Torchmark (TMK) Valuation Declined While Artisan Partners Limited Partnership Lowered by $2.25 Million Its Holding; Dalton Investments Has Trimmed Its Himax Technologies (HIMX) Stake by $2.00 Million as Market Value Declined

May 18, 2018 - By Winifred Garcia

Gifford Combs decreased its stake in Himax Technologies Inc (HIMX) by 9.49% based on its latest 2017Q4 regulatory filing with the SEC. Dalton Investments Llc sold 200,000 shares as the company’s stock declined 34.70% with the market. The hedge fund run by Gifford Combs held 1.91M shares of the technology company at the end of 2017Q4, valued at $19.88 million, down from 2.11 million at the end of the previous reported quarter. Dalton Investments Llc who had been investing in Himax Technologies Inc for a number of months, seems to be less bullish one the $1.25 billion market cap company. The stock increased 0.83% or $0.06 during the last trading session, reaching $7.28. About 1.09M shares traded. Himax Technologies, Inc. (NASDAQ:HIMX) has declined 30.83% since May 18, 2017 and is downtrending. It has underperformed by 42.38% the S&P500.

Artisan Partners Limited Partnership decreased its stake in Torchmark Corp (TMK) by 1.23% based on its latest 2017Q4 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 24,955 shares as the company’s stock declined 8.29% with the market. The institutional investor held 2.01M shares of the life insurance company at the end of 2017Q4, valued at $182.14 million, down from 2.03 million at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Torchmark Corp for a number of months, seems to be less bullish one the $9.73 billion market cap company. The stock increased 0.05% or $0.04 during the last trading session, reaching $85.71. About 287,491 shares traded. Torchmark Corporation (NYSE:TMK) has risen 8.95% since May 18, 2017 and is uptrending. It has underperformed by 2.60% the S&P500.

Among 12 analysts covering Himax Tech (NASDAQ:HIMX), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Himax Tech had 55 analyst reports since August 10, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, January 18 by Credit Suisse. Northland Capital maintained Himax Technologies, Inc. (NASDAQ:HIMX) on Friday, March 2 with “Buy” rating. As per Monday, November 27, the company rating was downgraded by Morgan Stanley. The stock of Himax Technologies, Inc. (NASDAQ:HIMX) has “Buy” rating given on Tuesday, January 9 by Robert W. Baird. The stock has “Market Perform” rating by Northland Capital on Wednesday, October 21. Roth Capital maintained it with “Buy” rating and $10.0 target in Wednesday, August 30 report. Northland Capital maintained it with “Market Perform” rating and $7 target in Thursday, November 12 report. The firm has “Neutral” rating by Credit Suisse given on Friday, August 28. The firm has “Buy” rating by Robert W. Baird given on Friday, October 20. Robert W. Baird maintained Himax Technologies, Inc. (NASDAQ:HIMX) on Friday, November 10 with “Outperform” rating.

Dalton Investments Llc, which manages about $3.14 billion and $265.26 million US Long portfolio, upped its stake in China Online Ed Group by 143,710 shares to 403,038 shares, valued at $5.04 million in 2017Q4, according to the filing. It also increased its holding in Icici Bk Ltd (NYSE:IBN) by 54,490 shares in the quarter, for a total of 1.02M shares, and has risen its stake in Tarena Intl Inc (NASDAQ:TEDU).

More important recent Himax Technologies, Inc. (NASDAQ:HIMX) news were published by: Seekingalpha.com which released: “Semiconductor Stocks, ETFs: Which Best Wealth-Builders?” on May 14, 2018, also Seekingalpha.com published article titled: “Himax +4.3% on Q1 beats, upside revenue guidance”, Globenewswire.com published: “Himax Technologies, Inc. Schedules First Quarter 2018 Financial Results Conference Call for Thursday, May 10th at 8 …” on April 23, 2018. More interesting news about Himax Technologies, Inc. (NASDAQ:HIMX) was released by: Seekingalpha.com and their article: “Himax: Bad Timing” with publication date: May 13, 2018.

Artisan Partners Limited Partnership, which manages about $52.81 billion US Long portfolio, upped its stake in Gardner Denver Hldgs Inc by 1.69 million shares to 6.64M shares, valued at $225.22M in 2017Q4, according to the filing. It also increased its holding in Ambarella Inc (NASDAQ:AMBA) by 43,332 shares in the quarter, for a total of 401,087 shares, and has risen its stake in Hubspot Inc (NYSE:HUBS).

