Hennessy Advisors Has Lowered Its Stake in Ttm Technologies (TTMI) by $2.98 Million as Stock Declined; Kimberly (KMB) Shares Declined While Palisade Asset Management Lifted by $526,149 Its Position

February 15, 2018 - By Michael Collier

Hennessy Advisors Inc decreased its stake in Ttm Technologies Inc (TTMI) by 7.91% based on its latest 2017Q3 regulatory filing with the SEC. Hennessy Advisors Inc sold 198,600 shares as the company’s stock declined 4.73% while stock markets rallied. The institutional investor held 2.31 million shares of the technology company at the end of 2017Q3, valued at $35.52M, down from 2.51M at the end of the previous reported quarter. Hennessy Advisors Inc who had been investing in Ttm Technologies Inc for a number of months, seems to be less bullish one the $1.58B market cap company. The stock increased 1.57% or $0.24 during the last trading session, reaching $15.56. About 769,085 shares traded. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 142.01% since February 15, 2017 and is uptrending. It has outperformed by 125.31% the S&P500.

Palisade Asset Management Llc increased its stake in Kimberly (KMB) by 16.33% based on its latest 2017Q3 regulatory filing with the SEC. Palisade Asset Management Llc bought 4,497 shares as the company’s stock declined 3.59% while stock markets rallied. The institutional investor held 32,042 shares of the containers and packaging company at the end of 2017Q3, valued at $3.77 million, up from 27,545 at the end of the previous reported quarter. Palisade Asset Management Llc who had been investing in Kimberly for a number of months, seems to be bullish on the $39.54B market cap company. The stock increased 0.06% or $0.07 during the last trading session, reaching $112.73. About 1.68M shares traded. Kimberly-Clark Corporation (NYSE:KMB) has risen 0.32% since February 15, 2017 and is uptrending. It has underperformed by 16.38% the S&P500.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.01, from 0.97 in 2017Q2. It dropped, as 64 investors sold KMB shares while 404 reduced holdings. 84 funds opened positions while 363 raised stakes. 245.40 million shares or 1.70% more from 241.30 million shares in 2017Q2 were reported. Connors Investor Services reported 56,890 shares. Parsons Capital Management Ri holds 0.09% or 6,294 shares in its portfolio. Aqr Mngmt Ltd accumulated 436,894 shares or 0.06% of the stock. Marietta Investment Prtn Limited Company has 21,646 shares. Violich has 23,834 shares. Texas-based Financial Mngmt Professionals has invested 0% in Kimberly-Clark Corporation (NYSE:KMB). 5,609 were accumulated by Marshwinds Advisory. Marble Harbor Investment Counsel Limited Liability Company accumulated 11,672 shares. Bb&T holds 117,828 shares or 0.27% of its portfolio. Vantage Ptnrs Llc has 88,853 shares for 0.81% of their portfolio. Switzerland-based Swiss Bank has invested 0.21% in Kimberly-Clark Corporation (NYSE:KMB). Vantage Invest Advsrs owns 1,422 shares. First National Bank And Tru Of Newtown reported 31,267 shares. 45,108 are held by Bradley Foster & Sargent Ct. Magnetar Ltd Co owns 2,641 shares or 0.01% of their US portfolio.

Since January 29, 2018, it had 0 insider buys, and 1 insider sale for $2.77 million activity.

Among 18 analysts covering Kimberly-Clark (NYSE:KMB), 2 have Buy rating, 5 Sell and 11 Hold. Therefore 11% are positive. Kimberly-Clark had 58 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, March 24 with “Hold”. Bank of America maintained Kimberly-Clark Corporation (NYSE:KMB) on Tuesday, October 24 with “Neutral” rating. The rating was maintained by Goldman Sachs on Tuesday, October 25 with “Buy”. The rating was maintained by Citigroup on Wednesday, July 27 with “Neutral”. RBC Capital Markets maintained the shares of KMB in report on Tuesday, October 25 with “Sector Perform” rating. The firm has “Hold” rating by RBC Capital Markets given on Thursday, September 7. The stock has “Hold” rating by Societe Generale on Friday, March 10. Zacks downgraded the stock to “Hold” rating in Thursday, September 17 report. Citigroup downgraded Kimberly-Clark Corporation (NYSE:KMB) rating on Monday, December 11. Citigroup has “Sell” rating and $113.0 target. The stock has “Hold” rating by RBC Capital Markets on Tuesday, August 1.

Among 6 analysts covering TTM Tech (NASDAQ:TTMI), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. TTM Tech had 22 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Overweight” rating by JP Morgan given on Tuesday, April 4. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, November 30. Needham maintained it with “Buy” rating and $14 target in Thursday, October 27 report. JP Morgan downgraded TTM Technologies, Inc. (NASDAQ:TTMI) on Friday, February 17 to “Neutral” rating. On Thursday, February 8 the stock rating was maintained by SunTrust with “Buy”. Stifel Nicolaus maintained TTM Technologies, Inc. (NASDAQ:TTMI) on Monday, December 4 with “Buy” rating. Stifel Nicolaus upgraded the shares of TTMI in report on Friday, August 25 to “Buy” rating. The rating was initiated by SunTrust with “Buy” on Thursday, December 14. As per Wednesday, September 27, the company rating was maintained by Stifel Nicolaus. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) earned “Sell” rating by TheStreet on Friday, September 4.

Since August 25, 2017, it had 0 insider purchases, and 4 insider sales for $182,278 activity.

Hennessy Advisors Inc, which manages about $5.52B and $3.23B US Long portfolio, upped its stake in Guaranty Bancshares Inc Tex (GNTY) by 10,000 shares to 55,000 shares, valued at $1.76M in 2017Q3, according to the filing. It also increased its holding in Centerpoint Energy Inc (NYSE:CNP) by 11,000 shares in the quarter, for a total of 947,028 shares, and has risen its stake in Vectren Corp (NYSE:VVC).

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By1 Michael Collier

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