Systematic Financial Management LP Stake in Callaway Golf Co. (ELY) Has Cut as Stock Rose; As Applied Materials (AMAT) Valuation Rose, Central Bank & Trust Co Has Increased Holding by $446,992

February 13, 2018 - By Kurt Siggers

Systematic Financial Management Lp decreased its stake in Callaway Golf Co. (ELY) by 80.13% based on its latest 2017Q3 regulatory filing with the SEC. Systematic Financial Management Lp sold 191,170 shares as the company’s stock rose 22.71% with the market. The institutional investor held 47,410 shares of the recreational products and toys company at the end of 2017Q3, valued at $684,000, down from 238,580 at the end of the previous reported quarter. Systematic Financial Management Lp who had been investing in Callaway Golf Co. for a number of months, seems to be less bullish one the $1.43 billion market cap company. The stock decreased 0.66% or $0.1 during the last trading session, reaching $15.12. About 314,962 shares traded. Callaway Golf Company (NYSE:ELY) has risen 39.56% since February 13, 2017 and is uptrending. It has outperformed by 22.86% the S&P500.

Kelly Cardwell increased its stake in Applied Materials Inc (AMAT) by 144.37% based on its latest 2017Q3 regulatory filing with the SEC. Central Bank & Trust Co bought 8,596 shares as the company’s stock rose 23.58% with the market. The hedge fund run by Kelly Cardwell held 14,550 shares of the technology company at the end of 2017Q3, valued at $758,000, up from 5,954 at the end of the previous reported quarter. Central Bank & Trust Co who had been investing in Applied Materials Inc for a number of months, seems to be bullish on the $51.29B market cap company. The stock decreased 1.49% or $0.74 during the last trading session, reaching $48.76. About 4.94M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since February 13, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Among 16 analysts covering Callaway Golf (NYSE:ELY), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Callaway Golf had 43 analyst reports since August 23, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Wednesday, December 27 by Compass Point. Compass Point upgraded it to “Hold” rating and $13.5 target in Wednesday, February 7 report. The rating was downgraded by Forward View Consulting on Saturday, August 5 to “Hold”. The firm earned “Buy” rating on Tuesday, September 5 by Jefferies. Compass Point initiated the stock with “Neutral” rating in Friday, September 9 report. The firm earned “Buy” rating on Tuesday, June 6 by Jefferies. The stock of Callaway Golf Company (NYSE:ELY) earned “Buy” rating by J.P. Morgan on Thursday, December 14. The rating was maintained by Roth Capital with “Buy” on Monday, February 5. The firm has “Buy” rating given on Wednesday, November 22 by KeyBanc Capital Markets. The stock has “Outperform” rating by Imperial Capital on Tuesday, May 23.

Since August 29, 2017, it had 0 buys, and 7 sales for $2.01 million activity. Hocknell Alan had sold 8,369 shares worth $125,535 on Thursday, October 26. Lynch Brian P. also sold $384,519 worth of Callaway Golf Company (NYSE:ELY) on Friday, February 9. Leposky Mark F had sold 31,691 shares worth $443,674.

Systematic Financial Management Lp, which manages about $14.04B and $4.93 billion US Long portfolio, upped its stake in Allscripts Healthcare Solution (NASDAQ:MDRX) by 1.71M shares to 1.85 million shares, valued at $26.37M in 2017Q3, according to the filing. It also increased its holding in Lexington Realty Trust (Reit) (NYSE:LXP) by 72,190 shares in the quarter, for a total of 1.21M shares, and has risen its stake in Gibraltar Industries Inc. (NASDAQ:ROCK).

