Contour Asset Management Has Cut Its Wayfair (W) Stake; Osi Systems Has 1.24 Sentiment

December 7, 2017 - By Clifton Ray

Contour Asset Management Llc decreased Wayfair Inc (W) stake by 42.2% reported in 2017Q2 SEC filing. Contour Asset Management Llc sold 510,277 shares as Wayfair Inc (W)’s stock rose 54.30%. The Contour Asset Management Llc holds 698,892 shares with $53.73 million value, down from 1.21M last quarter. Wayfair Inc now has $6.57 billion valuation. The stock increased 1.37% or $1.01 during the last trading session, reaching $74.78. About 312,665 shares traded. Wayfair Inc. (NYSE:W) has risen 54.80% since December 7, 2016 and is uptrending. It has outperformed by 38.10% the S&P500.

OSI Systems, Inc. designs, manufactures, and sells electronic systems and components worldwide. The company has market cap of $1.21 billion. The companyÂ’s Security segment provides baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names. It has a 59.81 P/E ratio. This segment also offers site design, installation, training, and technical support services; and turnkey security screening solutions under the S2 name.

Since June 8, 2017, it had 0 insider buys, and 12 insider sales for $15.68 million activity. Mulliken John Champlin sold $694,832 worth of Wayfair Inc. (NYSE:W) on Thursday, June 15. FLEISHER MICHAEL D sold 520 shares worth $36,686. $329,707 worth of Wayfair Inc. (NYSE:W) was sold by Savarese James. $3,689 worth of stock was sold by Rodrigues Romero on Thursday, June 15. On Thursday, June 15 the insider Malone Nicholas sold $340,920. Oblak Steve also sold $320,728 worth of Wayfair Inc. (NYSE:W) on Thursday, June 15. Another trade for 50,850 shares valued at $3.76M was made by Shah Niraj on Thursday, June 15.

Investors sentiment increased to 1.22 in Q2 2017. Its up 0.07, from 1.15 in 2017Q1. It is positive, as 20 investors sold W shares while 57 reduced holdings. 56 funds opened positions while 38 raised stakes. 57.01 million shares or 7.78% less from 61.82 million shares in 2017Q1 were reported. Brown Advisory Inc accumulated 6,000 shares. Great Hill Ptnrs Ltd Partnership holds 100% or 4.16 million shares in its portfolio. Voya Investment Management Limited Co has 0% invested in Wayfair Inc. (NYSE:W). Hanseatic Mgmt Serv reported 12,907 shares stake. Eam Investors Limited Co invested in 0.44% or 34,304 shares. Columbus Circle Investors stated it has 34,505 shares or 0.04% of all its holdings. Metropolitan Life Insur Ny holds 0% in Wayfair Inc. (NYSE:W) or 2,746 shares. Chilton Inv Ltd Liability Company owns 691,821 shares or 2.05% of their US portfolio. Switzerland-based Credit Suisse Ag has invested 0% in Wayfair Inc. (NYSE:W). Wells Fargo Com Mn invested in 111,742 shares. D E Shaw reported 1.19M shares. The Germany-based Deutsche Bankshares Ag has invested 0.02% in Wayfair Inc. (NYSE:W). Eventide Asset Ltd Liability Com holds 2.7% or 565,000 shares. State Common Retirement Fund has invested 0.01% in Wayfair Inc. (NYSE:W). Employees Retirement Association Of Colorado holds 7,104 shares.

Among 30 analysts covering Wayfair LLC (NYSE:W), 16 have Buy rating, 1 Sell and 13 Hold. Therefore 53% are positive. Wayfair LLC had 72 analyst reports since July 31, 2015 according to SRatingsIntel. Gordon Haskett Capital Corporation upgraded the stock to “Buy” rating in Tuesday, September 5 report. The firm earned “Neutral” rating on Wednesday, April 6 by Sterne Agee CRT. The firm earned “Negative” rating on Friday, October 2 by OTR. The firm earned “Neutral” rating on Wednesday, August 10 by Goldman Sachs. The firm has “Sector Weight” rating given on Tuesday, December 8 by Pacific Crest. The stock of Wayfair Inc. (NYSE:W) has “Buy” rating given on Sunday, October 1 by Canaccord Genuity. The stock has “Buy” rating by Gordon Haskett on Tuesday, May 9. Canaccord Genuity maintained Wayfair Inc. (NYSE:W) rating on Tuesday, August 8. Canaccord Genuity has “Buy” rating and $9000 target. On Tuesday, June 27 the stock rating was downgraded by Gordon Haskett to “Accumulate”. Piper Jaffray maintained the stock with “Buy” rating in Friday, July 28 report.

Analysts await Wayfair Inc. (NYSE:W) to report earnings on February, 22. They expect $-0.70 earnings per share, down 37.25% or $0.19 from last year’s $-0.51 per share. After $-0.88 actual earnings per share reported by Wayfair Inc. for the previous quarter, Wall Street now forecasts -20.45% EPS growth.

Contour Asset Management Llc increased Symantec Corp (NASDAQ:SYMC) stake by 550,096 shares to 3.35 million valued at $94.65M in 2017Q2. It also upped Workday Inc (NYSE:WDAY) stake by 496,494 shares and now owns 833,794 shares. Netflix Inc (Call) (NASDAQ:NFLX) was raised too.

Analysts await OSI Systems, Inc. (NASDAQ:OSIS) to report earnings on January, 25. They expect $0.88 earnings per share, up 29.41% or $0.20 from last year’s $0.68 per share. OSIS’s profit will be $16.70 million for 18.18 P/E if the $0.88 EPS becomes a reality. After $0.79 actual earnings per share reported by OSI Systems, Inc. for the previous quarter, Wall Street now forecasts 11.39% EPS growth.

Neumeier Poma Investment Counsel Llc holds 3.63% of its portfolio in OSI Systems, Inc. for 414,815 shares. Daruma Capital Management Llc owns 667,428 shares or 2.99% of their US portfolio. Moreover, Fny Managed Accounts Llc has 2.49% invested in the company for 3,300 shares. The New York-based G2 Investment Partners Management Llc has invested 2.31% in the stock. Granahan Investment Management Inc Ma, a Massachusetts-based fund reported 166,398 shares.

The stock increased 7.52% or $4.47 during the last trading session, reaching $63.99. About 1.88M shares traded or 489.41% up from the average. OSI Systems, Inc. (OSIS) has risen 56.65% since December 7, 2016 and is uptrending. It has outperformed by 39.95% the S&P500.

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