As Meritor (MTOR) Market Value Rose, Paradigm Capital Management Has Decreased Its Holding; New York State Teachers Retirement System Has Increased Its Devon Energy New (DVN) Stake by $928,800 as Stock Value Declined

December 29, 2017 - By Marie Mckinney

New York State Teachers Retirement System increased its stake in Devon Energy Corp New (DVN) by 3.02% based on its latest 2017Q3 regulatory filing with the SEC. New York State Teachers Retirement System bought 25,800 shares as the company’s stock declined 13.09% while stock markets rallied. The institutional investor held 880,685 shares of the oil & gas production company at the end of 2017Q3, valued at $32.33 million, up from 854,885 at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Devon Energy Corp New for a number of months, seems to be bullish on the $21.85 billion market cap company. The stock decreased 0.43% or $0.18 during the last trading session, reaching $41.58. About 1.03M shares traded. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since December 29, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Paradigm Capital Management Inc decreased its stake in Meritor Inc (MTOR) by 63.32% based on its latest 2017Q3 regulatory filing with the SEC. Paradigm Capital Management Inc sold 264,500 shares as the company’s stock rose 2.16% with the market. The institutional investor held 153,200 shares of the capital goods company at the end of 2017Q3, valued at $3.99M, down from 417,700 at the end of the previous reported quarter. Paradigm Capital Management Inc who had been investing in Meritor Inc for a number of months, seems to be less bullish one the $2.11 billion market cap company. The stock increased 0.04% or $0.01 during the last trading session, reaching $23.78. About 101,924 shares traded. Meritor, Inc. (NYSE:MTOR) has risen 104.71% since December 29, 2016 and is uptrending. It has outperformed by 88.01% the S&P500.

Analysts await Meritor, Inc. (NYSE:MTOR) to report earnings on February, 7. They expect $0.47 earnings per share, up 88.00% or $0.22 from last year’s $0.25 per share. MTOR’s profit will be $41.64 million for 12.65 P/E if the $0.47 EPS becomes a reality. After $0.62 actual earnings per share reported by Meritor, Inc. for the previous quarter, Wall Street now forecasts -24.19% negative EPS growth.

Investors sentiment increased to 1.78 in 2017 Q3. Its up 0.66, from 1.12 in 2017Q2. It improved, as 14 investors sold MTOR shares while 53 reduced holdings. 65 funds opened positions while 54 raised stakes. 83.56 million shares or 2.18% more from 81.78 million shares in 2017Q2 were reported. Quantbot Techs Lp stated it has 0.06% in Meritor, Inc. (NYSE:MTOR). Moreover, Hsbc Public Ltd Co has 0% invested in Meritor, Inc. (NYSE:MTOR). Kennedy Cap accumulated 447,983 shares or 0.21% of the stock. Bnp Paribas Arbitrage has 0.02% invested in Meritor, Inc. (NYSE:MTOR). Prudential Financial Incorporated reported 0% of its portfolio in Meritor, Inc. (NYSE:MTOR). Pillar Pacific Capital Mgmt Ltd stated it has 0.06% of its portfolio in Meritor, Inc. (NYSE:MTOR). California-based Hennessy Advsrs has invested 0.2% in Meritor, Inc. (NYSE:MTOR). Ameritas Invest owns 7,355 shares for 0.01% of their portfolio. Hanseatic Management Serv has 187 shares for 0.01% of their portfolio. Ameriprise Fincl holds 35,989 shares or 0% of its portfolio. Renaissance Technology Ltd Liability Co accumulated 1.40M shares. Tiaa Cref Investment Llc accumulated 0% or 258,393 shares. Principal Grp Incorporated accumulated 12,821 shares or 0% of the stock. Cornerstone Cap Mgmt Limited Liability Corporation accumulated 203,539 shares or 0.04% of the stock. First Advsrs Ltd Partnership holds 97,722 shares.

