Impala Asset Management Holding in Take (TTWO) Cut as Stock Declined; Lear (LEA) Shareholder Cubic Asset Management Decreased Its Stake as Market Value Rose

May 26, 2018 - By Adrian Erickson

Lear Corporation (NYSE:LEA) Logo

Cubic Asset Management Llc decreased its stake in Lear Corporation (LEA) by 44.4% based on its latest 2017Q4 regulatory filing with the SEC. Cubic Asset Management Llc sold 6,813 shares as the company’s stock rose 4.15% while stock markets declined. The institutional investor held 8,533 shares of the o.e.m. company at the end of 2017Q4, valued at $1.51M, down from 15,346 at the end of the previous reported quarter. Cubic Asset Management Llc who had been investing in Lear Corporation for a number of months, seems to be less bullish one the $13.17B market cap company. The stock decreased 0.50% or $1 during the last trading session, reaching $198.63. About 424,376 shares traded. Lear Corporation (NYSE:LEA) has risen 33.95% since May 26, 2017 and is uptrending. It has outperformed by 22.40% the S&P500.

Robert Bishop decreased its stake in Take (TTWO) by 16% based on its latest 2017Q4 regulatory filing with the SEC. Impala Asset Management Llc sold 123,117 shares as the company’s stock declined 10.17% with the market. The hedge fund run by Robert Bishop held 646,418 shares of the technology company at the end of 2017Q4, valued at $70.96 million, down from 769,535 at the end of the previous reported quarter. Impala Asset Management Llc who had been investing in Take for a number of months, seems to be less bullish one the $12.81B market cap company. The stock decreased 0.04% or $0.05 during the last trading session, reaching $112.02. About 954,965 shares traded. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 67.39% since May 26, 2017 and is uptrending. It has outperformed by 55.84% the S&P500.

More notable recent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) news were published by: Fool.com which released: “Take-Two Hit By Weak Demand” on May 19, 2018, also Seekingalpha.com with their article: “Take-Two Interactive Software’s (TTWO) CEO Strauss Zelnick on Q4 2018 Results – Earnings Call Transcript” published on May 17, 2018, 247Wallst.com published: “How Wall Street Misinterpreted Take-Two’s Guidance and Bookings” on May 17, 2018. More interesting news about Take-Two Interactive Software, Inc. (NASDAQ:TTWO) were released by: Fool.com and their article: “Can Video Game Companies Convince Advertisers to Buy Into Esports?” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “Look For Broken Stocks On Tepid Market Days – Cramer’s Mad Money (5/22/18)” with publication date: May 23, 2018.

Among 20 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 17 have Buy rating, 0 Sell and 3 Hold. Therefore 85% are positive. Take-Two Interactive Software had 83 analyst reports since July 28, 2015 according to SRatingsIntel. As per Wednesday, November 8, the company rating was maintained by Credit Suisse. The company was maintained on Thursday, February 4 by Wedbush. The rating was maintained by Piper Jaffray on Friday, September 8 with “Buy”. On Tuesday, June 27 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Monday, July 10 by Stifel Nicolaus. As per Thursday, August 3, the company rating was maintained by Oppenheimer. As per Thursday, May 17, the company rating was maintained by Credit Suisse. The firm has “Buy” rating by Piper Jaffray given on Thursday, August 3. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, November 8. The firm earned “Buy” rating on Thursday, February 8 by Robert W. Baird.

Investors sentiment increased to 1.27 in 2017 Q4. Its up 0.09, from 1.18 in 2017Q3. It improved, as 45 investors sold TTWO shares while 123 reduced holdings. 93 funds opened positions while 120 raised stakes. 98.01 million shares or 2.20% less from 100.22 million shares in 2017Q3 were reported. Usa Financial Portformulas Corp reported 4,250 shares or 0.11% of all its holdings. Northern Trust Corporation owns 995,899 shares. Connecticut-based Verition Fund Mgmt Limited Liability Com has invested 0.06% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Credit Suisse Ag has 0.02% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 154,501 shares. Natixis has 0.08% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Thrivent Fin For Lutherans has 0.01% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Jackson Square Partners Ltd Liability Corp holds 2.17% or 3.90 million shares. Fuller Thaler Asset Mngmt owns 184,315 shares. Oregon Pub Employees Retirement Fund reported 38,280 shares or 0.06% of all its holdings. Morgens Waterfall Vintiadis Company has invested 5.14% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). First Mercantile Tru holds 17,300 shares or 0.37% of its portfolio. Virginia Retirement Et Al reported 147,700 shares. Moreover, Acadian Asset Limited Co has 0.01% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Kj Harrison And Ptnrs owns 6,000 shares. Tobam reported 42,660 shares.

