Coherent INC (COHR) Holder Skylands Capital LLC Has Upped Its Stake by $7.92 Million

June 19, 2017 - By Stephen Andrade

Investors sentiment decreased to 1.05 in 2016 Q4. Its down 0.03, from 1.08 in 2016Q3. It worsened, as 21 investors sold COHR shares while 96 reduced holdings. 58 funds opened positions while 65 raised stakes. 22.39 million shares or 0.42% less from 22.48 million shares in 2016Q3 were reported. Invesco Limited reported 0.02% stake. Aqr Capital Mgmt Ltd Limited Liability Company owns 69,680 shares. Legal & General Gp Public Limited Company stated it has 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Tiaa Cref Invest Ltd Com stated it has 109,627 shares or 0.01% of all its holdings. Nationwide Fund Advsr has 40,861 shares. The Wisconsin-based Mason Street Limited Liability Company has invested 0.02% in Coherent, Inc. (NASDAQ:COHR). Natixis reported 2,661 shares stake. Blackrock Fund Advisors, a California-based fund reported 1.88M shares. Teacher Retirement System Of Texas invested 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Blackrock Invest Management Limited Liability Co has invested 0.02% in Coherent, Inc. (NASDAQ:COHR). Hsbc Public accumulated 5,307 shares or 0% of the stock. Axa holds 0.02% in Coherent, Inc. (NASDAQ:COHR) or 29,800 shares. Franklin Resource holds 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 5,100 shares. Kingdom Ridge Capital Lc holds 1.65% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 35,800 shares. Blackrock Institutional Tru Na, a California-based fund reported 632,053 shares.

Since February 1, 2017, it had 0 insider buys, and 15 insider sales for $22.11 million activity. SKAGGS STEPHEN A sold $99,065 worth of stock or 500 shares. $653,175 worth of stock was sold by DiMarco Bret on Friday, May 5. On Wednesday, February 8 the insider Sechrist Paul F sold $727,880. $100,520 worth of Coherent, Inc. (NASDAQ:COHR) shares were sold by SPINELLI LUIS. Shares for $5.24M were sold by AMBROSEO JOHN on Monday, February 13. 2,000 shares were sold by FLATLEY JAY T, worth $388,000 on Friday, February 17.

Charles Paquelet increased its stake in Coherent Inc (COHR) by 49.83% based on its latest 2016Q4 regulatory filing with the SEC. Skylands Capital Llc bought 57,825 shares as the company’s stock rose 26.93% with the market. The hedge fund run by Charles Paquelet held 173,875 shares of the capital goods company at the end of 2016Q4, valued at $23.89M, up from 116,050 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 $6.10B market cap company. It closed at $241 lastly. It is down 187.82% since June 19, 2016 and is uptrending. It has outperformed by 171.12% the S&P500.

Skylands Capital Llc, which manages about $986.41M and $657.82M US Long portfolio, decreased its stake in Ryder Sys Inc (NYSE:R) by 65,300 shares to 31,150 shares, valued at $2.32M in 2016Q4, according to the filing. It also reduced its holding in American Tower Corp New (NYSE:AMT) by 35,100 shares in the quarter, leaving it with 111,100 shares, and cut its stake in Gatx Corp (NYSE:GMT).

More recent Coherent, Inc. (NASDAQ:COHR) news were published by: Seekingalpha.com which released: “Coherent: A Bright Future Ahead” on April 19, 2017. Also Prnewswire.com published the news titled: “Coherent, Inc. Reports Second Fiscal Quarter Results” on May 09, 2017. Nasdaq.com‘s news article titled: “Coherent Inc (COHR) Pres. and CEO John Ambroseo Sold $6.2 million of Shares” with publication date: May 24, 2017 was also an interesting one.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 6 analysts covering Coherent (NASDAQ:COHR), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Coherent has $325 highest and $72 lowest target. $195’s average target is -19.09% below currents $241 stock price. Coherent had 13 analyst reports since August 3, 2015 according to SRatingsIntel. As per Friday, January 29, the company rating was maintained by Needham. The firm has “Buy” rating given on Thursday, November 3 by Needham. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, January 3 report. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by TheStreet on Wednesday, September 2. The stock of Coherent, Inc. (NASDAQ:COHR) has “Neutral” rating given on Wednesday, February 15 by Susquehanna. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Monday, March 7 by Stifel Nicolaus. The firm has “Buy” rating given on Monday, June 12 by Longbow. As per Monday, May 23, the company rating was maintained by Benchmark. The rating was maintained by Benchmark with “Buy” on Thursday, November 10. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Stifel Nicolaus on Friday, January 29.

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