Paradigm Capital Management Inc, which manages about $1.15B US Long portfolio, upped its stake in Stein Mart Inc (NASDAQ:SMRT) by 416,924 shares to 476,924 shares, valued at $620,000 in 2017Q3, according to the filing. It also increased its holding in Caleres Inc by 28,800 shares in the quarter, for a total of 939,900 shares, and has risen its stake in Tillys Inc (NYSE:TLYS).

Among 11 analysts covering Meritor (NYSE:MTOR), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. Meritor had 38 analyst reports since August 14, 2015 according to SRatingsIntel. On Sunday, September 3 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, December 15. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, November 15 report. UBS maintained Meritor, Inc. (NYSE:MTOR) on Thursday, November 12 with “Neutral” rating. The rating was downgraded by Longbow on Thursday, October 12 to “Neutral”. On Wednesday, September 20 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Meritor, Inc. (NYSE:MTOR) earned “Buy” rating by Stifel Nicolaus on Thursday, January 26. As per Monday, September 18, the company rating was maintained by Stifel Nicolaus. The stock of Meritor, Inc. (NYSE:MTOR) has “Outperform” rating given on Monday, May 15 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, July 19 with “Buy”.

Since August 8, 2017, it had 0 buys, and 3 sales for $697,739 activity. Shares for $523,009 were sold by Craig Jeffrey A on Monday, December 11. $80,617 worth of Meritor, Inc. (NYSE:MTOR) shares were sold by Speed Robert H..

Investors sentiment decreased to 1 in Q3 2017. Its down 0.08, from 1.08 in 2017Q2. It is negative, as 55 investors sold DVN shares while 230 reduced holdings. 75 funds opened positions while 209 raised stakes. 396.57 million shares or 0.97% less from 400.45 million shares in 2017Q2 were reported. 70,000 are owned by Price Michael F. Texas Permanent School Fund reported 145,687 shares stake. Sterling Lc invested in 0.01% or 33,875 shares. First Interstate Comml Bank holds 0.03% or 3,630 shares in its portfolio. Endurance Wealth Mngmt stated it has 71,614 shares. Levin Cap Strategies LP invested in 117,460 shares. Fdx Advisors Inc stated it has 0.02% of its portfolio in Devon Energy Corporation (NYSE:DVN). Southport Management Ltd Liability Company, a Wyoming-based fund reported 10,000 shares. Anchor Advisors Ltd Liability Corp stated it has 0.49% of its portfolio in Devon Energy Corporation (NYSE:DVN). Whittier has 4,946 shares for 0.01% of their portfolio. The New York-based Bluemountain Cap Management Ltd Company has invested 0.02% in Devon Energy Corporation (NYSE:DVN). Raymond James Financial Svcs Advisors stated it has 0.02% in Devon Energy Corporation (NYSE:DVN). Paloma Prtn reported 35,332 shares or 0.02% of all its holdings. Peak6 Investments Limited Partnership reported 60,559 shares stake. West Oak Cap Llc has invested 0% in Devon Energy Corporation (NYSE:DVN).

Among 34 analysts covering Devon Energy Corporation (NYSE:DVN), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Devon Energy Corporation had 105 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Societe Generale given on Thursday, February 16. The firm earned “Buy” rating on Sunday, August 27 by BMO Capital Markets. The firm earned “Overweight” rating on Friday, February 19 by Barclays Capital. The firm earned “Overweight” rating on Thursday, September 1 by Barclays Capital. The firm has “Outperform” rating given on Thursday, October 1 by Bernstein. The rating was downgraded by Seaport Global to “Neutral” on Wednesday, June 21. The rating was downgraded by Bernstein to “Market Perform” on Thursday, July 6. The firm earned “Buy” rating on Thursday, March 23 by BMO Capital Markets. The firm has “Peer Perform” rating by Wolfe Research given on Friday, February 19. Stifel Nicolaus maintained Devon Energy Corporation (NYSE:DVN) rating on Thursday, October 5. Stifel Nicolaus has “Buy” rating and $66.0 target.