Meru Capital Group LP Has Lowered Symantec (SYMC) Stake By $10.08 Million; Chemung Financial (CHMG) Shorts Up By 4.08%

December 17, 2017 - By Dolores Ford

Meru Capital Group Lp decreased Symantec Corp (SYMC) stake by 92.31% reported in 2017Q2 SEC filing. Meru Capital Group Lp sold 360,000 shares as Symantec Corp (SYMC)’s stock rose 0.76%. The Meru Capital Group Lp holds 30,000 shares with $848,000 value, down from 390,000 last quarter. Symantec Corp now has $17.97 billion valuation. The stock increased 0.80% or $0.23 during the last trading session, reaching $28.98. About 9.64M shares traded or 71.91% up from the average. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since December 17, 2016 and is uptrending. It has outperformed by 55.12% the S&P500.

Chemung Financial Corporation (NASDAQ:CHMG) had an increase of 4.08% in short interest. CHMG’s SI was 40,800 shares in December as released by FINRA. Its up 4.08% from 39,200 shares previously. With 5,600 avg volume, 7 days are for Chemung Financial Corporation (NASDAQ:CHMG)’s short sellers to cover CHMG’s short positions. The SI to Chemung Financial Corporation’s float is 1.5%. The stock decreased 0.15% or $0.08 during the last trading session, reaching $52.27. About 19,651 shares traded or 182.10% up from the average. Chemung Financial Corporation (NASDAQ:CHMG) has risen 23.97% since December 17, 2016 and is uptrending. It has outperformed by 7.27% the S&P500.

Investors sentiment increased to 3.56 in Q2 2017. Its up 1.96, from 1.6 in 2017Q1. It increased, as 0 investors sold Chemung Financial Corporation shares while 15 reduced holdings. 7 funds opened positions while 17 raised stakes. 1.34 million shares or 2.81% more from 1.30 million shares in 2017Q1 were reported. Natl Bank Of Ny Mellon owns 19,105 shares or 0% of their US portfolio. Wellington Mgmt Gp Llp owns 48,797 shares or 0% of their US portfolio. Manufacturers Life Insur Com The reported 27 shares. Vantage Advsr Lc invested in 0% or 100 shares. Meeder Asset Mngmt accumulated 0% or 84 shares. John G Ullman Assoc invested in 5,450 shares. Lsv Asset Management invested in 9,550 shares or 0% of the stock. Acadian Asset Management Limited Liability Corporation invested in 0% or 1,157 shares. Jpmorgan Chase stated it has 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG). Moreover, Dimensional Fund Advsr Limited Partnership has 0% invested in Chemung Financial Corporation (NASDAQ:CHMG). Deutsche Bankshares Ag invested 0% in Chemung Financial Corporation (NASDAQ:CHMG). The New York-based First Manhattan Com has invested 0.04% in Chemung Financial Corporation (NASDAQ:CHMG). Raymond James Advisors Incorporated holds 11,077 shares or 0% of its portfolio. State Street, a Massachusetts-based fund reported 45,806 shares. Blackrock has 144,889 shares.

Chemung Financial Corporation operates as the holding firm for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services primarily in New York. The company has market cap of $247.78 million. It offers demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. It has a 19.97 P/E ratio. The firm also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on February, 7. They expect $0.29 earnings per share, up 31.82% or $0.07 from last year’s $0.22 per share. SYMC’s profit will be $179.79 million for 24.98 P/E if the $0.29 EPS becomes a reality. After $0.21 actual earnings per share reported by Symantec Corporation for the previous quarter, Wall Street now forecasts 38.10% EPS growth.

Among 28 analysts covering Symantec (NASDAQ:SYMC), 10 have Buy rating, 1 Sell and 17 Hold. Therefore 36% are positive. Symantec had 80 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, March 2. As per Thursday, August 3, the company rating was maintained by Oppenheimer. As per Sunday, September 10, the company rating was maintained by RBC Capital Markets. The rating was downgraded by RBC Capital Markets on Friday, May 19 to “Sector Perform”. Citigroup maintained Symantec Corporation (NASDAQ:SYMC) on Friday, April 29 with “Buy” rating. The firm has “Mkt Perform” rating given on Thursday, November 5 by FBR Capital. The stock of Symantec Corporation (NASDAQ:SYMC) has “Sell” rating given on Monday, August 17 by Zacks. As per Monday, March 21, the company rating was reinitiated by Goldman Sachs. Robert W. Baird maintained the stock with “Hold” rating in Friday, June 9 report. The company was maintained on Wednesday, August 12 by S&P Research.

Investors sentiment decreased to 0.86 in 2017 Q2. Its down 0.09, from 0.95 in 2017Q1. It dived, as 54 investors sold SYMC shares while 167 reduced holdings. 65 funds opened positions while 146 raised stakes. 554.80 million shares or 1.02% less from 560.54 million shares in 2017Q1 were reported. Netherlands-based Shell Asset Mgmt has invested 0.03% in Symantec Corporation (NASDAQ:SYMC). 16,658 were accumulated by Kentucky Retirement System Fund. Natixis holds 0.01% or 27,161 shares. Wfg LP accumulated 42 shares. Natl Bank Of Nova Scotia holds 260,473 shares or 0.04% of its portfolio. Ratan Cap LP holds 697,255 shares. Netherlands-based Apg Asset Mngmt Nv has invested 0.06% in Symantec Corporation (NASDAQ:SYMC). Petrus Trust Com Lta invested 2.49% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Glenmede Tru Na holds 0% in Symantec Corporation (NASDAQ:SYMC) or 18,654 shares. 56 are owned by Nelson Roberts Invest Advisors Ltd. Jabre Cap Prtn Sa accumulated 8,000 shares or 0.02% of the stock. Cwm Ltd Co stated it has 361 shares. Capital Fund Management holds 0.27% or 1.20 million shares. Citadel Advsrs Limited holds 68,566 shares or 0% of its portfolio. Arrowgrass Cap Prns (Us) Limited Partnership invested 0.01% of its portfolio in Symantec Corporation (NASDAQ:SYMC).

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