Kings Point Capital Management Increases Position in Cisco Systems (CSCO); Bluemar Capital Management Decreased Fidelity National Financial (FNF) Stake by $1.87 Million; Market Valuation Rose

April 23, 2018 - By Vivian Park

Fidelity National Financial, Inc. (NYSE:FNF) Logo

David Rodriguez decreased its stake in Fidelity National Financial (FNF) by 38.75% based on its latest 2017Q4 regulatory filing with the SEC. Bluemar Capital Management Llc sold 48,054 shares as the company’s stock rose 4.07% while stock markets declined. The hedge fund run by David Rodriguez held 75,962 shares of the finance company at the end of 2017Q4, valued at $2.98 million, down from 124,016 at the end of the previous reported quarter. Bluemar Capital Management Llc who had been investing in Fidelity National Financial for a number of months, seems to be less bullish one the $10.47B market cap company. The stock increased 0.25% or $0.095 during the last trading session, reaching $38.145. About 142,248 shares traded. Fidelity National Financial, Inc. (NYSE:FNF) has risen 46.00% since April 23, 2017 and is uptrending. It has outperformed by 34.45% the S&P500.

Kings Point Capital Management increased its stake in Cisco Systems Inc (CSCO) by 7589.82% based on its latest 2017Q4 regulatory filing with the SEC. Kings Point Capital Management bought 29,069 shares as the company’s stock rose 10.71% while stock markets declined. The institutional investor held 29,452 shares of the technology company at the end of 2017Q4, valued at $1.13M, up from 383 at the end of the previous reported quarter. Kings Point Capital Management who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $214.07B market cap company. The stock increased 0.78% or $0.35 during the last trading session, reaching $44.44. About 4.91 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since April 23, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Analysts await Fidelity National Financial, Inc. (NYSE:FNF) to report earnings on May, 2 after the close. They expect $0.41 EPS, down 2.38% or $0.01 from last year’s $0.42 per share. FNF’s profit will be $112.54M for 23.26 P/E if the $0.41 EPS becomes a reality. After $0.60 actual EPS reported by Fidelity National Financial, Inc. for the previous quarter, Wall Street now forecasts -31.67% negative EPS growth.

Among 8 analysts covering Fidelity National Financial (NYSE:FNF), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Fidelity National Financial had 26 analyst reports since August 3, 2015 according to SRatingsIntel. As per Thursday, February 1, the company rating was maintained by Stephens. Wood downgraded Fidelity National Financial, Inc. (NYSE:FNF) on Monday, July 18 to “Market Perform” rating. The stock of Fidelity National Financial, Inc. (NYSE:FNF) has “Buy” rating given on Monday, October 16 by Piper Jaffray. The stock has “Buy” rating by Monness Crespi on Friday, May 5. The firm has “Hold” rating given on Friday, October 27 by Keefe Bruyette & Woods. The firm has “Buy” rating by Monness Crespi & Hardt given on Monday, January 25. On Thursday, October 26 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Overweight” rating by Barclays Capital on Friday, October 27. As per Monday, January 8, the company rating was maintained by Stephens. The company was maintained on Friday, January 26 by SunTrust.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.23, from 1.21 in 2017Q3. It improved, as 40 investors sold FNF shares while 87 reduced holdings. 53 funds opened positions while 130 raised stakes. 219.60 million shares or 1.84% more from 215.64 million shares in 2017Q3 were reported. Pr Herzig And, New York-based fund reported 6,931 shares. Brinker Capital owns 7,457 shares. Levin Cap Strategies Ltd Partnership invested 0.01% in Fidelity National Financial, Inc. (NYSE:FNF). Art Advsr Lc owns 81,502 shares or 0.14% of their US portfolio. Cadence Capital Lc holds 0.07% of its portfolio in Fidelity National Financial, Inc. (NYSE:FNF) for 28,323 shares. Mycio Wealth Partners has 0.04% invested in Fidelity National Financial, Inc. (NYSE:FNF). Caisse De Depot Et Placement Du Quebec accumulated 49,000 shares or 0% of the stock. Strs Ohio owns 66,343 shares. Mufg Americas Corporation, New York-based fund reported 6,993 shares. Valley Advisers holds 0% of its portfolio in Fidelity National Financial, Inc. (NYSE:FNF) for 49 shares. Hightower Limited Liability Com stated it has 0.01% of its portfolio in Fidelity National Financial, Inc. (NYSE:FNF). Ftb Advisors, Tennessee-based fund reported 2,765 shares. Raymond James Associate accumulated 166,599 shares. Employees Retirement Sys Of Texas reported 54,000 shares stake. Asset Mngmt One Ltd owns 512,486 shares.

Bluemar Capital Management Llc, which manages about $314.00M and $209.59M US Long portfolio, upped its stake in Citizens Finl Group Inc (NYSE:CFG) by 9,662 shares to 156,845 shares, valued at $6.58 million in 2017Q4, according to the filing. It also increased its holding in Hyatt Hotels Corp (NYSE:H) by 6,305 shares in the quarter, for a total of 102,358 shares, and has risen its stake in Svb Finl Group (NASDAQ:SIVB).

Since December 14, 2017, it had 0 buys, and 5 insider sales for $10.28 million activity. The insider Goeckeler David sold 20,671 shares worth $940,559. Another trade for 12,126 shares valued at $550,153 was made by BURNS M MICHELE on Monday, February 26. Another trade for 14,189 shares valued at $625,751 was made by SARIN ARUN on Tuesday, February 20. On Thursday, December 14 the insider BARTZ CAROL sold $7.59 million.

Among 38 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Cisco Systems Inc. had 156 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Monday, November 13 by RBC Capital Markets. The rating was maintained by Bernstein on Thursday, June 29 with “Buy”. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 17. BMO Capital Markets has “Hold” rating and $32.0 target. The company was maintained on Thursday, August 13 by Jefferies. The firm has “Buy” rating given on Tuesday, August 4 by Zacks. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, April 18. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, June 29 by Credit Suisse. The firm has “Buy” rating by Argus Research given on Friday, August 19. The firm has “Buy” rating given on Wednesday, August 5 by Wells Fargo. Wells Fargo maintained the shares of CSCO in report on Friday, July 21 with “Buy” rating.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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By1 Vivian Park

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