Lam Research (LRCX) Position Upped by Peregrine Asset Advisers Inc; Calgon Carbon (CCC) Stock Price Declined While Steinberg Global Asset Management Has Lowered Its Stake

January 22, 2018 - By Kurt Siggers

Peregrine Asset Advisers Inc increased its stake in Lam Research (LRCX) by 1394.73% based on its latest 2017Q3 regulatory filing with the SEC. Peregrine Asset Advisers Inc bought 54,297 shares as the company’s stock rose 32.64% with the market. The institutional investor held 58,190 shares of the industrial machinery and components company at the end of 2017Q3, valued at $10.77 million, up from 3,893 at the end of the previous reported quarter. Peregrine Asset Advisers Inc who had been investing in Lam Research for a number of months, seems to be bullish on the $33.81 billion market cap company. The stock increased 0.61% or $1.26 during the last trading session, reaching $208.79. About 1.16 million shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since January 22, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Steinberg Global Asset Management decreased its stake in Calgon Carbon Corp (CCC) by 45.64% based on its latest 2017Q3 regulatory filing with the SEC. Steinberg Global Asset Management sold 38,699 shares as the company’s stock declined 10.59% while stock markets rallied. The institutional investor held 46,084 shares of the major chemicals company at the end of 2017Q3, valued at $986,000, down from 84,783 at the end of the previous reported quarter. Steinberg Global Asset Management who had been investing in Calgon Carbon Corp for a number of months, seems to be less bullish one the $1.08B market cap company. The stock decreased 0.82% or $0.17 during the last trading session, reaching $21.23. About 1.20 million shares traded. Calgon Carbon Corporation (NYSE:CCC) has declined 0.14% since January 22, 2017 and is downtrending. It has underperformed by 16.84% the S&P500.

Among 5 analysts covering Calgon Carbon (NYSE:CCC), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Calgon Carbon had 10 analyst reports since February 22, 2016 according to SRatingsIntel. The firm has “Buy” rating by Janney Capital given on Wednesday, May 11. The firm earned “Hold” rating on Thursday, July 13 by Janney Capital. The rating was maintained by Roth Capital on Wednesday, August 9 with “Hold”. The stock has “Outperform” rating by Oppenheimer on Wednesday, June 1. The company was downgraded on Monday, February 22 by Roth Capital. The stock has “Buy” rating by Robert W. Baird on Thursday, September 21. The stock of Calgon Carbon Corporation (NYSE:CCC) has “Outperform” rating given on Tuesday, October 4 by Robert W. Baird. The company was downgraded on Monday, February 22 by BB&T Capital. Robert W. Baird maintained it with “Buy” rating and $17.0 target in Monday, September 11 report. The stock of Calgon Carbon Corporation (NYSE:CCC) earned “Sell” rating by Janney Capital on Thursday, September 21.

Analysts await Calgon Carbon Corporation (NYSE:CCC) to report earnings on February, 23. They expect $0.18 earnings per share, up 260.00% or $0.13 from last year’s $0.05 per share. CCC’s profit will be $9.14 million for 29.49 P/E if the $0.18 EPS becomes a reality. After $0.14 actual earnings per share reported by Calgon Carbon Corporation for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

Steinberg Global Asset Management, which manages about $604.10 million and $680.23 million US Long portfolio, upped its stake in Abb Ltd (NYSE:ABB) by 17,445 shares to 110,141 shares, valued at $2.73 million in 2017Q3, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 8,636 shares in the quarter, for a total of 32,711 shares, and has risen its stake in Ishares Tr (IUSV).

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.33, from 1.28 in 2017Q2. It dropped, as 33 investors sold CCC shares while 41 reduced holdings. 29 funds opened positions while 41 raised stakes. 45.52 million shares or 5.47% more from 43.16 million shares in 2017Q2 were reported. Kbc Nv holds 0.07% or 357,194 shares in its portfolio. Hong Kong-based Segantii Capital Mngmt has invested 0.23% in Calgon Carbon Corporation (NYSE:CCC). The New York-based Harvest Ltd Limited Liability Company has invested 0.82% in Calgon Carbon Corporation (NYSE:CCC). Comerica Bancorporation has invested 0.01% in Calgon Carbon Corporation (NYSE:CCC). Bnp Paribas Arbitrage owns 27,763 shares. Virtu Financial Ltd has invested 0.08% of its portfolio in Calgon Carbon Corporation (NYSE:CCC). 20,600 were reported by Louisiana State Employees Retirement System. 15,700 are owned by Teachers Retirement Systems Of The State Of Kentucky. Sei holds 17,208 shares or 0% of its portfolio. Rockefeller Financial Services accumulated 0.02% or 42,777 shares. Public Employees Retirement Association Of Colorado holds 14,622 shares. Pennsylvania-based Cim Invest Mangement has invested 0.29% in Calgon Carbon Corporation (NYSE:CCC). Serv Automobile Association holds 0.02% of its portfolio in Calgon Carbon Corporation (NYSE:CCC) for 343,000 shares. Piedmont Investment Advisors Limited reported 0.01% stake. State Street Corp holds 0% or 1.20 million shares.

Since September 11, 2017, it had 0 insider buys, and 10 selling transactions for $7.30 million activity. NEWBERRY STEPHEN G sold $135,000 worth of stock.

Among 23 analysts covering Lam Research Corporation (NASDAQ:LRCX), 22 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation had 70 analyst reports since September 17, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Friday, January 13. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. The rating was maintained by Credit Suisse on Wednesday, October 18 with “Buy”. UBS maintained the stock with “Buy” rating in Monday, June 5 report. RBC Capital Markets maintained the stock with “Buy” rating in Monday, June 5 report. The stock has “Buy” rating by CLSA on Friday, September 25. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, November 15. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by RBC Capital Markets on Thursday, July 27. Citigroup maintained the shares of LRCX in report on Wednesday, October 18 with “Neutral” rating. On Tuesday, December 15 the stock rating was initiated by Morgan Stanley with “Overweight”.

Peregrine Asset Advisers Inc, which manages about $266.46 million and $190.11 million US Long portfolio, decreased its stake in Bristol Myers Squibb (NYSE:BMY) by 14,501 shares to 66,462 shares, valued at $4.24 million in 2017Q3, according to the filing. It also reduced its holding in Micron Technology (NASDAQ:MU) by 45,009 shares in the quarter, leaving it with 118,327 shares, and cut its stake in Johnson&Johnson (NYSE:JNJ).

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