Myr Group (MYRG) Shareholder Investment Counselors Of Maryland Increased Position; Amdocs LTD (DOX) Market Valuation Rose While Westwood Holdings Group Cut Its Stake

February 15, 2018 - By Elijah Rosenthal

Westwood Holdings Group Inc decreased its stake in Amdocs Ltd (DOX) by 15.44% based on its latest 2017Q3 regulatory filing with the SEC. Westwood Holdings Group Inc sold 415,591 shares as the company’s stock rose 6.65% with the market. The institutional investor held 2.28M shares of the edp services company at the end of 2017Q3, valued at $146.36M, down from 2.69M at the end of the previous reported quarter. Westwood Holdings Group Inc who had been investing in Amdocs Ltd for a number of months, seems to be less bullish one the $9.57B market cap company. The stock increased 1.19% or $0.78 during the last trading session, reaching $66.71. About 312,609 shares traded. Amdocs Limited (NASDAQ:DOX) has risen 13.40% since February 15, 2017 and is uptrending. It has underperformed by 3.30% the S&P500.

Investment Counselors Of Maryland Llc increased its stake in Myr Group Inc (MYRG) by 7.44% based on its latest 2017Q3 regulatory filing with the SEC. Investment Counselors Of Maryland Llc bought 45,660 shares as the company’s stock declined 26.50% while stock markets rallied. The institutional investor held 659,226 shares of the basic industries company at the end of 2017Q3, valued at $19.21 million, up from 613,566 at the end of the previous reported quarter. Investment Counselors Of Maryland Llc who had been investing in Myr Group Inc for a number of months, seems to be bullish on the $559.71 million market cap company. The stock increased 0.41% or $0.14 during the last trading session, reaching $34. About 24,910 shares traded. MYR Group Inc. (NASDAQ:MYRG) has risen 24.13% since February 15, 2017 and is uptrending. It has outperformed by 7.43% the S&P500.

Among 7 analysts covering Amdocs (NASDAQ:DOX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Amdocs had 21 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, June 27. The rating was upgraded by Bank of America on Thursday, January 28 to “Buy”. The rating was maintained by Oppenheimer with “Buy” on Thursday, August 3. Oppenheimer maintained the stock with “Buy” rating in Wednesday, January 31 report. The stock of Amdocs Limited (NASDAQ:DOX) earned “Buy” rating by Stifel Nicolaus on Thursday, September 14. The stock has “Hold” rating by Robert W. Baird on Thursday, October 19. The stock of Amdocs Limited (NASDAQ:DOX) earned “Buy” rating by Oppenheimer on Tuesday, September 5. The firm has “Buy” rating given on Thursday, August 3 by Stifel Nicolaus. The stock of Amdocs Limited (NASDAQ:DOX) has “Equal Weight” rating given on Thursday, November 12 by Barclays Capital. Citigroup maintained Amdocs Limited (NASDAQ:DOX) rating on Wednesday, July 27. Citigroup has “Buy” rating and $66 target.

Westwood Holdings Group Inc, which manages about $12.59 billion US Long portfolio, upped its stake in Coherent Inc (NASDAQ:COHR) by 52,080 shares to 52,230 shares, valued at $12.28M in 2017Q3, according to the filing. It also increased its holding in Easterly Government Properties by 465,090 shares in the quarter, for a total of 1.21 million shares, and has risen its stake in Servisfirst Bancshares Inc (NASDAQ:SFBS).

Among 9 analysts covering MYR Group (NASDAQ:MYRG), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. MYR Group had 25 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, August 28. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, December 6 report. The rating was downgraded by BB&T Capital on Friday, October 2 to “Hold”. The rating was maintained by Robert W. Baird with “Buy” on Friday, October 6. FBR Capital maintained MYR Group Inc. (NASDAQ:MYRG) rating on Friday, November 6. FBR Capital has “Mkt Perform” rating and $25 target. The rating was maintained by Canaccord Genuity with “Buy” on Friday, August 4. The company was downgraded on Friday, November 18 by Avondale. The firm has “Market Perform” rating given on Tuesday, March 8 by FBR Capital. The rating was reinitiated by Stifel Nicolaus with “Hold” on Tuesday, January 5. The stock of MYR Group Inc. (NASDAQ:MYRG) earned “Hold” rating by KeyBanc Capital Markets on Thursday, September 7.

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.11, from 1.12 in 2017Q2. It increased, as 16 investors sold MYRG shares while 41 reduced holdings. 20 funds opened positions while 50 raised stakes. 13.62 million shares or 2.20% less from 13.93 million shares in 2017Q2 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,182 shares or 0% of its portfolio. Croft has invested 0.07% of its portfolio in MYR Group Inc. (NASDAQ:MYRG). Royal Retail Bank Of Canada invested in 8,713 shares. 325,402 are held by Corbyn Inv Management Md. Loomis Sayles And LP stated it has 178,585 shares or 0.01% of all its holdings. Aqr Cap Management Limited Liability Corporation holds 0.01% of its portfolio in MYR Group Inc. (NASDAQ:MYRG) for 196,609 shares. State Board Of Administration Of Florida Retirement Systems holds 0% or 44,486 shares in its portfolio. 13,817 are held by Ltd Liability Corp. D E Shaw And Com Incorporated holds 106,757 shares. Moreover, Manufacturers Life Insurance Com The has 0% invested in MYR Group Inc. (NASDAQ:MYRG) for 13,003 shares. Fairfax Can stated it has 0.19% of its portfolio in MYR Group Inc. (NASDAQ:MYRG). Public Employees Retirement Sys Of Ohio has invested 0% in MYR Group Inc. (NASDAQ:MYRG). California State Teachers Retirement Systems reported 0% of its portfolio in MYR Group Inc. (NASDAQ:MYRG). Paradigm Cap Mgmt Incorporated accumulated 0.02% or 8,000 shares. Jacobs Levy Equity Incorporated holds 0.06% or 97,554 shares in its portfolio.

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