Dalton Investments Lowered Its Himax Technologies (HIMX) Stake by $2.00 Million; Share Value Declined; Take (TTWO) Shareholder King Luther Capital Management Cut Its Stake by $1.56 Million as Stock Price Declined

April 17, 2018 - By Hazel Jackson

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Logo

King Luther Capital Management Corp decreased its stake in Take (TTWO) by 57.78% based on its latest 2017Q4 regulatory filing with the SEC. King Luther Capital Management Corp sold 14,285 shares as the company’s stock declined 10.17% with the market. The institutional investor held 10,440 shares of the technology company at the end of 2017Q4, valued at $1.15 million, down from 24,725 at the end of the previous reported quarter. King Luther Capital Management Corp who had been investing in Take for a number of months, seems to be less bullish one the $11.26 billion market cap company. The stock increased 1.32% or $1.28 during the last trading session, reaching $98.47. About 883,738 shares traded. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 67.39% since April 17, 2017 and is uptrending. It has outperformed by 55.84% the S&P500.

Gifford Combs decreased its stake in Himax Technologies Inc (HIMX) by 9.49% based on its latest 2017Q4 regulatory filing with the SEC. Dalton Investments Llc sold 200,000 shares as the company’s stock declined 34.70% with the market. The hedge fund run by Gifford Combs held 1.91 million shares of the technology company at the end of 2017Q4, valued at $19.88M, down from 2.11 million at the end of the previous reported quarter. Dalton Investments Llc who had been investing in Himax Technologies Inc for a number of months, seems to be less bullish one the $1.25B market cap company. The stock increased 1.12% or $0.08 during the last trading session, reaching $7.24. About 1.99M shares traded. Himax Technologies, Inc. (NASDAQ:HIMX) has declined 30.83% since April 17, 2017 and is downtrending. It has underperformed by 42.38% the S&P500.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.09, from 1.18 in 2017Q3. It improved, as 45 investors sold TTWO shares while 123 reduced holdings. 93 funds opened positions while 120 raised stakes. 98.01 million shares or 2.20% less from 100.22 million shares in 2017Q3 were reported. Amundi Pioneer Asset Mngmt Inc has invested 0.01% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Sanctuary Wealth Advisors Limited Com has 3.38% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Stephens Investment Mgmt Ltd Llc invested 1.48% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Tiger Eye Capital Limited invested in 444,431 shares. 500 are owned by Reilly Financial Advsr Lc. Moreover, Alliancebernstein LP has 0.14% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt Corp holds 70,000 shares or 0.07% of its portfolio. Balyasny Asset Mngmt Ltd Limited Liability Company stated it has 0.27% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). 6,018 were accumulated by Mirae Asset Global. First Utd Bancshares Tru holds 0.36% or 5,085 shares. First Manhattan reported 63 shares or 0% of all its holdings. Amp Cap Ltd has 34,545 shares. Eagle Asset Management Inc owns 0.53% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 870,410 shares. Cwm Lc holds 15 shares. Moreover, River Mercantile Asset Mngmt Llp has 0.59% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

King Luther Capital Management Corp, which manages about $16.93B and $12.23 billion US Long portfolio, upped its stake in Mammoth Energy Svcs Inc by 30,000 shares to 54,520 shares, valued at $1.07M in 2017Q4, according to the filing. It also increased its holding in American Express Co (NYSE:AXP) by 3,208 shares in the quarter, for a total of 96,524 shares, and has risen its stake in Union Pac Corp (NYSE:UNP).

Since February 15, 2018, it had 0 buys, and 3 selling transactions for $48.28 million activity. On Monday, April 2 ZELNICK STRAUSS sold $24.12M worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) or 252,197 shares. The insider Sheresky Michael sold 428 shares worth $46,271.

Among 20 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Take-Two Interactive Software had 77 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Buckingham Research on Wednesday, November 8 with “Buy”. Cowen & Co downgraded the stock to “Market Perform” rating in Monday, October 9 report. The firm has “Buy” rating by Piper Jaffray given on Friday, April 6. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Buy” rating given on Thursday, September 7 by KeyBanc Capital Markets. Wedbush maintained the shares of TTWO in report on Thursday, February 4 with “Neutral” rating. The firm has “Overweight” rating by Barclays Capital given on Wednesday, November 8. The rating was maintained by Stifel Nicolaus on Wednesday, January 11 with “Buy”. Robert W. Baird maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Thursday, September 14 with “Hold” rating. The firm has “Buy” rating by Brean Capital given on Tuesday, August 11. BMO Capital Markets maintained the shares of TTWO in report on Friday, October 13 with “Buy” rating.

Analysts await Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report earnings on May, 22. They expect $0.44 earnings per share, down 32.31% or $0.21 from last year’s $0.65 per share. TTWO’s profit will be $50.30 million for 55.95 P/E if the $0.44 EPS becomes a reality. After $1.18 actual earnings per share reported by Take-Two Interactive Software, Inc. for the previous quarter, Wall Street now forecasts -62.71% negative EPS growth.

Dalton Investments Llc, which manages about $3.14 billion and $265.26M US Long portfolio, upped its stake in Gds Hldgs Ltd by 437,165 shares to 625,773 shares, valued at $14.10M in 2017Q4, according to the filing. It also increased its holding in Icici Bk Ltd (NYSE:IBN) by 54,490 shares in the quarter, for a total of 1.02M shares, and has risen its stake in Dr Reddys Labs Ltd (NYSE:RDY).

Among 12 analysts covering Himax Tech (NASDAQ:HIMX), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Himax Tech had 55 analyst reports since August 10, 2015 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $12.0 target in Tuesday, January 9 report. As per Monday, January 30, the company rating was downgraded by Robert W. Baird. The firm earned “Buy” rating on Friday, February 5 by Lake Street. Craig Hallum upgraded it to “Buy” rating and $11 target in Tuesday, February 23 report. The stock of Himax Technologies, Inc. (NASDAQ:HIMX) earned “Sell” rating by Oppenheimer on Friday, July 14. The company was maintained on Wednesday, August 30 by Roth Capital. The rating was upgraded by Northland Capital on Thursday, December 3 to “Outperform”. The stock of Himax Technologies, Inc. (NASDAQ:HIMX) earned “Sell” rating by Rosenblatt on Friday, July 21. The rating was downgraded by Craig Hallum to “Hold” on Tuesday, January 10. As per Friday, March 9, the company rating was downgraded by Nomura.

Analysts await Himax Technologies, Inc. (NASDAQ:HIMX) to report earnings on May, 10. They expect $-0.03 earnings per share, down 400.00% or $0.04 from last year’s $0.01 per share. After $0.14 actual earnings per share reported by Himax Technologies, Inc. for the previous quarter, Wall Street now forecasts -121.43% negative EPS growth.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Institutional Positions Chart

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