Guardian Life Insurance Company Of America Cut Its Holding in Apple (AAPL) as Stock Rose; Turtle Creek Asset Management Position in Middleby (MIDD) Has Raised by $5.53 Million

August 12, 2018 - By Palma Niemeyer

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Turtle Creek Asset Management Inc increased its stake in Middleby Corp (MIDD) by 8.72% based on its latest 2018Q1 regulatory filing with the SEC. Turtle Creek Asset Management Inc bought 44,950 shares as the company’s stock declined 20.66% with the market. The institutional investor held 560,650 shares of the industrial machinery and components company at the end of 2018Q1, valued at $69.40 million, up from 515,700 at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Middleby Corp for a number of months, seems to be bullish on the $6.48B market cap company. The stock decreased 0.61% or $0.71 during the last trading session, reaching $116.3. About 542,729 shares traded. The Middleby Corporation (NASDAQ:MIDD) has declined 19.06% since August 12, 2017 and is downtrending. It has underperformed by 31.63% the S&P500. Some Historical MIDD News: 09/05/2018 – MIDDLEBY – ANTICIPATE REVENUES AT FOOD PROCESSING EQUIPMENT GROUP WILL BE IMPACTED FOR UPCOMING QUARTERS DUE TO DELAY IN A NUMBER OF LARGER PROJECTS; 18/05/2018 – Middleby: Taylor Had 2017 Rev of About $315M; 26/03/2018 – MIDDLEBY BUYS VE.MA.C. SRL; 18/05/2018 – Middleby: Taylor Deal Will Enhance Prsence in Beverage, Frozen Dessert and Grilling Sectors; 18/05/2018 – Middleby to Buy Taylor From United Technlogies Unit UTC Climate, Controls & Securit; 20/04/2018 – Middleby Acquires Josper S.A; 03/04/2018 – Middleby Acquires For Firex Srl; 26/03/2018 – Middleby Acquires Ve.Ma.C. Srl; 21/05/2018 – Middleby at Tour Hosted By CL King Today; 16/04/2018 – MIDDLEBY BUYS JOETAP, NITRO BREW COFFEE SYSTEMS

Guardian Life Insurance Company Of America decreased its stake in Apple Inc (AAPL) by 29.35% based on its latest 2018Q1 regulatory filing with the SEC. Guardian Life Insurance Company Of America sold 4,910 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 11,817 shares of the computer manufacturing company at the end of 2018Q1, valued at $1.98M, down from 16,727 at the end of the previous reported quarter. Guardian Life Insurance Company Of America who had been investing in Apple Inc for a number of months, seems to be less bullish one the $ market cap company. The stock decreased 0.30% or $0.62 during the last trading session, reaching $207.53. About 22.84M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since August 12, 2017 and is uptrending. It has outperformed by 9.99% the S&P500. Some Historical AAPL News: 27/03/2018 – Apple Updates Entry-Level 9.7-Inch iPad With Pencil-Stylus Functionality; 26/03/2018 – Apple chief Tim Cook said “well-crafted” regulation was required; 30/05/2018 – Engadget: Apple Music sets up publishing division as it chases down Spotify; 29/03/2018 – Apple released iOS 11.3 on Thursday, which includes new features; 09/04/2018 – APPLE – IPHONE 8, IPHONE 8 PLUS RED SPECIAL EDITION TO BE AVAILABLE IN 64GB AND 256GB MODELS STARTING AT APPLE RETAIL PRICE OF $699 FROM APPLE.COM; 29/03/2018 – Apple announced on Thursday that it has expanded its health records product to 40 health systems and 300 hospitals, and it’s opening it up to all iOS users; 21/05/2018 – Comcast’s lush new storefronts are reminiscent of Apple Stores; 20/04/2018 – APPLE SAYS NOT A SAFETY ISSUE AND WILL REPLACE ELIGIBLE BATTERIES, FREE OF CHARGE- APPLE SUPPORT PAGE; 28/05/2018 – Display Makers Dip on Report Apple OLED Shift in 2019 (Correct); 24/04/2018 – IRISH TAXPAYER WON’T BE ON HOOK FOR ANY APPLE LOSSES: FIN MIN

