As Fedex (FDX) Shares Declined, Shareholder Selway Asset Management Has Lowered Its Holding; Sei Investments Co (SEIC) Valuation Declined While Goodnow Investment Group Cut Its Stake by $424,560

January 14, 2018 - By Hazel Jackson

Edward Goodnow decreased its stake in Sei Investments Co (SEIC) by 2.12% based on its latest 2017Q3 regulatory filing with the SEC. Goodnow Investment Group Llc sold 6,960 shares as the company’s stock declined 0.81% while stock markets rallied. The hedge fund run by Edward Goodnow held 321,405 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $19.63M, down from 328,365 at the end of the previous reported quarter. Goodnow Investment Group Llc who had been investing in Sei Investments Co for a number of months, seems to be less bullish one the $12.07B market cap company. The stock increased 1.42% or $1.07 during the last trading session, reaching $76.65. About 385,610 shares traded. SEI Investments Co. (NASDAQ:SEIC) has risen 1.87% since January 14, 2017 and is uptrending. It has underperformed by 14.83% the S&P500.

Selway Asset Management decreased its stake in Fedex (FDX) by 28.17% based on its latest 2017Q3 regulatory filing with the SEC. Selway Asset Management sold 11,100 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 28,300 shares of the air freight and delivery services company at the end of 2017Q3, valued at $6.38M, down from 39,400 at the end of the previous reported quarter. Selway Asset Management who had been investing in Fedex for a number of months, seems to be less bullish one the $72.83B market cap company. The stock increased 0.24% or $0.66 during the last trading session, reaching $271.85. About 1.34M shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since January 14, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Goodnow Investment Group Llc, which manages about $697.23M and $485.18 million US Long portfolio, upped its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 308,450 shares to 1.20M shares, valued at $38.38M in 2017Q3, according to the filing. It also increased its holding in Strayer Ed Inc (NASDAQ:STRA) by 8,210 shares in the quarter, for a total of 396,321 shares, and has risen its stake in Carvana Co.

Analysts await SEI Investments Co. (NASDAQ:SEIC) to report earnings on January, 24. They expect $0.61 EPS, up 10.91% or $0.06 from last year’s $0.55 per share. SEIC’s profit will be $96.06 million for 31.41 P/E if the $0.61 EPS becomes a reality. After $0.63 actual EPS reported by SEI Investments Co. for the previous quarter, Wall Street now forecasts -3.17% negative EPS growth.

Since August 1, 2017, it had 0 buys, and 13 sales for $18.78 million activity. $574,900 worth of stock was sold by DORAN WILLIAM on Wednesday, August 30. The insider MCGONIGLE DENNIS sold 15,000 shares worth $845,250. Ujobai Joseph P had sold 20,000 shares worth $1.18M. 10,000 SEI Investments Co. (NASDAQ:SEIC) shares with value of $586,900 were sold by MCCARTHY KATHRYN. The insider Meyer Stephen sold $1.23M. Another trade for 12,500 shares valued at $703,750 was sold by KLAUDER PAUL.

Among 6 analysts covering SEI Investments (NASDAQ:SEIC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. SEI Investments had 21 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of SEI Investments Co. (NASDAQ:SEIC) has “Outperform” rating given on Thursday, August 27 by Credit Agricole. The firm has “Underperform” rating given on Thursday, January 28 by Keefe Bruyette & Woods. The stock has “Hold” rating by Zacks on Tuesday, September 1. The company was maintained on Friday, November 10 by Keefe Bruyette & Woods. CLSA upgraded the shares of SEIC in report on Thursday, August 27 to “Outperform” rating. Mizuho maintained the shares of SEIC in report on Thursday, January 4 with “Buy” rating. Mizuho maintained it with “Buy” rating and $65.0 target in Friday, October 20 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, June 23. The stock of SEI Investments Co. (NASDAQ:SEIC) earned “Market Perform” rating by Wood on Thursday, September 3. Wood upgraded the shares of SEIC in report on Wednesday, April 6 to “Market Perform” rating.

