As Lululemon Athletica (LULU) Share Price Rose, Point72 Asia Hong Kong LTD Boosted by $374,245 Its Position; Security National Trust Co Has Lowered Its Wesbanco (WSBC) Stake by $424,200; Stock Value Rose

June 20, 2018 - By Clifton Ray

WesBanco, Inc. (NASDAQ:WSBC) Logo

Steve Cohen increased its stake in Lululemon Athletica Inc (LULU) by 476.76% based on its latest 2018Q1 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd bought 4,205 shares as the company’s stock rose 28.97% while stock markets declined. The hedge fund run by Steve Cohen held 5,087 shares of the apparel company at the end of 2018Q1, valued at $453,000, up from 882 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in Lululemon Athletica Inc for a number of months, seems to be bullish on the $16.94 billion market cap company. The stock decreased 0.19% or $0.24 during the last trading session, reaching $127.86. About 703,746 shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 118.07% since June 20, 2017 and is uptrending. It has outperformed by 105.50% the S&P500. Some Historical LULU News: 16/04/2018 – Lululemon Names Chief Financial Officer as CEO Search Continues; 27/03/2018 – LULULEMON ATHLETICA INC LULU.O : JP MORGAN RAISES TARGET PRICE TO $95 FROM $92; 11/05/2018 – Lululemon: Here Are 5 Potential CEO Candidates — Barrons.com; 27/03/2018 – LULULEMON 4Q ADJ EPS $1.33, EST. $1.27; 16/04/2018 – Lululemon Athletica Names Patrick Guido Chief Financial Officer; 27/03/2018 – Lululemon 4Q Net $119.8M; 27/03/2018 – LULULEMON HAS TALKED WITH SEVERAL CEO CANDIDATES; 27/03/2018 – LULULEMON 4Q ADJ EPS $1.33; 27/03/2018 – LULULEMON EXECUTIVE CHAIRMAN GLENN MURPHY COMMENTS ON CALL; 16/04/2018 – LULULEMON ATHLETICA INC LULU.O : JP MORGAN RAISES TARGET PRICE TO $107 FROM $95

Security National Trust Co decreased its stake in Wesbanco Inc (WSBC) by 29.99% based on its latest 2018Q1 regulatory filing with the SEC. Security National Trust Co sold 10,100 shares as the company’s stock rose 10.20% while stock markets declined. The institutional investor held 23,581 shares of the finance company at the end of 2018Q1, valued at $997,000, down from 33,681 at the end of the previous reported quarter. Security National Trust Co who had been investing in Wesbanco Inc for a number of months, seems to be less bullish one the $2.21 billion market cap company. The stock decreased 0.23% or $0.11 during the last trading session, reaching $47.54. About 70,451 shares traded. WesBanco, Inc. (NASDAQ:WSBC) has risen 23.20% since June 20, 2017 and is uptrending. It has outperformed by 10.63% the S&P500. Some Historical WSBC News: 19/04/2018 – WESBANCO INC – UPON COMPLETION OF MERGER, WESBANCO WILL ADD ONE FARMERS DIRECTOR TO ITS BOARD OF DIRECTORS; 24/04/2018 – WesBanco Short-Interest Ratio Rises 66% to 12 Days; 19/04/2018 – WESBANCO INC – MERGER IS EXPECTED TO QUALIFY AS A TAX-FREE REORGANIZATION; 08/05/2018 – The Law Offices of Vincent Wong Reminds Investors of an Investigation into Farmers Capital Bank Corporation in Connection with the Sale of the Company to WesBanco, Inc. — FFKT; 08/05/2018 – WesBanco Presenting at Conference Tomorrow; 19/04/2018 – WESBANCO INC – EXCLUDING CERTAIN ONE-TIME MERGER CHARGES, DEAL IS ANTICIPATED TO BE ABOUT 5% ACCRETIVE TO EARNINGS IN 2020; 17/04/2018 – WesBanco 1Q Net $33.5M; 23/04/2018 – The Law Offices of Vincent Wong Notifies Investors of an Investigation into Farmers Capital Bank Corporation in Connection with the Sale of the Company to WesBanco, Inc; 23/03/2018 – WesBanco Closes Below 50-Day Moving Average: Technicals; 02/05/2018 – WesBanco CEO and CFO to Participate in the D.A. Davidson 20th Annual Financial Institutions Conference

