Cannell Capital Maintains Position in Liberty Tax (TAX); As Pulte Group (PHM) Share Price Rose, Goelzer Investment Management Trimmed Its Position by $1.57 Million

June 14, 2018 - By Vivian Currie

Liberty Tax, Inc. (NASDAQ:TAX) Logo

Goelzer Investment Management Inc decreased its stake in Pulte Group Inc (PHM) by 15.71% based on its latest 2018Q1 regulatory filing with the SEC. Goelzer Investment Management Inc sold 54,169 shares as the company’s stock rose 3.85% while stock markets declined. The institutional investor held 290,736 shares of the capital goods company at the end of 2018Q1, valued at $8.57M, down from 344,905 at the end of the previous reported quarter. Goelzer Investment Management Inc who had been investing in Pulte Group Inc for a number of months, seems to be less bullish one the $8.80 billion market cap company. The stock increased 0.18% or $0.055 during the last trading session, reaching $30.835. About 3.66M shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 33.11% since June 14, 2017 and is uptrending. It has outperformed by 20.54% the S&P500. Some Historical PHM News: 07/03/2018 – PulteGroup Announces Passing of Company Founder William “Bill” Pulte; 15/03/2018 – PulteGroup Promotes Michelle Hairston to Senior Vice Pres, Human Re; 19/04/2018 – DJ PulteGroup Inc, Inst Holders, 1Q 2018 (PHM); 24/04/2018 – PULTEGROUP INC – QTRLY HOME SALE REVENUES GAINED 21% TO $1.9 BLN; 16/05/2018 – PulteGroup CDS Widens 16 Bps, Most in 13 Months; 26/04/2018 – PULTEGROUP INC PHM.N : JP MORGAN RAISES TARGET PRICE TO $40 FROM $39; 07/03/2018 PULTEGROUP FOUNDER WILLIAM J. PULTE PASSED AWAY AT AGE 85; 15/05/2018 – PulteGroup’s (PHM) Management at J.P. Morgan Homebuilding and Building Products Conference (Transcript); 24/04/2018 – PULTEGROUP 1Q EPS 59C; 02/04/2018 – PulteGroup Closes Below 200-Day Moving Average: Technicals

J. Carlo Cannell increased its stake in Liberty Tax Inc (TAX) by 21.86% based on its latest 2018Q1 regulatory filing with the SEC. Cannell Capital Llc bought 172,030 shares as the company’s stock rose 25.08% while stock markets declined. The hedge fund run by J. Carlo Cannell held 958,890 shares of the miscellaneous company at the end of 2018Q1, valued at $9.69M, up from 786,860 at the end of the previous reported quarter. Cannell Capital Llc who had been investing in Liberty Tax Inc for a number of months, seems to be bullish on the $114.99 million market cap company. The stock decreased 6.55% or $0.57 during the last trading session, reaching $8.2. About 190,066 shares traded or 231.18% up from the average. Liberty Tax, Inc. (NASDAQ:TAX) has declined 30.30% since June 14, 2017 and is downtrending. It has underperformed by 42.87% the S&P500. Some Historical TAX News: 04/04/2018 – Cannell Capital Takes Stake in Liberty Tax: 13D Filing; 16/03/2018 – STEVEN IBBOTSON REPORTS 24.4 PCT PASSIVE STAKE IN LIBERTY TAX INC AS OF DEC 31, 2017 – SEC FILING; 22/03/2018 – Liberty Tax Offers Free Tax Preparation for Toys “R” Us Employees; 24/04/2018 – Liberty Tax Short-Interest Ratio Rises 137% to 16 Days; 12/03/2018 LIBERTY TAX INC FILES FOR NON TIMELY 10-Q – SEC FILING; 16/03/2018 – Liberty Tax Receives Notice of Second Delinquent Form 10-Q Filing from Nasdaq and Receives Extension of Time to Cure Delinquen; 04/04/2018 – LIBERTY TAX HOLDER CANNELL MAY ENGAGE IN DISCUSSIONS WITH CO; 10/05/2018 – Tieton Capital Management Exits Position in Liberty Tax; 26/04/2018 – Rutabaga Capital Management LLC Exits Position in Liberty Tax; 15/05/2018 – LIBERTY TAX SAYS ON MAY 9, NICHOLAS BATES, CFO PROVIDED NOTICE OF HIS RESIGNATION – SEC FILING

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.28, from 1.01 in 2017Q4. It worsened, as 48 investors sold PHM shares while 193 reduced holdings. 48 funds opened positions while 127 raised stakes. 234.12 million shares or 1.16% less from 236.87 million shares in 2017Q4 were reported. Century has invested 0.09% in PulteGroup, Inc. (NYSE:PHM). State Common Retirement Fund reported 1.26 million shares stake. Estabrook Mgmt, a New York-based fund reported 5,775 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.07% in PulteGroup, Inc. (NYSE:PHM). Canada Pension Plan Invest Board reported 1.41M shares. Moreover, Comerica Secs has 0.22% invested in PulteGroup, Inc. (NYSE:PHM). Wellington Management Grp Inc Llp invested in 0.03% or 3.83M shares. 1,507 are held by Gradient Ltd Liability. Stifel Corporation holds 64,627 shares. Moreover, Ledyard Fincl Bank has 0.01% invested in PulteGroup, Inc. (NYSE:PHM). Sg Americas Ltd Liability Corp invested in 0.03% or 129,272 shares. Fiera Cap Corporation has invested 0.26% in PulteGroup, Inc. (NYSE:PHM). Kentucky Retirement System has invested 0.03% in PulteGroup, Inc. (NYSE:PHM). Partners Mgmt Limited Com has 1.97% invested in PulteGroup, Inc. (NYSE:PHM) for 221,101 shares. Federated Investors Pa has 0.04% invested in PulteGroup, Inc. (NYSE:PHM).

