Lodge Hill Capital Has Cut Its Holding in Lincoln Elec Hldgs (LECO) by $14.12 Million; Contrarius Investment Management LTD Has Cut Its Holding in Apple (AAPL) as Valuation Declined

May 15, 2018 - By Michael Collier

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Clint Murray decreased its stake in Lincoln Elec Hldgs Inc (LECO) by 50.85% based on its latest 2017Q4 regulatory filing with the SEC. Lodge Hill Capital Llc sold 155,170 shares as the company’s stock declined 1.21% with the market. The hedge fund run by Clint Murray held 150,000 shares of the technology company at the end of 2017Q4, valued at $13.74M, down from 305,170 at the end of the previous reported quarter. Lodge Hill Capital Llc who had been investing in Lincoln Elec Hldgs Inc for a number of months, seems to be less bullish one the $5.78B market cap company. The stock increased 0.15% or $0.13 during the last trading session, reaching $88.1. About 193,886 shares traded. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has risen 5.26% since May 15, 2017 and is uptrending. It has underperformed by 6.29% the S&P500.

Contrarius Investment Management Ltd decreased its stake in Apple Inc (AAPL) by 54.41% based on its latest 2017Q4 regulatory filing with the SEC. Contrarius Investment Management Ltd sold 371,242 shares as the company’s stock declined 3.81% with the market. The institutional investor held 311,056 shares of the computer manufacturing company at the end of 2017Q4, valued at $52.64 million, down from 682,298 at the end of the previous reported quarter. Contrarius Investment Management Ltd who had been investing in Apple Inc for a number of months, seems to be less bullish one the $915.05 billion market cap company. The stock decreased 1.05% or $1.98 during the last trading session, reaching $186.17. About 20.47M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 15, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Investors sentiment increased to 1.6 in Q4 2017. Its up 0.04, from 1.56 in 2017Q3. It improved, as 15 investors sold LECO shares while 85 reduced holdings. 58 funds opened positions while 102 raised stakes. 42.53 million shares or 3.52% more from 41.08 million shares in 2017Q3 were reported. Evercore Wealth holds 0% or 700 shares in its portfolio. Sg Americas Securities Ltd Liability Company, New York-based fund reported 11,457 shares. Arrowstreet Partnership invested 0.01% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). 1.30 million were reported by Alecta Pensionsforsakring Omsesidigt. Whittier Trust Com Of Nevada, a Nevada-based fund reported 45 shares. Sei Invs reported 0.01% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Wells Fargo & Mn owns 126,775 shares. Moreover, Citigroup Inc has 0% invested in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 19,680 shares. Geode Cap Management Lc has 0.02% invested in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Adage Prtn Grp Incorporated Limited Liability Co accumulated 407,000 shares. M&T Financial Bank Corporation reported 21,609 shares. Aqr Ltd Com has invested 0% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Jefferies Gp Lc has 34,759 shares. Thrivent Fincl For Lutherans stated it has 65,287 shares. Bokf Na accumulated 0.01% or 3,606 shares.

More notable recent Lincoln Electric Holdings, Inc. (NASDAQ:LECO) news were published by: Globenewswire.com which released: “Lincoln Electric Announces May 2018 Events With the Financial Community” on April 30, 2018, also Prnewswire.com with their article: “Technical Snapshots for These Industrial Goods Stocks — Lincoln Electric, Snap-on, Toro, and Interface” published on May 08, 2018, Globenewswire.com published: “New Research: Key Drivers of Growth for Lincoln Electric, Cytosorbents, Materion, Fortune Brands Home & Security …” on May 04, 2018. More interesting news about Lincoln Electric Holdings, Inc. (NASDAQ:LECO) were released by: Globenewswire.com and their article: “Lincoln Electric Reports First Quarter 2018 Results” published on April 23, 2018 as well as Seekingalpha.com‘s news article titled: “Bright Lights On Capitalist Woodstock, Tech Developers And Sports Betting” with publication date: May 05, 2018.

