Trigran Investments Lowered Model N (MODN) Stake as Share Value Rose; Channing Capital Management Has Trimmed Goldman Sachs Group Com (GS) Holding by $2.43 Million

May 6, 2018 - By Michael Leger

The Goldman Sachs Group, Inc. (NYSE:GS) Logo

Douglas T. Granat decreased its stake in Model N Inc (MODN) by 10.44% based on its latest 2017Q4 regulatory filing with the SEC. Trigran Investments Inc sold 102,755 shares as the company’s stock rose 12.46% while stock markets declined. The hedge fund run by Douglas T. Granat held 881,839 shares of the technology company at the end of 2017Q4, valued at $13.89M, down from 984,594 at the end of the previous reported quarter. Trigran Investments Inc who had been investing in Model N Inc for a number of months, seems to be less bullish one the $515.95 million market cap company. The stock increased 1.45% or $0.25 during the last trading session, reaching $17.5. About 73,489 shares traded. Model N, Inc. (NYSE:MODN) has risen 74.26% since May 6, 2017 and is uptrending. It has outperformed by 62.71% the S&P500.

Channing Capital Management Llc decreased its stake in Goldman Sachs Group Com (GS) by 26.78% based on its latest 2017Q4 regulatory filing with the SEC. Channing Capital Management Llc sold 9,566 shares as the company’s stock declined 4.52% with the market. The institutional investor held 26,152 shares of the finance company at the end of 2017Q4, valued at $6.66 million, down from 35,718 at the end of the previous reported quarter. Channing Capital Management Llc who had been investing in Goldman Sachs Group Com for a number of months, seems to be less bullish one the $91.06 billion market cap company. The stock increased 0.66% or $1.53 during the last trading session, reaching $234.94. About 2.62M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 9.66% since May 6, 2017 and is uptrending. It has underperformed by 1.89% the S&P500.

Trigran Investments Inc, which manages about $278.36M and $445.63 million US Long portfolio, upped its stake in Panhandle Oil And Gas Inc (NYSE:PHX) by 90,683 shares to 2.06 million shares, valued at $42.40 million in 2017Q4, according to the filing. It also increased its holding in Calix Inc (NYSE:CALX) by 392,404 shares in the quarter, for a total of 480,661 shares, and has risen its stake in Gentherm Inc (NASDAQ:THRM).

Investors sentiment decreased to 1.4 in Q4 2017. Its down 0.22, from 1.62 in 2017Q3. It turned negative, as 9 investors sold MODN shares while 21 reduced holdings. 14 funds opened positions while 28 raised stakes. 15.28 million shares or 5.89% less from 16.24 million shares in 2017Q3 were reported. Massachusetts-based State Street Corporation has invested 0% in Model N, Inc. (NYSE:MODN). 4,283 are owned by Financial Bank Of America De. First Light Asset Management Ltd Co holds 4.08% or 944,125 shares in its portfolio. Susquehanna Intl Group Inc Limited Liability Partnership holds 0% or 60,044 shares in its portfolio. Metropolitan Life Ny, New York-based fund reported 8,045 shares. California State Teachers Retirement System invested in 37,438 shares. Nicholas Ptnrs LP accumulated 118,898 shares. Citadel Limited Company owns 42,184 shares for 0% of their portfolio. Morgan Stanley holds 0% or 58,498 shares in its portfolio. Jpmorgan Chase And has invested 0% in Model N, Inc. (NYSE:MODN). Art Advsrs Ltd Liability Company accumulated 0.02% or 23,276 shares. Citigroup Incorporated stated it has 4,273 shares or 0% of all its holdings. Ny State Common Retirement Fund has invested 0% in Model N, Inc. (NYSE:MODN). State Board Of Administration Of Florida Retirement Sys owns 23,502 shares or 0% of their US portfolio. Us Fincl Bank De holds 500 shares.

Since February 15, 2018, it had 0 buys, and 3 insider sales for $234,062 activity. 1,628 shares valued at $27,578 were sold by Gokhale Neeraj on Thursday, February 15.

More recent Model N, Inc. (NYSE:MODN) news were published by: Businesswire.com which released: “Model N Founder & CEO Zack Rinat Named Ernst & Young 2018 Entrepreneur of the Year Semifinalist” on April 19, 2018. Also Seekingalpha.com published the news titled: “J&J cost cutting plan may pressure suppliers – Bloomberg” on April 17, 2018. Businesswire.com‘s news article titled: “Model N Launches Digital Reinvention Lab” with publication date: May 01, 2018 was also an interesting one.

Analysts await Model N, Inc. (NYSE:MODN) to report earnings on May, 8 after the close. They expect $-0.18 earnings per share, up 47.06% or $0.16 from last year’s $-0.34 per share. After $-0.11 actual earnings per share reported by Model N, Inc. for the previous quarter, Wall Street now forecasts 63.64% negative EPS growth.

