Oakmont Has Upped Its Lam Research (LRCX) Position by $1.70 Million as Share Value Rose; World Wrestling Entmt (WWE) Position Maintained by Sirios Capital Management L P

February 19, 2018 - By Ellis Scott

John Brennan increased its stake in World Wrestling Entmt Inc (WWE) by 104.68% based on its latest 2017Q3 regulatory filing with the SEC. Sirios Capital Management LP bought 306,719 shares as the company’s stock declined 11.20% while stock markets rallied. The hedge fund run by John Brennan held 599,734 shares of the consumer services company at the end of 2017Q3, valued at $14.12M, up from 293,015 at the end of the previous reported quarter. Sirios Capital Management LP who had been investing in World Wrestling Entmt Inc for a number of months, seems to be bullish on the $2.81B market cap company. The stock increased 0.19% or $0.07 during the last trading session, reaching $36.48. About 837,787 shares traded or 2.22% up from the average. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 15.92% since February 19, 2017 and is uptrending. It has underperformed by 0.78% the S&P500.

Oakmont Corp increased its stake in Lam Research Corp (LRCX) by 3.83% based on its latest 2017Q3 regulatory filing with the SEC. Oakmont Corp bought 9,209 shares as the company’s stock rose 32.64% with the market. The institutional investor held 249,369 shares of the industrial machinery and components company at the end of 2017Q3, valued at $46.14 million, up from 240,160 at the end of the previous reported quarter. Oakmont Corp who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $30.62 billion market cap company. The stock increased 1.18% or $2.2 during the last trading session, reaching $187.91. About 4.34 million shares traded or 20.33% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since February 19, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Among 13 analysts covering World Wrestling (NYSE:WWE), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. World Wrestling had 28 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, April 5 by Pacific Crest. KeyBanc Capital Markets maintained World Wrestling Entertainment, Inc. (NYSE:WWE) rating on Tuesday, April 5. KeyBanc Capital Markets has “Overweight” rating and $20 target. The rating was maintained by Needham on Friday, July 31 with “Buy”. The stock has “Buy” rating by Guggenheim on Thursday, January 12. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Buy” rating by Needham on Wednesday, April 5. The rating was downgraded by Wells Fargo on Friday, October 28 to “Market Perform”. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Equal-Weight” rating by Morgan Stanley on Friday, June 30. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Buy” rating by M Partners on Wednesday, December 13. The stock has “Buy” rating by Needham on Wednesday, January 24. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Buy” rating by J.P. Morgan on Wednesday, December 6.

Investors sentiment increased to 1.95 in 2017 Q3. Its up 0.48, from 1.47 in 2017Q2. It is positive, as 8 investors sold WWE shares while 29 reduced holdings. 23 funds opened positions while 49 raised stakes. 34.20 million shares or 2.32% less from 35.01 million shares in 2017Q2 were reported. First Manhattan owns 0% invested in World Wrestling Entertainment, Inc. (NYSE:WWE) for 20,379 shares. Invesco accumulated 58,832 shares. Barclays Public Ltd Liability Co, a United Kingdom-based fund reported 1,600 shares. Williams Jones Assocs Limited Com, New York-based fund reported 10,000 shares. Majedie Asset Mngmt invested in 113,805 shares or 0.22% of the stock. Polar Capital Llp owns 55,580 shares or 0.01% of their US portfolio. Metropolitan Life Insurance Ny has 0% invested in World Wrestling Entertainment, Inc. (NYSE:WWE). Bancorp Of New York Mellon Corporation holds 0% in World Wrestling Entertainment, Inc. (NYSE:WWE) or 607,156 shares. Renaissance Tech Lc has 498,400 shares. 55,800 are owned by California Pub Employees Retirement. Ig Investment Management Ltd holds 0% in World Wrestling Entertainment, Inc. (NYSE:WWE) or 36,166 shares. Cim Inv Mangement has invested 0.08% in World Wrestling Entertainment, Inc. (NYSE:WWE). 25,070 are held by Fayez Sarofim Communication. New York-based Alliancebernstein Lp has invested 0% in World Wrestling Entertainment, Inc. (NYSE:WWE). Vanguard Group holds 3.25 million shares.

Since August 25, 2017, it had 0 buys, and 4 insider sales for $2.16 million activity. On Friday, August 25 DUNN KEVIN sold $1.50 million worth of World Wrestling Entertainment, Inc. (NYSE:WWE) or 72,286 shares. Shares for $551,344 were sold by DeVito Basil V. Jr. on Tuesday, September 12. On Wednesday, September 6 the insider Kowal Mark sold $50,016.

Sirios Capital Management L P, which manages about $2.06 billion and $1.91 billion US Long portfolio, decreased its stake in Bank Amer Corp (NYSE:BAC) by 3.25 million shares to 2.52 million shares, valued at $63.97M in 2017Q3, according to the filing. It also reduced its holding in Home Depot Inc (NYSE:HD) by 62,725 shares in the quarter, leaving it with 83,774 shares, and cut its stake in Ppg Inds Inc (NYSE:PPG).

Among 25 analysts covering Lam Research Corporation (NASDAQ:LRCX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation had 79 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Thursday, March 16 by Pacific Crest. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, July 27. RBC Capital Markets has “Buy” rating and $18500 target. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 2. The firm has “Buy” rating given on Friday, September 25 by Credit Agricole. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by B. Riley & Co on Thursday, October 22. The company was maintained on Thursday, April 21 by B. Riley & Co. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Friday, June 16 by Needham. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Argus Research on Tuesday, September 12. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Overweight” rating by Morgan Stanley on Thursday, January 25.

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.04, from 0.98 in 2017Q2. It improved, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. 755,195 were reported by Glenmede Trust Na. Main Street Rech Limited Liability Company owns 97,358 shares or 2.91% of their US portfolio. M&T Bancorp has invested 0.03% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). L And S Advsr owns 10,220 shares or 0.32% of their US portfolio. Artemis Investment Llp, a United Kingdom-based fund reported 127,121 shares. Canada Pension Plan Inv Board owns 158,858 shares. Affinity Ltd Liability Co holds 15,534 shares or 0.33% of its portfolio. Wade G W Inc stated it has 0.09% in Lam Research Corporation (NASDAQ:LRCX). Synovus invested in 4,037 shares. Engineers Gate Manager Limited Partnership stated it has 0.3% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Apg Asset Mngmt Nv invested 0.17% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Pictet Asset Mgmt Ltd reported 0.05% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Cullen Frost Bankers holds 127,854 shares. Hilltop Holdg has 0.1% invested in Lam Research Corporation (NASDAQ:LRCX). Bridgewater Assocs Lp invested in 37,083 shares or 0.05% of the stock.

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