Envestnet INC (ENV) Holder Three Corner Global Investors LP Has Decreased Position

May 17, 2018 - By Hannah Black

Envestnet, Inc. (NYSE:ENV) LogoInvestors sentiment decreased to 1.73 in Q4 2017. Its down 0.53, from 2.26 in 2017Q3. It dropped, as 13 investors sold ENV shares while 46 reduced holdings. 43 funds opened positions while 59 raised stakes. 40.01 million shares or 0.71% less from 40.29 million shares in 2017Q3 were reported. Virginia Retirement Et Al invested 0.02% of its portfolio in Envestnet, Inc. (NYSE:ENV). Moreover, Morgan Stanley has 0% invested in Envestnet, Inc. (NYSE:ENV). Fdx Advsr accumulated 6,028 shares. Brown Advisory holds 0.09% or 587,838 shares. Tygh reported 105,688 shares. California State Teachers Retirement stated it has 0.01% in Envestnet, Inc. (NYSE:ENV). Proshare Ltd Llc holds 0% of its portfolio in Envestnet, Inc. (NYSE:ENV) for 6,397 shares. Atlantic Trust Group Inc Ltd Co stated it has 36,604 shares. Waddell & Reed Fincl holds 0.05% or 415,180 shares in its portfolio. Cramer Rosenthal Mcglynn Ltd Limited Liability Company holds 365,870 shares or 0.29% of its portfolio. State Common Retirement Fund reported 0% stake. 3,509 are held by Public Employees Retirement Association Of Colorado. Front Barnett Limited Liability has invested 0.07% in Envestnet, Inc. (NYSE:ENV). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 2,784 shares or 0% of the stock. Eam Investors Ltd Limited Liability Company stated it has 49,750 shares or 0.33% of all its holdings.

Since December 8, 2017, it had 1 buy, and 20 insider sales for $7.56 million activity. D’Arrigo Peter sold $1.49 million worth of stock. $150,000 worth of Envestnet, Inc. (NYSE:ENV) was sold by O’Brien Shelly. 10,000 Envestnet, Inc. (NYSE:ENV) shares with value of $538,815 were sold by Arora Anil. 2,000 shares were sold by Mayer Joshua, worth $99,500. Another trade for 271 shares valued at $15,595 was bought by Roame Charles. Grinis Scott D also sold $2.39M worth of Envestnet, Inc. (NYSE:ENV) shares.

Three Corner Global Investors Lp decreased its stake in Envestnet Inc (ENV) by 46.39% based on its latest 2017Q4 regulatory filing with the SEC. Three Corner Global Investors Lp sold 232,103 shares as the company’s stock rose 11.35% while stock markets declined. The hedge fund held 268,197 shares of the miscellaneous company at the end of 2017Q4, valued at $13.37M, down from 500,300 at the end of the previous reported quarter. Three Corner Global Investors Lp who had been investing in Envestnet Inc for a number of months, seems to be less bullish one the $2.49B market cap company. The stock increased 0.46% or $0.25 during the last trading session, reaching $55.05. About 33,325 shares traded. Envestnet, Inc. (NYSE:ENV) has risen 84.10% since May 17, 2017 and is uptrending. It has outperformed by 72.55% the S&P500.

Analysts await Envestnet, Inc. (NYSE:ENV) to report earnings on August, 14. They expect $0.29 EPS, up 70.59 % or $0.12 from last year’s $0.17 per share. ENV’s profit will be $13.11M for 47.46 P/E if the $0.29 EPS becomes a reality. After $0.24 actual EPS reported by Envestnet, Inc. for the previous quarter, Wall Street now forecasts 20.83 % EPS growth.

More notable recent Envestnet, Inc. (NYSE:ENV) news were published by: Prnewswire.com which released: “New Envestnet Insurance Exchange Integrates Insurance Solutions into Wealth Management Practice” on May 16, 2018, also Businesswire.com with their article: “Envestnet Reports First Quarter 2018 Financial Results” published on May 09, 2018, Prnewswire.com published: “Envestnet | Tamarac to Announce Financial Planning Capabilities at Advisor Summit” on May 15, 2018. More interesting news about Envestnet, Inc. (NYSE:ENV) were released by: Seekingalpha.com and their article: “Banks, fintechs seek clarity on consumer data-sharing standards” published on May 11, 2018 as well as Prnewswire.com‘s news article titled: “Envestnet’s Technology Roadmap Focuses on Client Engagement and Enhanced Data Aggregation” with publication date: May 17, 2018.

Envestnet, Inc. (NYSE:ENV) Ratings Coverage

Among 4 analysts covering Envestnet Inc (NYSE:ENV), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Envestnet Inc had 5 analyst reports since January 4, 2018 according to SRatingsIntel. As per Tuesday, April 10, the company rating was maintained by Sandler O’Neill. The stock of Envestnet, Inc. (NYSE:ENV) has “Hold” rating given on Friday, February 23 by Sandler O’Neill. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, January 4 report. The company was maintained on Wednesday, January 17 by Jefferies.

Envestnet, Inc. (NYSE:ENV) Institutional Positions Chart

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