Trexquant Investment LP Increases Stake in Advance Auto Parts (AAP); Consulta LTD Has Lowered Nike (NKE) Holding as Stock Rose

May 25, 2018 - By Adrian Erickson

NIKE, Inc. (NYSE:NKE) Logo

Trexquant Investment Lp increased its stake in Advance Auto Parts Inc (AAP) by 83.06% based on its latest 2017Q4 regulatory filing with the SEC. Trexquant Investment Lp bought 6,487 shares as the company’s stock rose 14.38% while stock markets declined. The institutional investor held 14,297 shares of the other specialty stores company at the end of 2017Q4, valued at $1.43 million, up from 7,810 at the end of the previous reported quarter. Trexquant Investment Lp who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $9.26B market cap company. The stock increased 1.56% or $1.92 during the last trading session, reaching $125.17. About 1.27M shares traded or 10.11% up from the average. Advance Auto Parts, Inc. (NYSE:AAP) has declined 22.19% since May 25, 2017 and is downtrending. It has underperformed by 33.74% the S&P500.

Consulta Ltd decreased its stake in Nike Inc (NKE) by 41.18% based on its latest 2017Q4 regulatory filing with the SEC. Consulta Ltd sold 350,000 shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 500,000 shares of the consumer non-durables company at the end of 2017Q4, valued at $31.28M, down from 850,000 at the end of the previous reported quarter. Consulta Ltd who had been investing in Nike Inc for a number of months, seems to be less bullish one the $116.34B market cap company. The stock increased 1.18% or $0.84 during the last trading session, reaching $72.18. About 5.61M shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since May 25, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Among 29 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 15 have Buy rating, 3 Sell and 11 Hold. Therefore 52% are positive. Advance Auto Parts Inc. had 104 analyst reports since August 5, 2015 according to SRatingsIntel. As per Thursday, March 1, the company rating was downgraded by Credit Suisse. The stock has “Outperform” rating by RBC Capital Markets on Friday, May 20. The firm has “Neutral” rating given on Friday, August 26 by Susquehanna. Citigroup maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Wednesday, November 15. Citigroup has “Sell” rating and $85.0 target. The firm has “Sell” rating by Barclays Capital given on Monday, May 29. RBC Capital Markets maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Friday, November 13. RBC Capital Markets has “Outperform” rating and $194.0 target. The firm earned “Outperform” rating on Wednesday, March 15 by Wedbush. As per Tuesday, September 12, the company rating was downgraded by Citigroup. The firm earned “Buy” rating on Friday, August 14 by Sterne Agee CRT. The rating was maintained by Citigroup on Friday, May 20 with “Neutral”.

Since February 23, 2018, it had 1 insider purchase, and 2 insider sales for $757,901 activity. Brouillard John C. also sold $202,560 worth of Advance Auto Parts, Inc. (NYSE:AAP) on Friday, February 23. The insider Finley Tammy M sold $39,792.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.13, from 1 in 2017Q3. It increased, as 56 investors sold AAP shares while 110 reduced holdings. 55 funds opened positions while 133 raised stakes. 73.12 million shares or 2.40% less from 74.92 million shares in 2017Q3 were reported. Axa invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Sg Americas Secs Ltd Liability stated it has 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Nomura Holding reported 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Pnc Services Group invested in 0% or 8,468 shares. Westpac Bk Corp owns 4,055 shares for 0.01% of their portfolio. Advantus Management Inc stated it has 7,359 shares. Clearbridge Investments Limited Liability Company, New York-based fund reported 329,196 shares. Apg Asset Management Nv reported 103,832 shares. Amp Capital Ltd reported 0.01% stake. Tiaa Cref Invest Mgmt Limited Com has 384,227 shares for 0.03% of their portfolio. Legacy Private holds 0.03% or 2,975 shares in its portfolio. Parallax Volatility Advisers Limited Partnership has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP). Guggenheim Lc reported 389,249 shares. 1.27M were accumulated by Thompson Siegel And Walmsley Limited Liability Company. North Carolina-based Salem Inv Counselors Inc has invested 0.06% in Advance Auto Parts, Inc. (NYSE:AAP).

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/22: (PLAB) (ACIA) (AAP) Higher; (LBY) (DY) (JCP) Lower (more…)” on May 22, 2018, also Seekingalpha.com with their article: “Credit Suisse defends Advance Auto Parts” published on May 23, 2018, Seekingalpha.com published: “Advance Auto Parts’ (AAP) CEO Tom Greco on Q1 2018 Results – Earnings Call Transcript” on May 22, 2018. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Seekingalpha.com and their article: “Can Advance Auto Parts Turn Itself Around?” published on May 10, 2018 as well as Benzinga.com‘s news article titled: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” with publication date: May 21, 2018.

Trexquant Investment Lp, which manages about $105.00 million and $910.79 million US Long portfolio, decreased its stake in Cheesecake Factory Inc (NASDAQ:CAKE) by 7,368 shares to 6,249 shares, valued at $301,000 in 2017Q4, according to the filing. It also reduced its holding in Bjs Restaurants Inc (NASDAQ:BJRI) by 8,686 shares in the quarter, leaving it with 9,116 shares, and cut its stake in Pvh Corp (NYSE:PVH).

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Seekingalpha.com which released: “Nike and Fanatics close in on MLB deal” on May 24, 2018, also Bizjournals.com with their article: “Nike CEO calls all-staff meeting to apologize for company culture” published on May 04, 2018, Bizjournals.com published: “Nike leadership shuffle continues with new leaders for women’s, running categories” on May 08, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Bizjournals.com and their article: “A former Nike executive launches Portland’s first luxury women’s sportswear company” published on May 09, 2018 as well as Seekingalpha.com‘s news article titled: “Nike breaks to new all-time high” with publication date: May 16, 2018.

Since December 11, 2017, it had 0 buys, and 9 selling transactions for $49.31 million activity. Shares for $3.50 million were sold by SPRUNK ERIC D on Wednesday, May 16. The insider PARKER MARK G sold $9.45 million. EDWARDS TREVOR A also sold $6.85 million worth of NIKE, Inc. (NYSE:NKE) on Wednesday, January 31. Another trade for 125,722 shares valued at $7.94 million was sold by Slusher John F.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 16 Hold. Therefore 59% are positive. Nike Inc. had 235 analyst reports since July 29, 2015 according to SRatingsIntel. As per Thursday, January 19, the company rating was initiated by CLSA. Morgan Stanley maintained NIKE, Inc. (NYSE:NKE) on Tuesday, August 29 with “Overweight” rating. Instinet maintained NIKE, Inc. (NYSE:NKE) on Thursday, March 23 with “Buy” rating. The firm has “Buy” rating given on Monday, December 5 by HSBC. Argus Research maintained NIKE, Inc. (NYSE:NKE) on Tuesday, September 29 with “Buy” rating. The stock of NIKE, Inc. (NYSE:NKE) earned “Outperform” rating by Telsey Advisory Group on Thursday, June 22. The stock has “Hold” rating by FBR Capital on Friday, June 30. The stock of NIKE, Inc. (NYSE:NKE) has “Hold” rating given on Friday, March 23 by Jefferies. Canaccord Genuity maintained NIKE, Inc. (NYSE:NKE) rating on Wednesday, September 27. Canaccord Genuity has “Hold” rating and $50 target. The firm earned “Buy” rating on Wednesday, September 28 by DA Davidson.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on July, 5. They expect $0.64 EPS, up 6.67% or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03 billion for 28.20 P/E if the $0.64 EPS becomes a reality. After $0.68 actual EPS reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.06, from 0.8 in 2017Q3. It fall, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. 280,456 are held by Barr E S And. Lombard Odier Asset (Switzerland) Sa reported 0.04% of its portfolio in NIKE, Inc. (NYSE:NKE). Jensen Investment Mgmt Inc owns 3.88 million shares or 3.09% of their US portfolio. Moreover, First Republic Inv has 0.28% invested in NIKE, Inc. (NYSE:NKE) for 681,836 shares. Huntington Steele Limited Company stated it has 7,956 shares or 0.13% of all its holdings. Triangle Securities Wealth Mgmt invested 0.39% of its portfolio in NIKE, Inc. (NYSE:NKE). Bancorp Of Nova Scotia Tru Comm holds 0.55% or 81,616 shares. Cannell Peter B & Inc holds 1.85% of its portfolio in NIKE, Inc. (NYSE:NKE) for 857,455 shares. Panagora Asset Management invested 0.01% in NIKE, Inc. (NYSE:NKE). Ycg Ltd Com has 5.99% invested in NIKE, Inc. (NYSE:NKE) for 389,806 shares. Wealthcare Cap Management Ltd Limited Liability Company invested in 0% or 400 shares. 174,112 were reported by Sather Gp Inc. Sun Life Fincl holds 0.02% of its portfolio in NIKE, Inc. (NYSE:NKE) for 2,875 shares. Guardian Capital Advsr LP holds 0.12% of its portfolio in NIKE, Inc. (NYSE:NKE) for 13,595 shares. Salem Counselors Inc holds 0.09% or 13,895 shares in its portfolio.

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