Marathon Asset Management Llp Has Cut Its Analog Devices (ADI) Stake; Armstrong World Industries, Inc. (AWI) Had 5 Bulls

December 7, 2017 - By Maria Brooks

Marathon Asset Management Llp decreased Analog Devices Inc (ADI) stake by 20.33% reported in 2017Q2 SEC filing. Marathon Asset Management Llp sold 160,990 shares as Analog Devices Inc (ADI)’s stock declined

1.50%. The Marathon Asset Management Llp holds 630,727 shares with $49.07M value, down from 791,717 last quarter. Analog Devices Inc now has $31.49 billion valuation. The stock increased 0.68% or $0.58 during the last trading session, reaching $85.41. About 2.81 million shares traded or 15.79% up from the average. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since December 7, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.

Among 15 analysts covering Armstrong World Industries (NYSE:AWI), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Armstrong World Industries had 31 analyst reports since July 31, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 5 report. Zelman downgraded Armstrong World Industries, Inc. (NYSE:AWI) on Tuesday, November 1 to “Hold” rating. Deutsche Bank maintained Armstrong World Industries, Inc. (NYSE:AWI) rating on Wednesday, August 2. Deutsche Bank has “Buy” rating and $53 target. The firm earned “Neutral” rating on Friday, October 20 by Citigroup. Goldman Sachs initiated Armstrong World Industries, Inc. (NYSE:AWI) rating on Tuesday, October 6. Goldman Sachs has “Neutral” rating and $55 target. The stock of Armstrong World Industries, Inc. (NYSE:AWI) earned “Outperform” rating by Macquarie Research on Friday, October 23. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Thursday, January 5 report. RBC Capital Markets maintained Armstrong World Industries, Inc. (NYSE:AWI) on Monday, October 9 with “Hold” rating. The company was maintained on Tuesday, November 14 by RBC Capital Markets. The rating was reinitiated by Macquarie Research on Friday, December 16 with “Neutral”. See Armstrong World Industries, Inc. (NYSE:AWI) latest ratings:

22/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $58.0 Maintain
21/11/2017 Broker: Nomura Rating: Buy New Target: $65.0
14/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $55.0 Maintain
27/10/2017 Broker: SunTrust Rating: Buy New Target: $53.0 Maintain
24/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
20/10/2017 Broker: Citigroup Rating: Neutral Old Target: $52 New Target: $58 Maintain
09/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $50.0 Maintain
19/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
28/08/2017 Broker: RBC Capital Markets Rating: Hold New Target: $50.0 Maintain
02/08/2017 Broker: Deutsche Bank Rating: Buy Old Target: $52 New Target: $53 Maintain

Investors sentiment decreased to 1.14 in Q2 2017. Its down 1.62, from 2.76 in 2017Q1. It dived, as 66 investors sold ADI shares while 222 reduced holdings. 79 funds opened positions while 248 raised stakes. 313.75 million shares or 0.35% less from 314.84 million shares in 2017Q1 were reported. Tiaa Cref Invest Mngmt Limited Liability Co invested in 0.06% or 1.02M shares. Sva Plumb Wealth Ltd stated it has 0.19% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Geode Cap Management Limited Co owns 0.12% invested in Analog Devices, Inc. (NASDAQ:ADI) for 3.78 million shares. Twin Capital Management invested 0.33% in Analog Devices, Inc. (NASDAQ:ADI). Pnc Financial Grp Incorporated has 0.09% invested in Analog Devices, Inc. (NASDAQ:ADI) for 1.10 million shares. Regions Financial Corp owns 0.1% invested in Analog Devices, Inc. (NASDAQ:ADI) for 108,009 shares. Citadel Limited Co has invested 0.05% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Mufg Americas Holdg Corp holds 0.52% or 208,064 shares in its portfolio. 60,506 are owned by Jane Street Grp Incorporated Lc. Cambridge Investment Advsr reported 0.01% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Keybank Association Oh invested 0.01% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Security National owns 103 shares or 0% of their US portfolio. Naples Glob Advsr Lc holds 0.88% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 31,735 shares. Liberty Mutual Group Asset Mgmt Inc holds 22,973 shares. Jpmorgan Chase And has invested 0.29% in Analog Devices, Inc. (NASDAQ:ADI).

Among 29 analysts covering Analog Devices (NASDAQ:ADI), 18 have Buy rating, 0 Sell and 11 Hold. Therefore 62% are positive. Analog Devices had 108 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 19. The company was maintained on Monday, September 25 by Stifel Nicolaus. The rating was downgraded by Raymond James on Tuesday, April 19 to “Outperform”. The company was maintained on Wednesday, August 19 by UBS. The rating was maintained by SunTrust with “Buy” on Tuesday, November 21. Citigroup maintained the stock with “Neutral” rating in Thursday, August 18 report. On Monday, November 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Wednesday, November 22 by Morgan Stanley. The stock has “Buy” rating by Jefferies on Thursday, October 19. The rating was maintained by Maxim Group with “Neutral” on Wednesday, August 19.

Marathon Asset Management Llp increased Dolby Laboratories Inc (NYSE:DLB) stake by 327,901 shares to 566,381 valued at $27.73 million in 2017Q2. It also upped Chubb Ltd stake by 11,098 shares and now owns 475,867 shares. Accenture Plc (NYSE:ACN) was raised too.

Armstrong World Industries, Inc. designs, makes, and sells ceiling systems for use primarily in the construction and renovation of residential, commercial, and institutional buildings worldwide. The company has market cap of $3.06 billion. The firm produces suspended fiber and metal ceiling systems, and complementary ceiling products, as well as acoustical ceiling, wall, and structural solutions; and sells suspension system products. It has a 21.19 P/E ratio. It sells its commercial ceiling materials and accessories to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, including large home centers.

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