Yacktman Asset Management LP Holding in Infosys LTD (INFY) Boosted by $30.59 Million; National Health Invstrs (NHI) Shareholder Lee Danner & Bass Has Decreased Stake by $1.19 Million

January 20, 2018 - By Michael Collier

Lee Danner & Bass Inc decreased its stake in National Health Invstrs (NHI) by 8.88% based on its latest 2017Q3 regulatory filing with the SEC. Lee Danner & Bass Inc sold 15,500 shares as the company’s stock rose 2.83% with the market. The institutional investor held 159,010 shares of the consumer services company at the end of 2017Q3, valued at $12.29M, down from 174,510 at the end of the previous reported quarter. Lee Danner & Bass Inc who had been investing in National Health Invstrs for a number of months, seems to be less bullish one the $2.90B market cap company. The stock decreased 0.20% or $0.14 during the last trading session, reaching $69.8. About 264,953 shares traded or 22.33% up from the average. National Health Investors, Inc. (NYSE:NHI) has risen 15.23% since January 20, 2017 and is uptrending. It has underperformed by 1.47% the S&P500.

Donald Yacktman increased its stake in Infosys Ltd (INFY) by 56.8% based on its latest 2017Q3 regulatory filing with the SEC. Yacktman Asset Management Lp bought 2.18 million shares as the company’s stock rose 1.88% with the market. The hedge fund run by Donald Yacktman held 6.03M shares of the edp services company at the end of 2017Q3, valued at $87.99 million, up from 3.85 million at the end of the previous reported quarter. Yacktman Asset Management Lp who had been investing in Infosys Ltd for a number of months, seems to be bullish on the $38.58B market cap company. The stock increased 0.39% or $0.07 during the last trading session, reaching $17.99. About 3.85 million shares traded. Infosys Limited (NYSE:INFY) has declined 17.92% since January 20, 2017 and is downtrending. It has underperformed by 34.62% the S&P500.

Yacktman Asset Management Lp, which manages about $30.82 billion and $10.35B US Long portfolio, decreased its stake in Twentyfirst Cen Fox A (NASDAQ:FOXA) by 224,392 shares to 35.47 million shares, valued at $935.61M in 2017Q3, according to the filing. It also reduced its holding in America’s Car Mart Inc (NASDAQ:CRMT) by 13,541 shares in the quarter, leaving it with 428,143 shares, and cut its stake in U.S. Bancorp (NYSE:USB).

Among 21 analysts covering Infosys (NYSE:INFY), 4 have Buy rating, 1 Sell and 16 Hold. Therefore 19% are positive. Infosys had 37 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained Infosys Limited (NYSE:INFY) on Friday, July 14 with “Hold” rating. Robert W. Baird maintained the shares of INFY in report on Friday, November 10 with “Hold” rating. The stock of Infosys Limited (NYSE:INFY) has “Neutral” rating given on Monday, September 18 by Goldman Sachs. The firm has “Hold” rating given on Friday, July 14 by Stifel Nicolaus. On Thursday, June 8 the stock rating was upgraded by HSBC to “Buy”. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, October 3 report. The stock has “Hold” rating by Cantor Fitzgerald on Friday, October 16. HSBC downgraded the stock to “Hold” rating in Tuesday, August 9 report. On Tuesday, August 29 the stock rating was upgraded by Deutsche Bank to “Buy”. The stock has “Neutral” rating by Wedbush on Friday, September 9.

Investors sentiment decreased to 1.34 in Q3 2017. Its down 0.23, from 1.57 in 2017Q2. It dived, as 12 investors sold NHI shares while 55 reduced holdings. 31 funds opened positions while 59 raised stakes. 28.92 million shares or 1.89% more from 28.38 million shares in 2017Q2 were reported. Quantbot Technology Limited Partnership holds 0% of its portfolio in National Health Investors, Inc. (NYSE:NHI) for 125 shares. Moreover, Martingale Asset Mgmt Ltd Partnership has 0.06% invested in National Health Investors, Inc. (NYSE:NHI). Pnc Grp Inc stated it has 2,329 shares. Putnam Ltd Liability Com reported 0% stake. Virginia Retirement Sys Et Al reported 106,800 shares or 0.1% of all its holdings. Alliancebernstein Limited Partnership holds 99,722 shares or 0.01% of its portfolio. Fortaleza Asset Management Inc owns 2,740 shares. Tennessee-based Lee Danner And Bass has invested 1.32% in National Health Investors, Inc. (NYSE:NHI). Raymond James Financial Services Advsr Incorporated holds 0.01% in National Health Investors, Inc. (NYSE:NHI) or 12,113 shares. 21,859 are held by Credit Agricole S A. Amalgamated Bankshares accumulated 4,994 shares. Proshare Advsr Limited Liability Com holds 0.07% or 103,574 shares in its portfolio. Wells Fargo And Mn holds 77,640 shares. Schroder Grp reported 0% in National Health Investors, Inc. (NYSE:NHI). Verition Fund Mngmt Ltd Co reported 3,858 shares.

Analysts await National Health Investors, Inc. (NYSE:NHI) to report earnings on February, 16. They expect $1.33 EPS, up 4.72% or $0.06 from last year’s $1.27 per share. NHI’s profit will be $55.24 million for 13.12 P/E if the $1.33 EPS becomes a reality. After $1.37 actual EPS reported by National Health Investors, Inc. for the previous quarter, Wall Street now forecasts -2.92% negative EPS growth.

Since August 24, 2017, it had 0 insider buys, and 1 insider sale for $159,600 activity.

Lee Danner & Bass Inc, which manages about $1.12 billion and $929.08M US Long portfolio, upped its stake in Cisco Systems Inc. (NASDAQ:CSCO) by 14,239 shares to 171,102 shares, valued at $5.75 million in 2017Q3, according to the filing. It also increased its holding in Corecivic Inc. by 36,318 shares in the quarter, for a total of 1.22 million shares, and has risen its stake in Pinnacle Financial Partners (NASDAQ:PNFP).

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