Telemark Asset Management Maintains Position in Heico New (HEI.A); As Euronet Worldwide (EEFT) Share Value Declined, Commerce Bank Increased Position by $946,608

June 14, 2018 - By Linda Rogers

HEICO Corporation (NYSE:HEI.A) Logo

Telemark Asset Management Llc increased its stake in Heico Corp New (HEI.A) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Telemark Asset Management Llc bought 20,000 shares as the company’s stock 0.00% . The hedge fund held 100,000 shares of the company at the end of 2018Q1, valued at $7.10M, up from 80,000 at the end of the previous reported quarter. Telemark Asset Management Llc who had been investing in Heico Corp New for a number of months, seems to be bullish on the $8.69B market cap company. The stock decreased 1.77% or $1.35 during the last trading session, reaching $74.8. About 82,848 shares traded. HEICO Corporation (NYSE:HEI.A) has risen 52.26% since June 14, 2017 and is uptrending. It has outperformed by 39.69% the S&P500.

Commerce Bank increased its stake in Euronet Worldwide Inc (EEFT) by 3.97% based on its latest 2018Q1 regulatory filing with the SEC. Commerce Bank bought 12,136 shares as the company’s stock declined 4.60% with the market. The institutional investor held 317,997 shares of the finance company at the end of 2018Q1, valued at $25.10 million, up from 305,861 at the end of the previous reported quarter. Commerce Bank who had been investing in Euronet Worldwide Inc for a number of months, seems to be bullish on the $4.37 billion market cap company. The stock decreased 0.32% or $0.27 during the last trading session, reaching $85.21. About 281,977 shares traded. Euronet Worldwide, Inc. (NASDAQ:EEFT) has declined 3.24% since June 14, 2017 and is downtrending. It has underperformed by 15.81% the S&P500. Some Historical EEFT News: 21/03/2018 – Euronet Closes Above 50-Day Moving Average: Technicals; 19/04/2018 – DJ Euronet Worldwide Inc, Inst Holders, 1Q 2018 (EEFT); 25/04/2018 – EURONET BUYS INNOVA TAX FREE GROUP, EXPANDS MERCHANT ACQUIRING; 07/05/2018 – Euronet Acquires Easycash And Expands Presence In Ireland; 15/05/2018 – Waddell & Reed Financial Inc. Exits Position in Euronet; 25/04/2018 – Euronet Acquires Innova Tax Free Group And Expands Its Merchant Acquiring Offering In Europe; 07/05/2018 – EURONET WORLDWIDE INC – ULSTER BANK TO CONTINUE TO OPERATE ITS OWN BRAND ESTATE OF ATMS; 10/04/2018 – EURONET INDIA TO POWER YES BANK’S CORE PAYMENT INFRASTRUCTURE; 24/04/2018 – Euronet Worldwide 1Q EPS 49c; 15/05/2018 – Capital Group Companies Buys New 1.8% Position in Euronet

Since February 1, 2018, it had 0 buys, and 5 selling transactions for $11.80 million activity. Shares for $4.99M were sold by Caponecchi Kevin J.

Among 11 analysts covering Euronet Worldwide (NASDAQ:EEFT), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Euronet Worldwide had 25 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) has “Buy” rating given on Wednesday, December 23 by Monness Crespi & Hardt. DA Davidson initiated the shares of EEFT in report on Wednesday, July 19 with “Buy” rating. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) earned “Buy” rating by SunTrust on Wednesday, October 12. Evercore initiated Euronet Worldwide, Inc. (NASDAQ:EEFT) rating on Tuesday, July 21. Evercore has “Buy” rating and $76 target. Piper Jaffray maintained the stock with “Buy” rating in Thursday, January 18 report. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) has “Market Outperform” rating given on Wednesday, April 27 by Avondale. Avondale upgraded Euronet Worldwide, Inc. (NASDAQ:EEFT) on Thursday, February 11 to “Market Perform” rating. Piper Jaffray maintained it with “Buy” rating and $10600 target in Tuesday, April 3 report. The firm has “Buy” rating given on Friday, March 16 by Piper Jaffray. The company was maintained on Wednesday, September 2 by Piper Jaffray.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.37, from 1.32 in 2017Q4. It is negative, as 42 investors sold EEFT shares while 88 reduced holdings. 40 funds opened positions while 83 raised stakes. 47.83 million shares or 1.61% less from 48.61 million shares in 2017Q4 were reported. Wasatch Advsrs invested in 1.11 million shares. Wells Fargo And Mn invested in 0.06% or 2.70M shares. Atlantic Grp Llc holds 0.11% in Euronet Worldwide, Inc. (NASDAQ:EEFT) or 326,594 shares. Raymond James Associates stated it has 8,046 shares or 0% of all its holdings. Aristotle Capital Boston Ltd Liability reported 1.6% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Bokf Na owns 0.01% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 5,454 shares. Fiera Capital owns 175,244 shares for 0.07% of their portfolio. Tiaa Cref Management Limited accumulated 337,652 shares. Copper Rock Partners Ltd Liability, a Massachusetts-based fund reported 268,159 shares. Art Advsr Ltd Limited Liability Company reported 25,100 shares or 0.08% of all its holdings. Qs Invsts Ltd Liability Co reported 0% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Gsa Llp holds 0.08% or 20,300 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 3,200 shares. Yorktown Mngmt And holds 0.09% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 3,800 shares. Atwood And Palmer reported 0% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT).

Commerce Bank, which manages about $7.58 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 3,450 shares to 238,222 shares, valued at $62.69 million in 2018Q1, according to the filing. It also reduced its holding in United Technologies Corp (NYSE:UTX) by 14,362 shares in the quarter, leaving it with 286,071 shares, and cut its stake in Cerner Corp (NASDAQ:CERN).

More news for Euronet Worldwide, Inc. (NASDAQ:EEFT) were recently published by: Livetradingnews.com, which released: “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations” on June 12, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Constellation Brands, Yintech Investment, EZCORP, Euronet Worldwide, Fidelity …” and published on May 31, 2018 is yet another important article.

More news for HEICO Corporation (NYSE:HEI.A) were recently published by: Businesswire.com, which released: “HEICO Corporation Reports Record Net Sales and Operating Income for the Second Quarter of Fiscal 2018; Full Fiscal …” on May 29, 2018. Seekingalpha.com‘s article titled: “HEICO declares a 5-for-4 stock split” and published on June 12, 2018 is yet another important article.

Telemark Asset Management Llc, which manages about $460.03 million and $685.43 million US Long portfolio, decreased its stake in Trimble Inc (NASDAQ:TRMB) by 150,000 shares to 400,000 shares, valued at $14.35 million in 2018Q1, according to the filing.

Euronet Worldwide, Inc. (NASDAQ:EEFT) Institutional Positions Chart

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