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.25, from 1.44 in 2017Q2. It dropped, as 20 investors sold ELY shares while 64 reduced holdings. 28 funds opened positions while 72 raised stakes. 82.05 million shares or 4.77% more from 78.32 million shares in 2017Q2 were reported. Parametrica Ltd holds 0.24% of its portfolio in Callaway Golf Company (NYSE:ELY) for 38,700 shares. Walleye Trading Limited Liability Com has invested 0% in Callaway Golf Company (NYSE:ELY). 279,527 are held by Diamond Hill Management Inc. Royal Bankshares Of Canada holds 0.01% or 1.01M shares in its portfolio. Advisory Ntwk Ltd Llc has invested 0% in Callaway Golf Company (NYSE:ELY). Pnc Fincl Svcs Grp Inc reported 0% of its portfolio in Callaway Golf Company (NYSE:ELY). Mufg Americas Hldgs Corporation invested in 0% or 3,767 shares. Natixis accumulated 13,841 shares or 0% of the stock. Federated Investors Pa invested in 0% or 3,982 shares. American Century has 0% invested in Callaway Golf Company (NYSE:ELY) for 45,172 shares. Barclays Public Ltd Company reported 0% of its portfolio in Callaway Golf Company (NYSE:ELY). Fincl Bank Of The West reported 10,555 shares stake. Hartford Inv Mngmt holds 232,995 shares or 0.06% of its portfolio. The United Kingdom-based Legal General Group Inc Plc has invested 0% in Callaway Golf Company (NYSE:ELY). 158,097 are owned by Prudential Finance.

Since August 23, 2017, it had 0 insider buys, and 5 insider sales for $12.03 million activity. $1.54 million worth of Applied Materials, Inc. (NASDAQ:AMAT) was sold by Larkins Thomas F on Thursday, October 5. Shares for $6.44 million were sold by Salehpour Ali. Nalamasu Omkaram also sold $2.83 million worth of Applied Materials, Inc. (NASDAQ:AMAT) on Tuesday, January 2. Another trade for 4,000 shares valued at $214,680 was sold by Forrest Stephen R.

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.24, from 0.82 in 2017Q2. It increased, as 40 investors sold AMAT shares while 325 reduced holdings. 123 funds opened positions while 263 raised stakes. 811.15 million shares or 1.86% less from 826.54 million shares in 2017Q2 were reported. New York State Teachers Retirement System has 0.24% invested in Applied Materials, Inc. (NASDAQ:AMAT). The France-based Bnp Paribas Asset Mngmt Holdg has invested 0.1% in Applied Materials, Inc. (NASDAQ:AMAT). Tower Rech (Trc), a New York-based fund reported 11,752 shares. Oakworth Cap Inc has 0.02% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 1,436 shares. Bancorp has invested 0.17% in Applied Materials, Inc. (NASDAQ:AMAT). Next Financial Grp Inc holds 1,100 shares or 0.02% of its portfolio. Aqr Cap Management Ltd Com holds 0.46% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 7.36M shares. The Texas-based Hbk Invs Ltd Partnership has invested 0.1% in Applied Materials, Inc. (NASDAQ:AMAT). Kingdon Capital Management Limited Liability Corporation reported 489,300 shares. Outfitter Limited reported 38,050 shares stake. Ifrah Financial Incorporated holds 17,205 shares. New Mexico Educational Retirement Board holds 0.24% or 97,486 shares in its portfolio. Fjarde Ap invested in 258,576 shares. Exxonmobil Investment Management Tx holds 0.26% or 194,756 shares in its portfolio. Mairs And Power has 0.01% invested in Applied Materials, Inc. (NASDAQ:AMAT).

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 28 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Applied Materials Inc. had 111 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by B. Riley & Co with “Buy” on Monday, August 14. RBC Capital Markets downgraded Applied Materials, Inc. (NASDAQ:AMAT) on Monday, October 5 to “Underperform” rating. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Stifel Nicolaus on Monday, February 13. Deutsche Bank maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, November 17 with “Buy” rating. The company was downgraded on Monday, December 19 by Goldman Sachs. The firm has “Buy” rating by Nomura given on Monday, October 26. The company was maintained on Friday, November 17 by RBC Capital Markets. CLSA downgraded the shares of AMAT in report on Thursday, December 10 to “Outperform” rating. The rating was maintained by Citigroup with “Buy” on Friday, August 19. The stock has “Strong Buy” rating by Needham on Monday, January 8.

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