Sentry Select Capital Cut Its Position in Open Text (OTEX) by $9.49 Million as Share Value Declined; Vr Advisory Services LTD Has Increased Its Stake in Irsa Inversiones Y Rep S A (IRS) by $2.79 Million as Stock Declined

June 10, 2018 - By Ash

Open Text Corporation (NASDAQ:OTEX) Logo

Vr Advisory Services Ltd increased its stake in Irsa Inversiones Y Rep S A (IRS) by 8.01% based on its latest 2018Q1 regulatory filing with the SEC. Vr Advisory Services Ltd bought 121,383 shares as the company’s stock declined 26.68% with the market. The institutional investor held 1.64M shares of the homebuilding company at the end of 2018Q1, valued at $38.71 million, up from 1.52 million at the end of the previous reported quarter. Vr Advisory Services Ltd who had been investing in Irsa Inversiones Y Rep S A for a number of months, seems to be bullish on the $1.07 billion market cap company. The stock decreased 0.63% or $0.12 during the last trading session, reaching $19. About 65,711 shares traded. IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) has declined 17.35% since June 10, 2017 and is downtrending. It has underperformed by 29.92% the S&P500. Some Historical IRS News: 15/05/2018 – Capital TV: #BREAKING: The water shortage in the country rises from 31% to 42%, reveals Irsa advisory committee during its meet; 12/03/2018 Research Report Identifies Essent Group, BanColombia S.A, Aegon NV, Delphi Technologies, IRSA Inversiones Y Representaciones S; 10/05/2018 – IRSA 9M NET INCOME ARS11.29B

Sentry Select Capital Corp decreased its stake in Open Text Corp (OTEX) by 17.87% based on its latest 2018Q1 regulatory filing with the SEC. Sentry Select Capital Corp sold 215,600 shares as the company’s stock declined 2.77% with the market. The institutional investor held 991,100 shares of the edp services company at the end of 2018Q1, valued at $44.42 million, down from 1.21 million at the end of the previous reported quarter. Sentry Select Capital Corp who had been investing in Open Text Corp for a number of months, seems to be less bullish one the $9.54 billion market cap company. The stock increased 0.73% or $0.26 during the last trading session, reaching $35.67. About 144,257 shares traded. Open Text Corporation (NASDAQ:OTEX) has risen 6.83% since June 10, 2017 and is uptrending. It has underperformed by 5.74% the S&P500. Some Historical OTEX News: 09/05/2018 – OPENTEXT BOOSTS QTR DIV BY 15%; 09/05/2018 – OPEN TEXT 3Q ADJ EPS 54C, EST. 62C; 15/05/2018 – OpenText to Bring Security to the Edges of the Network and Beyond; 09/05/2018 – Open Text 3Q EPS 22c; 17/04/2018 – 13D CONF: ROBBINS SAYS OPEN TEXT MISPRICED, INEXPENSIVE COMPANY; 18/05/2018 – Document Management Software 2018: Global Procurement Market Intelligence Report – Top Five Players are Adobe, OpenText, Dropbox, HP, and Oracle – ResearchAndMarkets.com; 17/04/2018 – ROBBINS SEES 40%-50% UPSIDE POTENTIAL FOR OPEN TEXT; 09/05/2018 – OPEN TEXT 3Q REV. $686M, EST. $691.8M; 02/04/2018 – MADHU RANGANATHAN JOINS OPENTEXT AS CFO; 30/05/2018 – OPENTEXT REPORTS REPRICING & AMENDMENT OF CREDIT LINES

Vr Advisory Services Ltd, which manages about $2.52B and $190.44 million US Long portfolio, decreased its stake in Cresud S A C I F Y A (NASDAQ:CRESY) by 117,983 shares to 473,312 shares, valued at $9.54M in 2018Q1, according to the filing.

Among 2 analysts covering IRSA Inversiones (NYSE:IRS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. IRSA Inversiones had 5 analyst reports since August 11, 2015 according to SRatingsIntel. On Thursday, July 21 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The firm earned “Hold” rating on Thursday, February 8 by Morgan Stanley. Morgan Stanley upgraded IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) on Wednesday, November 23 to “Overweight” rating. On Monday, September 7 the stock rating was upgraded by Zacks to “Hold”. Morgan Stanley downgraded IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) on Tuesday, August 11 to “Overweight” rating.

Another recent and important IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) news was published by Seekingalpha.com which published an article titled: “The Pips Are Squeaking” on May 16, 2018.

Sentry Select Capital Corp, which manages about $6.70B US Long portfolio, upped its stake in Store Cap Corp (NYSE:STOR) by 60,792 shares to 363,192 shares, valued at $9.01M in 2018Q1, according to the filing. It also increased its holding in Penske Automotive Grp Inc (NYSE:PAG) by 354,100 shares in the quarter, for a total of 736,361 shares, and has risen its stake in Symantec Corp (NASDAQ:SYMC).

Analysts await Open Text Corporation (NASDAQ:OTEX) to report earnings on August, 2. They expect $0.18 earnings per share, up 5.88% or $0.01 from last year’s $0.17 per share. OTEX’s profit will be $48.15M for 49.54 P/E if the $0.18 EPS becomes a reality. After $0.22 actual earnings per share reported by Open Text Corporation for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.

More recent Open Text Corporation (NASDAQ:OTEX) news were published by: Nasdaq.com which released: “Report: Exploring Fundamental Drivers Behind Mitel Networks, Celestica, CoreCivic, Inc., Jazz Pharmaceuticals, Open …” on June 04, 2018. Also Prnewswire.com published the news titled: “The OpenText Business Network Powers 23 Of Gartner’s Top 25 Supply Chains” on June 08, 2018. Streetinsider.com‘s news article titled: “Open Text (OTEX) Investors Should Continue to Focus on Record Cash Flow – Scotiabank” with publication date: May 25, 2018 was also an interesting one.

Among 12 analysts covering OpenText Corporation (NASDAQ:OTEX), 10 have Buy rating, 1 Sell and 1 Hold. Therefore 83% are positive. OpenText Corporation had 26 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Open Text Corporation (NASDAQ:OTEX) has “Sell” rating given on Wednesday, November 22 by Macquarie Research. On Monday, October 30 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock has “Overweight” rating by Barclays Capital on Thursday, February 1. The stock has “Outperform” rating by RBC Capital Markets on Thursday, July 30. The stock has “Neutral” rating by Citigroup on Thursday, February 16. The stock has “Buy” rating by BMO Capital Markets on Wednesday, November 1. Raymond James maintained Open Text Corporation (NASDAQ:OTEX) rating on Wednesday, November 22. Raymond James has “Buy” rating and $40.0 target. The rating was maintained by Barclays Capital on Thursday, October 29 with “Overweight”. The firm has “Buy” rating given on Thursday, February 1 by Scotia Capital. The stock of Open Text Corporation (NASDAQ:OTEX) earned “Overweight” rating by Barclays Capital on Tuesday, July 28.

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