Sandler Capital Management Trimmed Its Holding in Sherwin Williams Co (SHW) by $1.44 Million as Stock Price Declined; Paradigm Capital Management Upped Its Emcore (EMKR) Stake by $1.28 Million; Market Valuation Declined

April 22, 2018 - By Richard Conner

EMCORE Corporation (NASDAQ:EMKR) Logo

Paradigm Capital Management Inc increased its stake in Emcore Corporation (EMKR) by 9.23% based on its latest 2017Q4 regulatory filing with the SEC. Paradigm Capital Management Inc bought 213,400 shares as the company’s stock declined 7.26% with the market. The institutional investor held 2.53 million shares of the semiconductors company at the end of 2017Q4, valued at $16.29 million, up from 2.31 million at the end of the previous reported quarter. Paradigm Capital Management Inc who had been investing in Emcore Corporation for a number of months, seems to be bullish on the $127.84M market cap company. The stock increased 1.08% or $0.05 during the last trading session, reaching $4.7. About 98,889 shares traded. EMCORE Corporation (NASDAQ:EMKR) has declined 34.29% since April 22, 2017 and is downtrending. It has underperformed by 45.84% the S&P500.

Andrew Sandler decreased its stake in Sherwin Williams Co (SHW) by 15.77% based on its latest 2017Q4 regulatory filing with the SEC. Sandler Capital Management sold 3,500 shares as the company’s stock declined 5.42% with the market. The hedge fund run by Andrew Sandler held 18,700 shares of the building materials company at the end of 2017Q4, valued at $7.67 million, down from 22,200 at the end of the previous reported quarter. Sandler Capital Management who had been investing in Sherwin Williams Co for a number of months, seems to be less bullish one the $36.73B market cap company. The stock decreased 0.96% or $3.8 during the last trading session, reaching $392.39. About 643,477 shares traded. The Sherwin-Williams Company (NYSE:SHW) has risen 26.25% since April 22, 2017 and is uptrending. It has outperformed by 14.70% the S&P500.

Among 5 analysts covering Emcore (NASDAQ:EMKR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Emcore had 21 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by B. Riley & Co with “Buy” on Friday, February 5. The stock has “Buy” rating by Dougherty & Company on Thursday, October 20. On Tuesday, April 10 the stock rating was maintained by B. Riley & Co with “Neutral”. The rating was downgraded by B. Riley & Co to “Neutral” on Thursday, June 29. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Buy” rating by Dougherty & Company on Thursday, December 8. The company was initiated on Tuesday, July 28 by Northland Capital. The rating was maintained by Dougherty & Company with “Buy” on Wednesday, February 8. Northland Capital downgraded the shares of EMKR in report on Tuesday, December 5 to “Market Perform” rating. Northland Capital maintained the stock with “Hold” rating in Wednesday, February 7 report. The rating was maintained by Lake Street on Wednesday, February 8 with “Buy”.

Since January 5, 2018, it had 0 buys, and 1 sale for $348,425 activity.

Paradigm Capital Management Inc, which manages about $1.17 billion US Long portfolio, decreased its stake in Express Inc. (NYSE:EXPR) by 64,350 shares to 134,925 shares, valued at $1.37M in 2017Q4, according to the filing. It also reduced its holding in R1 Rcm Inc by 114,400 shares in the quarter, leaving it with 6.85M shares, and cut its stake in Lattice Semiconductor Corporat (NASDAQ:LSCC).

Investors sentiment increased to 1.38 in 2017 Q4. Its up 0.28, from 1.1 in 2017Q3. It increased, as 16 investors sold EMKR shares while 18 reduced holdings. 18 funds opened positions while 29 raised stakes. 20.84 million shares or 2.68% more from 20.30 million shares in 2017Q3 were reported. Kempner Cap Management Inc has 15,000 shares for 0.06% of their portfolio. Susquehanna Intll Group Incorporated Limited Liability Partnership has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Sei Invs Co has 0% invested in EMCORE Corporation (NASDAQ:EMKR) for 5,277 shares. Us Natl Bank De accumulated 0% or 150 shares. Rhumbline Advisers holds 28,165 shares. Bancorporation Of America De invested in 0% or 4,142 shares. Mufg Americas Corporation owns 1,750 shares or 0% of their US portfolio. Moreover, Millrace Asset Gp has 0.77% invested in EMCORE Corporation (NASDAQ:EMKR). Connors Investor holds 31,193 shares or 0.03% of its portfolio. Schwab Charles Mngmt invested in 50,590 shares. Chicago Equity Prtnrs Limited Liability Com invested in 0% or 21,120 shares. Amer Intl invested in 0% or 18,148 shares. State Street accumulated 0% or 442,836 shares. Moreover, National Bank & Trust Of Montreal Can has 0% invested in EMCORE Corporation (NASDAQ:EMKR) for 15,352 shares. Fuller And Thaler Asset owns 206,200 shares or 0.02% of their US portfolio.

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.06, from 1.21 in 2017Q3. It dropped, as 43 investors sold SHW shares while 252 reduced holdings. 117 funds opened positions while 221 raised stakes. 68.54 million shares or 1.28% less from 69.43 million shares in 2017Q3 were reported. Mitsubishi Ufj has invested 0.15% in The Sherwin-Williams Company (NYSE:SHW). Bradley Foster Sargent Ct invested in 0.12% or 8,228 shares. Manufacturers Life The holds 192,843 shares. 17,392 were accumulated by Segall Bryant Hamill Ltd Liability. Reilly Advsrs Llc accumulated 8 shares. New Mexico Educational Retirement Board holds 7,921 shares. Gulf Bankshares (Uk) holds 26,370 shares or 0.14% of its portfolio. M&T Retail Bank reported 0.09% of its portfolio in The Sherwin-Williams Company (NYSE:SHW). Norinchukin Financial Bank The owns 42,133 shares. Avalon Ltd holds 21,863 shares or 0.27% of its portfolio. Peddock Advisors Ltd Llc invested in 0.07% or 350 shares. Aviva Public Ltd holds 0.25% or 109,015 shares in its portfolio. Walleye Trading Ltd Liability Corporation reported 2,666 shares stake. State Of Wisconsin Investment Board invested in 95,436 shares. Lord Abbett And Ltd owns 117,661 shares.

Since March 14, 2018, it had 0 insider buys, and 1 insider sale for $306,945 activity.

Among 30 analysts covering Sherwin-Williams Company (NYSE:SHW), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Sherwin-Williams Company had 67 analyst reports since July 22, 2015 according to SRatingsIntel. Citigroup initiated the stock with “Buy” rating in Friday, June 23 report. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 22. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, January 10 report. The stock of The Sherwin-Williams Company (NYSE:SHW) has “Buy” rating given on Thursday, June 8 by Goldman Sachs. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, October 4. The stock of The Sherwin-Williams Company (NYSE:SHW) earned “Neutral” rating by Sterne Agee CRT on Tuesday, August 25. The rating was upgraded by Bank of America on Thursday, October 5 to “Buy”. The firm has “Overweight” rating by Atlantic Securities given on Tuesday, November 29. On Monday, August 14 the stock rating was maintained by RBC Capital Markets with “Buy”. Citigroup maintained The Sherwin-Williams Company (NYSE:SHW) rating on Wednesday, October 25. Citigroup has “Buy” rating and $442 target.

EMCORE Corporation (NASDAQ:EMKR) Institutional Positions Chart

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