shares of IIVI in report on Wednesday, September 13 with “Buy” rating. The rating was maintained by Benchmark with “Buy” on Wednesday, August 23. The firm has “Buy” rating by Benchmark given on Tuesday, August 8.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.02, from 0.99 in 2017Q3. It fall, as 10 investors sold RNG shares while 76 reduced holdings. 35 funds opened positions while 48 raised stakes. 56.14 million shares or 1.08% more from 55.54 million shares in 2017Q3 were reported. Venator Management Ltd reported 54,400 shares. Stone Ridge Asset Mngmt Limited Liability Com reported 0.03% stake. 86,580 were reported by Columbia L L C Investment. Eagle Asset Mgmt reported 0.08% stake. Brandywine Managers Limited Liability Com invested in 23,095 shares. Barclays Public Limited invested in 0% or 94,731 shares. New York-based Goldman Sachs Group has invested 0% in RingCentral, Inc. (NYSE:RNG). Ngam Advsrs LP has 0.02% invested in RingCentral, Inc. (NYSE:RNG). Sei Investments accumulated 25,611 shares. Guggenheim Capital Ltd Liability Corp owns 27,849 shares for 0% of their portfolio. Point72 Asia (Hong Kong) reported 131 shares. Fortaleza Asset Management accumulated 0.36% or 1,190 shares. Denver Investment Advisors Limited Company owns 15,944 shares. Morgan Stanley has 0% invested in RingCentral, Inc. (NYSE:RNG) for 166,658 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 3,331 shares for 0% of their portfolio.

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on April, 24. They expect $-0.06 earnings per share, up 33.33% or $0.03 from last year’s $-0.09 per share. After $-0.08 actual earnings per share reported by RingCentral, Inc. for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

Whale Rock Capital Management Llc, which manages about $1.16 billion and $2.16B US Long portfolio, upped its stake in Micron Technology Inc (NASDAQ:MU) by 518,676 shares to 1.14 million shares, valued at $46.81 million in 2017Q4, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 129,794 shares in the quarter, for a total of 879,392 shares, and has risen its stake in Zendesk Inc (NYSE:ZEN).

Among 18 analysts covering RingCentral (NYSE:RNG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. RingCentral had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Northland Capital maintained it with “Buy” rating and $4300 target in Thursday, August 3 report. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, December 9. Canaccord Genuity initiated it with “Buy” rating and $23 target in Monday, August 10 report. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, April 11 report. The rating was maintained by Jefferies with “Buy” on Thursday, November 9. Robert W. Baird upgraded the stock to “Outperform” rating in Monday, December 12 report. The company was maintained on Tuesday, February 13 by Northland Capital. Stephens maintained it with “Buy” rating and $60.0 target in Tuesday, February 13 report. Bank of America maintained RingCentral, Inc. (NYSE:RNG) on Wednesday, October 25 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $26 target in Wednesday, December 2 report.

Since December 11, 2017, it had 0 insider buys, and 18 insider sales for $12.51 million activity. Shmunis Vladimir sold 48,666 shares worth $2.29 million. 3,000 shares were sold by Dhruv Mitesh, worth $143,550 on Tuesday, December 19. Another trade for 10,000 shares valued at $661,300 was made by Shah Praful on Thursday, March 8. Sipes David sold 15,300 shares worth $955,155.

II-VI Incorporated (NASDAQ:IIVI) Institutional Positions Chart

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