Lomas Capital Management Has Cut Progressive Ohio (PGR) Holding By $27.57 Million; Interocean Capital Lowered Akamai Technologies (AKAM) Holding By $364,021

September 26, 2017 - By Dolores Ford

Lomas Capital Management Llc decreased Progressive Corp Ohio (PGR) stake by 69.33% reported in 2017Q2 SEC filing. Lomas Capital Management Llc sold 626,665 shares as Progressive Corp Ohio (PGR)’s stock rose 6.56%. The Lomas Capital Management Llc holds 277,259 shares with $12.23 million value, down from 903,924 last quarter. Progressive Corp Ohio now has $27.80B valuation. The stock decreased 0.31% or $0.15 during the last trading session, reaching $47.85. About 2.81M shares traded. Progressive Corp (NYSE:PGR) has risen 26.23% since September 26, 2016 and is uptrending. It has outperformed by 9.53% the S&P500.

Interocean Capital Llc decreased Akamai Technologies (AKAM) stake by 42.33% reported in 2017Q2 SEC filing. Interocean Capital Llc sold 7,429 shares as Akamai Technologies (AKAM)’s stock declined 24.00%. The Interocean Capital Llc holds 10,121 shares with $504,000 value, down from 17,550 last quarter. Akamai Technologies now has $8.20B valuation. The stock declined 0.03% or $0.02 reaching $47.81 per share. About 1.86M shares traded or 18.47% up from the average. Akamai Technologies, Inc. (NASDAQ:AKAM) has declined 6.51% since September 26, 2016 and is downtrending. It has underperformed by 23.21% the S&P500.

Interocean Capital Llc increased Mondelez Intl Class A (NASDAQ:MDLZ) stake by 50,891 shares to 297,625 valued at $12.85M in 2017Q2. It also upped Occidental Petrol Co (NYSE:OXY) stake by 72,817 shares and now owns 113,270 shares. Southern Company (NYSE:SO) was raised too.

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.39, from 1.14 in 2017Q1. It is negative, as 75 investors sold AKAM shares while 175 reduced holdings. 54 funds opened positions while 133 raised stakes. 138.74 million shares or 3.56% less from 143.87 million shares in 2017Q1 were reported. Comml Bank Of Montreal Can reported 0% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Archford Strategies Ltd Liability Com holds 0% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 51 shares. 402,721 were accumulated by Tiaa Cref Mngmt Ltd Liability. Daiwa Secs Inc holds 0% or 5,150 shares. Pub Employees Retirement Of Ohio reported 237,347 shares or 0.06% of all its holdings. Veritable Limited Partnership holds 0.01% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 5,698 shares. Royal State Bank Of Canada stated it has 0.01% in Akamai Technologies, Inc. (NASDAQ:AKAM). 492,332 were reported by Pggm Investments. Carl Domino Inc invested 0.31% in Akamai Technologies, Inc. (NASDAQ:AKAM). First Republic Mgmt has invested 0.04% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Old Mutual Customised Solutions (Proprietary) Ltd holds 0.02% or 2,332 shares in its portfolio. State Of Wisconsin Inv Board reported 145,221 shares. Wells Fargo And Mn accumulated 0.01% or 910,623 shares. Dupont Mngmt has invested 0% in Akamai Technologies, Inc. (NASDAQ:AKAM). Alexandria Capital Ltd accumulated 21 shares or 0% of the stock.

Since May 8, 2017, it had 2 insider purchases, and 3 insider sales for $807,918 activity. LEIGHTON F THOMSON had bought 20,397 shares worth $999,861 on Thursday, June 15. Blumofe Robert sold $208,360 worth of stock. 17,889 Akamai Technologies, Inc. (NASDAQ:AKAM) shares with value of $886,042 were sold by SAGAN PAUL. 1,869 shares were sold by Gemmell James, worth $97,356 on Monday, May 8.

Analysts await Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on October, 24. They expect $0.42 earnings per share, down 17.65% or $0.09 from last year’s $0.51 per share. AKAM’s profit will be $72.04M for 28.46 P/E if the $0.42 EPS becomes a reality. After $0.43 actual earnings per share reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts -2.33% negative EPS growth.

