As D R Horton (DHI) Share Price Rose, Shareholder Swarthmore Group Has Decreased Its Stake by $3.54 Million; Carmax (KMX) Holding Held by Nexus Investment Management Inc

February 25, 2018 - By Clifton Ray

Swarthmore Group Inc decreased its stake in D R Horton Inc (DHI) by 25.26% based on its latest 2017Q3 regulatory filing with the SEC. Swarthmore Group Inc sold 90,850 shares as the company’s stock rose 10.82% with the market. The institutional investor held 268,825 shares of the capital goods company at the end of 2017Q3, valued at $10.73 million, down from 359,675 at the end of the previous reported quarter. Swarthmore Group Inc who had been investing in D R Horton Inc for a number of months, seems to be less bullish one the $16.72B market cap company. The stock increased 0.47% or $0.21 during the last trading session, reaching $44.47. About 3.90M shares traded. D.R. Horton, Inc. (NYSE:DHI) has risen 15.56% since February 25, 2017 and is uptrending. It has underperformed by 1.14% the S&P500.

Nexus Investment Management Inc increased its stake in Carmax Inc (KMX) by 1.28% based on its latest 2017Q3 regulatory filing with the SEC. Nexus Investment Management Inc bought 4,073 shares as the company’s stock declined 3.39% while stock markets rallied. The institutional investor held 321,800 shares of the automotive aftermarket company at the end of 2017Q3, valued at $24.40 million, up from 317,727 at the end of the previous reported quarter. Nexus Investment Management Inc who had been investing in Carmax Inc for a number of months, seems to be bullish on the $11.35B market cap company. The stock increased 2.82% or $1.72 during the last trading session, reaching $62.76. About 1.51M shares traded. CarMax Inc. (NYSE:KMX) has risen 26.17% since February 25, 2017 and is uptrending. It has outperformed by 9.47% the S&P500.

Since September 1, 2017, it had 1 insider purchase, and 20 selling transactions for $48.76 million activity. TIEFEL WILLIAM R sold $1.76M worth of stock or 23,000 shares. 25,000 shares were sold by Hill Edwin J, worth $1.89M on Thursday, October 12. Another trade for 201,701 shares valued at $14.84 million was made by Wood William C Jr. on Tuesday, September 26. The insider Newberry Darren C sold $478,064. On Friday, December 15 the insider FOLLIARD THOMAS J sold $540,000. Daniels Jon G had sold 50,488 shares worth $3.72 million on Tuesday, September 26.

Among 17 analysts covering Carmax Inc (NYSE:KMX), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Carmax Inc had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of CarMax Inc. (NYSE:KMX) has “Buy” rating given on Friday, August 25 by Oppenheimer. RBC Capital Markets maintained CarMax Inc. (NYSE:KMX) rating on Friday, October 27. RBC Capital Markets has “Buy” rating and $83.0 target. The rating was maintained by Oppenheimer on Monday, September 21 with “Outperform”. The stock of CarMax Inc. (NYSE:KMX) earned “Buy” rating by Berenberg on Monday, January 8. Oppenheimer maintained CarMax Inc. (NYSE:KMX) rating on Monday, June 19. Oppenheimer has “Buy” rating and $7200 target. The rating was maintained by Wedbush with “Neutral” on Tuesday, August 18. Susquehanna initiated the stock with “Positive” rating in Friday, August 26 report. On Friday, September 4 the stock rating was downgraded by Vetr to “Buy”. The stock has “Neutral” rating by Sterne Agee CRT on Monday, March 28. The company was initiated on Friday, November 13 by Buckingham Research.

Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.01, from 0.91 in 2017Q2. It fall, as 25 investors sold KMX shares while 163 reduced holdings. 57 funds opened positions while 112 raised stakes. 188.17 million shares or 4.44% less from 196.91 million shares in 2017Q2 were reported. Neuberger Berman Limited Liability Company holds 0.03% or 297,854 shares. Athena Limited Liability reported 0.15% in CarMax Inc. (NYSE:KMX). Grandfield & Dodd Limited Co stated it has 7,349 shares or 0.06% of all its holdings. San Francisco Sentry Investment Gp (Ca) reported 40 shares or 0% of all its holdings. Mason Street Advsrs Ltd accumulated 25,438 shares. Verus Financial Partners has 1.33% invested in CarMax Inc. (NYSE:KMX) for 45,366 shares. Westpac Corp reported 11,589 shares. Nomura Asset Mgmt Commerce Ltd has 25,409 shares. First Manhattan Com holds 164,375 shares or 0.07% of its portfolio. Ws Mgmt Lllp accumulated 1.06 million shares. Asset Mngmt Advisors reported 34,250 shares. Td Asset Mngmt stated it has 0.02% of its portfolio in CarMax Inc. (NYSE:KMX). Geode Management Ltd Limited Liability Company invested in 0.05% or 1.80 million shares. National Pension holds 221,590 shares or 0.09% of its portfolio. Envestnet Asset Mgmt accumulated 63,792 shares or 0.01% of the stock.

Since September 8, 2017, it had 0 buys, and 13 sales for $3.01 million activity. On Monday, February 12 HORTON DONALD R sold $520,554 worth of D.R. Horton, Inc. (NYSE:DHI) or 11,618 shares. Hewatt Michael W sold $144,454 worth of stock. $374,629 worth of stock was sold by ANDERSON BRADLEY S on Wednesday, September 13. BUCHANAN MICHAEL R sold 9,000 shares worth $333,564. 3,667 shares were sold by Allen Barbara K, worth $175,158. Shares for $106,065 were sold by WHEAT BILL W.

Analysts await D.R. Horton, Inc. (NYSE:DHI) to report earnings on April, 19. They expect $0.85 EPS, up 41.67% or $0.25 from last year’s $0.6 per share. DHI’s profit will be $319.53 million for 13.08 P/E if the $0.85 EPS becomes a reality. After $0.77 actual EPS reported by D.R. Horton, Inc. for the previous quarter, Wall Street now forecasts 10.39% EPS growth.

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.18, from 1.04 in 2017Q2. It turned negative, as 54 investors sold DHI shares while 189 reduced holdings. 61 funds opened positions while 147 raised stakes. 308.00 million shares or 2.35% more from 300.92 million shares in 2017Q2 were reported. Bancshares reported 0.01% of its portfolio in D.R. Horton, Inc. (NYSE:DHI). Ameriprise reported 2.73 million shares. 1,124 are held by Shine Inv Advisory Incorporated. Chevy Chase Tru invested in 0.05% or 297,260 shares. Prelude Cap Management Ltd Limited Liability Company reported 247 shares or 0% of all its holdings. Mirae Asset Global Ltd has invested 0.03% in D.R. Horton, Inc. (NYSE:DHI). Cipher Capital Limited Partnership reported 0.11% stake. Blackrock Incorporated accumulated 0.06% or 29.53 million shares. Castleark Mngmt Lc reported 10,340 shares stake. Fifth Third Savings Bank accumulated 0.09% or 331,390 shares. Axa owns 29,500 shares. Gruss Capital Mngmt Lp has 885,100 shares. Rockefeller Fincl Incorporated accumulated 1,125 shares. Laffer Investments holds 0.58% or 55,102 shares in its portfolio. Sfmg Ltd invested in 0.12% or 15,787 shares.

Swarthmore Group Inc, which manages about $1.77 billion and $437.39 million US Long portfolio, upped its stake in Select Sector Spdr Tr (XLE) by 31,200 shares to 98,500 shares, valued at $6.75 million in 2017Q3, according to the filing.

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