As Snap On (SNA) Stock Value Declined, Eventide Asset Management Has Boosted Its Holding by $521,500; Icahn Enterprises LP (IEP) Holder Mad River Investors Decreased Its Holding by $1.96 Million

January 17, 2018 - By Marguerite Chambers

Mad River Investors decreased its stake in Icahn Enterprises Lp (IEP) by 33.36% based on its latest 2017Q3 regulatory filing with the SEC. Mad River Investors sold 36,380 shares as the company’s stock declined 12.27% while stock markets rallied. The hedge fund held 72,672 shares of the integrated oil company at the end of 2017Q3, valued at $3.99M, down from 109,052 at the end of the previous reported quarter. Mad River Investors who had been investing in Icahn Enterprises Lp for a number of months, seems to be less bullish one the $9.47 billion market cap company. The stock increased 0.25% or $0.14 during the last trading session, reaching $56.01. About 62,501 shares traded. Icahn Enterprises L.P. (NASDAQ:IEP) has declined 7.69% since January 17, 2017 and is downtrending. It has underperformed by 24.39% the S&P500.

Eventide Asset Management Llc increased its stake in Snap On Inc (SNA) by 2.19% based on its latest 2017Q3 regulatory filing with the SEC. Eventide Asset Management Llc bought 3,500 shares as the company’s stock declined 3.98% while stock markets rallied. The institutional investor held 163,500 shares of the industrial machinery and components company at the end of 2017Q3, valued at $24.36M, up from 160,000 at the end of the previous reported quarter. Eventide Asset Management Llc who had been investing in Snap On Inc for a number of months, seems to be bullish on the $10.34B market cap company. The stock increased 0.42% or $0.76 during the last trading session, reaching $181.43. About 328,468 shares traded. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since January 17, 2017 and is uptrending. It has underperformed by 14.23% the S&P500.

Eventide Asset Management Llc, which manages about $1.15B and $1.76B US Long portfolio, decreased its stake in Masonite Intl Corp New (NYSE:DOOR) by 125,000 shares to 225,000 shares, valued at $15.57 million in 2017Q3, according to the filing. It also reduced its holding in Cyberark Software Ltd (NASDAQ:CYBR) by 208,000 shares in the quarter, leaving it with 342,000 shares, and cut its stake in Supernus Pharmaceuticals Inc (NASDAQ:SUPN).

Among 9 analysts covering Snap-on (NYSE:SNA), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Snap-on had 26 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Friday, July 21 with “Buy”. The stock of Snap-on Incorporated (NYSE:SNA) earned “Buy” rating by Longbow on Monday, October 5. Barrington upgraded Snap-on Incorporated (NYSE:SNA) on Monday, October 23 to “Buy” rating. The rating was maintained by Jefferies with “Hold” on Thursday, July 6. The stock has “Buy” rating by Oppenheimer on Tuesday, May 30. The company was initiated on Tuesday, October 20 by Jefferies. Jefferies maintained Snap-on Incorporated (NYSE:SNA) rating on Tuesday, August 15. Jefferies has “Hold” rating and $175.0 target. Robert W. Baird maintained the shares of SNA in report on Tuesday, August 1 with “Buy” rating. The stock has “Buy” rating by Oppenheimer on Sunday, June 11. Robert W. Baird maintained Snap-on Incorporated (NYSE:SNA) on Thursday, October 5 with “Buy” rating.

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.07, from 1.16 in 2017Q2. It increased, as 53 investors sold SNA shares while 154 reduced holdings. 58 funds opened positions while 196 raised stakes. 54.39 million shares or 4.11% more from 52.24 million shares in 2017Q2 were reported. Crestpoint Capital Mgmt Ltd Llc has 0.26% invested in Snap-on Incorporated (NYSE:SNA). Park Oh has 0.06% invested in Snap-on Incorporated (NYSE:SNA). Icon Advisers owns 20,600 shares. Koch Indus owns 5,885 shares. Bailard reported 0.3% of its portfolio in Snap-on Incorporated (NYSE:SNA). Pensionfund Dsm Netherlands reported 0.36% of its portfolio in Snap-on Incorporated (NYSE:SNA). Moreover, Everett Harris Ca has 0.03% invested in Snap-on Incorporated (NYSE:SNA) for 6,000 shares. Advisory Rech has invested 0.23% of its portfolio in Snap-on Incorporated (NYSE:SNA). Mitsubishi Ufj & Banking Corp reported 116,920 shares stake. Waddell And Reed Finance holds 63,300 shares or 0.02% of its portfolio. 134,765 are owned by Ngam Advsrs L P. Bluecrest Capital Management accumulated 0.02% or 3,198 shares. Wade G W & Inc has 0.05% invested in Snap-on Incorporated (NYSE:SNA). Goldman Sachs Gru has 489,435 shares for 0.02% of their portfolio. Lsv Asset Management stated it has 0.02% in Snap-on Incorporated (NYSE:SNA).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: