Ulysses Management Increases Position in Ericsson (ERIC); As Colfax (Call) (CFX) Market Value Rose, Lincoln Capital Trimmed by $6.54 Million Its Holding

February 15, 2018 - By Michael Leger

Lincoln Capital Llc decreased its stake in Colfax Corp (Call) (CFX) by 98.76% based on its latest 2017Q3 regulatory filing with the SEC. Lincoln Capital Llc sold 159,591 shares as the company’s stock rose 1.39% with the market. The institutional investor held 2,000 shares of the fluid controls company at the end of 2017Q3, valued at $83,000, down from 161,591 at the end of the previous reported quarter. Lincoln Capital Llc who had been investing in Colfax Corp (Call) for a number of months, seems to be less bullish one the $4.12 billion market cap company. The stock increased 0.60% or $0.2 during the last trading session, reaching $33.42. About 1.03 million shares traded or 16.10% up from the average. Colfax Corporation (NYSE:CFX) has risen 61.22% since February 15, 2017 and is uptrending. It has outperformed by 44.52% the S&P500.

Joshua Nash increased its stake in Ericsson (ERIC) by 60% based on its latest 2017Q3 regulatory filing with the SEC. Ulysses Management Llc bought 600,000 shares as the company’s stock rose 10.57% with the market. The hedge fund run by Joshua Nash held 1.60M shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $9.20 million, up from 1.00 million at the end of the previous reported quarter. Ulysses Management Llc who had been investing in Ericsson for a number of months, seems to be bullish on the $22.57B market cap company. The stock increased 1.50% or $0.1 during the last trading session, reaching $6.76. About 3.75 million shares traded. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has declined 12.25% since February 15, 2017 and is downtrending. It has underperformed by 28.95% the S&P500.

Among 19 analysts covering Ericsson (NASDAQ:ERIC), 4 have Buy rating, 4 Sell and 11 Hold. Therefore 21% are positive. Ericsson had 40 analyst reports since August 5, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Hold” rating and $6.0 target in Wednesday, January 31 report. The firm has “Hold” rating by Wells Fargo given on Tuesday, July 18. The firm has “Sell” rating by CLSA given on Tuesday, April 12. As per Thursday, September 21, the company rating was maintained by Canaccord Genuity. The firm earned “Buy” rating on Thursday, December 15 by Danske Bank. The company was upgraded on Tuesday, June 21 by Goldman Sachs. The stock has “Neutral” rating by Bank of America on Thursday, April 21. On Wednesday, August 23 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was upgraded on Thursday, August 27 by Danske Bank. UBS downgraded Telefonaktiebolaget LM Ericsson (NASDAQ:publ) on Thursday, July 21 to “Neutral” rating.

Ulysses Management Llc, which manages about $1.47B and $919.89 million US Long portfolio, decreased its stake in Discover Financial Services (NYSE:DFS) by 20,568 shares to 300,000 shares, valued at $19.34 million in 2017Q3, according to the filing. It also reduced its holding in Sba Communications Corp by 5,000 shares in the quarter, leaving it with 20,000 shares, and cut its stake in Cisco Systems Inc (Call) (NASDAQ:CSCO).

Among 20 analysts covering Colfax (NYSE:CFX), 12 have Buy rating, 2 Sell and 6 Hold. Therefore 60% are positive. Colfax had 62 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Tuesday, September 26 with “Buy”. The rating was maintained by Stifel Nicolaus on Friday, October 28 with “Buy”. The stock of Colfax Corporation (NYSE:CFX) earned “Buy” rating by RBC Capital Markets on Tuesday, November 7. Robert W. Baird maintained the shares of CFX in report on Thursday, November 30 with “Buy” rating. On Tuesday, September 26 the stock rating was maintained by RBC Capital Markets with “Buy”. On Monday, July 10 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Robert W. Baird on Tuesday, February 6 with “Buy”. KeyBanc Capital Markets maintained it with “Buy” rating and $46.0 target in Monday, September 25 report. Cowen & Co downgraded Colfax Corporation (NYSE:CFX) on Wednesday, October 18 to “Market Perform” rating. The stock of Colfax Corporation (NYSE:CFX) has “Buy” rating given on Tuesday, November 7 by Robert W. Baird.

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