Usa Financial Portformulas Has Lifted Its Dicks Sporting Goods (DKS) Position by $491,940; Market Valuation Declined; Ambac Financial Group (AMBC) Holder Knott David M Cut Stake

January 16, 2018 - By Michael Collier

Usa Financial Portformulas Corp increased its stake in Dicks Sporting Goods Inc (DKS) by 107.31% based on its latest 2017Q3 regulatory filing with the SEC. Usa Financial Portformulas Corp bought 18,220 shares as the company’s stock declined 18.06% while stock markets rallied. The institutional investor held 35,199 shares of the other specialty stores company at the end of 2017Q3, valued at $951,000, up from 16,979 at the end of the previous reported quarter. Usa Financial Portformulas Corp who had been investing in Dicks Sporting Goods Inc for a number of months, seems to be bullish on the $3.63B market cap company. The stock increased 1.44% or $0.48 during the last trading session, reaching $33.81. About 1.08M shares traded. Dick's Sporting Goods, Inc. (NYSE:DKS) has declined 1.35% since January 16, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

Knott David M decreased its stake in Ambac Financial Group Inc. (AMBC) by 14.67% based on its latest 2017Q3 regulatory filing with the SEC. Knott David M sold 25,000 shares as the company’s stock declined 26.71% while stock markets rallied. The institutional investor held 145,426 shares of the finance company at the end of 2017Q3, valued at $2.51 million, down from 170,426 at the end of the previous reported quarter. Knott David M who had been investing in Ambac Financial Group Inc. for a number of months, seems to be less bullish one the $721.76 million market cap company. The stock decreased 0.75% or $0.12 during the last trading session, reaching $15.95. About 50,421 shares traded. Ambac Financial Group, Inc. (NASDAQ:AMBC) has risen 2.68% since January 16, 2017 and is uptrending. It has underperformed by 14.02% the S&P500.

Among 36 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 13 have Buy rating, 1 Sell and 22 Hold. Therefore 36% are positive. Dick’s Sporting Goods Inc. had 136 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) has “Hold” rating given on Tuesday, January 2 by Robert W. Baird. The firm has “Buy” rating given on Wednesday, November 15 by J.P. Morgan. The firm earned “Neutral” rating on Wednesday, August 17 by Goldman Sachs. The rating was initiated by Wedbush with “Outperform” on Wednesday, November 2. Argus Research maintained Dick's Sporting Goods, Inc. (NYSE:DKS) rating on Friday, December 11. Argus Research has “Buy” rating and $50.0 target. Cowen & Co initiated Dick's Sporting Goods, Inc. (NYSE:DKS) on Monday, July 27 with “Market Perform” rating. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) has “Buy” rating given on Friday, May 20 by Brean Capital. RBC Capital Markets upgraded the shares of DKS in report on Thursday, July 14 to “Outperform” rating. The stock has “Sell” rating by Zacks on Wednesday, August 12. The company was downgraded on Monday, July 24 by Telsey Advisory Group.

Usa Financial Portformulas Corp, which manages about $270.85M and $420.11M US Long portfolio, decreased its stake in Netflix Inc (NASDAQ:NFLX) by 23,720 shares to 17,972 shares, valued at $3.26 million in 2017Q3, according to the filing. It also reduced its holding in Carnival Corp (NYSE:CCL) by 10,334 shares in the quarter, leaving it with 55,273 shares, and cut its stake in Cognex Corp (NASDAQ:CGNX).

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.01, from 0.81 in 2017Q2. It worsened, as 83 investors sold DKS shares while 103 reduced holdings. 47 funds opened positions while 102 raised stakes. 75.65 million shares or 8.17% less from 82.39 million shares in 2017Q2 were reported. Macquarie Grp stated it has 44,396 shares. Commonwealth Equity reported 9,706 shares. Waratah Cap Advsrs Ltd stated it has 0.31% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS). Advantus Mgmt has 10,703 shares. Rockefeller Financial Services Incorporated owns 0% invested in Dick's Sporting Goods, Inc. (NYSE:DKS) for 1,077 shares. Moreover, Arcadia Invest Management Corporation Mi has 0.08% invested in Dick's Sporting Goods, Inc. (NYSE:DKS). Utah Retirement Systems has invested 0.01% in Dick's Sporting Goods, Inc. (NYSE:DKS). Prelude Management Ltd Company reported 19,046 shares stake. Manufacturers Life Insur Company The stated it has 125,402 shares or 0% of all its holdings. Tobam accumulated 0.13% or 123,042 shares. Strs Ohio owns 1,214 shares. Smith Graham Communications Advisors Limited Partnership invested in 154,840 shares or 0.44% of the stock. 3,765 are held by Northwestern Mutual Wealth Management Com. M&T National Bank & Trust Corp owns 10,041 shares for 0% of their portfolio. Parallax Volatility Advisers Lp stated it has 0% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS).

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