Ksa Capital Management Has Cut Its Stake in Manitowoc (MTW) as Stock Value Declined; Ing Groep Nv Trimmed Stake in Equinix (EQIX) as Shares Declined

April 19, 2018 - By Peter Erickson

The Manitowoc Company, Inc. (NYSE:MTW) Logo

Ing Groep Nv decreased its stake in Equinix Inc (EQIX) by 46.62% based on its latest 2017Q4 regulatory filing with the SEC. Ing Groep Nv sold 1,304 shares as the company’s stock declined 8.22% with the market. The institutional investor held 1,493 shares of the consumer services company at the end of 2017Q4, valued at $677,000, down from 2,797 at the end of the previous reported quarter. Ing Groep Nv who had been investing in Equinix Inc for a number of months, seems to be less bullish one the $32.82 billion market cap company. The stock increased 1.08% or $4.42 during the last trading session, reaching $414.18. About 435,747 shares traded. Equinix, Inc. (NASDAQ:EQIX) has risen 6.74% since April 19, 2017 and is uptrending. It has underperformed by 4.81% the S&P500.

Daniel Khoshaba decreased its stake in Manitowoc Inc (MTW) by 75% based on its latest 2017Q4 regulatory filing with the SEC. Ksa Capital Management Llc sold 22,500 shares as the company’s stock declined 28.76% with the market. The hedge fund run by Daniel Khoshaba held 7,500 shares of the capital goods company at the end of 2017Q4, valued at $295,000, down from 30,000 at the end of the previous reported quarter. Ksa Capital Management Llc who had been investing in Manitowoc Inc for a number of months, seems to be less bullish one the $1.03B market cap company. The stock decreased 0.14% or $0.04 during the last trading session, reaching $29.05. About 290,933 shares traded. The Manitowoc Company, Inc. (NYSE:MTW) has risen 27.58% since April 19, 2017 and is uptrending. It has outperformed by 16.03% the S&P500.

Investors sentiment decreased to 1.33 in Q4 2017. Its down 0.07, from 1.4 in 2017Q3. It is negative, as 33 investors sold EQIX shares while 156 reduced holdings. 66 funds opened positions while 185 raised stakes. 74.06 million shares or 1.05% more from 73.29 million shares in 2017Q3 were reported. Schwab Charles Mgmt reported 0.1% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Wolverine Asset Mngmt Ltd stated it has 0.17% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Earnest Ptnrs Limited accumulated 44 shares or 0% of the stock. Old Mutual Customised Solutions (Proprietary) Ltd reported 0.18% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Boston Private Wealth Limited Liability Company owns 456 shares. Fjarde Ap invested 0.09% in Equinix, Inc. (NASDAQ:REIT). Comerica Bancorporation has 36,294 shares for 0.11% of their portfolio. Deutsche Savings Bank Ag holds 0.17% or 587,580 shares in its portfolio. Gemmer Asset Mngmt Ltd Liability Company reported 0.01% in Equinix, Inc. (NASDAQ:REIT). Great West Life Assurance Com Can has 106,643 shares. Oakbrook Investments Ltd Co owns 3,297 shares or 0.09% of their US portfolio. Ameriprise accumulated 568,772 shares or 0.12% of the stock. Voya Investment Mngmt Limited Com has invested 0.29% in Equinix, Inc. (NASDAQ:REIT). Shufro Rose Ltd Liability reported 3,222 shares. Amer Century owns 1.04 million shares.

