As Coherent INC (COHR) Share Value Rose, Shareholder Skylands Capital LLC Has Raised Holding

September 16, 2018 - By Mary Markley

Coherent, Inc. (NASDAQ:COHR) LogoInvestors sentiment decreased to 0.85 in Q2 2018. Its down 0.31, from 1.16 in 2018Q1. It is negative, as 70 investors sold COHR shares while 85 reduced holdings. 46 funds opened positions while 86 raised stakes. 22.05 million shares or 4.47% less from 23.08 million shares in 2018Q1 were reported. Banque Pictet Cie Sa reported 2,000 shares stake. Great West Life Assurance Can invested 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Landscape Cap Management Limited Liability has 0.03% invested in Coherent, Inc. (NASDAQ:COHR) for 2,174 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems stated it has 6,714 shares. Panagora Asset Mgmt holds 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 1,700 shares. Florida-based Raymond James And Associates has invested 0.01% in Coherent, Inc. (NASDAQ:COHR). Federated Pa reported 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR). British Columbia Mgmt has invested 0.04% in Coherent, Inc. (NASDAQ:COHR). Stone Ridge Asset Management Ltd Llc has invested 0.03% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Moreover, Hanson And Doremus Mgmt has 0% invested in Coherent, Inc. (NASDAQ:COHR) for 20 shares. Prudential Incorporated owns 15,992 shares. Vanguard Group Inc Incorporated, a Pennsylvania-based fund reported 2.18M shares. Dupont Cap Corp has 0.01% invested in Coherent, Inc. (NASDAQ:COHR) for 2,592 shares. Ameritas Inv Ptnrs holds 7,369 shares or 0.06% of its portfolio. Sandhill Cap Prtnrs Ltd Llc owns 50,560 shares for 1.25% of their portfolio.

Since August 14, 2018, it had 0 insider purchases, and 1 insider sale for $2.36 million activity.

Skylands Capital Llc increased its stake in Coherent Inc (COHR) by 25.2% based on its latest 2018Q2 regulatory filing with the SEC. Skylands Capital Llc bought 44,825 shares as the company’s stock rose 9.92% with the market. The hedge fund held 222,700 shares of the capital goods company at the end of 2018Q2, valued at $34.84M, up from 177,875 at the end of the previous reported quarter. Skylands Capital Llc who had been investing in Coherent Inc for a number of months, seems to be bullish on the $4.45 billion market cap company. The stock increased 2.14% or $3.84 during the last trading session, reaching $183.2. About 327,631 shares traded. Coherent, Inc. (NASDAQ:COHR) has declined 30.39% since September 16, 2017 and is downtrending. It has underperformed by 46.01% the S&P500.

Skylands Capital Llc, which manages about $986.41 million and $759.83 million US Long portfolio, decreased its stake in National Cinemedia Inc (NASDAQ:NCMI) by 514,400 shares to 165,150 shares, valued at $1.39 million in 2018Q2, according to the filing. It also reduced its holding in Casella Waste Sys Inc (NASDAQ:CWST) by 171,225 shares in the quarter, leaving it with 339,975 shares, and cut its stake in Cogent Communications Hldgs (NASDAQ:CCOI).

More news for Coherent, Inc. (NASDAQ:COHR) were recently published by: Fortune.com, which released: “Coherent” on August 21, 2018. Nasdaq.com‘s article titled: “Why Coherent, Inc. Stock Gained 20.6% in August” and published on September 11, 2018 is yet another important article.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 2 analysts covering Coherent (NASDAQ:COHR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 3 analyst reports since May 2, 2018 according to SRatingsIntel. The company was maintained on Friday, July 27 by Stifel Nicolaus. The rating was maintained by Barclays Capital on Wednesday, May 2 with “Overweight”. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, May 10.

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

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