Perritt Capital Management Has Increased Matrix Svc Co (MTRX) Position; Altfest L J & Company Holding in United Parcel Svc Cl B (UPS) Lowered as Market Valuation Declined

February 18, 2018 - By Adrian Erickson

Altfest L J & Company Inc decreased its stake in United Parcel Svc Inc Cl B (UPS) by 43.86% based on its latest 2017Q3 regulatory filing with the SEC. Altfest L J & Company Inc sold 6,194 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 7,929 shares of the transportation company at the end of 2017Q3, valued at $952,000, down from 14,123 at the end of the previous reported quarter. Altfest L J & Company Inc who had been investing in United Parcel Svc Inc Cl B for a number of months, seems to be less bullish one the $91.40 billion market cap company. The stock decreased 0.93% or $1 during the last trading session, reaching $106.4. About 6.12 million shares traded or 43.18% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 18, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Perritt Capital Management Inc increased its stake in Matrix Svc Co (MTRX) by 25.22% based on its latest 2017Q3 regulatory filing with the SEC. Perritt Capital Management Inc bought 80,000 shares as the company’s stock declined 48.70% while stock markets rallied. The institutional investor held 397,158 shares of the engineering & construction company at the end of 2017Q3, valued at $6.04M, up from 317,158 at the end of the previous reported quarter. Perritt Capital Management Inc who had been investing in Matrix Svc Co for a number of months, seems to be bullish on the $415.67 million market cap company. It closed at $15.5 lastly. It is down 43.23% since February 18, 2017 and is downtrending. It has underperformed by 59.93% the S&P500.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.09, from 1.05 in 2017Q2. It improved, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Guardian Advsr Lp owns 4,059 shares for 0.07% of their portfolio. Asset Mgmt One holds 0.31% or 1.12 million shares. Neuberger Berman invested in 0.02% or 122,941 shares. Jump Trading Limited Liability Company holds 0.04% or 1,668 shares. Howe Rusling Incorporated owns 0.01% invested in United Parcel Service, Inc. (NYSE:UPS) for 525 shares. Cape Cod Five Cents Bancorp invested in 0.05% or 2,681 shares. Parnassus Invs Ca has 6.46 million shares. Blue Chip Ptnrs has 2.49% invested in United Parcel Service, Inc. (NYSE:UPS) for 64,384 shares. Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.12% invested in United Parcel Service, Inc. (NYSE:UPS). Mycio Wealth Prtn Limited Liability Com invested in 6,532 shares or 0.09% of the stock. Point72 Asset Management LP holds 40,000 shares or 0.02% of its portfolio. Guyasuta Inv invested in 181,726 shares. Strs Ohio has 0.23% invested in United Parcel Service, Inc. (NYSE:UPS). Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma holds 0.01% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 3,713 shares. Axa has 0.24% invested in United Parcel Service, Inc. (NYSE:UPS).

Among 24 analysts covering United Parcel Service (NYSE:UPS), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. United Parcel Service had 66 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Buy” rating given on Wednesday, July 29 by S&P Research. The stock has “Buy” rating by Zacks on Friday, August 14. Stifel Nicolaus maintained the shares of UPS in report on Thursday, July 27 with “Hold” rating. Stifel Nicolaus maintained it with “Hold” rating and $103.0 target in Wednesday, September 20 report. Morgan Stanley reinitiated United Parcel Service, Inc. (NYSE:UPS) rating on Tuesday, February 23. Morgan Stanley has “Underweight” rating and $88 target. BMO Capital Markets maintained it with “Hold” rating and $130.0 target in Thursday, February 1 report. Cowen & Co maintained it with “Hold” rating and $124.0 target in Monday, October 23 report. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, October 27 report. Stephens maintained United Parcel Service, Inc. (NYSE:UPS) on Thursday, February 1 with “Hold” rating. The firm has “Neutral” rating by Macquarie Research given on Wednesday, October 28.

Altfest L J & Company Inc, which manages about $205.71 million US Long portfolio, upped its stake in Simon Property Group Inc. (NYSE:SPG) by 3,456 shares to 7,912 shares, valued at $1.27 million in 2017Q3, according to the filing. It also increased its holding in Williams Cos. Inc. (NYSE:WMB) by 19,027 shares in the quarter, for a total of 44,255 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Since December 15, 2017, it had 0 insider purchases, and 1 insider sale for $88,275 activity.

Perritt Capital Management Inc, which manages about $709.62 million and $380.50M US Long portfolio, decreased its stake in Superior Uniform Gp Inc (NASDAQ:SGC) by 70,000 shares to 76,814 shares, valued at $1.76 million in 2017Q3, according to the filing. It also reduced its holding in Blackrock Core Bd Tr (BHK) by 159,994 shares in the quarter, leaving it with 152,586 shares, and cut its stake in Innodata Inc (NASDAQ:INOD).

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