More notable recent The Middleby Corporation (NASDAQ:MIDD) news were published by: Seekingalpha.com which released: “6 Reasons To Buy Middleby Now” on August 07, 2018, also Fool.com with their article: “Middleby Upgraded After Earnings: What You Need to Know” published on August 10, 2018, Nasdaq.com published: “Why Match Group, Middleby, and Michael Kors Holdings Jumped Today” on August 08, 2018. More interesting news about The Middleby Corporation (NASDAQ:MIDD) were released by: Benzinga.com and their article: “68 Stocks Moving In Wednesday’s Mid-Day Session” published on August 08, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For August 8, 2018” with publication date: August 08, 2018.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.15, from 0.92 in 2017Q4. It fall, as 34 investors sold MIDD shares while 121 reduced holdings. 32 funds opened positions while 88 raised stakes. 55.39 million shares or 4.06% more from 53.23 million shares in 2017Q4 were reported. Sentry Invs Corporation holds 0.02% or 8,718 shares. Amundi Pioneer Asset Management Inc, Massachusetts-based fund reported 43,842 shares. Moreover, Cwm Ltd Liability has 0% invested in The Middleby Corporation (NASDAQ:MIDD). Norris Perne French Limited Liability Partnership Mi, a Michigan-based fund reported 92,565 shares. Dubuque Bank And Trust invested in 234 shares. Archford Strategies Ltd Liability Corp stated it has 19 shares. Livforsakringsbolaget Skandia Omsesidigt accumulated 900 shares. 84,486 were reported by Boston Family Office Limited. Swiss Natl Bank invested in 0.03% or 179,400 shares. Shine Advisory Svcs reported 380 shares. Legal & General Grp Public Ltd Llc invested 0.01% of its portfolio in The Middleby Corporation (NASDAQ:MIDD). Torray Ltd Liability Corporation stated it has 4,132 shares. Timessquare Mngmt Limited Liability Company owns 270,854 shares or 0.23% of their US portfolio. Bbva Compass Bancshares has 0.01% invested in The Middleby Corporation (NASDAQ:MIDD). Echo Street Capital Mgmt Ltd Liability Corp reported 1.46% stake.

Turtle Creek Asset Management Inc, which manages about $1.06B US Long portfolio, decreased its stake in Ss&C Technologies Holdings Inc (NASDAQ:SSNC) by 241,850 shares to 1.56M shares, valued at $83.70 million in 2018Q1, according to the filing. It also reduced its holding in Manhattan Associates Inc (NASDAQ:MANH) by 22,300 shares in the quarter, leaving it with 10,800 shares, and cut its stake in Open Text Corp (NASDAQ:OTEX).

Among 10 analysts covering Middleby (NASDAQ:MIDD), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Middleby had 25 analyst reports since November 12, 2015 according to SRatingsIntel. The stock of The Middleby Corporation (NASDAQ:MIDD) has “Overweight” rating given on Tuesday, February 14 by KeyBanc Capital Markets. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, May 10 report. The firm earned “Buy” rating on Thursday, November 12 by TH Capital. Deutsche Bank maintained it with “Hold” rating and $110 target in Friday, November 17 report. The stock of The Middleby Corporation (NASDAQ:MIDD) has “Neutral” rating given on Friday, June 8 by Citigroup. The firm has “Neutral” rating given on Thursday, December 15 by Macquarie Research. Robert W. Baird maintained the shares of MIDD in report on Friday, August 11 with “Outperform” rating. The stock has “Outperform” rating by Macquarie Research on Wednesday, January 13. The stock of The Middleby Corporation (NASDAQ:MIDD) earned “Buy” rating by Susquehanna on Thursday, March 1. The stock of The Middleby Corporation (NASDAQ:MIDD) has “Neutral” rating given on Thursday, August 9 by Robert W. Baird.

