As Qualcomm Com (QCOM) Market Value Declined, Peoples Financial Services Upped Stake by $313,500; As Hain Celestial Group (HAIN) Stock Value Declined, Shareholder Litespeed Management Decreased Position

June 14, 2018 - By Kurt Siggers

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Jamie Zimmerman decreased its stake in Hain Celestial Group Inc. (HAIN) by 69.94% based on its latest 2018Q1 regulatory filing with the SEC. Litespeed Management Llc sold 465,282 shares as the company’s stock declined 25.31% with the market. The hedge fund run by Jamie Zimmerman held 200,000 shares of the consumer non-durables company at the end of 2018Q1, valued at $6.41M, down from 665,282 at the end of the previous reported quarter. Litespeed Management Llc who had been investing in Hain Celestial Group Inc. for a number of months, seems to be less bullish one the $3.05B market cap company. The stock decreased 0.88% or $0.25 during the last trading session, reaching $28.1. About 502,669 shares traded. The Hain Celestial Group, Inc. (NASDAQ:HAIN) has declined 27.22% since June 14, 2017 and is downtrending. It has underperformed by 39.79% the S&P500. Some Historical HAIN News: 08/05/2018 – Hain Celestial Expects to Complete Divestiture of Hain Pure Protein During 1H of Fiscal 2019; 09/05/2018 – Hain Celestial Presenting at Bank of Montreal Conference May 16; 08/05/2018 – Hain Celestial Sees FY18 Adj EPS $1.11-Adj EPS $1.18; 08/05/2018 – Pain From Toys `R’ Us Liquidation Spreads to Hain Celestial; 08/05/2018 – HAIN SEES YR ADJ. EPS $1.11-$1.18, MAY NOT COMPARE TO EST; 24/04/2018 – Alba Botanica® Do Good, Do Beautiful Grant Program Announces Winners; 08/05/2018 – Hain Celestial at BMO Farm to Market Conference May 16; 08/05/2018 – HAIN CELESTIAL GROUP – QTRLY ADJ EPS FROM CONTINUING OPERATIONS $0.37; 08/03/2018 Hain Celestial Features 75 Exciting New Products at Expo West 2018; 08/05/2018 – HAIN CELESTIAL 3Q ADJ EPS 37C, EST. 47C

Peoples Financial Services Corp increased its stake in Qualcomm Inc Com (QCOM) by 497.38% based on its latest 2018Q1 regulatory filing with the SEC. Peoples Financial Services Corp bought 5,700 shares as the company’s stock declined 10.48% with the market. The institutional investor held 6,846 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $380,000, up from 1,146 at the end of the previous reported quarter. Peoples Financial Services Corp who had been investing in Qualcomm Inc Com for a number of months, seems to be bullish on the $88.02 billion market cap company. The stock increased 0.25% or $0.15 during the last trading session, reaching $59.37. About 3.93 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 14, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 12/03/2018 – US says it confirmed national security concerns over Broadcom’s Qualcomm deal; 18/03/2018 – Ex-Qualcomm chief aims to build investor support for bid; 20/03/2018 – lnnovium to Showcase TERALYNX™ 12.8T Switch Silicon Along With a Range of Switch System Solutions and SONiC/SAI Support at the OCP U.S. Summit 2018 in San Jose, California; 08/03/2018 – Broadcom Bid for Qualcomm Is Likely to Face Longer U.S. Review; 14/05/2018 – York Adds Hartford Financial, Exits Qualcomm: 13F; 16/03/2018 – Qualcomm Director Paul Jacobs Will Not Be Re-Nominated to Qualcomm Board; 18/04/2018 – Qualcomm Cutting Jobs to Live Up to Promise of Slashing Costs; 14/05/2018 – Trump defends intervention to help China telecom company ZTE; 09/03/2018 – RPT-EXCLUSIVE-U.S. has ordered Broadcom to give notice of steps to redomicile; 05/03/2018 – U.S. Republican senator backs review of Broadcom’s Qualcomm bid

Peoples Financial Services Corp, which manages about $174.85M US Long portfolio, decreased its stake in Community Bank System Inc (NYSE:CBU) by 11,251 shares to 10,600 shares, valued at $568,000 in 2018Q1, according to the filing.

