Riverhead Capital Management Cut Pilgrim’s Pride (PPC) Holding By $514,320; Jabre Capital Partners Sa Has Cut Applied Matls (AMAT) Position By $12.35 Million

August 10, 2018 - By Catherine Diaz

Applied Materials, Inc. (NASDAQ:AMAT) Logo

Riverhead Capital Management Llc decreased Pilgrim’s Pride Corp (PPC) stake by 24.7% reported in 2018Q1 SEC filing. Riverhead Capital Management Llc sold 21,430 shares as Pilgrim’s Pride Corp (PPC)’s stock declined 18.02%. The Riverhead Capital Management Llc holds 65,340 shares with $1.61 million value, down from 86,770 last quarter. Pilgrim’s Pride Corp now has $4.36 billion valuation. The stock increased 0.40% or $0.07 during the last trading session, reaching $17.52. About 43,484 shares traded. Pilgrim's Pride Corporation (NASDAQ:PPC) has declined 10.29% since August 10, 2017 and is downtrending. It has underperformed by 22.86% the S&P500. Some Historical PPC News: 11/05/2018 – PILGRIM’S CEO LOVETTE SAYS LABOR `MUCH TIGHTER’ THAN YEAR AGO; 06/03/2018 ENTERGY’S PILGRIM 1 REACTOR IN MASSACHUSETTS SHUT ON WATER LEAK; 08/05/2018 – PPC ANNOUNCES SPIN OFF OF LIGNITE-FIRED GENERATION SEGMENT; 11/04/2018 – PPC CEO JOHANN CLAASSEN COMMENTS IN INTERVIEW; 12/03/2018 – Pilgrim’s Pride to Host Annual Meeting of Shareholders on May 10, 2018; 27/04/2018 – ENTERGY CUTS PILGRIM 1 REACTOR TO 98% POWER FROM 100%: NRC; 11/04/2018 – PPC’S CLAASSEN STILL SEES ROOM FOR INDUSTRY CONSOLIDATION; 15/03/2018 – PPC LTD – PPC WILL NO LONGER TAKE INTO ACCOUNT A PORTION OF BEE 1 TRANSACTION’S RESIDUAL SHAREHOLDING; 06/03/2018 – S&P ASSIGNS CHG PPC INTERMEDIATE Il LLC OUTLOOK TO ‘STABLE’; RATING ‘B’; 17/04/2018 – PPC TO SELL SEVERAL LIGNITE-FIRED UNITS, DIVEST STAFF AND MINES TO ALLOW BUYERS TO COMPETE IN GREEK WHOLESALE ELECTRICITY MARKET

Jabre Capital Partners Sa decreased Applied Matls Inc (AMAT) stake by 87.87% reported in 2018Q1 SEC filing. Jabre Capital Partners Sa sold 224,500 shares as Applied Matls Inc (AMAT)’s stock declined 13.54%. The Jabre Capital Partners Sa holds 31,000 shares with $1.72M value, down from 255,500 last quarter. Applied Matls Inc now has $49.01 billion valuation. The stock decreased 1.10% or $0.54 during the last trading session, reaching $48.62. About 323,562 shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since August 10, 2017 and is uptrending. It has outperformed by 0.38% the S&P500. Some Historical AMAT News: 18/05/2018 – Tech Today: Square Unzettled, Debating AMAT, Google’s 60 Minutes — Barron’s Blog; 18/05/2018 – Applied Materials Stokes Analyst Fears of Slowing Display Market; 19/04/2018 – Applied Materials Closes Below 200-Day Average: Technicals; 16/05/2018 – Applied Materials at AllianceBernstein Conference May 30; 17/05/2018 – APPLIED MATERIALS INC – QUARTERLY REVENUE OF $4.57 BLN, UP 29 PERCENT YEAR OVER YEAR; 23/03/2018 – Applied Materials Closes Below 50-Day Moving Average; 17/05/2018 – APPLIED MATERIALS INC AMAT.O QUARTERLY NON-GAAP SHR $1.22; 17/05/2018 – Chip gear maker Applied Materials reports 29 pct rise in revenue; 29/05/2018 – Applied Materials at AllianceBernstein Conference Tomorrow; 23/04/2018 – DJ Applied Materials Inc, Inst Holders, 1Q 2018 (AMAT)

More recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Benzinga.com which released: “Morgan Stanley Prefers Lam Research Over Applied Materials, Says Semi Equipment Stocks Are Headed For …” on August 09, 2018. Also Marketwatch.com published the news titled: “Charting a bullish technical tilt: S&P 500, Nasdaq rise within view of record territory” on August 07, 2018. Streetinsider.com‘s news article titled: “Tech stocks drive Nasdaq higher; Dow, S&P flat” with publication date: August 09, 2018 was also an interesting one.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on August, 16. They expect $1.16 EPS, up 34.88% or $0.30 from last year’s $0.86 per share. AMAT’s profit will be $1.17 billion for 10.48 P/E if the $1.16 EPS becomes a reality. After $1.22 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts -4.92% negative EPS growth.

