Spark Investment Management Lowered Brady (BRC) Position by $632,700; Market Valuation Declined; Western Digital (WDC) Shareholder Central Asset Investments & Management Holdings Hk LTD Cut Its Holding

January 14, 2018 - By Winifred Garcia

Spark Investment Management Llc decreased its stake in Brady Corp (BRC) by 64.53% based on its latest 2017Q3 regulatory filing with the SEC. Spark Investment Management Llc sold 17,100 shares as the company’s stock declined 5.95% while stock markets rallied. The hedge fund held 9,400 shares of the miscellaneous manufacturing industries company at the end of 2017Q3, valued at $356,000, down from 26,500 at the end of the previous reported quarter. Spark Investment Management Llc who had been investing in Brady Corp for a number of months, seems to be less bullish one the $2.01B market cap company. The stock decreased 0.26% or $0.1 during the last trading session, reaching $38.95. About 129,189 shares traded. Brady Corporation (NYSE:BRC) has risen 24.08% since January 14, 2017 and is uptrending. It has outperformed by 7.38% the S&P500.

Central Asset Investments & Management Holdings Hk Ltd decreased its stake in Western Digital Corp (WDC) by 37.22% based on its latest 2017Q3 regulatory filing with the SEC. Central Asset Investments & Management Holdings Hk Ltd sold 84,100 shares as the company’s stock rose 15.69% with the market. The institutional investor held 141,840 shares of the electronic components company at the end of 2017Q3, valued at $12.26 million, down from 225,940 at the end of the previous reported quarter. Central Asset Investments & Management Holdings Hk Ltd who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $24.60B market cap company. It closed at $83.15 lastly. It is down 125.85% since January 14, 2017 and is uptrending. It has outperformed by 109.15% the S&P500.

Since September 22, 2017, it had 0 buys, and 2 insider sales for $986,688 activity. BRUNO ELIZABETH P also sold $882,000 worth of Brady Corporation (NYSE:BRC) shares.

Analysts await Brady Corporation (NYSE:BRC) to report earnings on February, 22. They expect $0.44 EPS, up 10.00% or $0.04 from last year’s $0.4 per share. BRC’s profit will be $22.68 million for 22.13 P/E if the $0.44 EPS becomes a reality. After $0.49 actual EPS reported by Brady Corporation for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Spark Investment Management Llc, which manages about $1.26 billion and $1.87 billion US Long portfolio, upped its stake in Abaxis Inc (NASDAQ:ABAX) by 11,800 shares to 41,300 shares, valued at $1.84 million in 2017Q3, according to the filing. It also increased its holding in Vanda Pharmaceuticals Inc (NASDAQ:VNDA) by 61,000 shares in the quarter, for a total of 354,400 shares, and has risen its stake in Schein Henry Inc (NASDAQ:HSIC).

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.26, from 1.27 in 2017Q2. It dropped, as 13 investors sold BRC shares while 64 reduced holdings. 26 funds opened positions while 52 raised stakes. 38.30 million shares or 1.27% more from 37.82 million shares in 2017Q2 were reported. Grantham Mayo Van Otterloo And Co Ltd Liability Corporation, Massachusetts-based fund reported 15,700 shares. D E Shaw Company reported 0.02% of its portfolio in Brady Corporation (NYSE:BRC). Louisiana State Employees Retirement Systems owns 19,400 shares. Citigroup has invested 0% of its portfolio in Brady Corporation (NYSE:BRC). Renaissance Technology Llc invested 0.08% in Brady Corporation (NYSE:BRC). Ameritas Prns owns 0.01% invested in Brady Corporation (NYSE:BRC) for 3,952 shares. Tci Wealth Advsr accumulated 0% or 34 shares. Strs Ohio accumulated 29,400 shares. Fifth Third National Bank holds 0% of its portfolio in Brady Corporation (NYSE:BRC) for 4,050 shares. Aperio Limited Liability Corporation invested in 0% or 13,766 shares. Us National Bank De holds 0% or 744 shares in its portfolio. Barclays Public Limited Company has 8,311 shares. Northern Trust holds 615,252 shares. Hsbc Hldgs Public Ltd Co holds 7,059 shares or 0% of its portfolio. Connecticut-based Paloma Ptnrs Mgmt has invested 0.02% in Brady Corporation (NYSE:BRC).

Among 5 analysts covering Brady Corporation (NYSE:BRC), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Brady Corporation had 18 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Hold” on Thursday, October 26. Bank of America maintained the stock with “Underperform” rating in Thursday, September 17 report. The stock has “Underperform” rating by Bank of America on Friday, September 8. Bank of America upgraded the shares of BRC in report on Tuesday, January 2 to “Buy” rating. The firm has “Underperform” rating given on Friday, November 17 by Bank of America. Northcoast upgraded the shares of BRC in report on Wednesday, February 15 to “Buy” rating. SunTrust initiated the stock with “Reduce” rating in Tuesday, November 3 report. The company was initiated on Tuesday, November 3 by Suntrust Robinson. The rating was downgraded by Bank of America to “Neutral” on Friday, September 11. As per Thursday, November 16, the company rating was maintained by Robert W. Baird.

Since August 3, 2017, it had 0 insider buys, and 10 selling transactions for $6.56 million activity. LONG MARK P also sold $126,713 worth of Western Digital Corporation (NASDAQ:WDC) on Monday, September 11. Shares for $263,330 were sold by Sivaram Srinivasan. DeMaria Jacqueline also sold $1.21M worth of Western Digital Corporation (NASDAQ:WDC) on Thursday, August 3. CORDANO MICHAEL D had sold 9,404 shares worth $834,210.

Investors sentiment is 1.12 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 65 investors sold WDC shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported. Boys Arnold And Com holds 3,176 shares or 0.04% of its portfolio. Telemus Cap Llc holds 0.19% in Western Digital Corporation (NASDAQ:WDC) or 13,927 shares. Dynamic Advsr Solutions Ltd Llc accumulated 2,782 shares or 0.09% of the stock. Da Davidson And accumulated 39,563 shares. Scotia Capital holds 28,116 shares or 0.03% of its portfolio. Riverpark Advisors Limited Liability accumulated 12,500 shares. 134 are held by Lenox Wealth Mngmt. State Street Corporation holds 11.57 million shares. 19,600 were reported by Tributary Ltd Liability Company. Parsec Finance Management Incorporated has invested 0.56% in Western Digital Corporation (NASDAQ:WDC). Trust Communications Of Vermont invested 0% in Western Digital Corporation (NASDAQ:WDC). 1.85 million are held by Morgan Stanley. Bessemer Grp, New Jersey-based fund reported 4,386 shares. The New York-based Boothbay Fund Mgmt Ltd Company has invested 0.1% in Western Digital Corporation (NASDAQ:WDC). Tci Wealth holds 0.01% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 207 shares.

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By1 Winifred Garcia







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