Alphaone Investment Services Continues to Hold Position in At&T (T); Cortina Asset Management Has Trimmed K2m Group Holdings (KTWO) Position by $3.49 Million

August 12, 2018 - By Mary Kidd

K2M Group Holdings, Inc. (NASDAQ:KTWO) Logo

Alphaone Investment Services Llc increased its stake in At&T Inc (T) by 328.2% based on its latest 2018Q1 regulatory filing with the SEC. Alphaone Investment Services Llc bought 13,046 shares as the company’s stock declined 13.21% with the market. The institutional investor held 17,021 shares of the telecommunications equipment company at the end of 2018Q1, valued at $607,000, up from 3,975 at the end of the previous reported quarter. Alphaone Investment Services Llc who had been investing in At&T Inc for a number of months, seems to be bullish on the $234.27B market cap company. The stock decreased 0.71% or $0.23 during the last trading session, reaching $32.26. About 21.48 million shares traded. AT&T Inc. (NYSE:T) has declined 14.96% since August 12, 2017 and is downtrending. It has underperformed by 27.53% the S&P500. Some Historical T News: 14/05/2018 – Democratic senators demand answers from AT&T and Novartis about payments to Trump lawyer Cohen’s company; 19/04/2018 – US OPPOSES AT&T MOVE TO DISMISS DIRECTV FROM TIME WARNER SUIT; 07/03/2018 – Atlanta Bus Chrn: CBRE frontrunner to win leasing assignment for Icahn’s AT&T tower; 15/05/2018 – AT&T INC – EXPECTS A RULING ON JUNE 12 IN SUIT BROUGHT AGAINST CO, TIME WARNER BY U.S. DEPARTMENT OF JUSTICE; 16/04/2018 – Moody’s changes outlook on WPP to negative; affirms Baa2 rating; 09/05/2018 – AT&T Says It Hired Cohen for Trump’s Views on Tax, Antitrust; 29/04/2018 – T-Mobile seals blockbuster merger deal with Sprint, creating a ‘fierce competitor’ to AT&T, Verizon; 11/05/2018 – ♫ Reuters Insider – Trading at Noon: AT&T CEO calls hiring Michael Cohen a “big mistake”; 06/03/2018 – TAIWAN’S FORMOSA PETROCHEMICAL 6505.TW SAYS FEB SALES AT T$58.6 BLN; 10/05/2018 – AT&T deal with Cohen specified providing advice on Time Warner merger -Post

Cortina Asset Management Llc decreased its stake in K2m Group Holdings Inc (KTWO) by 12.51% based on its latest 2018Q1 regulatory filing with the SEC. Cortina Asset Management Llc sold 194,057 shares as the company’s stock rose 11.38% while stock markets declined. The institutional investor held 1.36M shares of the health care company at the end of 2018Q1, valued at $25.71M, down from 1.55 million at the end of the previous reported quarter. Cortina Asset Management Llc who had been investing in K2m Group Holdings Inc for a number of months, seems to be less bullish one the $909.03 million market cap company. The stock decreased 0.48% or $0.1 during the last trading session, reaching $20.85. About 163,572 shares traded. K2M Group Holdings, Inc. (NASDAQ:KTWO) has risen 0.31% since August 12, 2017 and is uptrending. It has underperformed by 12.26% the S&P500. Some Historical KTWO News: 27/04/2018 – Consolidated Research: 2018 Summary Expectations for Kinsale Capital Group, K2M Group, PriceSmart, Arlington Asset Investment,; 09/05/2018 – Bellevue Group AG Buys New 1.5% Position in K2M; 01/05/2018 – K2M Group Holdings Sees FY Rev $283M-$287M; 01/05/2018 – K2M Group Holdings Had Seen FY Rev $280M-$284M; 16/05/2018 – K2M Announces US Launch of First-to-Market 3D-Printed Expandable lnterbody MOJAVE™ PL 3D Expandable Featuring Lamellar 3D Titanium Technology™; 29/03/2018 – K2M Names Lane Major Chief Operating Officer; 16/05/2018 – K2M Announces US Launch of First-to-Market 3D-Printed Expandable Interbody MOJAVE™ PL 3D Expandable Featuring Lamellar 3D Ti; 01/05/2018 – K2M Group Holdings 1Q Rev $67.9M; 15/03/2018 – K2M Closes Above 50-Day Moving Average: Technicals; 30/05/2018 – K2M Receives FDA Clearance for BACS(R) Patient-Specific Module

Cortina Asset Management Llc, which manages about $2.83B and $2.04B US Long portfolio, upped its stake in Neogenomics Inc (NASDAQ:NEO) by 42,907 shares to 737,856 shares, valued at $6.02 million in 2018Q1, according to the filing. It also increased its holding in Red Robin Gourmet Burgers (NASDAQ:RRGB) by 44,774 shares in the quarter, for a total of 110,487 shares, and has risen its stake in Career Education Corp (NASDAQ:CECO).

