Adi Capital Management Increased Its Logmein (LOGM) Holding by $2.71 Million; Qep Resources (QEP) Holder Gallagher Fiduciary Advisors Decreased Its Stake as Share Price Declined

February 20, 2018 - By Steve Bissell

Adi Capital Management Llc increased its stake in Logmein Inc (LOGM) by 14.74% based on its latest 2017Q3 regulatory filing with the SEC. Adi Capital Management Llc bought 24,666 shares as the company’s stock rose 17.94% with the market. The institutional investor held 191,987 shares of the technology company at the end of 2017Q3, valued at $21.13 million, up from 167,321 at the end of the previous reported quarter. Adi Capital Management Llc who had been investing in Logmein Inc for a number of months, seems to be bullish on the $6.17B market cap company. The stock decreased 4.21% or $5.15 during the last trading session, reaching $117.3. About 620,506 shares traded or 13.02% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since February 20, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

Gallagher Fiduciary Advisors Llc decreased its stake in Qep Resources (QEP) by 9.28% based on its latest 2017Q3 regulatory filing with the SEC. Gallagher Fiduciary Advisors Llc sold 88,681 shares as the company’s stock declined 33.02% while stock markets rallied. The institutional investor held 866,467 shares of the energy company at the end of 2017Q3, valued at $7.43M, down from 955,148 at the end of the previous reported quarter. Gallagher Fiduciary Advisors Llc who had been investing in Qep Resources for a number of months, seems to be less bullish one the $2.13 billion market cap company. The stock increased 1.79% or $0.155 during the last trading session, reaching $8.835. About 2.56 million shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since February 20, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.

Since September 11, 2017, it had 0 insider buys, and 2 sales for $2.58 million activity. On Wednesday, September 13 Benson Steven J. sold $336,591 worth of LogMeIn, Inc. (NASDAQ:LOGM) or 3,016 shares.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It increased, as 33 investors sold LOGM shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported. 230,586 were reported by Loomis Sayles Lp. Adi Cap Management Limited Liability Company owns 10.43% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 191,987 shares. Blackrock Incorporated holds 4.32M shares or 0.02% of its portfolio. State Board Of Administration Of Florida Retirement reported 81,258 shares. Citadel Advsrs Lc owns 1.22 million shares. Massachusetts Commerce Ma has 0.06% invested in LogMeIn, Inc. (NASDAQ:LOGM). Whittier Of Nevada Incorporated invested in 308 shares or 0% of the stock. Clinton Gru Inc owns 4,305 shares. Perigon Wealth Mgmt Limited Liability Corporation holds 0% or 3 shares. Point72 Asset Mgmt Lp reported 546,518 shares. Credit Suisse Ag holds 0.01% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 63,778 shares. Brown Brothers Harriman And Company holds 0% or 20 shares in its portfolio. Trillium Asset Mngmt Ltd Liability Co reported 108,908 shares stake. Gideon Advsrs accumulated 3,895 shares. Ohio-based Victory Cap Mgmt has invested 0.3% in LogMeIn, Inc. (NASDAQ:LOGM).

Among 13 analysts covering LogMeIn (NASDAQ:LOGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. LogMeIn had 48 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Sunday, October 8 by RBC Capital Markets. On Friday, July 24 the stock rating was maintained by Northland Capital with “Outperform”. The firm earned “Buy” rating on Friday, February 16 by Needham. The rating was upgraded by KeyBanc Capital Markets on Friday, August 28 to “Overweight”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, February 12. The rating was maintained by Northland Capital on Thursday, July 27 with “Buy”. The stock of LogMeIn, Inc. (NASDAQ:LOGM) has “Hold” rating given on Friday, July 28 by Oppenheimer. JP Morgan upgraded LogMeIn, Inc. (NASDAQ:LOGM) on Wednesday, July 27 to “Overweight” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 23. RBC Capital Markets maintained it with “Buy” rating and $140.0 target in Sunday, September 3 report.

Among 25 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. QEP Resources had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Strong Buy” rating on Friday, April 29 by Raymond James. Wells Fargo upgraded the shares of QEP in report on Friday, February 10 to “Outperform” rating. On Tuesday, June 14 the stock rating was maintained by Deutsche Bank with “Buy”. PiperJaffray maintained the stock with “Overweight” rating in Monday, September 18 report. The company was initiated on Tuesday, April 12 by JP Morgan. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, July 18 report. The stock has “Buy” rating by BMO Capital Markets on Tuesday, November 14. Piper Jaffray maintained QEP Resources, Inc. (NYSE:QEP) rating on Tuesday, January 9. Piper Jaffray has “Buy” rating and $14.0 target. On Wednesday, December 23 the stock rating was initiated by Cantor Fitzgerald with “Buy”. The firm has “Outperform” rating by FBR Capital given on Tuesday, January 3.

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.07, from 1.3 in 2017Q2. It is negative, as 37 investors sold QEP shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported. Suntrust Banks has invested 0% in QEP Resources, Inc. (NYSE:QEP). Advisory Research holds 0% in QEP Resources, Inc. (NYSE:QEP) or 14,084 shares. Putnam Ltd Liability Corporation holds 0% in QEP Resources, Inc. (NYSE:QEP) or 138,400 shares. Smith Asset Management Grp Limited Partnership holds 0% or 2,480 shares. Passport Cap Limited Liability Corporation stated it has 512,684 shares or 1.21% of all its holdings. Wealthtrust reported 0.01% stake. Profund Advsrs Limited Liability Corp owns 33,795 shares. The Illinois-based Balyasny Asset Mgmt has invested 0% in QEP Resources, Inc. (NYSE:QEP). Caymus Prns LP stated it has 6.17M shares or 6.65% of all its holdings. Panagora Asset Management invested 0% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Comm Bancorp holds 10,135 shares. 246,829 are held by Aristotle Boston Llc. Gsa Capital Ptnrs Llp holds 0.02% or 30,842 shares in its portfolio. Bogle Invest LP De reported 0.58% in QEP Resources, Inc. (NYSE:QEP). Advsr Asset Mgmt reported 1,517 shares.

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By1 Steve Bissell

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