Wellington Management Group Llp Trimmed By $59.09 Million Its Middleby (MIDD) Stake; Weatherford International LTD (WFT)’s Sentiment Is 0.79

March 14, 2018 - By Linda Rogers

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service firm worldwide. The company has market cap of $2.70 billion. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. It currently has negative earnings. The firm operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs.

Wellington Management Group Llp decreased Middleby Corp (MIDD) stake by 10.47% reported in 2017Q3 SEC filing. Wellington Management Group Llp sold 461,635 shares as Middleby Corp (MIDD)’s stock declined 6.89%. The Wellington Management Group Llp holds 3.95M shares with $506.03 million value, down from 4.41 million last quarter. Middleby Corp now has $7.32B valuation. The stock decreased 1.35% or $1.8 during the last trading session, reaching $131.33. About 567,323 shares traded or 3.89% up from the average. The Middleby Corporation (NASDAQ:MIDD) has risen 8.18% since March 14, 2017 and is uptrending. It has underperformed by 8.52% the S&P500.

Analysts await The Middleby Corporation (NASDAQ:MIDD) to report earnings on May, 8. They expect $1.38 earnings per share, up 9.52% or $0.12 from last year’s $1.26 per share. MIDD’s profit will be $76.91 million for 23.79 P/E if the $1.38 EPS becomes a reality. After $1.48 actual earnings per share reported by The Middleby Corporation for the previous quarter, Wall Street now forecasts -6.76% negative EPS growth.

Investors sentiment increased to 0.92 in Q3 2017. Its up 0.12, from 0.8 in 2017Q2. It improved, as 51 investors sold MIDD shares while 109 reduced holdings. 32 funds opened positions while 96 raised stakes. 51.63 million shares or 0.01% more from 51.63 million shares in 2017Q2 were reported. Loomis Sayles And Lp owns 55,116 shares for 0.02% of their portfolio. Creative Planning holds 0% of its portfolio in The Middleby Corporation (NASDAQ:MIDD) for 4,481 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma invested in 0% or 7 shares. Td Asset Mngmt reported 24,652 shares stake. Endurance Wealth Mgmt accumulated 0.02% or 801 shares. Axa owns 16,305 shares for 0.01% of their portfolio. Northern Corporation reported 0.01% of its portfolio in The Middleby Corporation (NASDAQ:MIDD). Carnegie Cap Asset Mgmt Limited Liability Co reported 15,412 shares. Price T Rowe Assoc Inc Md holds 0.08% in The Middleby Corporation (NASDAQ:MIDD) or 3.57M shares. The Tennessee-based Ftb Advsr has invested 0% in The Middleby Corporation (NASDAQ:MIDD). Disciplined Growth Invsts Mn holds 1.63M shares. Walleye Trading Limited Liability Company holds 483 shares or 0% of its portfolio. Fifth Third Bank reported 362 shares. Boston Family Office Ltd Liability Corporation invested in 1.25% or 85,649 shares. Winfield Assoc has invested 0% in The Middleby Corporation (NASDAQ:MIDD).

Wellington Management Group Llp increased Vipshop Hldgs Ltd (NYSE:VIPS) stake by 615,322 shares to 3.79M valued at $33.34 million in 2017Q3. It also upped Brinks Co (NYSE:BCO) stake by 340,375 shares and now owns 1.61 million shares. Marvell Technology Group Ltd (NASDAQ:MRVL) was raised too.

Among 9 analysts covering Middleby (NASDAQ:MIDD), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Middleby had 21 analyst reports since November 12, 2015 according to SRatingsIntel. The stock of The Middleby Corporation (NASDAQ:MIDD) has “Sector Weight” rating given on Monday, October 16 by KeyBanc Capital Markets. KeyBanc Capital Markets initiated The Middleby Corporation (NASDAQ:MIDD) rating on Tuesday, February 14. KeyBanc Capital Markets has “Overweight” rating and $157 target. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, March 6. The company was maintained on Tuesday, January 30 by Citigroup. The stock has “Buy” rating by Susquehanna on Thursday, March 1. On Wednesday, January 13 the stock rating was upgraded by Macquarie Research to “Outperform”. The stock has “Neutral” rating by Citigroup on Friday, November 10. The stock of The Middleby Corporation (NASDAQ:MIDD) earned “Hold” rating by Deutsche Bank on Wednesday, September 7. BMO Capital Markets maintained The Middleby Corporation (NASDAQ:MIDD) rating on Thursday, August 10. BMO Capital Markets has “Buy” rating and $15000 target. The rating was maintained by Robert W. Baird on Wednesday, February 28 with “Buy”.

Since November 16, 2017, it had 1 insider purchase, and 1 insider sale for $1.06 million activity. Ziyad Nassem bought $237,000 worth of stock. LINDSAY MARTIN M sold $1.30M worth of The Middleby Corporation (NASDAQ:MIDD) on Friday, December 15.

Schneider Capital Management Corp holds 4.8% of its portfolio in Weatherford International plc for 5.82 million shares. Mitchell Group Inc owns 4.58 million shares or 3.31% of their US portfolio. Moreover, Covalent Partners Llc has 2.94% invested in the company for 946,304 shares. The Texas-based Tph Asset Management Llc has invested 2.78% in the stock. Poplar Forest Capital Llc, a California-based fund reported 6.57 million shares.

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: