Apache (APA) Reaches $43.67 52 Week Low; G2 Investment Partners Management Has Lifted Logmein (LOGM) Position By $2.21 Million

August 10, 2017 - By Henry Gaston

The stock of Apache Corporation (NYSE:APA) hit a new 52-week low and has $41.92 target or 4.00% below today’s $43.67 share price. The 6 months bearish chart indicates high risk for the $16.64 billion company. The 1-year low was reported on Aug, 10 by Barchart.com. If the $41.92 price target is reached, the company will be worth $665.60M less. About 336,755 shares traded. Apache Corporation (NYSE:APA) has declined 10.21% since August 10, 2016 and is downtrending. It has underperformed by 26.91% the S&P500.

G2 Investment Partners Management Llc increased Logmein Inc (LOGM) stake by 30.77% reported in 2016Q4 SEC filing. G2 Investment Partners Management Llc acquired 23,048 shares as Logmein Inc (LOGM)’s stock rose 17.94%. The G2 Investment Partners Management Llc holds 97,957 shares with $9.46 million value, up from 74,909 last quarter. Logmein Inc now has $6.04B valuation. The stock declined 1.73% or $2.02 reaching $114.48 on the news. About 61,246 shares traded. LogMeIn Inc (NASDAQ:LOGM) has risen 101.86% since August 10, 2016 and is uptrending. It has outperformed by 85.16% the S&P500.

Since March 3, 2017, it had 0 buys, and 22 insider sales for $22.29 million activity. CALDERONI ROBERT sold $1.42M worth of LogMeIn Inc (NASDAQ:LOGM) on Friday, June 9. Shares for $6.83 million were sold by Simon Michael K on Friday, March 3. On Tuesday, May 9 Battles Christopher sold $293,372 worth of LogMeIn Inc (NASDAQ:LOGM) or 2,572 shares. Lok James sold $74,272 worth of LogMeIn Inc (NASDAQ:LOGM) on Tuesday, May 16. 8,750 shares valued at $996,955 were sold by Wagner William Raymond on Tuesday, May 9. $164,990 worth of LogMeIn Inc (NASDAQ:LOGM) was sold by Herdiech Edward K. on Friday, May 26. $721,033 worth of LogMeIn Inc (NASDAQ:LOGM) shares were sold by Ford W. Sean.

G2 Investment Partners Management Llc decreased Gibraltar Inds Inc (NASDAQ:ROCK) stake by 66,985 shares to 48,337 valued at $2.01 million in 2016Q4. It also reduced Inphi Corp (Call) (NYSE:IPHI) stake by 7,000 shares and now owns 10,000 shares. Carbonite Inc (NASDAQ:CARB) was reduced too.

Investors sentiment increased to 1.18 in Q4 2016. Its up 0.13, from 1.05 in 2016Q3. It is positive, as 22 investors sold LOGM shares while 74 reduced holdings. 46 funds opened positions while 67 raised stakes. 25.98 million shares or 0.73% more from 25.80 million shares in 2016Q3 were reported. Smithfield Tru reported 0% in LogMeIn Inc (NASDAQ:LOGM). Assetmark holds 744 shares. Schwab Charles Investment Management holds 0.01% in LogMeIn Inc (NASDAQ:LOGM) or 98,922 shares. Suntrust Banks reported 0% stake. New York-based Peconic Prtn Limited Liability Corp has invested 0.07% in LogMeIn Inc (NASDAQ:LOGM). National Bank Of Montreal Can accumulated 183,906 shares or 0.02% of the stock. 35,906 were accumulated by Rhumbline Advisers. Huntington Bank & Trust reported 199 shares. Menta Cap Ltd Limited Liability Company invested 0.09% in LogMeIn Inc (NASDAQ:LOGM). Adams Diversified Equity Fund Inc accumulated 11,000 shares. Nationwide Fund Advisors holds 59,107 shares or 0.02% of its portfolio. Advisory Research owns 22,730 shares for 0.03% of their portfolio. Prelude Capital Mngmt Limited Liability Com stated it has 0.06% of its portfolio in LogMeIn Inc (NASDAQ:LOGM). 220,001 are owned by Price T Rowe Associate Incorporated Md. Proshare Ltd Limited Liability Company has invested 0% in LogMeIn Inc (NASDAQ:LOGM).

