Overland Advisors Position in Mitel Networks (MITL) Has Increased as Valuation Declined; Ariel Investments Position in Safeguard Scientifics (SFE) Has Upped by $5.57 Million

December 8, 2017 - By Michael Collier

Gordy Holterman increased its stake in Mitel Networks Corp (MITL) by 100% based on its latest 2017Q2 regulatory filing with the SEC. Overland Advisors Llc bought 200,000 shares as the company’s stock declined 5.88% while stock markets rallied. The hedge fund run by Gordy Holterman held 400,000 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q2, valued at $2.94 million, up from 200,000 at the end of the previous reported quarter. Overland Advisors Llc who had been investing in Mitel Networks Corp for a number of months, seems to be bullish on the $859.27M market cap company. The stock decreased 2.05% or $0.15 during the last trading session, reaching $7.16. About 1.03 million shares traded or 14.56% up from the average. Mitel Networks Corporation (NASDAQ:MITL) has risen 10.16% since December 8, 2016 and is uptrending. It has underperformed by 6.54% the S&P500.

John W. Rogers increased its stake in Safeguard Scientifics Inc. (SFE) by 79.88% based on its latest 2017Q2 regulatory filing with the SEC. Ariel Investments Llc bought 506,655 shares as the company’s stock declined 14.45% while stock markets rallied. The hedge fund run by John W. Rogers held 1.14M shares of the finance company at the end of 2017Q2, valued at $13.58 million, up from 634,282 at the end of the previous reported quarter. Ariel Investments Llc who had been investing in Safeguard Scientifics Inc. for a number of months, seems to be bullish on the $248.01M market cap company. The stock increased 2.10% or $0.25 during the last trading session, reaching $12.15. About 114,886 shares traded or 50.69% up from the average. Safeguard Scientifics, Inc. (NYSE:SFE) has declined 16.67% since December 8, 2016 and is downtrending. It has underperformed by 33.37% the S&P500.

Investors sentiment increased to 1.73 in 2017 Q2. Its up 0.38, from 1.35 in 2017Q1. It increased, as 5 investors sold SFE shares while 21 reduced holdings. 10 funds opened positions while 35 raised stakes. 15.80 million shares or 3.41% more from 15.28 million shares in 2017Q1 were reported. Metropolitan Life New York invested in 0% or 14,730 shares. Reilly Financial Advsrs Ltd reported 300 shares. Finance Architects Inc has 270 shares. American Intll invested 0% in Safeguard Scientifics, Inc. (NYSE:SFE). Susquehanna Grp Llp accumulated 15,595 shares or 0% of the stock. American & Mngmt Com reported 124,416 shares. Moreover, Carroll Assocs has 0% invested in Safeguard Scientifics, Inc. (NYSE:SFE) for 1,000 shares. 14,430 are owned by Alliancebernstein Limited Partnership. Envestnet Asset Mngmt holds 0% of its portfolio in Safeguard Scientifics, Inc. (NYSE:SFE) for 1,552 shares. Wellington Shields Cap accumulated 85,428 shares. Jbf owns 2,800 shares or 0% of their US portfolio. Renaissance stated it has 239,717 shares. Millennium Management Lc owns 14,600 shares for 0% of their portfolio. State Board Of Administration Of Florida Retirement Systems has 27,724 shares for 0% of their portfolio. Voya Mngmt Ltd Liability Co owns 0% invested in Safeguard Scientifics, Inc. (NYSE:SFE) for 16,710 shares.

Ariel Investments Llc, which manages about $8.99B and $8.46B US Long portfolio, decreased its stake in Kennametal Inc. (NYSE:KMT) by 294,908 shares to 5.48M shares, valued at $205.21M in 2017Q2, according to the filing. It also reduced its holding in Kindred Biosciences Inc. (NASDAQ:KIN) by 1.01M shares in the quarter, leaving it with 1.96M shares, and cut its stake in Landec Corp. (NASDAQ:LNDC).

Among 2 analysts covering Safeguard Scientifics (NYSE:SFE), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Safeguard Scientifics has $22.50 highest and $13.25 lowest target. $13.25’s average target is 9.05% above currents $12.15 stock price. Safeguard Scientifics had 4 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Keefe Bruyette & Woods to “Hold” on Wednesday, December 6. Zacks upgraded the stock to “Sell” rating in Wednesday, August 5 report. As per Tuesday, July 21, the company rating was initiated by Barrington Research.

More notable recent Safeguard Scientifics, Inc. (NYSE:SFE) news were published by: Seekingalpha.com which released: “Safeguard Scientifics: Heading To The Future With Internet Of Everything, AI …” on February 01, 2017, also Seekingalpha.com with their article: “Safeguard Scientifics’ (SFE) CEO Steve Zarrilli on Q3 2017 Results – Earnings …” published on October 26, 2017, Prnewswire.com published: “Safeguard Scientifics Announces Second Quarter 2017 Financial Results” on July 27, 2017. More interesting news about Safeguard Scientifics, Inc. (NYSE:SFE) were released by: Seekingalpha.com and their article: “CEO Steve Zarrilli’s Letter To Safeguard Scientifics Shareholders” published on May 24, 2017 as well as Seekingalpha.com‘s news article titled: “Safeguard Scientifics’ (SFE) CEO Steve Zarrilli on Q2 2017 Results – Earnings …” with publication date: July 30, 2017.

Among 3 analysts covering Mitel Networks (NASDAQ:MITL), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Mitel Networks has $13 highest and $7.5000 lowest target. $10.17’s average target is 42.04% above currents $7.16 stock price. Mitel Networks had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, September 25 by RBC Capital Markets. The firm has “Buy” rating by National Bank Canada given on Thursday, July 27. RBC Capital Markets maintained Mitel Networks Corporation (NASDAQ:MITL) rating on Friday, August 7. RBC Capital Markets has “Outperform” rating and $12 target. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 9 report. The rating was upgraded by Zacks on Tuesday, August 25 to “Sell”. As per Tuesday, November 3, the company rating was maintained by RBC Capital Markets. Zacks downgraded the stock to “Sell” rating in Thursday, September 17 report. The company was maintained on Tuesday, July 25 by RBC Capital Markets. On Tuesday, December 20 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Zacks upgraded Mitel Networks Corporation (NASDAQ:MITL) on Tuesday, August 18 to “Sell” rating.

More news for Mitel Networks Corporation (NASDAQ:MITL) were recently published by: Bloomberg.com, which released: “Elliott-Backed Mitel Hunts for Smaller Purchases After ShoreTel” on November 08, 2017. Gurufocus.com‘s article titled: “Sarbit Advisory Services Inc. Buys Imax Corp, Mitel Networks Corp, Sells …” and published on November 13, 2017 is yet another important article.

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