Sfe Investment Counsel Lowered By $559,080 Its First Solar (FSLR) Holding; 2 Bullish Analysts Covering Rite Aid (RAD)

March 20, 2018 - By Peter Kolinski

Sfe Investment Counsel decreased First Solar Inc (FSLR) stake by 30.93% reported in 2017Q3 SEC filing. Sfe Investment Counsel sold 12,424 shares as First Solar Inc (FSLR)’s stock rose 4.31%. The Sfe Investment Counsel holds 27,745 shares with $1.27M value, down from 40,169 last quarter. First Solar Inc now has $7.46B valuation. The stock increased 0.20% or $0.14 during the last trading session, reaching $71.4. About 65,607 shares traded. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since March 20, 2017 and is downtrending. It has underperformed by 39.53% the S&P500.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 25 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America reinitiated Rite Aid Corporation (NYSE:RAD) rating on Friday, June 30. Bank of America has “Underperform” rating and $2 target. The stock of Rite Aid Corporation (NYSE:RAD) has “Buy” rating given on Thursday, September 17 by Mizuho. The stock has “Buy” rating by Bank of America on Thursday, August 13. The firm earned “Neutral” rating on Friday, November 13 by JP Morgan. Mizuho downgraded the shares of RAD in report on Thursday, July 20 to “Neutral” rating. The stock has “Buy” rating by Vetr on Thursday, August 6. The firm earned “Buy” rating on Friday, August 14 by Vetr. The company was maintained on Friday, October 6 by Mizuho. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, October 29. The firm has “Hold” rating given on Friday, September 29 by Loop Capital. See Rite Aid Corporation (NYSE:RAD) latest ratings:

20/02/2018 Broker: Evercore Rating: Sell New Target: $1.5
05/01/2018 Broker: Evercore Rating: Underperform New Target: $1.5 Initiates Coverage On
04/12/2017 Broker: Deutsche Bank Rating: Hold New Target: $2.25 Initiates Coverage On
25/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $2.0 Maintain
06/10/2017 Broker: Mizuho Rating: Neutral Old Target: $2.95 New Target: $2.25 Maintain
29/09/2017 Broker: Loop Capital Rating: Hold Old Target: $2.5 New Target: $2 Maintain

The stock increased 0.07% or $0.001 during the last trading session, reaching $1.581. About 855,496 shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since March 20, 2017 and is downtrending. It has underperformed by 71.88% the S&P500.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $1.68 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 10.68 P/E ratio. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

Since October 3, 2017, it had 0 insider purchases, and 1 sale for $58,915 activity. POTTER MYRTLE S had sold 28,189 shares worth $58,915 on Tuesday, October 3.

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.10, from 0.97 in 2017Q2. It dropped, as 57 investors sold Rite Aid Corporation shares while 77 reduced holdings. 43 funds opened positions while 87 raised stakes. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported. California Public Employees Retirement Systems invested in 0.01% or 3.30M shares. Geode Mngmt Ltd stated it has 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD). 76,331 are owned by Janney Montgomery Scott Ltd. Gamco Investors Et Al reported 958,800 shares or 0.01% of all its holdings. Connor Clark And Lunn Inv holds 0% or 168,900 shares in its portfolio. Arcadia Management Corp Mi reported 1,500 shares stake. Us Financial Bank De stated it has 37,749 shares. Jefferies Grp Incorporated Ltd Liability reported 100,400 shares. Equitec Proprietary Limited Company has 134,600 shares for 0.06% of their portfolio. Virtu Fincl Ltd Liability Co has 0% invested in Rite Aid Corporation (NYSE:RAD). Vantage Investment Advsr Ltd Liability holds 0% or 1,000 shares. Longfellow Invest Mgmt Lc invested in 0.7% or 1.34M shares. Nadler Financial Grp invested in 0.01% or 11,000 shares. Aperio Grp Ltd Liability Corp holds 191,974 shares. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 0.01% or 29,500 shares.

Among 30 analysts covering First Solar Inc. (NASDAQ:FSLR), 14 have Buy rating, 3 Sell and 13 Hold. Therefore 47% are positive. First Solar Inc. had 81 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 18 by Guggenheim. The rating was maintained by Argus Research with “Buy” on Thursday, November 5. The stock of First Solar, Inc. (NASDAQ:FSLR) earned “Hold” rating by Oppenheimer on Thursday, July 27. UBS downgraded First Solar, Inc. (NASDAQ:FSLR) on Friday, November 18 to “Sell” rating. Barclays Capital maintained it with “Overweight” rating and $50 target in Wednesday, August 10 report. Robert W. Baird maintained the shares of FSLR in report on Friday, September 1 with “Hold” rating. The company was downgraded on Thursday, November 3 by Janney Capital. The rating was downgraded by Needham on Thursday, December 10 to “Hold”. The firm has “Neutral” rating by Robert W. Baird given on Thursday, May 18. The rating was downgraded by Argus Research on Wednesday, August 31 to “Hold”.

Since December 18, 2017, it had 1 insider buy, and 8 insider sales for $4.78 million activity. On Monday, February 26 the insider Widmar Mark R sold $1.31M. 1,220 shares were sold by ANTOUN GEORGES, worth $83,265 on Wednesday, March 7. Another trade for 13,000 shares valued at $882,310 was made by Bueter Christopher on Friday, March 9. On Tuesday, March 13 KALETA PAUL J sold $112,511 worth of First Solar, Inc. (NASDAQ:FSLR) or 1,605 shares. Garabedian Raffi also sold $790,580 worth of First Solar, Inc. (NASDAQ:FSLR) on Monday, December 18. Bradley Alexander R. had sold 4,325 shares worth $294,619. Hambro George A had bought 3,000 shares worth $187,980.

Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on May, 1. They expect $-0.01 EPS, down 104.00% or $0.26 from last year’s $0.25 per share. After $-0.25 actual EPS reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -96.00% EPS growth.

Sfe Investment Counsel increased Claymore Exchange Trd Fd Tr (BSJL) stake by 19,980 shares to 105,440 valued at $2.66 million in 2017Q3. It also upped Texas Instrs Inc (NASDAQ:TXN) stake by 5,205 shares and now owns 8,965 shares. Fedex Corp (NYSE:FDX) was raised too.

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