Leucadia Natl (LUK) Shareholder Pecaut & Company Has Cut Its Holding by $2.60 Million as Stock Value Declined; Watsco (WSO) Shareholder Artemis Investment Management Llp Trimmed Stake by $2.70 Million as Market Value Declined

February 17, 2018 - By Hazel Jackson

Artemis Investment Management Llp decreased its stake in Watsco Inc (WSO) by 29.85% based on its latest 2017Q3 regulatory filing with the SEC. Artemis Investment Management Llp sold 16,792 shares as the company’s stock declined 7.78% while stock markets rallied. The institutional investor held 39,467 shares of the consumer durables company at the end of 2017Q3, valued at $6.36M, down from 56,259 at the end of the previous reported quarter. Artemis Investment Management Llp who had been investing in Watsco Inc for a number of months, seems to be less bullish one the $5.55 billion market cap company. The stock decreased 0.26% or $0.44 during the last trading session, reaching $169.29. About 165,158 shares traded. Watsco, Inc. (NYSE:WSO) has risen 8.75% since February 17, 2017 and is uptrending. It has underperformed by 7.95% the S&P500.

Pecaut & Company decreased its stake in Leucadia Natl Corp (LUK) by 73.91% based on its latest 2017Q3 regulatory filing with the SEC. Pecaut & Company sold 103,863 shares as the company’s stock declined 3.60% while stock markets rallied. The institutional investor held 36,655 shares of the meat and poultry and fish company at the end of 2017Q3, valued at $926,000, down from 140,518 at the end of the previous reported quarter. Pecaut & Company who had been investing in Leucadia Natl Corp for a number of months, seems to be less bullish one the $8.90B market cap company. The stock increased 0.16% or $0.04 during the last trading session, reaching $24.97. About 2.04M shares traded or 15.08% up from the average. Leucadia National Corporation (NYSE:LUK) has risen 38.50% since February 17, 2017 and is uptrending. It has outperformed by 21.80% the S&P500.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.01, from 0.92 in 2017Q2. It dropped, as 35 investors sold LUK shares while 150 reduced holdings. 52 funds opened positions while 117 raised stakes. 261.70 million shares or 0.63% less from 263.35 million shares in 2017Q2 were reported. Mason Street Advsrs Limited Liability Com stated it has 43,955 shares or 0.03% of all its holdings. British Columbia Invest Mngmt has invested 0.05% in Leucadia National Corporation (NYSE:LUK). North Star has invested 0% of its portfolio in Leucadia National Corporation (NYSE:LUK). Wellington Shields Lc invested in 0.22% or 65,900 shares. Inr Advisory Serv Lc holds 0.01% of its portfolio in Leucadia National Corporation (NYSE:LUK) for 3,342 shares. Advantus Management holds 0.02% or 31,899 shares in its portfolio. Roundview Ltd Liability Co accumulated 70,700 shares. 3,346 were reported by Quantbot Ltd Partnership. California Pub Employees Retirement System holds 1.03M shares. Parsons Cap Inc Ri accumulated 47,200 shares. Raymond James Svcs accumulated 11,533 shares. Shine Advisory Service stated it has 0% in Leucadia National Corporation (NYSE:LUK). Global Endowment Management LP invested in 0.05% or 13,380 shares. Morgan Stanley holds 0.01% or 1.05 million shares in its portfolio. Iat Reinsurance Limited owns 510,872 shares or 1.99% of their US portfolio.

Analysts await Leucadia National Corporation (NYSE:LUK) to report earnings on February, 26. They expect $0.27 earnings per share, down 27.03% or $0.10 from last year’s $0.37 per share. LUK’s profit will be $96.19M for 23.12 P/E if the $0.27 EPS becomes a reality. After $0.27 actual earnings per share reported by Leucadia National Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Pecaut & Company, which manages about $191.04M and $122.21M US Long portfolio, upped its stake in Source Cap Inc (NYSE:SOR) by 17,918 shares to 99,156 shares, valued at $3.99M in 2017Q3, according to the filing.

Among 11 analysts covering Watsco (NYSE:WSO), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Watsco had 36 analyst reports since September 11, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stephens given on Thursday, February 8. Stifel Nicolaus initiated Watsco, Inc. (NYSE:WSO) on Wednesday, November 25 with “Buy” rating. Stifel Nicolaus maintained Watsco, Inc. (NYSE:WSO) on Tuesday, July 25 with “Buy” rating. The firm has “Buy” rating given on Wednesday, April 26 by Stifel Nicolaus. The firm has “Buy” rating by Robert W. Baird given on Thursday, August 31. On Wednesday, July 26 the stock rating was maintained by Morgan Stanley with “Underweight”. Stephens maintained the shares of WSO in report on Wednesday, October 28 with “Overweight” rating. Barclays Capital maintained Watsco, Inc. (NYSE:WSO) rating on Monday, October 5. Barclays Capital has “Underweight” rating and $107 target. The company was maintained on Tuesday, October 3 by Robert W. Baird. Stifel Nicolaus maintained Watsco, Inc. (NYSE:WSO) on Friday, January 19 with “Buy” rating.

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