Brown & Brown (Call) (BRO) Shareholder Centaur Capital Partners LP Has Cut Holding; As Deckers Outdoor (DECK) Valuation Rose, Shareholder First Midwest Bank Trust Division Cut Its Holding by $503,440

April 19, 2018 - By Steve Bissell

Deckers Outdoor Corporation (NYSE:DECK) Logo

Zeke Ashton decreased its stake in Brown & Brown Inc (Call) (BRO) by 21.88% based on its latest 2017Q4 regulatory filing with the SEC. Centaur Capital Partners Lp sold 7,000 shares as the company’s stock declined 1.08% with the market. The hedge fund run by Zeke Ashton held 25,000 shares of the finance company at the end of 2017Q4, valued at $1.29 million, down from 32,000 at the end of the previous reported quarter. Centaur Capital Partners Lp who had been investing in Brown & Brown Inc (Call) for a number of months, seems to be less bullish one the $7.26B market cap company. The stock increased 0.11% or $0.03 during the last trading session, reaching $26.28. About 123,941 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 18.96% since April 19, 2017 and is uptrending. It has outperformed by 7.41% the S&P500.

First Midwest Bank Trust Division decreased its stake in Deckers Outdoor Corp (DECK) by 49.87% based on its latest 2017Q4 regulatory filing with the SEC. First Midwest Bank Trust Division sold 6,293 shares as the company’s stock rose 15.18% while stock markets declined. The institutional investor held 6,327 shares of the shoe manufacturing company at the end of 2017Q4, valued at $508,000, down from 12,620 at the end of the previous reported quarter. First Midwest Bank Trust Division who had been investing in Deckers Outdoor Corp for a number of months, seems to be less bullish one the $2.96B market cap company. The stock decreased 0.76% or $0.71 during the last trading session, reaching $93.28. About 69,167 shares traded. Deckers Outdoor Corporation (NYSE:DECK) has risen 61.55% since April 19, 2017 and is uptrending. It has outperformed by 50.00% the S&P500.

Investors sentiment decreased to 1.2 in 2017 Q4. Its down 0.13, from 1.33 in 2017Q3. It dived, as 24 investors sold DECK shares while 76 reduced holdings. 47 funds opened positions while 73 raised stakes. 33.56 million shares or 5.60% more from 31.78 million shares in 2017Q3 were reported. Falcon Point Cap Ltd Co reported 144,532 shares. Hightower Advsr Ltd Liability Co holds 0% or 3,644 shares. West Coast Fincl Limited Liability invested 1.66% of its portfolio in Deckers Outdoor Corporation (NYSE:DECK). Dreman Value Mngmt L L C has 573 shares. Envestnet Asset Management Incorporated owns 2,117 shares. Peak6 Invests Lp holds 14,499 shares or 0.01% of its portfolio. Texas Permanent School Fund owns 21,605 shares. Principal Financial Group holds 0.02% of its portfolio in Deckers Outdoor Corporation (NYSE:DECK) for 260,997 shares. 100,000 are held by Moore Management Lp. Blackrock owns 3.36M shares. First Republic Management accumulated 4,666 shares or 0% of the stock. 2,126 were accumulated by Contravisory Investment Management. Hsbc Public Limited Company owns 17,210 shares. Assetmark has 0% invested in Deckers Outdoor Corporation (NYSE:DECK). Lord Abbett And Limited Liability Company holds 95,000 shares or 0.02% of its portfolio.

First Midwest Bank Trust Division, which manages about $801.21 million US Long portfolio, upped its stake in Grainger W W Inc (NYSE:GWW) by 2,890 shares to 6,190 shares, valued at $1.46M in 2017Q4, according to the filing. It also increased its holding in Vanguard Intl Equity Index F (VWO) by 10,171 shares in the quarter, for a total of 111,324 shares, and has risen its stake in Synaptics Inc (NASDAQ:SYNA).

Analysts await Deckers Outdoor Corporation (NYSE:DECK) to report earnings on May, 24. They expect $0.18 earnings per share, up 63.64% or $0.07 from last year’s $0.11 per share. DECK’s profit will be $5.72 million for 129.56 P/E if the $0.18 EPS becomes a reality. After $4.97 actual earnings per share reported by Deckers Outdoor Corporation for the previous quarter, Wall Street now forecasts -96.38% negative EPS growth.

