Mercer Capital Advisers Cut United Technologies (UTX) Position by $381,000 as Share Price Declined; As New Oriental Ed & Tech Grp I (EDU) Share Price Declined, Jericho Capital Asset Management LP Increased Its Position

April 26, 2018 - By Linda Rogers

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Mercer Capital Advisers Inc decreased its stake in United Technologies Corp (UTX) by 67.31% based on its latest 2017Q4 regulatory filing with the SEC. Mercer Capital Advisers Inc sold 3,000 shares as the company’s stock declined 1.53% with the market. The institutional investor held 1,457 shares of the aerospace company at the end of 2017Q4, valued at $186,000, down from 4,457 at the end of the previous reported quarter. Mercer Capital Advisers Inc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $98.26B market cap company. The stock increased 1.12% or $1.36 during the last trading session, reaching $122.81. About 3.29 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 26, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Josh Resnick increased its stake in New Oriental Ed & Tech Grp I (EDU) by 245.74% based on its latest 2017Q4 regulatory filing with the SEC. Jericho Capital Asset Management Lp bought 828,128 shares as the company’s stock declined 4.38% with the market. The hedge fund run by Josh Resnick held 1.17M shares of the consumer services company at the end of 2017Q4, valued at $109.52M, up from 337,000 at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in New Oriental Ed & Tech Grp I for a number of months, seems to be bullish on the $14.28B market cap company. The stock increased 2.07% or $1.83 during the last trading session, reaching $90.3. About 1.74M shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 50.87% since April 26, 2017 and is uptrending. It has outperformed by 39.32% the S&P500.

Among 12 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. New Oriental Education & Technology Group had 36 analyst reports since September 9, 2015 according to SRatingsIntel. TH Capital maintained it with “Buy” rating and $34 target in Monday, January 18 report. The rating was maintained by Jefferies on Sunday, August 27 with “Buy”. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) earned “Buy” rating by Jefferies on Wednesday, October 21. The stock has “Buy” rating by Benchmark on Wednesday, July 26. Jefferies maintained New Oriental Education & Technology Group Inc. (NYSE:EDU) on Wednesday, October 25 with “Buy” rating. On Thursday, February 4 the stock rating was upgraded by Mizuho to “Buy”. TH Capital maintained New Oriental Education & Technology Group Inc. (NYSE:EDU) on Friday, January 15 with “Buy” rating. On Monday, March 5 the stock rating was upgraded by J.P. Morgan to “Hold”. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) earned “Outperform” rating by Macquarie Research on Friday, October 30. The firm earned “Neutral” rating on Thursday, July 21 by Nomura.

Jericho Capital Asset Management Lp, which manages about $3.07 billion and $1.92 billion US Long portfolio, decreased its stake in Yandex N V (NASDAQ:YNDX) by 1.18M shares to 1.72M shares, valued at $56.28M in 2017Q4, according to the filing. It also reduced its holding in Marvell Technology Group Ltd (NASDAQ:MRVL) by 1.87 million shares in the quarter, leaving it with 2.68M shares, and cut its stake in Red Hat Inc (NYSE:RHT).

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.13, from 1.05 in 2017Q3. It fall, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. Mngmt Va has invested 0.19% of its portfolio in United Technologies Corporation (NYSE:UTX). 3,322 were accumulated by Janney Ltd Liability Corporation. Advantus Capital Mgmt Inc stated it has 74,845 shares. Covington Mngmt has invested 0.41% in United Technologies Corporation (NYSE:UTX). Moreover, New England Research Mgmt Inc has 0.89% invested in United Technologies Corporation (NYSE:UTX) for 9,748 shares. First Republic Management, California-based fund reported 815,376 shares. 12,116 were accumulated by Tiemann Advsr Limited Liability Company. Adirondack Trust holds 20,757 shares. Quantitative Investment Limited Liability Com invested in 0.6% or 320,400 shares. Charter Tru stated it has 27,762 shares. Ally Financial reported 1.11% of its portfolio in United Technologies Corporation (NYSE:UTX). Rockefeller Svcs Inc invested 0.07% in United Technologies Corporation (NYSE:UTX). Blackrock Inc reported 46.85M shares. Evercore Wealth Mngmt Limited Company has 67,942 shares. Bain Capital Equity Ltd Liability Corporation reported 51,472 shares stake.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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