Tukman Grossman Capital Management Cut International Business M (IBM) Holding as Shares Declined; Myriad Asset Management LTD Has Cut Its Nabors Industries LTD (NBR) Position by $795,200

November 15, 2017 - By Marie Mckinney

Tukman Grossman Capital Management Inc decreased its stake in International Business M (IBM) by 30.22% based on its latest 2017Q2 regulatory filing with the SEC. Tukman Grossman Capital Management Inc sold 32,400 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 74,828 shares of the computer manufacturing company at the end of 2017Q2, valued at $11.51 million, down from 107,228 at the end of the previous reported quarter. Tukman Grossman Capital Management Inc who had been investing in International Business M for a number of months, seems to be less bullish one the $137.84 billion market cap company. The stock declined 0.77% or $1.15 reaching $147.74 per share. About 8,244 shares traded. International Business Machines Corp. (NYSE:IBM) has risen 4.86% since November 15, 2016 and is uptrending. It has underperformed by 11.84% the S&P500.

Myriad Asset Management Ltd decreased its stake in Nabors Industries Ltd (NBR) by 83.39% based on its latest 2017Q2 regulatory filing with the SEC. Myriad Asset Management Ltd sold 99,400 shares as the company’s stock declined 31.29% while stock markets rallied. The institutional investor held 19,800 shares of the oil & gas production company at the end of 2017Q2, valued at $161,000, down from 119,200 at the end of the previous reported quarter. Myriad Asset Management Ltd who had been investing in Nabors Industries Ltd for a number of months, seems to be less bullish one the $1.63B market cap company. The stock declined 0.53% or $0.03 reaching $5.68 per share. About 2,120 shares traded. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since November 15, 2016 and is uptrending. It has outperformed by 15.96% the S&P500.

Since May 30, 2017, it had 1 insider purchase, and 0 selling transactions for $181,522 activity.

More recent Nabors Industries Ltd. (NYSE:NBR) news were published by: Seekingalpha.com which released: “Nabors Industries’ (NBR) CEO Tony Petrello on Q3 2017 Results – Earnings Call …” on October 25, 2017. Also Streetinsider.com published the news titled: “Nabors Industries (NBR), TESCO (TESO) Announce Transaction Status Update” on November 06, 2017. Seekingalpha.com‘s news article titled: “A Potential ‘Make-Or-Break’ In The Oil Industry That Leaves Nabors Industries …” with publication date: October 23, 2017 was also an interesting one.

Among 32 analysts covering Nabors Industries Ltd. (NYSE:NBR), 26 have Buy rating, 0 Sell and 6 Hold. Therefore 81% are positive. Nabors Industries Ltd. had 103 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Market Perform” rating by Wells Fargo on Friday, July 7. The firm has “Overweight” rating given on Tuesday, April 19 by Morgan Stanley. DA Davidson initiated Nabors Industries Ltd. (NYSE:NBR) on Thursday, September 15 with “Buy” rating. The firm earned “Hold” rating on Wednesday, September 6 by Jefferies. The stock has “Buy” rating by Citigroup on Wednesday, September 13. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Outperform” rating given on Friday, December 2 by Bernstein. Howard Weil downgraded Nabors Industries Ltd. (NYSE:NBR) on Thursday, October 8 to “Sector Perform” rating. The stock has “Market Perform” rating by BMO Capital Markets on Monday, August 10. On Wednesday, June 1 the stock rating was downgraded by Credit Suisse to “Neutral”. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, October 26.

Myriad Asset Management Ltd, which manages about $1.43B US Long portfolio, upped its stake in New Oriental Ed & Tech Grp I (NYSE:EDU) by 396,100 shares to 575,100 shares, valued at $40.54M in 2017Q2, according to the filing. It also increased its holding in Medicines Co (Prn) by 2.50 million shares in the quarter, for a total of 15.00M shares, and has risen its stake in Ishares Tr (MCHI).

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on February, 28. They expect $-0.32 earnings per share, down 6.67% or $0.02 from last year’s $-0.3 per share. After $-0.42 actual earnings per share reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -23.81% EPS growth.

Investors sentiment decreased to 1.09 in 2017 Q2. Its down 0.13, from 1.22 in 2017Q1. It dropped, as 50 investors sold NBR shares while 92 reduced holdings. 48 funds opened positions while 107 raised stakes. 269.17 million shares or 6.35% less from 287.43 million shares in 2017Q1 were reported. Millennium Management Ltd Llc has 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 102,417 shares. Architects stated it has 0% in Nabors Industries Ltd. (NYSE:NBR). Invesco Limited accumulated 10.41M shares. Hanson Mcclain holds 1,350 shares. Bnp Paribas Asset Mngmt Holdg holds 448,288 shares. Wright Invsts Ser accumulated 12,560 shares. Woodstock accumulated 24,929 shares or 0.04% of the stock. Cibc Ww Markets Inc reported 81,300 shares or 0% of all its holdings. Oregon Pub Employees Retirement Fund owns 104,612 shares for 0.01% of their portfolio. Gemmer Asset Mngmt Llc stated it has 1,147 shares. Evercore Wealth Ltd Liability Co holds 1,467 shares or 0% of its portfolio. Envestnet Asset Mngmt Inc has 7 shares. Integral Derivatives Llc owns 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 27,687 shares. Montag A And invested in 0.01% or 12,450 shares. The Massachusetts-based State Street has invested 0.01% in Nabors Industries Ltd. (NYSE:NBR).

More notable recent International Business Machines Corp. (NYSE:IBM) news were published by: Bloomberg.com which released: “Buffett Adds More Apple, Reduces IBM Stake by Another Third” on November 14, 2017, also Nasdaq.com with their article: “International Business Machines Corporation (IBM) Ex-Dividend Date Scheduled …” published on November 08, 2017, Investorplace.com published: “As International Business Machines Corp. Adapts, IBM Stock Should Follow” on October 30, 2017. More interesting news about International Business Machines Corp. (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM Down As Warren Buffett Sells” published on November 15, 2017 as well as Investorplace.com‘s news article titled: “International Business Machines Corp. (IBM) Still Flawed” with publication date: November 01, 2017.

Among 30 analysts covering International Business Machines (NYSE:IBM), 9 have Buy rating, 5 Sell and 16 Hold. Therefore 30% are positive. International Business Machines had 108 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, July 19 the stock rating was maintained by Citigroup with “Neutral”. On Friday, October 9 the stock rating was initiated by Drexel Hamilton with “Buy”. As per Wednesday, January 4, the company rating was initiated by Guggenheim. The rating was maintained by Wells Fargo on Wednesday, April 26 with “Market Perform”. Citigroup maintained the stock with “Neutral” rating in Tuesday, October 18 report. The firm earned “Buy” rating on Thursday, January 12 by Stifel Nicolaus. As per Wednesday, October 18, the company rating was maintained by Citigroup. Bernstein maintained International Business Machines Corp. (NYSE:IBM) rating on Wednesday, April 12. Bernstein has “Market Perform” rating and $150 target. The firm has “Underweight” rating by Barclays Capital given on Tuesday, July 19. The rating was maintained by Drexel Hamilton with “Buy” on Tuesday, April 19.

Analysts await International Business Machines Corp. (NYSE:IBM) to report earnings on January, 18. They expect $5.17 EPS, up 3.19% or $0.16 from last year’s $5.01 per share. IBM’s profit will be $4.82B for 7.14 P/E if the $5.17 EPS becomes a reality. After $3.30 actual EPS reported by International Business Machines Corp. for the previous quarter, Wall Street now forecasts 56.67% EPS growth.

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