Laurel Grove Capital Upped Its International Business Machine (IBM) Stake by $872,100; As Quidel Corp. (QDEL) Market Value Rose, Holder Investment Management Of Virginia Has Decreased Its Stake

December 8, 2017 - By Linda Rogers

Laurel Grove Capital Llc increased its stake in International Business Machine (IBM) by 39.33% based on its latest 2017Q2 regulatory filing with the SEC. Laurel Grove Capital Llc bought 5,700 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 20,191 shares of the computer manufacturing company at the end of 2017Q2, valued at $3.11M, up from 14,491 at the end of the previous reported quarter. Laurel Grove Capital Llc who had been investing in International Business Machine for a number of months, seems to be bullish on the $142.17 billion market cap company. The stock decreased 0.34% or $0.53 during the last trading session, reaching $153.57. About 3.77 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since December 8, 2016 and is uptrending. It has underperformed by 11.84% the S&P500.

Investment Management Of Virginia Llc decreased its stake in Quidel Corp. (QDEL) by 40.62% based on its latest 2017Q2 regulatory filing with the SEC. Investment Management Of Virginia Llc sold 170,535 shares as the company’s stock rose 16.85% with the market. The institutional investor held 249,343 shares of the in vitro & in vivo diagnostic substances company at the end of 2017Q2, valued at $6.77 million, down from 419,878 at the end of the previous reported quarter. Investment Management Of Virginia Llc who had been investing in Quidel Corp. for a number of months, seems to be less bullish one the $1.35 billion market cap company. The stock decreased 0.28% or $0.11 during the last trading session, reaching $39.69. About 207,632 shares traded. Quidel Corporation (NASDAQ:QDEL) has risen 56.78% since December 8, 2016 and is uptrending. It has outperformed by 40.08% the S&P500.

Among 31 analysts covering International Business Machines (NYSE:IBM), 10 have Buy rating, 5 Sell and 16 Hold. Therefore 32% are positive. International Business Machines has $21200 highest and $11000 lowest target. $160.60’s average target is 4.58% above currents $153.57 stock price. International Business Machines had 111 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, October 2 the stock rating was maintained by JP Morgan with “Neutral”. Deutsche Bank maintained the shares of IBM in report on Tuesday, October 20 with “Hold” rating. The stock has “Buy” rating by Morgan Stanley on Wednesday, July 19. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 19 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 15. The firm has “Buy” rating given on Tuesday, July 19 by Drexel Hamilton. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, July 19. The stock of International Business Machines Corporation (NYSE:IBM) earned “Overweight” rating by Morgan Stanley on Tuesday, October 18. The company was maintained on Thursday, March 31 by Morgan Stanley. The stock of International Business Machines Corporation (NYSE:IBM) has “Hold” rating given on Wednesday, January 20 by Deutsche Bank.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: This Time Is Different” on December 07, 2017, also Seekingalpha.com with their article: “International Business Machines’s (IBM) Management Presents at 2017 Wells …” published on December 05, 2017, Investorplace.com published: “Warren Buffett Is Selling International Business Machines Corp. — Should You?” on November 17, 2017. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Investorplace.com and their article: “International Business Machines Corp. Stock Still Is Way Overvalued” published on November 30, 2017 as well as Investorplace.com‘s news article titled: “Key to International Business Machines Corp. Stock Isn’t What You Think” with publication date: December 07, 2017.

Investors sentiment decreased to 0.72 in Q2 2017. Its down 0.25, from 0.97 in 2017Q1. It is negative, as 100 investors sold IBM shares while 695 reduced holdings. 91 funds opened positions while 484 raised stakes. 530.91 million shares or 0.81% less from 535.24 million shares in 2017Q1 were reported. Gotham Asset Management Limited Liability Corporation reported 304,839 shares. California Public Employees Retirement System, California-based fund reported 2.40 million shares. Community Fincl Service Group Inc Limited Liability Corp invested in 2,124 shares or 0.14% of the stock. 9,698 were reported by Modera Wealth Ltd. Rocky Mountain Advisers Ltd Liability invested 1.94% of its portfolio in International Business Machines Corporation (NYSE:IBM). Afam owns 37,282 shares. Tukman Grossman Cap reported 74,828 shares stake. Aperio Grp Incorporated Limited Liability Company holds 0.5% or 534,177 shares. Norinchukin Fincl Bank The has 0.55% invested in International Business Machines Corporation (NYSE:IBM). Mcdaniel Terry And reported 0.1% stake. Hourglass Limited Liability Company holds 2% or 51,680 shares. Smithfield Trust holds 16,829 shares. Moreover, Trust Of Toledo Na Oh has 0.19% invested in International Business Machines Corporation (NYSE:IBM) for 4,893 shares. The Massachusetts-based Crestwood Advisors Group Inc Limited Liability has invested 0.17% in International Business Machines Corporation (NYSE:IBM). Stewart West Indies Trading Com accumulated 145,200 shares or 1.95% of the stock.

Laurel Grove Capital Llc, which manages about $236.05M and $188.90M US Long portfolio, decreased its stake in National Grid Plc (NYSE:NGG) by 30,381 shares to 13,669 shares, valued at $859,000 in 2017Q2, according to the filing. It also reduced its holding in Lockheed Martin Corp (NYSE:LMT) by 1,175 shares in the quarter, leaving it with 26,132 shares, and cut its stake in Time Warner Inc (NYSE:TWX).

More news for Quidel Corporation (NASDAQ:QDEL) were recently published by: Businesswire.com, which released: “Annual Piper Jaffray Healthcare Conference” on November 15, 2017. Fool.com‘s article titled: “Why Quidel Corporation Is Sinking” and published on November 27, 2017 is yet another important article.

Investment Management Of Virginia Llc, which manages about $415.63 million US Long portfolio, upped its stake in United Insurance Holdings Corp (NASDAQ:UIHC) by 22,045 shares to 75,290 shares, valued at $1.18 million in 2017Q2, according to the filing. It also increased its holding in Abbott Labs. (NYSE:ABT) by 11,761 shares in the quarter, for a total of 138,101 shares, and has risen its stake in Mcdermott International Inc. (NYSE:MDR).

Among 8 analysts covering Quidel (NASDAQ:QDEL), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Quidel had 25 analyst reports since September 2, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Thursday, July 27. Raymond James maintained Quidel Corporation (NASDAQ:QDEL) rating on Tuesday, September 19. Raymond James has “Outperform” rating and $47 target. The rating was initiated by Barclays Capital with “Overweight” on Wednesday, September 2. On Tuesday, October 24 the stock rating was maintained by Canaccord Genuity with “Buy”. Canaccord Genuity maintained Quidel Corporation (NASDAQ:QDEL) rating on Tuesday, September 19. Canaccord Genuity has “Buy” rating and $48.0 target. The stock of Quidel Corporation (NASDAQ:QDEL) has “Hold” rating given on Friday, October 23 by Craig Hallum. On Friday, February 17 the stock rating was initiated by CL King with “Neutral”. The stock of Quidel Corporation (NASDAQ:QDEL) has “Outperform” rating given on Tuesday, July 18 by William Blair. Piper Jaffray downgraded the stock to “Neutral” rating in Friday, December 16 report. As per Tuesday, July 18, the company rating was upgraded by Canaccord Genuity.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: