Nantahala Capital Management Decreased Dolby Laboratories (DLB) Stake by $7.30 Million as Market Value Rose; As Blackrock (BLK) Share Value Rose, Trust Department Mb Financial Bank N A Has Decreased Its Holding by $472,479

January 14, 2018 - By olga

Wilmot B. Harkey decreased its stake in Dolby Laboratories Inc (DLB) by 14.19% based on its latest 2017Q3 regulatory filing with the SEC. Nantahala Capital Management Llc sold 128,110 shares as the company’s stock rose 2.31% with the market. The hedge fund run by Wilmot B. Harkey held 774,397 shares of the multi-sector company at the end of 2017Q3, valued at $44.54 million, down from 902,507 at the end of the previous reported quarter. Nantahala Capital Management Llc who had been investing in Dolby Laboratories Inc for a number of months, seems to be less bullish one the $6.71 billion market cap company. The stock increased 1.65% or $1.06 during the last trading session, reaching $65.35. About 431,019 shares traded or 33.68% up from the average. Dolby Laboratories, Inc. (NYSE:DLB) has risen 14.35% since January 14, 2017 and is uptrending. It has underperformed by 2.35% the S&P500.

Trust Department Mb Financial Bank N A decreased its stake in Blackrock Inc. (BLK) by 3.55% based on its latest 2017Q3 regulatory filing with the SEC. Trust Department Mb Financial Bank N A sold 1,057 shares as the company’s stock rose 1.17% with the market. The institutional investor held 28,737 shares of the finance company at the end of 2017Q3, valued at $12.85M, down from 29,794 at the end of the previous reported quarter. Trust Department Mb Financial Bank N A who had been investing in Blackrock Inc. for a number of months, seems to be less bullish one the $89.66 billion market cap company. The stock increased 3.27% or $17.61 during the last trading session, reaching $555.53. About 941,849 shares traded or 109.58% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since January 14, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Analysts await Dolby Laboratories, Inc. (NYSE:DLB) to report earnings on January, 24. They expect $0.45 earnings per share, down 11.76% or $0.06 from last year’s $0.51 per share. DLB’s profit will be $46.23 million for 36.31 P/E if the $0.45 EPS becomes a reality. After $0.35 actual earnings per share reported by Dolby Laboratories, Inc. for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

Since August 1, 2017, it had 0 insider buys, and 20 sales for $63.55 million activity. SHERMAN MARK ANDREW sold 14,000 shares worth $787,500. YEAMAN KEVIN J had sold 17,590 shares worth $1.10 million on Friday, December 15. GOTCHER PETER C had sold 9,310 shares worth $558,600. Another trade for 8,000 shares valued at $480,000 was made by JASPER N WILLIAM JR on Wednesday, October 18.

Nantahala Capital Management Llc, which manages about $614.40M and $2.04 billion US Long portfolio, upped its stake in Natures Sunshine Products In (NASDAQ:NATR) by 197,175 shares to 510,989 shares, valued at $5.19 million in 2017Q3, according to the filing. It also increased its holding in Meta Finl Group Inc (NASDAQ:CASH) by 10,005 shares in the quarter, for a total of 447,952 shares, and has risen its stake in Scientific Games Corp (Call) (NASDAQ:SGMS).

