EPS for New Relic (NEWR) Expected At $-0.28; Assurant (AIZ) Sellers Decreased By 10.56% Their Shorts

October 13, 2017 - By Vivian Park

Assurant Incorporated (NYSE:AIZ) had a decrease of 10.56% in short interest. AIZ’s SI was 843,400 shares in October as released by FINRA. Its down 10.56% from 943,000 shares previously. With 320,000 avg volume, 3 days are for Assurant Incorporated (NYSE:AIZ)’s short sellers to cover AIZ’s short positions. About 245,280 shares traded. Assurant, Inc. (NYSE:AIZ) has risen 14.19% since October 13, 2016 and is uptrending. It has underperformed by 2.51% the S&P500.

Analysts expect New Relic Inc (NYSE:NEWR) to report $-0.28 EPS on November, 6.They anticipate $0.02 EPS change or 7.69% from last quarter’s $-0.26 EPS. After having $-0.27 EPS previously, New Relic Inc’s analysts see 3.70% EPS growth. About 112,219 shares traded. New Relic Inc (NYSE:NEWR) has risen 65.48% since October 13, 2016 and is uptrending. It has outperformed by 48.78% the S&P500.

Assurant, Inc. is a provider of risk management solutions in the housing and lifestyle markets. The company has market cap of $5.15 billion. The Firm operates in North America, Latin America, Europe and Asia. It has a 12.57 P/E ratio. The Company’s divisions include Global Housing, Global Lifestyle and Global Preneed.

Among 7 analysts covering Assurant (NYSE:AIZ), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Assurant had 10 analyst reports since July 30, 2015 according to SRatingsIntel. As per Wednesday, October 21, the company rating was maintained by Piper Jaffray. The company was upgraded on Monday, August 3 by Bank of America. Credit Suisse initiated Assurant, Inc. (NYSE:AIZ) on Friday, October 7 with “Neutral” rating. The firm has “Underperform” rating by Bank of America given on Monday, January 9. The stock has “Hold” rating by Jefferies on Friday, August 14. The company was maintained on Wednesday, October 11 by SunTrust. The firm has “Neutral” rating given on Thursday, October 20 by Bank of America. The stock of Assurant, Inc. (NYSE:AIZ) earned “Buy” rating by SunTrust on Thursday, July 30.

Investors sentiment increased to 0.97 in Q2 2017. Its up 0.05, from 0.92 in 2017Q1. It improved, as 24 investors sold Assurant, Inc. shares while 120 reduced holdings. 46 funds opened positions while 93 raised stakes. 47.53 million shares or 3.53% less from 49.27 million shares in 2017Q1 were reported. 7,056 are held by Scotia Capital Incorporated. Thompson Siegel And Walmsley Ltd Company reported 426 shares. First Advisors L P, a Illinois-based fund reported 391,232 shares. Renaissance Llc owns 9,000 shares or 0% of their US portfolio. 190 were reported by Ftb. Creative Planning owns 24 shares for 0% of their portfolio. Sun Life Fin Inc owns 402 shares or 0% of their US portfolio. Advisory Ntwk Limited Liability Corporation stated it has 2,650 shares or 0.04% of all its holdings. Geode Mgmt Ltd Liability Co has 0.02% invested in Assurant, Inc. (NYSE:AIZ) for 573,704 shares. Quantitative Systematic Strategies Limited Liability Corp has 0.09% invested in Assurant, Inc. (NYSE:AIZ) for 3,334 shares. Old Mutual Customised Solutions (Proprietary) accumulated 3,100 shares. The United Kingdom-based Hermes Inv Management Limited has invested 0.01% in Assurant, Inc. (NYSE:AIZ). First Manhattan reported 63,015 shares stake. Telemus Cap Ltd Co holds 0.06% of its portfolio in Assurant, Inc. (NYSE:AIZ) for 3,974 shares. Livforsakringsbolaget Skandia Omsesidigt, Sweden-based fund reported 1,077 shares.

Since May 31, 2017, it had 0 insider purchases, and 2 insider sales for $916,110 activity. Pagano Christopher J had sold 2,000 shares worth $195,505 on Wednesday, May 31.

New Relic, Inc. is a provider of enterprise software. The company has market cap of $2.75 billion. The Company’s cloud platform and range of products enable organizations to collect, store and analyze software data in real time. It currently has negative earnings. The Company’s New Relic Software Analytics Cloud consists of an integrated suite of products, a data database and an open platform.

Among 12 analysts covering New Relic Inc (NYSE:NEWR), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. New Relic Inc had 27 analyst reports since August 7, 2015 according to SRatingsIntel. Robert W. Baird initiated New Relic Inc (NYSE:NEWR) on Friday, May 13 with “Neutral” rating. The stock of New Relic Inc (NYSE:NEWR) earned “Buy” rating by Needham on Tuesday, November 17. Cowen & Co initiated the stock with “Outperform” rating in Friday, June 24 report. As per Friday, August 4, the company rating was downgraded by First Analysis. The firm has “Buy” rating given on Friday, November 18 by Guggenheim. The rating was initiated by Oppenheimer on Thursday, September 10 with “Outperform”. The stock of New Relic Inc (NYSE:NEWR) earned “Buy” rating by Guggenheim on Tuesday, December 15. The rating was upgraded by DA Davidson on Wednesday, August 12 to “Buy”. The rating was maintained by Cowen & Co with “Buy” on Friday, August 4. As per Tuesday, September 19, the company rating was maintained by KeyBanc Capital Markets.

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