Nicholas Investment Partners LP Has Trimmed Its Take (TTWO) Holding as Stock Price Declined; Adirondack Research & Management Upped Houghton Mifflin Harcourt Co (HMHC) Stake by $561,366; Stock Value Declined

April 24, 2018 - By William Brooks

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Logo

Nicholas Investment Partners Lp decreased its stake in Take (TTWO) by 38.05% based on its latest 2017Q4 regulatory filing with the SEC. Nicholas Investment Partners Lp sold 20,796 shares as the company’s stock declined 10.17% with the market. The institutional investor held 33,854 shares of the technology company at the end of 2017Q4, valued at $3.72 million, down from 54,650 at the end of the previous reported quarter. Nicholas Investment Partners Lp who had been investing in Take for a number of months, seems to be less bullish one the $11.13B market cap company. The stock decreased 0.79% or $0.78 during the last trading session, reaching $97.34. About 659,754 shares traded. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 67.39% since April 24, 2017 and is uptrending. It has outperformed by 55.84% the S&P500.

Adirondack Research & Management Inc increased its stake in Houghton Mifflin Harcourt Co (HMHC) by 23.08% based on its latest 2017Q4 regulatory filing with the SEC. Adirondack Research & Management Inc bought 62,374 shares as the company’s stock declined 24.19% with the market. The institutional investor held 332,638 shares of the books company at the end of 2017Q4, valued at $3.09M, up from 270,264 at the end of the previous reported quarter. Adirondack Research & Management Inc who had been investing in Houghton Mifflin Harcourt Co for a number of months, seems to be bullish on the $903.88 million market cap company. The stock decreased 2.33% or $0.175 during the last trading session, reaching $7.325. About 94,834 shares traded. Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has declined 25.40% since April 24, 2017 and is downtrending. It has underperformed by 36.95% the S&P500.

Among 20 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Take-Two Interactive Software had 78 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Piper Jaffray given on Wednesday, June 7. Stifel Nicolaus maintained it with “Buy” rating and $8700 target in Monday, July 10 report. The firm earned “Overweight” rating on Thursday, April 19 by Morgan Stanley. On Tuesday, August 9 the stock rating was maintained by Jefferies with “Buy”. Morgan Stanley maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Thursday, February 8 with “Overweight” rating. The firm has “Buy” rating by Jefferies given on Thursday, August 3. The stock has “Hold” rating by Robert W. Baird on Thursday, August 3. Credit Suisse maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Thursday, February 8 with “Neutral” rating. BTIG Research upgraded the stock to “Buy” rating in Thursday, September 3 report. As per Monday, October 9, the company rating was downgraded by Cowen & Co.

Since February 15, 2018, it had 0 insider purchases, and 3 selling transactions for $48.28 million activity. ZELNICK STRAUSS also sold $24.12M worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Monday, April 2. Sheresky Michael sold 428 shares worth $46,271.

Nicholas Investment Partners Lp, which manages about $1.37 billion and $1.51 billion US Long portfolio, upped its stake in Hunt J B Trans Svcs Inc (NASDAQ:JBHT) by 18,988 shares to 53,664 shares, valued at $6.17 million in 2017Q4, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 4,890 shares in the quarter, for a total of 30,633 shares, and has risen its stake in Crane Co (NYSE:CR).

