Harber Asset Management Lowered Identiv (INVE) Position by $340,704 as Market Value Rose; Lederer & Associates Investment Counsel Lifted Blackrock (BLK) Holding

January 14, 2018 - By Stephen Andrade

Raymond J. Harbert decreased its stake in Identiv Inc (INVE) by 82.61% based on its latest 2017Q3 regulatory filing with the SEC. Harber Asset Management Llc sold 85,176 shares as the company’s stock rose 2.14% with the market. The hedge fund run by Raymond J. Harbert held 17,924 shares of the technology company at the end of 2017Q3, valued at $83,000, down from 103,100 at the end of the previous reported quarter. Harber Asset Management Llc who had been investing in Identiv Inc for a number of months, seems to be less bullish one the $49.57 million market cap company. The stock increased 3.57% or $0.12 during the last trading session, reaching $3.48. About 162,635 shares traded or 58.49% up from the average. Identiv, Inc. (NASDAQ:INVE) has risen 183.17% since January 14, 2017 and is uptrending. It has outperformed by 166.47% the S&P500.

Lederer & Associates Investment Counsel increased its stake in Blackrock (BLK) by 16.68% based on its latest 2017Q3 regulatory filing with the SEC. Lederer & Associates Investment Counsel bought 979 shares as the company’s stock rose 1.17% with the market. The institutional investor held 6,850 shares of the finance company at the end of 2017Q3, valued at $3.06 million, up from 5,871 at the end of the previous reported quarter. Lederer & Associates Investment Counsel who had been investing in Blackrock for a number of months, seems to be bullish on the $89.66B market cap company. The stock increased 3.27% or $17.61 during the last trading session, reaching $555.53. About 941,849 shares traded or 109.58% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since January 14, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Among 17 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. BlackRock had 77 analyst reports since August 26, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, September 15 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained it with “Hold” rating and $41200 target in Friday, June 23 report. On Wednesday, October 11 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The company was maintained on Wednesday, October 5 by Deutsche Bank. The firm has “Buy” rating given on Thursday, September 28 by Goldman Sachs. The rating was maintained by RBC Capital Markets on Thursday, January 21 with “Outperform”. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Monday, January 18 by Argus Research. The firm has “Buy” rating by Deutsche Bank given on Friday, January 8. The rating was maintained by Deutsche Bank on Thursday, October 15 with “Buy”. The stock of BlackRock, Inc. (NYSE:BLK) has “Overweight” rating given on Tuesday, October 10 by Barclays Capital.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.10, from 1.28 in 2017Q2. It is positive, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. Massachusetts-based Appleton Ma has invested 0.11% in BlackRock, Inc. (NYSE:BLK). Lincoln invested in 666 shares. Renaissance Investment Llc reported 9,770 shares. State Of New Jersey Common Pension Fund D holds 0.19% or 104,500 shares in its portfolio. Davis R M Inc holds 569 shares. Federated Invsts Incorporated Pa invested 0.54% in BlackRock, Inc. (NYSE:BLK). 495 are owned by Clifford Swan Counsel Ltd Company. Voya Inv Mgmt Limited Liability Corp holds 69,591 shares or 0.07% of its portfolio. Cibc Ww owns 18,054 shares. Cornerstone Advsrs holds 484 shares or 0.15% of its portfolio. Gsa Prns Limited Liability Partnership has invested 0.01% of its portfolio in BlackRock, Inc. (NYSE:BLK). Tarbox Family Office has 32 shares. Howland Management Ltd Liability Co owns 467 shares. Cincinnati Specialty Underwriters Insur holds 3.92% in BlackRock, Inc. (NYSE:BLK) or 10,000 shares. Ashfield Prtn Llc reported 12,162 shares.

Harber Asset Management Llc, which manages about $271.95M US Long portfolio, upped its stake in Cogent Communications Hldgs (NASDAQ:CCOI) by 7,333 shares to 110,841 shares, valued at $5.42 million in 2017Q3, according to the filing. It also increased its holding in Comcast Corp New (NASDAQ:CMCSA) by 34,516 shares in the quarter, for a total of 188,713 shares, and has risen its stake in Alphabet Inc.

Among 3 analysts covering Identive Group (NASDAQ:INVE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Identive Group had 9 analyst reports since August 5, 2015 according to SRatingsIntel. Northland Capital maintained Identiv, Inc. (NASDAQ:INVE) on Friday, August 14 with “Outperform” rating. Northland Capital maintained the shares of INVE in report on Sunday, August 16 with “Buy” rating. The firm has “Hold” rating by Zacks given on Monday, August 10. The rating was downgraded by Cowen & Co on Wednesday, August 5 to “Market Perform”. On Monday, November 16 the stock rating was maintained by Northland Capital with “Outperform”. The company was maintained on Monday, August 7 by Northland Capital. The rating was downgraded by Imperial Capital to “In-Line” on Thursday, August 6. Imperial Capital maintained the shares of INVE in report on Tuesday, April 4 with “In-Line” rating. Imperial Capital maintained it with “In-Line” rating and $3 target in Monday, May 23 report.

Analysts await Identiv, Inc. (NASDAQ:INVE) to report earnings on March, 14. They expect $-0.08 EPS, up 20.00% or $0.02 from last year’s $-0.1 per share. After $-0.07 actual EPS reported by Identiv, Inc. for the previous quarter, Wall Street now forecasts 14.29% negative EPS growth.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 2.07, from 3 in 2017Q2. It fall, as 6 investors sold INVE shares while 8 reduced holdings. 5 funds opened positions while 8 raised stakes. 4.72 million shares or 1.62% more from 4.65 million shares in 2017Q2 were reported. First Eagle Inv Mgmt Ltd Co holds 0.01% in Identiv, Inc. (NASDAQ:INVE) or 1.10M shares. 500 are held by Lenox Wealth Mgmt. Harber Asset Mgmt Limited Com reported 0.03% stake. Royal Natl Bank Of Canada has invested 0% in Identiv, Inc. (NASDAQ:INVE). Vanguard Group Incorporated stated it has 0% of its portfolio in Identiv, Inc. (NASDAQ:INVE). Blackrock Incorporated has 272,617 shares. Tower Rech Ltd Liability (Trc) accumulated 988 shares. Jefferies Gru Limited Liability has invested 0.01% in Identiv, Inc. (NASDAQ:INVE). 67,000 are held by Bridgeway Cap Management. White Pine Capital Ltd has 34,635 shares. Virtu Fincl Lc reported 11,365 shares or 0% of all its holdings. Jpmorgan Chase & Co stated it has 5,730 shares or 0% of all its holdings. Morgan Stanley reported 0% stake. Barclays Public Ltd accumulated 4,662 shares or 0% of the stock. Hollencrest Secs Ltd Limited Liability Company invested 0.02% in Identiv, Inc. (NASDAQ:INVE).

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