Graham Capital Management LP Lowered Its Tesla (Put) (TSLA) Position by $7.77 Million; Market Valuation Rose; Venator Capital Management LTD Has Lowered Epam Sys (EPAM) Stake as Share Price Rose

January 15, 2018 - By Maria Brooks

Kenneth Tropin decreased its stake in Tesla Inc (Put) (TSLA) by 60.32% based on its latest 2017Q3 regulatory filing with the SEC. Graham Capital Management Lp sold 22,800 shares as the company’s stock rose 14.18% with the market. The hedge fund run by Kenneth Tropin held 15,000 shares of the capital goods company at the end of 2017Q3, valued at $5.12 million, down from 37,800 at the end of the previous reported quarter. Graham Capital Management Lp who had been investing in Tesla Inc (Put) for a number of months, seems to be less bullish one the $56.51B market cap company. The stock decreased 0.51% or $1.73 during the last trading session, reaching $336.22. About 4.83 million shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 44.43% since January 15, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Venator Capital Management Ltd decreased its stake in Epam Sys Inc (EPAM) by 19.95% based on its latest 2017Q3 regulatory filing with the SEC. Venator Capital Management Ltd sold 7,200 shares as the company’s stock rose 16.98% with the market. The institutional investor held 28,897 shares of the technology company at the end of 2017Q3, valued at $2.54M, down from 36,097 at the end of the previous reported quarter. Venator Capital Management Ltd who had been investing in Epam Sys Inc for a number of months, seems to be less bullish one the $5.86B market cap company. The stock increased 0.43% or $0.47 during the last trading session, reaching $110.87. About 260,850 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 15.98% since January 15, 2017 and is uptrending. It has underperformed by 0.72% the S&P500.

Since August 1, 2017, it had 0 insider purchases, and 9 sales for $20.17 million activity. Musk Kimbal sold $777,887 worth of Tesla, Inc. (NASDAQ:TSLA) on Friday, September 1. On Tuesday, October 24 Branderiz Eric sold $589,355 worth of Tesla, Inc. (NASDAQ:TSLA) or 1,736 shares. 44,777 shares were sold by Jurvetson Stephen T, worth $15.24M on Tuesday, August 22.

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on February, 28. They expect $-3.75 earnings per share, down 200.00% or $2.50 from last year’s $-1.25 per share. After $-3.59 actual earnings per share reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts 4.46% negative EPS growth.

Graham Capital Management Lp, which manages about $16.17B and $4.76B US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Call) (SPY) by 950,000 shares to 1.95M shares, valued at $489.90 million in 2017Q3, according to the filing. It also increased its holding in Silver Std Res Inc by 307,000 shares in the quarter, for a total of 44.22M shares, and has risen its stake in Ishares Tr (FXI).

Among 34 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 11 have Buy rating, 10 Sell and 13 Hold. Therefore 32% are positive. Tesla Motors Inc had 118 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital downgraded Tesla, Inc. (NASDAQ:TSLA) rating on Friday, October 9. Barclays Capital has “Underweight” rating and $180 target. The firm has “Buy” rating given on Wednesday, October 4 by Guggenheim. The firm has “Sell” rating given on Thursday, August 3 by UBS. The company was maintained on Thursday, February 23 by RBC Capital Markets. The stock has “Hold” rating by Oppenheimer on Wednesday, August 9. The stock has “Hold” rating by Tigress Financial on Thursday, December 21. Cowen & Co maintained the shares of TSLA in report on Friday, October 20 with “Sell” rating. The firm earned “Hold” rating on Monday, March 20 by Deutsche Bank. Guggenheim maintained it with “Buy” rating and $43000 target in Thursday, August 3 report. RBC Capital Markets maintained Tesla, Inc. (NASDAQ:TSLA) rating on Thursday, February 11. RBC Capital Markets has “Sector Perform” rating and $180 target.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.03, from 1.27 in 2017Q2. It improved, as 93 investors sold TSLA shares while 134 reduced holdings. 73 funds opened positions while 223 raised stakes. 93.25 million shares or 1.29% more from 92.06 million shares in 2017Q2 were reported. Retail Bank owns 2,063 shares or 0.01% of their US portfolio. First Tru Advsrs Lp reported 90,811 shares. Amer Research & Mgmt Commerce reported 0.02% in Tesla, Inc. (NASDAQ:TSLA). Eaton Vance invested in 7,500 shares. Bb&T Ltd accumulated 2,387 shares or 0.01% of the stock. Balyasny Asset Mngmt Limited Liability reported 0.09% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Polar Llp reported 0.08% in Tesla, Inc. (NASDAQ:TSLA). Royal Bancorp Of Canada holds 0.02% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 111,916 shares. Etrade Ltd Co holds 0.01% or 811 shares. Comml Bank Of Nova Scotia has invested 0% in Tesla, Inc. (NASDAQ:TSLA). Fmr Limited Liability Company invested in 0.8% or 19.52M shares. Miracle Mile Advsr Ltd Com has invested 0.04% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Engy Opportunities Capital Management Limited Liability Corp holds 3,817 shares. Qs Investors Limited Liability Com has invested 0% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Criterion Cap Management Limited Liability Company, California-based fund reported 51,106 shares.

Among 17 analysts covering EPAM Systems (NYSE:EPAM), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. EPAM Systems had 41 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cantor Fitzgerald on Friday, May 5. The company was maintained on Tuesday, September 12 by KeyBanc Capital Markets. Stifel Nicolaus maintained the shares of EPAM in report on Thursday, November 2 with “Buy” rating. The rating was initiated by Berenberg on Friday, April 15 with “Buy”. Monness Crespi & Hardt downgraded the shares of EPAM in report on Monday, March 7 to “Hold” rating. The firm has “Buy” rating given on Thursday, November 19 by Needham. Monness Crespi maintained it with “Buy” rating and $91 target in Wednesday, May 10 report. Cowen & Co maintained the stock with “Buy” rating in Friday, July 28 report. Renaissance Capital upgraded the stock to “Buy” rating in Thursday, November 19 report. The rating was maintained by KeyBanc Capital Markets on Sunday, October 29 with “Buy”.

Analysts await EPAM Systems, Inc. (NYSE:EPAM) to report earnings on February, 15. They expect $0.82 EPS, up 38.98% or $0.23 from last year’s $0.59 per share. EPAM’s profit will be $43.30 million for 33.80 P/E if the $0.82 EPS becomes a reality. After $0.79 actual EPS reported by EPAM Systems, Inc. for the previous quarter, Wall Street now forecasts 3.80% EPS growth.

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