As Old Dominion Freig (ODFL) Valuation Declined, Holder C M Bidwell & Associates LTD Boosted Holding; Amazon Com (AMZN) Market Value Rose While Meritage Group LP Increased Its Position

January 14, 2018 - By Kurt Siggers

C M Bidwell & Associates Ltd increased its stake in Old Dominion Freig (ODFL) by 4090.91% based on its latest 2017Q3 regulatory filing with the SEC. C M Bidwell & Associates Ltd bought 3,600 shares as the company’s stock declined 6.90% while stock markets rallied. The institutional investor held 3,688 shares of the transportation company at the end of 2017Q3, valued at $406,000, up from 88 at the end of the previous reported quarter. C M Bidwell & Associates Ltd who had been investing in Old Dominion Freig for a number of months, seems to be bullish on the $11.75 billion market cap company. The stock increased 1.26% or $1.78 during the last trading session, reaching $142.58. About 369,392 shares traded. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has risen 37.85% since January 14, 2017 and is uptrending. It has outperformed by 21.15% the S&P500.

Meritage Group Lp increased its stake in Amazon Com Inc (AMZN) by 29.99% based on its latest 2017Q3 regulatory filing with the SEC. Meritage Group Lp bought 72,293 shares as the company’s stock rose 13.58% with the market. The hedge fund held 313,373 shares of the consumer services company at the end of 2017Q3, valued at $301.26 million, up from 241,080 at the end of the previous reported quarter. Meritage Group Lp who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $628.94B market cap company. The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 5.44M shares traded or 53.23% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 14, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

C M Bidwell & Associates Ltd, which manages about $447.15 million and $65.08M US Long portfolio, decreased its stake in Align Tech Inc (NASDAQ:ALGN) by 17,745 shares to 4,430 shares, valued at $825,000 in 2017Q3, according to the filing. It also reduced its holding in Waters Corporation (NYSE:WAT) by 48,265 shares in the quarter, leaving it with 2,085 shares, and cut its stake in Marvell Technology (NASDAQ:MRVL).

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.07, from 1.07 in 2017Q2. It is positive, as 14 investors sold ODFL shares while 110 reduced holdings. 54 funds opened positions while 87 raised stakes. 57.59 million shares or 0.02% less from 57.60 million shares in 2017Q2 were reported. Ls Invest Advisors Lc holds 0.04% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 6,339 shares. Jefferies Grp Ltd Liability owns 17,394 shares or 0.01% of their US portfolio. Delta Capital Mngmt Ltd Co reported 4,235 shares stake. Laurion Capital Mngmt Limited Partnership holds 0% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 8,422 shares. Dimensional Fund Limited Partnership owns 671,186 shares for 0.03% of their portfolio. Ameritas Invest has 33,124 shares for 0.16% of their portfolio. Virginia Retirement Et Al holds 30,800 shares. Castleark Mngmt Ltd Liability Corp holds 0.2% or 56,580 shares. Gemmer Asset Management Ltd Limited Liability Company stated it has 66 shares. Northern owns 0.02% invested in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 563,478 shares. Invesco Ltd holds 1.18M shares or 0.05% of its portfolio. Pinnacle invested in 1,995 shares or 0% of the stock. Washington-based Cornerstone Advsrs Inc has invested 0.03% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Alps Advisors Incorporated stated it has 4,619 shares. Aperio Group Inc Ltd Liability accumulated 25,046 shares or 0.02% of the stock.

Among 13 analysts covering Old Dominion Freight Line (NASDAQ:ODFL), 5 have Buy rating, 2 Sell and 6 Hold. Therefore 38% are positive. Old Dominion Freight Line had 39 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, October 5. As per Wednesday, December 6, the company rating was maintained by Credit Suisse. The company was maintained on Thursday, October 26 by Cowen & Co. On Wednesday, September 23 the stock rating was maintained by RBC Capital Markets with “Outperform”. KeyBanc Capital Markets maintained it with “Buy” rating and $138.0 target in Tuesday, December 5 report. The firm earned “Buy” rating on Wednesday, December 13 by Stifel Nicolaus. The company was downgraded on Thursday, January 7 by RBC Capital Markets. On Friday, July 31 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was downgraded by Bank of America on Friday, October 28 to “Underperform”. The company was downgraded on Wednesday, October 7 by Citigroup.

Since August 15, 2017, it had 0 insider purchases, and 1 insider sale for $56,252 activity.

Since August 3, 2017, it had 0 insider purchases, and 9 selling transactions for $16.47 million activity. 2,334 shares were sold by Zapolsky David, worth $2.30M on Tuesday, August 15. Shares for $2.31M were sold by Olsavsky Brian T on Tuesday, August 15. $1.96M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Jassy Andrew R. Another trade for 544 shares valued at $536,666 was sold by Reynolds Shelley. On Tuesday, August 15 the insider Blackburn Jeffrey M sold $2.05 million.

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