As Rayonier Advanced Matls (RYAM) Market Value Rose, Holder Archer Capital Management LP Has Lowered by $21.34 Million Its Holding; Coherent (COHR) Holder Braun Stacey Associates Trimmed Position by $3.97 Million

April 22, 2018 - By Linda Rogers

Rayonier Advanced Materials Inc. (NYSE:RYAM) Logo

Eric Edidin decreased its stake in Rayonier Advanced Matls Inc (RYAM) by 65.65% based on its latest 2017Q4 regulatory filing with the SEC. Archer Capital Management Lp sold 1.07 million shares as the company’s stock rose 5.81% while stock markets declined. The hedge fund run by Eric Edidin held 558,391 shares of the major chemicals company at the end of 2017Q4, valued at $11.42M, down from 1.63M at the end of the previous reported quarter. Archer Capital Management Lp who had been investing in Rayonier Advanced Matls Inc for a number of months, seems to be less bullish one the $1.14 billion market cap company. The stock increased 0.64% or $0.14 during the last trading session, reaching $22.07. About 1.31M shares traded or 38.89% up from the average. Rayonier Advanced Materials Inc. (NYSE:RYAM) has risen 69.18% since April 22, 2017 and is uptrending. It has outperformed by 57.63% the S&P500.

Braun Stacey Associates Inc decreased its stake in Coherent Inc (COHR) by 23.46% based on its latest 2017Q4 regulatory filing with the SEC. Braun Stacey Associates Inc sold 14,088 shares as the company’s stock declined 35.76% with the market. The institutional investor held 45,973 shares of the capital goods company at the end of 2017Q4, valued at $12.97M, down from 60,061 at the end of the previous reported quarter. Braun Stacey Associates Inc who had been investing in Coherent Inc for a number of months, seems to be less bullish one the $4.31B market cap company. The stock decreased 0.97% or $1.7 during the last trading session, reaching $173.66. About 245,477 shares traded. Coherent, Inc. (NASDAQ:COHR) has declined 7.45% since April 22, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 29 analyst reports since August 3, 2015 according to SRatingsIntel. As per Tuesday, January 3, the company rating was maintained by Stifel Nicolaus. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Friday, January 29 by Needham. The company was initiated on Wednesday, February 15 by Susquehanna. The stock has “Buy” rating by Longbow on Monday, June 12. The firm has “Positive” rating given on Thursday, August 3 by Susquehanna. Susquehanna maintained the stock with “Buy” rating in Thursday, February 8 report. Longbow maintained Coherent, Inc. (NASDAQ:COHR) on Wednesday, June 28 with “Buy” rating. The rating was maintained by Needham with “Buy” on Thursday, November 3. Benchmark maintained Coherent, Inc. (NASDAQ:COHR) on Monday, June 12 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $310 target in Thursday, February 8 report.

Since January 4, 2018, it had 0 buys, and 2 insider sales for $517,735 activity. Sechrist Paul F had sold 1,372 shares worth $411,600.

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.01, from 1.03 in 2017Q3. It fall, as 43 investors sold COHR shares while 111 reduced holdings. 60 funds opened positions while 97 raised stakes. 22.70 million shares or 2.26% less from 23.23 million shares in 2017Q3 were reported. Tiaa Cref Invest Management Ltd has 0.03% invested in Coherent, Inc. (NASDAQ:COHR). Fifth Third Bancorp has invested 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Mason Street Llc has invested 0.08% in Coherent, Inc. (NASDAQ:COHR). Dimensional Fund Advisors LP holds 0.05% in Coherent, Inc. (NASDAQ:COHR) or 428,736 shares. 1,533 were accumulated by Laurion Capital Management Lp. Dupont Cap Mgmt Corporation stated it has 1,298 shares or 0.01% of all its holdings. Nordea Invest Management owns 8,843 shares or 0.01% of their US portfolio. Huntington Natl Bank stated it has 85 shares. Clinton Gp, a New York-based fund reported 3,422 shares. Systematic Financial Management LP holds 0.47% or 82,951 shares. Creative Planning has 0% invested in Coherent, Inc. (NASDAQ:COHR). Prudential Fin Incorporated owns 16,946 shares for 0.01% of their portfolio. Hanseatic Svcs owns 880 shares. Victory Capital Mngmt has invested 0.03% in Coherent, Inc. (NASDAQ:COHR). 1832 Asset Mngmt Limited Partnership invested 0% in Coherent, Inc. (NASDAQ:COHR).

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on May, 8. They expect $3.52 earnings per share, up 29.89% or $0.81 from last year’s $2.71 per share. COHR’s profit will be $87.38M for 12.33 P/E if the $3.52 EPS becomes a reality. After $3.54 actual earnings per share reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts -0.56% negative EPS growth.

Braun Stacey Associates Inc, which manages about $3.55B and $1.49B US Long portfolio, upped its stake in Burlington Stores Inc Com (NYSE:BURL) by 8,610 shares to 138,790 shares, valued at $17.08M in 2017Q4, according to the filing. It also increased its holding in Honeywell Intl Inc Com (NYSE:HON) by 5,540 shares in the quarter, for a total of 82,737 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Analysts await Rayonier Advanced Materials Inc. (NYSE:RYAM) to report earnings on May, 7. They expect $0.43 earnings per share, up 186.67% or $0.28 from last year’s $0.15 per share. RYAM’s profit will be $22.29 million for 12.83 P/E if the $0.43 EPS becomes a reality. After $0.50 actual earnings per share reported by Rayonier Advanced Materials Inc. for the previous quarter, Wall Street now forecasts -14.00% negative EPS growth.

Coherent, Inc. (NASDAQ:COHR) Institutional Positions Chart

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By1 Linda Rogers

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