Brocade Communications Sys I (BRCD) Shareholder Omni Partners Llp Has Lowered Its Stake; Osmium Partners Lowered Franklin Covey Co (FC) Position by $1.05 Million

January 17, 2018 - By Michael Collier

John H Lewis decreased its stake in Franklin Covey Co (FC) by 8.48% based on its latest 2017Q3 regulatory filing with the SEC. Osmium Partners Llc sold 52,590 shares as the company’s stock rose 13.97% with the market. The hedge fund run by John H Lewis held 567,410 shares of the other consumer services company at the end of 2017Q3, valued at $11.52 million, down from 620,000 at the end of the previous reported quarter. Osmium Partners Llc who had been investing in Franklin Covey Co for a number of months, seems to be less bullish one the $409.05M market cap company. The stock increased 1.72% or $0.5 during the last trading session, reaching $29.55. About 30,595 shares traded. Franklin Covey Co. (NYSE:FC) has risen 33.77% since January 17, 2017 and is uptrending. It has outperformed by 17.07% the S&P500.

Omni Partners Llp decreased its stake in Brocade Communications Sys I (BRCD) by 69.85% based on its latest 2017Q3 regulatory filing with the SEC. Omni Partners Llp sold 1.55M shares as the company’s stock rose 2.27% with the market. The hedge fund held 668,211 shares of the technology company at the end of 2017Q3, valued at $7.99M, down from 2.22 million at the end of the previous reported quarter. Omni Partners Llp who had been investing in Brocade Communications Sys I for a number of months, seems to be less bullish one the $5.27B market cap company. It closed at $12.73 lastly. It is down 58.47% since January 17, 2017 and is uptrending. It has outperformed by 41.77% the S&P500.

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.18, from 1.1 in 2017Q2. It is positive, as 25 investors sold BRCD shares while 72 reduced holdings. 37 funds opened positions while 87 raised stakes. 325.59 million shares or 0.35% more from 324.45 million shares in 2017Q2 were reported. Trexquant Invest Limited Partnership reported 0.1% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Price T Rowe Associates Md, a Maryland-based fund reported 219,196 shares. Retirement Sys Of Alabama holds 0.03% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 533,848 shares. Twin holds 0.26% or 158,304 shares. Gam Ag holds 497,795 shares or 0.25% of its portfolio. Prelude Cap Mngmt Limited Liability Company has 623,915 shares. Virtu Ltd Llc holds 0% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 30,085 shares. Polar Asset Mngmt Partners reported 500,000 shares. Baystate Wealth Ltd Liability Com has invested 0% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Hsbc Hldgs Public Limited Liability Corporation invested 0.03% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). 138,154 are owned by Bnp Paribas Arbitrage. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 17,316 shares. Nomura Inc holds 0.02% or 805,236 shares. Moreover, X has 0.06% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Farallon Mngmt Lc owns 5.13 million shares.

Among 20 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD), 3 have Buy rating, 2 Sell and 15 Hold. Therefore 15% are positive. Brocade Communications Systems Inc. had 58 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Sell” rating by UBS given on Tuesday, January 5. The rating was downgraded by Robert W. Baird on Thursday, July 14 to “Underperform”. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) has “Neutral” rating given on Wednesday, January 27 by Citigroup. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, May 20. Wunderlich downgraded the shares of BRCD in report on Thursday, November 3 to “Sell” rating. The firm has “Hold” rating given on Monday, July 17 by RBC Capital Markets. Summit Research upgraded Brocade Communications Systems, Inc. (NASDAQ:BRCD) rating on Friday, August 21. Summit Research has “Buy” rating and $14 target. As per Tuesday, November 1, the company rating was upgraded by RBC Capital Markets. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, November 24. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) has “Hold” rating given on Thursday, May 25 by Stifel Nicolaus.

Omni Partners Llp, which manages about $1.06B and $783.19M US Long portfolio, upped its stake in Rice Energy Inc (NYSE:RICE) by 2.41 million shares to 2.88 million shares, valued at $83.24M in 2017Q3, according to the filing. It also increased its holding in Parexel Intl Corp (NASDAQ:PRXL) by 174,873 shares in the quarter, for a total of 472,903 shares, and has risen its stake in Level 3 Communications Inc (NYSE:LVLT).

Among 7 analysts covering Franklin Covey Company (NYSE:FC), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Franklin Covey Company had 8 analyst reports since November 5, 2015 according to SRatingsIntel. The stock of Franklin Covey Co. (NYSE:FC) has “Market Perform” rating given on Thursday, November 5 by William Blair. Roth Capital maintained the stock with “Buy” rating in Sunday, November 12 report. The firm has “Buy” rating given on Thursday, November 5 by TH Capital. As per Wednesday, December 28, the company rating was downgraded by Barrington Research. The firm earned “Buy” rating on Tuesday, January 9 by Barrington. The stock has “Buy” rating by Roth Capital on Thursday, November 5. The firm has “Buy” rating given on Friday, November 10 by B. Riley & Co. The rating was maintained by FBR Capital with “Buy” on Tuesday, November 7.

Osmium Partners Llc, which manages about $158.11 million and $138.00M US Long portfolio, upped its stake in Tucows Inc (Call) (NASDAQ:TCX) by 52,700 shares to 72,700 shares, valued at $4.26 million in 2017Q3, according to the filing. It also increased its holding in Travelzoo (NASDAQ:TZOO) by 269,441 shares in the quarter, for a total of 396,441 shares, and has risen its stake in Spark Networks Inc (NYSEMKT:LOV).

Since August 1, 2017, it had 0 insider purchases, and 3 insider sales for $102,907 activity.

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