Globeflex Capital LP Decreased Its Coherent INC (COHR) Stake by $4.02 Million; Shares Declined

May 16, 2018 - By Lisa Delgado

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 is negative. 97 increased stakes while 60 funds took stakes. Funds hold 22.70 million shares thus 2.26% less from 2017Q3’s 23.23 million shares. Gemmer Asset Llc has 29 shs. First Quadrant LP Ca reported 1 shs. Alps Advsr has 1,839 shs for 0% of their capital. The Maryland-based Price T Rowe Assoc Md has invested 0.1% in Coherent, Inc. (NASDAQ:COHR). Amalgamated Bancorp has invested 0.04% of its capital in Coherent, Inc. (NASDAQ:COHR). Raymond James holds 26,557 shs or 0.01% of its capital. Coldstream Cap Management invested in 1,095 shs. Prudential Fincl reported 16,946 shs stake. Cortina Asset Mgmt Ltd Liability Corp accumulated 18,838 shs. Principal Group Inc Inc invested 0.03% in Coherent, Inc. (NASDAQ:COHR). Scout Investments has invested 0.48% in Coherent, Inc. (NASDAQ:COHR). Canada Pension Plan Inv Board accumulated 10,000 shs. Telemark Asset Mngmt Ltd Company owns 120,000 shs for 6.64% of their capital. First Manhattan invested in 0% or 200 shs. Citigroup has 1,604 shs for 0% of their capital.

COHR registered $517,735 net activity with 0 buys and 2 sales since January 4, 2018. 500 shs valued at $106,135 were sold by SKAGGS STEPHEN A on Monday, February 12.

The holdings In Coherent Inc (COHR) was reduced owned by Globeflex Capital L P. According to 2017Q4 Securities and Exchange form the decrease is 87.11%. 14,253 shares were sold by Globeflex Capital LP as the company’s stock declined 35.76% with the market. At the end of 2017Q4, the 2,109 shares of the capital goods company held by the institutional investor were priced at $595,000, down from 16,362 at the end of the previous reported quarter. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

On August, 7. Investors expect Coherent, Inc. (NASDAQ:COHR) to publish its quarterly earnings, 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. If $3.60 is reported, COHR’s profit will hit $89.55M for 12.43 P/E. After $3.37 EPS was reported previous quarter, analysts now see EPS growth of 6.82 % for Coherent, Inc..

For more Coherent, Inc. (NASDAQ:COHR) news released recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Streetinsider.com or Seekingalpha.com. The titles are as follows: “Coherent: Solid Results, Weak Sentiment” released on May 09, 2018, “BofI Is Inexpensive – Cramer’s Lightning Round (4/30/18)” on May 01, 2018, “Coherent: Time To Buy” with a publish date: April 18, 2018, “Stifel Resumes Coherent (COHR) at Buy” and the last “Coherent -2.5% on mixed Q2; Needham defends” with publication date: May 02, 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 rating was maintained by Needham with “Buy”. On Thursday, February 8 the rating was maintained by Stifel Nicolaus with “Buy”. In Thursday, May 10 report Stifel Nicolaus maintained it with “Buy” rating and $248 target. On Thursday, February 8 the company was maintained by Barclays Capital. On Wednesday, May 2 the rating was maintained by Barclays Capital with “Overweight”. On Thursday, February 8 the firm has “Buy” rating by Susquehanna given. On Monday, February 12 the stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given by Northcoast.

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

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