As 3M Co (MMM) Market Value Declined, South Texas Money Management LTD Decreased Its Position; J Goldman & Company LP Position in Hd Supply Hldgs (Call) (HDS) Has Boosted by $1.00 Million as Stock Declined

April 25, 2018 - By Richard Conner

HD Supply Holdings, Inc. (NASDAQ:HDS) Logo

South Texas Money Management Ltd decreased its stake in 3M Co (MMM) by 19.23% based on its latest 2017Q4 regulatory filing with the SEC. South Texas Money Management Ltd sold 6,846 shares as the company’s stock declined 8.03% with the market. The institutional investor held 28,750 shares of the medical and dental instruments company at the end of 2017Q4, valued at $6.77 million, down from 35,596 at the end of the previous reported quarter. South Texas Money Management Ltd who had been investing in 3M Co for a number of months, seems to be less bullish one the $119.61 billion market cap company. The stock decreased 6.83% or $14.75 during the last trading session, reaching $201.13. About 11.67M shares traded or 304.63% up from the average. 3M Company (NYSE:MMM) has risen 13.36% since April 25, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

J Goldman & Company Lp increased its stake in Hd Supply Hldgs Inc (Call) (HDS) by 16.67% based on its latest 2017Q4 regulatory filing with the SEC. J Goldman & Company Lp bought 25,000 shares as the company’s stock declined 4.93% with the market. The hedge fund held 175,000 shares of the consumer services company at the end of 2017Q4, valued at $7.01M, up from 150,000 at the end of the previous reported quarter. J Goldman & Company Lp who had been investing in Hd Supply Hldgs Inc (Call) for a number of months, seems to be bullish on the $7.10 billion market cap company. The stock decreased 2.22% or $0.87 during the last trading session, reaching $38.28. About 1.41 million shares traded. HD Supply Holdings, Inc. (NASDAQ:HDS) has declined 6.70% since April 25, 2017 and is downtrending. It has underperformed by 18.25% the S&P500.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.59, from 0.62 in 2017Q3. It improved, as 25 investors sold HDS shares while 103 reduced holdings. 70 funds opened positions while 85 raised stakes. 175.32 million shares or 6.01% less from 186.53 million shares in 2017Q3 were reported. Gotham Asset Mgmt Limited Liability holds 615,853 shares or 0.36% of its portfolio. Nomura Asset Management reported 27,453 shares or 0.01% of all its holdings. State Of Wisconsin Invest Board owns 155,094 shares or 0.02% of their US portfolio. Balyasny Asset Mgmt Ltd Liability Com has 18,948 shares for 0% of their portfolio. Sandy Spring National Bank has invested 0.33% in HD Supply Holdings, Inc. (NASDAQ:HDS). New Jersey Better Educational Savings has invested 0.32% of its portfolio in HD Supply Holdings, Inc. (NASDAQ:HDS). Engineers Gate Manager Limited Partnership reported 0.38% stake. Thompson Invest Mgmt Inc, a Wisconsin-based fund reported 130,674 shares. 11,800 were accumulated by Menta Capital. Brown Advisory Securities Ltd Liability Corporation owns 38,059 shares for 0.29% of their portfolio. Td Asset Mgmt, a Ontario – Canada-based fund reported 251,123 shares. First Pacific Advisors Ltd Liability holds 0% or 13,000 shares. Vaughan Nelson Invest Mngmt Lp has invested 0.44% in HD Supply Holdings, Inc. (NASDAQ:HDS). Paradigm Fincl Ltd Limited Liability Company stated it has 29,086 shares or 0.53% of all its holdings. Pub Employees Retirement Systems Of Ohio has 84,318 shares for 0.02% of their portfolio.

J Goldman & Company Lp, which manages about $1.17B and $1.84 billion US Long portfolio, decreased its stake in Barclays Bk Plc by 19,990 shares to 5,010 shares, valued at $140,000 in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (IWM) by 826,000 shares in the quarter, leaving it with 36,500 shares, and cut its stake in Tesla Inc (NASDAQ:TSLA).

Among 19 analysts covering HD Supply Holdings (NASDAQ:HDS), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. HD Supply Holdings had 58 analyst reports since July 30, 2015 according to SRatingsIntel. Longbow initiated HD Supply Holdings, Inc. (NASDAQ:HDS) rating on Thursday, June 2. Longbow has “Buy” rating and $43 target. Robert W. Baird downgraded the shares of HDS in report on Wednesday, June 7 to “Neutral” rating. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, March 13 report. On Friday, June 17 the stock rating was reinitiated by Credit Suisse with “Outperform”. Suntrust Robinson downgraded the shares of HDS in report on Wednesday, December 7 to “Hold” rating. Susquehanna downgraded HD Supply Holdings, Inc. (NASDAQ:HDS) on Wednesday, June 14 to “Neutral” rating. Susquehanna maintained it with “Hold” rating and $41.0 target in Wednesday, January 3 report. The company was maintained on Tuesday, December 5 by RBC Capital Markets. On Thursday, October 15 the stock rating was initiated by Goldman Sachs with “Buy”. Longbow downgraded the shares of HDS in report on Monday, July 10 to “Neutral” rating.

South Texas Money Management Ltd, which manages about $2.17B and $2.15B US Long portfolio, upped its stake in Floor& Decor Hldgs Inc Cl A by 21,244 shares to 418,776 shares, valued at $20.39 million in 2017Q4, according to the filing. It also increased its holding in Michelin (Cgde) (MGDDY) by 32,119 shares in the quarter, for a total of 974,806 shares, and has risen its stake in Spdr Gold Trust (GLD).

Since October 27, 2017, it had 0 buys, and 17 insider sales for $31.08 million activity. Another trade for 13,480 shares valued at $3.33 million was sold by Keel Paul A. Shares for $4.75M were sold by THULIN INGE G on Wednesday, January 31. Another trade for 400 shares valued at $92,023 was sold by Lindekugel Jon T. $1.54 million worth of 3M Company (NYSE:MMM) was sold by Vale Michael G.. 225 shares were sold by Vrohidis Ippocratis, worth $56,178. Bauman James L sold $700,790 worth of stock.

3M Company (NYSE:MMM) Institutional Positions Chart

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