Tiverton Asset Management Has Decreased By $519,030 Its Trex Co (TREX) Position; TerraForm Power, Inc. (TERP) Covered By 4 Bulls

February 8, 2018 - By Nellie Frank

Among 12 analysts covering Terraform Power Inc (NASDAQ:TERP), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Terraform Power Inc had 32 analyst reports since August 19, 2015 according to SRatingsIntel. As per Friday, September 1, the company rating was maintained by Robert W. Baird. The firm earned “Market Outperform” rating on Wednesday, June 29 by Avondale. As per Thursday, August 27, the company rating was downgraded by Robert W. Baird. As per Monday, September 21, the company rating was maintained by Deutsche Bank. The firm earned “Sell” rating on Wednesday, November 25 by UBS. As per Wednesday, August 2, the company rating was maintained by Oppenheimer. The firm earned “Outperform” rating on Monday, October 23 by Robert W. Baird. As per Monday, November 27, the company rating was initiated by Goldman Sachs. Oppenheimer downgraded TerraForm Power, Inc. (NASDAQ:TERP) on Wednesday, July 27 to “Perform” rating. The stock of TerraForm Power, Inc. (NASDAQ:TERP) has “Buy” rating given on Wednesday, August 26 by Zacks. See TerraForm Power, Inc. (NASDAQ:TERP) latest ratings:

27/11/2017 Broker: Goldman Sachs Rating: Hold New Target: $13.0 Initiate
24/10/2017 Broker: Bank of America Rating: Sell New Target: $11.0 Initiate
23/10/2017 Broker: Robert W. Baird Old Rating: Neutral New Rating: Outperform Upgrade
19/10/2017 Broker: J.P. Morgan Rating: Hold New Target: $13.0
13/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $13.0 Maintain
01/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $13.0 Maintain

Tiverton Asset Management Llc decreased Trex Co Inc (TREX) stake by 10.98% reported in 2017Q3 SEC filing. Tiverton Asset Management Llc sold 5,767 shares as Trex Co Inc (TREX)’s stock declined 9.07%. The Tiverton Asset Management Llc holds 46,738 shares with $4.21M value, down from 52,505 last quarter. Trex Co Inc now has $3.22B valuation. The stock decreased 3.01% or $3.4 during the last trading session, reaching $109.52. About 99,608 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 51.54% since February 8, 2017 and is uptrending. It has outperformed by 34.84% the S&P500.

Among 9 analysts covering Trex Co (NYSE:TREX), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Trex Co had 22 analyst reports since September 24, 2015 according to SRatingsIntel. The company was upgraded on Thursday, October 1 by CLSA. The firm has “Buy” rating given on Wednesday, January 3 by FBR Capital. The firm has “Outperform” rating by Wedbush given on Thursday, September 24. The stock of Trex Company, Inc. (NYSE:TREX) earned “Neutral” rating by Seaport Global Securities on Tuesday, November 22. On Tuesday, October 31 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Buy” rating given on Wednesday, January 3 by B. Riley & Co. The firm earned “Neutral” rating on Wednesday, October 19 by Wedbush. FBR Capital maintained Trex Company, Inc. (NYSE:TREX) on Friday, February 26 with “Outperform” rating. As per Tuesday, February 28, the company rating was maintained by FBR Capital. As per Monday, October 2, the company rating was downgraded by Sidoti.

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.11, from 1.24 in 2017Q2. It is positive, as 14 investors sold TREX shares while 63 reduced holdings. 31 funds opened positions while 73 raised stakes. 25.84 million shares or 3.17% less from 26.69 million shares in 2017Q2 were reported. Whittier Tru holds 1,479 shares. Nordea Mngmt Ab has 28,917 shares for 0.01% of their portfolio. Campbell Investment Adviser invested in 0.2% or 2,810 shares. Robeco Institutional Asset Bv owns 10,488 shares. Everence Cap Mngmt invested in 2,350 shares. Vantage Investment Advisors Lc holds 234 shares. Texas Permanent School Fund owns 21,468 shares or 0.02% of their US portfolio. Germany-based Deutsche Bancorporation Ag has invested 0.01% in Trex Company, Inc. (NYSE:TREX). Magnetar Finance Limited Liability Corp holds 0.01% or 4,610 shares in its portfolio. Sector Pension Inv Board holds 0.01% of its portfolio in Trex Company, Inc. (NYSE:TREX) for 18,559 shares. Kbc Group Inc Nv reported 0.02% stake. Emerald Advisers Pa reported 1.92% in Trex Company, Inc. (NYSE:TREX). Numeric Invsts Ltd Liability Co stated it has 0.01% in Trex Company, Inc. (NYSE:TREX). 2,606 are owned by Proshare Limited Liability Corp. Tiverton Asset Mngmt Limited Liability holds 46,738 shares or 0.24% of its portfolio.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on February, 20. They expect $0.54 EPS, up 25.58% or $0.11 from last year’s $0.43 per share. TREX’s profit will be $15.88M for 50.70 P/E if the $0.54 EPS becomes a reality. After $0.68 actual EPS reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts -20.59% negative EPS growth.

Since August 15, 2017, it had 0 buys, and 2 insider sales for $282,192 activity. Shares for $158,457 were sold by MERLOTTI FRANK H JR. GRATZ JAY M also sold $123,735 worth of Trex Company, Inc. (NYSE:TREX) on Tuesday, January 16.

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By1 Nellie Frank

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