As Albany International (AIN) Shares Declined, Bradley Foster & Sargent Increased Its Holding; Nvidia Corp. (NVDA) Shareholder Friess Associates Has Cut Its Stake by $5.90 Million as Valuation Rose

January 14, 2018 - By Louis Casey

Bradley Foster & Sargent Inc increased its stake in Albany International (AIN) by 38.07% based on its latest 2017Q3 regulatory filing with the SEC. Bradley Foster & Sargent Inc bought 31,110 shares as the company’s stock declined 1.69% while stock markets rallied. The institutional investor held 112,837 shares of the textiles company at the end of 2017Q3, valued at $6.48M, up from 81,727 at the end of the previous reported quarter. Bradley Foster & Sargent Inc who had been investing in Albany International for a number of months, seems to be bullish on the $2.04B market cap company. It closed at $63.3 lastly. It is down 20.57% since January 14, 2017 and is uptrending. It has outperformed by 3.87% the S&P500.

Friess Associates Llc decreased its stake in Nvidia Corp. (NVDA) by 24.57% based on its latest 2017Q3 regulatory filing with the SEC. Friess Associates Llc sold 33,160 shares as the company’s stock rose 26.83% with the market. The institutional investor held 101,779 shares of the semiconductors company at the end of 2017Q3, valued at $18.20 million, down from 134,939 at the end of the previous reported quarter. Friess Associates Llc who had been investing in Nvidia Corp. for a number of months, seems to be less bullish one the $135.13B market cap company. The stock decreased 0.49% or $1.1 during the last trading session, reaching $222.98. About 9.00 million shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since January 14, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.53, from 1.75 in 2017Q2. It fall, as 12 investors sold AIN shares while 52 reduced holdings. 20 funds opened positions while 58 raised stakes. 28.94 million shares or 0.26% less from 29.02 million shares in 2017Q2 were reported. D E Shaw & Inc has 0% invested in Albany International Corp. (NYSE:AIN) for 53,080 shares. Credit Agricole S A stated it has 0% of its portfolio in Albany International Corp. (NYSE:AIN). Loomis Sayles & Limited Partnership accumulated 656,468 shares or 0.08% of the stock. Massachusetts-based Wellington Mgmt Group Inc Llp has invested 0.03% in Albany International Corp. (NYSE:AIN). Pinnacle Associate Ltd has invested 0% in Albany International Corp. (NYSE:AIN). Great West Life Assurance Can invested in 39,943 shares. 7,860 are held by Employees Retirement Association Of Colorado. Earnest Prtnrs stated it has 1.15M shares or 0.66% of all its holdings. Piedmont Inv Lc holds 0.01% in Albany International Corp. (NYSE:AIN) or 6,294 shares. Ig Investment Mngmt Limited holds 0% or 10,282 shares in its portfolio. Tower Cap Limited Liability Corporation (Trc) has 2,762 shares for 0.01% of their portfolio. Moreover, Teachers Retirement System Of The State Of Kentucky has 0.01% invested in Albany International Corp. (NYSE:AIN). Connable Office holds 0.05% or 4,259 shares in its portfolio. Geode Capital Management Limited Liability Company holds 235,310 shares. Sei Invests owns 65,820 shares.

Among 3 analysts covering Albany Intl (NYSE:AIN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Albany Intl had 4 analyst reports since October 29, 2015 according to SRatingsIntel. The stock of Albany International Corp. (NYSE:AIN) has “Outperform” rating given on Thursday, October 29 by Macquarie Research. The rating was downgraded by Sidoti to “Neutral” on Friday, December 16. The rating was maintained by Macquarie Research with “Outperform” on Wednesday, December 9.

Bradley Foster & Sargent Inc, which manages about $2.48 billion and $2.62 billion US Long portfolio, decreased its stake in Procter & Gamble (NYSE:PG) by 12,807 shares to 349,788 shares, valued at $31.82M in 2017Q3, according to the filing. It also reduced its holding in Pembina Pipeline Corporation (NYSE:PBA) by 8,900 shares in the quarter, leaving it with 27,775 shares, and cut its stake in Eog Resources (NYSE:EOG).

Since August 8, 2017, it had 0 buys, and 1 insider sale for $921,930 activity.

Friess Associates Llc, which manages about $1.34B and $1.14 billion US Long portfolio, upped its stake in Teladoc Inc. by 275,297 shares to 292,589 shares, valued at $9.70M in 2017Q3, according to the filing. It also increased its holding in Xilinx Inc. (NASDAQ:XLNX) by 5,850 shares in the quarter, for a total of 269,350 shares, and has risen its stake in Mercury Systems Inc. (NASDAQ:MRCY).

Since August 14, 2017, it had 0 insider purchases, and 12 sales for $81.59 million activity. Drell Persis had sold 606 shares worth $119,427. Another trade for 110,000 shares valued at $18.27 million was made by HUANG JEN HSUN on Wednesday, September 6. The insider Kress Colette sold $31,732. Another trade for 9,538 shares valued at $1.71M was sold by Byron Michael. COXE TENCH sold $9.48 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Monday, September 18. $2.64M worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by PERRY MARK L.

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 4 Sell and 15 Hold. Therefore 57% are positive. Nvidia Corporation had 174 analyst reports since August 3, 2015 according to SRatingsIntel. As per Friday, August 11, the company rating was maintained by Loop Capital Markets. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by Mizuho on Thursday, November 9. The rating was maintained by Wedbush on Friday, May 13 with “Outperform”. Barclays Capital maintained NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, October 4 with “Equal-Weight” rating. The firm has “Buy” rating given on Wednesday, July 12 by Canaccord Genuity. As per Wednesday, December 14, the company rating was upgraded by Evercore. On Wednesday, November 2 the stock rating was initiated by Citigroup with “Buy”. The company was maintained on Friday, August 7 by Canaccord Genuity. On Friday, August 7 the stock rating was maintained by FBR Capital with “Mkt Perform”. Nomura maintained it with “Reduce” rating and $110 target in Friday, August 11 report.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.09, from 1.21 in 2017Q2. It increased, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Northwestern Mutual Wealth Mgmt holds 0.02% or 13,651 shares. Moreover, Gsa Capital Partners Limited Liability Partnership has 0.1% invested in NVIDIA Corporation (NASDAQ:NVDA) for 7,870 shares. Mark Asset holds 6.04% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 155,131 shares. Stephens Investment Management Limited Com reported 0.1% in NVIDIA Corporation (NASDAQ:NVDA). Teacher Retirement System Of Texas owns 306,870 shares. Sand Hill Glob Advsr Limited Liability has 5,000 shares for 0.1% of their portfolio. Elm Advsrs Limited Liability Co invested in 1,150 shares. 846,982 were accumulated by Axa. 3,215 were reported by Financial Bank Hapoalim Bm. Ny State Teachers Retirement Systems invested 0.41% in NVIDIA Corporation (NASDAQ:NVDA). 64,777 are owned by Arrowmark Colorado Ltd Liability Com. Zurcher Kantonalbank (Zurich Cantonalbank) holds 118,900 shares. Moreover, Asset Mngmt has 0.05% invested in NVIDIA Corporation (NASDAQ:NVDA) for 17,752 shares. Cim Limited Liability Com reported 3,271 shares or 0.24% of all its holdings. State Board Of Administration Of Florida Retirement holds 829,595 shares.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 8. They expect $1.15 earnings per share, up 16.16% or $0.16 from last year’s $0.99 per share. NVDA’s profit will be $696.90 million for 48.47 P/E if the $1.15 EPS becomes a reality. After $1.33 actual earnings per share reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts -13.53% negative EPS growth.

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