East Coast Asset Management Has Trimmed Colfax (CFX) Stake; Simmons First National Class A (SFNC) Shorts Decreased By 19%

February 18, 2018 - By Hazel Jackson

East Coast Asset Management Llc decreased Colfax Corp (CFX) stake by 37.91% reported in 2017Q3 SEC filing. East Coast Asset Management Llc sold 9,614 shares as Colfax Corp (CFX)’s stock rose 1.39%. The East Coast Asset Management Llc holds 15,744 shares with $656,000 value, down from 25,358 last quarter. Colfax Corp now has $4.10B valuation. The stock decreased 0.45% or $0.15 during the last trading session, reaching $33.29. About 965,231 shares traded or 9.89% up from the average. Colfax Corporation (NYSE:CFX) has risen 61.22% since February 18, 2017 and is uptrending. It has outperformed by 44.52% the S&P500.

Simmons First National Corporation Class A (NASDAQ:SFNC) had a decrease of 19% in short interest. SFNC’s SI was 1.27M shares in February as released by FINRA. Its down 19% from 1.56 million shares previously. With 319,600 avg volume, 4 days are for Simmons First National Corporation Class A (NASDAQ:SFNC)’s short sellers to cover SFNC’s short positions. The SI to Simmons First National Corporation Class A’s float is 4.38%. The stock increased 1.29% or $0.38 during the last trading session, reaching $29.5. About 1.21 million shares traded or 89.89% up from the average. Simmons First National Corporation (NASDAQ:SFNC) has risen 13.31% since February 18, 2017 and is uptrending. It has underperformed by 3.39% the S&P500.

Among 7 analysts covering Simmons First National (NASDAQ:SFNC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Simmons First National had 24 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has “Sell” rating by Sandler O’Neill on Tuesday, November 22. Stephens maintained it with “Buy” rating and $66.0 target in Tuesday, January 23 report. On Thursday, October 5 the stock rating was reinitiated by PiperJaffray with “Neutral”. Sandler O’Neill maintained the stock with “Hold” rating in Thursday, January 4 report. Stephens maintained the stock with “Buy” rating in Tuesday, August 15 report. The stock of Simmons First National Corporation (NASDAQ:SFNC) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Outperform” rating given on Wednesday, June 8 by Wood. Keefe Bruyette & Woods maintained the shares of SFNC in report on Monday, June 26 with “Hold” rating. The stock of Simmons First National Corporation (NASDAQ:SFNC) earned “Buy” rating by Sandler O’Neill on Wednesday, January 24. The stock of Simmons First National Corporation (NASDAQ:SFNC) earned “Hold” rating by Piper Jaffray on Thursday, November 16.

Since September 18, 2017, it had 1 insider purchase, and 7 sales for $11.49 million activity. $145,250 worth of Simmons First National Corporation (NASDAQ:SFNC) was bought by MAKRIS GEORGE JR. Another trade for 50,000 shares valued at $2.76M was sold by KIRKLAND CHRISTOPHER R. 10,000 shares valued at $587,700 were sold by Bryant Vernon Wilson Jr. on Friday, January 26.

Simmons First National Corporation operates as a bank holding firm for Simmons Bank that provides financial services to individuals and businesses. The company has market cap of $2.72 billion. The Company’s deposit products include time deposits, checking accounts, and savings accounts. It has a 18.68 P/E ratio. The firm provides commercial loans, commercial real estate loans, and agricultural loans to businesses; and consumer loans, student loans, credit card loans, and single-family residential real estate loans to individuals, as well as equipment and SBA lending.

Investors sentiment increased to 2.45 in 2017 Q3. Its up 0.86, from 1.59 in 2017Q2. It improved, as 8 investors sold Simmons First National Corporation shares while 25 reduced holdings. 19 funds opened positions while 62 raised stakes. 18.35 million shares or 7.56% more from 17.06 million shares in 2017Q2 were reported. Credit Suisse Ag stated it has 0% of its portfolio in Simmons First National Corporation (NASDAQ:SFNC). Piermont Capital Mgmt Incorporated reported 38,370 shares. Guggenheim Limited Liability Corp holds 0% or 10,502 shares in its portfolio. Brandywine Glob Inv Mngmt Ltd Liability Corporation has 0.02% invested in Simmons First National Corporation (NASDAQ:SFNC). Lsv Asset Mngmt holds 0% or 6,300 shares in its portfolio. Schroder Grp holds 0.03% or 346,011 shares in its portfolio. Public Sector Pension Inv Board has 0.01% invested in Simmons First National Corporation (NASDAQ:SFNC) for 20,313 shares. Argent Trust holds 7,293 shares or 0.12% of its portfolio. Bankshares Of America De owns 157,700 shares. The Texas-based Texas Permanent School Fund has invested 0.02% in Simmons First National Corporation (NASDAQ:SFNC). Fuller & Thaler Asset Management holds 0.44% or 616,809 shares. Aperio Gp Ltd Liability Company accumulated 6,460 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 952 shares. State Board Of Administration Of Florida Retirement invested in 19,867 shares or 0% of the stock. 30,050 are owned by Zebra Capital Mngmt Limited Liability Corp.

Among 20 analysts covering Colfax (NYSE:CFX), 12 have Buy rating, 3 Sell and 5 Hold. Therefore 60% are positive. Colfax had 63 analyst reports since July 27, 2015 according to SRatingsIntel. Seaport Global maintained the shares of CFX in report on Wednesday, February 7 with “Buy” rating. The company was maintained on Friday, February 3 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, May 25 by IBC. The firm has “Outperform” rating given on Friday, January 13 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, May 17 by BB&T Capital. The firm has “Equalweight” rating by Barclays Capital given on Wednesday, May 25. The stock of Colfax Corporation (NYSE:CFX) earned “Hold” rating by Oppenheimer on Friday, July 28. Citigroup maintained it with “Sell” rating and $40 target in Monday, October 9 report. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, December 19 report. The firm earned “Hold” rating on Tuesday, July 28 by Argus Research.

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