Skylands Capital LLC Holding in Coherent INC (COHR) Has Increased by $6.99 Million as Market Valuation Rose

November 10, 2018 - By Jason Grubb

Coherent, Inc. (NASDAQ:COHR) LogoInvestors sentiment decreased to 0.85 in Q2 2018. Its down 0.31, from 1.16 in 2018Q1. It turned 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. Capital Ok reported 37,244 shares. Greatmark Inv Prns holds 3,340 shares. Principal Group Inc holds 0.02% or 108,754 shares. Canada Pension Plan Inv Board has invested 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Financial Bank Of America De invested in 0% or 176,216 shares. Boston Family Office Llc reported 0.05% in Coherent, Inc. (NASDAQ:COHR). Artisan Limited Partnership holds 488,877 shares. Verition Fund Mngmt Ltd holds 3,332 shares or 0.03% of its portfolio. Landscape Cap Management Llc, a New Jersey-based fund reported 2,174 shares. 17,269 were reported by Arizona State Retirement. Kennedy Management invested in 0.09% or 29,671 shares. First Interstate National Bank & Trust invested 0.04% in Coherent, Inc. (NASDAQ:COHR). Massachusetts-based Amundi Pioneer Asset Mngmt has invested 0% in Coherent, Inc. (NASDAQ:COHR). Millennium Mngmt Ltd Llc, a New York-based fund reported 13,300 shares. Pictet Asset Mgmt Ltd owns 667,808 shares.

Since August 14, 2018, it had 0 buys, 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 $34.84 million, 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 $3.19B market cap company. The stock decreased 3.19% or $4.32 during the last trading session, reaching $131.3. About 293,601 shares traded. Coherent, Inc. (NASDAQ:COHR) has declined 30.39% since November 10, 2017 and is downtrending. It has underperformed by 46.01% the S&P500.

Skylands Capital Llc, which manages about $986.41M and $759.83M US Long portfolio, decreased its stake in Union Pac Corp (NYSE:UNP) by 23,350 shares to 455,900 shares, valued at $64.59M in 2018Q2, according to the filing. It also reduced its holding in Kennedy (NYSE:KW) by 217,500 shares in the quarter, leaving it with 530,100 shares, and cut its stake in Cogent Communications Hldgs (NASDAQ:CCOI).

More important recent Coherent, Inc. (NASDAQ:COHR) news were published by: Nasdaq.com which released: “Recent Analysis Shows National Presto Industries, Universal Forest Products, Coherent, Biglari, Urstadt Biddle …” on October 22, 2018, also Seekingalpha.com published article titled: “Coherent lowers FY guide on China slowdown”, Nasdaq.com published: “Why Coherent, Inc. Stock Fell 28.5% in October” on November 09, 2018. More interesting news about Coherent, Inc. (NASDAQ:COHR) was released by: Seekingalpha.com and their article: “Coherent’s (COHR) CEO John Ambroseo on Q4 2018 Results – Earnings Call Transcript” with publication date: November 07, 2018.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 3 analysts covering Coherent (NASDAQ:COHR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Coherent had 3 analyst reports since July 27, 2018 according to SRatingsIntel. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Friday, July 27 by Stifel Nicolaus. The rating was downgraded by Longbow on Tuesday, October 9 to “Neutral”. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, October 23.

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

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