Since January 9, 2018, it had 0 insider purchases, and 9 insider sales for $7.68 million activity. Shares for $78,989 were sold by ROGERS ALEXANDER H. THOMPSON JAMES H sold $3.14M worth of stock. $2.81 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by GROB MATTHEW S. AMON CRISTIANO R had sold 16,082 shares worth $852,989 on Tuesday, May 8.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Fool.com which released: “Broadcom’s Reputation Took an Unfair Hit During Qualcomm Saga” on June 12, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” published on June 12, 2018, Seekingalpha.com published: “Qualcomm: China Boost” on May 29, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Microsoft Corporation and Cloud Kings Become Chip Giants” published on June 13, 2018 as well as Fool.com‘s news article titled: “Better Buy: Qualcomm Inc. vs. Corning Inc.” with publication date: June 12, 2018.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.05, from 0.83 in 2017Q4. It fall, as 104 investors sold QCOM shares while 500 reduced holdings. 100 funds opened positions while 370 raised stakes. 1.11 billion shares or 0.11% less from 1.11 billion shares in 2017Q4 were reported. Smithfield Company holds 0.01% or 2,044 shares in its portfolio. State Of New Jersey Common Pension Fund D holds 1.78 million shares or 0.38% of its portfolio. Old Dominion Inc owns 14,261 shares for 0.74% of their portfolio. 9.25M were reported by Ameriprise. Tiverton Asset Mngmt, a Delaware-based fund reported 26,436 shares. First Amer National Bank & Trust invested in 0.11% or 25,537 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 0.22% or 100,363 shares. Institute For Wealth Llc reported 32,879 shares. Proffitt & Goodson reported 0.43% stake. Johnson Fincl Group accumulated 3,577 shares. Westpac, a Australia-based fund reported 95,528 shares. Boys Arnold Co owns 23,840 shares for 0.18% of their portfolio. Primecap Company Ca holds 0.9% or 21.61M shares. Jnba Fin Advisors holds 15,767 shares or 0.18% of its portfolio. Adirondack Tru Com accumulated 9,647 shares or 0.35% of the stock.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 157 analyst reports since July 23, 2015 according to SRatingsIntel. Morgan Stanley upgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, July 27 to “Overweight” rating. The firm has “Positive” rating given on Wednesday, January 13 by Susquehanna. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Monday, August 24 by Standpoint Research. Cowen & Co maintained the shares of QCOM in report on Thursday, July 21 with “Outperform” rating. The company was maintained on Thursday, July 23 by Brean Capital. Nomura downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, November 9 to “Neutral” rating. Northland Capital maintained the shares of QCOM in report on Wednesday, September 6 with “Hold” rating. Topeka Capital Markets maintained the stock with “Hold” rating in Thursday, January 28 report. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 21. The firm has “Neutral” rating by Citigroup given on Friday, November 3.

Among 31 analysts covering Hain Celestial Group (NASDAQ:HAIN), 12 have Buy rating, 2 Sell and 17 Hold. Therefore 39% are positive. Hain Celestial Group had 95 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was initiated by UBS with “Buy” on Wednesday, February 24. On Friday, February 17 the stock rating was downgraded by Argus Research to “Hold”. The stock of The Hain Celestial Group, Inc. (NASDAQ:HAIN) earned “Market Perform” rating by Bernstein on Friday, October 6. BMO Capital Markets maintained The Hain Celestial Group, Inc. (NASDAQ:HAIN) rating on Tuesday, June 13. BMO Capital Markets has “Buy” rating and $4500 target. The firm earned “Buy” rating on Tuesday, June 20 by Susquehanna. The rating was maintained by Oppenheimer with “Hold” on Thursday, June 22. Canaccord Genuity maintained the shares of HAIN in report on Tuesday, January 12 with “Buy” rating. The rating was initiated by Atlantic Securities with “Neutral” on Thursday, April 7. Bernstein upgraded The Hain Celestial Group, Inc. (NASDAQ:HAIN) on Wednesday, November 8 to “Outperform” rating. As per Friday, July 24, the company rating was initiated by Maxim Group.

Analysts await The Hain Celestial Group, Inc. (NASDAQ:HAIN) to report earnings on September, 4. They expect $0.26 EPS, down 39.53% or $0.17 from last year’s $0.43 per share. HAIN’s profit will be $28.18 million for 27.02 P/E if the $0.26 EPS becomes a reality. After $0.37 actual EPS reported by The Hain Celestial Group, Inc. for the previous quarter, Wall Street now forecasts -29.73% negative EPS growth.

Investors sentiment decreased to 1.04 in 2018 Q1. Its down 0.07, from 1.11 in 2017Q4. It fall, as 38 investors sold HAIN shares while 101 reduced holdings. 49 funds opened positions while 96 raised stakes. 94.04 million shares or 4.03% more from 90.39 million shares in 2017Q4 were reported. Renaissance Tech Ltd Limited Liability Company has invested 0.01% in The Hain Celestial Group, Inc. (NASDAQ:HAIN). New Jersey Better Educational Savings Trust holds 0.64% or 18,000 shares. Serv Automobile Association accumulated 0% or 16,146 shares. Amalgamated Bank & Trust reported 0.02% stake. Envestnet Asset Inc owns 46,578 shares or 0% of their US portfolio. Jpmorgan Chase And, a New York-based fund reported 88,308 shares. Raymond James And Associate accumulated 27,899 shares. Connor Clark And Lunn Invest Mngmt holds 0.05% or 269,500 shares in its portfolio. Lapides Asset Mgmt Limited Co reported 0.42% in The Hain Celestial Group, Inc. (NASDAQ:HAIN). Moreover, Whittier Tru Of Nevada Inc has 0% invested in The Hain Celestial Group, Inc. (NASDAQ:HAIN) for 1,350 shares. Pictet Asset Mngmt owns 0.02% invested in The Hain Celestial Group, Inc. (NASDAQ:HAIN) for 231,565 shares. Waddell & Reed Inc accumulated 1.28 million shares. Gamco Et Al has 350,250 shares. Private Ocean Llc holds 0.01% in The Hain Celestial Group, Inc. (NASDAQ:HAIN) or 600 shares. Indexiq Advisors Lc reported 20,114 shares stake.

Litespeed Management Llc, which manages about $2.36 billion and $58.81M US Long portfolio, upped its stake in Ew Scripps Co. (NYSE:SSP) by 239,909 shares to 418,529 shares, valued at $5.02M in 2018Q1, according to the filing.

Since February 28, 2018, it had 1 insider buy, and 0 insider sales for $49.02 million activity.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) Institutional Positions Chart

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