Intercontinental Exchange (ICE) Holder Channing Capital Management Trimmed Position by $3.10 Million; Zagg (ZAGG) Stock Value Declined While Fmr Has Cut Its Position by $924,000

June 14, 2018 - By Vivian Park

ZAGG Inc (NASDAQ:ZAGG) Logo

Channing Capital Management Llc decreased its stake in Intercontinental Exchange Inc (ICE) by 20.99% based on its latest 2018Q1 regulatory filing with the SEC. Channing Capital Management Llc sold 42,996 shares as the company’s stock declined 3.64% with the market. The institutional investor held 161,853 shares of the investment bankers and brokers and service company at the end of 2018Q1, valued at $11.74 million, down from 204,849 at the end of the previous reported quarter. Channing Capital Management Llc who had been investing in Intercontinental Exchange Inc for a number of months, seems to be less bullish one the $43.17 billion market cap company. The stock decreased 0.45% or $0.34 during the last trading session, reaching $74.53. About 1.33 million shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 17.24% since June 14, 2017 and is uptrending. It has outperformed by 4.67% the S&P500. Some Historical ICE News: 19/03/2018 – NASDAQ PSX REVOKES SELF-HELP AGAINST NYSE AMERICAN; 18/04/2018 – Intercontinental Exchange Announces June 1 Launch of ICE Three Month SONIA Futures; 05/04/2018 – INTERCONTINENTAL EXCHANGE INC – FINANCIAL IMPACT OF DEAL WILL NOT BE MATERIAL TO ICE OR IMPACT CAPITAL RETURN PLANS; 19/03/2018 – Intercontinental Exchange Announces Open Interest Record in Sterling Futures; 29/05/2018 – INTERCONTINENTAL EXCHANGE INC – DEAL FOR FOR $685 MLN IN CASH; 22/05/2018 – Intercontinental Exchange: lead chef; 04/04/2018 – INTERCONTINENTAL EXCHANGE INC – IN QTR, TOTAL COMMODITIES ADV UP 4% Y/Y; 29/05/2018 – ICE AGREES TO BUY TMC BONDS FOR $685M IN CASH; 29/03/2018 – Intercontinental Exchange Releases 2018 Corporate Responsibility Report; 03/05/2018 – Intercontinental Exchange 1Q Net $464M

Fmr Llc decreased its stake in Zagg Inc (ZAGG) by 18.83% based on its latest 2018Q1 regulatory filing with the SEC. Fmr Llc sold 77,000 shares as the company’s stock declined 2.56% with the market. The institutional investor held 331,900 shares of the other specialty stores company at the end of 2018Q1, valued at $4.05 million, down from 408,900 at the end of the previous reported quarter. Fmr Llc who had been investing in Zagg Inc for a number of months, seems to be less bullish one the $500.22M market cap company. The stock increased 1.73% or $0.3 during the last trading session, reaching $17.65. About 572,007 shares traded or 32.35% up from the average. ZAGG Inc (NASDAQ:ZAGG) has risen 87.12% since June 14, 2017 and is uptrending. It has outperformed by 74.55% the S&P500. Some Historical ZAGG News: 07/03/2018 – ZAGG INC ZAGG.O SEES FY 2018 SHR $1.30 TO $1.50; 12/04/2018 – ZAGG INC – REVOLVING LOAN MATURES ON APRIL 11, 2023, SUBJECT TO EARLY TERMINATION IN THE EVENT OF DEFAULT; 17/05/2018 – PRESS RELEASE – INVISIBLESHIELD PARTNERS WITH CPR CELL PHONE REPAIR TO SELL SCREEN PROTECTION AND PROVIDE SCREEN PROTECTION WARRANTY REPLACEMENT THROUGH MORE THAN 430 RETAIL LOCATIONS IN THE U.S. AND…; 15/05/2018 – IFROGZ Expands Wireless Audio Family by Introducing the Cocoon Earbud Charging Case; 08/05/2018 – ZAGG INC – COMPANY REITERATES 2018 OUTLOOK; 12/04/2018 – ZAGG SAYS CREDIT AGREEMENT CONSISTS OF $85.0 MLN SECURED REVOLVING CREDIT FACILITY, WHICH IS NOT SUBJECT TO BORROWING BASE LIMITATIONS – SEC FILING; 17/05/2018 – Zagg Closes Above 200-Day Moving Average: Technicals; 07/03/2018 – ZAGG INC – RANDY HALES WILL RETIRE AS ZAGG’S PRESIDENT AND CEO; 24/05/2018 – mophie announces compact wireless charging accessories; 17/05/2018 – lnvisibleShield Partners with CPR Cell Phone Repair to Sell Screen Protection and Provide Screen Protection Warranty Replacement Through More Than 430 Retail Locations in the U.S. and Canada