Since April 3, 2018, it had 0 insider purchases, and 13 insider sales for $52.58 million activity. Another trade for 14,976 shares valued at $2.81M was made by Srouji Johny on Wednesday, May 23. $11.56 million worth of stock was sold by SCHILLER PHILIP W on Tuesday, April 3. The insider WILLIAMS JEFFREY E sold $2.99M. $910,129 worth of stock was sold by KONDO CHRIS on Wednesday, May 16. 38,228 shares were sold by AHRENDTS ANGELA J, worth $6.75M. Riccio Daniel J. had sold 17,375 shares worth $2.94M on Wednesday, April 4.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 36 have Buy rating, 1 Sell and 19 Hold. Therefore 64% are positive. Apple Inc. had 428 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Wednesday, January 27 with “Overweight”. The stock has “Buy” rating by Mizuho on Monday, July 10. FBN Securities maintained the shares of AAPL in report on Wednesday, August 2 with “Buy” rating. Goldman Sachs maintained Apple Inc. (NASDAQ:AAPL) on Monday, February 13 with “Buy” rating. Credit Suisse maintained the shares of AAPL in report on Friday, September 11 with “Buy” rating. Drexel Hamilton maintained the stock with “Buy” rating in Wednesday, July 27 report. The rating was maintained by Argus Research with “Buy” on Friday, June 8. KeyBanc Capital Markets maintained Apple Inc. (NASDAQ:AAPL) on Thursday, December 7 with “Buy” rating. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, September 13 report. The rating was maintained by Maxim Group with “Buy” on Wednesday, January 27.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Benzinga.com which released: “6 Investing Lessons From Apple’s $1 Trillion Climb” on August 04, 2018, also Nasdaq.com with their article: “Tuesday Apple Rumors: Apple Changes Plans for 2019 iPhone Lineup” published on August 07, 2018, Seekingalpha.com published: “If I Had A Trillion Dollars” on August 03, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “2 Reasons To Hold Apple For 2 Years” published on August 07, 2018 as well as Nasdaq.com‘s news article titled: “How Cirrus Logic, Inc. Shares Rose 12.9% in July” with publication date: August 10, 2018.

Guardian Life Insurance Company Of America, which manages about $541.95 million US Long portfolio, upped its stake in Ishares Tr (EFA) by 282,637 shares to 710,524 shares, valued at $49.51 million in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (IWD) by 6,340 shares in the quarter, for a total of 646,718 shares, and has risen its stake in Ishares Tr (IWS).

Investors sentiment decreased to 0.69 in 2018 Q1. Its down 0.04, from 0.73 in 2017Q4. It is negative, as 69 investors sold AAPL shares while 1039 reduced holdings. 125 funds opened positions while 645 raised stakes. 2.86 billion shares or 3.74% less from 2.98 billion shares in 2017Q4 were reported. Flossbach Von Storch Ag accumulated 155,545 shares or 0.27% of the stock. The New York-based Lumina Fund Management Limited Com has invested 2.95% in Apple Inc. (NASDAQ:AAPL). Foster Dykema Cabot Inc Ma has invested 0.51% in Apple Inc. (NASDAQ:AAPL). Cls Invs Ltd Liability Com accumulated 0.09% or 16,380 shares. Fcg Advsr Limited Liability Com reported 27,444 shares. Bellecapital Ltd owns 27,436 shares. Moreover, Cornerstone Advisors has 1.66% invested in Apple Inc. (NASDAQ:AAPL). Meeder Asset Mgmt has 2.17% invested in Apple Inc. (NASDAQ:AAPL) for 139,047 shares. Whittier Trust Company Of Nevada accumulated 254,890 shares. California-based Iconiq Cap Llc has invested 0.58% in Apple Inc. (NASDAQ:AAPL). Hirtle Callaghan Limited Company has invested 0.46% in Apple Inc. (NASDAQ:AAPL). Pioneer Bankshares N A Or reported 49,844 shares stake. Intrepid Cap Mgmt reported 18,943 shares. 461,023 are owned by Bb&T. 3,788 were reported by Stone Run Ltd Limited Liability Company.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on November, 1. They expect $2.75 earnings per share, up 32.85% or $0.68 from last year’s $2.07 per share. After $2.34 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 17.52% EPS growth.

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