Wynnefield Capital Raised Position in New York & Co (NWY); Garmin Ord (GRMN) Shareholder Canal Insurance Company Has Cut Position by $336,400

June 15, 2018 - By wolcottdaily

Garmin Ltd. (NASDAQ:GRMN) Logo

Nelson Obus increased its stake in New York & Co (NWY) by 178.98% based on its latest 2018Q1 regulatory filing with the SEC. Wynnefield Capital Inc bought 465,000 shares as the company’s stock rose 43.12% while stock markets declined. The hedge fund run by Nelson Obus held 724,805 shares of the consumer services company at the end of 2018Q1, valued at $2.45 million, up from 259,805 at the end of the previous reported quarter. Wynnefield Capital Inc who had been investing in New York & Co for a number of months, seems to be bullish on the $268.84M market cap company. The stock increased 0.36% or $0.02 during the last trading session, reaching $4.2. About 61,333 shares traded. New York & Company, Inc. (NYSE:NWY) has risen 174.31% since June 15, 2017 and is uptrending. It has outperformed by 161.74% the S&P500. Some Historical NWY News: 27/03/2018 – New York & Company, Inc. Announces Participation in Cowen & Company Annual Future of the Consumer Conference; 24/05/2018 – New York & Co Reports a Comparable Store Sales Increase of 2.7%; 22/03/2018 – New York & Co 4Q EPS 7c; 24/05/2018 – NEW YORK & COMPANY – QTRLY COMPARABLE STORE SALES INCREASED 2.7 PCT

Canal Insurance Company decreased its stake in Garmin Ord (GRMN) by 13.71% based on its latest 2018Q1 regulatory filing with the SEC. Canal Insurance Company sold 5,800 shares as the company’s stock declined 0.15% with the market. The institutional investor held 36,500 shares of the industrial machinery and components company at the end of 2018Q1, valued at $2.15M, down from 42,300 at the end of the previous reported quarter. Canal Insurance Company who had been investing in Garmin Ord for a number of months, seems to be less bullish one the $11.54B market cap company. The stock decreased 0.34% or $0.21 during the last trading session, reaching $61.2. About 341,665 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 16.28% since June 15, 2017 and is uptrending. It has outperformed by 3.71% the S&P500. Some Historical GRMN News: 15/05/2018 – Squarepoint Ops Adds Garmin, Exits IBM, Buys More Lululemon: 13F; 23/05/2018 – Garmin® introduces the G3000H integrated flight deck to the Part 27 VFR/IFR turbine helicopter market; 04/05/2018 – Garmin Conference Call Scheduled By Aliya Capital for May. 11; 06/03/2018 – GARMIN INTERNATIONAL – FLIGHT PLANS MAY BE TRANSFERRED FROM FLTPLAN GO TO GARMIN PILOT APPLICATION FOR IOS AND ANDROID USERS; 02/05/2018 – GARMIN RMAINTAINS 2018 FORECAST FOR REVENUE, PRO FORMA EPS; 08/03/2018 – GARMIN – ANNOUNCED TACTIX CHARLIE, A GPS WEARABLE THAT COMBINES TACTICAL FUNCTIONALITY WITH NAVIGATION AND FITNESS TRAINING; 18/04/2018 – The Varia™ RTL510 rearview radar from Garmin® helps cyclists stand out, day or night and on any ride; 16/05/2018 – Wirecard Joins Forces With Garmin® to Provide Garmin Smartwatch Owners a Fully Digital Payment Experience Through Its Flagship Product boon; 02/05/2018 – Garmin Backs FY18 Rev $3.2B; 02/05/2018 – GARMIN 1Q ADJ EPS 68C, EST. 56C

Since April 6, 2018, it had 1 insider purchase, and 1 sale for $298,517 activity. REINER ARTHUR E had sold 75,000 shares worth $312,083 on Friday, April 6.

Investors sentiment increased to 1.59 in Q1 2018. Its up 0.54, from 1.05 in 2017Q4. It improved, as 1 investors sold NWY shares while 16 reduced holdings. 13 funds opened positions while 14 raised stakes. 20.90 million shares or 1.00% less from 21.11 million shares in 2017Q4 were reported. Virtu Ltd Liability reported 17,543 shares. California Public Employees Retirement reported 176,000 shares. Penbrook Mngmt Limited Liability has invested 0.93% in New York & Company, Inc. (NYSE:NWY). Prelude Capital Management Llc invested in 0% or 2,984 shares. Citigroup has 500 shares for 0% of their portfolio. Bridgeway Mngmt has invested 0.03% in New York & Company, Inc. (NYSE:NWY). Morgan Stanley has 14,537 shares for 0% of their portfolio. 3,323 were reported by Sei Com. Deutsche State Bank Ag reported 0% in New York & Company, Inc. (NYSE:NWY). 33,982 were reported by Bluecrest Cap Management Limited. Geode Capital Limited Company accumulated 158,300 shares. Citadel Advisors Limited Liability Corporation reported 12,769 shares. Signia Capital Mngmt Ltd Llc owns 2.63M shares or 9.03% of their US portfolio. Verition Fund Mngmt Limited Liability Corporation, a Connecticut-based fund reported 11,820 shares. Neuberger Berman Gp Ltd stated it has 977,648 shares or 0% of all its holdings.

