Western Digital (WDC) Shareholder Cambridge Financial Group Decreased Its Holding by $11.75 Million; Timucuan Asset Management Has Decreased Hexcel (HXL) Holding by $27.44 Million as Stock Value Declined

January 14, 2018 - By Evgen Dobrzhanskiy

Timucuan Asset Management Inc decreased its stake in Hexcel Corporation (HXL) by 22.34% based on its latest 2017Q3 regulatory filing with the SEC. Timucuan Asset Management Inc sold 481,398 shares as the company’s stock declined 6.01% while stock markets rallied. The hedge fund held 1.67M shares of the major chemicals company at the end of 2017Q3, valued at $96.10M, down from 2.16 million at the end of the previous reported quarter. Timucuan Asset Management Inc who had been investing in Hexcel Corporation for a number of months, seems to be less bullish one the $5.80B market cap company. The stock increased 0.86% or $0.55 during the last trading session, reaching $64.6. About 448,294 shares traded. Hexcel Corporation (NYSE:HXL) has risen 15.53% since January 14, 2017 and is uptrending. It has underperformed by 1.17% the S&P500.

Cambridge Financial Group Inc decreased its stake in Western Digital Corp (WDC) by 0.18% based on its latest 2017Q3 regulatory filing with the SEC. Cambridge Financial Group Inc sold 136 shares as the company’s stock rose 15.69% with the market. The institutional investor held 76,048 shares of the electronic components company at the end of 2017Q3, valued at $6.57B, down from 76,184 at the end of the previous reported quarter. Cambridge Financial Group Inc who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $24.59 billion market cap company. The stock increased 1.06% or $0.87 during the last trading session, reaching $83.12. About 2.99 million shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since January 14, 2017 and is uptrending. It has outperformed by 109.15% the S&P500.

Investors sentiment is 1.12 in Q3 2017. Its the same as in 2017Q2. It has no change, as 65 investors sold WDC shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported. Hanson Mcclain holds 0% or 569 shares. Ameritas Investment Partners Inc has 0.05% invested in Western Digital Corporation (NASDAQ:WDC). Guyasuta Investment Advsrs has invested 0.03% in Western Digital Corporation (NASDAQ:WDC). First Manhattan holds 0% in Western Digital Corporation (NASDAQ:WDC) or 231 shares. 117,619 are owned by Arizona State Retirement Systems. 14,514 are held by First Western Capital Management. Lpl accumulated 101,568 shares. Millennium Mgmt Limited Liability Corporation reported 906,591 shares. Centers Of America Incorporated owns 3,344 shares. Friess Associate Ltd Liability Corporation holds 0.55% or 72,761 shares. Pinebridge LP holds 3,103 shares or 0.01% of its portfolio. Bluefin Trading Limited Com reported 0.06% in Western Digital Corporation (NASDAQ:WDC). Metropolitan Life Insur Company owns 141,825 shares for 0.08% of their portfolio. Moreover, Envestnet Asset Mgmt has 0.02% invested in Western Digital Corporation (NASDAQ:WDC). Cornercap Inv Counsel reported 0.51% stake.

Cambridge Financial Group Inc, which manages about $191.23 billion US Long portfolio, upped its stake in Walgreens Boots Alliance Inc by 2,113 shares to 67,108 shares, valued at $5.18B in 2017Q3, according to the filing. It also increased its holding in Amerisourcebergen Corporation (NYSE:ABC) by 378 shares in the quarter, for a total of 66,064 shares, and has risen its stake in Archer Daniels Midland Co (NYSE:ADM).

