Markston International Position in Apple (AAPL) Has Decreased as Share Value Declined; Cabot Microelectronics Corpora (CCMP) Stock Rose While Ranger Investment Management LP Decreased Its Stake by $12.72 Million

May 18, 2018 - By Vivian Park

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Markston International Llc decreased its stake in Apple Inc. (AAPL) by 2.72% based on its latest 2017Q4 regulatory filing with the SEC. Markston International Llc sold 10,079 shares as the company’s stock declined 3.81% with the market. The institutional investor held 360,604 shares of the computer manufacturing company at the end of 2017Q4, valued at $61.03 million, down from 370,683 at the end of the previous reported quarter. Markston International Llc who had been investing in Apple Inc. for a number of months, seems to be less bullish one the $919.08 billion market cap company. The stock decreased 0.63% or $1.19 during the last trading session, reaching $186.99. About 15.62M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 18, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Ranger Investment Management Lp decreased its stake in Cabot Microelectronics Corpora (CCMP) by 39.32% based on its latest 2017Q4 regulatory filing with the SEC. Ranger Investment Management Lp sold 135,269 shares as the company’s stock rose 11.65% while stock markets declined. The institutional investor held 208,726 shares of the semiconductors company at the end of 2017Q4, valued at $19.64M, down from 343,995 at the end of the previous reported quarter. Ranger Investment Management Lp who had been investing in Cabot Microelectronics Corpora for a number of months, seems to be less bullish one the $2.91 billion market cap company. The stock increased 1.17% or $1.33 during the last trading session, reaching $115.45. About 119,379 shares traded. Cabot Microelectronics Corporation (NASDAQ:CCMP) has risen 44.35% since May 18, 2017 and is uptrending. It has outperformed by 32.80% the S&P500.

Investors sentiment increased to 1.12 in 2017 Q4. Its up 0.19, from 0.93 in 2017Q3. It is positive, as 13 investors sold CCMP shares while 79 reduced holdings. 34 funds opened positions while 69 raised stakes. 23.39 million shares or 0.41% less from 23.49 million shares in 2017Q3 were reported. 99,421 were reported by Clarivest Asset Ltd Limited Liability Company. Riverhead Mngmt owns 2,169 shares. California Public Employees Retirement Systems accumulated 73,512 shares or 0.01% of the stock. Eastern Savings Bank holds 0.12% or 18,806 shares in its portfolio. Tower Capital Llc (Trc) accumulated 0% or 391 shares. Aperio Grp Ltd Liability Corp has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). 4,467 were accumulated by Proshare Lc. Federated Invsts Inc Pa owns 57,598 shares for 0.02% of their portfolio. Grp Inc One Trading LP stated it has 630 shares. Art Advsr Ltd holds 0.1% in Cabot Microelectronics Corporation (NASDAQ:CCMP) or 22,901 shares. The New York-based Renaissance Technology Ltd has invested 0.1% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Wcm Ca owns 65,305 shares or 0.07% of their US portfolio. Eagle Asset Mngmt Inc holds 0.09% or 176,933 shares. Parametric Port Assocs Limited Com has invested 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Deutsche Bancorporation Ag holds 0.01% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 120,378 shares.

Since December 14, 2017, it had 0 insider purchases, and 8 sales for $7.56 million activity. On Friday, March 9 the insider HILL RICHARD sold $537,333. 17,000 shares were sold by NOGLOWS WILLIAM P, worth $1.68M on Wednesday, February 14. Li David H had sold 17,000 shares worth $1.74 million. The insider ROMAN THOMAS S sold 6,500 shares worth $703,056.

Analysts await Cabot Microelectronics Corporation (NASDAQ:CCMP) to report earnings on July, 26. They expect $1.21 earnings per share, up 49.38% or $0.40 from last year’s $0.81 per share. CCMP’s profit will be $30.51M for 23.85 P/E if the $1.21 EPS becomes a reality. After $1.19 actual earnings per share reported by Cabot Microelectronics Corporation for the previous quarter, Wall Street now forecasts 1.68% EPS growth.

