Globeflex Capital LP Decreased Stake in Coherent INC (COHR) by $4.02 Million as Stock Declined

May 27, 2018 - By Hazel Jackson

Coherent, Inc. (NASDAQ:COHR) LogoInvestors sentiment decreased to 1.02 in Q4 2017. Its down 0.01, from 1.03 in 2017Q3. It is negative, as 43 investors sold COHR shares while 111 reduced holdings. 60 funds opened positions while 97 raised stakes. 22.70 million shares or 2.26% less from 23.23 million shares in 2017Q3 were reported. Jefferies Gru Ltd Liability Co owns 6,084 shares for 0.01% of their portfolio. Clinton Grp Inc has 3,422 shares for 0.08% of their portfolio. Ubs Asset Mgmt Americas Incorporated holds 0% in Coherent, Inc. (NASDAQ:COHR) or 20,274 shares. 45,805 were reported by Great West Life Assurance Can. Columbus Circle invested 0.52% in Coherent, Inc. (NASDAQ:COHR). State Board Of Administration Of Florida Retirement holds 29,505 shares or 0.02% of its portfolio. Bb&T Secs Ltd Liability Co reported 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). California-based Hanson Mcclain Inc has invested 0.01% in Coherent, Inc. (NASDAQ:COHR). Utah Retirement Sys has 4,569 shares for 0.03% of their portfolio. Alliancebernstein Ltd Partnership reported 227,227 shares. Oppenheimer Asset stated it has 0.11% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Eagle Asset Mngmt Inc stated it has 1.8% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Lpl Financial Ltd invested in 0% or 4,798 shares. Mutual Of America Management Limited Company owns 21,492 shares or 0.09% of their US portfolio. M&T Bancorp invested in 10,407 shares or 0.02% of the stock.

Since January 4, 2018, it had 0 buys, and 2 insider sales for $517,735 activity. $106,135 worth of stock was sold by SKAGGS STEPHEN A on Monday, February 12.

Globeflex Capital LP decreased its stake in Coherent Inc (COHR) by 87.11% based on its latest 2017Q4 regulatory filing with the SEC. Globeflex Capital LP sold 14,253 shares as the company’s stock declined 35.76% with the market. The institutional investor held 2,109 shares of the capital goods company at the end of 2017Q4, valued at $595,000, down from 16,362 at the end of the previous reported quarter. Globeflex Capital LP who had been investing in Coherent Inc for a number of months, seems to be less bullish one the $4.33 billion market cap company. The stock increased 0.40% or $0.7 during the last trading session, reaching $174.08. About 309,226 shares traded. Coherent, Inc. (NASDAQ:COHR) has declined 7.45% since May 27, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on August, 7. They expect $3.60 earnings per share, up 7.14 % or $0.24 from last year’s $3.36 per share. COHR’s profit will be $89.55M for 12.09 P/E if the $3.60 EPS becomes a reality. After $3.37 actual earnings per share reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts 6.82 % EPS growth.

More notable recent Coherent, Inc. (NASDAQ:COHR) news were published by: Streetinsider.com which released: “Stifel Resumes Coherent (COHR) at Buy” on May 10, 2018, also Seekingalpha.com with their article: “BofI Is Inexpensive – Cramer’s Lightning Round (4/30/18)” published on May 01, 2018, Globenewswire.com published: “Consolidated Research: 2018 Summary Expectations for Virtusa, AutoZone, Healthcare Services Group, Vmware …” on May 17, 2018. More interesting news about Coherent, Inc. (NASDAQ:COHR) were released by: Seekingalpha.com and their article: “Coherent: Solid Results, Weak Sentiment” published on May 09, 2018 as well as Benzinga.com‘s news article titled: “Coherent Q2 Earnings Preview” with publication date: May 01, 2018.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 5 analysts covering Coherent (NASDAQ:COHR), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 7 analyst reports since February 8, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 8 by Susquehanna. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) rating on Thursday, May 10. Stifel Nicolaus has “Buy” rating and $248 target. The firm has “Buy” rating by Northcoast given on Monday, February 12. The company was maintained on Thursday, February 8 by Barclays Capital. As per Thursday, February 8, the company rating was maintained by Needham. The rating was maintained by Barclays Capital on Wednesday, May 2 with “Overweight”. The company was maintained on Thursday, February 8 by Stifel Nicolaus.

Coherent, Inc. (NASDAQ:COHR) Institutional Positions Chart

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