American Century Companies Position In Bb&T (BBT) Was Boosted; Bogle Investment Management LP Has Decreased Axt (AXTI) Holding by $1.49 Million

February 19, 2018 - By Michael Collier

Bogle Investment Management Lp decreased its stake in Axt Inc. (AXTI) by 52.09% based on its latest 2017Q3 regulatory filing with the SEC. Bogle Investment Management Lp sold 165,512 shares as the company’s stock declined 5.44% while stock markets rallied. The institutional investor held 152,211 shares of the semiconductors company at the end of 2017Q3, valued at $1.39M, down from 317,723 at the end of the previous reported quarter. Bogle Investment Management Lp who had been investing in Axt Inc. for a number of months, seems to be less bullish one the $322.04 million market cap company. The stock increased 0.60% or $0.05 during the last trading session, reaching $8.35. About 518,925 shares traded or 16.29% up from the average. AXT, Inc. (NASDAQ:AXTI) has risen 115.17% since February 19, 2017 and is uptrending. It has outperformed by 98.47% the S&P500.

American Century Companies Inc increased its stake in Bb&T Corp (BBT) by 12.63% based on its latest 2017Q3 regulatory filing with the SEC. American Century Companies Inc bought 910,225 shares as the company’s stock declined 11.91% while stock markets rallied. The institutional investor held 8.12M shares of the major banks company at the end of 2017Q3, valued at $381.01M, up from 7.21 million at the end of the previous reported quarter. American Century Companies Inc who had been investing in Bb&T Corp for a number of months, seems to be bullish on the $42.98 billion market cap company. The stock increased 0.24% or $0.13 during the last trading session, reaching $54.96. About 2.86M shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since February 19, 2017 and is uptrending. It has outperformed by 3.98% the S&P500.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.23, from 1.16 in 2017Q2. It worsened, as 56 investors sold BBT shares while 291 reduced holdings. 81 funds opened positions while 241 raised stakes. 500.82 million shares or 2.15% less from 511.81 million shares in 2017Q2 were reported. Cornerstone accumulated 34,000 shares or 0.18% of the stock. 1.15 million were accumulated by State Board Of Administration Of Florida Retirement System. Boston Private Wealth Limited Company, a Massachusetts-based fund reported 131,033 shares. 54,949 were accumulated by First Fincl Bank. Prudential Public Ltd Llc owns 21,060 shares. Raymond James Na holds 0.52% or 153,334 shares in its portfolio. Salem Invest Counselors holds 323,308 shares. Sumitomo Mitsui Asset Ltd invested 0.07% of its portfolio in BB&T Corporation (NYSE:BBT). Paragon Mgmt stated it has 0.1% of its portfolio in BB&T Corporation (NYSE:BBT). Aqr Cap Ltd Llc has 1.58M shares. 42,160 are owned by Laffer Invests. First Corporation In reported 1,166 shares. Colonial Trust reported 106,101 shares. Live Your Vision Lc has 412 shares for 0.01% of their portfolio. Etrade Mgmt Ltd Liability holds 0.08% of its portfolio in BB&T Corporation (NYSE:BBT) for 46,005 shares.

American Century Companies Inc, which manages about $98.84B US Long portfolio, decreased its stake in Kite Pharma Inc (NASDAQ:KITE) by 157,473 shares to 252,234 shares, valued at $45.35 million in 2017Q3, according to the filing. It also reduced its holding in Verisign Inc (NASDAQ:VRSN) by 200,224 shares in the quarter, leaving it with 620,026 shares, and cut its stake in Hanover Ins Group Inc (NYSE:THG).

Since October 20, 2017, it had 0 buys, and 11 insider sales for $14.66 million activity. Powell Cynthia B sold $486,760 worth of stock. Shares for $559,259 were sold by BANNER JENNIFER S. QUBEIN NIDO R had sold 21,025 shares worth $1.15 million. KING KELLY S sold $3.28M worth of stock. On Monday, January 22 the insider LYNN LOUIS B sold $199,181. Wilson Donta L also sold $201,929 worth of BB&T Corporation (NYSE:BBT) on Friday, October 20.

