Fore Research & Management LP Stake in Teck Resources LTD (Call) (TCK) Decreased by $850,000 as Market Value Were Volatile; Horrell Capital Management Has Trimmed Its Sonus Networks New (SONS) Holding by $700,000 as Share Price Rose

November 15, 2017 - By Linda Rogers

Horrell Capital Management Inc decreased its stake in Sonus Networks Inc New (SONS) by 16.67% based on its latest 2017Q2 regulatory filing with the SEC. Horrell Capital Management Inc sold 100,000 shares as the company’s stock rose 27.63% with the market. The institutional investor held 500,000 shares of the technology company at the end of 2017Q2, valued at $3.72M, down from 600,000 at the end of the previous reported quarter. Horrell Capital Management Inc who had been investing in Sonus Networks Inc New for a number of months, seems to be less bullish one the $712.90 million market cap company. It closed at $6.95 lastly. It is down 11.20% since November 15, 2016 and is downtrending. It has underperformed by 27.90% the S&P500.

Fore Research & Management Lp decreased its stake in Teck Resources Ltd (Call) (TCK) by 50% based on its latest 2017Q2 regulatory filing with the SEC. Fore Research & Management Lp sold 50,000 shares as the company’s stock 0.00% . The hedge fund held 50,000 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q2, valued at $866,000, down from 100,000 at the end of the previous reported quarter. Fore Research & Management Lp who had been investing in Teck Resources Ltd (Call) for a number of months, seems to be less bullish one the $12.26B market cap company. The stock declined 1.32% or $0.28 reaching $20.92 per share. About 4,526 shares traded. Teck Resources Ltd (USA) (NYSE:TCK) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Teck Resources Ltd (USA) (NYSE:TECK) news were published by: Fool.ca which released: “Teck Resources Ltd.: Where Is This Stock Headed Now?” on September 12, 2017, also Fool.ca with their article: “Teck Resources Ltd.: Is the Pullback Complete?” published on September 27, 2017, Fool.ca published: “Teck Resources Ltd.: Is This Stock a Buy?” on October 19, 2017. More interesting news about Teck Resources Ltd (USA) (NYSE:TECK) were released by: Fool.ca and their article: “Why Did Barrick Gold Corp. and Teck Resources Ltd. Shares Fall More Than 7% on …” published on October 28, 2017 as well as Fool.ca‘s news article titled: “This Is Why Teck Resources Ltd. Is up 50% Over the Past 2 Months” with publication date: August 14, 2017.

Among 19 analysts covering Teck Resources (NYSE:TCK), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Teck Resources had 33 analyst reports since July 23, 2015 according to SRatingsIntel. Deutsche Bank downgraded the stock to “Sell” rating in Friday, October 23 report. The firm has “Hold” rating by Berenberg given on Wednesday, November 30. RBC Capital Markets upgraded Teck Resources Ltd (USA) (NYSE:TECK) rating on Monday, October 17. RBC Capital Markets has “Outperform” rating and $30 target. The firm has “Market Perform” rating given on Thursday, August 4 by Raymond James. On Monday, November 7 the stock rating was initiated by Citigroup with “Neutral”. The firm earned “Overweight” rating on Thursday, November 17 by Barclays Capital. As per Tuesday, October 18, the company rating was upgraded by National Bank Canada. Goldman Sachs initiated it with “Buy” rating and $12 target in Thursday, May 19 report. Raymond James downgraded Teck Resources Ltd (USA) (NYSE:TECK) on Thursday, March 24 to “Underperform” rating. The firm has “Underweight” rating given on Thursday, January 14 by Barclays Capital.

Analysts await Teck Resources Ltd (USA) (NYSE:TECK) to report earnings on February, 21. They expect $0.74 earnings per share, down 38.84% or $0.47 from last year’s $1.21 per share. TECK’s profit will be $433.67 million for 7.07 P/E if the $0.74 EPS becomes a reality. After $0.86 actual earnings per share reported by Teck Resources Ltd (USA) for the previous quarter, Wall Street now forecasts -13.95% negative EPS growth.

More notable recent Sonus Networks Inc (NASDAQ:SONS) news were published by: Prnewswire.com which released: “Sonus Networks Releases Third Quarter 2017 Financial Results” on October 30, 2017, also Seekingalpha.com with their article: “Sonus Networks (SONS) Q3 2017 Results – Earnings Call Transcript” published on October 30, 2017, Streetinsider.com published: “Form 3 Sonus Networks, Inc. For: Oct 27 Filed by: DOLAN RAYMOND P” on November 06, 2017. More interesting news about Sonus Networks Inc (NASDAQ:SONS) were released by: Prnewswire.com and their article: “Sonus Networks, Inc. Announces Completion of Sonus and GENBAND Mergers” published on October 30, 2017 as well as Nasdaq.com‘s news article titled: “Sonus Networks, Inc. Profit Advances 108% In Q3” with publication date: October 30, 2017.

Analysts await Sonus Networks Inc (NASDAQ:SONS) to report earnings on February, 21. They expect $0.18 earnings per share, up 1,700.00% or $0.17 from last year’s $0.01 per share. SONS’s profit will be $18.46 million for 9.65 P/E if the $0.18 EPS becomes a reality. After $0.18 actual earnings per share reported by Sonus Networks Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Horrell Capital Management Inc, which manages about $297.04 million and $169.77 million US Long portfolio, upped its stake in Calix Inc (NYSE:CALX) by 122,945 shares to 690,000 shares, valued at $4.73 million in 2017Q2, according to the filing. It also increased its holding in Cray Inc (NASDAQ:CRAY) by 101,300 shares in the quarter, for a total of 160,000 shares, and has risen its stake in Verifone Holdings Inc (NYSE:PAY).

Among 6 analysts covering Sonus Networks (NASDAQ:SONS), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. Sonus Networks had 16 analyst reports since July 30, 2015 according to SRatingsIntel. Cowen & Co maintained Sonus Networks Inc (NASDAQ:SONS) rating on Monday, October 16. Cowen & Co has “Sell” rating and $5.0 target. Northland Capital maintained Sonus Networks Inc (NASDAQ:SONS) rating on Monday, July 3. Northland Capital has “Buy” rating and $1000 target. The rating was maintained by William Blair on Friday, October 13 with “Buy”. The rating was upgraded by Barrington Research to “Outperform” on Thursday, July 30. The company was upgraded on Thursday, June 1 by William Blair. William Blair maintained Sonus Networks Inc (NASDAQ:SONS) on Friday, October 27 with “Buy” rating. The stock has “Sell” rating by Cowen & Co on Tuesday, October 31. The rating was upgraded by DA Davidson on Monday, August 7 to “Buy”. The firm has “Sell” rating given on Friday, August 4 by Cowen & Co. The stock has “Buy” rating by William Blair on Wednesday, July 12.

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