More notable recent New York & Company, Inc. (NYSE:NWY) news were published by: Seekingalpha.com which released: “New York & Company, Inc. (NWY) CEO Greg Scott on Q1 2018 Results – Earnings Call Transcript” on May 25, 2018, also Seekingalpha.com with their article: “New York & Company issues spring season guidance” published on May 25, 2018, Streetinsider.com published: “After-Hours Stock Movers 05/24: (VTGN) (NWY) (CAVM) Higher; (ZOES) (BGSF) (EGHT) Lower (more…)” on May 24, 2018. More interesting news about New York & Company, Inc. (NYSE:NWY) were released by: Globenewswire.com and their article: “Factors of Influence in 2018, Key Indicators and Opportunity within CNH Industrial NV, Sanofi, New York, Nabors …” published on June 08, 2018 as well as Businesswire.com‘s news article titled: “New York & Company, Inc. Announces Participation in Stifel 2018 Cross Sector Insight Conference” with publication date: June 04, 2018.

Among 2 analysts covering New York & Company (NYSE:NWY), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. New York & Company had 4 analyst reports since August 15, 2015 according to SRatingsIntel. The firm has “Buy” rating by Wunderlich given on Saturday, August 15. Wunderlich downgraded it to “Hold” rating and $2.25 target in Friday, May 20 report. Roth Capital initiated New York & Company, Inc. (NYSE:NWY) rating on Monday, April 2. Roth Capital has “Buy” rating and $4.5000 target. As per Tuesday, August 25, the company rating was downgraded by Zacks.

Investors sentiment decreased to 0.79 in 2018 Q1. Its down 0.29, from 1.08 in 2017Q4. It turned negative, as 28 investors sold GRMN shares while 142 reduced holdings. 48 funds opened positions while 86 raised stakes. 71.26 million shares or 1.45% less from 72.31 million shares in 2017Q4 were reported. Grantham Mayo Van Otterloo stated it has 93,800 shares or 0.03% of all its holdings. Pinebridge Invests LP has 0.01% invested in Garmin Ltd. (NASDAQ:GRMN) for 10,055 shares. Asset Mngmt accumulated 77,612 shares. Zacks Inv Mngmt stated it has 15,626 shares. Wisconsin-based Heartland Advsrs Inc has invested 0.01% in Garmin Ltd. (NASDAQ:GRMN). Guggenheim Capital Limited Liability reported 601,679 shares. Deutsche Bancorporation Ag has invested 0.05% in Garmin Ltd. (NASDAQ:GRMN). Axa accumulated 20,200 shares. 25,879 are held by Stadion Money Lc. Wellington Grp Limited Liability Partnership accumulated 83,322 shares. 5,900 were reported by Riverhead Management Limited Liability Com. Century reported 0.03% stake. Orrstown Financial Svcs Incorporated holds 26 shares or 0% of its portfolio. Fincl Bank Of Montreal Can reported 241,523 shares. Mackenzie Fincl Corp holds 209,100 shares.

Since February 15, 2018, it had 0 insider buys, and 20 selling transactions for $194.64 million activity. KAO MIN H sold $9.32M worth of stock or 151,218 shares. Huang Pao-Chang had sold 4,800 shares worth $289,776 on Thursday, March 15. Another trade for 3,924 shares valued at $232,944 was sold by ELLER DONALD. 36,208 shares valued at $2.35M were sold by PEMBLE CLIFTON A on Thursday, February 15. $92,397 worth of Garmin Ltd. (NASDAQ:GRMN) shares were sold by Bartel Danny J. Peffer Charles also sold $599,708 worth of Garmin Ltd. (NASDAQ:GRMN) shares.

Among 16 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 9 Hold. Therefore 19% are positive. Garmin Ltd. had 33 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, February 22 by Robert W. Baird. The stock has “Neutral” rating by Sterne Agee CRT on Tuesday, September 29. As per Thursday, October 15, the company rating was maintained by RBC Capital Markets. On Thursday, February 18 the stock rating was maintained by Credit Suisse with “Underperform”. As per Wednesday, November 1, the company rating was maintained by KeyBanc Capital Markets. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, November 2 report. The stock has “Neutral” rating by Citigroup on Thursday, October 29. Tigress Financial maintained the stock with “Buy” rating in Friday, December 15 report. The stock of Garmin Ltd. (NASDAQ:GRMN) has “Underperform” rating given on Thursday, August 4 by Bank of America. The stock has “Underperform” rating by Credit Suisse on Monday, January 18.

New York & Company, Inc. (NYSE:NWY) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>