Since August 3, 2017, it had 0 insider buys, and 10 selling transactions for $6.56 million activity. LONG MARK P sold 1,517 shares worth $122,831. Another trade for 3,670 shares valued at $302,975 was made by CORDANO MICHAEL D on Monday, August 14. BHATIA MANISH H also sold $234,190 worth of Western Digital Corporation (NASDAQ:WDC) on Thursday, August 3. DeMaria Jacqueline sold $1.21M worth of stock.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on January, 24. They expect $3.44 EPS, up 73.74% or $1.46 from last year’s $1.98 per share. WDC’s profit will be $1.02 billion for 6.04 P/E if the $3.44 EPS becomes a reality. After $3.28 actual EPS reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts 4.88% EPS growth.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 149 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Hold” rating by Deutsche Bank on Thursday, October 5. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Neutral” rating by Bank of America on Thursday, October 27. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 31 report. The company was upgraded on Thursday, October 1 by Argus Research. The firm earned “Buy” rating on Thursday, January 26 by Maxim Group. The company was maintained on Tuesday, September 5 by RBC Capital Markets. The firm has “Neutral” rating given on Monday, June 6 by Goldman Sachs. On Friday, July 28 the stock rating was maintained by Benchmark with “Buy”. The company was maintained on Monday, October 3 by RBC Capital Markets. The firm has “Market Perform” rating given on Monday, April 11 by Cowen & Co.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It worsened, as 23 investors sold HXL shares while 97 reduced holdings. 31 funds opened positions while 97 raised stakes. 80.81 million shares or 0.27% less from 81.03 million shares in 2017Q2 were reported. Price T Rowe Associate Md invested in 688,049 shares. Vanguard Gru Inc holds 0.02% in Hexcel Corporation (NYSE:HXL) or 7.05 million shares. Epoch Investment Partners has invested 0.61% in Hexcel Corporation (NYSE:HXL). Guardian Trust has invested 0.86% in Hexcel Corporation (NYSE:HXL). California State Teachers Retirement System owns 145,795 shares. 11,635 are held by Blair William Il. Moreover, Schroder Inv Mgmt Group has 0.2% invested in Hexcel Corporation (NYSE:HXL). Yorktown Management Inc holds 5,900 shares or 0.09% of its portfolio. Brown Brothers Harriman & stated it has 3,855 shares or 0% of all its holdings. Greystone Managed Invs Inc, a Saskatchewan – Canada-based fund reported 140,306 shares. Amer Century, a Missouri-based fund reported 210,782 shares. Citigroup, New York-based fund reported 29,537 shares. First Manhattan Company owns 4,100 shares. Metropolitan Life Insurance Com reported 5,391 shares. Kelly Lawrence W And Assocs Inc Ca, a California-based fund reported 294,236 shares.

Timucuan Asset Management Inc, which manages about $1.01 billion and $1.12 billion US Long portfolio, upped its stake in Tempur Sealy Intl Inc Com (NYSE:TPX) by 40,810 shares to 1.63 million shares, valued at $105.30 million in 2017Q3, according to the filing. It also increased its holding in Priceline Group Inc (NASDAQ:PCLN) by 1,324 shares in the quarter, for a total of 64,906 shares, and has risen its stake in Sally Beauty Holdings Inc (NYSE:SBH).

Analysts await Hexcel Corporation (NYSE:HXL) to report earnings on January, 24. They expect $0.69 earnings per share, up 7.81% or $0.05 from last year’s $0.64 per share. HXL’s profit will be $61.98M for 23.41 P/E if the $0.69 EPS becomes a reality. After $0.71 actual earnings per share reported by Hexcel Corporation for the previous quarter, Wall Street now forecasts -2.82% negative EPS growth.

Since October 23, 2017, it had 0 insider buys, and 5 sales for $5.03 million activity. Hendricks Kimberly A. had sold 2,608 shares worth $165,222.

Among 15 analysts covering Hexcel (NYSE:HXL), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Hexcel had 38 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Tuesday, July 25 by Jefferies. RBC Capital Markets maintained the shares of HXL in report on Wednesday, October 21 with “Outperform” rating. As per Friday, September 29, the company rating was maintained by Jefferies. The rating was maintained by Credit Suisse with “Hold” on Wednesday, December 13. The rating was downgraded by Goldman Sachs on Monday, January 4 to “Neutral”. Jefferies maintained the shares of HXL in report on Friday, July 7 with “Hold” rating. On Wednesday, October 21 the stock rating was maintained by Deutsche Bank with “Buy”. BB&T Capital initiated it with “Buy” rating and $60 target in Thursday, December 10 report. Cowen & Co maintained the shares of HXL in report on Tuesday, September 12 with “Buy” rating. Canaccord Genuity maintained it with “Hold” rating and $48.0 target in Monday, January 25 report.

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