Among 13 analysts covering Lincoln Electric (NASDAQ:LECO), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Lincoln Electric had 49 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, July 25 by Oppenheimer. The rating was upgraded by Stifel Nicolaus on Tuesday, January 16 to “Buy”. The firm earned “Buy” rating on Thursday, February 15 by FBR Capital. Stifel Nicolaus maintained it with “Hold” rating and $100.0 target in Sunday, October 15 report. On Friday, April 13 the stock rating was maintained by Robert W. Baird with “Hold”. The firm has “Buy” rating given on Wednesday, January 3 by Oppenheimer. Wunderlich maintained the shares of LECO in report on Wednesday, July 20 with “Buy” rating. As per Tuesday, March 13, the company rating was upgraded by KeyBanc Capital Markets. The company was maintained on Thursday, February 15 by Seaport Global. The rating was upgraded by Seaport Global to “Buy” on Wednesday, April 20.

Analysts await Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to report earnings on July, 24. They expect $1.22 earnings per share, up 25.77% or $0.25 from last year’s $0.97 per share. LECO’s profit will be $79.99 million for 18.05 P/E if the $1.22 EPS becomes a reality. After $1.10 actual earnings per share reported by Lincoln Electric Holdings, Inc. for the previous quarter, Wall Street now forecasts 10.91% EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Livetradingnews.com which released: “Apple Inc. (NASDAQ:AAPL) Stock Overbought” on May 15, 2018, also Seekingalpha.com with their article: “Apple’s Dividend: An Opportunity Wasted” published on May 15, 2018, Livetradingnews.com published: “Apple Inc. (NASDAQ:AAPL) Technicals Suggest Stock Overbought” on May 14, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Microsoft Corporation Replacing Surface Pro 4s in “Flickergate” Resolution” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “Apple – Still A Buy?” with publication date: May 14, 2018.

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Bluestein R H & has 520,040 shares for 4.57% of their portfolio. Burney has invested 3.12% of its portfolio in Apple Inc. (NASDAQ:AAPL). Brown Advisory holds 1.14% or 2.12M shares. Putnam Fl Inv Mngmt Company owns 3.83% invested in Apple Inc. (NASDAQ:AAPL) for 247,139 shares. Camarda Finance Advisors Limited Liability Company invested 3.29% of its portfolio in Apple Inc. (NASDAQ:AAPL). Violich Mgmt has invested 4.83% in Apple Inc. (NASDAQ:AAPL). Merriman Wealth Lc owns 30,877 shares. Grantham Mayo Van Otterloo reported 4.31% stake. Crestwood Advisors Grp Ltd Liability Corporation reported 3.31% of its portfolio in Apple Inc. (NASDAQ:AAPL). Inverness Counsel Ltd New York stated it has 1.79% in Apple Inc. (NASDAQ:AAPL). First Citizens Bank & Trust And Tru Company holds 2.1% in Apple Inc. (NASDAQ:AAPL) or 92,337 shares. Weatherly Asset Mngmt Ltd Partnership holds 5.86% or 143,145 shares. Hl Limited Company has 4.74% invested in Apple Inc. (NASDAQ:AAPL) for 1.45 million shares. The California-based Clarivest Asset Mngmt Ltd Liability Corporation has invested 4.42% in Apple Inc. (NASDAQ:AAPL). Trustco Comml Bank N Y accumulated 2.02% or 11,585 shares.

Contrarius Investment Management Ltd, which manages about $2.01 billion US Long portfolio, upped its stake in Vale S A (NYSE:VALE) by 3.97 million shares to 6.97 million shares, valued at $85.21M in 2017Q4, according to the filing. It also increased its holding in Warrior Met Coal Inc by 1.33 million shares in the quarter, for a total of 1.54M shares, and has risen its stake in Express Inc (NYSE:EXPR).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 earnings per share, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76B for 21.25 P/E if the $2.19 EPS becomes a reality. After $2.73 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Since December 7, 2017, it had 0 insider buys, and 8 selling transactions for $42.88 million activity. On Thursday, May 3 the insider AHRENDTS ANGELA J sold $6.75 million. The insider Riccio Daniel J. sold 15,641 shares worth $2.73M. SCHILLER PHILIP W had sold 69,491 shares worth $11.56M on Tuesday, April 3. Shares for $2.90 million were sold by WILLIAMS JEFFREY E. Maestri Luca had sold 39,122 shares worth $6.83M.

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