Ghost Tree Capital Trimmed Iridex (IRIX) Holding; Profile of 9 Analysts Covering Fastenal Company (FAST)

January 14, 2018 - By Michael Collier

Ghost Tree Capital Llc decreased Iridex Corp (IRIX) stake by 20.19% reported in 2017Q3 SEC filing. Ghost Tree Capital Llc sold 50,481 shares as Iridex Corp (IRIX)’s stock declined 40.16%. The Ghost Tree Capital Llc holds 199,519 shares with $1.87 million value, down from 250,000 last quarter. Iridex Corp now has $93.68M valuation. The stock decreased 0.86% or $0.07 during the last trading session, reaching $8.09. About 15,182 shares traded. IRIDEX Corporation (NASDAQ:IRIX) has declined 35.41% since January 14, 2017 and is downtrending. It has underperformed by 52.11% the S&P500.

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 56 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, August 21 by Stifel Nicolaus. Susquehanna maintained it with “Neutral” rating and $40 target in Thursday, August 27 report. The stock of Fastenal Company (NASDAQ:FAST) earned “Underweight” rating by Barclays Capital on Monday, October 5. On Friday, June 2 the stock rating was upgraded by Longbow to “Buy”. Stifel Nicolaus downgraded Fastenal Company (NASDAQ:FAST) on Friday, April 1 to “Hold” rating. William Blair upgraded the stock to “Outperform” rating in Monday, December 5 report. The rating was maintained by Stifel Nicolaus on Tuesday, January 19 with “Buy”. Avondale maintained the stock with “Market Perform” rating in Monday, March 21 report. KeyBanc Capital Markets maintained the shares of FAST in report on Wednesday, December 6 with “Buy” rating. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Thursday, January 5. See Fastenal Company (NASDAQ:FAST) latest ratings:

08/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $57.0 Maintain
09/01/2018 Broker: Credit Suisse Rating: Buy New Target: $61.0 Maintain
08/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $53.0 Maintain
10/12/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $51.0 Maintain
06/12/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $60.0 Maintain
06/12/2017 Broker: Robert W. Baird Rating: Buy New Target: $57.0 Maintain
06/12/2017 Broker: Raymond James Rating: Buy New Target: $61.0 Maintain
16/11/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $52.0 Maintain
13/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $51.0 Maintain
12/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $47.0 Maintain

The stock increased 0.91% or $0.5 during the last trading session, reaching $55.59. About 2.13M shares traded or 0.07% up from the average. Fastenal Company (NASDAQ:FAST) has declined 2.09% since January 14, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.

Since August 15, 2017, it had 0 buys, and 3 insider sales for $956,223 activity. Polipnick Gary A. sold $140,793 worth of Fastenal Company (NASDAQ:FAST) on Friday, December 15. Shares for $471,350 were sold by Hein LeLand J on Monday, October 16. The insider DOLAN MICHAEL JOHN sold 8,000 shares worth $344,080.

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company has market cap of $15.98 billion. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. It has a 29.65 P/E ratio. The companyÂ’s fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.01, from 1.29 in 2017Q2. It improved, as 50 investors sold Fastenal Company shares while 161 reduced holdings. 62 funds opened positions while 213 raised stakes. 234.48 million shares or 1.45% more from 231.14 million shares in 2017Q2 were reported. Segall Bryant & Hamill Limited Liability invested in 0.02% or 16,795 shares. Sandy Spring Retail Bank holds 0% or 380 shares in its portfolio. Caxton Assoc Limited Partnership holds 0.13% of its portfolio in Fastenal Company (NASDAQ:FAST) for 82,100 shares. Coe Capital Management invested in 1.56% or 32,895 shares. Ironwood Investment Counsel Ltd Liability owns 26,711 shares for 0.49% of their portfolio. Ameriprise Fincl Inc invested in 223,734 shares or 0% of the stock. Amg Funds Ltd accumulated 1.47% or 58,902 shares. Arcadia Mgmt Corporation Mi stated it has 72,933 shares. Commonwealth Bancshares Of Aus, a Australia-based fund reported 22,522 shares. 756,500 were accumulated by Riverpark Advsr Lc. Sigma Planning Corporation holds 0.04% or 9,569 shares. Hartline Corporation accumulated 21,762 shares. Tru Communications Of Vermont invested in 1,310 shares. 9,759 are owned by Suntrust Banks. Rfg Advisory Gru Ltd Liability Corp accumulated 0.24% or 8,349 shares.

Ghost Tree Capital Llc increased Avexis Inc (Put) stake by 10,000 shares to 200,000 valued at $19.35 million in 2017Q3. It also upped Entellus Med Inc stake by 186,510 shares and now owns 561,510 shares. Zogenix Inc was raised too.

Since December 12, 2017, it had 1 insider buy, and 0 selling transactions for $39,200 activity. MOORE WILLIAM M bought $39,200 worth of IRIDEX Corporation (NASDAQ:IRIX) on Tuesday, December 12.

Analysts await IRIDEX Corporation (NASDAQ:IRIX) to report earnings on March, 14. They expect $-0.21 EPS, down 90.91% or $0.10 from last year’s $-0.11 per share. After $-0.27 actual EPS reported by IRIDEX Corporation for the previous quarter, Wall Street now forecasts -22.22% EPS growth.

Among 3 analysts covering IRIDEX (NASDAQ:IRIX), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. IRIDEX had 4 analyst reports since January 26, 2016 according to SRatingsIntel. Singular Research initiated it with “Buy” rating and $11.50 target in Tuesday, January 26 report. The firm has “Buy” rating by Roth Capital given on Wednesday, December 21. The rating was initiated by TH Capital on Wednesday, December 21 with “Buy”.

Investors sentiment decreased to 0.55 in Q3 2017. Its down 0.04, from 0.59 in 2017Q2. It worsened, as 9 investors sold IRIX shares while 13 reduced holdings. 6 funds opened positions while 6 raised stakes. 5.63 million shares or 4.16% more from 5.41 million shares in 2017Q2 were reported. Ingalls And Snyder Ltd Liability Corporation holds 0.01% of its portfolio in IRIDEX Corporation (NASDAQ:IRIX) for 25,015 shares. Wells Fargo & Mn invested 0% of its portfolio in IRIDEX Corporation (NASDAQ:IRIX). Thompson Davis Co has 650 shares for 0.01% of their portfolio. 88,600 were accumulated by Perkins Cap Mgmt. Geode Capital Mgmt Limited Liability Co has 0% invested in IRIDEX Corporation (NASDAQ:IRIX) for 37,770 shares. Finemark Natl Natl Bank invested in 0.02% or 31,040 shares. The North Carolina-based National Bank & Trust Of America De has invested 0% in IRIDEX Corporation (NASDAQ:IRIX). Renaissance Ltd Liability Company accumulated 0% or 241,900 shares. Blackrock stated it has 0% of its portfolio in IRIDEX Corporation (NASDAQ:IRIX). Neuberger Berman Group Limited Liability owns 15,000 shares. Northern Trust accumulated 47,692 shares or 0% of the stock. Lyon Street Capital Limited Com holds 1.6% of its portfolio in IRIDEX Corporation (NASDAQ:IRIX) for 442,647 shares. Savings Bank Of New York Mellon invested 0% in IRIDEX Corporation (NASDAQ:IRIX). Element Management Ltd Liability, a New York-based fund reported 25,780 shares. Jpmorgan Chase And has 2,224 shares for 0% of their portfolio.

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