First Eagle Investment Management Has Raised Position in Tahoe Res (TAHO); Srs Investment Management Lifted Its Stake in Netflix (NFLX) as Market Valuation Rose

February 19, 2018 - By Clifton Ray

Jean increased its stake in Tahoe Res Inc (TAHO) by 11.74% based on its latest 2017Q3 regulatory filing with the SEC. First Eagle Investment Management Llc bought 789,498 shares as the company’s stock rose 6.76% with the market. The hedge fund run by Jean held 7.52 million shares of the basic industries company at the end of 2017Q3, valued at $39.54 million, up from 6.73M at the end of the previous reported quarter. First Eagle Investment Management Llc who had been investing in Tahoe Res Inc for a number of months, seems to be bullish on the $1.27B market cap company. The stock decreased 1.90% or $0.08 during the last trading session, reaching $4.13. About 2.74M shares traded or 1.78% up from the average. Tahoe Resources Inc. (NYSE:TAHO) has declined 23.51% since February 19, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Karthik Sarma increased its stake in Netflix Inc (NFLX) by 20887.81% based on its latest 2017Q3 regulatory filing with the SEC. Srs Investment Management Llc bought 10.44M shares as the company’s stock rose 10.41% with the market. The hedge fund run by Karthik Sarma held 10.49M shares of the consumer services company at the end of 2017Q3, valued at $1.90B, up from 50,000 at the end of the previous reported quarter. Srs Investment Management Llc who had been investing in Netflix Inc for a number of months, seems to be bullish on the $120.86 billion market cap company. The stock decreased 0.62% or $1.75 during the last trading session, reaching $278.52. About 8.31 million shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since February 19, 2017 and is uptrending. It has outperformed by 58.64% the S&P500.

First Eagle Investment Management Llc, which manages about $44.72B US Long portfolio, decreased its stake in Te Connectivity Ltd (NYSE:TEL) by 1.13 million shares to 559,638 shares, valued at $46.48 million in 2017Q3, according to the filing. It also reduced its holding in Liberty Media Corp Delaware by 19,940 shares in the quarter, leaving it with 185,344 shares, and cut its stake in Grace W R & Co Del New (NYSE:GRA).

Among 9 analysts covering Tahoe Resources (NYSE:TAHO), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Tahoe Resources had 18 analyst reports since October 8, 2015 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Buy” on Monday, September 11. Raymond James downgraded the shares of TAHO in report on Friday, July 7 to “Mkt Perform” rating. The company was initiated on Friday, April 15 by Bank of America. The firm has “Neutral” rating by Macquarie Research given on Friday, July 7. Desjardins Securities initiated the shares of TAHO in report on Wednesday, August 31 with “Buy” rating. The firm earned “Hold” rating on Friday, January 26 by Credit Suisse. The company was downgraded on Thursday, January 19 by IBC. The stock of Tahoe Resources Inc. (NYSE:TAHO) has “Outperform” rating given on Monday, December 12 by RBC Capital Markets. JP Morgan initiated Tahoe Resources Inc. (NYSE:TAHO) on Friday, December 11 with “Overweight” rating. The company was downgraded on Friday, July 7 by Credit Suisse.

Investors sentiment decreased to 1.12 in 2017 Q3. Its down 0.10, from 1.22 in 2017Q2. It turned negative, as 56 investors sold NFLX shares while 255 reduced holdings. 115 funds opened positions while 233 raised stakes. 356.10 million shares or 3.23% more from 344.96 million shares in 2017Q2 were reported. Profund Advsrs Limited Company reported 0.55% in Netflix, Inc. (NASDAQ:NFLX). Waldron LP reported 1,159 shares. Cwm Limited Liability Corp invested in 1,544 shares or 0.01% of the stock. Strs Ohio reported 0.25% stake. Private Wealth Partners Llc reported 1,110 shares. Wg Shaheen And Assocs Dba Whitney And holds 0.07% in Netflix, Inc. (NASDAQ:NFLX) or 1,410 shares. Thrivent For Lutherans reported 0.54% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Whale Rock Capital Management owns 3.87% invested in Netflix, Inc. (NASDAQ:NFLX) for 410,262 shares. Moreover, Sii Investments Inc Wi has 0.03% invested in Netflix, Inc. (NASDAQ:NFLX). Focused Wealth Mngmt Inc holds 735 shares or 0.04% of its portfolio. New York-based Jericho Asset Management LP has invested 3.2% in Netflix, Inc. (NASDAQ:NFLX). Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma reported 1,815 shares. Ogorek Anthony Joseph New York Adv holds 472 shares. Ancora Advsr Limited Liability owns 1,305 shares for 0.01% of their portfolio. Millennium Ltd Liability Corp invested in 44,045 shares or 0.01% of the stock.

Srs Investment Management Llc, which manages about $3.65 billion and $4.85 billion US Long portfolio, decreased its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 875,872 shares to 2.27M shares, valued at $164.43 million in 2017Q3, according to the filing.

Since August 21, 2017, it had 0 insider purchases, and 36 sales for $124.60 million activity. The insider Peters Gregory K sold $1.92M. FRIEDLAND JONATHAN had sold 972 shares worth $218,817 on Tuesday, January 16. $191,200 worth of Netflix, Inc. (NASDAQ:NFLX) was sold by WELLS DAVID B on Monday, December 18. $187,093 worth of stock was sold by BARTON RICHARD N on Thursday, January 25. 826 shares were sold by KILGORE LESLIE J, worth $175,938 on Wednesday, January 10. HYMAN DAVID A had sold 63,378 shares worth $12.61M on Monday, October 30.

Among 56 analysts covering Netflix (NASDAQ:NFLX), 40 have Buy rating, 2 Sell and 14 Hold. Therefore 71% are positive. Netflix had 226 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bernstein given on Thursday, October 12. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Overweight” rating given on Friday, April 1 by Atlantic Securities. As per Monday, August 29, the company rating was initiated by Axiom Capital. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Stifel Nicolaus on Monday, August 10. JP Morgan maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, April 19. JP Morgan has “Overweight” rating and $126 target. Pacific Crest maintained Netflix, Inc. (NASDAQ:NFLX) on Tuesday, April 19 with “Overweight” rating. The company was maintained on Wednesday, August 9 by UBS. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by BTIG Research on Tuesday, July 19. Canaccord Genuity maintained Netflix, Inc. (NASDAQ:NFLX) rating on Thursday, January 19. Canaccord Genuity has “Buy” rating and $160 target. The company was maintained on Wednesday, July 12 by Wedbush.

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