Palisade Capital Management Has Lifted Its Franco Nevada (FNV) Stake by $658,196; As Williams (WSM) Stock Price Rose, Holder Cove Street Capital Has Trimmed Its Holding

January 19, 2018 - By Clifton Ray

Jeffrey Bronchick decreased its stake in Williams (WSM) by 71.77% based on its latest 2017Q3 regulatory filing with the SEC. Cove Street Capital Llc sold 67,500 shares as the company’s stock rose 2.93% with the market. The hedge fund run by Jeffrey Bronchick held 26,544 shares of the consumer services company at the end of 2017Q3, valued at $1.32 million, down from 94,044 at the end of the previous reported quarter. Cove Street Capital Llc who had been investing in Williams for a number of months, seems to be less bullish one the $4.60B market cap company. The stock increased 0.39% or $0.21 during the last trading session, reaching $54.6. About 1.27M shares traded. Williams-Sonoma, Inc. (NYSE:WSM) has risen 0.69% since January 19, 2017 and is uptrending. It has underperformed by 16.01% the S&P500.

Palisade Capital Management Llc increased its stake in Franco Nevada Corp (FNV) by 7.67% based on its latest 2017Q3 regulatory filing with the SEC. Palisade Capital Management Llc bought 8,548 shares as the company’s stock rose 8.53% with the market. The hedge fund held 119,968 shares of the precious metals company at the end of 2017Q3, valued at $9.30M, up from 111,420 at the end of the previous reported quarter. Palisade Capital Management Llc who had been investing in Franco Nevada Corp for a number of months, seems to be bullish on the $14.30B market cap company. The stock decreased 0.49% or $0.39 during the last trading session, reaching $78.63. About 481,970 shares traded. Franco-Nevada Corporation (NYSE:FNV) has risen 12.51% since January 19, 2017 and is uptrending. It has underperformed by 4.19% the S&P500.

Palisade Capital Management Llc, which manages about $5.40B and $2.81B US Long portfolio, decreased its stake in Novellus Sys Inc (Prn) by 300,000 shares to 1.68M shares, valued at $9.22 million in 2017Q3, according to the filing. It also reduced its holding in Ligand Pharmaceuticals Inc (Prn) by 2.00M shares in the quarter, leaving it with 2.80M shares, and cut its stake in Healthcare Svcs Grp Inc (NASDAQ:HCSG).

Among 16 analysts covering Franco-Nevada Corp (NYSE:FNV), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Franco-Nevada Corp had 35 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Franco-Nevada Corporation (NYSE:FNV) has “Buy” rating given on Thursday, December 8 by Dundee Securities. As per Monday, September 14, the company rating was initiated by BMO Capital Markets. On Thursday, October 13 the stock rating was downgraded by National Bank Canada to “Sector Perform”. The rating was initiated by JP Morgan on Wednesday, January 20 with “Neutral”. The rating was upgraded by TD Securities on Thursday, October 8 to “Action List Buy”. TD Securities maintained the shares of FNV in report on Friday, December 1 with “Buy” rating. The company was downgraded on Wednesday, May 11 by Goldman Sachs. The company was maintained on Tuesday, November 10 by Barclays Capital. RBC Capital Markets maintained the shares of FNV in report on Thursday, October 8 with “Outperform” rating. The company was downgraded on Monday, September 7 by Zacks.

Analysts await Williams-Sonoma, Inc. (NYSE:WSM) to report earnings on March, 21. They expect $1.61 EPS, up 3.87% or $0.06 from last year’s $1.55 per share. WSM’s profit will be $135.52 million for 8.48 P/E if the $1.61 EPS becomes a reality. After $0.84 actual EPS reported by Williams-Sonoma, Inc. for the previous quarter, Wall Street now forecasts 91.67% EPS growth.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.35, from 1.45 in 2017Q2. It turned negative, as 49 investors sold WSM shares while 105 reduced holdings. 57 funds opened positions while 112 raised stakes. 85.15 million shares or 2.32% more from 83.22 million shares in 2017Q2 were reported. Fisher Asset Lc has 0% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 28,158 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.32% in Williams-Sonoma, Inc. (NYSE:WSM) or 71,300 shares. Hap Trading Ltd Llc owns 46,989 shares for 0.11% of their portfolio. Raymond James & Associate owns 0% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 37,856 shares. Legal And General Group Public Ltd Com has invested 0% in Williams-Sonoma, Inc. (NYSE:WSM). Peak6 LP holds 20,255 shares. Bb&T Secs Ltd Liability has 0.03% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 50,795 shares. Vanguard Group holds 6.65 million shares. Old Second Financial Bank Of Aurora stated it has 0% in Williams-Sonoma, Inc. (NYSE:WSM). Wells Fargo & Mn has invested 0.01% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM). Ahl Prns Llp accumulated 61,345 shares. Commercial Bank Of Mellon Corp stated it has 2.47M shares or 0.03% of all its holdings. Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma reported 20 shares. Deutsche Comml Bank Ag reported 535,127 shares. Goldman Sachs Grp Inc reported 954,709 shares.

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