Grimes & Company Boosted Nike (NKE) Position by $5.73 Million; Kmg Chemicals (KMG) Stock Rose While Trigran Investments Has Lowered Holding

February 15, 2018 - By Adrian Mccoy

Grimes & Company Inc increased its stake in Nike Inc. (NKE) by 2409.88% based on its latest 2017Q3 regulatory filing with the SEC. Grimes & Company Inc bought 112,397 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 117,061 shares of the consumer non-durables company at the end of 2017Q3, valued at $6.07M, up from 4,664 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Nike Inc. for a number of months, seems to be bullish on the $110.03B market cap company. The stock decreased 0.49% or $0.3329 during the last trading session, reaching $67.6271. About 1.50M shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 15, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Douglas T. Granat decreased its stake in Kmg Chemicals Inc (KMG) by 22.2% based on its latest 2017Q3 regulatory filing with the SEC. Trigran Investments Inc sold 170,247 shares as the company’s stock rose 52.84% with the market. The hedge fund run by Douglas T. Granat held 596,752 shares of the basic industries company at the end of 2017Q3, valued at $32.75 million, down from 766,999 at the end of the previous reported quarter. Trigran Investments Inc who had been investing in Kmg Chemicals Inc for a number of months, seems to be less bullish one the $921.11M market cap company. The stock increased 0.25% or $0.15 during the last trading session, reaching $59.92. About 13,512 shares traded. KMG Chemicals, Inc. (NYSE:KMG) has risen 169.63% since February 15, 2017 and is uptrending. It has outperformed by 152.93% the S&P500.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 220 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup maintained it with “Buy” rating and $61 target in Wednesday, June 29 report. The firm has “Sell” rating given on Friday, December 22 by Bank of America. The stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Citigroup on Thursday, March 23. Canaccord Genuity maintained NIKE, Inc. (NYSE:NKE) rating on Friday, September 25. Canaccord Genuity has “Hold” rating and $119 target. The stock has “Outperform” rating by Credit Suisse on Wednesday, June 29. Credit Suisse maintained the stock with “Outperform” rating in Friday, September 25 report. Stifel Nicolaus maintained NIKE, Inc. (NYSE:NKE) on Friday, September 25 with “Buy” rating. The stock of NIKE, Inc. (NYSE:NKE) earned “Hold” rating by FBR Capital on Friday, June 30. Canaccord Genuity maintained the shares of NKE in report on Tuesday, September 22 with “Hold” rating. The firm has “Hold” rating given on Friday, August 4 by Cowen & Co.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.20, from 1 in 2017Q2. It turned negative, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Horan Mgmt holds 0.46% of its portfolio in NIKE, Inc. (NYSE:NKE) for 42,532 shares. Tompkins Corp holds 7,863 shares or 0.1% of its portfolio. The United Kingdom-based Baring Asset Mgmt has invested 0.19% in NIKE, Inc. (NYSE:NKE). Ing Groep Nv reported 246,850 shares. First Mercantile Tru holds 0.44% in NIKE, Inc. (NYSE:NKE) or 46,788 shares. Tiemann Inv Advsr Limited invested 0.24% of its portfolio in NIKE, Inc. (NYSE:NKE). Moore Cap Mgmt LP invested 0.03% of its portfolio in NIKE, Inc. (NYSE:NKE). Montag Caldwell Lc invested 0.02% of its portfolio in NIKE, Inc. (NYSE:NKE). 12,450 were accumulated by Warren Averett Asset Management Ltd. Asset Mngmt Inc has 0.22% invested in NIKE, Inc. (NYSE:NKE). Everett Harris Ca invested 1.72% in NIKE, Inc. (NYSE:NKE). Schroder Invest Grp Inc, a Maine-based fund reported 257,581 shares. S&Co accumulated 6,400 shares. Acropolis Invest Management Ltd Llc accumulated 7,786 shares. 194,270 are held by Nomura.

Since September 14, 2017, it had 0 insider purchases, and 8 selling transactions for $37.22 million activity. SPRUNK ERIC D sold 100,000 shares worth $6.77 million. RODGERS JOHNATHAN A had sold 16,000 shares worth $855,206. On Tuesday, January 2 the insider Slusher John F sold $7.94 million. Matheson Monique S. sold $650,000 worth of stock. EDWARDS TREVOR A sold 100,000 shares worth $6.85M.

Grimes & Company Inc, which manages about $1.63 billion and $940.51M US Long portfolio, decreased its stake in Vanguard Growth Etf (VUG) by 6,034 shares to 233,887 shares, valued at $31.05M in 2017Q3, according to the filing. It also reduced its holding in Guggenheim Enhanced Short Dura (GSY) by 16,432 shares in the quarter, leaving it with 11,062 shares, and cut its stake in Boeing Co (NYSE:BA).

Analysts await KMG Chemicals, Inc. (NYSE:KMG) to report earnings on March, 12. They expect $0.71 earnings per share, up 24.56% or $0.14 from last year’s $0.57 per share. KMG’s profit will be $10.91M for 21.10 P/E if the $0.71 EPS becomes a reality. After $0.83 actual earnings per share reported by KMG Chemicals, Inc. for the previous quarter, Wall Street now forecasts -14.46% negative EPS growth.

Trigran Investments Inc, which manages about $278.36 million and $443.70M US Long portfolio, upped its stake in Dolby Laboratories Inc (NYSE:DLB) by 66,247 shares to 178,621 shares, valued at $10.27M in 2017Q3, according to the filing. It also increased its holding in Farmer Bros Co (NASDAQ:FARM) by 24,652 shares in the quarter, for a total of 999,231 shares, and has risen its stake in Gentherm Inc (NASDAQ:THRM).

Since August 14, 2017, it had 0 insider purchases, and 31 insider sales for $35.22 million activity.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.71, from 1.66 in 2017Q2. It dropped, as 14 investors sold KMG shares while 47 reduced holdings. 21 funds opened positions while 37 raised stakes. 8.47 million shares or 0.73% less from 8.53 million shares in 2017Q2 were reported. Bessemer Gp has invested 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Boothbay Fund Mgmt Limited invested in 5,637 shares. Tower Capital Limited Liability Corp (Trc) stated it has 0.01% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). 80,369 were accumulated by Fiera Cap. Hillsdale Investment Incorporated has invested 0.25% in KMG Chemicals, Inc. (NYSE:KMG). Wellington Mgmt Gru Llp holds 0% in KMG Chemicals, Inc. (NYSE:KMG) or 26,607 shares. The Massachusetts-based Contravisory Investment Mngmt has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Brown Advisory invested 0.02% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Hodges Management has invested 0.01% in KMG Chemicals, Inc. (NYSE:KMG). The California-based Clarivest Asset Limited Liability Corporation has invested 0.06% in KMG Chemicals, Inc. (NYSE:KMG). Gsa Cap Prtnrs Llp has 29,456 shares. Dimensional Fund Advsrs Lp owns 0.01% invested in KMG Chemicals, Inc. (NYSE:KMG) for 593,780 shares. Victory Capital holds 0% or 2,826 shares in its portfolio. Manufacturers Life The holds 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 7,202 shares. Secor Cap Advsr LP holds 0.1% or 18,308 shares in its portfolio.

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