Evanson Asset Management Trimmed Its Apple (AAPL) Position by $4.17 Million; Valuation Rose; Waratah Capital Advisors LTD Boosted Its Diamondback Energy (FANG) Position by $4.69 Million

January 21, 2018 - By Darrin Black

Brad Dunkley increased its stake in Diamondback Energy Inc (FANG) by 34.79% based on its latest 2017Q3 regulatory filing with the SEC. Waratah Capital Advisors Ltd bought 48,390 shares as the company’s stock declined 4.19% while stock markets rallied. The hedge fund run by Brad Dunkley held 187,490 shares of the energy company at the end of 2017Q3, valued at $18.37 million, up from 139,100 at the end of the previous reported quarter. Waratah Capital Advisors Ltd who had been investing in Diamondback Energy Inc for a number of months, seems to be bullish on the $12.52B market cap company. The stock increased 0.27% or $0.34 during the last trading session, reaching $127.57. About 585,348 shares traded. Diamondback Energy, Inc. (NASDAQ:FANG) has risen 18.62% since January 21, 2017 and is uptrending. It has outperformed by 1.92% the S&P500.

Evanson Asset Management Llc decreased its stake in Apple Inc (AAPL) by 17.13% based on its latest 2017Q3 regulatory filing with the SEC. Evanson Asset Management Llc sold 27,095 shares as the company’s stock rose 12.78% with the market. The institutional investor held 131,071 shares of the computer manufacturing company at the end of 2017Q3, valued at $20.20M, down from 158,166 at the end of the previous reported quarter. Evanson Asset Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $907.84 billion market cap company. The stock decreased 0.45% or $0.8 during the last trading session, reaching $178.46. About 32.43M shares traded or 18.24% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 21, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08B for 11.90 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Emerald Advisers Pa reported 10,356 shares or 0.06% of all its holdings. Cliftonlarsonallen Wealth Ltd Liability Corp reported 14,303 shares stake. Heritage Mngmt holds 315,005 shares or 3.12% of its portfolio. Fund Mngmt Sa reported 870,309 shares. First Eagle Investment Mgmt Limited Liability Corp holds 0% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 9,506 shares. Guardian Capital Advsr LP reported 23,284 shares. Beech Hill Advisors Incorporated has 6% invested in Apple Inc. (NASDAQ:AAPL). Compton Mngmt Inc Ri holds 7.37% or 106,511 shares. Fiera Cap Corporation has invested 0.34% in Apple Inc. (NASDAQ:AAPL). Zwj Investment Counsel reported 182,226 shares. Smith Asset Ltd Partnership accumulated 4.26% or 826,705 shares. Centurylink Mgmt reported 3.18% of its portfolio in Apple Inc. (NASDAQ:AAPL). Verity And Verity Lc accumulated 55,868 shares. Cim Inv Mangement Inc owns 30,480 shares for 1.71% of their portfolio. Hendershot Investments Incorporated invested in 6.01% or 91,504 shares.

Since August 7, 2017, it had 0 buys, and 12 sales for $93.68 million activity. $43.15 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by COOK TIMOTHY D. Riccio Daniel J. sold $2.42M worth of Apple Inc. (NASDAQ:AAPL) on Thursday, October 5. SCHILLER PHILIP W sold 56,808 shares worth $8.79M. LEVINSON ARTHUR D had sold 35,000 shares worth $5.52M. FEDERIGHI CRAIG also sold $9.98M worth of Apple Inc. (NASDAQ:AAPL) on Monday, August 7. Another trade for 6,209 shares valued at $1.01 million was sold by KONDO CHRIS.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 39 have Buy rating, 1 Sell and 12 Hold. Therefore 75% are positive. Apple Inc. had 351 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Monday, November 6 by Argus Research. The rating was maintained by Tigress Financial on Monday, December 4 with “Buy”. Bernstein maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, September 13. Bernstein has “Buy” rating and $175.0 target. The rating was maintained by UBS on Tuesday, July 26 with “Buy”. Nomura maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, March 24. Nomura has “Buy” rating and $165 target. Goldman Sachs maintained Apple Inc. (NASDAQ:AAPL) on Thursday, July 13 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Neutral” rating by Mizuho on Friday, September 11. The company was maintained on Wednesday, April 27 by Barclays Capital. As per Wednesday, April 27, the company rating was maintained by Cowen & Co. The company was maintained on Wednesday, July 27 by Drexel Hamilton.

Evanson Asset Management Llc, which manages about $3.18B and $467.66 million US Long portfolio, upped its stake in Sprott Physical Gold Trust (PHYS) by 103,231 shares to 4.51 million shares, valued at $47.08M in 2017Q3, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 46,669 shares in the quarter, for a total of 472,722 shares, and has risen its stake in Berkshire Hathaway Inc Del (BRKB).

Investors sentiment increased to 1.53 in Q3 2017. Its up 0.32, from 1.21 in 2017Q2. It improved, as 43 investors sold FANG shares while 92 reduced holdings. 64 funds opened positions while 143 raised stakes. 104.84 million shares or 6.40% more from 98.54 million shares in 2017Q2 were reported. Parametric Port Assocs Limited Company invested 0.01% in Diamondback Energy, Inc. (NASDAQ:FANG). Moreover, Fmr Limited Liability has 0.13% invested in Diamondback Energy, Inc. (NASDAQ:FANG). Gabelli Funds Ltd holds 0.1% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG) for 186,700 shares. Metropolitan Life Insurance New York reported 0% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Fincl Advisers Ltd Liability Com reported 5,536 shares. 8,484 are owned by Gsa Capital Prns Llp. holds 4.69M shares. Stevens Cap Mgmt LP holds 10,984 shares or 0.04% of its portfolio. Van Eck Associates invested in 0.85% or 1.71 million shares. Fifth Third State Bank owns 13,915 shares or 0.01% of their US portfolio. The New York-based Brown Brothers Harriman And Com has invested 0% in Diamondback Energy, Inc. (NASDAQ:FANG). Ls Investment Advisors Limited Liability, Michigan-based fund reported 1,089 shares. 5,442 are owned by Miller Howard Invests Incorporated Ny. Clinton Gru accumulated 7,392 shares. Gluskin Sheff And Associates holds 13,150 shares or 0.13% of its portfolio.

Waratah Capital Advisors Ltd, which manages about $788.22 million US Long portfolio, decreased its stake in Godaddy Inc Cl A by 195,595 shares to 35,755 shares, valued at $1.56M in 2017Q3, according to the filing. It also reduced its holding in Newfield Expl Co (NYSE:NFX) by 204,557 shares in the quarter, leaving it with 75,980 shares, and cut its stake in Equity Lifestyle Pptys Inc (NYSE:ELS).

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