Rk Capital Management Has Cut Its Holding in Ipg Photonics (IPGP) as Stock Value Rose; Metropolitan Life Insurance Company Position in Synovus Financial (SNV) Has Upped as Valuation Declined

February 15, 2018 - By reb123z

Metropolitan Life Insurance Company increased its stake in Synovus Financial Corp (SNV) by 98.65% based on its latest 2017Q3 regulatory filing with the SEC. Metropolitan Life Insurance Company bought 113,516 shares as the company’s stock declined 2.76% while stock markets rallied. The institutional investor held 228,590 shares of the major banks company at the end of 2017Q3, valued at $10.53M, up from 115,074 at the end of the previous reported quarter. Metropolitan Life Insurance Company who had been investing in Synovus Financial Corp for a number of months, seems to be bullish on the $5.98B market cap company. The stock increased 2.70% or $1.32 during the last trading session, reaching $50.25. About 760,955 shares traded. Synovus Financial Corp. (NYSE:SNV) has risen 33.10% since February 15, 2017 and is uptrending. It has outperformed by 16.40% the S&P500.

Rk Capital Management Llc decreased its stake in Ipg Photonics Corp (IPGP) by 37.96% based on its latest 2017Q3 regulatory filing with the SEC. Rk Capital Management Llc sold 18,200 shares as the company’s stock rose 13.78% with the market. The hedge fund held 29,751 shares of the semiconductors company at the end of 2017Q3, valued at $5.51 million, down from 47,951 at the end of the previous reported quarter. Rk Capital Management Llc who had been investing in Ipg Photonics Corp for a number of months, seems to be less bullish one the $13.54B market cap company. The stock increased 3.59% or $8.76 during the last trading session, reaching $252.46. About 301,361 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has risen 67.64% since February 15, 2017 and is uptrending. It has outperformed by 50.94% the S&P500.

Since August 17, 2017, it had 0 buys, and 7 selling transactions for $11.36 million activity. Mammen Timothy PV sold $653,825 worth of stock or 2,500 shares. $1.29M worth of stock was sold by GAUTHIER HENRY E on Friday, January 12. $2.48M worth of IPG Photonics Corporation (NASDAQ:IPGP) shares were sold by Lopresti Angelo P. $1.35 million worth of IPG Photonics Corporation (NASDAQ:IPGP) shares were sold by HURLEY WILLIAM S.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.24, from 1.26 in 2017Q2. It worsened, as 30 investors sold IPGP shares while 137 reduced holdings. 73 funds opened positions while 98 raised stakes. 30.67 million shares or 0.23% more from 30.60 million shares in 2017Q2 were reported. Principal Fincl Gp stated it has 161,627 shares or 0.03% of all its holdings. Alpine Mgmt Ltd Limited Liability Company invested 0.35% in IPG Photonics Corporation (NASDAQ:IPGP). Pictet North America Advsr holds 0.4% or 13,553 shares in its portfolio. Art Advsr Limited Liability has 0.14% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 15,100 shares. Aqr Management Limited Company accumulated 22,840 shares. Todd Asset Management Ltd Limited Liability Company stated it has 0.9% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Eqis Mngmt has invested 0.03% in IPG Photonics Corporation (NASDAQ:IPGP). Bankshares Of Mellon Corp has invested 0.03% in IPG Photonics Corporation (NASDAQ:IPGP). 3,149 were reported by Torray Limited Liability Company. Northwestern Mutual Wealth Management invested in 39 shares or 0% of the stock. Rothschild Investment Il has 0.03% invested in IPG Photonics Corporation (NASDAQ:IPGP). Tocqueville Asset Management LP accumulated 5,000 shares. Us Bank & Trust De holds 0.02% or 32,902 shares in its portfolio. 1832 Asset Mgmt Limited Partnership stated it has 0% in IPG Photonics Corporation (NASDAQ:IPGP). Gotham Asset Management reported 7,274 shares stake.

Among 13 analysts covering IPG Photonics (NASDAQ:IPGP), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. IPG Photonics had 33 analyst reports since September 15, 2015 according to SRatingsIntel. Northcoast maintained IPG Photonics Corporation (NASDAQ:IPGP) rating on Wednesday, January 31. Northcoast has “Buy” rating and $290.0 target. Needham maintained it with “Buy” rating and $98 target in Tuesday, October 13 report. Needham maintained the shares of IPGP in report on Tuesday, June 20 with “Buy” rating. Needham maintained IPG Photonics Corporation (NASDAQ:IPGP) rating on Wednesday, November 1. Needham has “Buy” rating and $230.0 target. The firm has “Hold” rating given on Tuesday, September 15 by Canaccord Genuity. The rating was initiated by Raymond James on Friday, April 15 with “Market Perform”. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, August 31. Needham maintained the shares of IPGP in report on Tuesday, January 23 with “Buy” rating. Needham maintained it with “Buy” rating and $120 target in Tuesday, January 31 report. Oppenheimer initiated IPG Photonics Corporation (NASDAQ:IPGP) on Thursday, December 10 with “Perform” rating.

Rk Capital Management Llc, which manages about $857.26 million and $429.22 million US Long portfolio, upped its stake in Emcore Corp (NASDAQ:EMKR) by 77,741 shares to 1.12M shares, valued at $9.15M in 2017Q3, according to the filing. It also increased its holding in Caleres Inc by 69,200 shares in the quarter, for a total of 277,475 shares, and has risen its stake in Kbr Inc (NYSE:KBR).

Among 19 analysts covering Synovus Financial Corp. (NYSE:SNV), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Synovus Financial Corp. had 56 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, October 17 by RBC Capital Markets. The rating was maintained by Hovde Group with “Outperform” on Friday, August 19. Wells Fargo upgraded the stock to “Market Perform” rating in Monday, January 9 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 17. The stock has “Neutral” rating by Compass Point on Friday, November 18. Keefe Bruyette & Woods maintained it with “Hold” rating and $45.0 target in Monday, September 25 report. The stock of Synovus Financial Corp. (NYSE:SNV) has “Buy” rating given on Wednesday, January 24 by Bank of America. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, January 24 report. On Tuesday, December 6 the stock rating was upgraded by Barclays Capital to “Equal Weight”. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Underperform” rating by Morgan Stanley on Thursday, February 11.

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