Logmein (LOGM) Market Value Rose While Jericho Capital Asset Management LP Has Lowered Stake; Hain Celestial Group (HAIN) Shareholder Monetta Financial Services Has Trimmed Its Position by $512,500 as Market Valuation Rose

January 18, 2018 - By Stephen Andrade

Monetta Financial Services Inc decreased its stake in Hain Celestial Group Inc (HAIN) by 24.04% based on its latest 2017Q3 regulatory filing with the SEC. Monetta Financial Services Inc sold 12,500 shares as the company’s stock rose 6.47% with the market. The institutional investor held 39,500 shares of the consumer non-durables company at the end of 2017Q3, valued at $1.63 million, down from 52,000 at the end of the previous reported quarter. Monetta Financial Services Inc who had been investing in Hain Celestial Group Inc for a number of months, seems to be less bullish one the $4.13B market cap company. The stock decreased 0.62% or $0.25 during the last trading session, reaching $39.76. About 85,992 shares traded. The Hain Celestial Group, Inc. (NASDAQ:HAIN) has declined 22.27% since January 18, 2017 and is downtrending. It has underperformed by 38.97% the S&P500.

Josh Resnick decreased its stake in Logmein Inc (LOGM) by 9.16% based on its latest 2017Q3 regulatory filing with the SEC. Jericho Capital Asset Management Lp sold 53,259 shares as the company’s stock rose 17.94% with the market. The hedge fund run by Josh Resnick held 528,133 shares of the technology company at the end of 2017Q3, valued at $58.12 million, down from 581,392 at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in Logmein Inc for a number of months, seems to be less bullish one the $6.25 billion market cap company. The stock decreased 0.81% or $0.97 during the last trading session, reaching $118.68. About 69,145 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since January 18, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It improved, as 33 investors sold LOGM shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported. Pinebridge Ltd Partnership accumulated 24,664 shares or 0.07% of the stock. Amica Retiree Med Tru invested 0.02% in LogMeIn, Inc. (NASDAQ:LOGM). Smith Asset Group Incorporated Limited Partnership holds 31,386 shares. Trexquant Inv Lp has invested 0.29% in LogMeIn, Inc. (NASDAQ:LOGM). Baldwin Brothers Ma owns 343 shares. Northern Corporation owns 507,255 shares. 1,826 were reported by Leucadia National Corp. Champlain Investment Llc invested in 1.78% or 1.37M shares. Ameriprise Financial stated it has 431,351 shares. Fisher Asset Mngmt Limited Liability Co invested in 0.01% or 77,168 shares. Ratan Capital Management LP holds 5.06% in LogMeIn, Inc. (NASDAQ:LOGM) or 76,226 shares. 390,455 were accumulated by Dimensional Fund Advisors Limited Partnership. Peak6 Invs Lp stated it has 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Weiss Multi stated it has 0.1% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Tci Wealth Advisors invested in 0% or 25 shares.

Jericho Capital Asset Management Lp, which manages about $3.07 billion and $1.76 billion US Long portfolio, upped its stake in Red Hat Inc (NYSE:RHT) by 679,768 shares to 1.68M shares, valued at $185.89 million in 2017Q3, according to the filing. It also increased its holding in Pandora Media Inc (NYSE:P) by 1.78 million shares in the quarter, for a total of 14.29M shares, and has risen its stake in 58 Com Inc (NYSE:WUBA).

Among 13 analysts covering LogMeIn (NASDAQ:LOGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. LogMeIn had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Wednesday, December 20. The rating was maintained by Oppenheimer with “Hold” on Friday, July 28. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Buy” rating by Cowen & Co on Thursday, August 31. The firm has “Hold” rating by Oppenheimer given on Wednesday, August 9. The rating was maintained by Northland Capital with “Buy” on Thursday, July 27. The firm has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. On Friday, October 27 the stock rating was maintained by Cowen & Co with “Buy”. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Outperform” rating by Robert W. Baird on Tuesday, October 3. The company was upgraded on Wednesday, July 27 by JP Morgan. The company was maintained on Sunday, September 3 by RBC Capital Markets.

Since August 1, 2017, it had 0 insider purchases, and 7 selling transactions for $7.92 million activity. Ford W. Sean sold $1.65M worth of LogMeIn, Inc. (NASDAQ:LOGM) on Friday, August 4. 20,000 shares were sold by Simon Michael K, worth $2.24M on Monday, September 11. $533,581 worth of LogMeIn, Inc. (NASDAQ:LOGM) was sold by Wagner William Raymond on Monday, August 7. The insider Battles Christopher sold 721 shares worth $84,922. Shares for $336,591 were sold by Benson Steven J. on Wednesday, September 13.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 27. They expect $0.91 earnings per share, up 175.76% or $0.58 from last year’s $0.33 per share. LOGM’s profit will be $47.90M for 32.60 P/E if the $0.91 EPS becomes a reality. After $0.93 actual earnings per share reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -2.15% negative EPS growth.

Analysts await The Hain Celestial Group, Inc. (NASDAQ:HAIN) to report earnings on February, 6. HAIN’s profit will be $43.60M for 23.67 P/E if the $0.42 EPS becomes a reality. After $0.23 actual EPS reported by The Hain Celestial Group, Inc. for the previous quarter, Wall Street now forecasts 82.61% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: