Snyders (LNCE) Stake Raised by Litespeed Management Llc; Hbk Sorce Advisory Has Lowered Its Position in Raytheon Co (RTN) by $444,540 as Share Price Rose

January 14, 2018 - By Marie Mckinney

Jamie Zimmerman increased its stake in Snyders (LNCE) by 9.01% based on its latest 2017Q3 regulatory filing with the SEC. Litespeed Management Llc bought 61,600 shares as the company’s stock declined 6.49% while stock markets rallied. The hedge fund run by Jamie Zimmerman held 745,000 shares of the consumer non-durables company at the end of 2017Q3, valued at $28.41 million, up from 683,400 at the end of the previous reported quarter. Litespeed Management Llc who had been investing in Snyders for a number of months, seems to be bullish on the $4.86B market cap company. The stock decreased 0.10% or $0.05 during the last trading session, reaching $50.02. About 1.54M shares traded or 47.16% up from the average. Snyder's-Lance, Inc. (NASDAQ:LNCE) has risen 22.79% since January 14, 2017 and is uptrending. It has outperformed by 6.09% the S&P500.

Hbk Sorce Advisory Llc decreased its stake in Raytheon Co (RTN) by 39.92% based on its latest 2017Q3 regulatory filing with the SEC. Hbk Sorce Advisory Llc sold 2,390 shares as the company’s stock rose 4.85% with the market. The institutional investor held 3,597 shares of the industrial machinery and components company at the end of 2017Q3, valued at $671,000, down from 5,987 at the end of the previous reported quarter. Hbk Sorce Advisory Llc who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $57.08 billion market cap company. The stock increased 2.13% or $4.11 during the last trading session, reaching $197.46. About 1.49M shares traded or 10.91% up from the average. Raytheon Company (NYSE:RTN) has risen 24.03% since January 14, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 69 analyst reports since July 28, 2015 according to SRatingsIntel. On Friday, July 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Raytheon Company (NYSE:RTN) earned “Outperform” rating by Bernstein on Monday, October 30. RBC Capital Markets maintained the shares of RTN in report on Sunday, October 8 with “Buy” rating. The rating was maintained by Citigroup with “Buy” on Monday, October 9. The rating was maintained by Deutsche Bank on Monday, December 5 with “Hold”. The firm earned “Buy” rating on Friday, June 23 by Jefferies. The stock of Raytheon Company (NYSE:RTN) has “Top Pick” rating given on Friday, October 23 by RBC Capital Markets. The rating was upgraded by UBS to “Buy” on Tuesday, September 29. Deutsche Bank maintained the stock with “Hold” rating in Friday, October 23 report. The stock of Raytheon Company (NYSE:RTN) earned “Outperform” rating by Robert W. Baird on Thursday, October 6.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.09, from 1.12 in 2017Q2. It increased, as 42 investors sold RTN shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. Cibc Mkts Inc holds 0.04% or 40,368 shares. 25 are owned by Alphamark Advisors Ltd Limited Liability Company. Massachusetts-based Contravisory Inv Management has invested 0% in Raytheon Company (NYSE:RTN). First Bank Trust Of Newtown reported 1,150 shares. Ameritas Inv Prtn has 6,619 shares. Hartford Invest Management Company stated it has 0.22% in Raytheon Company (NYSE:RTN). Proshare Advsr Ltd Liability Corp has invested 0.05% of its portfolio in Raytheon Company (NYSE:RTN). Old Mutual Customised Solutions (Proprietary) Limited has invested 0.13% in Raytheon Company (NYSE:RTN). Ledyard Savings Bank invested in 556 shares. Axa invested in 299,059 shares. 360 were reported by Perigon Wealth Mgmt Limited Liability. Bessemer Grp Inc Inc has invested 1.33% in Raytheon Company (NYSE:RTN). Finemark Retail Bank And invested in 46,722 shares. James Investment Incorporated invested 0.39% in Raytheon Company (NYSE:RTN). Blue Fincl invested in 1.57% or 13,730 shares.