Investors sentiment increased to 1.18 in Q1 2018. Its up 0.10, from 1.08 in 2017Q4. It improved, as 35 investors sold LULU shares while 102 reduced holdings. 68 funds opened positions while 94 raised stakes. 105.01 million shares or 3.60% more from 101.36 million shares in 2017Q4 were reported. Columbus Circle Investors holds 0.6% or 333,340 shares. Stratos Wealth Ltd holds 1,224 shares. Jpmorgan Chase Communications holds 0.02% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU) for 840,858 shares. United Services Automobile Association owns 20,191 shares for 0% of their portfolio. Maverick Cap Ltd owns 446,850 shares. Everett Harris & Ca accumulated 4,065 shares. Mufg Americas reported 0.01% stake. Gsa Prtn Llp invested in 0.23% or 48,808 shares. Cambridge Invest Rech Advsrs owns 3,460 shares for 0% of their portfolio. Pub Employees Retirement Sys Of Ohio, Ohio-based fund reported 84,286 shares. Dimensional Fund Lp stated it has 409,027 shares or 0.02% of all its holdings. The British Columbia – Canada-based British Columbia Investment Mgmt Corp has invested 0.04% in Lululemon Athletica Inc. (NASDAQ:LULU). Washington Comml Bank owns 80 shares or 0% of their US portfolio. The Ontario – Canada-based 1832 Asset Limited Partnership has invested 0.12% in Lululemon Athletica Inc. (NASDAQ:LULU). Old Mutual Customised Solutions (Proprietary) owns 5,600 shares.

Point72 Asia Hong Kong Ltd, which manages about $193.97M US Long portfolio, decreased its stake in Becton Dickinson & Co (NYSE:BDX) by 3,185 shares to 673 shares, valued at $146,000 in 2018Q1, according to the filing. It also reduced its holding in Waste Mgmt Inc Del (NYSE:WM) by 4,241 shares in the quarter, leaving it with 109 shares, and cut its stake in Dominion Energy Inc (NYSE:D).

More notable recent Lululemon Athletica Inc. (NASDAQ:LULU) news were published by: Fool.com which released: “Lululemon Blows Past Expectations: What’s Next?” on June 03, 2018, also Benzinga.com with their article: “Sell-Side Bullish On Lululemon, Stock Rallying After Q1 Earnings, Sales Beat” published on June 01, 2018, Nasdaq.com published: “3 Potential Takeover Targets” on June 15, 2018. More interesting news about Lululemon Athletica Inc. (NASDAQ:LULU) were released by: Investorideas.com and their article: “lululemon athletica (NASDAQ: $LULU); Profits from Sales* on June 21 to Increase Access to #Yoga and Meditation …” published on June 18, 2018 as well as Nasdaq.com‘s news article titled: “Lululemon Athletica Inc. Is Getting Overextended After a Lulu of a Rally” with publication date: June 04, 2018.

Among 41 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 22 have Buy rating, 1 Sell and 18 Hold. Therefore 54% are positive. Lululemon Athletica Inc. had 214 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Outperform” rating given on Thursday, December 10 by Oppenheimer. On Monday, November 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by Nomura given on Thursday, March 31. The rating was maintained by Cowen & Co on Monday, August 21 with “Buy”. Credit Suisse upgraded the shares of LULU in report on Friday, October 16 to “Outperform” rating. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Neutral” rating by UBS on Thursday, October 22. The rating was maintained by Nomura on Thursday, March 30 with “Buy”. On Monday, August 7 the stock rating was maintained by RBC Capital Markets with “Buy”. Jefferies maintained it with “Hold” rating and $5600 target in Friday, June 2 report. The company was maintained on Friday, September 11 by Suntrust Robinson.

Since February 12, 2018, it had 0 insider buys, and 3 sales for $1.42 billion activity. Another trade for 17,935 shares valued at $2.17M was made by MUSSAFER DAVID M on Thursday, June 7. The insider Wilson Dennis J. sold 2.75 million shares worth $211.00M.

Analysts await WesBanco, Inc. (NASDAQ:WSBC) to report earnings on July, 18. They expect $0.73 EPS, up 21.67% or $0.13 from last year’s $0.6 per share. WSBC’s profit will be $34.00 million for 16.28 P/E if the $0.73 EPS becomes a reality. After $0.76 actual EPS reported by WesBanco, Inc. for the previous quarter, Wall Street now forecasts -3.95% negative EPS growth.

Among 8 analysts covering Wesbanco Inc. (NASDAQ:WSBC), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Wesbanco Inc. had 22 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital with “Hold” on Tuesday, November 14. On Monday, April 23 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by FBR Capital on Thursday, October 22 with “Mkt Perform”. The firm has “Buy” rating given on Thursday, April 19 by Stephens. The rating was maintained by FBR Capital with “Neutral” on Tuesday, June 19. The firm has “Mkt Perform” rating given on Thursday, October 27 by FBR Capital. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 3. The stock of WesBanco, Inc. (NASDAQ:WSBC) has “Neutral” rating given on Tuesday, August 11 by Macquarie Research. Keefe Bruyette & Woods maintained the shares of WSBC in report on Monday, February 26 with “Hold” rating. The rating was downgraded by Macquarie Research on Tuesday, November 22 to “Neutral”.

Lululemon Athletica Inc. (NASDAQ:LULU) Institutional Positions Chart

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