Baring Asset Management LTD Cut Raytheon Co (RTN) Stake By $1.54 Million; Hibbett Sports, Inc. (HIBB) Covered By 3 Bullish Analysts Last Week

July 17, 2017 - By Louis Casey

Baring Asset Management Ltd decreased Raytheon Co (RTN) stake by 13.62% reported in 2016Q4 SEC filing. Baring Asset Management Ltd sold 10,849 shares as Raytheon Co (RTN)’s stock rose 4.85%. The Baring Asset Management Ltd holds 68,793 shares with $9.77M value, down from 79,642 last quarter. Raytheon Co now has $48.88 billion valuation. The stock increased 0.54% or $0.9 on July 14, reaching $167.03. About shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since July 17, 2016 and is uptrending. It has outperformed by 7.33% the S&P500.

Among 18 analysts covering Hibbett Sports (NASDAQ:HIBB), 3 have Buy rating, 3 Sell and 12 Hold. Therefore 17% are positive. Hibbett Sports had 32 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) has “Hold” rating given on Monday, March 14 by Deutsche Bank. Bank of America downgraded the stock to “Underperform” rating in Wednesday, April 6 report. Barrington Research initiated the shares of HIBB in report on Friday, October 2 with “Mkt Perform” rating. The rating was upgraded by Sidoti on Friday, July 14 to “Buy”. B. Riley & Co initiated Hibbett Sports, Inc. (NASDAQ:HIBB) rating on Friday, December 18. B. Riley & Co has “Neutral” rating and $34 target. The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) has “Hold” rating given on Monday, November 23 by Canaccord Genuity. The firm earned “Neutral” rating on Friday, April 29 by M Partners. Deutsche Bank maintained the shares of HIBB in report on Tuesday, August 25 with “Hold” rating. Suntrust Robinson maintained it with “Buy” rating and $40 target in Wednesday, November 18 report. The rating was maintained by BMO Capital Markets on Monday, August 24 with “Market Perform”. See Hibbett Sports, Inc. (NASDAQ:HIBB) latest ratings:

14/07/2017 Broker: Sidoti Rating: Buy New Target: $25.0000 Upgrade
14/02/2017 Broker: Susquehanna Old Rating: Positive New Rating: Neutral Downgrade
14/02/2017 Broker: SunTrust Old Rating: Buy New Rating: Hold Downgrade
30/01/2017 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade

Baring Asset Management Ltd increased Tal Education Grp (NYSE:XRS) stake by 121,160 shares to 268,545 valued at $18.84M in 2016Q4. It also upped Mastercard Incorp (NYSE:MA) stake by 3,999 shares and now owns 71,157 shares. Ishares Inc (EWD) was raised too.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on July, 27 before the open. They expect $1.75 EPS, 0.00% or $0.00 from last year’s $1.75 per share. RTN’s profit will be $512.12 million for 23.86 P/E if the $1.75 EPS becomes a reality. After $1.73 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 1.16% EPS growth.

Investors sentiment decreased to 1.1 in Q4 2016. Its down 0.10, from 1.2 in 2016Q3. It dropped, as 55 investors sold RTN shares while 327 reduced holdings. 88 funds opened positions while 331 raised stakes. 216.30 million shares or 1.43% less from 219.43 million shares in 2016Q3 were reported. F&V Capital Mngmt Limited Liability holds 0.17% or 1,912 shares in its portfolio. Rnc Capital Mgmt Limited Liability Com accumulated 0.05% or 4,259 shares. Riggs Asset Managment owns 331 shares. Abner Herrman & Brock Ltd Liability Corp accumulated 68,696 shares. Atalanta Sosnoff Llc reported 424,987 shares. Ameritas Prtn owns 0.05% invested in Raytheon Company (NYSE:RTN) for 7,086 shares. Rothschild Asset Management reported 0.2% in Raytheon Company (NYSE:RTN). Peak6 Invests Limited Partnership holds 0.02% of its portfolio in Raytheon Company (NYSE:RTN) for 19,364 shares. Millennium Management Limited Liability Com accumulated 700,012 shares. Pnc Financial Svcs Grp accumulated 1.08M shares or 0.18% of the stock. Artemis Inv Llp holds 0.32% or 84,003 shares. Raymond James & Assocs reported 454,021 shares stake. The Mississippi-based Trustmark Bancorporation Trust Department has invested 0.08% in Raytheon Company (NYSE:RTN). Moreover, Marketfield Asset Ltd Liability Corporation has 1.88% invested in Raytheon Company (NYSE:RTN) for 66,835 shares. Nationwide Fund Advisors has invested 0.22% in Raytheon Company (NYSE:RTN).

Since January 26, 2017, it had 0 insider buys, and 17 selling transactions for $15.25 million activity. Shares for $1.73M were sold by Kennedy Thomas A on Monday, June 5. 12,124 Raytheon Company (NYSE:RTN) shares with value of $1.84 million were sold by Lawrence Taylor W. Wood Michael J also sold $235,017 worth of Raytheon Company (NYSE:RTN) shares. O’Brien Anthony F also sold $194,170 worth of Raytheon Company (NYSE:RTN) shares. Another trade for 500 shares valued at $71,000 was sold by Jimenez Frank R. 1,010 shares were sold by Kremer Wesley D, worth $164,731 on Tuesday, May 30. RHOADS REBECCA R had sold 3,029 shares worth $493,666 on Monday, June 5.

Among 16 analysts covering Raytheon Company (NYSE:RTN), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. Raytheon Company had 37 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Friday, October 23 by Stifel Nicolaus. The firm has “Hold” rating by Deutsche Bank given on Friday, October 28. The company was maintained on Friday, October 23 by Deutsche Bank. UBS upgraded it to “Buy” rating and $118 target in Tuesday, September 29 report. The stock of Raytheon Company (NYSE:RTN) has “Sell” rating given on Monday, August 24 by Zacks. The company was maintained on Friday, June 23 by Jefferies. As per Wednesday, September 2, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained Raytheon Company (NYSE:RTN) on Tuesday, April 11 with “Buy” rating. As per Tuesday, July 28, the company rating was upgraded by Bank of America. The firm has “Top Pick” rating given on Thursday, September 17 by RBC Capital Markets.

Since March 22, 2017, it had 0 buys, and 1 insider sale for $86,549 activity. BRISKIN JARED S sold 3,040 shares worth $86,549.

The stock increased 0.50% or $0.1 on July 14, reaching $20.1. About shares traded. Hibbett Sports, Inc. (NASDAQ:HIBB) has declined 26.07% since July 17, 2016 and is downtrending. It has underperformed by 42.77% the S&P500.

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