Adi Capital Management Trimmed Its Extreme Networks (EXTR) Stake by $3.90 Million; Nomura Holdings Has Lowered Meritor (Call) (MTOR) Stake as Stock Declined

April 22, 2018 - By Marie Mckinney

Meritor, Inc. (NYSE:MTOR) Logo

Adi Capital Management Llc decreased its stake in Extreme Networks Inc (EXTR) by 20.25% based on its latest 2017Q4 regulatory filing with the SEC. Adi Capital Management Llc sold 325,116 shares as the company’s stock declined 7.89% with the market. The institutional investor held 1.28M shares of the technology company at the end of 2017Q4, valued at $16.03 million, down from 1.61M at the end of the previous reported quarter. Adi Capital Management Llc who had been investing in Extreme Networks Inc for a number of months, seems to be less bullish one the $1.25 billion market cap company. The stock decreased 0.46% or $0.05 during the last trading session, reaching $10.87. About 926,298 shares traded. Extreme Networks, Inc. (NASDAQ:EXTR) has risen 78.12% since April 22, 2017 and is uptrending. It has outperformed by 66.57% the S&P500.

Nomura Holdings Inc decreased its stake in Meritor Inc (Call) (MTOR) by 93.92% based on its latest 2017Q4 regulatory filing with the SEC. Nomura Holdings Inc sold 117,400 shares as the company’s stock declined 12.81% with the market. The institutional investor held 7,600 shares of the capital goods company at the end of 2017Q4, valued at $178,000, down from 125,000 at the end of the previous reported quarter. Nomura Holdings Inc who had been investing in Meritor Inc (Call) for a number of months, seems to be less bullish one the $1.93 billion market cap company. The stock decreased 0.18% or $0.04 during the last trading session, reaching $21.6. About 1.25 million shares traded. Meritor, Inc. (NYSE:MTOR) has risen 25.65% since April 22, 2017 and is uptrending. It has outperformed by 14.10% the S&P500.

Investors sentiment increased to 1.46 in Q4 2017. Its up 0.49, from 0.97 in 2017Q3. It improved, as 21 investors sold EXTR shares while 50 reduced holdings. 31 funds opened positions while 73 raised stakes. 89.19 million shares or 1.39% less from 90.45 million shares in 2017Q3 were reported. Raymond James owns 0.01% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 643,558 shares. 286,793 are owned by Gotham Asset Management Ltd Liability Corp. Nordea Investment Mgmt reported 200,037 shares or 0.01% of all its holdings. Fuller Thaler Asset Mgmt Inc has 0.09% invested in Extreme Networks, Inc. (NASDAQ:EXTR). Secor Cap Advsrs Limited Partnership holds 0.11% or 224,438 shares in its portfolio. Schwab Charles Mngmt reported 723,930 shares stake. Century Companies owns 591,432 shares for 0.01% of their portfolio. Lpl Ltd Limited Liability Company accumulated 24,420 shares or 0% of the stock. Rk Mngmt Ltd Liability Co owns 1.32M shares or 3.48% of their US portfolio. Nicholas Invest Prns LP has 0.46% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 551,972 shares. Thompson Davis Incorporated accumulated 26,442 shares or 0.78% of the stock. Navellier And Incorporated has 0.23% invested in Extreme Networks, Inc. (NASDAQ:EXTR). Clarivest Asset Management Limited Com owns 393,250 shares. Millennium Mngmt Lc invested in 0% or 217,003 shares. The Netherlands-based Apg Asset Management Nv has invested 0% in Extreme Networks, Inc. (NASDAQ:EXTR).

Among 6 analysts covering Extreme Networks Inc (NASDAQ:EXTR), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Extreme Networks Inc had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by JMP Securities with “Buy” on Wednesday, January 3. The rating was maintained by Cowen & Co with “Buy” on Tuesday, February 6. As per Thursday, September 15, the company rating was upgraded by DA Davidson. The firm has “Buy” rating given on Thursday, September 10 by Wunderlich. The firm has “Hold” rating given on Friday, August 14 by Zacks. Needham maintained Extreme Networks, Inc. (NASDAQ:EXTR) rating on Wednesday, February 7. Needham has “Buy” rating and $15.5 target. The stock has “Buy” rating by Wunderlich on Thursday, September 15. Craig Hallum maintained Extreme Networks, Inc. (NASDAQ:EXTR) on Wednesday, November 8 with “Buy” rating. On Wednesday, February 7 the stock rating was maintained by DA Davidson with “Buy”. The stock has “Buy” rating by Needham on Monday, September 19.

