Timpani Capital Management Decreased Holding in Advanced Energy Industries In (AEIS) as Market Valuation Rose; Credit Suisse Ag Raised Its Position in Dril (DRQ) as Market Value Declined

January 14, 2018 - By Migdalia James

Timpani Capital Management Llc decreased its stake in Advanced Energy Industries In (AEIS) by 18.59% based on its latest 2017Q3 regulatory filing with the SEC. Timpani Capital Management Llc sold 7,873 shares as the company’s stock rose 23.75% with the market. The institutional investor held 34,483 shares of the capital goods company at the end of 2017Q3, valued at $2.79M, down from 42,356 at the end of the previous reported quarter. Timpani Capital Management Llc who had been investing in Advanced Energy Industries In for a number of months, seems to be less bullish one the $2.83B market cap company. The stock increased 0.88% or $0.62 during the last trading session, reaching $71.23. About 459,138 shares traded. Advanced Energy Industries, Inc. (NASDAQ:AEIS) has risen 125.79% since January 14, 2017 and is uptrending. It has outperformed by 109.09% the S&P500.

Credit Suisse Ag increased its stake in Dril (DRQ) by 51.08% based on its latest 2017Q3 regulatory filing with the SEC. Credit Suisse Ag bought 20,086 shares as the company’s stock declined 15.20% while stock markets rallied. The institutional investor held 59,409 shares of the energy company at the end of 2017Q3, valued at $2.62M, up from 39,323 at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Dril for a number of months, seems to be bullish on the $2.13 billion market cap company. The stock increased 1.26% or $0.7 during the last trading session, reaching $56.35. About 478,699 shares traded. Dril-Quip, Inc. (NYSE:DRQ) has declined 8.80% since January 14, 2017 and is downtrending. It has underperformed by 25.50% the S&P500.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.19, from 0.85 in 2017Q2. It improved, as 29 investors sold DRQ shares while 68 reduced holdings. 29 funds opened positions while 72 raised stakes. 41.51 million shares or 5.94% less from 44.13 million shares in 2017Q2 were reported. City Hldg Com has 0% invested in Dril-Quip, Inc. (NYSE:DRQ). Bancorporation Of Montreal Can holds 0% of its portfolio in Dril-Quip, Inc. (NYSE:DRQ) for 23,573 shares. Reilly Fincl Advsrs Limited Co holds 185 shares. Suntrust Banks has 0% invested in Dril-Quip, Inc. (NYSE:DRQ). 12,808 are owned by Meeder Asset Management. Proshare Advisors Ltd Liability owns 8,096 shares. Pnc Gp owns 817 shares. Tocqueville Asset Mngmt LP has invested 0.05% in Dril-Quip, Inc. (NYSE:DRQ). Brandywine Global Invest Management Limited Co invested in 0.03% or 113,879 shares. Great West Life Assurance Com Can stated it has 22,746 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 1,648 shares. State Farm Mutual Automobile Ins accumulated 92,100 shares or 0.01% of the stock. Contravisory Inv Mgmt Incorporated accumulated 32 shares. 366,545 are held by Boston. Blackrock Incorporated stated it has 4.10M shares or 0.01% of all its holdings.

Since October 2, 2017, it had 0 insider purchases, and 8 selling transactions for $1.74 million activity. 14,819 shares were sold by DeBerry Blake T., worth $614,840. On Monday, October 2 the insider Gariepy James A. sold $86,980. Another trade for 2,000 shares valued at $86,980 was made by Webster James C. on Monday, October 2. $80,117 worth of stock was sold by Bird Jeffrey J. on Saturday, October 28.

Credit Suisse Ag, which manages about $41.97 billion and $102.84 billion US Long portfolio, decreased its stake in Taubman Ctrs Inc (NYSE:TCO) by 1.46 million shares to 791,823 shares, valued at $39.35M in 2017Q3, according to the filing. It also reduced its holding in Bankunited Inc (NYSE:BKU) by 130,587 shares in the quarter, leaving it with 213,470 shares, and cut its stake in Bright Horizons Fam Sol In D (NYSE:BFAM).

Among 14 analysts covering Dril Quip (NYSE:DRQ), 2 have Buy rating, 0 Sell and 12 Hold. Therefore 14% are positive. Dril Quip had 38 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Market Perform” on Friday, July 31. On Thursday, October 19 the stock rating was maintained by Piper Jaffray with “Hold”. Barclays Capital downgraded Dril-Quip, Inc. (NYSE:DRQ) on Monday, May 1 to “Equal Weight” rating. The firm has “Hold” rating given on Thursday, January 11 by Cowen & Co. Cowen & Co maintained Dril-Quip, Inc. (NYSE:DRQ) rating on Wednesday, April 27. Cowen & Co has “Market Perform” rating and $60 target. The rating was upgraded by Guggenheim to “Buy” on Monday, November 30. JP Morgan initiated it with “Neutral” rating and $53 target in Wednesday, June 22 report. As per Wednesday, February 24, the company rating was downgraded by Suntrust Robinson. The firm earned “Sector Perform” rating on Thursday, October 27 by Howard Weil. As per Friday, July 7, the company rating was maintained by Cowen & Co.

Timpani Capital Management Llc, which manages about $202.98 million and $274.08 million US Long portfolio, upped its stake in Realpage Inc (NASDAQ:RP) by 18,067 shares to 131,523 shares, valued at $5.25 million in 2017Q3, according to the filing. It also increased its holding in Orbotech Ltd (NASDAQ:ORBK) by 39,644 shares in the quarter, for a total of 64,840 shares, and has risen its stake in Pra Health Sciences Inc.

Since September 11, 2017, it had 0 insider purchases, and 5 selling transactions for $5.69 million activity. $718,585 worth of Advanced Energy Industries, Inc. (NASDAQ:AEIS) was sold by BEARD GRANT H on Friday, December 8. The insider Liguori Thomas sold $1.18 million.

Analysts await Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report earnings on January, 29. They expect $1.09 EPS, up 7.92% or $0.08 from last year’s $1.01 per share. AEIS’s profit will be $43.23 million for 16.34 P/E if the $1.09 EPS becomes a reality. After $1.09 actual EPS reported by Advanced Energy Industries, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.07 in Q3 2017. Its up 0.06, from 1.01 in 2017Q2. It improved, as 27 investors sold AEIS shares while 101 reduced holdings. 50 funds opened positions while 87 raised stakes. 35.94 million shares or 2.01% less from 36.68 million shares in 2017Q2 were reported. Axa invested 0% in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Comerica Bank owns 42,310 shares. Product Prns Ltd Liability Com, New York-based fund reported 158,100 shares. Commonwealth Equity Serv owns 15,343 shares or 0.01% of their US portfolio. Metropolitan Life Co has invested 0.03% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Chesley Taft Limited Com reported 0.11% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Eaton Vance Mgmt has invested 0% in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Cim Ltd Liability Corp has 0.46% invested in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Old Mutual Investors (Uk) Ltd holds 290,154 shares or 0.25% of its portfolio. Profund Advsrs Ltd Liability reported 5,332 shares. Amer Group holds 0.01% or 31,489 shares in its portfolio. Nordea Investment Mngmt has invested 0.02% in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Federated Invsts Pa invested 0.04% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS). National Bank Of America Corporation De reported 0.02% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Hbk Invests Ltd Partnership has 0.03% invested in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 44,996 shares.

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