K2m Group Holdings (KTWO) Shareholder Timessquare Capital Management Has Increased Its Position by $658,155 as Market Value Rose; Wells Fargo (WFC) Share Value Declined While Notis-Mcconarty Edward Has Trimmed Position

April 24, 2018 - By Dolores Ford

K2M Group Holdings, Inc. (NASDAQ:KTWO) Logo

Notis-Mcconarty Edward decreased its stake in Wells Fargo (WFC) by 66.01% based on its latest 2017Q4 regulatory filing with the SEC. Notis-Mcconarty Edward sold 10,100 shares as the company’s stock declined 16.98% with the market. The institutional investor held 5,200 shares of the major banks company at the end of 2017Q4, valued at $315,000, down from 15,300 at the end of the previous reported quarter. Notis-Mcconarty Edward who had been investing in Wells Fargo for a number of months, seems to be less bullish one the $260.90 billion market cap company. The stock increased 1.75% or $0.92 during the last trading session, reaching $53.53. About 5.96 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 24, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Timessquare Capital Management Llc increased its stake in K2m Group Holdings Inc (KTWO) by 1.55% based on its latest 2017Q4 regulatory filing with the SEC. Timessquare Capital Management Llc bought 38,715 shares as the company’s stock rose 2.31% while stock markets declined. The institutional investor held 2.53 million shares of the health care company at the end of 2017Q4, valued at $45.59M, up from 2.49 million at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in K2m Group Holdings Inc for a number of months, seems to be bullish on the $841.03M market cap company. The stock decreased 0.26% or $0.05 during the last trading session, reaching $19.39. About 33,037 shares traded. K2M Group Holdings, Inc. (NASDAQ:KTWO) has declined 4.71% since April 24, 2017 and is downtrending. It has underperformed by 16.26% the S&P500.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It increased, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. First Republic Inv Incorporated holds 857,219 shares. Silvercrest Asset Mngmt Grp Inc Incorporated Ltd Liability holds 0.06% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 103,439 shares. Westport Asset Mngmt Incorporated holds 0.04% in Wells Fargo & Company (NYSE:WFC) or 1,000 shares. Northstar Inv Advisors Ltd Limited Liability Company invested in 10,721 shares or 0.12% of the stock. Cibc Bank & Trust Usa, a Illinois-based fund reported 31,364 shares. Nelson Roberts Invest Advsr Limited accumulated 0.06% or 3,094 shares. Loudon Inv Mngmt Limited Liability Corporation accumulated 26,546 shares. First Fiduciary Inv Counsel Incorporated, a Ohio-based fund reported 297,719 shares. First Long Island Invsts Lc invested in 2.1% or 254,313 shares. Lincoln Capital Limited Liability Com owns 0.21% invested in Wells Fargo & Company (NYSE:WFC) for 6,274 shares. Yacktman Asset Ltd Partnership reported 1.13% in Wells Fargo & Company (NYSE:WFC). Plante Moran Financial Advisors Limited Liability Corp has 9,051 shares. Ftb holds 0.17% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 29,777 shares. Sentinel Tru Lba, Texas-based fund reported 38,410 shares. Patriot Wealth Management holds 0.03% in Wells Fargo & Company (NYSE:WFC) or 3,618 shares.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 earnings per share, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 11.44 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Notis-Mcconarty Edward, which manages about $174.08M US Long portfolio, upped its stake in Alphabet Inc Cl A by 440 shares to 4,701 shares, valued at $4.95 million in 2017Q4, according to the filing. It also increased its holding in Automatic Data Processing (NASDAQ:ADP) by 3,415 shares in the quarter, for a total of 53,577 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 145 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Guggenheim on Thursday, October 15. The firm has “Buy” rating given on Thursday, January 4 by Goldman Sachs. The rating was downgraded by Vetr on Friday, August 28 to “Strong-Buy”. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Jefferies on Sunday, April 15. The rating was downgraded by JP Morgan on Monday, February 5 to “Underweight”. The stock of Wells Fargo & Company (NYSE:WFC) has “Sell” rating given on Thursday, March 24 by UBS. The rating was maintained by Jefferies with “Hold” on Friday, September 15. The firm has “Overweight” rating given on Tuesday, September 20 by Morgan Stanley. Bernstein upgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, January 3 to “Outperform” rating. As per Friday, November 18, the company rating was downgraded by BMO Capital Markets.

Timessquare Capital Management Llc, which manages about $20.35B and $15.23 billion US Long portfolio, decreased its stake in On Assignment Inc (NYSE:ASGN) by 314,805 shares to 1.58M shares, valued at $101.70M in 2017Q4, according to the filing. It also reduced its holding in Hff Inc. Cl A (NYSE:HF) by 489,375 shares in the quarter, leaving it with 522,034 shares, and cut its stake in Huron Consulting Group In (NASDAQ:HURN).

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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