Par Capital Management Cut Position in Grubhub (GRUB) as Share Price Rose; Dorsey Wright & Associates Has Upped Position in Synopsys Com (SNPS) as Valuation Rose

January 14, 2018 - By Stephen Andrade

Paul Reeder decreased its stake in Grubhub Inc (GRUB) by 10.83% based on its latest 2017Q3 regulatory filing with the SEC. Par Capital Management Inc sold 727,300 shares as the company’s stock rose 15.35% with the market. The hedge fund run by Paul Reeder held 5.99M shares of the business services company at the end of 2017Q3, valued at $315.42 million, down from 6.72M at the end of the previous reported quarter. Par Capital Management Inc who had been investing in Grubhub Inc for a number of months, seems to be less bullish one the $6.12 billion market cap company. The stock increased 3.50% or $2.39 during the last trading session, reaching $70.61. About 1.54M shares traded or 10.10% up from the average. GrubHub Inc. (NYSE:GRUB) has risen 94.22% since January 14, 2017 and is uptrending. It has outperformed by 77.52% the S&P500.

Dorsey Wright & Associates increased its stake in Synopsys Inc Com (SNPS) by 31.53% based on its latest 2017Q3 regulatory filing with the SEC. Dorsey Wright & Associates bought 5,979 shares as the company’s stock rose 0.68% with the market. The institutional investor held 24,939 shares of the technology company at the end of 2017Q3, valued at $2.01 million, up from 18,960 at the end of the previous reported quarter. Dorsey Wright & Associates who had been investing in Synopsys Inc Com for a number of months, seems to be bullish on the $13.44 billion market cap company. The stock increased 0.74% or $0.66 during the last trading session, reaching $90.37. About 616,174 shares traded. Synopsys, Inc. (NASDAQ:SNPS) has risen 45.65% since January 14, 2017 and is uptrending. It has outperformed by 28.95% the S&P500.

Analysts await GrubHub Inc. (NYSE:GRUB) to report earnings on February, 14. They expect $0.24 earnings per share, up 26.32% or $0.05 from last year’s $0.19 per share. GRUB’s profit will be $20.80M for 73.55 P/E if the $0.24 EPS becomes a reality. After $0.22 actual earnings per share reported by GrubHub Inc. for the previous quarter, Wall Street now forecasts 9.09% EPS growth.

Par Capital Management Inc, which manages about $3.46B and $8.80 billion US Long portfolio, upped its stake in Wix Com Ltd (NASDAQ:WIX) by 5,000 shares to 9,000 shares, valued at $647,000 in 2017Q3, according to the filing. It also increased its holding in Conns Inc (NASDAQ:CONN) by 40,000 shares in the quarter, for a total of 3.04M shares, and has risen its stake in Herc Hldgs Inc.

Among 29 analysts covering Grubhub Inc (NYSE:GRUB), 17 have Buy rating, 2 Sell and 10 Hold. Therefore 59% are positive. Grubhub Inc had 105 analyst reports since July 27, 2015 according to SRatingsIntel. As per Monday, August 10, the company rating was initiated by Susquehanna. Canaccord Genuity maintained GrubHub Inc. (NYSE:GRUB) on Thursday, August 10 with “Buy” rating. The rating was initiated by Maxim Group with “Buy” on Friday, June 3. RBC Capital Markets downgraded it to “Sector Perform” rating and $27 target in Wednesday, October 28 report. The stock of GrubHub Inc. (NYSE:GRUB) has “Hold” rating given on Tuesday, August 16 by Jefferies. On Monday, July 27 the stock rating was downgraded by Cowen & Co to “Market Perform”. Northland Capital maintained GrubHub Inc. (NYSE:GRUB) on Wednesday, October 28 with “Outperform” rating. Monness Crespi downgraded it to “Sell” rating and $32 target in Tuesday, January 3 report. The rating was maintained by Bank of America on Tuesday, September 5 with “Buy”. Wells Fargo maintained GrubHub Inc. (NYSE:GRUB) rating on Monday, January 8. Wells Fargo has “Hold” rating and $68.0 target.

Since August 18, 2017, it had 0 insider buys, and 4 selling transactions for $3.37 million activity. $880,000 worth of Synopsys, Inc. (NASDAQ:SNPS) was sold by RUNKEL JOHN F JR on Tuesday, December 19. The insider Nikias Chrysostomos L sold $1.81M. CHAN CHI-FOON had sold 3,750 shares worth $290,635 on Friday, August 18.

Dorsey Wright & Associates, which manages about $743.59M and $433.88M US Long portfolio, decreased its stake in First Trust Dow Jones Internet Index Fund (FDN) by 19,420 shares to 3,731 shares, valued at $381,000 in 2017Q3, according to the filing.

Among 9 analysts covering Synopsys Inc. (NASDAQ:SNPS), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Synopsys Inc. had 28 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, August 25 by Pacific Crest. On Monday, June 19 the stock rating was maintained by RBC Capital Markets with “Buy”. maintained the shares of SNPS in report on Monday, October 10 with “Buy” rating. DA Davidson maintained Synopsys, Inc. (NASDAQ:SNPS) rating on Thursday, August 18. DA Davidson has “Buy” rating and $64 target. Needham maintained the stock with “Buy” rating in Thursday, November 30 report. Credit Suisse initiated the shares of SNPS in report on Wednesday, October 19 with “Outperform” rating. The rating was initiated by Bank of America on Friday, August 28 with “Average”. Benchmark initiated Synopsys, Inc. (NASDAQ:SNPS) on Wednesday, September 9 with “Hold” rating. RBC Capital Markets initiated the shares of SNPS in report on Monday, June 6 with “Outperform” rating. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, November 30.

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