Among 30 analysts covering BB&T Corp (NYSE:BBT), 11 have Buy rating, 0 Sell and 19 Hold. Therefore 37% are positive. BB&T Corp had 97 analyst reports since July 17, 2015 according to SRatingsIntel. The stock of BB&T Corporation (NYSE:BBT) has “Hold” rating given on Thursday, June 8 by Jefferies. The company was maintained on Friday, February 2 by Morgan Stanley. BMO Capital Markets maintained the stock with “Hold” rating in Friday, May 26 report. Robert W. Baird maintained BB&T Corporation (NYSE:BBT) on Friday, August 25 with “Hold” rating. FBR Capital maintained the shares of BBT in report on Monday, April 24 with “Hold” rating. Robert W. Baird downgraded the stock to “Neutral” rating in Monday, July 11 report. The rating was maintained by Robert W. Baird on Tuesday, October 31 with “Hold”. The firm earned “Buy” rating on Thursday, October 19 by SunTrust. Robert W. Baird maintained it with “Hold” rating and $45.0 target in Friday, September 29 report. On Monday, December 18 the stock rating was maintained by BMO Capital Markets with “Hold”.

Analysts await AXT, Inc. (NASDAQ:AXTI) to report earnings on February, 28. They expect $0.08 EPS, up 33.33% or $0.02 from last year’s $0.06 per share. AXTI’s profit will be $3.09 million for 26.09 P/E if the $0.08 EPS becomes a reality. After $0.11 actual EPS reported by AXT, Inc. for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth.

Investors sentiment decreased to 1.21 in 2017 Q3. Its down 0.28, from 1.49 in 2017Q2. It dropped, as 14 investors sold AXTI shares while 25 reduced holdings. 20 funds opened positions while 27 raised stakes. 23.45 million shares or 1.37% less from 23.77 million shares in 2017Q2 were reported. Panagora Asset Mngmt reported 18,406 shares stake. 67,500 are held by Schwab Charles Mngmt Incorporated. 152,211 were accumulated by Bogle Invest Management LP De. Pnc Finance Gp holds 8,600 shares. Insight Capital & Management Incorporated holds 0.65% or 125,078 shares in its portfolio. Federated Investors Pa has 156 shares for 0% of their portfolio. Parametric Portfolio Associate Ltd Llc has invested 0% in AXT, Inc. (NASDAQ:AXTI). Barclays Plc accumulated 1,433 shares or 0% of the stock. Manufacturers Life Insurance The accumulated 29,871 shares. Rhumbline Advisers has invested 0% in AXT, Inc. (NASDAQ:AXTI). California State Teachers Retirement Systems has 59,505 shares. Millennium Limited Liability reported 44,742 shares stake. Portolan Mgmt Ltd Liability Com holds 350,004 shares or 0.38% of its portfolio. First Manhattan reported 5,000 shares stake. Peak6 Investments Limited Partnership accumulated 16,443 shares.

Among 7 analysts covering AXT Inc (NASDAQ:AXTI), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. AXT Inc had 14 analyst reports since December 9, 2015 according to SRatingsIntel. B. Riley & Co maintained the shares of AXTI in report on Thursday, October 26 with “Neutral” rating. Northland Capital maintained the stock with “Buy” rating in Wednesday, September 6 report. The firm has “Buy” rating by Needham given on Thursday, February 23. The stock has “Neutral” rating by B. Riley & Co on Friday, March 17. The rating was initiated by Dougherty & Company on Monday, February 13 with “Buy”. As per Thursday, October 26, the company rating was maintained by Needham. The firm earned “Buy” rating on Thursday, October 26 by Northland Capital. The company was upgraded on Wednesday, December 9 by B. Riley & Co. The firm has “Buy” rating given on Tuesday, May 3 by Craig Hallum. The firm has “Buy” rating by Dougherty given on Friday, June 16.

Bogle Investment Management Lp, which manages about $2.60B and $1.47 billion US Long portfolio, upped its stake in Vectrus Inc Com by 56,041 shares to 69,818 shares, valued at $2.15 million in 2017Q3, according to the filing. It also increased its holding in Petmed Express Inc Com (NASDAQ:PETS) by 143,341 shares in the quarter, for a total of 364,625 shares, and has risen its stake in Grand Canyon Ed Inc Com (NASDAQ:LOPE).

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