Itron (ITRI) Market Valuation Rose While Marcato Capital Management LP Has Raised Its Holding; Selway Asset Management Has Cut J.P. Morgan Chase (JPM) Stake as Stock Rose

May 22, 2018 - By Marie Mckinney

JPMorgan Chase & Co. (NYSE:JPM) Logo

Selway Asset Management decreased its stake in J.P. Morgan Chase (JPM) by 8.4% based on its latest 2017Q4 regulatory filing with the SEC. Selway Asset Management sold 5,125 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 55,912 shares of the major banks company at the end of 2017Q4, valued at $5.98 million, down from 61,037 at the end of the previous reported quarter. Selway Asset Management who had been investing in J.P. Morgan Chase for a number of months, seems to be less bullish one the $383.70B market cap company. The stock increased 0.50% or $0.56 during the last trading session, reaching $112.71. About 540,642 shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 22, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Richard Mcguire increased its stake in Itron Inc (ITRI) by 118.84% based on its latest 2017Q4 regulatory filing with the SEC. Marcato Capital Management Lp bought 468,100 shares as the company’s stock rose 2.57% while stock markets declined. The hedge fund run by Richard Mcguire held 862,000 shares of the capital goods company at the end of 2017Q4, valued at $58.79 million, up from 393,900 at the end of the previous reported quarter. Marcato Capital Management Lp who had been investing in Itron Inc for a number of months, seems to be bullish on the $2.35 billion market cap company. The stock increased 0.21% or $0.125 during the last trading session, reaching $59.975. About 7,719 shares traded. Itron, Inc. (NASDAQ:ITRI) has risen 12.04% since May 22, 2017 and is uptrending. It has outperformed by 0.49% the S&P500.

More news for Itron, Inc. (NASDAQ:ITRI) were recently published by: Seekingalpha.com, which released: “Itron reports Q1 revenue beat, margin drop” on May 14, 2018. Seekingalpha.com‘s article titled: “Itron, Inc. 2018 Q1 – Results – Earnings Call Slides” and published on May 15, 2018 is yet another important article.

Since December 11, 2017, it had 2 insider buys, and 7 insider sales for $2.08 million activity. Another trade for 2,160 shares valued at $151,000 was bought by SCOPIA CAPITAL MANAGEMENT LP. 924 Itron, Inc. (NASDAQ:ITRI) shares with value of $67,729 were sold by CADIEUX MICHEL. Shares for $148,030 were sold by GLANVILLE THOMAS S on Monday, March 5. 6,661 shares were sold by Votava Shannon M., worth $476,795 on Wednesday, February 28. 16,694 shares were sold by MEZEY PHILIP, worth $1.09 million.

Among 11 analysts covering Itron Inc. (NASDAQ:ITRI), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Itron Inc. had 39 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, October 13 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was maintained by Guggenheim with “Buy” on Wednesday, April 18. On Tuesday, January 12 the stock rating was initiated by Wedbush with “”. The stock of Itron, Inc. (NASDAQ:ITRI) has “Buy” rating given on Tuesday, September 12 by Argus Research. The rating was initiated by Oppenheimer on Friday, September 11 with “Perform”. The company was maintained on Thursday, June 1 by Canaccord Genuity. The stock of Itron, Inc. (NASDAQ:ITRI) earned “Hold” rating by Argus Research on Wednesday, November 29. The firm earned “Buy” rating on Tuesday, February 27 by Canaccord Genuity. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, July 26. The company was upgraded on Thursday, November 3 by Oppenheimer.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.14, from 1.05 in 2017Q3. It improved, as 36 investors sold ITRI shares while 61 reduced holdings. 44 funds opened positions while 71 raised stakes. 36.05 million shares or 1.74% more from 35.44 million shares in 2017Q3 were reported. Dubuque Bancorporation Company reported 7,186 shares or 0.07% of all its holdings. Ny State Common Retirement Fund owns 37,800 shares. Jane Street Gp Ltd Co accumulated 7,305 shares or 0% of the stock. Great West Life Assurance Can invested in 0.01% or 44,271 shares. Strs Ohio reported 17,000 shares or 0% of all its holdings. Citigroup owns 0% invested in Itron, Inc. (NASDAQ:ITRI) for 17,387 shares. Employees Retirement Sys Of Ohio stated it has 1,750 shares. Legal And General Grp Public Limited Company invested in 68,419 shares or 0% of the stock. Swiss State Bank holds 58,600 shares. Moreover, Us Financial Bank De has 0% invested in Itron, Inc. (NASDAQ:ITRI). Whittier Trust reported 25 shares or 0% of all its holdings. Bancshares Of Mellon Corp has invested 0.01% in Itron, Inc. (NASDAQ:ITRI). Gabelli Funds Limited Co accumulated 66,000 shares or 0.03% of the stock. Moreover, Glenmede Trust Company Na has 0% invested in Itron, Inc. (NASDAQ:ITRI). California State Teachers Retirement owns 53,892 shares or 0.01% of their US portfolio.

Since January 13, 2018, it had 3 insider buys, and 8 sales for $18.63 million activity. Scher Peter also sold $3.01 million worth of JPMorgan Chase & Co. (NYSE:JPM) on Friday, January 19. Another trade for 16,434 shares valued at $1.84 million was sold by BACON ASHLEY. $825,327 worth of stock was bought by CROWN JAMES S on Tuesday, January 16. The insider Erdoes Mary E. sold 65,101 shares worth $7.31M. The insider Petno Douglas B sold 48,344 shares worth $5.43M. Another trade for 9,194 shares valued at $1.03M was sold by Lake Marianne.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.03, from 0.91 in 2017Q3. It dropped, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. 28,396 were reported by Koshinski Asset Mgmt. Cincinnati Insur has 6.16% invested in JPMorgan Chase & Co. (NYSE:JPM) for 2.01M shares. Miracle Mile Ltd Liability Corporation has invested 0.16% in JPMorgan Chase & Co. (NYSE:JPM). Hamilton Point Investment Advsrs Lc reported 0.21% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Edge Wealth Ltd Llc reported 2.64% in JPMorgan Chase & Co. (NYSE:JPM). Holt Cap Advisors Ltd Dba Holt Cap LP reported 2,120 shares. 769,288 were reported by Becker Mngmt. Putnam Fl Inv Mgmt owns 85,774 shares. Capital Investment Advisors Llc reported 66,628 shares stake. X Management Limited Liability accumulated 38,197 shares. Jupiter Asset Mgmt Ltd accumulated 716,724 shares. Stillwater Inv Mngmt Lc reported 37,559 shares or 2.44% of all its holdings. Birmingham Capital Mngmt Inc Al reported 19,768 shares or 0.81% of all its holdings. Windward Cap Management Ca invested in 66,139 shares or 1.05% of the stock. Rhenman & Partners Asset Management holds 4,518 shares.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan doubles down on AI” on May 04, 2018, also Benzinga.com with their article: “JPMorgan, HSBC, Citigroup, Early Warning Execs Talk Fintech Collaboration” published on May 15, 2018, Benzinga.com published: “Benzinga’s Insider Buys Of The Week: JPMorgan, Philip Morris And More” on May 20, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan Going From Strength To Strength” published on May 14, 2018 as well as Nasdaq.com‘s news article titled: “Look Here for Safe High-Yield Investments and Guaranteed Returns” with publication date: May 21, 2018.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 EPS, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69 billion for 12.47 P/E if the $2.26 EPS becomes a reality. After $2.37 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

Itron, Inc. (NASDAQ:ITRI) Institutional Positions Chart

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