Analysts await Extreme Networks, Inc. (NASDAQ:EXTR) to report earnings on May, 8 after the close. They expect $0.13 earnings per share, up 62.50% or $0.05 from last year’s $0.08 per share. EXTR’s profit will be $14.99M for 20.90 P/E if the $0.13 EPS becomes a reality. After $0.09 actual earnings per share reported by Extreme Networks, Inc. for the previous quarter, Wall Street now forecasts 44.44% EPS growth.

Among 11 analysts covering Meritor (NYSE:MTOR), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Meritor had 47 analyst reports since August 14, 2015 according to SRatingsIntel. Barclays Capital maintained Meritor, Inc. (NYSE:MTOR) on Thursday, March 23 with “Equal Weight” rating. JP Morgan maintained Meritor, Inc. (NYSE:MTOR) rating on Tuesday, September 12. JP Morgan has “Neutral” rating and $21.5 target. The stock of Meritor, Inc. (NYSE:MTOR) earned “Equal-Weight” rating by Barclays Capital on Friday, October 20. On Wednesday, January 24 the stock rating was upgraded by Longbow to “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, January 31. The rating was maintained by Stifel Nicolaus on Monday, September 4 with “Buy”. As per Wednesday, November 15, the company rating was maintained by KeyBanc Capital Markets. On Monday, May 15 the stock rating was initiated by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained it with “Buy” rating and $30.0 target in Wednesday, November 15 report. The stock of Meritor, Inc. (NYSE:MTOR) earned “Buy” rating by RBC Capital Markets on Tuesday, December 19.

Nomura Holdings Inc, which manages about $56.24B US Long portfolio, upped its stake in Assurant Inc (NYSE:AIZ) by 92,197 shares to 98,235 shares, valued at $9.91 million in 2017Q4, according to the filing. It also increased its holding in Udr Inc (NYSE:UDR) by 23,654 shares in the quarter, for a total of 37,284 shares, and has risen its stake in Ebay Inc (Call) (NASDAQ:EBAY).

Analysts await Meritor, Inc. (NYSE:MTOR) to report earnings on May, 3 before the open. They expect $0.66 EPS, up 88.57% or $0.31 from last year’s $0.35 per share. MTOR’s profit will be $58.85 million for 8.18 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by Meritor, Inc. for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Since December 11, 2017, it had 0 insider buys, and 7 sales for $8.51 million activity. 15,826 Meritor, Inc. (NYSE:MTOR) shares with value of $405,856 were sold by Plomin Joseph A.. Another trade for 155,000 shares valued at $4.06 million was made by Craig Jeffrey A on Thursday, February 15. Nowlan Kevin sold $1.45M worth of stock or 50,000 shares.

Investors sentiment decreased to 1.41 in 2017 Q4. Its down 0.37, from 1.78 in 2017Q3. It worsened, as 30 investors sold MTOR shares while 58 reduced holdings. 47 funds opened positions while 77 raised stakes. 80.86 million shares or 3.23% less from 83.56 million shares in 2017Q3 were reported. Morgan Stanley holds 2.22M shares. Barclays Public Ltd Company accumulated 60,829 shares or 0% of the stock. Parametrica Management Ltd has invested 0.23% of its portfolio in Meritor, Inc. (NYSE:MTOR). Ameriprise invested in 33,372 shares or 0% of the stock. Tower Research Cap Limited Co (Trc) owns 1,744 shares. Credit Suisse Ag has 0% invested in Meritor, Inc. (NYSE:MTOR) for 110,659 shares. Ubs Oconnor Ltd Llc accumulated 0.06% or 87,000 shares. Susquehanna Interest Gru Ltd Liability Partnership owns 0% invested in Meritor, Inc. (NYSE:MTOR) for 83,776 shares. Peak6 Invests Limited Partnership reported 0% in Meritor, Inc. (NYSE:MTOR). Aqr Mgmt Ltd Liability Corporation has invested 0.03% in Meritor, Inc. (NYSE:MTOR). Vanguard reported 11.41 million shares. Meeder Asset Mgmt holds 0.02% in Meritor, Inc. (NYSE:MTOR) or 9,387 shares. 82,239 were reported by Indexiq Ltd Liability Co. Gemmer Asset Ltd Liability holds 875 shares. Nordea Invest Mgmt invested in 0.02% or 375,500 shares.

Meritor, Inc. (NYSE:MTOR) Institutional Positions Chart

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