Since February 15, 2018, it had 0 insider buys, and 4 selling transactions for $52.81 million activity. 40,000 shares were sold by ZELNICK STRAUSS, worth $4.53 million on Friday, May 18. Slatoff Karl sold $24.12M worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Monday, April 2.

Impala Asset Management Llc, which manages about $2.53 billion and $2.82 billion US Long portfolio, upped its stake in D R Horton Inc (NYSE:DHI) by 314,316 shares to 1.27 million shares, valued at $64.70M in 2017Q4, according to the filing. It also increased its holding in Hess Corp (NYSE:HES) by 886,096 shares in the quarter, for a total of 2.30M shares, and has risen its stake in Belmond Ltd (NYSE:BEL).

More notable recent Lear Corporation (NYSE:LEA) news were published by: Streetinsider.com which released: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” on May 15, 2018, also Streetinsider.com with their article: “Evercore ISI Upgrades Lear (LEA) to Outperform” published on May 14, 2018, Streetinsider.com published: “Car imports probe gives GM, Ford shares tiny lift” on May 24, 2018. More interesting news about Lear Corporation (NYSE:LEA) were released by: Seekingalpha.com and their article: “Lear Corporation: Primed For A Breakout” published on May 17, 2018 as well as Prnewswire.com‘s news article titled: “Lear Names Rashida Thomas Chief Diversity Officer” with publication date: May 23, 2018.

Since February 16, 2018, it had 0 insider buys, and 13 sales for $47.12 million activity. Larkin Terrence B sold 22,756 shares worth $4.33M. $3.28 million worth of Lear Corporation (NYSE:LEA) shares were sold by STEPHENS MEL. 1,789 shares were sold by SMITH GREG C, worth $360,537 on Thursday, May 17. Simoncini Matthew also sold $19.01M worth of Lear Corporation (NYSE:LEA) on Friday, February 16. RUNKLE DONALD L sold $190,671 worth of stock. $4.86 million worth of Lear Corporation (NYSE:LEA) was sold by SCOTT RAYMOND E.

Among 21 analysts covering Lear Corporation (NYSE:LEA), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Lear Corporation had 80 analyst reports since July 27, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, October 20 report. The rating was maintained by Longbow on Friday, April 27 with “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, December 19. UBS upgraded the stock to “Buy” rating in Tuesday, August 18 report. The stock of Lear Corporation (NYSE:LEA) earned “Outperform” rating by Evercore on Monday, May 14. The rating was maintained by Cowen & Co with “Buy” on Friday, January 26. The company was upgraded on Thursday, October 26 by RBC Capital Markets. The firm has “Underperform” rating by Bank of America given on Friday, June 16. Goldman Sachs maintained Lear Corporation (NYSE:LEA) rating on Tuesday, May 3. Goldman Sachs has “Neutral” rating and $122 target. The firm earned “Equal-Weight” rating on Thursday, July 27 by Barclays Capital.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.04, from 0.92 in 2017Q3. It improved, as 26 investors sold LEA shares while 172 reduced holdings. 50 funds opened positions while 141 raised stakes. 58.04 million shares or 3.12% less from 59.92 million shares in 2017Q3 were reported. Exane Derivatives invested in 0% or 10 shares. First Midwest Natl Bank Trust Division invested 0.27% in Lear Corporation (NYSE:LEA). Moreover, Renaissance Techs Limited Liability Corp has 0.02% invested in Lear Corporation (NYSE:LEA). Scout Invs owns 0.41% invested in Lear Corporation (NYSE:LEA) for 93,547 shares. Capital One National Association has invested 0.1% in Lear Corporation (NYSE:LEA). Natl Pension Ser reported 0.07% in Lear Corporation (NYSE:LEA). Symphony Asset Mgmt Limited Liability Corp holds 5,166 shares or 0.09% of its portfolio. Paradigm Asset Mgmt Limited Liability Company accumulated 0.76% or 15,800 shares. Legal & General Grp Inc Plc reported 406,438 shares. Euclidean Techs Management Ltd Llc accumulated 12,866 shares. Pacad Invest Ltd stated it has 3,119 shares or 0.13% of all its holdings. Glg Prtn LP reported 1,400 shares stake. Bluecrest Mgmt invested 0.08% of its portfolio in Lear Corporation (NYSE:LEA). Lingohr And Partner Asset Mngmt Gmbh holds 0.5% in Lear Corporation (NYSE:LEA) or 5,414 shares. 245,690 are owned by Credit Suisse Ag.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on July, 25. They expect $5.07 earnings per share, up 15.49% or $0.68 from last year’s $4.39 per share. LEA’s profit will be $336.24M for 9.79 P/E if the $5.07 EPS becomes a reality. After $5.10 actual earnings per share reported by Lear Corporation for the previous quarter, Wall Street now forecasts -0.59% negative EPS growth.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Institutional Positions Chart

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