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.01, from 1.23 in 2017Q2. It is positive, as 25 investors sold SEIC shares while 94 reduced holdings. 39 funds opened positions while 108 raised stakes. 109.90 million shares or 2.20% more from 107.53 million shares in 2017Q2 were reported. Global X Mngmt Company Ltd Company invested 0% of its portfolio in SEI Investments Co. (NASDAQ:SEIC). 2,456 were reported by Meeder Asset Mngmt. Goodnow Group Ltd holds 4.04% of its portfolio in SEI Investments Co. (NASDAQ:SEIC) for 321,405 shares. Moreover, Credit Agricole S A has 0.01% invested in SEI Investments Co. (NASDAQ:SEIC). City holds 0% of its portfolio in SEI Investments Co. (NASDAQ:SEIC) for 234 shares. Jlb And Associate invested 3.19% in SEI Investments Co. (NASDAQ:SEIC). Loomis Sayles And Co LP accumulated 2.08% or 15.62 million shares. Bancshares Of America De owns 5.58 million shares for 0.05% of their portfolio. Parnassus Invests Ca invested in 1.15 million shares or 0.29% of the stock. Blair William Il, a Illinois-based fund reported 6,067 shares. Confluence Investment Ltd Com holds 0.32% of its portfolio in SEI Investments Co. (NASDAQ:SEIC) for 276,873 shares. Leavell Mgmt Incorporated owns 10,500 shares. Financial Bank Of Montreal Can has invested 0% in SEI Investments Co. (NASDAQ:SEIC). 1.87 million are held by Ameriprise. Davenport And Company Limited Company reported 0.02% in SEI Investments Co. (NASDAQ:SEIC).

Since September 21, 2017, it had 0 insider purchases, and 6 selling transactions for $22.31 million activity. Maier Henry J had sold 11,150 shares worth $2.55 million. Subramaniam Rajesh had sold 6,750 shares worth $1.48M on Thursday, September 21. Shares for $3.38 million were sold by DUCKER MICHAEL L on Friday, September 29. STEINER DAVID P sold $802,405 worth of stock or 3,016 shares. $11.89 million worth of FedEx Corporation (NYSE:FDX) shares were sold by BRONCZEK DAVID J.

Investors sentiment increased to 1.07 in 2017 Q3. Its up 0.06, from 1.01 in 2017Q2. It improved, as 49 investors sold FDX shares while 378 reduced holdings. 122 funds opened positions while 336 raised stakes. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported. Focused Wealth Mgmt accumulated 40 shares. 213,937 are held by Aviva Pcl. 7,894 are owned by Summit Asset Mgmt Ltd Llc. Minneapolis Portfolio Management Group Inc Limited Liability invested in 146,611 shares. Citadel Advisors Lc stated it has 0% of its portfolio in FedEx Corporation (NYSE:FDX). Franklin Street Advsr Nc reported 1,775 shares stake. Sei owns 539,078 shares for 0.43% of their portfolio. Horrell Capital Incorporated reported 28,088 shares. Balasa Dinverno & Foltz Limited Com has 0.06% invested in FedEx Corporation (NYSE:FDX) for 1,694 shares. Pettee Invsts Inc invested in 2,575 shares or 0.38% of the stock. Trustmark Financial Bank Trust Department owns 916 shares. Dubuque Natl Bank And Trust has 1.46% invested in FedEx Corporation (NYSE:FDX). Goldman Sachs Group Inc Inc has invested 0.11% in FedEx Corporation (NYSE:FDX). Banced accumulated 2,374 shares. Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma reported 0.03% of its portfolio in FedEx Corporation (NYSE:FDX).

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx had 105 analyst reports since August 14, 2015 according to SRatingsIntel. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) on Tuesday, September 5 with “Buy” rating. UBS upgraded FedEx Corporation (NYSE:FDX) on Friday, January 5 to “Buy” rating. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Thursday, May 19 by Citigroup. The stock has “Buy” rating by Stifel Nicolaus on Thursday, June 2. On Wednesday, December 20 the stock rating was maintained by Robert W. Baird with “Buy”. On Monday, February 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Stifel Nicolaus on Wednesday, September 20 with “Hold”. The firm has “Outperform” rating given on Monday, February 6 by Raymond James. The stock has “Buy” rating by Cowen & Co on Tuesday, August 8. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, January 20 by Standpoint Research.

Selway Asset Management, which manages about $271.44M and $172.74 million US Long portfolio, upped its stake in Home Depot (NYSE:HD) by 13,675 shares to 18,300 shares, valued at $2.99 million in 2017Q3, according to the filing.

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