Advance Auto Parts (AAP) Holder Scharf Investments Lifted Position by $14.82 Million; Chou Associates Management Lowered Overstock Com Del (OSTK) Holding by $8.57 Million as Shares Declined

January 20, 2018 - By Nellie Frank

Francis Chou decreased its stake in Overstock Com Inc Del (OSTK) by 50.77% based on its latest 2017Q3 regulatory filing with the SEC. Chou Associates Management Inc sold 295,621 shares as the company’s stock declined 22.04% while stock markets rallied. The hedge fund run by Francis Chou held 286,650 shares of the consumer services company at the end of 2017Q3, valued at $8.51M, down from 582,271 at the end of the previous reported quarter. Chou Associates Management Inc who had been investing in Overstock Com Inc Del for a number of months, seems to be less bullish one the $1.94B market cap company. The stock increased 8.98% or $6.4 during the last trading session, reaching $77.65. About 5.56 million shares traded or 23.68% up from the average. Overstock.com, Inc. (NASDAQ:OSTK) has declined 7.99% since January 20, 2017 and is downtrending. It has underperformed by 24.69% the S&P500.

Scharf Investments Llc increased its stake in Advance Auto Parts Inc (AAP) by 9.71% based on its latest 2017Q3 regulatory filing with the SEC. Scharf Investments Llc bought 149,741 shares as the company’s stock declined 6.26% while stock markets rallied. The institutional investor held 1.69 million shares of the other specialty stores company at the end of 2017Q3, valued at $167.90 million, up from 1.54M at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $8.64 billion market cap company. The stock increased 1.29% or $1.49 during the last trading session, reaching $117.02. About 1.17 million shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since January 20, 2017 and is uptrending. It has underperformed by 11.18% the S&P500.

Analysts await Overstock.com, Inc. (NASDAQ:OSTK) to report earnings on January, 30. They expect $-0.03 earnings per share, down 125.00% or $0.15 from last year’s $0.12 per share. After $-0.03 actual earnings per share reported by Overstock.com, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 2 analysts covering Overstock.com (NASDAQ:OSTK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Overstock.com had 5 analyst reports since May 26, 2016 according to SRatingsIntel. The firm has “Buy” rating by DA Davidson given on Wednesday, September 6. The company was maintained on Friday, December 1 by DA Davidson. Maxim Group maintained the shares of OSTK in report on Wednesday, February 1 with “Buy” rating. The firm has “Buy” rating by Maxim Group given on Thursday, May 26. DA Davidson maintained the shares of OSTK in report on Thursday, November 9 with “Buy” rating.

Since August 4, 2017, it had 0 insider buys, and 6 insider sales for $756,576 activity. $37,015 worth of Overstock.com, Inc. (NASDAQ:OSTK) was sold by Lee Carter Paul.

Investors sentiment increased to 1.77 in Q3 2017. Its up 0.35, from 1.42 in 2017Q2. It improved, as 13 investors sold OSTK shares while 18 reduced holdings. 26 funds opened positions while 29 raised stakes. 11.11 million shares or 5.86% more from 10.49 million shares in 2017Q2 were reported. Millennium Limited, a New York-based fund reported 7,995 shares. Barclays Public Limited Liability Company has 141,312 shares. The Georgia-based Voya Inv Management has invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). Chou Associates Management owns 286,650 shares or 2.97% of their US portfolio. 171,338 are owned by Cornerstone Mngmt Co. Wells Fargo Mn invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). Strs Ohio reported 28,300 shares or 0% of all its holdings. Group One Trading LP invested in 131,206 shares. 71,180 are owned by Susquehanna Intl Grp Incorporated Limited Liability Partnership. Harber Asset Mgmt Ltd owns 28,000 shares. Vertex One Asset Mngmt reported 1.23% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK). Moreover, State Street Corp has 0% invested in Overstock.com, Inc. (NASDAQ:OSTK). Eam Investors Limited Liability Com invested in 0.26% or 67,023 shares. Financial Bank Of Mellon holds 0% in Overstock.com, Inc. (NASDAQ:OSTK) or 74,166 shares. Partnervest Advisory Ser Limited Liability reported 8,200 shares.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.07, from 1.07 in 2017Q2. It is negative, as 72 investors sold AAP shares while 112 reduced holdings. 59 funds opened positions while 125 raised stakes. 74.92 million shares or 1.99% less from 76.44 million shares in 2017Q2 were reported. Suntrust Banks stated it has 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). State Of Wisconsin Board accumulated 67,873 shares. 8,300 were reported by Numeric Investors Limited Liability Corporation. Litespeed Management Limited Liability Corporation invested in 7.04% or 100,658 shares. 100 were accumulated by Baystate Wealth Management Ltd. Gemmer Asset Mgmt Limited Liability invested in 162 shares. Bancshares Of America De accumulated 494,810 shares. Thompson Davis & Incorporated has 27 shares for 0.01% of their portfolio. Hall Laurie J Trustee holds 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 140 shares. Salem Inv Counselors owns 5,100 shares. Segall Bryant And Hamill Limited Liability Company reported 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Intll Group Incorporated owns 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 23,612 shares. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 0.04% or 2,700 shares. M&T Bank Corp owns 3,963 shares or 0% of their US portfolio. Quantitative Investment Limited Liability Company owns 121,600 shares or 0.14% of their US portfolio.

Among 28 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 12 Hold. Therefore 46% are positive. Advance Auto Parts Inc. had 90 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, May 2. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 13. The firm has “Hold” rating by Gabelli given on Friday, April 15. On Friday, February 12 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained the shares of AAP in report on Friday, May 20 with “Outperform” rating. The rating was maintained by BTIG Research on Wednesday, October 19 with “Sell”. On Wednesday, February 22 the stock rating was maintained by Wedbush with “Outperform”. The firm earned “Hold” rating on Wednesday, August 16 by Atlantic Securities. The rating was initiated by Guggenheim with “Neutral” on Wednesday, January 18. The rating was maintained by UBS with “Buy” on Friday, February 5.

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