Fort LP Position in Kla (KLAC) Has Upped by $4.97 Million; Redwood Investments Has Lowered Its Stamps.Com (STMP) Stake by $6.08 Million as Market Value Declined

February 19, 2018 - By Michael Collier

Redwood Investments Llc decreased its stake in Stamps.Com Inc. (STMP) by 38.64% based on its latest 2017Q3 regulatory filing with the SEC. Redwood Investments Llc sold 30,122 shares as the company’s stock declined 8.10% while stock markets rallied. The institutional investor held 47,827 shares of the business services company at the end of 2017Q3, valued at $9.69 million, down from 77,949 at the end of the previous reported quarter. Redwood Investments Llc who had been investing in Stamps.Com Inc. for a number of months, seems to be less bullish one the $3.26B market cap company. The stock decreased 0.53% or $1 during the last trading session, reaching $186.65. About 310,785 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 54.88% since February 19, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

Michael Novogratz increased its stake in Kla (KLAC) by 303.17% based on its latest 2017Q3 regulatory filing with the SEC. Fort Lp bought 47,312 shares as the company’s stock rose 15.06% with the market. The hedge fund run by Michael Novogratz held 62,918 shares of the electronic components company at the end of 2017Q3, valued at $6.67M, up from 15,606 at the end of the previous reported quarter. Fort Lp who had been investing in Kla for a number of months, seems to be bullish on the $16.84B market cap company. The stock decreased 1.24% or $1.35 during the last trading session, reaching $107.52. About 1.81M shares traded or 15.59% up from the average. KLA-Tencor Corporation (NASDAQ:KLAC) has risen 49.94% since February 19, 2017 and is uptrending. It has outperformed by 33.24% the S&P500.

Among 19 analysts covering KLA-Tencor Corporation (NASDAQ:KLAC), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. KLA-Tencor Corporation had 58 analyst reports since July 28, 2015 according to SRatingsIntel. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Monday, December 18 report. Needham maintained KLA-Tencor Corporation (NASDAQ:KLAC) on Thursday, October 19 with “Buy” rating. The firm has “Neutral” rating by UBS given on Thursday, October 22. The stock of KLA-Tencor Corporation (NASDAQ:KLAC) has “Outperform” rating given on Monday, August 29 by Cowen & Co. The rating was maintained by Needham on Friday, October 9 with “Buy”. The rating was upgraded by Citigroup on Friday, October 23 to “Neutral”. On Friday, January 26 the stock rating was maintained by Needham with “Buy”. The stock of KLA-Tencor Corporation (NASDAQ:KLAC) has “Market Perform” rating given on Thursday, October 22 by Cowen & Co. The stock of KLA-Tencor Corporation (NASDAQ:KLAC) has “Outperform” rating given on Friday, September 25 by CLSA. Citigroup upgraded the stock to “Buy” rating in Thursday, February 15 report.

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.23, from 1.24 in 2017Q2. It fall, as 47 investors sold KLAC shares while 165 reduced holdings. 57 funds opened positions while 158 raised stakes. 139.45 million shares or 0.69% more from 138.49 million shares in 2017Q2 were reported. Prelude Capital Mngmt Ltd Co reported 62 shares. Natixis holds 0.11% or 116,910 shares in its portfolio. Macquarie Group invested in 8,100 shares. Shelton Capital Mgmt holds 0.1% or 12,293 shares in its portfolio. Valley Advisers, Pennsylvania-based fund reported 247 shares. 1832 Asset Management LP stated it has 46,602 shares. Amica Retiree Medical Tru holds 0.08% or 919 shares in its portfolio. Envestnet Asset Inc stated it has 0% in KLA-Tencor Corporation (NASDAQ:KLAC). First Republic Mgmt Inc owns 9,350 shares. Nj State Employees Deferred Compensation Plan invested in 15,000 shares or 0.29% of the stock. Verition Fund Management Limited Company holds 0.04% of its portfolio in KLA-Tencor Corporation (NASDAQ:KLAC) for 4,367 shares. Utd Comml Bank Inc holds 0.11% or 2,571 shares. Fjarde Ap owns 41,209 shares. Artemis Management Limited Liability Partnership accumulated 210,427 shares or 0.46% of the stock. Cibc Ww holds 0.06% or 63,084 shares in its portfolio.

Fort Lp, which manages about $349.60 million and $406.56M US Long portfolio, decreased its stake in Best Buy Inc (NYSE:BBY) by 43,474 shares to 93,293 shares, valued at $5.31M in 2017Q3, according to the filing. It also reduced its holding in Block H & R Inc (NYSE:HRB) by 346,908 shares in the quarter, leaving it with 524,855 shares, and cut its stake in Robert Half Intl Inc (NYSE:RHI).

Since August 21, 2017, it had 0 insider buys, and 15 sales for $4.29 million activity. 2,975 shares were sold by Khan Ahmad A., worth $296,637 on Friday, February 9. $462,977 worth of KLA-Tencor Corporation (NASDAQ:KLAC) was sold by Bell Bobby R. Kirloskar Virendra A sold $95,605 worth of stock or 1,020 shares. Lorig Brian sold $275,529 worth of stock. Shares for $239,855 were sold by Higgins Bren D. on Wednesday, September 6. Another trade for 1,775 shares valued at $213,000 was sold by Higashi Emiko.

Redwood Investments Llc, which manages about $756.78M and $877.14M US Long portfolio, upped its stake in Oshkosh Corp (NYSE:OSK) by 29,276 shares to 151,788 shares, valued at $12.53M in 2017Q3, according to the filing. It also increased its holding in Nutrisystem Inc. (NASDAQ:NTRI) by 23,774 shares in the quarter, for a total of 140,345 shares, and has risen its stake in Insperity Inc. (NYSE:NSP).

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on February, 22. They expect $2.14 EPS, down 13.71% or $0.34 from last year’s $2.48 per share. STMP’s profit will be $37.40 million for 21.80 P/E if the $2.14 EPS becomes a reality. After $2.57 actual EPS reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts -16.73% negative EPS growth.

Since August 24, 2017, it had 0 insider buys, and 23 insider sales for $101.82 million activity. $5.45 million worth of stock was sold by MILLER LLOYD I III on Wednesday, August 30. MCBRIDE KENNETH THOMAS sold $1.48 million worth of stock or 8,115 shares. $7.89M worth of Stamps.com Inc. (NASDAQ:STMP) was sold by Biswas Michael John on Wednesday, September 20. 10,000 Stamps.com Inc. (NASDAQ:STMP) shares with value of $2.10M were sold by Clem John Roland. Buerba Sebastian sold $8.50 million worth of stock or 44,255 shares. The insider Lipson Matthew A. sold $2.24M.

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