Burgundy Asset Management LTD Has Decreased Holding in Ritchie Bros. Auctioneers (RBA) by $6.93 Million; As Yandex Nv (YNDX) Valuation Rose, Driehaus Capital Management Has Lowered Holding by $848,096

January 14, 2018 - By Hazel Jackson

Richard Driehaus decreased its stake in Yandex Nv (YNDX) by 4.59% based on its latest 2017Q3 regulatory filing with the SEC. Driehaus Capital Management Llc sold 26,503 shares as the company’s stock rose 15.61% with the market. The hedge fund run by Richard Driehaus held 551,043 shares of the programming company at the end of 2017Q3, valued at $18.16M, down from 577,546 at the end of the previous reported quarter. Driehaus Capital Management Llc who had been investing in Yandex Nv for a number of months, seems to be less bullish one the $11.27B market cap company. The stock increased 0.06% or $0.02 during the last trading session, reaching $34.6. About 1.15 million shares traded. Yandex N.V. (NASDAQ:YNDX) has risen 50.13% since January 14, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.

Burgundy Asset Management Ltd decreased its stake in Ritchie Bros. Auctioneers Inc. (RBA) by 4.72% based on its latest 2017Q3 regulatory filing with the SEC. Burgundy Asset Management Ltd sold 223,608 shares as the company’s stock rose 0.87% with the market. The institutional investor held 4.52 million shares of the business services company at the end of 2017Q3, valued at $142.78 million, down from 4.74M at the end of the previous reported quarter. Burgundy Asset Management Ltd who had been investing in Ritchie Bros. Auctioneers Inc. for a number of months, seems to be less bullish one the $3.44 billion market cap company. The stock increased 0.82% or $0.26 during the last trading session, reaching $32.1. About 363,112 shares traded. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has declined 2.22% since January 14, 2017 and is downtrending. It has underperformed by 18.92% the S&P500.

Analysts await Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) to report earnings on February, 20. They expect $0.19 EPS, down 36.67% or $0.11 from last year’s $0.3 per share. RBA’s profit will be $20.37 million for 42.24 P/E if the $0.19 EPS becomes a reality. After $0.09 actual EPS reported by Ritchie Bros. Auctioneers Incorporated for the previous quarter, Wall Street now forecasts 111.11% EPS growth.

Among 14 analysts covering Ritchie Bros. Auctioneers Incorporated (NYSE:RBA), 5 have Buy rating, 3 Sell and 6 Hold. Therefore 36% are positive. Ritchie Bros. Auctioneers Incorporated had 35 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James to “Mkt Perform” on Tuesday, December 27. The stock has “Hold” rating by Oppenheimer on Tuesday, August 8. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, April 10. The stock has “Buy” rating by RBC Capital Markets on Monday, June 19. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Friday, May 27 report. The stock of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has “Buy” rating given on Tuesday, August 8 by RBC Capital Markets. TD Securities maintained the stock with “Sell” rating in Wednesday, April 12 report. The firm has “Underperform” rating given on Friday, January 13 by Bank of America. On Thursday, July 13 the stock rating was maintained by Jefferies with “Hold”. The company was maintained on Tuesday, January 9 by Scotia Capital.

Burgundy Asset Management Ltd, which manages about $19.85B and $10.56B US Long portfolio, upped its stake in Amerisourcebergen Corp. (NYSE:ABC) by 49,825 shares to 2.70 million shares, valued at $223.34M in 2017Q3, according to the filing. It also increased its holding in Generac Holdings Inc. (NYSE:GNRC) by 59,708 shares in the quarter, for a total of 1.73 million shares, and has risen its stake in Primerica Inc. (NYSE:PRI).

Analysts await Yandex N.V. (NASDAQ:YNDX) to report earnings on February, 15. They expect $0.16 earnings per share, up 33.33% or $0.04 from last year’s $0.12 per share. YNDX’s profit will be $52.12M for 54.06 P/E if the $0.16 EPS becomes a reality. After $0.13 actual earnings per share reported by Yandex N.V. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Driehaus Capital Management Llc, which manages about $12.71B and $2.57 billion US Long portfolio, upped its stake in Agnc Investment Corp by 304,630 shares to 379,510 shares, valued at $8.23M in 2017Q3, according to the filing. It also increased its holding in Ichor Holdings Ltd by 52,289 shares in the quarter, for a total of 718,709 shares, and has risen its stake in Monolithic Power Systems Inc (NASDAQ:MPWR).

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