Pacific Ridge Capital Partners Holding in Zagg (ZAGG) Lowered by $2.93 Million as Share Value Rose; Facebook (FB) Shareholder Evanson Asset Management Upped Its Holding

January 14, 2018 - By Dolores Ford

Pacific Ridge Capital Partners Llc decreased its stake in Zagg Inc (ZAGG) by 32.55% based on its latest 2017Q3 regulatory filing with the SEC. Pacific Ridge Capital Partners Llc sold 195,260 shares as the company’s stock rose 27.13% with the market. The institutional investor held 404,561 shares of the other specialty stores company at the end of 2017Q3, valued at $6.37M, down from 599,821 at the end of the previous reported quarter. Pacific Ridge Capital Partners Llc who had been investing in Zagg Inc for a number of months, seems to be less bullish one the $518.94M market cap company. The stock decreased 0.27% or $0.05 during the last trading session, reaching $18.55. About 512,784 shares traded. ZAGG Inc (NASDAQ:ZAGG) has risen 54.72% since January 14, 2017 and is uptrending. It has outperformed by 38.02% the S&P500.

Evanson Asset Management Llc increased its stake in Facebook Inc (FB) by 10.95% based on its latest 2017Q3 regulatory filing with the SEC. Evanson Asset Management Llc bought 46,669 shares as the company’s stock rose 10.88% with the market. The institutional investor held 472,722 shares of the technology company at the end of 2017Q3, valued at $80.77 million, up from 426,053 at the end of the previous reported quarter. Evanson Asset Management Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $521.22 billion market cap company. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55M shares traded or 356.22% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 14, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Pacific Ridge Capital Partners Llc, which manages about $150.62 million and $352.76 million US Long portfolio, upped its stake in Marcus & Millichap Inc (NYSE:MMI) by 18,490 shares to 57,640 shares, valued at $1.56 million in 2017Q3, according to the filing. It also increased its holding in Amtech Systems (NASDAQ:ASYS) by 57,200 shares in the quarter, for a total of 378,214 shares, and has risen its stake in Build A Bear Workshop (NYSE:BBW).

Analysts await ZAGG Inc (NASDAQ:ZAGG) to report earnings on March, 6. They expect $0.75 EPS, up 1,037.50% or $0.83 from last year’s $-0.08 per share. ZAGG’s profit will be $20.98 million for 6.18 P/E if the $0.75 EPS becomes a reality. After $0.34 actual EPS reported by ZAGG Inc for the previous quarter, Wall Street now forecasts 120.59% EPS growth.

Among 6 analysts covering ZAGG (NASDAQ:ZAGG), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. ZAGG had 17 analyst reports since August 5, 2015 according to SRatingsIntel. Wunderlich maintained the stock with “Buy” rating in Wednesday, May 11 report. Northland Capital maintained ZAGG Inc (NASDAQ:ZAGG) rating on Friday, December 1. Northland Capital has “Buy” rating and $23.0 target. Northland Capital maintained it with “Buy” rating and $12.0 target in Monday, September 11 report. On Thursday, November 2 the stock rating was maintained by Northland Capital with “Buy”. The rating was maintained by Roth Capital on Thursday, June 15 with “Hold”. As per Tuesday, October 17, the company rating was maintained by Roth Capital. The rating was maintained by Wunderlich on Friday, June 9 with “Buy”. The stock has “Hold” rating by Craig Hallum on Thursday, August 27. Craig Hallum maintained it with “Buy” rating and $24.0 target in Wednesday, January 3 report. TH Capital maintained the shares of ZAGG in report on Wednesday, August 5 with “Neutral” rating.

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.13, from 1.14 in 2017Q2. It increased, as 13 investors sold ZAGG shares while 35 reduced holdings. 30 funds opened positions while 31 raised stakes. 21.90 million shares or 0.15% more from 21.87 million shares in 2017Q2 were reported. Cadence Capital Mgmt Lc owns 90,533 shares for 0.09% of their portfolio. Systematic LP invested in 0.01% or 36,965 shares. D E Shaw reported 177,515 shares stake. Perkins Cap Mngmt Inc, a Minnesota-based fund reported 66,700 shares. Northern Tru Corporation has 0% invested in ZAGG Inc (NASDAQ:ZAGG) for 400,324 shares. Voya Investment Ltd Limited Liability Company stated it has 0% in ZAGG Inc (NASDAQ:ZAGG). Amer Century Companies has invested 0% in ZAGG Inc (NASDAQ:ZAGG). 44,100 were reported by Numeric Investors Lc. Bridgeway Mgmt accumulated 0.07% or 404,300 shares. Kornitzer Management Ks accumulated 122,000 shares. Perritt Cap Mngmt stated it has 143,100 shares. Ftb Advisors stated it has 0% of its portfolio in ZAGG Inc (NASDAQ:ZAGG). Peak6 LP holds 0% or 6,706 shares. Moreover, Ptnrs Ltd Co has 0.1% invested in ZAGG Inc (NASDAQ:ZAGG) for 191,300 shares. Ajo LP owns 442,156 shares or 0.03% of their US portfolio.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It dropped, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Allstate reported 1,618 shares or 0.01% of all its holdings. Alpinvest Prtnrs Bv holds 13,274 shares or 9.59% of its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation owns 387,300 shares. Baystate Wealth Limited Company has invested 0.1% in Facebook, Inc. (NASDAQ:FB). Northeast Mgmt owns 210,639 shares. Catawba Va has invested 0.18% of its portfolio in Facebook, Inc. (NASDAQ:FB). Selkirk Ltd Llc stated it has 2.52% in Facebook, Inc. (NASDAQ:FB). 4.47 million were reported by Citadel Advsrs Ltd. Moreover, Lazard Asset Limited Liability Corporation has 0.22% invested in Facebook, Inc. (NASDAQ:FB) for 655,855 shares. Cornerstone Advsrs owns 4,677 shares. 1.23 million were reported by Sustainable Growth Advisers Ltd Partnership. Naples Limited Company invested in 10,943 shares or 0.62% of the stock. Ellington Mgmt Grp Ltd Liability Corp owns 3,400 shares. Motley Fool Wealth Llc stated it has 5.07% of its portfolio in Facebook, Inc. (NASDAQ:FB). Alpha Cubed Ltd Liability Corp accumulated 1.4% or 54,382 shares.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 217 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, November 30 by Robert W. Baird. As per Thursday, April 28, the company rating was maintained by Mizuho. The firm has “Outperform” rating given on Thursday, April 28 by Oppenheimer. On Thursday, November 2 the stock rating was maintained by Mizuho with “Buy”. Credit Suisse maintained Facebook, Inc. (NASDAQ:FB) on Thursday, July 27 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) has “Hold” rating given on Wednesday, November 22 by BMO Capital Markets. Robert W. Baird maintained the shares of FB in report on Thursday, July 30 with “Outperform” rating. The stock has “Buy” rating by Canaccord Genuity on Thursday, December 1. Mizuho maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, November 5. Mizuho has “Buy” rating and $125 target. Axiom Capital maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, November 3. Axiom Capital has “Buy” rating and $160 target.

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