Analysts await Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report earnings on May, 22. They expect $0.44 earnings per share, down 32.31% or $0.21 from last year’s $0.65 per share. TTWO’s profit will be $50.30M for 55.31 P/E if the $0.44 EPS becomes a reality. After $1.18 actual earnings per share reported by Take-Two Interactive Software, Inc. for the previous quarter, Wall Street now forecasts -62.71% negative EPS growth.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.09, from 1.18 in 2017Q3. It is positive, as 45 investors sold TTWO shares while 123 reduced holdings. 93 funds opened positions while 120 raised stakes. 98.01 million shares or 2.20% less from 100.22 million shares in 2017Q3 were reported. Metropolitan Life Ins holds 0.06% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) or 37,717 shares. 4,250 were reported by Usa Fincl Portformulas Corporation. Alkeon Mgmt Limited Co has 1.08% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 1.68M shares. Hanseatic Management Incorporated holds 0.74% or 6,684 shares in its portfolio. Mu Invs Company Limited invested in 0.02% or 250 shares. Canada Pension Plan Board holds 0.06% or 313,250 shares in its portfolio. Monarch Partners Asset Mngmt Llc owns 59,912 shares for 0.62% of their portfolio. Jacobs Levy Equity Incorporated owns 30,080 shares or 0.06% of their US portfolio. Advantus Mngmt accumulated 14,047 shares. Utah-based Utah Retirement has invested 0.05% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). The New York-based Qs Limited Liability Corporation has invested 0% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Wedge Capital Mngmt L Limited Partnership Nc owns 267,904 shares for 0.26% of their portfolio. Employees Retirement Systems Of Ohio owns 82,254 shares. State Board Of Administration Of Florida Retirement System accumulated 138,948 shares. Bamco Inc Ny reported 0% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

Adirondack Research & Management Inc, which manages about $287.86 million and $254.71 million US Long portfolio, decreased its stake in Newell Brands Inc (NYSE:NWL) by 10,808 shares to 10,642 shares, valued at $329,000 in 2017Q4, according to the filing. It also reduced its holding in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 104,750 shares in the quarter, leaving it with 75,500 shares, and cut its stake in Greenhill & Co Inc (NYSE:GHL).

Among 7 analysts covering Houghton Mifflin Harcourt (NASDAQ:HMHC), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Houghton Mifflin Harcourt had 21 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, September 10, the company rating was upgraded by Citigroup. The firm has “Outperform” rating by Wells Fargo given on Monday, October 5. BMO Capital Markets maintained the shares of HMHC in report on Friday, February 23 with “Market Perform” rating. Morgan Stanley maintained Houghton Mifflin Harcourt Company (NASDAQ:HMHC) rating on Monday, October 23. Morgan Stanley has “Equal-Weight” rating and $11 target. The firm has “Hold” rating given on Monday, July 10 by Stifel Nicolaus. BMO Capital Markets maintained the shares of HMHC in report on Friday, September 15 with “Hold” rating. The company was maintained on Thursday, August 3 by BMO Capital Markets. As per Friday, June 23, the company rating was maintained by BMO Capital Markets. The rating was initiated by Goldman Sachs on Tuesday, March 27 with “Sell”. BMO Capital Markets downgraded Houghton Mifflin Harcourt Company (NASDAQ:HMHC) on Friday, August 5 to “Market Perform” rating.

Investors sentiment increased to 1.77 in 2017 Q4. Its up 0.42, from 1.35 in 2017Q3. It improved, as 13 investors sold HMHC shares while 31 reduced holdings. 34 funds opened positions while 44 raised stakes. 120.03 million shares or 2.66% less from 123.31 million shares in 2017Q3 were reported. Ellington Management Group Ltd Liability Com holds 0.11% in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) or 70,800 shares. 127,769 are held by Menta Llc. Ameriprise holds 0.01% or 1.60 million shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 4,731 shares. Millennium Ltd Llc reported 0.02% in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Citigroup Inc has 28,754 shares. Gotham Asset Mngmt Lc reported 71,143 shares. California Public Employees Retirement Systems has 0% invested in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Rhumbline Advisers holds 103,901 shares. Stevens Mgmt LP invested in 0% or 12,182 shares. Ameritas Investment has invested 0% in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Lapides Asset Limited Liability Corporation owns 3.26% invested in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) for 1.62 million shares. The California-based California State Teachers Retirement System has invested 0% in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Goldman Sachs Grp holds 724,123 shares. Rivulet Limited Liability Company reported 3.71% of its portfolio in Houghton Mifflin Harcourt Company (NASDAQ:HMHC).

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) Institutional Positions Chart

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By1 William Brooks

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