Tessco Technologies (TESS) Shareholder Tieton Capital Management Has Upped Position by $511,728; Central Securities Has Lifted Hess (HES) Holding by $11.04 Million; Shares Declined

January 14, 2018 - By Darrin Black

Tieton Capital Management Llc increased its stake in Tessco Technologies (TESS) by 15.46% based on its latest 2017Q3 regulatory filing with the SEC. Tieton Capital Management Llc bought 42,644 shares as the company’s stock rose 5.76% with the market. The institutional investor held 318,499 shares of the electronic components company at the end of 2017Q3, valued at $3.97M, up from 275,855 at the end of the previous reported quarter. Tieton Capital Management Llc who had been investing in Tessco Technologies for a number of months, seems to be bullish on the $178.04M market cap company. The stock increased 6.78% or $1.35 during the last trading session, reaching $21.25. About 20,995 shares traded. TESSCO Technologies Incorporated (NASDAQ:TESS) has risen 6.68% since January 14, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Central Securities Corp increased its stake in Hess Corp (HES) by 104.35% based on its latest 2017Q3 regulatory filing with the SEC. Central Securities Corp bought 240,000 shares as the company’s stock declined 5.45% while stock markets rallied. The institutional investor held 470,000 shares of the integrated oil company at the end of 2017Q3, valued at $22.04M, up from 230,000 at the end of the previous reported quarter. Central Securities Corp who had been investing in Hess Corp for a number of months, seems to be bullish on the $17.33 billion market cap company. The stock decreased 0.33% or $0.18 during the last trading session, reaching $54.54. About 3.68 million shares traded. Hess Corporation (NYSE:HES) has declined 14.55% since January 14, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Investors sentiment increased to 2.09 in 2017 Q3. Its up 0.49, from 1.6 in 2017Q2. It improved, as 3 investors sold TESS shares while 8 reduced holdings. 5 funds opened positions while 18 raised stakes. 4.83 million shares or 0.59% less from 4.86 million shares in 2017Q2 were reported. Acadian Asset Ltd Llc reported 12,906 shares. Nationwide Fund owns 0% invested in TESSCO Technologies Incorporated (NASDAQ:TESS) for 1,910 shares. Tower Rech Capital Lc (Trc) reported 2,081 shares or 0% of all its holdings. Northern Tru Corporation accumulated 65,081 shares or 0% of the stock. Ls Inv Advisors Limited Liability invested in 0% or 675 shares. Royal National Bank Of Canada invested in 0.01% or 886,288 shares. Mufg Americas Corporation invested in 247 shares. Crawford Investment Counsel holds 0.04% or 106,276 shares. North Carolina-based Savings Bank Of America Corporation De has invested 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). The Massachusetts-based Panagora Asset Mngmt has invested 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). Manufacturers Life Insur The owns 76 shares or 0% of their US portfolio. Geode Management Limited accumulated 34,764 shares. Blackrock stated it has 311,720 shares or 0% of all its holdings. Brandywine Glob Investment Mgmt Ltd Limited Liability Company has 0% invested in TESSCO Technologies Incorporated (NASDAQ:TESS). Morgan Stanley reported 0% stake.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 3 Sell and 10 Hold. Therefore 41% are positive. Hess Corp. had 56 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Monday, September 25 by Cowen & Co. JP Morgan downgraded the stock to “Neutral” rating in Thursday, September 14 report. The stock has “Equal-Weight” rating by Capital One on Wednesday, April 27. The firm has “Sell” rating given on Friday, December 15 by J.P. Morgan. The company was maintained on Thursday, October 5 by Piper Jaffray. BMO Capital Markets maintained the stock with “Hold” rating in Friday, June 16 report. Morgan Stanley maintained Hess Corporation (NYSE:HES) on Wednesday, October 18 with “Equal-Weight” rating. The firm has “Hold” rating by BMO Capital Markets given on Thursday, January 11. The firm earned “Equal-Weight” rating on Tuesday, January 12 by Morgan Stanley. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, July 22 report.

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