Citigroup Has Lowered Its Holding in Interdigital (Put) (IDCC) by $854,100; Hoertkorn Richard Charles Has Trimmed Boeing Co (BA) Position as Stock Rose

February 15, 2018 - By Dolores Ford

Hoertkorn Richard Charles decreased its stake in Boeing Co (BA) by 7.16% based on its latest 2017Q3 regulatory filing with the SEC. Hoertkorn Richard Charles sold 1,625 shares as the company’s stock rose 4.66% with the market. The institutional investor held 21,075 shares of the aerospace company at the end of 2017Q3, valued at $5.36 million, down from 22,700 at the end of the previous reported quarter. Hoertkorn Richard Charles who had been investing in Boeing Co for a number of months, seems to be less bullish one the $208.42B market cap company. The stock increased 2.33% or $8.0201 during the last trading session, reaching $352.8701. About 1.97 million shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since February 15, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Citigroup Inc decreased its stake in Interdigital Inc (Put) (IDCC) by 75% based on its latest 2017Q3 regulatory filing with the SEC. Citigroup Inc sold 11,700 shares as the company’s stock declined 17.57% while stock markets rallied. The institutional investor held 3,900 shares of the miscellaneous company at the end of 2017Q3, valued at $288,000, down from 15,600 at the end of the previous reported quarter. Citigroup Inc who had been investing in Interdigital Inc (Put) for a number of months, seems to be less bullish one the $2.79 billion market cap company. The stock increased 0.85% or $0.675 during the last trading session, reaching $80.325. About 31,150 shares traded. InterDigital, Inc. (NASDAQ:IDCC) has risen 50.23% since February 15, 2017 and is uptrending. It has outperformed by 33.53% the S&P500.

Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on February, 22. They expect $0.64 EPS, down 83.38% or $3.21 from last year’s $3.85 per share. IDCC’s profit will be $22.21M for 31.38 P/E if the $0.64 EPS becomes a reality. After $1.00 actual EPS reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -36.00% negative EPS growth.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.53, from 1.59 in 2017Q2. It dived, as 31 investors sold IDCC shares while 78 reduced holdings. 35 funds opened positions while 80 raised stakes. 24.87 million shares or 0.47% more from 24.75 million shares in 2017Q2 were reported. Bnp Paribas Arbitrage has invested 0.01% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Prudential owns 27,633 shares or 0% of their US portfolio. Brandywine Global Investment Mgmt Limited Liability Corp owns 0.02% invested in InterDigital, Inc. (NASDAQ:IDCC) for 33,954 shares. Legal & General Group Public Limited Company holds 0% in InterDigital, Inc. (NASDAQ:IDCC) or 30,057 shares. Global X Ltd Liability invested in 0.03% or 15,268 shares. 61,799 are owned by Personal Advsr Corporation. Cornerstone Cap Mngmt Limited Liability Co holds 0.02% in InterDigital, Inc. (NASDAQ:IDCC) or 30,300 shares. Cwm Ltd Llc accumulated 181,191 shares. Foundry Prns Ltd Company holds 0.11% in InterDigital, Inc. (NASDAQ:IDCC) or 38,422 shares. 357,232 were accumulated by Barclays Public Limited Co. Moreover, Ls Invest Advisors Ltd Liability Co has 0.02% invested in InterDigital, Inc. (NASDAQ:IDCC) for 4,970 shares. Bluestein R H Commerce accumulated 3,500 shares. Pub Employees Retirement System Of Ohio holds 0% in InterDigital, Inc. (NASDAQ:IDCC) or 8,624 shares. Arizona State Retirement accumulated 0.02% or 19,652 shares. Cantab Cap Ptnrs Llp holds 0.12% or 10,864 shares.

Citigroup Inc, which manages about $122.18B US Long portfolio, upped its stake in Cit Group Inc (NYSE:CIT) by 41,301 shares to 168,101 shares, valued at $8.25M in 2017Q3, according to the filing. It also increased its holding in Phillips 66 (Call) (NYSE:PSX) by 29,600 shares in the quarter, for a total of 167,200 shares, and has risen its stake in Check Point Software Tech Lt (Put) (NASDAQ:CHKP).

Among 5 analysts covering InterDigital (NASDAQ:IDCC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. InterDigital had 20 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, February 12 by FBR Capital. As per Tuesday, August 8, the company rating was upgraded by Sidoti. B. Riley & Co maintained the stock with “Buy” rating in Wednesday, August 23 report. B. Riley & Co initiated the stock with “Buy” rating in Tuesday, February 23 report. The rating was maintained by B. Riley & Co with “Buy” on Thursday, June 8. FBR Capital maintained the stock with “Buy” rating in Wednesday, January 10 report. The firm has “Buy” rating given on Tuesday, August 11 by Zacks. The firm earned “Neutral” rating on Wednesday, October 5 by Dougherty & Company. As per Friday, October 27, the company rating was maintained by B. Riley & Co. The firm has “Equal Weight” rating given on Wednesday, November 11 by Barclays Capital.

Hoertkorn Richard Charles, which manages about $139.37 million and $157.66M US Long portfolio, upped its stake in Alphabet Inc. by 1,536 shares to 4,079 shares, valued at $3.97M in 2017Q3, according to the filing.

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By1 Dolores Ford

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