Teton Advisors Lowered Its Holding in Cabot Microelectronics (CCMP) by $497,700; As Lithia Motors (LAD) Stock Price Declined, Granahan Investment Management Decreased Position by $1.46 Million

January 14, 2018 - By whatsonthorold

Teton Advisors Inc decreased its stake in Cabot Microelectronics (CCMP) by 31.19% based on its latest 2017Q3 regulatory filing with the SEC. Teton Advisors Inc sold 6,300 shares as the company’s stock rose 8.03% with the market. The institutional investor held 13,900 shares of the semiconductors company at the end of 2017Q3, valued at $1.11M, down from 20,200 at the end of the previous reported quarter. Teton Advisors Inc who had been investing in Cabot Microelectronics for a number of months, seems to be less bullish one the $2.45B market cap company. The stock increased 0.23% or $0.23 during the last trading session, reaching $98.16. About 84,576 shares traded. Cabot Microelectronics Corporation (NASDAQ:CCMP) has risen 87.31% since January 14, 2017 and is uptrending. It has outperformed by 70.61% the S&P500.

Granahan Investment Management Inc decreased its stake in Lithia Motors (LAD) by 23.23% based on its latest 2017Q3 regulatory filing with the SEC. Granahan Investment Management Inc sold 12,136 shares as the company’s stock declined 9.84% while stock markets rallied. The hedge fund held 40,116 shares of the consumer durables company at the end of 2017Q3, valued at $4.83 million, down from 52,252 at the end of the previous reported quarter. Granahan Investment Management Inc who had been investing in Lithia Motors for a number of months, seems to be less bullish one the $3.11 billion market cap company. The stock increased 1.20% or $1.47 during the last trading session, reaching $124.48. About 240,093 shares traded or 6.30% up from the average. Lithia Motors, Inc. (NYSE:LAD) has risen 16.88% since January 14, 2017 and is uptrending. It has outperformed by 0.18% the S&P500.

Teton Advisors Inc, which manages about $2.00 billion and $1.08 billion US Long portfolio, upped its stake in Infinera Corporation Com (NASDAQ:INFN) by 49,600 shares to 117,700 shares, valued at $1.04M in 2017Q3, according to the filing. It also increased its holding in Diebold Nixdorf (NYSE:DBD) by 30,602 shares in the quarter, for a total of 68,727 shares, and has risen its stake in Darling Intl Inc Com (NYSE:DAR).

Analysts await Cabot Microelectronics Corporation (NASDAQ:CCMP) to report earnings on January, 25. They expect $1.02 EPS, up 10.87% or $0.10 from last year’s $0.92 per share. CCMP’s profit will be $25.47M for 24.06 P/E if the $1.02 EPS becomes a reality. After $1.07 actual EPS reported by Cabot Microelectronics Corporation for the previous quarter, Wall Street now forecasts -4.67% negative EPS growth.

Among 5 analysts covering Cabot Microelectronics (NASDAQ:CCMP), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Cabot Microelectronics had 14 analyst reports since August 3, 2015 according to SRatingsIntel. As per Friday, October 27, the company rating was maintained by Loop Capital. As per Thursday, October 19, the company rating was maintained by Needham. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) has “Neutral” rating given on Friday, October 27 by Citigroup. The rating was maintained by Needham on Monday, September 18 with “Buy”. The stock has “Buy” rating by Aegis Capital on Friday, March 17. On Thursday, October 26 the stock rating was maintained by Needham with “Buy”. The company was upgraded on Tuesday, June 27 by Needham. The firm has “Sell” rating given on Friday, August 14 by Zacks. Needham maintained the stock with “Buy” rating in Thursday, November 9 report. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Neutral” rating by Citigroup on Thursday, February 11.

Since August 1, 2017, it had 0 buys, and 7 sales for $5.39 million activity. Another trade for 2,925 shares valued at $278,255 was sold by Damashek Yumiko. Shares for $870,982 were sold by JOHNSON WILLIAM S on Wednesday, August 2. HILL RICHARD sold $1.48M worth of stock. 18,525 shares were sold by ECKSTEIN BERNSTEIN H CAROL, worth $1.75 million. Shares for $896,276 were sold by KLEIN BARBARA A.

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.88, from 1.81 in 2017Q2. It turned negative, as 31 investors sold CCMP shares while 67 reduced holdings. 29 funds opened positions while 62 raised stakes. 23.49 million shares or 0.60% less from 23.63 million shares in 2017Q2 were reported. Morgan Dempsey Mgmt invested in 23,123 shares or 0.62% of the stock. Clarivest Asset Mgmt Ltd Co reported 0.21% stake. 14,800 were reported by Strs Ohio. Aureus Asset Management Ltd Com has 28,890 shares for 0.37% of their portfolio. Paloma Ptnrs Mngmt has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Us Bancorp De reported 14,499 shares stake. Bahl Gaynor invested 0.01% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Art Advisors Lc holds 0.06% or 13,501 shares. Barclays Public Ltd has 0% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP). Ameritas Prtn invested in 2,232 shares. Laurion Capital Mgmt Ltd Partnership stated it has 13,900 shares or 0% of all its holdings. Point72 Asia (Hong Kong) Limited holds 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 48 shares. Cwm Limited Liability reported 73 shares or 0% of all its holdings. Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma holds 8,894 shares. Credit Suisse Ag owns 47,155 shares.

Since August 8, 2017, it had 0 insider purchases, and 12 selling transactions for $18.06 million activity. Another trade for 1,031 shares valued at $110,420 was made by BECKER THOMAS R on Thursday, August 31. $8.00 million worth of Lithia Motors, Inc. (NYSE:LAD) was sold by DEBOER SIDNEY B on Friday, September 29. $1.54M worth of stock was sold by Holzshu Chris on Monday, August 21. Shares for $2.93M were sold by Roberts Kenneth E. The insider DEBOER BRYAN B sold $2.17M. 1,970 shares valued at $208,072 were sold by Liang George Chun-Wai on Tuesday, August 22.

Among 10 analysts covering Lithia Motors (NYSE:LAD), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Lithia Motors had 18 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was initiated by Jefferies on Monday, April 11 with “Buy”. Bank of America upgraded Lithia Motors, Inc. (NYSE:LAD) rating on Monday, January 8. Bank of America has “Hold” rating and $128.0 target. The rating was initiated by Wolfe Research on Wednesday, August 31 with “Outperform”. The firm has “Overweight” rating given on Wednesday, November 16 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Wednesday, October 4 report. As per Wednesday, June 28, the company rating was maintained by Jefferies. The rating was downgraded by Bank of America on Friday, June 16 to “Underperform”. The stock has “Neutral” rating by Seaport Global on Wednesday, June 14. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, November 13. The rating was maintained by Jefferies with “Buy” on Wednesday, October 11.

Analysts await Lithia Motors, Inc. (NYSE:LAD) to report earnings on February, 21. They expect $2.10 EPS, up 12.90% or $0.24 from last year’s $1.86 per share. LAD’s profit will be $52.42M for 14.82 P/E if the $2.10 EPS becomes a reality. After $2.18 actual EPS reported by Lithia Motors, Inc. for the previous quarter, Wall Street now forecasts -3.67% negative EPS growth.

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