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.41, from 1.28 in 2017Q4. It turned negative, as 45 investors sold ICE shares while 258 reduced holdings. 73 funds opened positions while 191 raised stakes. 486.05 million shares or 2.19% less from 496.95 million shares in 2017Q4 were reported. Moreover, Veritable Limited Partnership has 0.04% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 28,506 shares. Moreover, Employees Retirement Systems Of Texas has 0.2% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 207,390 shares. Louisiana State Employees Retirement Systems owns 35,600 shares or 0.12% of their US portfolio. Capital Advisers Limited Co holds 0.02% or 29,842 shares in its portfolio. Moreover, Federated Invsts Pa has 0% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 9,770 shares. Cornerstone Advsrs invested in 980 shares. Atlantic Trust Gru Ltd Llc owns 2.07M shares. Destination Wealth Mgmt reported 0% stake. California State Teachers Retirement reported 0.15% in Intercontinental Exchange, Inc. (NYSE:ICE). Glob X Mgmt Ltd owns 13,859 shares. National Pension reported 0.19% stake. 17,372 are owned by Tudor Invest Et Al. Davenport & Co Lc has 0% invested in Intercontinental Exchange, Inc. (NYSE:ICE). Alkeon Capital Mngmt Ltd Co reported 3.23M shares. Dupont Capital Mgmt Corp reported 4,216 shares.

Among 20 analysts covering Intercontinental Exchange (NYSE:ICE), 17 have Buy rating, 0 Sell and 3 Hold. Therefore 85% are positive. Intercontinental Exchange had 69 analyst reports since August 6, 2015 according to SRatingsIntel. On Tuesday, February 20 the stock rating was upgraded by JP Morgan to “Overweight”. The firm earned “Buy” rating on Thursday, May 19 by Buckingham Research. The firm earned “Overweight” rating on Tuesday, December 15 by Barclays Capital. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 11. The rating was reinitiated by Goldman Sachs with “Buy” on Tuesday, January 5. The company was maintained on Monday, September 18 by RBC Capital Markets. Keefe Bruyette & Woods maintained Intercontinental Exchange, Inc. (NYSE:ICE) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $81.5 target. On Tuesday, June 6 the stock rating was maintained by RBC Capital Markets with “Hold”. On Friday, March 31 the stock rating was reinitiated by RBC Capital Markets with “Sector Perform”. The firm has “Buy” rating given on Friday, January 8 by Deutsche Bank.

Channing Capital Management Llc, which manages about $1.58B and $2.86B US Long portfolio, upped its stake in American Intl Group Com (NYSE:AIG) by 24,762 shares to 168,760 shares, valued at $9.18 million in 2018Q1, according to the filing. It also increased its holding in Rexnord Corp (NYSE:RXN) by 79,418 shares in the quarter, for a total of 2.90M shares, and has risen its stake in Sterling Bancorp (NYSE:STL).

Analysts await Intercontinental Exchange, Inc. (NYSE:ICE) to report earnings on August, 2. They expect $0.87 EPS, up 16.00% or $0.12 from last year’s $0.75 per share. ICE’s profit will be $503.93 million for 21.42 P/E if the $0.87 EPS becomes a reality. After $0.90 actual EPS reported by Intercontinental Exchange, Inc. for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.