More recent Cabot Microelectronics Corporation (NASDAQ:CCMP) news were published by: Globenewswire.com which released: “Cabot Microelectronics Corporation to Present at Barclays Electronic Chemicals Conference” on May 09, 2018. Also Nasdaq.com published the news titled: “Cabot Microelectronics Corporation Reports Record Revenue, Record Net Income, and Record EPS for Second …” on April 26, 2018. Benzinga.com‘s news article titled: “Earnings Preview For Cabot Microelectronics” with publication date: April 25, 2018 was also an interesting one.

Ranger Investment Management Lp, which manages about $2.16 billion and $1.36 billion US Long portfolio, upped its stake in Pegasystems Inc. (NASDAQ:PEGA) by 204,711 shares to 965,692 shares, valued at $45.53 million in 2017Q4, according to the filing. It also increased its holding in Knoll Inc. (NYSE:KNL) by 215,290 shares in the quarter, for a total of 1.30 million shares, and has risen its stake in Quaker Chemical (NYSE:KWR).

Among 6 analysts covering Cabot Microelectronics (NASDAQ:CCMP), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Cabot Microelectronics had 18 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Thursday, October 26. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Buy” rating by Needham on Thursday, January 25. As per Friday, March 17, the company rating was upgraded by Aegis Capital. The rating was maintained by Needham on Monday, September 18 with “Buy”. Needham maintained Cabot Microelectronics Corporation (NASDAQ:CCMP) on Thursday, October 19 with “Buy” rating. Seaport Global maintained the shares of CCMP in report on Monday, January 29 with “Buy” rating. As per Friday, January 26, the company rating was maintained by Loop Capital. Loop Capital maintained the shares of CCMP in report on Friday, October 27 with “Buy” rating. The rating was upgraded by Needham on Tuesday, June 27 to “Buy”. As per Thursday, February 11, the company rating was downgraded by Citigroup.

Markston International Llc, which manages about $1.63 billion and $968.17M US Long portfolio, upped its stake in Allergan Plc by 4,505 shares to 58,779 shares, valued at $9.62 million in 2017Q4, according to the filing.

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 $10.76 billion for 21.35 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.

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. C M Bidwell & Assocs has invested 0% in Apple Inc. (NASDAQ:AAPL). Alley Communications Limited Co has 2.27% invested in Apple Inc. (NASDAQ:AAPL). Private Wealth Limited Company accumulated 185,409 shares. Academy Capital Mgmt Tx owns 65,570 shares. Mitchell Management has invested 0.25% of its portfolio in Apple Inc. (NASDAQ:AAPL). Fagan Assocs invested in 70,636 shares. Hudock Group Inc Limited Liability invested 0.79% in Apple Inc. (NASDAQ:AAPL). University Of Notre Dame Du Lac invested in 41,722 shares or 1.47% of the stock. Indiana Invest Management Com reported 2.14% stake. Martin And Co Tn has invested 2.62% in Apple Inc. (NASDAQ:AAPL). Hightower Advsrs Limited Liability Co has 2.58% invested in Apple Inc. (NASDAQ:AAPL) for 1.86 million shares. Lincoln Natl has 141,541 shares. Moreover, American Fincl Group has 4.36% invested in Apple Inc. (NASDAQ:AAPL). Muhlenkamp And Inc holds 145,822 shares or 7.29% of its portfolio. Farmers Merchants Investments accumulated 1.91% or 154,942 shares.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 37 have Buy rating, 1 Sell and 18 Hold. Therefore 66% are positive. Apple Inc. had 414 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, January 19 by Bank of America. The firm has “Hold” rating given on Tuesday, November 14 by Wells Fargo. Cowen & Co maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, April 27. Cowen & Co has “Outperform” rating and $125 target. On Friday, June 9 the stock rating was maintained by Drexel Hamilton with “Buy”. As per Friday, December 11, the company rating was initiated by BMO Capital Markets. As per Friday, September 11, the company rating was maintained by Wells Fargo. The rating was maintained by Morgan Stanley on Wednesday, July 27 with “Overweight”. Maxim Group maintained the stock with “Buy” rating in Friday, February 2 report. The firm has “Buy” rating given on Friday, September 4 by Wells Fargo. Credit Suisse maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, July 27. Credit Suisse has “Outperform” rating and $150 target.

Cabot Microelectronics Corporation (NASDAQ:CCMP) Institutional Positions Chart

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