More recent PulteGroup, Inc. (NYSE:PHM) news were published by: Seekingalpha.com which released: “Opinion: Stock Market Investors Could Hardly Ask For Better Conditions” on June 14, 2018. Also Nasdaq.com published the news titled: “Investor Expectations to Drive Momentum within Edison International, Capital One Financial, CF Industries, Moody’s …” on June 12, 2018. Seekingalpha.com‘s news article titled: “Homebuilders end the week up after report shows home prices increase” with publication date: June 08, 2018 was also an interesting one.

Goelzer Investment Management Inc, which manages about $1.05 billion and $834.89 million US Long portfolio, upped its stake in Ishares Tr (IJK) by 3,780 shares to 28,175 shares, valued at $6.15 million in 2018Q1, according to the filing. It also increased its holding in Ulta Beauty Inc (NASDAQ:ULTA) by 2,147 shares in the quarter, for a total of 7,340 shares, and has risen its stake in Oracle Corp (NYSE:ORCL).

Since February 21, 2018, it had 1 insider purchase, and 4 selling transactions for $2.25 million activity. OLEARY PATRICK J sold $260,607 worth of stock. Hawaux Andre J bought 3,100 shares worth $97,061. SMITH HARMON D sold 51,716 shares worth $1.62 million.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on July, 24. They expect $0.74 EPS, up 57.45% or $0.27 from last year’s $0.47 per share. PHM’s profit will be $211.28 million for 10.42 P/E if the $0.74 EPS becomes a reality. After $0.59 actual EPS reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 25.42% EPS growth.

Among 22 analysts covering PulteGroup (NYSE:PHM), 11 have Buy rating, 2 Sell and 9 Hold. Therefore 50% are positive. PulteGroup had 76 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of PulteGroup, Inc. (NYSE:PHM) has “Hold” rating given on Tuesday, August 22 by KeyBanc Capital Markets. The rating was upgraded by JP Morgan on Wednesday, January 13 to “Overweight”. RBC Capital Markets maintained the shares of PHM in report on Thursday, July 13 with “Buy” rating. Susquehanna maintained PulteGroup, Inc. (NYSE:PHM) rating on Tuesday, April 24. Susquehanna has “Hold” rating and $3400 target. The stock has “Buy” rating by Mizuho on Thursday, January 18. Wells Fargo initiated PulteGroup, Inc. (NYSE:PHM) on Thursday, September 29 with “Market Perform” rating. JP Morgan downgraded PulteGroup, Inc. (NYSE:PHM) rating on Tuesday, April 5. JP Morgan has “Neutral” rating and $18 target. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Overweight” rating by Barclays Capital on Friday, January 6. Raymond James upgraded PulteGroup, Inc. (NYSE:PHM) on Friday, January 8 to “Outperform” rating. Mizuho upgraded the shares of PHM in report on Wednesday, October 25 to “Neutral” rating.

More news for Liberty Tax, Inc. (NASDAQ:TAX) were recently published by: Benzinga.com, which released: “30 Stocks Moving In Friday’s Mid-Day Session” on June 08, 2018. Benzinga.com‘s article titled: “36 Biggest Movers From Friday” and published on June 11, 2018 is yet another important article.

Investors sentiment decreased to 1.08 in Q1 2018. Its down 1.36, from 2.44 in 2017Q4. It is negative, as 10 investors sold TAX shares while 16 reduced holdings. 10 funds opened positions while 18 raised stakes. 6.08 million shares or 0.14% more from 6.08 million shares in 2017Q4 were reported. Renaissance Tech Ltd Liability Corporation has invested 0% in Liberty Tax, Inc. (NASDAQ:TAX). Ameritas Investment accumulated 395 shares. Jpmorgan Chase &, a New York-based fund reported 1,380 shares. Grp Inc owns 4,383 shares. Macquarie Grp Inc owns 52,650 shares or 0% of their US portfolio. 120,000 were reported by Bridgeway Mngmt. Vanguard Group Inc reported 374,853 shares. Barclays Pcl holds 0% or 1,422 shares. Citigroup reported 3,967 shares or 0% of all its holdings. Tower Cap Limited Liability Corporation (Trc) invested 0% of its portfolio in Liberty Tax, Inc. (NASDAQ:TAX). Gsa Capital Prns Ltd Liability Partnership reported 0.01% of its portfolio in Liberty Tax, Inc. (NASDAQ:TAX). 268 are owned by State Bank Of Montreal Can. 3,360 are held by Acadian Asset Management Llc. Martingale Asset Mngmt Lp has 0.01% invested in Liberty Tax, Inc. (NASDAQ:TAX) for 66,832 shares. Bank & Trust Of Mellon Corp owns 0% invested in Liberty Tax, Inc. (NASDAQ:TAX) for 167,954 shares.

Cannell Capital Llc, which manages about $347.86 million and $311.17 million US Long portfolio, decreased its stake in Exterran Corp by 44,074 shares to 335,033 shares, valued at $8.95M in 2018Q1, according to the filing. It also reduced its holding in Ring Energy Inc (NYSEMKT:REI) by 332,579 shares in the quarter, leaving it with 1.53M shares, and cut its stake in Health Ins Innovations Inc (NASDAQ:HIIQ).

Among 2 analysts covering Liberty Tax (NASDAQ:TAX), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Liberty Tax had 2 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Liberty Tax, Inc. (NASDAQ:TAX) has “Hold” rating given on Tuesday, September 1 by Zacks. As per Tuesday, February 20, the company rating was downgraded by Barrington Research.

PulteGroup, Inc. (NYSE:PHM) Institutional Positions Chart

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