Among 13 analysts covering Applied Materials (NASDAQ:AMAT), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Applied Materials had 17 analyst reports since February 15, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Buy” rating in Thursday, April 12 report. The stock has “Buy” rating by Deutsche Bank on Thursday, February 15. The firm has “Buy” rating by Nomura given on Tuesday, March 27. Credit Suisse maintained it with “Outperform” rating and $74 target in Thursday, February 15 report. Needham maintained Applied Materials, Inc. (NASDAQ:AMAT) on Monday, May 21 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 15. The firm has “Outperform” rating by Credit Suisse given on Monday, February 26. The firm earned “Buy” rating on Thursday, February 15 by Susquehanna. The firm earned “Equal-Weight” rating on Thursday, August 9 by Morgan Stanley. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Wednesday, June 13 report.

Investors sentiment increased to 0.95 in 2018 Q1. Its up 0.09, from 0.86 in 2017Q4. It improved, as 50 investors sold AMAT shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported. Oppenheimer Company holds 0.09% or 64,864 shares in its portfolio. First Manhattan Co invested in 0.01% or 17,167 shares. Moreover, Matarin Ltd Liability Company has 0% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 85,271 shares. Wellington Llp invested 0.07% in Applied Materials, Inc. (NASDAQ:AMAT). Hgk Asset invested in 1.78% or 210,889 shares. 6,657 are owned by Fisher Asset Mngmt Ltd Liability. Parallax Volatility Advisers Lp holds 26,387 shares. Whitnell And reported 5,298 shares. Alliancebernstein Lp reported 1.98M shares. Synovus Fincl invested in 57,763 shares. Ww Asset Mgmt accumulated 72,197 shares or 0.19% of the stock. 828,606 were accumulated by Raymond James Associate. New York-based Marble Arch Invests LP has invested 7.06% in Applied Materials, Inc. (NASDAQ:AMAT). Macquarie Gru reported 2.84 million shares stake. Moreover, Glenmede Tru Company Na has 0.52% invested in Applied Materials, Inc. (NASDAQ:AMAT).

Since March 8, 2018, it had 0 insider buys, and 1 insider sale for $922,050 activity. 15,000 shares were sold by Iannotti Thomas J, worth $922,050.

Riverhead Capital Management Llc increased Lpl Financial Holdings Inc (NASDAQ:LPLA) stake by 13,400 shares to 30,150 valued at $1.84 million in 2018Q1. It also upped Dxc Technology Co stake by 77,075 shares and now owns 180,423 shares. General Mills Inc (NYSE:GIS) was raised too.

Among 3 analysts covering Pilgrims Pride (NASDAQ:PPC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Pilgrims Pride had 4 analyst reports since February 27, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, March 28 by Mizuho. Mizuho maintained Pilgrim's Pride Corporation (NASDAQ:PPC) on Monday, April 23 with “Buy” rating. The rating was upgraded by Vertical Group to “Buy” on Wednesday, March 14. The company was maintained on Tuesday, February 27 by Morgan Stanley.

Analysts await Pilgrim's Pride Corporation (NASDAQ:PPC) to report earnings on November, 6. They expect $0.55 EPS, down 43.88% or $0.43 from last year’s $0.98 per share. PPC’s profit will be $136.93M for 7.96 P/E if the $0.55 EPS becomes a reality. After $0.53 actual EPS reported by Pilgrim's Pride Corporation for the previous quarter, Wall Street now forecasts 3.77% EPS growth.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.25, from 1.14 in 2017Q4. It is negative, as 40 investors sold PPC shares while 75 reduced holdings. 38 funds opened positions while 64 raised stakes. 58.07 million shares or 2.92% less from 59.81 million shares in 2017Q4 were reported. Arrowstreet Capital Lp holds 516,076 shares or 0.03% of its portfolio. Midas Mngmt Corp has 5,000 shares for 0.06% of their portfolio. 507,100 are held by Canada Pension Plan Investment Board. Jefferies Ltd Limited Liability Company invested in 80,962 shares or 0.01% of the stock. Utd Svcs Automobile Association invested in 0% or 9,086 shares. Dreman Value L L C has invested 0.23% in Pilgrim's Pride Corporation (NASDAQ:PPC). Alliancebernstein Ltd Partnership stated it has 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC). Deutsche Savings Bank Ag has 0.01% invested in Pilgrim's Pride Corporation (NASDAQ:PPC). Art Limited Co has 0.11% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 109,400 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corporation holds 0.01% or 55,612 shares in its portfolio. Zebra Capital Mngmt Limited Co reported 0.43% stake. Neuberger Berman Ltd reported 51,842 shares. Martingale Asset Management LP has invested 0.05% in Pilgrim's Pride Corporation (NASDAQ:PPC). Ubs Asset Americas reported 0% stake. Cadence Capital Mngmt Ltd Liability Com accumulated 33,588 shares or 0.05% of the stock.

Since February 27, 2018, it had 0 buys, and 1 insider sale for $2.54 million activity. $2.54 million worth of Pilgrim's Pride Corporation (NASDAQ:PPC) shares were sold by Lovette William W.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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