As Logmein (LOGM) Share Value Rose, Holder Fred Alger Management Trimmed Position; First Western Capital Management Company Has Lowered Stake in Xpo Logistics Com (XPO) by $411,957 as Stock Price Rose

April 24, 2018 - By Kurt Siggers

XPO Logistics, Inc. (NYSE:XPO) Logo

First Western Capital Management Company decreased its stake in Xpo Logistics Inc Com (XPO) by 50.17% based on its latest 2017Q4 regulatory filing with the SEC. First Western Capital Management Company sold 4,527 shares as the company’s stock rose 9.61% while stock markets declined. The hedge fund held 4,497 shares of the consumer services company at the end of 2017Q4, valued at $412,000, down from 9,024 at the end of the previous reported quarter. First Western Capital Management Company who had been investing in Xpo Logistics Inc Com for a number of months, seems to be less bullish one the $12.55B market cap company. The stock decreased 0.40% or $0.42 during the last trading session, reaching $104.02. About 1.04 million shares traded. XPO Logistics, Inc. (NYSE:XPO) has risen 113.78% since April 24, 2017 and is uptrending. It has outperformed by 102.23% the S&P500.

Fred Alger Management Inc decreased its stake in Logmein Inc (LOGM) by 53.43% based on its latest 2017Q4 regulatory filing with the SEC. Fred Alger Management Inc sold 19,806 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 17,265 shares of the technology company at the end of 2017Q4, valued at $1.98 million, down from 37,071 at the end of the previous reported quarter. Fred Alger Management Inc who had been investing in Logmein Inc for a number of months, seems to be less bullish one the $6.15 billion market cap company. The stock decreased 1.47% or $1.75 during the last trading session, reaching $117.45. About 425,577 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 20.98% since April 24, 2017 and is uptrending. It has outperformed by 9.43% the S&P500.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.26, from 1.33 in 2017Q3. It fall, as 44 investors sold LOGM shares while 110 reduced holdings. 53 funds opened positions while 112 raised stakes. 51.12 million shares or 0.18% more from 51.03 million shares in 2017Q3 were reported. Price T Rowe Md invested 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). 9,865 were reported by Brinker Incorporated. Crow Point Prtn Ltd Liability Company stated it has 0.01% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Sg Americas Secs Lc holds 18,065 shares. Natl Bank Of Montreal Can has 14,564 shares for 0% of their portfolio. Contravisory Inv Mgmt holds 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 4 shares. Prudential Finance reported 35,359 shares stake. Cipher Cap LP accumulated 28,069 shares or 0.26% of the stock. Nomura Hldgs has 6,277 shares. California Public Employees Retirement Systems reported 114,953 shares. Blue Harbour Group Lp invested 1.67% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Zacks Mngmt accumulated 0.03% or 11,338 shares. Strs Ohio holds 0.06% in LogMeIn, Inc. (NASDAQ:LOGM) or 112,500 shares. Renaissance Limited Liability holds 218,670 shares. Commonwealth Natl Bank Of holds 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 2 shares.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on April, 26 after the close. They expect $0.92 earnings per share, up 48.39% or $0.30 from last year’s $0.62 per share. LOGM’s profit will be $48.15 million for 31.92 P/E if the $0.92 EPS becomes a reality. After $0.97 actual earnings per share reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -5.15% negative EPS growth.

Fred Alger Management Inc, which manages about $21.12B and $22.15 billion US Long portfolio, upped its stake in Performance Food Group Co. by 40,828 shares to 586,898 shares, valued at $19.43M in 2017Q4, according to the filing. It also increased its holding in Crown Castle International Cor (NYSE:CCI) by 50,027 shares in the quarter, for a total of 1.35M shares, and has risen its stake in End Investm.

Among 14 analysts covering LogMeIn (NASDAQ:LOGM), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. LogMeIn had 50 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, February 3 by RBC Capital Markets. The firm has “Neutral” rating by Robert W. Baird given on Thursday, December 8. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, October 8 report. The stock of LogMeIn, Inc. (NASDAQ:LOGM) has “Sector Weight” rating given on Wednesday, July 27 by Pacific Crest. RBC Capital Markets maintained LogMeIn, Inc. (NASDAQ:LOGM) rating on Friday, February 16. RBC Capital Markets has “Buy” rating and $145.0 target. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Buy” rating by Cowen & Co on Thursday, August 31. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. The firm earned “Buy” rating on Friday, July 28 by Cowen & Co. Northland Capital maintained it with “Outperform” rating and $85 target in Friday, July 24 report. Pacific Crest upgraded it to “Overweight” rating and $82 target in Friday, August 28 report.

Investors sentiment decreased to 1.42 in Q4 2017. Its down 0.41, from 1.83 in 2017Q3. It dropped, as 43 investors sold XPO shares while 95 reduced holdings. 84 funds opened positions while 112 raised stakes. 98.73 million shares or 2.06% more from 96.74 million shares in 2017Q3 were reported. Alabama-based Regions Financial has invested 0% in XPO Logistics, Inc. (NYSE:XPO). World Asset Mngmt Inc holds 0.01% or 4,644 shares in its portfolio. Dupont Cap reported 0.02% stake. Price Michael F holds 2.08% of its portfolio in XPO Logistics, Inc. (NYSE:XPO) for 183,000 shares. Loomis Sayles Company Ltd Partnership holds 0.03% or 145,367 shares. Alliancebernstein Lp holds 85,080 shares or 0.01% of its portfolio. Steinberg Asset Mngmt Ltd holds 69,900 shares or 2.7% of its portfolio. Sg Capital Mgmt Llc accumulated 191,723 shares. Morgan Stanley invested 0.02% in XPO Logistics, Inc. (NYSE:XPO). Georgia-based Invesco Limited has invested 0% in XPO Logistics, Inc. (NYSE:XPO). Northern Tru Corporation stated it has 0.01% of its portfolio in XPO Logistics, Inc. (NYSE:XPO). Asset Mgmt One holds 298,588 shares or 0.06% of its portfolio. Benjamin F Edwards & Inc invested in 0.02% or 1,875 shares. Axiom Limited Liability Company De holds 0.36% or 156,190 shares. Castleark Management Ltd Liability Com reported 478,400 shares stake.

LogMeIn, Inc. (NASDAQ:LOGM) Institutional Positions Chart

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