Nbw Capital Cut Chegg (CHGG) Position as Stock Rose; Kornitzer Capital Management Trimmed Its Newmont Mining (NEM) Holding as Share Value Declined

February 18, 2018 - By Clifton Ray

Nbw Capital Llc decreased its stake in Chegg (CHGG) by 51.41% based on its latest 2017Q3 regulatory filing with the SEC. Nbw Capital Llc sold 139,329 shares as the company’s stock rose 43.03% with the market. The institutional investor held 131,711 shares of the consumer services company at the end of 2017Q3, valued at $1.96 million, down from 271,040 at the end of the previous reported quarter. Nbw Capital Llc who had been investing in Chegg for a number of months, seems to be less bullish one the $2.15 billion market cap company. The stock increased 1.98% or $0.38 during the last trading session, reaching $19.57. About 1.81M shares traded or 87.94% up from the average. Chegg, Inc. (NYSE:CHGG) has risen 163.16% since February 18, 2017 and is uptrending. It has outperformed by 146.46% the S&P500.

Kornitzer Capital Management Inc decreased its stake in Newmont Mining Corp (NEM) by 8.49% based on its latest 2017Q3 regulatory filing with the SEC. Kornitzer Capital Management Inc sold 10,625 shares as the company’s stock declined 9.13% while stock markets rallied. The institutional investor held 114,555 shares of the precious metals company at the end of 2017Q3, valued at $4.30M, down from 125,180 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $20.86 billion market cap company. The stock decreased 0.76% or $0.3 during the last trading session, reaching $39.11. About 5.40 million shares traded or 1.92% up from the average. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since February 18, 2017 and is downtrending. It has underperformed by 18.19% the S&P500.

Among 13 analysts covering Chegg Inc (NYSE:CHGG), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Chegg Inc had 37 analyst reports since August 5, 2015 according to SRatingsIntel. JP Morgan maintained it with “Overweight” rating and $18 target in Wednesday, November 1 report. Jefferies maintained Chegg, Inc. (NYSE:CHGG) rating on Wednesday, September 6. Jefferies has “Buy” rating and $17.0 target. The rating was maintained by Barrington Research on Thursday, September 29 with “Outperform”. As per Wednesday, July 26, the company rating was downgraded by Lake Street. The stock has “Buy” rating by Craig Hallum on Thursday, November 19. The firm has “Outperform” rating given on Tuesday, April 11 by Northland Capital. Jefferies maintained Chegg, Inc. (NYSE:CHGG) rating on Wednesday, June 21. Jefferies has “Buy” rating and $1300 target. As per Wednesday, July 26, the company rating was maintained by Jefferies. Lake Street maintained the stock with “Buy” rating in Tuesday, May 2 report. Jefferies maintained the shares of CHGG in report on Tuesday, February 13 with “Buy” rating.

Since August 15, 2017, it had 0 buys, and 14 sales for $9.93 million activity. $3.19 million worth of Chegg, Inc. (NYSE:CHGG) was sold by ROSENSWEIG DANIEL on Monday, December 18. Another trade for 9,400 shares valued at $159,800 was sold by Lem Esther. Another trade for 13,257 shares valued at $217,017 was made by BORDERS DAVE JR. on Monday, January 1. Osier Michael A. also sold $832,650 worth of Chegg, Inc. (NYSE:CHGG) shares. On Wednesday, December 13 the insider BRANDEMUEHL JENNY sold $783,500.

Investors sentiment decreased to 1.89 in Q3 2017. Its down 0.82, from 2.71 in 2017Q2. It dropped, as 26 investors sold CHGG shares while 27 reduced holdings. 34 funds opened positions while 66 raised stakes. 102.60 million shares or 21.13% more from 84.70 million shares in 2017Q2 were reported. Lenox Wealth Advsrs invested in 0% or 164 shares. 1.60M are held by State Street Corporation. Paw Cap Corp invested 2.88% of its portfolio in Chegg, Inc. (NYSE:CHGG). Tower Capital Ltd (Trc) holds 0.01% or 9,234 shares. Aqr Ltd Llc has invested 0% in Chegg, Inc. (NYSE:CHGG). Pier Limited Liability Company has invested 0.98% in Chegg, Inc. (NYSE:CHGG). Amalgamated National Bank & Trust has invested 0.01% in Chegg, Inc. (NYSE:CHGG). American Century reported 502,101 shares stake. Fred Alger Management Inc invested in 0.18% or 2.66M shares. Clearbridge Ltd Liability Co reported 678,487 shares or 0.01% of all its holdings. Sei Invests invested 0% of its portfolio in Chegg, Inc. (NYSE:CHGG). Citadel Ltd Liability Corporation reported 0% in Chegg, Inc. (NYSE:CHGG). Barclays Public Limited Company holds 0% of its portfolio in Chegg, Inc. (NYSE:CHGG) for 72,808 shares. Winch Advisory Ltd Liability Corp invested in 0% or 500 shares. Hbk Invests Ltd Partnership holds 0.01% in Chegg, Inc. (NYSE:CHGG) or 75,000 shares.

Analysts await Newmont Mining Corporation (NYSE:NEM) to report earnings on February, 20. They expect $0.36 earnings per share, up 9.09% or $0.03 from last year’s $0.33 per share. NEM’s profit will be $192.00M for 27.16 P/E if the $0.36 EPS becomes a reality. After $0.35 actual earnings per share reported by Newmont Mining Corporation for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Kornitzer Capital Management Inc, which manages about $11.35B and $5.73B US Long portfolio, upped its stake in Roper Industries Inc (NYSE:ROP) by 12,826 shares to 91,626 shares, valued at $22.30M in 2017Q3, according to the filing. It also increased its holding in Parker Hannifin Corp Com (NYSE:PH) by 4,430 shares in the quarter, for a total of 91,705 shares, and has risen its stake in Logmein Inc (NASDAQ:LOGM).

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 85 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) rating on Monday, August 28. RBC Capital Markets has “Hold” rating and $41.0 target. RBC Capital Markets downgraded Newmont Mining Corporation (NYSE:NEM) on Thursday, January 7 to “Sector Perform” rating. JP Morgan upgraded the stock to “Overweight” rating in Thursday, November 3 report. On Friday, March 18 the stock rating was downgraded by Standpoint Research to “Hold”. As per Tuesday, September 1, the company rating was upgraded by Scotia Capital. The rating was maintained by RBC Capital Markets on Tuesday, July 25 with “Hold”. Jefferies maintained the shares of NEM in report on Tuesday, October 3 with “Hold” rating. The stock of Newmont Mining Corporation (NYSE:NEM) has “Buy” rating given on Tuesday, November 22 by Bank of America. On Tuesday, January 12 the stock rating was upgraded by Jefferies to “Buy”. FBR Capital maintained Newmont Mining Corporation (NYSE:NEM) on Monday, December 7 with “Mkt Perform” rating.

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