Edgewood Management Has Increased Its Nike (NKE) Stake; ARB CORPORATION LTD ORDINARY SHARES (ARBFF) Shorts Lowered By 19.02%

May 23, 2018 - By Louis Casey

ARB Corporation Limited (OTCMKTS:ARBFF) Logo

ARB CORPORATION LTD ORDINARY SHARES (OTCMKTS:ARBFF) had a decrease of 19.02% in short interest. ARBFF’s SI was 167,800 shares in May as released by FINRA. Its down 19.02% from 207,200 shares previously. The SI to ARB CORPORATION LTD ORDINARY SHARES’s float is 0.25%. It closed at $16.24 lastly. It is down 0.00% since May 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Edgewood Management Llc increased Nike Inc (NKE) stake by 2.24% reported in 2017Q4 SEC filing. Edgewood Management Llc acquired 319,083 shares as Nike Inc (NKE)’s stock rose 4.55%. The Edgewood Management Llc holds 14.56M shares with $911.04M value, up from 14.25 million last quarter. Nike Inc now has $114.98 billion valuation. The stock increased 0.04% or $0.03 during the last trading session, reaching $71.34. About 6.75 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since May 23, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

ARB Corporation Limited designs, manufactures, distributes, and sells motor vehicle accessories and light metal engineering works in Australia, the United States, Thailand, the Middle East, and Europe. The company has market cap of $1.30 billion. The firm provides protection equipment, including bull bars and frontal protection, side rails and protection steps, rear protection equipment, and under vehicle protection products; recovery equipment, such as warn winches, bushranger winches, smittybilt winches, recovery points, straps and accessories, jacks and accessories, recovery kits and bags, and other recovery essentials. It currently has negative earnings. It also offers nitrocharger sports, springs, and steering and hardware products; vehivle lighting products comprising LED light bars and driving lights, and IPF lighting products and accessories; Canopies and Ute Lids, sport lids, and sportguard Ute liners; roof racks and roof bars; and drawers and cargo barriers; and batteries, auxiliary battery kits, battery management products, and solar products.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 16 Hold. Therefore 59% are positive. Nike Inc. had 235 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, June 30 by FBR Capital. The firm earned “Market Perform” rating on Tuesday, May 10 by Wells Fargo. On Wednesday, June 1 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The firm has “Perform” rating given on Tuesday, October 25 by Oppenheimer. The firm has “Buy” rating by Buckingham Research given on Thursday, February 15. On Wednesday, September 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating by Barclays Capital given on Monday, June 19. Citigroup maintained the shares of NKE in report on Tuesday, December 19 with “Buy” rating. The rating was maintained by Citigroup on Wednesday, June 29 with “Buy”. The firm earned “Buy” rating on Friday, September 25 by Jefferies.

Since December 11, 2017, it had 0 insider buys, and 9 selling transactions for $49.31 million activity. On Tuesday, January 2 the insider Slusher John F sold $7.94M. 100,000 shares were sold by EDWARDS TREVOR A, worth $6.85 million. PARKER MARK G sold $8.78 million worth of stock or 135,000 shares. Another trade for 10,000 shares valued at $620,000 was sold by Matheson Monique S.. 100,000 shares were sold by SPRUNK ERIC D, worth $6.77 million.

Edgewood Management Llc decreased Intuitive Surgical Inc (NASDAQ:ISRG) stake by 585,515 shares to 2.31 million valued at $843.96M in 2017Q4. It also reduced Apple Inc (NASDAQ:AAPL) stake by 3,113 shares and now owns 166,229 shares. 3M Co (NYSE:MMM) was reduced too.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Seekingalpha.com which released: “Nike breaks to new all-time high” on May 16, 2018, also Investorplace.com with their article: “Why Allbirds Isn’t a Threat to Nike and Other Shoe Makers” published on May 23, 2018, Investorplace.com published: “Grab Foot Locker, Inc. Stock on Its Way Above the $50 Mark” on May 23, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Bizjournals.com and their article: “Nike stock hits all-time high” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Trade War Relief Rally – Cramer’s Mad Money (5/21/18)” with publication date: May 22, 2018.

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.06, from 0.8 in 2017Q3. It is negative, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Court Place Advisors Ltd holds 0.33% or 12,927 shares. Lenox Wealth Advisors Inc accumulated 868 shares or 0.02% of the stock. 3,172 are held by Dubuque Fincl Bank And. Torray Llc holds 234,583 shares or 1.45% of its portfolio. Bridgecreek Inv Management Ltd Liability reported 0.08% stake. Telemus Limited Liability holds 0.14% or 28,041 shares in its portfolio. Ahl Prns Ltd Liability Partnership has 0.08% invested in NIKE, Inc. (NYSE:NKE). Burt Wealth, a Maryland-based fund reported 14,595 shares. Oppenheimer & Inc holds 0.1% or 60,738 shares. Bright Rock Llc has invested 1.53% in NIKE, Inc. (NYSE:NKE). Burney Com holds 0.09% of its portfolio in NIKE, Inc. (NYSE:NKE) for 26,722 shares. Advsr Asset has invested 0.11% in NIKE, Inc. (NYSE:NKE). 12,863 were reported by Montag Caldwell Limited Liability. Wellington Mngmt Group Llp holds 48.22 million shares or 0.67% of its portfolio. Huntington Steele Limited Liability Corporation invested in 0.13% or 7,956 shares.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart

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