Arcadia Investment Management Decreased Cognex (CGNX) Position; Resolute Forest Products Inc. (TSE:RFP) Covered By 1 Bullish Analysts Last Week

February 21, 2018 - By wolcottdaily

Arcadia Investment Management Corp decreased Cognex Corp (CGNX) stake by 23.97% reported in 2017Q3 SEC filing. Arcadia Investment Management Corp sold 5,405 shares as Cognex Corp (CGNX)’s stock rose 18.92%. The Arcadia Investment Management Corp holds 17,148 shares with $1.89 million value, down from 22,553 last quarter. Cognex Corp now has $9.80 billion valuation. The stock increased 1.20% or $0.67 during the last trading session, reaching $56.44. About 3.75M shares traded or 91.84% up from the average. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since February 21, 2017 and is uptrending. It has outperformed by 114.30% the S&P500.

Among 4 analysts covering Resolute Forest Products (TSE:RFP), 1 have Buy rating, 2 Sell and 1 Hold. Therefore 25% are positive. Resolute Forest Products had 9 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Reduce” rating by TD Securities given on Friday, February 3. Scotia Capital maintained Resolute Forest Products Inc. (TSE:RFP) on Friday, February 3 with “Underperform” rating. The stock of Resolute Forest Products Inc. (TSE:RFP) earned “Sector Perform” rating by RBC Capital Markets on Friday, February 3. The rating was maintained by RBC Capital Markets on Tuesday, November 17 with “Sector Perform”. The stock of Resolute Forest Products Inc. (TSE:RFP) has “Reduce” rating given on Friday, May 5 by TD Securities. See Resolute Forest Products Inc. (TSE:RFP) latest ratings:

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. Cognex Corporation had 38 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Tuesday, February 13 with “Buy”. On Wednesday, May 11 the stock rating was initiated by FBR Capital with “Market Perform”. The rating was maintained by Needham with “Buy” on Tuesday, November 1. The stock of Cognex Corporation (NASDAQ:CGNX) has “Underperform” rating given on Tuesday, August 2 by CLSA. Canaccord Genuity maintained it with “Buy” rating and $45 target in Friday, April 1 report. The stock has “Buy” rating by Needham on Friday, February 17. CLSA upgraded Cognex Corporation (NASDAQ:CGNX) on Monday, November 7 to “Outperform” rating. On Friday, September 18 the stock rating was initiated by Nomura with “Buy”. The rating was upgraded by Canaccord Genuity on Wednesday, November 18 to “Buy”. As per Thursday, February 15, the company rating was maintained by Canaccord Genuity.

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.28, from 1.33 in 2017Q2. It dived, as 23 investors sold CGNX shares while 135 reduced holdings. 55 funds opened positions while 111 raised stakes. 72.84 million shares or 2.02% less from 74.34 million shares in 2017Q2 were reported. Oregon Pub Employees Retirement Fund invested in 31,943 shares. Private Advisor Grp Limited Com has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). The Massachusetts-based De Burlo Grp Inc has invested 2.98% in Cognex Corporation (NASDAQ:CGNX). One Association holds 0.08% or 10,160 shares in its portfolio. 6,279 are held by First Republic Mgmt Incorporated. Retirement Of Alabama holds 0.08% or 134,202 shares in its portfolio. Amp Cap Investors reported 51,633 shares or 0.03% of all its holdings. 30,069 were accumulated by Secor Cap Advsr L P. Welch Forbes Ltd Liability holds 0.74% or 254,547 shares. Chatham Capital Group Incorporated Inc reported 0.58% stake. Financial Bank Of Mellon Corporation holds 1.28M shares or 0.04% of its portfolio. 124,168 were accumulated by Parametric Port Ltd Liability. Royal State Bank Of Canada reported 43,378 shares. Voloridge Invest Ltd Liability Corporation reported 133,408 shares stake. Moreover, Temasek (Private) Limited has 0.01% invested in Cognex Corporation (NASDAQ:CGNX).

Arcadia Investment Management Corp increased Spdr Ser Tr (SJNK) stake by 19,150 shares to 40,850 valued at $1.14M in 2017Q3. It also upped Vanguard Intl Equity Index F (VWO) stake by 8,711 shares and now owns 35,724 shares. Thermo Fisher Scientific Inc (NYSE:TMO) was raised too.

Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on May, 7. They expect $0.23 EPS, up 35.29% or $0.06 from last year’s $0.17 per share. CGNX’s profit will be $39.92M for 61.35 P/E if the $0.23 EPS becomes a reality. After $0.30 actual EPS reported by Cognex Corporation for the previous quarter, Wall Street now forecasts -23.33% negative EPS growth.

Since August 25, 2017, it had 0 insider purchases, and 2 sales for $1.30 million activity. Willett Robert sold $849,597 worth of stock or 8,241 shares. On Tuesday, September 5 the insider J BRUCE ROBINSON sold $745,529. On Tuesday, September 12 ALIAS PATRICK sold $556,565 worth of Cognex Corporation (NASDAQ:CGNX) or 5,000 shares.

The stock decreased 0.10% or $0.01 during the last trading session, reaching $10.29. About 11,600 shares traded. Resolute Forest Products Inc. (TSE:RFP) has 0.00% since February 21, 2017 and is . It has underperformed by 16.70% the S&P500.

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