Simcoe Capital Management Has Trimmed Techtarget (TTGT) Position by $7.48 Million; Fairview Capital Investment Management Decreased Position in Lamar Advertising Co (LAMR) by $7.78 Million

August 31, 2017 - By Adrian Erickson

Simcoe Capital Management Llc decreased its stake in Techtarget Inc (TTGT) by 74.92% based on its latest 2016Q4 regulatory filing with the SEC. Simcoe Capital Management Llc sold 935,378 shares as the company’s stock declined 3.53% while stock markets rallied. The institutional investor held 313,157 shares of the miscellaneous company at the end of 2016Q4, valued at $2.67 million, down from 1.25 million at the end of the previous reported quarter. Simcoe Capital Management Llc who had been investing in Techtarget Inc for a number of months, seems to be less bullish one the $272.37M market cap company. The stock increased 2.05% or $0.2 during the last trading session, reaching $9.94. About 59,083 shares traded or 113.01% up from the average. TechTarget Inc (NASDAQ:TTGT) has risen 14.89% since August 31, 2016 and is uptrending. It has underperformed by 1.81% the S&P500.

Fairview Capital Investment Management Llc decreased its stake in Lamar Advertising Co (LAMR) by 27.62% based on its latest 2016Q4 regulatory filing with the SEC. Fairview Capital Investment Management Llc sold 116,052 shares as the company’s stock declined 9.40% while stock markets rallied. The hedge fund held 304,157 shares of the real estate investment trusts company at the end of 2016Q4, valued at $20.45M, down from 420,209 at the end of the previous reported quarter. Fairview Capital Investment Management Llc who had been investing in Lamar Advertising Co for a number of months, seems to be less bullish one the $5.55B market cap company. The stock increased 0.23% or $0.15 during the last trading session, reaching $66.56. About 417,897 shares traded. Lamar Advertising Company (NASDAQ:LAMR) has risen 13.65% since August 31, 2016 and is uptrending. It has underperformed by 3.05% the S&P500.

Since March 20, 2017, it had 0 insider buys, and 7 insider sales for $1.02 million activity. $225,000 worth of TechTarget Inc (NASDAQ:TTGT) was sold by Beam Kevin.

More important recent TechTarget Inc (NASDAQ:TTGT) news were published by: Streetinsider.com which released: “Form 4 TechTarget Inc For: Aug 29 Filed by: Cotoia Michael” on August 31, 2017, also Seekingalpha.com published article titled: “TechTarget’s Q2 Good Enough To Stay Long”, Businesswire.com published: “TechTarget’s SearchServerVirtualization.com Announces “Best of VMworld” 2017 …” on August 30, 2017. More interesting news about TechTarget Inc (NASDAQ:TTGT) was released by: Businesswire.com and their article: “TechTarget launches SearchERP.com, an Independent Resource for Business and IT …” with publication date: August 31, 2017.

Investors sentiment is 0.91 in 2016 Q4. Its the same as in 2016Q3. It has no change, as 9 investors sold TTGT shares while 23 reduced holdings. only 9 funds opened positions while 20 raised stakes. 11.94 million shares or 5.23% less from 12.60 million shares in 2016Q3 were reported. Legal And General Group Public Ltd has 0% invested in TechTarget Inc (NASDAQ:TTGT) for 1,763 shares. New Jersey-based Prudential Financial has invested 0% in TechTarget Inc (NASDAQ:TTGT). Bancshares Of America De reported 3,506 shares. Nationwide Fund invested 0% in TechTarget Inc (NASDAQ:TTGT). 439,637 are held by Next Century Growth Investors Ltd Liability Co. Oxford Asset reported 97,786 shares or 0.04% of all its holdings. Manufacturers Life Insur The invested 0% in TechTarget Inc (NASDAQ:TTGT). Blackrock holds 0% of its portfolio in TechTarget Inc (NASDAQ:TTGT) for 3,078 shares. Blackrock Advsrs Ltd Liability Com owns 8,551 shares. Creative Planning reported 15 shares. Geode Capital Ltd Company owns 0% invested in TechTarget Inc (NASDAQ:TTGT) for 124,248 shares. Invesco Ltd has 23,207 shares. Ariel Invests Limited Liability holds 0.09% or 863,470 shares in its portfolio. Northern Trust has 191,264 shares. Trexquant Inv LP holds 20,302 shares.

