Keysight Technologies (KEYS) Holder Omers Administration Has Trimmed Holding as Market Valuation Declined; Trafelet Brokaw Capital Management LP Has Decreased Its Position in Gtt Communications (GTT) as Share Price Declined

December 16, 2017 - By Darrin Black

Omers Administration Corp decreased its stake in Keysight Technologies Inc (KEYS) by 44.59% based on its latest 2017Q2 regulatory filing with the SEC. Omers Administration Corp sold 10,300 shares as the company’s stock declined 1.13% while stock markets rallied. The institutional investor held 12,800 shares of the industrial machinery and components company at the end of 2017Q2, valued at $498,000, down from 23,100 at the end of the previous reported quarter. Omers Administration Corp who had been investing in Keysight Technologies Inc for a number of months, seems to be less bullish one the $7.94 billion market cap company. The stock increased 1.07% or $0.45 during the last trading session, reaching $42.68. About 1.65M shares traded or 133.94% up from the average. Keysight Technologies, Inc. (NYSE:KEYS) has risen 44.25% since December 16, 2016 and is uptrending. It has outperformed by 27.55% the S&P500.

Remy Trafelet decreased its stake in Gtt Communications Inc (GTT) by 8.19% based on its latest 2017Q2 regulatory filing with the SEC. Trafelet Brokaw Capital Management Lp sold 76,064 shares as the company’s stock declined 0.17% while stock markets rallied. The hedge fund run by Remy Trafelet held 852,486 shares of the public utilities company at the end of 2017Q2, valued at $26.98 million, down from 928,550 at the end of the previous reported quarter. Trafelet Brokaw Capital Management Lp who had been investing in Gtt Communications Inc for a number of months, seems to be less bullish one the $1.87 billion market cap company. The stock increased 2.38% or $1 during the last trading session, reaching $42.95. About 410,518 shares traded or 18.60% up from the average. GTT Communications, Inc. (NYSE:GTT) has risen 78.59% since December 16, 2016 and is uptrending. It has outperformed by 61.89% the S&P500.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on March, 14. They expect $-0.10 EPS, down 400.00% or $0.08 from last year’s $-0.02 per share. After $0.04 actual EPS reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts -350.00% negative EPS growth.

Among 8 analysts covering GTT Communications (NYSE:GTT), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GTT Communications had 17 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Oppenheimer on Thursday, August 10. As per Tuesday, June 27, the company rating was maintained by Oppenheimer. On Wednesday, December 6 the stock rating was maintained by SunTrust with “Buy”. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Jefferies on Monday, June 26. The company was maintained on Thursday, August 3 by Oppenheimer. The rating was upgraded by Drexel Hamilton to “Buy” on Wednesday, November 4. As per Thursday, February 18, the company rating was initiated by Suntrust Robinson. The company was maintained on Tuesday, October 3 by KeyBanc Capital Markets. As per Thursday, August 3, the company rating was maintained by Jefferies. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, December 13.

Trafelet Brokaw Capital Management Lp, which manages about $505.41M and $124.60M US Long portfolio, upped its stake in Commscope Hldg Co Inc (NASDAQ:COMM) by 49,000 shares to 237,100 shares, valued at $9.02M in 2017Q2, according to the filing.

Investors sentiment decreased to 1.2 in Q2 2017. Its down 0.33, from 1.53 in 2017Q1. It dived, as 42 investors sold KEYS shares while 85 reduced holdings. 49 funds opened positions while 104 raised stakes. 157.93 million shares or 2.50% more from 154.09 million shares in 2017Q1 were reported. Webster Retail Bank N A holds 762 shares or 0% of its portfolio. First Mercantile Tru Co accumulated 0.07% or 10,041 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 7,405 shares. Employees Retirement System Of Texas owns 0.14% invested in Keysight Technologies, Inc. (NYSE:KEYS) for 267,000 shares. Nuveen Asset Mngmt Ltd Company holds 8,311 shares or 0% of its portfolio. Jpmorgan Chase Communications holds 7.40 million shares. Garde Cap owns 0.07% invested in Keysight Technologies, Inc. (NYSE:KEYS) for 6,933 shares. 11,542 are owned by Nj State Employees Deferred Compensation Plan. Hanson Mcclain has invested 0% in Keysight Technologies, Inc. (NYSE:KEYS). Rockefeller Fin Ser reported 0% stake. 26,169 are held by Sterling Ltd Liability Corp. Cwm Lc accumulated 76 shares. Lpl Ltd Liability Company owns 6,494 shares for 0% of their portfolio. Aviva Public Limited Co reported 112,443 shares stake. Salem Inv Counselors holds 1,807 shares or 0.01% of its portfolio.

Omers Administration Corp, which manages about $7.92B US Long portfolio, upped its stake in Avalonbay Cmntys Inc (NYSE:AVB) by 11,534 shares to 479,779 shares, valued at $92.20M in 2017Q2, according to the filing. It also increased its holding in Bed Bath & Beyond Inc (NASDAQ:BBBY) by 34,900 shares in the quarter, for a total of 62,600 shares, and has risen its stake in Kla (NASDAQ:KLAC).

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