Nelnet INC (NNI) Share Price Declined While Farmers & Merchants Investments INC Decreased Its Stake

March 16, 2018 - By Richard Conner

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.01, from 0.87 in 2017Q2. It worsened, as 10 investors sold NNI shares while 41 reduced holdings. 11 funds opened positions while 33 raised stakes. 15.98 million shares or 5.39% less from 16.90 million shares in 2017Q2 were reported. Farmers & Merchants Invests has invested 6.54% in Nelnet, Inc. (NYSE:NNI). Bank & Trust Of America De holds 2,297 shares. The Massachusetts-based Boston Prtn has invested 0.07% in Nelnet, Inc. (NYSE:NNI). Bluecrest Cap Mgmt has 6,906 shares for 0.01% of their portfolio. Blackrock holds 0% of its portfolio in Nelnet, Inc. (NYSE:NNI) for 1.31M shares. Vanguard Grp Inc has invested 0% in Nelnet, Inc. (NYSE:NNI). Aperio Ltd Company stated it has 0% of its portfolio in Nelnet, Inc. (NYSE:NNI). The Massachusetts-based Geode Capital Mngmt has invested 0.01% in Nelnet, Inc. (NYSE:NNI). Thompson Davis & Comm has invested 0.05% in Nelnet, Inc. (NYSE:NNI). Parametric Associates Ltd Liability Corporation reported 81,453 shares. Parkside Savings Bank Trust holds 1,157 shares. State Board Of Administration Of Florida Retirement Sys stated it has 7,487 shares. Envestnet Asset Mngmt has 179 shares. Aqr Cap Ltd Limited Liability Company accumulated 109,444 shares. Prescott Gru Limited Liability owns 44,537 shares or 0.46% of their US portfolio.

Since September 19, 2017, it had 0 insider purchases, and 6 sales for $526,060 activity. Another trade for 1,000 shares valued at $50,000 was made by Munn William J on Tuesday, September 26.

Farmers & Merchants Investments Inc decreased its stake in Nelnet Inc. (NNI) by 10.1% based on its latest 2017Q3 regulatory filing with the SEC. Farmers & Merchants Investments Inc sold 184,720 shares as the company’s stock declined 21.49% while stock markets rallied. The institutional investor held 1.64 million shares of the finance company at the end of 2017Q3, valued at $83.06 million, down from 1.83 million at the end of the previous reported quarter. Farmers & Merchants Investments Inc who had been investing in Nelnet Inc. for a number of months, seems to be less bullish one the $2.21B market cap company. The stock increased 1.57% or $0.84 during the last trading session, reaching $54.25. About 146,269 shares traded or 57.58% up from the average. Nelnet, Inc. (NYSE:NNI) has risen 13.42% since March 16, 2017 and is uptrending. It has underperformed by 3.28% the S&P500.

Farmers & Merchants Investments Inc, which manages about $1.27 billion US Long portfolio, upped its stake in Us Bancorp (NYSE:USB) by 103,768 shares to 420,868 shares, valued at $22.55 million in 2017Q3, according to the filing.

Nelnet, Inc. (NYSE:NNI) Ratings Coverage

Among 2 analysts covering Nelnet (NYSE:NNI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nelnet had 10 analyst reports since August 7, 2015 according to SRatingsIntel. Compass Point downgraded the shares of NNI in report on Wednesday, August 9 to “Neutral” rating. The firm has “Neutral” rating given on Friday, October 20 by Credit Suisse. The stock has “Buy” rating by Compass Point on Tuesday, February 6. The stock of Nelnet, Inc. (NYSE:NNI) earned “Buy” rating by Compass Point on Thursday, October 19. The stock has “Outperform” rating by Credit Suisse on Friday, August 7. The rating was maintained by Compass Point with “Buy” on Friday, August 7. The stock of Nelnet, Inc. (NYSE:NNI) has “Neutral” rating given on Monday, November 14 by Credit Suisse. The firm earned “Buy” rating on Monday, November 9 by Compass Point.

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