Randolph Co INC Has Raised Its Holding in Nike INC (NKE) by $9.65 Million as Shares Declined

December 8, 2017 - By Ellis Scott

Investors sentiment decreased to 1 in Q2 2017. Its down 0.07, from 1.07 in 2017Q1. It fall, as 82 investors sold NKE shares while 439 reduced holdings. 110 funds opened positions while 410 raised stakes. 994.42 million shares or 3.48% less from 1.03 billion shares in 2017Q1 were reported. Amp Invsts Limited owns 438,997 shares for 0.14% of their portfolio. First Long Island Invsts Lc holds 84,963 shares or 0.78% of its portfolio. Marianas Fund Mgmt Ltd Limited Liability Company holds 3.86% of its portfolio in NIKE, Inc. (NYSE:NKE) for 73,400 shares. Fred Alger Mgmt has invested 0.19% of its portfolio in NIKE, Inc. (NYSE:NKE). Indiana & Mngmt Co holds 35,175 shares or 1.02% of its portfolio. Montrusco Bolton Investments Incorporated invested in 62,055 shares or 0.2% of the stock. Zevin Asset Management Lc owns 0.07% invested in NIKE, Inc. (NYSE:NKE) for 4,800 shares. Appleton Partners Ma holds 13,096 shares or 0.13% of its portfolio. North Star Invest Corporation has 0.02% invested in NIKE, Inc. (NYSE:NKE) for 3,080 shares. Mitchell Mcleod Pugh Williams holds 0.62% or 13,941 shares. Eads & Heald Inv Counsel has 1.23% invested in NIKE, Inc. (NYSE:NKE) for 32,614 shares. Doheny Asset Mngmt Ca stated it has 0.21% of its portfolio in NIKE, Inc. (NYSE:NKE). 30,000 were reported by Cornerstone Advisors. Gemmer Asset Lc has 0.02% invested in NIKE, Inc. (NYSE:NKE) for 704 shares. Bankshares invested 0.35% of its portfolio in NIKE, Inc. (NYSE:NKE).

Randolph Co Inc increased its stake in Nike Inc (NKE) by 114% based on its latest 2017Q2 regulatory filing with the SEC. Randolph Co Inc bought 166,300 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 312,175 shares of the consumer non-durables company at the end of 2017Q2, valued at $18.42 million, up from 145,875 at the end of the previous reported quarter. Randolph Co Inc who had been investing in Nike Inc for a number of months, seems to be bullish on the $98.87 billion market cap company. The stock increased 1.47% or $0.88 during the last trading session, reaching $60.6. About 6.11M shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since December 8, 2016 and is downtrending. It has underperformed by 25.94% the S&P500.

Randolph Co Inc, which manages about $549.52M and $526.75M US Long portfolio, decreased its stake in Ishares Tr (IJR) by 121,726 shares to 124,288 shares, valued at $8.71M in 2017Q2, according to the filing.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Businesswire.com which released: “NIKE, Inc. Announces 11 Percent Increase in Quarterly Dividend” on November 16, 2017, also Investorplace.com with their article: “Nike Inc Stock Is Set to Rise Big Thanks to the NBA” published on November 10, 2017, Bizjournals.com published: “Adidas files for review of Nike patent for FlyKnit technology” on November 30, 2017. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Seekingalpha.com and their article: “The Troubling Future For Nike Inc.” published on November 27, 2017 as well as Seekingalpha.com‘s news article titled: “Appealing On Paper, Nike Needs To Show Results” with publication date: December 03, 2017.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 44 analysts covering Nike Inc. (NYSE:NKE), 23 have Buy rating, 2 Sell and 19 Hold. Therefore 52% are positive. Nike Inc. had 196 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Neutral” rating by B. Riley & Co on Wednesday, September 28. The stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Barclays Capital on Monday, June 19. The stock has “Buy” rating by Instinet on Thursday, March 23. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, September 28. The stock has “Buy” rating by Sterne Agee CRT on Friday, September 25. Citigroup maintained NIKE, Inc. (NYSE:NKE) on Wednesday, June 29 with “Buy” rating. Telsey Advisory Group maintained the shares of NKE in report on Wednesday, December 21 with “Outperform” rating. The rating was maintained by Wells Fargo with “Market Perform” on Wednesday, September 27. The stock of NIKE, Inc. (NYSE:NKE) has “Outperform” rating given on Tuesday, September 19 by Raymond James. The rating was downgraded by Bank of America on Monday, October 31 to “Underperform”.

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