Among 5 analysts covering Dolby Laboratories (NYSE:DLB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Dolby Laboratories has $65.5 highest and $38 lowest target. $54.70’s average target is -16.30% below currents $65.35 stock price. Dolby Laboratories had 12 analyst reports since October 22, 2015 according to SRatingsIntel. The company was downgraded on Friday, April 8 by JP Morgan. The stock of Dolby Laboratories, Inc. (NYSE:DLB) earned “Buy” rating by Dougherty & Company on Thursday, January 28. The stock has “Buy” rating by Dougherty & Company on Thursday, April 28. The firm earned “Hold” rating on Friday, July 14 by Piper Jaffray. On Thursday, October 26 the stock rating was maintained by B. Riley & Co with “Buy”. The company was upgraded on Monday, July 17 by B. Riley & Co. The stock of Dolby Laboratories, Inc. (NYSE:DLB) earned “Buy” rating by B. Riley & Co on Wednesday, July 26. Piper Jaffray maintained the shares of DLB in report on Wednesday, July 26 with “Hold” rating. B. Riley & Co maintained the shares of DLB in report on Thursday, October 22 with “Neutral” rating. The firm earned “Buy” rating on Wednesday, September 13 by Dougherty.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.43, from 1.47 in 2017Q2. It turned negative, as 28 investors sold DLB shares while 71 reduced holdings. 33 funds opened positions while 70 raised stakes. 52.63 million shares or 2.95% more from 51.12 million shares in 2017Q2 were reported. Fdx Advisors Inc owns 5,028 shares. Marathon Asset Mgmt Ltd Liability Partnership reported 0.53% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). Bnp Paribas Arbitrage Sa accumulated 916 shares. Germany-based Deutsche Bankshares Ag has invested 0.02% in Dolby Laboratories, Inc. (NYSE:DLB). California State Teachers Retirement Systems invested in 91,562 shares or 0.01% of the stock. Raymond James & Assocs holds 0.03% in Dolby Laboratories, Inc. (NYSE:DLB) or 292,493 shares. Raymond James Fincl Service Advisors stated it has 0% in Dolby Laboratories, Inc. (NYSE:DLB). Delta Asset Ltd Liability Corporation Tn holds 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB) for 15 shares. Cardinal Capital Management reported 0.48% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). Wellington Mngmt Llp holds 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB) for 19,522 shares. Ahl Ltd Liability Partnership invested in 78,318 shares or 0.08% of the stock. Us Bank De has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 2,888 shares. Millennium Management Ltd Liability Corporation has 729,472 shares. Parametrica Management holds 11,764 shares. Lapides Asset Mngmt Ltd Llc accumulated 1.12% or 95,300 shares.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.10, from 1.28 in 2017Q2. It improved, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. Morgan Stanley reported 1.61M shares stake. One Natl Association holds 0.18% or 5,773 shares in its portfolio. First National Bank Of Omaha reported 0.9% in BlackRock, Inc. (NYSE:BLK). First Citizens National Bank And Trust Com holds 1,367 shares. Blue Edge Capital Ltd invested in 2,789 shares. Somerset, Pennsylvania-based fund reported 3,359 shares. Rampart Management Ltd Limited Liability Company has 0.23% invested in BlackRock, Inc. (NYSE:BLK) for 1,497 shares. 7,813 were accumulated by Marvin & Palmer Inc. Groesbeck Inv Management Nj invested 0.67% of its portfolio in BlackRock, Inc. (NYSE:BLK). Torch Wealth Management Lc holds 0.39% or 1,330 shares. Point72 Asset Mgmt Ltd Partnership has invested 0.22% in BlackRock, Inc. (NYSE:BLK). Sheets Smith Wealth Management invested in 6,535 shares. Advantus Capital holds 12,639 shares or 0.15% of its portfolio. Next Financial Gru Inc stated it has 315 shares. City Trust Fl holds 9,038 shares.

Among 17 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. BlackRock had 77 analyst reports since August 26, 2015 according to SRatingsIntel. Jefferies maintained the shares of BLK in report on Monday, September 25 with “Hold” rating. The stock of BlackRock, Inc. (NYSE:BLK) has “Outperform” rating given on Thursday, October 15 by RBC Capital Markets. The firm earned “Overweight” rating on Tuesday, October 10 by Barclays Capital. Barclays Capital initiated the shares of BLK in report on Friday, September 8 with “Overweight” rating. Wood maintained the stock with “Market Perform” rating in Friday, October 14 report. The rating was upgraded by Jefferies to “Hold” on Thursday, April 13. Argus Research maintained it with “Buy” rating and $360.0 target in Friday, January 15 report. As per Thursday, October 5, the company rating was maintained by Morgan Stanley. Barclays Capital maintained it with “Equal-Weight” rating and $364 target in Tuesday, August 9 report. The firm has “Outperform” rating given on Tuesday, July 18 by Credit Suisse.

Trust Department Mb Financial Bank N A, which manages about $933.01 million US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 74,009 shares to 80,594 shares, valued at $8.98M in 2017Q3, according to the filing. It also increased its holding in British American Tobacco Spn Adr (NYSEMKT:BTI) by 7,573 shares in the quarter, for a total of 14,573 shares, and has risen its stake in Sector Spdr Trust Sbi (XLB).

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