Bank Of The West Lifted Synchrony Finl (SYF) Stake; Bruker (BRKR) Holder Palisade Capital Management Lifted Its Holding by $338,660 as Stock Rose

December 15, 2017 - By Michael Collier

Palisade Capital Management Llc increased its stake in Bruker Corp (BRKR) by 2.46% based on its latest 2017Q2 regulatory filing with the SEC. Palisade Capital Management Llc bought 12,095 shares as the company’s stock rose 6.24% with the market. The hedge fund held 503,634 shares of the laboratory analytical instruments company at the end of 2017Q2, valued at $14.53 million, up from 491,539 at the end of the previous reported quarter. Palisade Capital Management Llc who had been investing in Bruker Corp for a number of months, seems to be bullish on the $5.42 billion market cap company. The stock increased 2.27% or $0.77 during the last trading session, reaching $34.67. About 157,083 shares traded. Bruker Corporation (NASDAQ:BRKR) has risen 0.54% since December 15, 2016 and is uptrending. It has underperformed by 16.16% the S&P500.

Bank Of The West increased its stake in Synchrony Finl (SYF) by 127.94% based on its latest 2017Q2 regulatory filing with the SEC. Bank Of The West bought 84,495 shares as the company’s stock declined 26.83% while stock markets rallied. The institutional investor held 150,538 shares of the consumer services company at the end of 2017Q2, valued at $4.49 million, up from 66,043 at the end of the previous reported quarter. Bank Of The West who had been investing in Synchrony Finl for a number of months, seems to be bullish on the $29.32B market cap company. The stock increased 1.30% or $0.48 during the last trading session, reaching $37.47. About 4.11M shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since December 15, 2016 and is downtrending. It has underperformed by 27.05% the S&P500.

Palisade Capital Management Llc, which manages about $5.40B and $2.67B US Long portfolio, decreased its stake in West Corp (NASDAQ:WSTC) by 694,473 shares to 306,700 shares, valued at $7.15M in 2017Q2, according to the filing. It also reduced its holding in Albany Molecular Resh Inc (Prn) by 3.47M shares in the quarter, leaving it with 2.20 million shares, and cut its stake in Littelfuse Inc (NASDAQ:LFUS).

Among 16 analysts covering Bruker (NASDAQ:BRKR), 3 have Buy rating, 2 Sell and 11 Hold. Therefore 19% are positive. Bruker had 41 analyst reports since August 20, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, January 25 by Cantor Fitzgerald. The stock of Bruker Corporation (NASDAQ:BRKR) has “Underperform” rating given on Tuesday, April 5 by Bank of America. The stock of Bruker Corporation (NASDAQ:BRKR) earned “Buy” rating by BTIG Research on Thursday, September 17. Cantor Fitzgerald initiated the shares of BRKR in report on Thursday, August 27 with “Hold” rating. The firm has “Hold” rating by Cantor Fitzgerald given on Thursday, November 5. On Tuesday, April 5 the stock rating was downgraded by Leerink Swann to “Market Perform”. Jefferies maintained it with “Buy” rating and $35.0 target in Friday, October 20 report. On Thursday, November 10 the stock rating was reinitiated by Leerink Swann with “Market Perform”. The firm has “Buy” rating by Jefferies given on Friday, June 9. JP Morgan downgraded the shares of BRKR in report on Friday, November 3 to “Neutral” rating.

Investors sentiment increased to 1.14 in Q2 2017. Its up 0.29, from 0.85 in 2017Q1. It improved, as 22 investors sold BRKR shares while 58 reduced holdings. 31 funds opened positions while 60 raised stakes. 100.40 million shares or 2.18% less from 102.64 million shares in 2017Q1 were reported. National Bank & Trust Of America Corporation De has 1.06 million shares. Susquehanna Gru Limited Liability Partnership reported 47,793 shares or 0% of all its holdings. State Street holds 0% or 1.41M shares. Principal Financial reported 22,087 shares or 0% of all its holdings. Employees Retirement Association Of Colorado reported 0.01% stake. Us State Bank De, Minnesota-based fund reported 6,929 shares. Spark Investment Mngmt holds 0.41% or 229,200 shares in its portfolio. Connecticut-based Zebra Cap Management Ltd Llc has invested 0.62% in Bruker Corporation (NASDAQ:BRKR). Raymond James And Associate holds 92,504 shares or 0.01% of its portfolio. Northern Trust Corporation reported 618,877 shares or 0% of all its holdings. Eagle Asset Mgmt holds 585,996 shares or 0.1% of its portfolio. Price T Rowe Associate Md holds 0.15% of its portfolio in Bruker Corporation (NASDAQ:BRKR) for 28.78M shares. Pnc Fin Svcs holds 0% of its portfolio in Bruker Corporation (NASDAQ:BRKR) for 2,092 shares. Ig Investment Ltd holds 0.01% of its portfolio in Bruker Corporation (NASDAQ:BRKR) for 43,100 shares. Parametric Portfolio Associates Lc stated it has 0.01% of its portfolio in Bruker Corporation (NASDAQ:BRKR).

Since September 13, 2017, it had 0 buys, and 1 insider sale for $631,196 activity.

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