Among 5 analysts covering TechTarget (NASDAQ:TTGT), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. TechTarget had 11 analyst reports since August 7, 2015 according to SRatingsIntel. Jefferies maintained TechTarget Inc (NASDAQ:TTGT) on Thursday, August 3 with “Buy” rating. Craig Hallum upgraded the stock to “Buy” rating in Thursday, August 10 report. Craig Hallum downgraded the stock to “Hold” rating in Wednesday, August 10 report. Needham maintained TechTarget Inc (NASDAQ:TTGT) rating on Thursday, February 11. Needham has “Buy” rating and $12 target. Sidoti initiated TechTarget Inc (NASDAQ:TTGT) rating on Wednesday, July 20. Sidoti has “Buy” rating and $12 target. The company was upgraded on Friday, August 7 by TheStreet. Lake Street maintained the stock with “Buy” rating in Thursday, November 10 report. The stock of TechTarget Inc (NASDAQ:TTGT) has “Hold” rating given on Thursday, August 17 by Jefferies. Lake Street maintained the stock with “Buy” rating in Wednesday, February 15 report. The company was maintained on Wednesday, June 21 by Jefferies.

Fairview Capital Investment Management Llc, which manages about $1.38 billion and $1.35 billion US Long portfolio, upped its stake in Wal (NYSE:WMT) by 5,425 shares to 393,936 shares, valued at $27.23M in 2016Q4, according to the filing. It also increased its holding in Teleflex Inc (NYSE:TFX) by 9,075 shares in the quarter, for a total of 202,238 shares, and has risen its stake in Ishares Barclays 1 (CSJ).

More recent Lamar Advertising Company (NASDAQ:LAMR) news were published by: Finance.Yahoo.com which released: “Lamar Advertising (LAMR) Q2 FFO & Revenues Top, Stock Down” on August 09, 2017. Also Zacks.com published the news titled: “Lamar Advertising (LAMR) Acquires Steen Outdoor’s Assets” on August 07, 2017. Globenewswire.com‘s news article titled: “Lamar Advertising Acquires Billboards from Steen Outdoor Advertising” with publication date: August 04, 2017 was also an interesting one.

Since March 2, 2017, it had 0 buys, and 5 sales for $7.55 million activity. MUMBLOW STEPHEN P had sold 20,000 shares worth $1.41 million. REILLY ANNA had sold 50,000 shares worth $3.74 million on Wednesday, March 29. HAMILTON JOHN MAXWELL sold $152,000 worth of stock.

Among 11 analysts covering Lamar Advertising (NASDAQ:LAMR), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Lamar Advertising had 17 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, July 22 the stock rating was downgraded by Gabelli to “Hold”. On Thursday, November 5 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Hold” rating by Topeka Capital Markets given on Thursday, November 5. M Partners maintained it with “Neutral” rating and $64.0 target in Friday, January 8 report. Loop Capital initiated the shares of LAMR in report on Tuesday, September 13 with “Buy” rating. The rating was maintained by Topeka Capital Markets on Monday, September 21 with “Hold”. The stock of Lamar Advertising Company (NASDAQ:LAMR) earned “Neutral” rating by M Partners on Wednesday, February 24. Topeka Capital Markets maintained it with “Hold” rating and $60 target in Thursday, August 6 report. The company was maintained on Wednesday, August 9 by M Partners. The stock of Lamar Advertising Company (NASDAQ:LAMR) has “Buy” rating given on Tuesday, December 8 by Topeka Capital Markets.

Investors sentiment decreased to 1.14 in Q4 2016. Its down 0.06, from 1.2 in 2016Q3. It turned negative, as 35 investors sold LAMR shares while 103 reduced holdings. 61 funds opened positions while 96 raised stakes. 80.21 million shares or 0.67% less from 80.75 million shares in 2016Q3 were reported. Envestnet Asset reported 0% of its portfolio in Lamar Advertising Company (NASDAQ:LAMR). The Massachusetts-based Aureus Asset Management Lc has invested 0.08% in Lamar Advertising Company (NASDAQ:LAMR). Ny State Common Retirement Fund holds 0.02% in Lamar Advertising Company (NASDAQ:LAMR) or 177,500 shares. Bb&T Corp has invested 0.06% in Lamar Advertising Company (NASDAQ:LAMR). Capital Ww Invsts invested in 0.09% or 5.38M shares. Fmr Limited Liability Corporation holds 834,742 shares or 0.01% of its portfolio. Cadence Cap Ltd Llc accumulated 6,613 shares. Financial Bank Of Montreal Can owns 96,371 shares for 0.01% of their portfolio. Teachers Retirement System Of The State Of Kentucky reported 0.02% in Lamar Advertising Company (NASDAQ:LAMR). California State Teachers Retirement Systems has 170,363 shares. Gabelli Funds Limited Liability Corp holds 0.01% or 28,000 shares. Moreover, Blackrock Fund Advsrs has 0.04% invested in Lamar Advertising Company (NASDAQ:LAMR) for 3.57 million shares. Keybank Natl Association Oh holds 0.01% or 28,139 shares. Pinnacle Advisory Gru holds 3,990 shares. Caprock Group Inc Inc has 9,124 shares.

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