Globeflex Capital LP Decreased Stake in Coherent INC (COHR) as Shares Declined

May 16, 2018 - By Mark Mitchell

Coherent, Inc. (NASDAQ:COHR) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 1.02. That’s change of 0.01, from 2017Q3’s 1.03. 43 investors sold all, 111 reduced holdings as COHR ratio dropped. 97 rose positions while 60 funds amassed positions. Funds hold 22.70 million shares thus 2.26% less from 2017Q3’s 23.23 million shares. Pdt Prns Limited accumulated 64,892 shs or 0.53% of the stock. Hanson Mcclain owns 459 shs or 0.01% of their US capital. Aqr Mgmt has invested 0.01% of its capital in Coherent, Inc. (NASDAQ:COHR). Bank & Trust Of America De, North Carolina-based fund reported 146,286 shs. Telemark Asset Ltd Limited Liability Company accumulated 120,000 shs. Parametric Associates Lc stated it has 38,114 shs or 0.01% of all its holdings. Clinton Gru Inc has 3,422 shs. Axa invested in 55,367 shs or 0.06% of the stock. Nordea Investment Mngmt has invested 0.01% in Coherent, Inc. (NASDAQ:COHR). New York State Teachers Retirement System owns 20,700 shs. Moreover, Cwm Limited Liability Com has 0% invested in Coherent, Inc. (NASDAQ:COHR) for 12 shs. Coldstream Cap Mgmt has invested 0.03% in Coherent, Inc. (NASDAQ:COHR). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,411 shs or 0% of all its holdings. Regions Financial has 1,571 shs for 0% of their capital. 1,533 were accumulated by Laurion Cap Limited Partnership.

COHR registered $517,735 net activity with 0 insider buys and 2 selling transactions since January 4, 2018. On Monday, February 12 SKAGGS STEPHEN A sold $106,135 worth of Coherent, Inc. (NASDAQ:COHR) or 500 shs.

Globeflex Capital L P’s stake in Coherent Inc (COHR) is reduced by 87.11% based on its latest 2017Q4 regulatory filing with the SEC. By selling 14,253 shares Globeflex Capital LP made the stock sank with 35.76%. At the end of 2017Q4, the institutional investor held 2,109 shares of the capital goods company, priced at $595,000, down from 16,362 at the end of the previous reported quarter. Globeflex Capital LP has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

On August, 7 WallStreet anticipated Coherent, Inc. (NASDAQ:COHR)’s earnings release, according to Faxor. Analysts expect change of 7.14 % or $0.24 from previous year’s $3.36 EPS compared to current’s $3.60 EPS. COHR’s profit could reach $89.55M with 12.43 P/E in case $3.60 EPS is announced. Wall Street sees 6.82 % EPS growth as of August, 7.

For more Coherent, Inc. (NASDAQ:COHR) news announced recently go to: Seekingalpha.com, Streetinsider.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Coherent: Solid Results, Weak Sentiment” announced on May 09, 2018, “Stifel Resumes Coherent (COHR) at Buy” on May 10, 2018, “Coherent -2.5% on mixed Q2; Needham defends” with a publish date: May 02, 2018, “BofI Is Inexpensive – Cramer’s Lightning Round (4/30/18)” and the last “Coherent: Time To Buy” with publication date: April 18, 2018.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Total analysts of 5 have positions in Coherent (NASDAQ:COHR) as follows: 5 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since February 8, 2018 according to StockzIntelligence Inc Coherent has 7 analyst reports. On Thursday, February 8 the firm has “Buy” rating by Susquehanna given. On Thursday, May 10 the company was maintained by Stifel Nicolaus. On Thursday, February 8 the rating was maintained by Stifel Nicolaus with “Buy”. The company rating was maintained by Barclays Capital on Wednesday, May 2. The stock rating was maintained by Barclays Capital with “Overweight” on Thursday, February 8. In Thursday, February 8 report Needham maintained the stock with “Buy” rating. On Monday, February 12 the firm earned “Buy” rating by Northcoast.

Coherent, Inc. (NASDAQ:COHR) Institutional Investors Chart

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