As Equinix (EQIX) Share Value Rose, Holder Kornitzer Capital Management Decreased Its Holding; Devon Energy New (DVN) Position Maintained by Tradition Capital Management Llc

December 17, 2017 - By Vivian Currie

Tradition Capital Management Llc increased its stake in Devon Energy Corp New (DVN) by 129.47% based on its latest 2017Q2 regulatory filing with the SEC. Tradition Capital Management Llc bought 31,626 shares as the company’s stock declined 13.09% while stock markets rallied. The institutional investor held 56,054 shares of the oil & gas production company at the end of 2017Q2, valued at $1.79 million, up from 24,428 at the end of the previous reported quarter. Tradition Capital Management Llc who had been investing in Devon Energy Corp New for a number of months, seems to be bullish on the $19.80 billion market cap company. The stock decreased 0.84% or $0.32 during the last trading session, reaching $37.68. About 8.03 million shares traded or 72.46% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since December 17, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Kornitzer Capital Management Inc decreased its stake in Equinix Inc (EQIX) by 1.73% based on its latest 2017Q2 regulatory filing with the SEC. Kornitzer Capital Management Inc sold 1,543 shares as the company’s stock rose 14.02% with the market. The institutional investor held 87,599 shares of the consumer services company at the end of 2017Q2, valued at $37.59 million, down from 89,142 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Equinix Inc for a number of months, seems to be less bullish one the $35.82B market cap company. The stock decreased 0.54% or $2.5 during the last trading session, reaching $457.85. About 846,660 shares traded or 108.03% up from the average. Equinix, Inc. (NASDAQ:EQIX) has risen 24.40% since December 17, 2016 and is uptrending. It has outperformed by 7.70% the S&P500.

Among 23 analysts covering Equinix (NASDAQ:EQIX), 21 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Equinix had 57 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, July 28 with “Outperform”. The firm earned “Buy” rating on Wednesday, May 31 by RBC Capital Markets. On Monday, July 3 the stock rating was maintained by Jefferies with “Hold”. On Friday, June 30 the stock rating was initiated by Credit Suisse with “Buy”. The rating was initiated by Guggenheim on Friday, December 2 with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, February 16 report. The firm earned “Buy” rating on Tuesday, November 24 by SunTrust. The stock has “Buy” rating by SunTrust on Thursday, October 12. The stock of Equinix, Inc. (NASDAQ:REIT) has “Outperform” rating given on Thursday, October 29 by RBC Capital Markets. The rating was upgraded by Wells Fargo on Monday, January 4 to “Outperform”.

Investors sentiment is 1.46 in Q2 2017. Its the same as in 2017Q1. It is flat, as 28 investors sold EQIX shares while 139 reduced holdings. only 56 funds opened positions while 187 raised stakes. 73.73 million shares or 0.79% less from 74.32 million shares in 2017Q1 were reported. Susquehanna Gru Llp holds 0% or 22,172 shares. Moreover, Selkirk Mngmt Ltd Liability Co has 10.68% invested in Equinix, Inc. (NASDAQ:REIT). Uss Invest Limited invested 1.35% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Lmr Prtn Ltd Liability Partnership has 40,164 shares for 1.08% of their portfolio. Korea Inv Corp has 111,475 shares. American Intll Gp holds 30,739 shares. Tcw Group invested in 1.43% or 400,033 shares. White Pine Cap Lc invested in 0.76% or 4,489 shares. Caisse De Depot Et Placement Du Quebec holds 5,316 shares. Ashford Cap stated it has 0.4% in Equinix, Inc. (NASDAQ:REIT). Daiwa Grp Inc Inc owns 1.58 million shares. Schroder Invest Mgmt Gp accumulated 86 shares. Three Peaks Lc invested in 1.06% or 16,722 shares. Crosslink stated it has 31,700 shares. Rampart Investment Mgmt Communication Ltd Liability Company stated it has 0.14% in Equinix, Inc. (NASDAQ:REIT).

Since August 7, 2017, it had 0 insider buys, and 4 sales for $3.36 million activity. PAISLEY CHRISTOPHER B also sold $222,980 worth of Equinix, Inc. (NASDAQ:REIT) shares. $656,063 worth of stock was sold by Campbell Michael Earl on Friday, September 1. VAN CAMP PETER sold 4,444 shares worth $1.98M.

Kornitzer Capital Management Inc, which manages about $11.35 billion and $5.71B US Long portfolio, upped its stake in Kornit Digital Ltd by 230,385 shares to 363,485 shares, valued at $7.03 million in 2017Q2, according to the filing. It also increased its holding in Hd Supply Holdings Inc (NASDAQ:HDS) by 41,185 shares in the quarter, for a total of 150,890 shares, and has risen its stake in Bristol Myers Squibb Co (NYSE:BMY).

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.06, from 1.02 in 2017Q1. It improved, as 84 investors sold DVN shares while 210 reduced holdings. 74 funds opened positions while 243 raised stakes. 400.45 million shares or 0.08% more from 400.14 million shares in 2017Q1 were reported. California State Teachers Retirement System has invested 0.07% in Devon Energy Corporation (NYSE:DVN). Sir Cap Management Ltd Partnership holds 4.17% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 870,105 shares. Fiduciary Mgmt Wi invested in 0.95% or 4.94 million shares. Thompson Davis & invested in 499 shares or 0.03% of the stock. Riverhead Capital Management Ltd holds 0.01% or 7,970 shares in its portfolio. Envestnet Asset Management holds 46,873 shares. Airain Limited holds 0.48% or 340,528 shares in its portfolio. Security National Trust accumulated 3,960 shares or 0.04% of the stock. New York-based Blackrock Inc has invested 0.08% in Devon Energy Corporation (NYSE:DVN). 1.12 million are owned by Credit Suisse Ag. Barnett Company Inc accumulated 0.02% or 1,540 shares. Cornerstone reported 483 shares or 0.01% of all its holdings. Corecommodity Limited Company holds 7,013 shares or 0.22% of its portfolio. Exane Derivatives owns 5,650 shares. Poplar Forest Capital Ltd Liability Corp reported 358,438 shares.

Among 34 analysts covering Devon Energy Corporation (NYSE:DVN), 23 have Buy rating, 0 Sell and 11 Hold. Therefore 68% are positive. Devon Energy Corporation had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Devon Energy Corporation (NYSE:DVN) has “Hold” rating given on Tuesday, July 4 by Jefferies. The rating was downgraded by Bernstein to “Market Perform” on Thursday, July 6. Cowen & Co maintained the stock with “Buy” rating in Tuesday, July 18 report. As per Monday, September 14, the company rating was maintained by Citigroup. The firm has “Buy” rating by Cowen & Co given on Sunday, August 20. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 14. The stock has “Outperform” rating by RBC Capital Markets on Thursday, February 18. The firm earned “Peer Perform” rating on Friday, February 19 by Wolfe Research. The firm earned “Buy” rating on Friday, April 15 by Evercore. The stock of Devon Energy Corporation (NYSE:DVN) earned “Market Perform” rating by Wells Fargo on Wednesday, January 11.

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