Analysts await Torchmark Corporation (NYSE:TMK) to report earnings on July, 25. They expect $1.50 EPS, up 26.05% or $0.31 from last year’s $1.19 per share. TMK’s profit will be $170.34 million for 14.29 P/E if the $1.50 EPS becomes a reality. After $1.49 actual EPS reported by Torchmark Corporation for the previous quarter, Wall Street now forecasts 0.67% EPS growth.

Investors sentiment increased to 1 in 2017 Q4. Its up 0.18, from 0.82 in 2017Q3. It improved, as 27 investors sold TMK shares while 143 reduced holdings. 59 funds opened positions while 111 raised stakes. 79.58 million shares or 0.47% more from 79.21 million shares in 2017Q3 were reported. Fisher Asset Mgmt Limited Company has 186,225 shares for 0.02% of their portfolio. 15,000 were accumulated by Palisade Asset Limited Liability Company. Whittier Trust Of Nevada has 0% invested in Torchmark Corporation (NYSE:TMK). Cetera Advisor Ltd holds 4,781 shares. Legal General Group Public Ltd Liability Corporation reported 624,866 shares or 0.04% of all its holdings. 4,051 are held by Tiedemann Wealth Management Limited Liability Company. Meiji Yasuda Asset Management Limited holds 0.06% of its portfolio in Torchmark Corporation (NYSE:TMK) for 6,727 shares. Lincoln Natl reported 8,626 shares. First Manhattan invested 0.03% of its portfolio in Torchmark Corporation (NYSE:TMK). Bbva Compass Natl Bank invested 0.06% of its portfolio in Torchmark Corporation (NYSE:TMK). Texas Permanent School Fund invested in 29,312 shares or 0.03% of the stock. 5 were accumulated by Country Bancorp. Hsbc Public Ltd Company invested in 248,888 shares. Dynamic Mgmt has 0.27% invested in Torchmark Corporation (NYSE:TMK) for 8,520 shares. Leavell Inv Mgmt Incorporated has 1.4% invested in Torchmark Corporation (NYSE:TMK) for 131,112 shares.

Among 12 analysts covering Torchmark Corporation (NYSE:TMK), 1 have Buy rating, 4 Sell and 7 Hold. Therefore 8% are positive. Torchmark Corporation had 37 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America on Friday, November 18 to “Underperform”. The stock of Torchmark Corporation (NYSE:TMK) earned “Hold” rating by Zacks on Wednesday, September 2. Keefe Bruyette & Woods maintained it with “Hold” rating and $96.0 target in Thursday, December 21 report. The rating was maintained by Wood with “Hold” on Monday, May 29. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, November 10. The firm earned “Outperform” rating on Wednesday, January 13 by Wells Fargo. The stock has “Market Perform” rating by FBR Capital on Monday, August 3. The stock of Torchmark Corporation (NYSE:TMK) has “Hold” rating given on Friday, October 6 by Keefe Bruyette & Woods. The rating was upgraded by Zacks to “Sell” on Tuesday, August 25. Wells Fargo reinitiated Torchmark Corporation (NYSE:TMK) on Friday, September 23 with “Underperform” rating.

Since January 4, 2018, it had 0 buys, and 12 selling transactions for $16.43 million activity. Darden James Matthew sold $1.16 million worth of stock. $1.31 million worth of stock was sold by HENRIE MICHAEL SHANE on Monday, February 26. Another trade for 21,900 shares valued at $1.92 million was sold by MAJORS MICHAEL CLAY. 5,000 shares were sold by HUTCHISON LARRY M, worth $420,961. $1.08M worth of stock was sold by SVOBODA FRANK M on Monday, March 12. COLEMAN GARY L sold $2.07M worth of stock.

More recent Torchmark Corporation (NYSE:TMK) news were published by: Globenewswire.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Accuray, Torchmark, Carlisle Companies, CVR …” on May 15, 2018. Also Streetinsider.com published the news titled: “Torchmark Corp. (TMK) Declares $.16 Quarterly Dividend; 0.7% Yield” on April 29, 2018. Streetinsider.com‘s news article titled: “Buffett’s Berkshire 13F Confirms Increase in Apple (AAPL) Stake Along with Increase in Holdings of Teva (TEVA) (More…)” with publication date: May 15, 2018 was also an interesting one.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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