Suncoast Equity Management Has Increased Facebook Cl A (FB) Stake, Applied Industrial Technologies (AIT) Had 0 Bulls

June 19, 2017 - By Peter Erickson

Suncoast Equity Management increased Facebook Inc Cl A (FB) stake by 108.68% reported in 2016Q4 SEC filing. Suncoast Equity Management acquired 49,111 shares as Facebook Inc Cl A (FB)’s stock rose 10.88%. The Suncoast Equity Management holds 94,301 shares with $10.85M value, up from 45,190 last quarter. Facebook Inc Cl A now has $444.10 billion valuation. The stock rose 1.16% or $1.74 reaching $152.38 per share. About 10.12 million shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since June 19, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Among 3 analysts covering Applied Industrial Technologies (NYSE:AIT), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Applied Industrial Technologies had 4 analyst reports since July 21, 2015 according to SRatingsIntel. Avondale maintained the shares of AIT in report on Monday, March 21 with “Market Perform” rating. The firm earned “Hold” rating on Monday, October 26 by BB&T Capital. As per Tuesday, July 21, the company rating was initiated by KeyBanc Capital Markets. The rating was upgraded by Longbow to “Underperform” on Wednesday, August 12. See Applied Industrial Technologies (NYSE:AIT) latest ratings:

Investors sentiment decreased to 1.25 in Q4 2016. Its down 0.15, from 1.4 in 2016Q3. It is negative, as 88 investors sold FB shares while 531 reduced holdings. 156 funds opened positions while 618 raised stakes. 1.60 billion shares or 1.23% more from 1.58 billion shares in 2016Q3 were reported. The Massachusetts-based Eastern Financial Bank has invested 1.22% in Facebook Inc (NASDAQ:FB). Truepoint has invested 0.62% of its portfolio in Facebook Inc (NASDAQ:FB). Focused Wealth Mngmt holds 22,919 shares. Lincoln has 0.06% invested in Facebook Inc (NASDAQ:FB) for 9,517 shares. 1832 Asset LP stated it has 0.42% in Facebook Inc (NASDAQ:FB). Da Davidson Com accumulated 86,518 shares or 0.23% of the stock. 28,659 were accumulated by Psagot Invest House. Ancora Ltd Llc holds 0.08% of its portfolio in Facebook Inc (NASDAQ:FB) for 9,410 shares. First Bank has invested 0.25% in Facebook Inc (NASDAQ:FB). First Tru Advisors Lp reported 1.38% stake. Eagle Limited Liability has 35,030 shares. Signaturefd Ltd Com invested in 6,867 shares. Quantbot Tech LP owns 148,334 shares. Cahill Advsr stated it has 0.14% in Facebook Inc (NASDAQ:FB). Nippon Life Insurance Company invested in 0.2% or 86,890 shares.

Among 47 analysts covering Facebook (NASDAQ:FB), 44 have Buy rating, 1 Sell and 2 Hold. Therefore 94% are positive. Facebook had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Facebook Inc (NASDAQ:FB) earned “Hold” rating by Pivotal Research on Thursday, February 2. The stock has “Buy” rating by UBS on Thursday, July 30. On Thursday, November 5 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Outperform” rating by FBR Capital given on Thursday, January 28. The stock of Facebook Inc (NASDAQ:FB) has “Overweight” rating given on Thursday, July 30 by Piper Jaffray. The firm earned “Buy” rating on Thursday, April 28 by Deutsche Bank. The firm earned “Buy” rating on Tuesday, July 28 by Axiom Capital. The stock of Facebook Inc (NASDAQ:FB) has “Strong Buy” rating given on Friday, January 13 by Raymond James. The firm earned “Market Outperform” rating on Thursday, November 3 by JMP Securities. The company was maintained on Thursday, April 28 by JMP Securities.

Since December 20, 2016, it had 0 buys, and 68 insider sales for $1.74 billion activity. Wehner David M. sold $3.00 million worth of stock. Zuckerberg Mark sold 798,076 shares worth $95.00 million. Cox Christopher K also sold $2.05 million worth of Facebook Inc (NASDAQ:FB) on Friday, January 20. $105,431 worth of Facebook Inc (NASDAQ:FB) was sold by Stretch Colin. $44.43 million worth of Facebook Inc (NASDAQ:FB) was sold by Sandberg Sheryl. 37,964 Facebook Inc (NASDAQ:FB) shares with value of $5.07 million were sold by Schroepfer Michael Todd. 243,929 Facebook Inc (NASDAQ:FB) shares with value of $34.22M were sold by Koum Jan.

Suncoast Equity Management decreased Nike Inc Class B (NYSE:NKE) stake by 27,464 shares to 350,447 valued at $17.81M in 2016Q4. It also reduced Mastercard Cl A (NYSE:MA) stake by 7,388 shares and now owns 115,627 shares. Paypal Hldgs Inc was reduced too.

Since February 7, 2017, it had 0 buys, and 5 insider sales for $926,728 activity. $199,537 worth of Applied Industrial Technologies (NYSE:AIT) shares were sold by HILTZ L THOMAS. KELLY GREEN EDITH also sold $300,019 worth of Applied Industrial Technologies (NYSE:AIT) on Monday, February 13. Shares for $61,850 were sold by Wallace Peter C. BARLETT TODD A also sold $242,170 worth of Applied Industrial Technologies (NYSE:AIT) shares.

About 36,937 shares traded. Applied Industrial Technologies (NYSE:AIT) has risen 39.79% since June 19, 2016 and is uptrending. It has outperformed by 23.09% the S&P500.

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