More important recent K2M Group Holdings, Inc. (NASDAQ:KTWO) news were published by: Seekingalpha.com which released: “K2M Group Holdings, Inc. (KTWO) CEO Eric Major on Q2 2018 Results – Earnings Call Transcript” on August 02, 2018, also Seekingalpha.com published article titled: “K2M Gets A Boost From A Stronger Spine Market”, Globenewswire.com published: “Detailed Research: Economic Perspectives on IDEX, Worthington Industries, Duke Energy, K2M Group, GAIN Capital …” on August 06, 2018. More interesting news about K2M Group Holdings, Inc. (NASDAQ:KTWO) was released by: Nasdaq.com and their article: “K2M Enhances CASCADIAâ„¢ Lateral 3D Interbody System Featuring Lamellar 3D Titanium Technologyâ„¢ Following …” with publication date: July 17, 2018.

Analysts await K2M Group Holdings, Inc. (NASDAQ:KTWO) to report earnings on November, 7. They expect $-0.17 earnings per share, up 15.00% or $0.03 from last year’s $-0.2 per share. After $-0.25 actual earnings per share reported by K2M Group Holdings, Inc. for the previous quarter, Wall Street now forecasts -32.00% EPS growth.

Among 12 analysts covering K2M Group Holdings (NASDAQ:KTWO), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. K2M Group Holdings had 36 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, December 4 the stock rating was downgraded by Wells Fargo to “Market Perform”. UBS initiated the shares of KTWO in report on Tuesday, September 22 with “Buy” rating. Piper Jaffray maintained it with “Overweight” rating and $29 target in Thursday, August 27 report. Oppenheimer maintained K2M Group Holdings, Inc. (NASDAQ:KTWO) on Tuesday, July 11 with “Buy” rating. UBS maintained K2M Group Holdings, Inc. (NASDAQ:KTWO) rating on Tuesday, October 10. UBS has “Buy” rating and $24 target. Needham maintained K2M Group Holdings, Inc. (NASDAQ:KTWO) on Tuesday, January 9 with “Buy” rating. The rating was maintained by Oppenheimer on Thursday, June 22 with “Buy”. On Tuesday, July 19 the stock rating was initiated by Oppenheimer with “Outperform”. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, August 20 report. The rating was initiated by JMP Securities on Friday, April 8 with “Market Outperform”.

Investors sentiment increased to 0.92 in 2018 Q1. Its up 0.01, from 0.91 in 2017Q4. It is positive, as 76 investors sold T shares while 695 reduced holdings. 122 funds opened positions while 585 raised stakes. 3.08 billion shares or 0.35% less from 3.09 billion shares in 2017Q4 were reported. 54,098 are held by Woodstock Corp. Novare Mngmt Limited Company holds 264,798 shares. Gilman Hill Asset Lc reported 0.15% stake. Advisor Prtn Llc accumulated 128,096 shares. Franklin Street Advsr Nc reported 47,063 shares. First Amer Fincl Bank holds 0.45% or 168,420 shares in its portfolio. Trust Department Mb Bancorporation N A, Illinois-based fund reported 111,480 shares. Boston Common Asset Management Lc has 0.2% invested in AT&T Inc. (NYSE:T). Raymond James Ser Advsr accumulated 3.16M shares or 0.65% of the stock. Salem Inc owns 71,232 shares. Trustmark Comml Bank Department invested in 122,189 shares. Fifth Third Commercial Bank holds 0.47% or 1.93 million shares in its portfolio. Reliance Tru holds 4.52% or 6,129 shares. National Ins Tx stated it has 0.98% of its portfolio in AT&T Inc. (NYSE:T). Private Ocean Ltd Liability Com owns 16,220 shares or 0.28% of their US portfolio.

Among 36 analysts covering AT&T Inc. (NYSE:T), 14 have Buy rating, 3 Sell and 19 Hold. Therefore 39% are positive. AT&T Inc. had 92 analyst reports since July 27, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of T in report on Wednesday, September 27 with “Equal-Weight” rating. Robert W. Baird maintained it with “Outperform” rating and $42 target in Wednesday, October 25 report. As per Wednesday, June 13, the company rating was upgraded by Oppenheimer. Jefferies maintained it with “Buy” rating and $4800 target in Tuesday, July 18 report. Buckingham Research downgraded the stock to “Neutral” rating in Friday, June 24 report. Scotia Capital maintained the shares of T in report on Friday, April 20 with “Hold” rating. The firm has “Hold” rating by Cowen & Co given on Thursday, February 1. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, January 26. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, January 26. The rating was maintained by KeyBanc Capital Markets on Tuesday, January 2 with “Sector Weight”.

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