Central Securities Has Lowered Position in Coherent (COHR) by $4.12 Million as Share Value Declined; Yorktown Management & Research Co Increases Holding in Carnival Corp. (CCL)

April 23, 2018 - By Winifred Garcia

Carnival Corporation (NYSE:CCL) Logo

Yorktown Management & Research Co Inc increased its stake in Carnival Corp. (CCL) by 28.21% based on its latest 2017Q4 regulatory filing with the SEC. Yorktown Management & Research Co Inc bought 5,500 shares as the company’s stock declined 0.93% with the market. The institutional investor held 25,000 shares of the marine transportation company at the end of 2017Q4, valued at $1.66M, up from 19,500 at the end of the previous reported quarter. Yorktown Management & Research Co Inc who had been investing in Carnival Corp. for a number of months, seems to be bullish on the $47.05B market cap company. The stock increased 1.26% or $0.82 during the last trading session, reaching $65.88. About 3.85M shares traded or 10.04% up from the average. Carnival Corporation (NYSE:CCL) has risen 11.65% since April 23, 2017 and is uptrending. It has outperformed by 0.10% the S&P500.

Central Securities Corp decreased its stake in Coherent Inc (COHR) by 4.11% based on its latest 2017Q4 regulatory filing with the SEC. Central Securities Corp sold 14,600 shares as the company’s stock declined 35.76% with the market. The institutional investor held 340,400 shares of the capital goods company at the end of 2017Q4, valued at $96.07M, down from 355,000 at the end of the previous reported quarter. Central Securities Corp who had been investing in Coherent Inc for a number of months, seems to be less bullish one the $4.31 billion market cap company. The stock decreased 0.97% or $1.7 during the last trading session, reaching $173.66. About 245,477 shares traded. Coherent, Inc. (NASDAQ:COHR) has declined 7.45% since April 23, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.01, from 1.03 in 2017Q3. It is negative, as 43 investors sold COHR shares while 111 reduced holdings. 60 funds opened positions while 97 raised stakes. 22.70 million shares or 2.26% less from 23.23 million shares in 2017Q3 were reported. Rafferty Asset Mgmt Lc invested in 9,982 shares or 0.05% of the stock. Voya Investment Management Ltd Com accumulated 22,396 shares. Bokf Na holds 0.02% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 2,242 shares. Los Angeles Capital Mngmt And Equity Rech, a California-based fund reported 7,070 shares. Kames Public Ltd accumulated 338,169 shares. Glenmede Na accumulated 81,594 shares. First Mercantile Trust invested in 0.04% or 704 shares. Credit Suisse Ag has invested 0.01% in Coherent, Inc. (NASDAQ:COHR). Keybank National Association Oh has 3,304 shares for 0.01% of their portfolio. 7,369 were reported by Ameritas Inv. Millennium Mngmt Ltd Liability Co, a New York-based fund reported 282,579 shares. Artisan Prtn Partnership has invested 0.17% in Coherent, Inc. (NASDAQ:COHR). Moreover, Northwestern Mutual Wealth Management has 0% invested in Coherent, Inc. (NASDAQ:COHR). Lpl Fincl Ltd Liability Company has 4,798 shares for 0% of their portfolio. Timessquare Capital Management Limited Liability Company accumulated 372,300 shares.

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on May, 8. They expect $3.52 EPS, up 29.89% or $0.81 from last year’s $2.71 per share. COHR’s profit will be $87.38M for 12.33 P/E if the $3.52 EPS becomes a reality. After $3.54 actual EPS reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts -0.56% negative EPS growth.

Since January 4, 2018, it had 0 buys, and 2 sales for $517,735 activity. Shares for $411,600 were sold by Sechrist Paul F.

Central Securities Corp, which manages about $624.32 million US Long portfolio, upped its stake in Hess Corp (NYSE:HES) by 90,000 shares to 560,000 shares, valued at $26.58 million in 2017Q4, according to the filing.

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Northcoast on Monday, February 12 with “Buy”. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) on Monday, January 9 with “Buy” rating. The stock has “Buy” rating by Benchmark on Thursday, July 20. The stock has “Buy” rating by Needham on Wednesday, November 8. The stock of Coherent, Inc. (NASDAQ:COHR) has “Positive” rating given on Thursday, August 3 by Susquehanna. The rating was maintained by Benchmark with “Buy” on Thursday, November 10. The company was maintained on Monday, March 7 by Stifel Nicolaus. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Longbow on Wednesday, June 28. Needham maintained Coherent, Inc. (NASDAQ:COHR) on Thursday, February 8 with “Buy” rating. Benchmark maintained the shares of COHR in report on Monday, May 23 with “Buy” rating.

Since January 2, 2018, it had 0 insider buys, and 19 selling transactions for $10.44 million activity. On Tuesday, February 13 PEREZ ARNALDO sold $588,852 worth of Carnival Corporation (NYSE:CCL) or 8,567 shares. Shares for $332,073 were sold by DONALD ARNOLD W on Thursday, March 1. 21,602 shares were sold by KRUSE STEIN, worth $1.49 million. $288,874 worth of Carnival Corporation (NYSE:CCL) was sold by GLASIER RICHARD on Monday, January 22. On Tuesday, January 16 the insider BAND SIR JONATHON sold $267,226.

Among 29 analysts covering Carnival Corporation (NYSE:CCL), 20 have Buy rating, 0 Sell and 9 Hold. Therefore 69% are positive. Carnival Corporation had 79 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, November 4 by Buckingham Research. As per Wednesday, September 23, the company rating was maintained by Stifel Nicolaus. The rating was upgraded by William Blair to “Outperform” on Tuesday, March 21. Tigress Financial maintained Carnival Corporation (NYSE:CCL) on Monday, October 2 with “Buy” rating. As per Friday, March 23, the company rating was upgraded by Barclays Capital. The firm has “Neutral” rating given on Friday, March 23 by JP Morgan. On Monday, October 5 the stock rating was maintained by Citigroup with “Buy”. Wolfe Research initiated Carnival Corporation (NYSE:CCL) on Wednesday, November 18 with “Peer Perform” rating. The stock of Carnival Corporation (NYSE:CCL) earned “Neutral” rating by JP Morgan on Thursday, March 31. As per Thursday, June 8, the company rating was maintained by William Blair.

Yorktown Management & Research Co Inc, which manages about $931.40 million and $346.74 million US Long portfolio, decreased its stake in Verizon Communications Inc. (NYSE:VZ) by 72,400 shares to 65,000 shares, valued at $3.44 million in 2017Q4, according to the filing. It also reduced its holding in Take (NASDAQ:TTWO) by 10,600 shares in the quarter, leaving it with 3,200 shares, and cut its stake in Apollo Commercial Real Estate Finance Inc. (NYSE:ARI).

Coherent, Inc. (NASDAQ:COHR) Institutional Positions Chart

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