Third Avenue Management Has Boosted By $465,576 Its Commerce Bancshares (CBSH) Holding; Silversun Tech (SSNT) Shorts Decreased By 55.56%

July 17, 2017 - By Hazel Jackson

Silversun Tech Incorporated (NASDAQ:SSNT) had a decrease of 55.56% in short interest. SSNT’s SI was 400 shares in July as released by FINRA. Its down 55.56% from 900 shares previously. With 6,200 avg volume, 0 days are for Silversun Tech Incorporated (NASDAQ:SSNT)’s short sellers to cover SSNT’s short positions. About 22,567 shares traded or 257.92% up from the average. SilverSun Technologies Inc (NASDAQ:SSNT) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Third Avenue Management Llc increased Commerce Bancshares Inc (CBSH) stake by 4.61% reported in 2016Q4 SEC filing. Third Avenue Management Llc acquired 8,168 shares as Commerce Bancshares Inc (CBSH)’s stock declined 8.46%. The Third Avenue Management Llc holds 185,306 shares with $10.71 million value, up from 177,138 last quarter. Commerce Bancshares Inc now has $5.89 billion valuation. The stock declined 0.41% or $0.24 reaching $57.97 on the news. About 209,871 shares traded. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 19.51% since July 17, 2016 and is uptrending. It has outperformed by 2.81% the S&P500.

Investors sentiment increased to 2.64 in Q4 2016. Its up 1.61, from 1.03 in 2016Q3. It is positive, as 13 investors sold CBSH shares while 63 reduced holdings. 39 funds opened positions while 162 raised stakes. 59.84 million shares or 2.34% more from 58.47 million shares in 2016Q3 were reported. Axa, France-based fund reported 26,435 shares. Washington Comml Bank holds 3,234 shares. Moreover, Gw Henssler And has 0.03% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH). State Of Tennessee Treasury Department reported 70,000 shares. Janus Mngmt accumulated 144,559 shares. Frontier Investment Mngmt holds 0.03% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 6,151 shares. Old Retail Bank In holds 0.02% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 5,090 shares. Ibm Retirement Fund, a New York-based fund reported 7,132 shares. Tocqueville Asset Mngmt LP has 4,000 shares. Nuveen Asset Mgmt Limited Liability Company stated it has 32,895 shares or 0.01% of all its holdings. Citigroup stated it has 0% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH). Bbva Compass Financial Bank has invested 0.02% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Thompson Siegel And Walmsley Limited Liability Corp has invested 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Cubist Systematic Strategies Limited Liability Company has 8,831 shares for 0.04% of their portfolio. Profund Advsr Limited Liability Co reported 14,870 shares.

Since January 23, 2017, it had 0 insider buys, and 23 selling transactions for $9.82 million activity. KEMPER JONATHAN M sold 36,979 shares worth $2.00 million. The insider Kellerhals Patricia R sold 269 shares worth $15,637. $724,350 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares were sold by KEMPER DAVID W. $108,360 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares were sold by ABERDEEN JEFFERY D. BARTH KEVIN G had sold 7,844 shares worth $464,581. Another trade for 1,874 shares valued at $109,257 was sold by Kemper John W. The insider STRANGHOENER V RAYMOND sold $327,478.

Third Avenue Management Llc decreased Anixter International Inc. (NYSE:AXE) stake by 354,273 shares to 352,400 valued at $28.56M in 2016Q4. It also reduced Apache Corp (NYSE:APA) stake by 148,019 shares and now owns 257,260 shares. White Mountains Insurance Group (NYSE:WTM) was reduced too.

Among 7 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 have Buy rating, 2 Sell and 5 Hold. Therefore 0 are positive. Commerce Bancshares had 15 analyst reports since October 15, 2015 according to SRatingsIntel. Wells Fargo initiated Commerce Bancshares, Inc. (NASDAQ:CBSH) on Friday, January 6 with “Market Perform” rating. The stock has “Hold” rating by Jefferies on Thursday, October 15. The rating was maintained by Jefferies on Friday, June 9 with “Hold”. Keefe Bruyette & Woods maintained the stock with “Sell” rating in Thursday, July 13 report. Piper Jaffray maintained Commerce Bancshares, Inc. (NASDAQ:CBSH) on Thursday, July 13 with “Hold” rating. Keefe Bruyette & Woods maintained Commerce Bancshares, Inc. (NASDAQ:CBSH) on Monday, June 12 with “Sell” rating. On Tuesday, September 20 the stock rating was downgraded by Morgan Stanley to “Underweight”. The company was initiated on Monday, July 11 by Piper Jaffray. On Friday, July 14 the stock rating was maintained by Stephens with “Hold”.

SilverSun Technologies, Inc. is a business application, technology and consulting company. The company has market cap of $17.38 million. The Firm is engaged in providing strategies and solutions to meet information, technology and business management needs. It has a 4.93 P/E ratio. The Company’s services and technologies enable clients to manage, protect and monetize their enterprise assets in the cloud.

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