As Zendesk (ZEN) Market Valuation Rose, Ems Capital LP Lifted Holding by $13.86 Million; Ferro (FOE) Shares Declined While Argent Capital Management Decreased Holding by $886,880

May 18, 2018 - By Adrian Mccoy

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Edmond M. Safra increased its stake in Zendesk Inc (ZEN) by 35% based on its latest 2017Q4 regulatory filing with the SEC. Ems Capital Lp bought 420,000 shares as the company’s stock rose 41.13% while stock markets declined. The hedge fund run by Edmond M. Safra held 1.62M shares of the technology company at the end of 2017Q4, valued at $54.82M, up from 1.20M at the end of the previous reported quarter. Ems Capital Lp who had been investing in Zendesk Inc for a number of months, seems to be bullish on the $5.93 billion market cap company. The stock increased 2.83% or $1.56 during the last trading session, reaching $56.67. About 334,782 shares traded. Zendesk, Inc. (NYSE:ZEN) has risen 74.58% since May 18, 2017 and is uptrending. It has outperformed by 63.03% the S&P500.

Argent Capital Management Llc decreased its stake in Ferro Corporation (FOE) by 20.47% based on its latest 2017Q4 regulatory filing with the SEC. Argent Capital Management Llc sold 38,560 shares as the company’s stock declined 0.43% with the market. The institutional investor held 149,845 shares of the paints and coatings company at the end of 2017Q4, valued at $3.52 million, down from 188,405 at the end of the previous reported quarter. Argent Capital Management Llc who had been investing in Ferro Corporation for a number of months, seems to be less bullish one the $1.80B market cap company. The stock decreased 0.70% or $0.15 during the last trading session, reaching $21.33. About 157,760 shares traded. Ferro Corporation (NYSE:FOE) has risen 57.96% since May 18, 2017 and is uptrending. It has outperformed by 46.41% the S&P500.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.12, from 1 in 2017Q3. It turned negative, as 15 investors sold FOE shares while 75 reduced holdings. 29 funds opened positions while 50 raised stakes. 78.76 million shares or 3.00% less from 81.19 million shares in 2017Q3 were reported. 41,390 were reported by Susquehanna Group Ltd Liability Partnership. Pdts Ptnrs Limited Liability invested in 183,784 shares. State Board Of Administration Of Florida Retirement System invested 0% of its portfolio in Ferro Corporation (NYSE:FOE). Advisory Lc owns 0% invested in Ferro Corporation (NYSE:FOE) for 223 shares. Highlander Mgmt Ltd Liability, New Jersey-based fund reported 35,000 shares. Metropolitan Life Ins Co holds 26,659 shares. Manufacturers Life Insur The reported 63,486 shares. Howe Rusling accumulated 0% or 507 shares. Driehaus Capital Llc holds 0.3% or 333,340 shares. Clarivest Asset Management Lc stated it has 97,174 shares. Invesco Limited invested 0% in Ferro Corporation (NYSE:FOE). Marshall Wace Llp reported 0.01% in Ferro Corporation (NYSE:FOE). Jennison Assocs Limited holds 3.82 million shares or 0.09% of its portfolio. Skyline Asset Mgmt Lp reported 1.24M shares. Cookson Peirce stated it has 0.28% of its portfolio in Ferro Corporation (NYSE:FOE).

Argent Capital Management Llc, which manages about $2.51 billion and $2.90B US Long portfolio, upped its stake in Quanta Services Inc. (NYSE:PWR) by 58,980 shares to 118,165 shares, valued at $4.55 million in 2017Q4, according to the filing. It also increased its holding in Cognizant Technology Solutions (NASDAQ:CTSH) by 6,920 shares in the quarter, for a total of 871,540 shares, and has risen its stake in Daseke Inc..

Since December 12, 2017, it had 0 buys, and 6 selling transactions for $1.98 million activity. The insider Duesenberg Mark Hugo sold $430,000. 12,000 Ferro Corporation (NYSE:FOE) shares with value of $280,413 were sold by Barna James.

Analysts await Ferro Corporation (NYSE:FOE) to report earnings on July, 25. They expect $0.45 EPS, up 21.62% or $0.08 from last year’s $0.37 per share. FOE’s profit will be $37.97 million for 11.85 P/E if the $0.45 EPS becomes a reality. After $0.36 actual EPS reported by Ferro Corporation for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

More news for Ferro Corporation (NYSE:FOE) were recently published by: Seekingalpha.com, which released: “Ferro up 3% on Q1 results, reaffirms guidance” on May 02, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Cerus, Health Insurance Innovations, Tetra Tech, Ferro, Dril-Quip, and MSC …” and published on May 15, 2018 is yet another important article.

Among 8 analysts covering Ferro (NYSE:FOE), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ferro had 15 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Ferro Corporation (NYSE:FOE) has “Buy” rating given on Monday, June 5 by Longbow. Oppenheimer initiated it with “Outperform” rating and $16 target in Wednesday, September 23 report. On Monday, March 5 the stock rating was maintained by Northcoast with “Buy”. KeyBanc Capital Markets maintained the shares of FOE in report on Thursday, October 12 with “Buy” rating. On Wednesday, August 12 the stock rating was initiated by Global Hunter Securities with “Accumulate”. As per Tuesday, March 27, the company rating was initiated by BMO Capital Markets. The company was upgraded on Wednesday, January 13 by Seaport Global. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, September 1 report. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, November 10. The firm has “Buy” rating given on Monday, July 31 by Deutsche Bank.

Ferro Corporation (NYSE:FOE) Institutional Positions Chart

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