Columbia Wanger Asset Management Cut Logmein (LOGM) Stake By $903,760; Blackrock Income Trust (BKT) Has 1.38 Sentiment

January 14, 2018 - By Adrian Mccoy

The stock increased 0.33% or $0.02 during the last trading session, reaching $6.07. About 110,164 shares traded. BlackRock Income Trust, Inc. (BKT) has declined 3.09% since January 14, 2017 and is downtrending. It has underperformed by 19.79% the S&P500.

Columbia Wanger Asset Management Llc decreased Logmein Inc (LOGM) stake by 7.52% reported in 2017Q3 SEC filing. Columbia Wanger Asset Management Llc sold 8,216 shares as Logmein Inc (LOGM)’s stock rose 17.94%. The Columbia Wanger Asset Management Llc holds 101,106 shares with $11.13M value, down from 109,322 last quarter. Logmein Inc now has $6.37 billion valuation. The stock increased 1.09% or $1.3 during the last trading session, reaching $121. About 223,152 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since January 14, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

Karpus Management Inc. holds 3.06% of its portfolio in BlackRock Income Trust, Inc. for 9.46 million shares. Sit Investment Associates Inc owns 8.79 million shares or 1.37% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.56% invested in the company for 1.58 million shares. The Colorado-based Icon Advisers Inc Co has invested 0.27% in the stock. Cue Financial Group Inc., a Arizona-based fund reported 38,005 shares.

Among 13 analysts covering LogMeIn (NASDAQ:LOGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. LogMeIn had 45 analyst reports since July 24, 2015 according to SRatingsIntel. On Friday, July 28 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Overweight” rating by Barclays Capital on Friday, October 27. The rating was maintained by Dougherty & Company with “Buy” on Friday, April 29. The rating was maintained by Needham on Friday, February 12 with “Strong Buy”. The firm has “Buy” rating by Northland Capital given on Thursday, July 27. The firm earned “Buy” rating on Friday, October 27 by Robert W. Baird. The rating was maintained by Barclays Capital on Wednesday, July 27 with “Underweight”. Barclays Capital upgraded the stock to “Overweight” rating in Monday, October 3 report. Needham maintained the stock with “Buy” rating in Thursday, September 21 report. As per Wednesday, July 27, the company rating was upgraded by JP Morgan.

Columbia Wanger Asset Management Llc increased Sps Commerce Inc (NASDAQ:SPSC) stake by 8,683 shares to 691,087 valued at $39.19 million in 2017Q3. It also upped Houlihan Lokey Inc stake by 482,904 shares and now owns 817,016 shares. Intercept Pharmaceuticals Inc (NASDAQ:ICPT) was raised too.

Since August 1, 2017, it had 0 insider purchases, and 7 sales for $7.92 million activity. Battles Christopher sold $84,922 worth of stock or 721 shares. $2.33 million worth of LogMeIn, Inc. (NASDAQ:LOGM) shares were sold by Simon Michael K. $336,591 worth of LogMeIn, Inc. (NASDAQ:LOGM) shares were sold by Benson Steven J.. 6,354 LogMeIn, Inc. (NASDAQ:LOGM) shares with value of $747,626 were sold by Herdiech Edward K.. Another trade for 14,640 shares valued at $1.65M was sold by Ford W. Sean. Wagner William Raymond also sold $533,581 worth of LogMeIn, Inc. (NASDAQ:LOGM) shares.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 27. They expect $0.91 EPS, up 175.76% or $0.58 from last year’s $0.33 per share. LOGM’s profit will be $47.90 million for 33.24 P/E if the $0.91 EPS becomes a reality. After $0.93 actual EPS reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -2.15% negative EPS growth.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It improved, as 33 investors sold LOGM shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported. Pub Employees Retirement System Of Ohio holds 0.06% in LogMeIn, Inc. (NASDAQ:LOGM) or 111,647 shares. Contour Asset Management Ltd Liability Com owns 3.63% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 587,920 shares. Adi Mgmt Ltd Liability has 191,987 shares for 10.43% of their portfolio. Federated Invsts Pa accumulated 0.01% or 28,692 shares. 4,803 were reported by Lpl Fincl Limited Com. American Century holds 0.13% or 1.16 million shares in its portfolio. The Pennsylvania-based Logan Capital Management has invested 0.04% in LogMeIn, Inc. (NASDAQ:LOGM). Kornitzer Cap Mgmt Inc Ks stated it has 99,807 shares. Friess Associate Limited Liability Com stated it has 1.58% in LogMeIn, Inc. (NASDAQ:LOGM). Ahl Partners Ltd Liability Partnership holds 14,076 shares or 0.03% of its portfolio. Dekabank Deutsche Girozentrale has 962 shares for 0% of their portfolio. Tortoise Mgmt Limited Liability Company accumulated 174 shares or 0.01% of the stock. Essex Investment Mngmt Com Limited Liability Corporation stated it has 16,066 shares. Columbus Circle owns 205,761 shares. First Manhattan holds 0% in LogMeIn, Inc. (NASDAQ:LOGM) or 2 shares.

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