Hbk Sorce Advisory Llc, which manages about $1.80B and $662.30M US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 7,073 shares to 63,271 shares, valued at $4.71 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (TIP) by 4,853 shares in the quarter, for a total of 8,951 shares, and has risen its stake in Vanguard Tax Managed Intl Fd (VEA).

Since August 14, 2017, it had 0 buys, and 4 selling transactions for $1.08 million activity. Shares for $149,378 were sold by Clark Vernon E. Shares for $690,304 were sold by Lawrence Taylor W. Another trade for 650 shares valued at $120,790 was made by Long Letitia A on Tuesday, January 2.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 25. They expect $2.03 earnings per share, up 7.98% or $0.15 from last year’s $1.88 per share. RTN’s profit will be $586.85 million for 24.32 P/E if the $2.03 EPS becomes a reality. After $1.97 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.05% EPS growth.

Among 9 analysts covering Snyder’s-Lance Inc (NASDAQ:LNCE), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Snyder’s-Lance Inc had 28 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Snyder's-Lance, Inc. (NASDAQ:LNCE) has “Buy” rating given on Friday, December 15 by Deutsche Bank. The company was maintained on Tuesday, October 3 by Jefferies. The stock of Snyder's-Lance, Inc. (NASDAQ:LNCE) earned “Buy” rating by BMO Capital Markets on Tuesday, June 13. BMO Capital Markets maintained the stock with “Outperform” rating in Wednesday, August 9 report. BB&T Capital downgraded the stock to “Hold” rating in Monday, September 28 report. As per Thursday, May 26, the company rating was initiated by KeyBanc Capital Markets. Deutsche Bank maintained Snyder's-Lance, Inc. (NASDAQ:LNCE) on Tuesday, October 6 with “Hold” rating. The firm has “Buy” rating given on Thursday, October 29 by Suntrust Robinson. Deutsche Bank initiated the stock with “Buy” rating in Wednesday, February 15 report. On Tuesday, June 27 the stock rating was maintained by Jefferies with “Buy”.

Investors sentiment decreased to 1.09 in 2017 Q3. Its down 0.55, from 1.64 in 2017Q2. It fall, as 22 investors sold LNCE shares while 58 reduced holdings. 31 funds opened positions while 56 raised stakes. 62.23 million shares or 1.86% less from 63.41 million shares in 2017Q2 were reported. Ny State Teachers Retirement Systems holds 0.01% or 130,170 shares. Waddell And Reed Financial has 0.21% invested in Snyder's-Lance, Inc. (NASDAQ:LNCE). White Pine Capital Limited Liability Company has invested 0% in Snyder's-Lance, Inc. (NASDAQ:LNCE). Gabelli Funds Ltd Limited Liability Company owns 1.09M shares. Champlain Investment Limited Liability Corporation has 2.67% invested in Snyder's-Lance, Inc. (NASDAQ:LNCE) for 5.93M shares. Patten Group accumulated 0% or 9 shares. Phocas Financial owns 212,721 shares. Moreover, Pub Employees Retirement Of Ohio has 0% invested in Snyder's-Lance, Inc. (NASDAQ:LNCE) for 4,384 shares. 432,542 are held by Royal Financial Bank Of Canada. Citadel Advsr Limited Liability Co stated it has 0% of its portfolio in Snyder's-Lance, Inc. (NASDAQ:LNCE). Moreover, Riverhead Cap Mgmt Limited Co has 0.01% invested in Snyder's-Lance, Inc. (NASDAQ:LNCE). Credit Suisse Ag holds 0% of its portfolio in Snyder's-Lance, Inc. (NASDAQ:LNCE) for 125,626 shares. Parametric Associates Lc stated it has 0% in Snyder's-Lance, Inc. (NASDAQ:LNCE). Ls Ltd Liability Corporation reported 0.01% stake. Torch Wealth Mngmt Ltd Liability Corporation reported 40,375 shares.

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