Steinberg Global Asset Management Lowered Calgon Carbon (CCC) Stake By $812,679; Fabrinet Has 1.01 Sentiment

January 14, 2018 - By Darrin Black

Steinberg Global Asset Management decreased Calgon Carbon Corp (CCC) stake by 45.64% reported in 2017Q3 SEC filing. Steinberg Global Asset Management sold 38,699 shares as Calgon Carbon Corp (CCC)’s stock declined 10.59%. The Steinberg Global Asset Management holds 46,084 shares with $986,000 value, down from 84,783 last quarter. Calgon Carbon Corp now has $1.08B valuation. The stock decreased 0.23% or $0.05 during the last trading session, reaching $21.3. About 738,048 shares traded. Calgon Carbon Corporation (NYSE:CCC) has declined 0.14% since January 14, 2017 and is downtrending. It has underperformed by 16.84% the S&P500.

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. The company has market cap of $1.09 billion. It offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test. It has a 11.58 P/E ratio. The companyÂ’s products comprise switching products, such as reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths and speeds, and over various distances; tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as for Infiniband, Ethernet, fiber channel, and optical backplane connectivity.

Among 5 analysts covering Calgon Carbon (NYSE:CCC), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Calgon Carbon had 10 analyst reports since February 22, 2016 according to SRatingsIntel. The rating was downgraded by Janney Capital on Thursday, July 13 to “Hold”. The stock of Calgon Carbon Corporation (NYSE:CCC) has “Hold” rating given on Monday, February 22 by BB&T Capital. The firm has “Buy” rating by Robert W. Baird given on Monday, September 11. The rating was initiated by Janney Capital on Wednesday, May 11 with “Buy”. Robert W. Baird maintained Calgon Carbon Corporation (NYSE:CCC) on Thursday, September 21 with “Buy” rating. As per Wednesday, June 1, the company rating was initiated by Oppenheimer. On Tuesday, October 4 the stock rating was upgraded by Robert W. Baird to “Outperform”. The rating was downgraded by Roth Capital on Monday, February 22 to “Neutral”. The stock of Calgon Carbon Corporation (NYSE:CCC) earned “Sell” rating by Janney Capital on Thursday, September 21. The stock of Calgon Carbon Corporation (NYSE:CCC) has “Hold” rating given on Wednesday, August 9 by Roth Capital.

Steinberg Global Asset Management increased Ishares Tr (IEFA) stake by 4,776 shares to 49,192 valued at $3.16 million in 2017Q3. It also upped Pimco Etf Tr (MINT) stake by 22,389 shares and now owns 276,505 shares. Ishares Tr (IUSV) was raised too.

Analysts await Calgon Carbon Corporation (NYSE:CCC) to report earnings on February, 23. They expect $0.18 EPS, up 260.00% or $0.13 from last year’s $0.05 per share. CCC’s profit will be $9.14M for 29.58 P/E if the $0.18 EPS becomes a reality. After $0.14 actual EPS reported by Calgon Carbon Corporation for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.33, from 1.28 in 2017Q2. It dived, as 33 investors sold CCC shares while 41 reduced holdings. 29 funds opened positions while 41 raised stakes. 45.52 million shares or 5.47% more from 43.16 million shares in 2017Q2 were reported. Swiss Bank has 85,100 shares for 0% of their portfolio. 470,122 are held by Goldman Sachs Group Inc. Virtu Ltd Llc invested in 38,595 shares or 0.08% of the stock. Teachers Retirement Systems Of The State Of Kentucky owns 0% invested in Calgon Carbon Corporation (NYSE:CCC) for 15,700 shares. Moreover, Guggenheim Lc has 0.01% invested in Calgon Carbon Corporation (NYSE:CCC). Ameritas Investment Prns stated it has 4,068 shares. Price T Rowe Associate Md owns 57,470 shares or 0% of their US portfolio. 37,083 were accumulated by Texas Permanent School Fund. Moreover, Thrivent Financial For Lutherans has 0% invested in Calgon Carbon Corporation (NYSE:CCC) for 31,310 shares. Harvest Management Ltd Limited Liability Company owns 60,598 shares or 0.82% of their US portfolio. Citadel Advsr Ltd Company reported 31,655 shares. Voya Investment Mngmt Ltd Liability has invested 0% in Calgon Carbon Corporation (NYSE:CCC). 73,776 are owned by Credit Suisse Ag. Wells Fargo & Mn has invested 0% in Calgon Carbon Corporation (NYSE:CCC). Barrow Hanley Mewhinney And Strauss Ltd Liability Corp reported 122,655 shares.

Since January 1, 0001, it had 0 insider purchases, and 6 selling transactions for $8.34 million activity.

Neumeier Poma Investment Counsel Llc holds 2.6% of its portfolio in Fabrinet for 672,173 shares. Quentec Asset Management Llc owns 630,051 shares or 2.34% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 2.1% invested in the company for 652,200 shares. The United Kingdom-based Herald Investment Management Ltd has invested 1.99% in the stock. Delphi Management Inc Ma, a Massachusetts-based fund reported 62,051 shares.

Ratings analysis reveals 100% of Fabrinet’s analysts are positive. Out of 2 Wall Street analysts rating Fabrinet, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $50.0 while the high is $56.0. The stock’s average target of $53 is 82.44% above today’s ($29.05) share price. FN was included in 2 notes of analysts from November 8, 2016. As per Tuesday, January 17, the company rating was upgraded by Needham. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, November 8.

The stock decreased 1.46% or $0.43 during the last trading session, reaching $29.05. About 660,653 shares traded or 34.56% up from the average. Fabrinet (FN) has risen 8.67% since January 14, 2017 and is uptrending. It has underperformed by 8.03% the S&P500.

Analysts await Fabrinet (NYSE:FN) to report earnings on February, 5. They expect $0.46 EPS, down 31.34% or $0.21 from last year’s $0.67 per share. FN’s profit will be $17.29 million for 15.79 P/E if the $0.46 EPS becomes a reality. After $0.55 actual EPS reported by Fabrinet for the previous quarter, Wall Street now forecasts -16.36% negative EPS growth.

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