Among 26 analysts covering Akamai Tech (NASDAQ:AKAM), 12 have Buy rating, 2 Sell and 12 Hold. Therefore 46% are positive. Akamai Tech had 55 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Wells Fargo on Friday, August 12 to “Outperform”. The rating was maintained by Piper Jaffray on Wednesday, September 20 with “Buy”. The rating was maintained by UBS with “Buy” on Wednesday, October 28. The company was downgraded on Wednesday, October 28 by JP Morgan. The company was maintained on Wednesday, October 28 by Morgan Stanley. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Hold” rating by Cowen & Co on Friday, July 21. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, July 29. FBR Capital maintained it with “Underperform” rating and $43 target in Thursday, April 28 report. The rating was downgraded by Canaccord Genuity to “Hold” on Wednesday, October 28. JMP Securities upgraded it to “Market Outperform” rating and $85 target in Friday, August 28 report.

Since May 22, 2017, it had 0 buys, and 3 selling transactions for $2.50 million activity. Another trade for 1,100 shares valued at $45,705 was sold by Broz Steven. $2.23 million worth of Progressive Corp (NYSE:PGR) shares were sold by CODY WILLIAM M. $223,695 worth of Progressive Corp (NYSE:PGR) was sold by Sieger Michael D.

Analysts await Progressive Corp (NYSE:PGR) to report earnings on October, 12. They expect $0.63 earnings per share, up 75.00% or $0.27 from last year’s $0.36 per share. PGR’s profit will be $366.02M for 18.99 P/E if the $0.63 EPS becomes a reality. After $0.59 actual earnings per share reported by Progressive Corp for the previous quarter, Wall Street now forecasts 6.78% EPS growth.

Among 18 analysts covering Progressive (NYSE:PGR), 7 have Buy rating, 3 Sell and 8 Hold. Therefore 39% are positive. Progressive had 43 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Hold” on Thursday, August 3. On Friday, May 5 the stock rating was maintained by Wells Fargo with “Hold”. The company was maintained on Tuesday, September 19 by UBS. The firm has “Hold” rating by Wells Fargo given on Wednesday, June 14. The rating was upgraded by Bank of America on Monday, March 20 to “Buy”. FBR Capital maintained the shares of PGR in report on Tuesday, July 18 with “Hold” rating. The firm has “Sell” rating given on Monday, September 19 by Deutsche Bank. Wells Fargo maintained Progressive Corp (NYSE:PGR) rating on Tuesday, July 18. Wells Fargo has “Hold” rating and $4500 target. Keefe Bruyette & Woods upgraded the shares of PGR in report on Friday, September 16 to “Mkt Perform” rating. The stock of Progressive Corp (NYSE:PGR) earned “Mkt Perform” rating by FBR Capital on Monday, April 3.

Investors sentiment is 1.19 in Q2 2017. Its the same as in 2017Q1. It has no change, as 32 investors sold PGR shares while 188 reduced holdings. only 76 funds opened positions while 185 raised stakes. 449.71 million shares or 0.33% less from 451.19 million shares in 2017Q1 were reported. Farmers Tru Communication invested 0.18% of its portfolio in Progressive Corp (NYSE:PGR). Advantus Cap Management Inc has 58,512 shares for 0.07% of their portfolio. At Natl Bank accumulated 0.01% or 2,143 shares. Winslow Asset Mngmt Incorporated reported 28,050 shares stake. Putnam Limited Liability accumulated 10,301 shares or 0% of the stock. Guggenheim Ltd Liability Corp reported 1.21M shares or 0.14% of all its holdings. Farmers & Merchants Inc stated it has 0% of its portfolio in Progressive Corp (NYSE:PGR). Louisiana State Employees Retirement has invested 0.08% of its portfolio in Progressive Corp (NYSE:PGR). Illinois-based First Advsr Lp has invested 0.04% in Progressive Corp (NYSE:PGR). Moreover, First Republic Invest Incorporated has 0.01% invested in Progressive Corp (NYSE:PGR) for 22,780 shares. Neuberger Berman Ltd Liability Company owns 8.65 million shares. Aperio Group Incorporated Ltd Com owns 233,108 shares. Pekin Singer Strauss Asset Mngmt Il owns 8,000 shares. Ariel Investments Ltd Limited Liability Company has 0.66% invested in Progressive Corp (NYSE:PGR). Moreover, Capstone Asset Mgmt has 0.08% invested in Progressive Corp (NYSE:PGR).

Lomas Capital Management Llc increased James Riv Group Ltd (NASDAQ:JRVR) stake by 31,637 shares to 142,590 valued at $5.67 million in 2017Q2. It also upped Spdr S&P 500 Etf Tr (Put) (SPY) stake by 125,200 shares and now owns 195,900 shares. Eldorado Resorts Inc (NASDAQ:ERI) was raised too.

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