Among 12 analysts covering LogMeIn (NASDAQ:LOGM), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. LogMeIn had 31 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Friday, July 28. Cowen & Co upgraded the stock to “Outperform” rating in Friday, April 7 report. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Friday, August 28. The firm has “Buy” rating by RBC Capital Markets given on Friday, June 9. The stock of LogMeIn Inc (NASDAQ:LOGM) earned “Buy” rating by Piper Jaffray on Friday, June 23. The stock of LogMeIn Inc (NASDAQ:LOGM) earned “Strong Buy” rating by Needham on Friday, February 12. The stock of LogMeIn Inc (NASDAQ:LOGM) earned “Outperform” rating by RBC Capital Markets on Friday, February 3. The firm has “Underweight” rating given on Wednesday, July 27 by Barclays Capital. Pacific Crest downgraded LogMeIn Inc (NASDAQ:LOGM) on Wednesday, July 27 to “Sector Weight” rating. The stock of LogMeIn Inc (NASDAQ:LOGM) has “Strong Buy” rating given on Friday, October 14 by Needham.

Among 25 analysts covering Apache Corporation (NYSE:APA), 5 have Buy rating, 4 Sell and 16 Hold. Therefore 20% are positive. Apache Corporation had 69 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Hold” rating by RBC Capital Markets given on Thursday, June 15. On Monday, June 26 the stock rating was maintained by BMO Capital Markets with “Hold”. Citigroup maintained Apache Corporation (NYSE:APA) rating on Friday, July 21. Citigroup has “Neutral” rating and $50 target. The rating was maintained by UBS with “Neutral” on Friday, August 5. Cowen & Co maintained it with “Hold” rating and $5000 target in Tuesday, July 18 report. On Monday, September 14 the stock rating was maintained by Citigroup with “Buy”. As per Friday, August 7, the company rating was maintained by RBC Capital Markets. Mitsubishi UFG initiated the stock with “Neutral” rating in Monday, September 26 report. The stock has “Neutral” rating by Seaport Global on Wednesday, June 21.

Investors sentiment increased to 1 in Q4 2016. Its up 0.05, from 0.95 in 2016Q3. It is positive, as 65 investors sold Apache Corporation shares while 256 reduced holdings. 83 funds opened positions while 237 raised stakes. 331.56 million shares or 0.06% less from 331.75 million shares in 2016Q3 were reported. Liberty Mutual Group Asset Mngmt owns 0.06% invested in Apache Corporation (NYSE:APA) for 27,790 shares. Financial Bank Of America Corporation De holds 0.04% of its portfolio in Apache Corporation (NYSE:APA) for 2.55 million shares. Com State Bank owns 51,403 shares for 0.05% of their portfolio. Cubic Asset Ltd Llc reported 21,485 shares stake. Bb&T Corporation owns 4,159 shares for 0.01% of their portfolio. Parkwood Ltd Com has 6,867 shares. Registered Advisor Inc stated it has 7,136 shares. Principal Group Inc owns 544,399 shares or 0.04% of their US portfolio. Virginia Retirement Sys Et Al reported 183,200 shares or 0.16% of all its holdings. Acropolis Invest Management Llc accumulated 6,280 shares or 0.07% of the stock. Glob X Mgmt Co Ltd Liability Co stated it has 0.01% in Apache Corporation (NYSE:APA). Systematic Financial Lp holds 152,349 shares. Corecommodity Mgmt Llc reported 0.31% stake. Checchi Capital Advisers Ltd Liability Company owns 10,582 shares for 0.09% of their portfolio. Reynders Mcveigh Cap Mgmt Ltd Liability Corporation owns 0.05% invested in Apache Corporation (NYSE:APA) for 5,252 shares.

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