More notable recent Intercontinental Exchange, Inc. (NYSE:ICE) news were published by: Seekingalpha.com which released: “NYSE To Acquire Radiate For Business Video Platform” on June 11, 2018, also Businesswire.com with their article: “Intercontinental Exchange Chairman and CEO Jeffrey C. Sprecher and NYSE President Stacey Cunningham to …” published on June 04, 2018, Businesswire.com published: “NYSE’s Newest Market – NYSE National to Commence Trading on Monday, May 21” on May 18, 2018. More interesting news about Intercontinental Exchange, Inc. (NYSE:ICE) were released by: Bizjournals.com and their article: “ICE announces COO to be first woman president of NYSE Group” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “NYSE names Betty Liu executive vice chairman and will buy her firm Radiate” with publication date: June 05, 2018.

Since May 11, 2018, it had 0 insider purchases, and 2 selling transactions for $575,469 activity. 20,000 shares valued at $306,057 were sold by Stech Brian on Wednesday, May 23.

More important recent ZAGG Inc (NASDAQ:ZAGG) news were published by: Globenewswire.com which released: “InvisibleShield Partners with CPR Cell Phone Repair to Sell Screen Protection and Provide Screen Protection Warranty …” on May 17, 2018, also Globenewswire.com published article titled: “ZAGG Announces Participation in Ladenburg Thalmann 2018 Technology Expo”, Globenewswire.com published: “mophie announces compact wireless charging accessories” on May 24, 2018. More interesting news about ZAGG Inc (NASDAQ:ZAGG) was released by: Seekingalpha.com and their article: “I Think The Street Is Underestimating Zagg’s Potential Zip” with publication date: June 13, 2018.

Analysts await ZAGG Inc (NASDAQ:ZAGG) to report earnings on August, 7. They expect $0.17 earnings per share, up 41.67% or $0.05 from last year’s $0.12 per share. ZAGG’s profit will be $4.82M for 25.96 P/E if the $0.17 EPS becomes a reality. After $0.24 actual earnings per share reported by ZAGG Inc for the previous quarter, Wall Street now forecasts -29.17% negative EPS growth.

Investors sentiment decreased to 1.16 in Q1 2018. Its down 0.22, from 1.38 in 2017Q4. It turned negative, as 23 investors sold ZAGG shares while 38 reduced holdings. 26 funds opened positions while 45 raised stakes. 23.24 million shares or 8.83% more from 21.35 million shares in 2017Q4 were reported. Morgan Dempsey Cap Management Ltd Com reported 0% stake. 294,171 are owned by Ameriprise Financial Inc. Jpmorgan Chase & owns 18,285 shares for 0% of their portfolio. Element Mgmt Limited Liability Corporation accumulated 40,713 shares. Panagora Asset Mgmt Incorporated reported 118,257 shares or 0.01% of all its holdings. Tieton Management Ltd Liability owns 338,407 shares for 3.79% of their portfolio. Walleye Trading Lc holds 0% in ZAGG Inc (NASDAQ:ZAGG) or 4,879 shares. Acadian Asset Mngmt Ltd Liability Com has invested 0.01% in ZAGG Inc (NASDAQ:ZAGG). Koch holds 0.03% of its portfolio in ZAGG Inc (NASDAQ:ZAGG) for 22,760 shares. Menta Cap Ltd Llc, California-based fund reported 25,400 shares. Thompson Siegel And Walmsley Ltd Llc reported 545,571 shares. Fmr invested in 331,900 shares or 0% of the stock. Tudor Invest Et Al reported 0.03% of its portfolio in ZAGG Inc (NASDAQ:ZAGG). Us Fincl Bank De holds 12,683 shares. Brandywine Inv Management Limited reported 0% in ZAGG Inc (NASDAQ:ZAGG).

Fmr Llc, which manages about $842.35B US Long portfolio, upped its stake in Emerson Elec Co (NYSE:EMR) by 1.70 million shares to 2.81M shares, valued at $191.79 million in 2018Q1, according to the filing. It also increased its holding in Blueprint Medicines Corp by 100,240 shares in the quarter, for a total of 6.53 million shares, and has risen its stake in Juniper Networks Inc (NYSE:JNPR).

Intercontinental Exchange, Inc. (NYSE:ICE) Institutional Positions Chart

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