Advance Auto Parts (AAP) Stock Price Declined While Btim Has Trimmed by $4.22 Million Its Holding; International Business Machs (IBM) Shareholder Landscape Capital Management Boosted Stake by $2.31 Million

January 13, 2018 - By Peter Erickson

Landscape Capital Management Llc increased its stake in International Business Machs (IBM) by 1192.74% based on its latest 2017Q3 regulatory filing with the SEC. Landscape Capital Management Llc bought 15,935 shares as the company’s stock declined 15.88% while stock markets rallied. The hedge fund held 17,271 shares of the computer manufacturing company at the end of 2017Q3, valued at $2.51 million, up from 1,336 at the end of the previous reported quarter. Landscape Capital Management Llc who had been investing in International Business Machs for a number of months, seems to be bullish on the $151.03B market cap company. The stock decreased 0.65% or $1.06 during the last trading session, reaching $163.14. About 5.03 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 13, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Btim Corp decreased its stake in Advance Auto Parts Inc (AAP) by 41.15% based on its latest 2017Q3 regulatory filing with the SEC. Btim Corp sold 42,578 shares as the company’s stock declined 6.26% while stock markets rallied. The institutional investor held 60,893 shares of the other specialty stores company at the end of 2017Q3, valued at $6.04 million, down from 103,471 at the end of the previous reported quarter. Btim Corp who had been investing in Advance Auto Parts Inc for a number of months, seems to be less bullish one the $8.56B market cap company. The stock increased 2.65% or $2.99 during the last trading session, reaching $115.94. About 1.58 million shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since January 13, 2017 and is uptrending. It has underperformed by 11.18% the S&P500.

Analysts await Advance Auto Parts, Inc. (NYSE:AAP) to report earnings on February, 20. They expect $0.64 EPS, down 36.00% or $0.36 from last year’s $1 per share. AAP’s profit will be $47.27M for 45.29 P/E if the $0.64 EPS becomes a reality. After $1.43 actual EPS reported by Advance Auto Parts, Inc. for the previous quarter, Wall Street now forecasts -55.24% negative EPS growth.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It dropped, as 72 investors sold AAP shares while 112 reduced holdings. 59 funds opened positions while 125 raised stakes. 74.92 million shares or 1.99% less from 76.44 million shares in 2017Q2 were reported. Livforsakringsbolaget Skandia Omsesidigt holds 0.01% or 1,364 shares in its portfolio. Macquarie Group, Australia-based fund reported 15,954 shares. Credit Agricole S A holds 0.01% or 35,326 shares. Wells Fargo And Communications Mn has invested 0.03% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Champlain Investment Ptnrs Limited Liability Co stated it has 0.84% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Td Asset Management has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt has invested 0.03% in Advance Auto Parts, Inc. (NYSE:AAP). Fjarde Ap reported 17,872 shares. Rand Wealth Llc stated it has 10,395 shares. Whittier Tru Of Nevada, Nevada-based fund reported 238 shares. Fiduciary holds 0.01% in Advance Auto Parts, Inc. (NYSE:AAP) or 2,128 shares. Causeway Capital Limited Liability Company invested in 2.01 million shares. Steadfast Capital Management LP holds 695,518 shares or 1.07% of its portfolio. Northwestern Mutual Wealth Management Communication stated it has 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Victory Capital Management Inc owns 28,169 shares.

Among 27 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 11 Hold. Therefore 48% are positive. Advance Auto Parts Inc. had 89 analyst reports since August 5, 2015 according to SRatingsIntel. Deutsche Bank maintained Advance Auto Parts, Inc. (NYSE:AAP) on Wednesday, August 17 with “Buy” rating. As per Friday, February 12, the company rating was maintained by RBC Capital Markets. Jefferies maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Thursday, October 12. Jefferies has “Buy” rating and $130.0 target. Raymond James downgraded the stock to “Hold” rating in Wednesday, October 4 report. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Neutral” rating given on Wednesday, January 18 by Guggenheim. The firm earned “Sector Perform” rating on Thursday, July 6 by RBC Capital Markets. As per Tuesday, September 5, the company rating was maintained by Bank of America. RBC Capital Markets maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Friday, May 20. RBC Capital Markets has “Outperform” rating and $157 target. On Monday, October 2 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Buy” rating on Monday, September 18 by Argus Research.

Btim Corp, which manages about $6.42B US Long portfolio, upped its stake in Berkshire Hathaway Inc Del Cl (BRKB) by 20,380 shares to 259,392 shares, valued at $47.55 million in 2017Q3, according to the filing. It also increased its holding in The Hershey Company (NYSE:HSY) by 19,570 shares in the quarter, for a total of 318,575 shares, and has risen its stake in Sensata Technologies Holding (NYSE:ST).

Landscape Capital Management Llc, which manages about $258.27 million and $995.54 million US Long portfolio, decreased its stake in Zogenix Inc by 22,595 shares to 11,742 shares, valued at $412,000 in 2017Q3, according to the filing. It also reduced its holding in Lennar Corp by 26,264 shares in the quarter, leaving it with 158,108 shares, and cut its stake in Weight Watchers Intl Inc New (NYSE:WTW).

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