Among 24 analysts covering Equinix (NASDAQ:EQIX), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix had 68 analyst reports since July 31, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Buy” rating in Wednesday, August 2 report. The firm has “Hold” rating given on Monday, July 3 by Jefferies. The company was upgraded on Monday, January 4 by Wells Fargo. UBS upgraded the shares of EQIX in report on Monday, January 29 to “Buy” rating. Cowen & Co maintained the shares of EQIX in report on Thursday, September 21 with “Buy” rating. Canaccord Genuity maintained the shares of EQIX in report on Monday, June 12 with “Buy” rating. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Buy” rating by Cowen & Co on Thursday, February 15. SunTrust maintained Equinix, Inc. (NASDAQ:REIT) rating on Wednesday, December 6. SunTrust has “Buy” rating and $575.0 target. Citigroup maintained Equinix, Inc. (NASDAQ:REIT) rating on Thursday, August 4. Citigroup has “Neutral” rating and $400 target. The rating was maintained by RBC Capital Markets on Tuesday, July 28 with “Outperform”.

Ing Groep Nv, which manages about $5.88 billion and $6.00 billion US Long portfolio, upped its stake in Moodys Corp (NYSE:MCO) by 10,447 shares to 15,808 shares, valued at $2.33M in 2017Q4, according to the filing. It also increased its holding in Gw Pharmaceuticals Plc (NASDAQ:GWPH) by 3,300 shares in the quarter, for a total of 18,496 shares, and has risen its stake in Coca Cola Co (NYSE:KO).

Since December 14, 2017, it had 0 insider purchases, and 28 sales for $28.88 million activity. On Tuesday, February 27 the insider STROHMEYER KARL sold $435,490. Shares for $296,712 were sold by VAN CAMP PETER. Shares for $756,216 were sold by Meyers Charles J. The insider Campbell Michael Earl sold $399,577. 2,442 shares were sold by Schwartz Eric, worth $981,648. 5,296 shares valued at $2.07M were sold by LYONS IRVING F III on Tuesday, March 6.

Ksa Capital Management Llc, which manages about $287.50M and $51.38M US Long portfolio, upped its stake in Cisco Sys Inc (Call) (NASDAQ:CSCO) by 10,000 shares to 20,000 shares, valued at $760,000 in 2017Q4, according to the filing.

Investors sentiment decreased to 0.01 in 2017 Q4. Its down 1.32, from 1.33 in 2017Q3. It is negative, as 151 investors sold MTW shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 25,008 shares or 99.98% less from 109.39 million shares in 2017Q3 were reported. Greenwich Wealth Mgmt Ltd Limited Liability Company reported 0.08% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW). Ksa Mgmt Ltd Limited Liability Company holds 0.57% or 7,500 shares in its portfolio. Winch Advisory Services Limited Liability Com reported 152 shares. Leavell Invest invested 0.03% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW).

Among 18 analysts covering Manitowoc Company (NYSE:MTW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Manitowoc Company had 71 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Thursday, March 31 by Citigroup. The rating was upgraded by JP Morgan to “Neutral” on Thursday, August 17. The stock of The Manitowoc Company, Inc. (NYSE:MTW) earned “Hold” rating by Deutsche Bank on Friday, April 7. Credit Suisse maintained the shares of MTW in report on Wednesday, August 9 with “Neutral” rating. On Tuesday, September 12 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of The Manitowoc Company, Inc. (NYSE:MTW) has “Buy” rating given on Tuesday, December 12 by Barclays Capital. The rating was upgraded by RBC Capital Markets on Wednesday, November 1 to “Buy”. The stock of The Manitowoc Company, Inc. (NYSE:MTW) earned “Hold” rating by Deutsche Bank on Friday, July 31. The rating was maintained by JP Morgan with “Underweight” on Tuesday, April 10. Stifel Nicolaus maintained the shares of MTW in report on Friday, February 9 with “Buy” rating.

Analysts await The Manitowoc Company, Inc. (NYSE:MTW) to report earnings on May, 14. They expect $-0.24 earnings per share, up 64.71% or $0.44 from last year’s $-0.68 per share. After $-0.15 actual earnings per share reported by The Manitowoc Company, Inc. for the previous quarter, Wall Street now forecasts 60.00% negative EPS growth.

Since February 13, 2018, it had 1 buy, and 3 insider sales for $76,199 activity. $212,293 worth of stock was bought by Antoniuk David J on Tuesday, March 13.

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