Among 9 analysts covering Model N Inc (NYSE:MODN), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Model N Inc had 11 analyst reports since February 16, 2016 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, November 16 by Stifel Nicolaus. JMP Securities upgraded Model N, Inc. (NYSE:MODN) rating on Wednesday, February 7. JMP Securities has “Buy” rating and $20.0 target. The firm has “Overweight” rating by JP Morgan given on Friday, November 11. Dougherty & Company reinitiated Model N, Inc. (NYSE:MODN) rating on Tuesday, December 19. Dougherty & Company has “Buy” rating and $20 target. The stock of Model N, Inc. (NYSE:MODN) has “Buy” rating given on Tuesday, August 9 by Deutsche Bank. Craig Hallum initiated Model N, Inc. (NYSE:MODN) on Tuesday, February 16 with “Buy” rating. J.P. Morgan downgraded the shares of MODN in report on Tuesday, December 12 to “Hold” rating. JMP Securities downgraded the stock to “Market Perform” rating in Tuesday, August 9 report. The firm has “Hold” rating given on Tuesday, December 13 by Craig Hallum.

Channing Capital Management Llc, which manages about $1.58B and $2.97 billion US Long portfolio, upped its stake in Sterling Bancorp (NYSE:STL) by 43,278 shares to 297,747 shares, valued at $7.33 million in 2017Q4, according to the filing. It also increased its holding in First American Financial Corp (NYSE:FAF) by 16,966 shares in the quarter, for a total of 246,000 shares, and has risen its stake in Ashland Global Holdings Inc.

Since January 18, 2018, it had 0 insider purchases, and 7 selling transactions for $22.06 million activity. The insider CHAVEZ R. MARTIN sold $3.18 million. Another trade for 4,400 shares valued at $1.17M was sold by ROGERS JOHN F.W.. SALAME PABLO J sold $2.70 million worth of stock or 10,000 shares. $4.40 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) was sold by VINIAR DAVID A on Thursday, January 18. Another trade for 6,738 shares valued at $1.78M was made by LEE BRIAN J on Wednesday, February 21.

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.24, from 0.75 in 2017Q3. It improved, as 60 investors sold GS shares while 371 reduced holdings. 106 funds opened positions while 322 raised stakes. 268.85 million shares or 1.06% less from 271.74 million shares in 2017Q3 were reported. Moreover, Kings Point Capital has 0.04% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 792 shares. Colonial Tru accumulated 0.97% or 24,448 shares. Blue Edge Cap Ltd Co holds 0.64% in The Goldman Sachs Group, Inc. (NYSE:GS) or 6,243 shares. Fayez Sarofim And Co has 0% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Perigon Wealth Limited Liability reported 419 shares or 0.04% of all its holdings. St Germain D J Co reported 45,058 shares. Welch Grp Ltd Company reported 1,745 shares or 0.07% of all its holdings. 20,520 are held by Pittenger And Anderson. Halbert Hargrove Russell Limited Company has 0.06% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Moody Comml Bank Division reported 5,222 shares stake. Moreover, Rhumbline Advisers has 0.33% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 632,215 shares. Tikvah Lc invested in 55,591 shares. Moreover, At Bank & Trust has 0.38% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Schwerin Boyle Mgmt Incorporated has 0.51% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Murphy Capital has invested 0.25% in The Goldman Sachs Group, Inc. (NYSE:GS).

Among 32 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 14 have Buy rating, 1 Sell and 17 Hold. Therefore 44% are positive. Goldman Sachs Group Inc. had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, July 18 by Oppenheimer. The rating was upgraded by UBS to “Buy” on Friday, February 5. The firm has “Overweight” rating given on Friday, February 2 by Morgan Stanley. BMO Capital Markets maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Tuesday, July 18 with “Hold” rating. The company was maintained on Tuesday, October 17 by Keefe Bruyette & Woods. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Outperform” rating given on Tuesday, January 5 by Oppenheimer. As per Wednesday, December 21, the company rating was downgraded by Atlantic Securities. The rating was maintained by Barclays Capital on Thursday, January 18 with “Hold”. The stock has “Outperform” rating by Credit Suisse on Wednesday, March 30. RBC Capital Markets maintained the shares of GS in report on Monday, January 25 with “Sector Perform” rating.

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Seekingalpha.com which released: “Who Said Words Can’t Hurt?” on April 19, 2018, also Livetradingnews.com with their article: “The Goldman Sachs Group, Inc. (NYSE:GS) Continuation of a Bearish Trend” published on April 30, 2018, Seekingalpha.com published: “Go For Goldman Among Banks” on April 11, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: 247Wallst.com and their article: “What to Expect From Goldman Sachs on Tuesday” published on April 16, 2018 as well as Seekingalpha.com‘s news article titled: “Goldman hires cryptocurrency head” with publication date: April 23, 2018.

Model N, Inc. (NYSE:MODN) Institutional Positions Chart

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