Prime Capital Management Company LTD Holding in Xunlei LTD (XNET) Lowered by $7.00 Million; Eagle Asset Management Has Upped Its Stake in Kennametal (KMT) by $951,888

April 21, 2018 - By Stephen Andrade

Kennametal Inc. (NYSE:KMT) Logo

Eagle Asset Management Inc increased its stake in Kennametal Inc (KMT) by 6.37% based on its latest 2017Q4 regulatory filing with the SEC. Eagle Asset Management Inc bought 19,831 shares as the company’s stock declined 16.35% with the market. The institutional investor held 331,220 shares of the industrial machinery and components company at the end of 2017Q4, valued at $16.03M, up from 311,389 at the end of the previous reported quarter. Eagle Asset Management Inc who had been investing in Kennametal Inc for a number of months, seems to be bullish on the $3.27 billion market cap company. The stock decreased 0.89% or $0.36 during the last trading session, reaching $40.05. About 1.04 million shares traded. Kennametal Inc. (NYSE:KMT) has risen 10.68% since April 21, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Prime Capital Management Company Ltd decreased its stake in Xunlei Ltd (XNET) by 52.17% based on its latest 2017Q4 regulatory filing with the SEC. Prime Capital Management Company Ltd sold 466,616 shares as the company’s stock declined 23.95% with the market. The hedge fund held 427,749 shares of the prepackaged software company at the end of 2017Q4, valued at $6.58 million, down from 894,365 at the end of the previous reported quarter. Prime Capital Management Company Ltd who had been investing in Xunlei Ltd for a number of months, seems to be less bullish one the $898.17 million market cap company. The stock increased 6.32% or $0.8 during the last trading session, reaching $13.46. About 3.15M shares traded or 73.45% up from the average. Xunlei Limited (NASDAQ:XNET) has risen 165.79% since April 21, 2017 and is uptrending. It has outperformed by 154.24% the S&P500.

Among 16 analysts covering Kennametal Inc. (NYSE:KMT), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Kennametal Inc. had 50 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, February 4 by Longbow. The stock of Kennametal Inc. (NYSE:KMT) earned “Sell” rating by UBS on Wednesday, October 28. The firm earned “Buy” rating on Friday, February 3 by Seaport Global Securities. The stock has “Hold” rating by Stifel Nicolaus on Thursday, October 5. As per Thursday, January 18, the company rating was maintained by Jefferies. BMO Capital Markets maintained Kennametal Inc. (NYSE:KMT) on Tuesday, April 17 with “Hold” rating. The stock of Kennametal Inc. (NYSE:KMT) has “Buy” rating given on Monday, September 18 by Jefferies. On Thursday, August 18 the stock rating was downgraded by Seaport Global to “Neutral”. The firm earned “Buy” rating on Monday, January 8 by KeyBanc Capital Markets. The firm earned “Hold” rating on Friday, April 21 by BMO Capital Markets.

Since December 13, 2017, it had 0 buys, and 1 sale for $960,000 activity.

Eagle Asset Management Inc, which manages about $25.60B and $18.19 billion US Long portfolio, decreased its stake in Canada Goose Holdings Inc by 93,930 shares to 580,693 shares, valued at $18.33M in 2017Q4, according to the filing. It also reduced its holding in Ceva Inc (NASDAQ:CEVA) by 14,517 shares in the quarter, leaving it with 79,404 shares, and cut its stake in Caesars Entertainment Corp (NASDAQ:CZR).

Investors sentiment increased to 1.14 in 2017 Q4. Its up 0.05, from 1.09 in 2017Q3. It is positive, as 25 investors sold KMT shares while 81 reduced holdings. 48 funds opened positions while 73 raised stakes. 77.55 million shares or 0.03% more from 77.53 million shares in 2017Q3 were reported. State Teachers Retirement Systems invested in 0.01% or 126,198 shares. Ny State Common Retirement Fund holds 133,623 shares. Teacher Retirement Sys Of Texas has 0.01% invested in Kennametal Inc. (NYSE:KMT) for 27,519 shares. Cap Fund Sa reported 143,300 shares. Geode Cap Management Limited Company holds 666,382 shares or 0.01% of its portfolio. Federated Invsts Pa invested in 0.06% or 442,576 shares. Balyasny Asset Management Limited reported 868,529 shares. Barclays Public Ltd Company owns 0% invested in Kennametal Inc. (NYSE:KMT) for 22,298 shares. Pnc Fincl Svcs Gp, a Pennsylvania-based fund reported 20,924 shares. Aqr Mgmt Limited Liability owns 269,881 shares for 0.01% of their portfolio. Hudson Bay Mgmt Lp reported 0.06% in Kennametal Inc. (NYSE:KMT). Point72 Asia (Hong Kong) Ltd holds 0.01% in Kennametal Inc. (NYSE:KMT) or 370 shares. Ariel Invs Ltd Limited Liability Company has 2.83% invested in Kennametal Inc. (NYSE:KMT). Moreover, King Luther Cap Mgmt has 0.05% invested in Kennametal Inc. (NYSE:KMT) for 126,915 shares. Prudential Public Limited Co accumulated 888,300 shares.

Kennametal Inc. (NYSE:KMT) Institutional Positions Chart

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