Among 24 analysts covering Deckers Outdoor (NYSE:DECK), 6 have Buy rating, 3 Sell and 15 Hold. Therefore 25% are positive. Deckers Outdoor had 90 analyst reports since July 31, 2015 according to SRatingsIntel. Robert W. Baird maintained Deckers Outdoor Corporation (NYSE:DECK) rating on Friday, September 1. Robert W. Baird has “Hold” rating and $67.0 target. Tigress Financial downgraded Deckers Outdoor Corporation (NYSE:DECK) on Tuesday, June 7 to “Buy” rating. Telsey Advisory Group upgraded the shares of DECK in report on Monday, August 15 to “Outperform” rating. Stifel Nicolaus maintained Deckers Outdoor Corporation (NYSE:DECK) rating on Friday, February 2. Stifel Nicolaus has “Buy” rating and $107.0 target. The stock of Deckers Outdoor Corporation (NYSE:DECK) has “Buy” rating given on Friday, October 27 by Jefferies. Canaccord Genuity maintained the shares of DECK in report on Friday, May 26 with “Buy” rating. The rating was maintained by Canaccord Genuity with “Buy” on Friday, February 3. The rating was maintained by Canaccord Genuity with “Buy” on Monday, January 29. The stock has “Neutral” rating by Buckingham Research on Friday, May 27. The company was downgraded on Thursday, October 13 by Susquehanna.

Since February 2, 2018, it had 0 insider buys, and 8 selling transactions for $3.78 million activity. Powers David had sold 2,500 shares worth $238,778 on Wednesday, February 7. Lafitte David E. sold $55,756 worth of Deckers Outdoor Corporation (NYSE:DECK) on Monday, April 9. On Tuesday, February 6 the insider Barsa Karyn Odette sold $101,448. The insider GEORGE THOMAS sold $712,289. The insider O’Donnell Andrea sold $208,456.

Analysts await Brown & Brown, Inc. (NYSE:BRO) to report earnings on April, 23 after the close. They expect $0.30 earnings per share, up 36.36% or $0.08 from last year’s $0.22 per share. BRO’s profit will be $82.84 million for 21.90 P/E if the $0.30 EPS becomes a reality. After $0.23 actual earnings per share reported by Brown & Brown, Inc. for the previous quarter, Wall Street now forecasts 30.43% EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.18, from 1.16 in 2017Q3. It turned negative, as 18 investors sold BRO shares while 91 reduced holdings. 38 funds opened positions while 69 raised stakes. 97.17 million shares or 2.33% less from 99.49 million shares in 2017Q3 were reported. Pacad Investment Ltd invested in 0.02% or 1,700 shares. Richard Bernstein Advisors Limited Liability Company invested in 0.02% or 7,794 shares. 23,733 were reported by Dekabank Deutsche Girozentrale. Advisory Serv Network Lc owns 15,303 shares for 0.07% of their portfolio. Smithfield Trust holds 1,780 shares or 0.01% of its portfolio. Fuller Thaler Asset Management invested in 1,300 shares or 0% of the stock. Schroder Invest Mngmt Group reported 1.57M shares or 0.13% of all its holdings. Victory Mgmt invested 0.34% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Moreover, Bancorp Of America De has 0% invested in Brown & Brown, Inc. (NYSE:BRO) for 250,476 shares. Aperio Ltd holds 0.01% or 19,112 shares. Quantitative Systematic Strategies Limited Liability Corporation accumulated 35,005 shares or 0.46% of the stock. American Century Companies reported 0.07% stake. The Massachusetts-based Ngam Advisors Lp has invested 0.06% in Brown & Brown, Inc. (NYSE:BRO). Credit Suisse Ag reported 138,539 shares. Cubist Systematic Strategies Limited Liability Corporation has 22,961 shares for 0.06% of their portfolio.

Brown & Brown, Inc. (NYSE:BRO) Institutional Positions Chart

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By1 Steve Bissell

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