Manatuck Hill Partners Decreased Park City Group (PCYG) Stake by $922,776; Shares Declined; Sprott Upped Its Franklin Res (BEN) Position by $561,000 as Stock Value Declined

June 14, 2018 - By Nellie Frank

Franklin Resources, Inc. (NYSE:BEN) Logo

Mark Broach decreased its stake in Park City Group Inc (PCYG) by 45.2% based on its latest 2018Q1 regulatory filing with the SEC. Manatuck Hill Partners Llc sold 115,347 shares as the company’s stock declined 31.86% with the market. The hedge fund run by Mark Broach held 139,844 shares of the technology company at the end of 2018Q1, valued at $1.22 million, down from 255,191 at the end of the previous reported quarter. Manatuck Hill Partners Llc who had been investing in Park City Group Inc for a number of months, seems to be less bullish one the $135.40M market cap company. The stock decreased 3.52% or $0.25 during the last trading session, reaching $6.85. About 138,848 shares traded or 134.25% up from the average. Park City Group, Inc. (NASDAQ:PCYG) has declined 38.89% since June 14, 2017 and is downtrending. It has underperformed by 51.46% the S&P500. Some Historical PCYG News: 01/05/2018 – GRMA Partners with ReposiTrak® to Integrate Audit Management into ReposiTrak’s Compliance Management System; 25/04/2018 – Kings Food Markets Adopts ReposiTrak® Scan-based Trading Solution; 04/04/2018 – ReposiTrak® Announces New Global Document Sharing Feature for Compliance Management; 22/03/2018 – Southeastern Mills Adopts ReposiTrak® Food Safety Compliance Management Solution; 02/04/2018 – Resonant Announces Settlement of Proxy Contest With Park City Capital; 19/04/2018 – ReposiTrak® Announces Global Expansion Through European Partnership with SerTech Exchange; 06/03/2018 – Resonant Comments on Nomination of Directors From Park City Capital LLC; 28/03/2018 – QCS Purchasing Endorses ReposiTrak® and Its Food Safety Compliance Management Solution; 06/03/2018 Park City Capital Announces Director Nominees for Proxy Contest at Resonant Inc; 06/03/2018 – Resonant: Unfortunate That Park City Is Launching a Proxy Contest at This Time

Eric Sprott increased its stake in Franklin Res Inc (BEN) by 5.92% based on its latest 2018Q1 regulatory filing with the SEC. Sprott Inc bought 16,500 shares as the company’s stock declined 7.18% with the market. The hedge fund run by Eric Sprott held 295,000 shares of the finance company at the end of 2018Q1, valued at $10.23M, up from 278,500 at the end of the previous reported quarter. Sprott Inc who had been investing in Franklin Res Inc for a number of months, seems to be bullish on the $17.93B market cap company. The stock decreased 0.46% or $0.15 during the last trading session, reaching $33.2. About 2.77 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 11.32% since June 14, 2017 and is downtrending. It has underperformed by 23.89% the S&P500. Some Historical BEN News: 16/05/2018 – S&P REVISES FRANKLIN RESOURCES INC. OUTLOOK TO ‘STABLE’ FROM ‘NEGATIVE’; RATING ‘A+’; 12/03/2018 – Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution; 16/05/2018 – MEDIA-Franklin Templeton buys $2.25 bln in Argentine bonds – FT; 16/03/2018 – FRANKLIN TEMPLETON SOLD ABOUT 1.2 TRLN WON OF KTBS ON THURSDAY, FRIDAY COMBINED; 07/03/2018 – MOVES- Stanhope, Franklin Templeton, SocGen; 02/05/2018 – Franklin Templeton – European Growth Adds Atea, Cuts Roche; 30/05/2018 – Report: Exploring Fundamental Drivers Behind The Ensign Group, Franklin Resources, Scholastic, Omega Healthcare Investors, Grea; 15/03/2018 – Franklin Universal Trust Declares Monthly Distribution; 14/03/2018 – Templeton Emerging Markets Income Fund (“TEI”) Announces Distribution; 15/05/2018 – Franklin Templeton Sees Aussie Yield Discount Tripling on Rates

Sprott Inc, which manages about $3.27 billion and $482.66 million US Long portfolio, decreased its stake in Buckle Inc (NYSE:BKE) by 23,500 shares to 296,500 shares, valued at $6.57M in 2018Q1, according to the filing. It also reduced its holding in Western Digital Corp (NASDAQ:WDC) by 18,500 shares in the quarter, leaving it with 130,000 shares, and cut its stake in Franco Nevada Corp (NYSE:FNV).

More recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Seekingalpha.com which released: “Trading Mistake 10 – Keep It Simple, Stupid” on June 12, 2018. Also Globenewswire.com published the news titled: “Franklin Resources, Inc. Announces Month-End Assets Under Management” on June 11, 2018. Globenewswire.com‘s news article titled: “Franklin Templeton Lists Three New Fixed Income Active ETFs” with publication date: June 04, 2018 was also an interesting one.

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 have Buy rating, 4 Sell and 12 Hold. Therefore 0 are positive. Franklin Resources Inc. had 96 analyst reports since July 31, 2015 according to SRatingsIntel. UBS maintained Franklin Resources, Inc. (NYSE:BEN) rating on Friday, October 27. UBS has “Neutral” rating and $48 target. On Friday, September 9 the stock rating was maintained by Deutsche Bank with “Hold”. Barclays Capital maintained the shares of BEN in report on Wednesday, March 9 with “Underweight” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, October 7. As per Tuesday, August 9, the company rating was maintained by Barclays Capital. Keefe Bruyette & Woods maintained Franklin Resources, Inc. (NYSE:BEN) rating on Friday, September 1. Keefe Bruyette & Woods has “Hold” rating and $44.0 target. Barclays Capital downgraded it to “Underweight” rating and $36 target in Tuesday, December 8 report. The firm has “Neutral” rating given on Wednesday, November 9 by Bank of America. As per Wednesday, June 28, the company rating was maintained by Jefferies. The company was maintained on Thursday, April 5 by Credit Suisse.

Investors sentiment decreased to 0.82 in 2018 Q1. Its down 0.03, from 0.85 in 2017Q4. It fall, as 56 investors sold BEN shares while 176 reduced holdings. 52 funds opened positions while 139 raised stakes. 244.47 million shares or 1.22% less from 247.49 million shares in 2017Q4 were reported. Omers Administration has 82,100 shares for 0.03% of their portfolio. Baldwin Brothers Incorporated Ma reported 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Welch Forbes Ltd Liability Co stated it has 269,632 shares or 0.24% of all its holdings. Jane Street Ltd holds 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 55,082 shares. Holt Capital Ltd Limited Liability Company Dba Holt Capital Prtn LP holds 0.3% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 28,275 shares. Livforsakringsbolaget Skandia Omsesidigt owns 0.02% invested in Franklin Resources, Inc. (NYSE:BEN) for 5,063 shares. Insight 2811 reported 0.4% in Franklin Resources, Inc. (NYSE:BEN). Twin Tree Mngmt LP reported 9,997 shares. Novare Mgmt Llc has 96,241 shares. Contrarius Mngmt Limited reported 0.94% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Kbc Nv holds 40,982 shares. Destination Wealth Mngmt holds 504 shares. Everett Harris And Ca has 6,951 shares for 0.01% of their portfolio. Edgestream Prtn Lp has invested 0.52% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). California State Teachers Retirement System has invested 0.04% in Franklin Resources, Inc. (NYSE:BEN).

Analysts await Park City Group, Inc. (NASDAQ:PCYG) to report earnings on September, 12. They expect $0.05 EPS, up 66.67% or $0.02 from last year’s $0.03 per share. PCYG’s profit will be $988,336 for 34.25 P/E if the $0.05 EPS becomes a reality. After $0.02 actual EPS reported by Park City Group, Inc. for the previous quarter, Wall Street now forecasts 150.00% EPS growth.

Since May 24, 2018, it had 6 insider purchases, and 0 insider sales for $118,226 activity. HODGE RONALD C had bought 5,000 shares worth $36,500 on Thursday, May 24. Noll Austin F. Jr. had bought 2,500 shares worth $18,450. Kies William S. bought 700 shares worth $5,201. Juliano Richard also bought $11,235 worth of Park City Group, Inc. (NASDAQ:PCYG) on Thursday, May 24. FIELDS RANDALL K also bought $31,960 worth of Park City Group, Inc. (NASDAQ:PCYG) on Friday, May 25.

Manatuck Hill Partners Llc, which manages about $1.24 billion and $189.04 million US Long portfolio, upped its stake in Techtarget Inc (NASDAQ:TTGT) by 141,100 shares to 161,100 shares, valued at $3.20 million in 2018Q1, according to the filing. It also increased its holding in Ultralife Corp (NASDAQ:ULBI) by 55,201 shares in the quarter, for a total of 130,801 shares, and has risen its stake in Bank Amer Corp (NYSE:BAC).

More news for Park City Group, Inc. (NASDAQ:PCYG) were recently published by: Benzinga.com, which released: “33 Stocks Moving In Friday’s Mid-Day Session” on May 25, 2018. Businesswire.com‘s article titled: “Park City Group to Present at 8th Annual LD Micro Invitational Conference on June 5, 2018” and published on June 04, 2018 is yet another important article.

Franklin Resources, Inc. (NYSE:BEN) Institutional Positions Chart

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