Glacier Peak Capital Has Lowered Position in Kratos Defense & Security (KTOS) as Stock Rose; Ancient Art LP Has Lifted Fossil Group (FOSL) Stake by $3.04 Million as Share Value Declined

January 13, 2018 - By Ellis Scott

Quincy Lee increased its stake in Fossil Group Inc (FOSL) by 27.47% based on its latest 2017Q3 regulatory filing with the SEC. Ancient Art Lp bought 337,502 shares as the company’s stock declined 40.42% while stock markets rallied. The hedge fund run by Quincy Lee held 1.57 million shares of the consumer non-durables company at the end of 2017Q3, valued at $14.61M, up from 1.23M at the end of the previous reported quarter. Ancient Art Lp who had been investing in Fossil Group Inc for a number of months, seems to be bullish on the $455.19 million market cap company. The stock increased 6.23% or $0.55 during the last trading session, reaching $9.38. About 1.62M shares traded. Fossil Group, Inc. (NASDAQ:FOSL) has declined 54.09% since January 13, 2017 and is downtrending. It has underperformed by 70.79% the S&P500.

Glacier Peak Capital Llc decreased its stake in Kratos Defense & Security (KTOS) by 69.18% based on its latest 2017Q3 regulatory filing with the SEC. Glacier Peak Capital Llc sold 166,329 shares as the company’s stock rose 19.21% with the market. The hedge fund held 74,100 shares of the capital goods company at the end of 2017Q3, valued at $969,000, down from 240,429 at the end of the previous reported quarter. Glacier Peak Capital Llc who had been investing in Kratos Defense & Security for a number of months, seems to be less bullish one the $1.17 billion market cap company. The stock decreased 0.35% or $0.04 during the last trading session, reaching $11.33. About 766,562 shares traded. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has risen 142.79% since January 13, 2017 and is uptrending. It has outperformed by 126.09% the S&P500.

Among 17 analysts covering Fossil (NASDAQ:FOSL), 3 have Buy rating, 5 Sell and 9 Hold. Therefore 18% are positive. Fossil had 53 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, November 16. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, October 11 report. KeyBanc Capital Markets maintained it with “Overweight” rating and $15 target in Wednesday, November 8 report. Mizuho downgraded Fossil Group, Inc. (NASDAQ:FOSL) rating on Friday, February 10. Mizuho has “Underperform” rating and $19 target. Topeka Capital Markets maintained Fossil Group, Inc. (NASDAQ:FOSL) on Wednesday, May 11 with “Buy” rating. Macquarie Research downgraded the shares of FOSL in report on Wednesday, March 16 to “Underperform” rating. The stock has “Underperform” rating by Buckingham Research on Thursday, October 27. On Thursday, February 16 the stock rating was maintained by Mizuho with “Underperform”. The firm earned “Hold” rating on Thursday, July 13 by Piper Jaffray. As per Monday, November 16, the company rating was maintained by Topeka Capital Markets.

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.62, from 1.84 in 2017Q2. It turned negative, as 36 investors sold FOSL shares while 33 reduced holdings. 21 funds opened positions while 63 raised stakes. 44.08 million shares or 13.27% less from 50.82 million shares in 2017Q2 were reported. Price T Rowe Md has invested 0% in Fossil Group, Inc. (NASDAQ:FOSL). State Of Alaska Department Of Revenue accumulated 8,325 shares or 0% of the stock. Metropolitan Life Insurance Company New York reported 0% in Fossil Group, Inc. (NASDAQ:FOSL). Nationwide Fund Advisors invested in 0% or 56,621 shares. Susquehanna Gp Limited Liability Partnership invested in 0% or 132,007 shares. Principal Group accumulated 325,669 shares. Alliancebernstein Ltd Partnership accumulated 62,100 shares. State Street holds 1.13M shares. 388,165 are held by Schwab Charles Investment Management. Us Bankshares De reported 2,582 shares. The New York-based Tower Research Cap Ltd Liability Corp (Trc) has invested 0.01% in Fossil Group, Inc. (NASDAQ:FOSL). Hsbc Hldg Public Limited Com has 0% invested in Fossil Group, Inc. (NASDAQ:FOSL) for 58,145 shares. Retail Bank Of Montreal Can invested in 0% or 23,300 shares. Schroder Invest Group has 5,000 shares for 0% of their portfolio. Pnc Gp accumulated 534 shares.

Analysts await Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) to report earnings on February, 26. KTOS’s profit will be $4.13M for 70.81 P/E if the $0.04 EPS becomes a reality.

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