SEC Filings On Watch: Nike INC (NKE) Stock Price Declined While Ycg LLC Increased by $3.64 Million Its Stake

SEC Filings On Watch: Nike INC (NKE) Stock Price Declined While Ycg LLC Increased by $3.64 Million Its Stake

Ycg Llc increased its stake in Nike Inc (NKE) by 65.97% based on its latest 2016Q3 regulatory filing with the SEC. Ycg Llc bought 70,066 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 176,274 shares of the consumer non-durables company at the end of 2016Q3, valued at $9.28M, up from 106,208 at the end of the previous reported quarter. Ycg Llc who had been investing in Nike Inc for a number of months, seems to be bullish on the $87.03 billion market cap company. The stock is down 0.45% or $0.24 hitting $52.87, despite the positive news. About 3.44M shares traded hands. Nike Inc (NYSE:NKE) has declined 0.82% since June 7, 2016 and is downtrending. It has underperformed by 8.24% the S&P500.

Ycg Llc, which manages about $279.00 million and $326.26 million US Long portfolio, decreased its stake in Hershey Co (NYSE:HSY) by 41,736 shares to 43,286 shares, valued at $4.14M in 2016Q3, according to the filing.

Ycg Llc is a Texas-based institutional investor with more than $279.00 million AUM in April, 2014. Taken from Ycg latest Adv, the fund reported to have 5 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q3. Its up 0.07, from 0.87 in 2016Q2. The ratio improved, as 88 funds sold all NKE shares owned while 447 reduced positions. 101 funds bought stakes while 404 increased positions. They now own 998.81 million shares or 2.39% less from 1.02 billion shares in 2016Q2. Service Automobile Association last reported 715,178 shares in the company. Van Hulzen Asset Mngmt Ltd Limited Liability Company has 52,085 shares for 1.49% of their US portfolio. Hm Payson accumulated 82,674 shares or 0.21% of the stock. New Jersey Better Educational Savings Trust owns 11,000 shares or 0.37% of their US portfolio. Pinnacle Prns holds 0.36% or 28,143 shares in its portfolio. Martingale Asset Mngmt Limited Partnership holds 14,592 shares or 0.01% of its portfolio. Wfg Lp holds 0.19% or 14,184 shares in its portfolio. Spot Trading Limited Liability Corporation has 0.13% invested in the company for 119,780 shares. Rosenblum Silverman Sutton S F Ca last reported 52,847 shares in the company. Valley Advisers last reported 0% of its portfolio in the stock. D E Shaw owns 1.74 million shares or 0.16% of their US portfolio. Cohen Steers has 59,800 shares for 0.01% of their US portfolio. Regions Finance holds 174,858 shares or 0.12% of its portfolio. The Missouri-based Plancorp Ltd has invested 0.38% in Nike Inc (NYSE:NKE). Atwood Palmer has 0% invested in the company for 444 shares.

Insider Transactions: Since July 25, 2016, the stock had 1 insider buy, and 5 sales for $34.88 million net activity. The insider PARKER MARK G sold 150,000 shares worth $7.47 million. 136,000 shares with value of $7.09M were sold by Slusher John F on Tuesday, January 3. 200,000 shares were sold by Ayre David J, worth $10.48 million. Another trade for 100,000 shares valued at $5.70 million was made by Krane Hilary K on Monday, July 25. 1,000 shares with value of $52,717 were bought by LECHLEITER JOHN C on Friday, September 30.

More notable recent Nike Inc (NYSE:NKE) news were published by: Fool.com which released: “Nike, Inc. Delivers Another Great Quarter” on December 21, 2016, also Seekingalpha.com with their article: “Nike: Bullish On Holiday Sales” published on January 09, 2017, Fool.com published: “5 Quick Takes From Nike Inc.’s Mixed Earnings” on December 23, 2016. More interesting news about Nike Inc (NYSE:NKE) were released by: Investorplace.com and their article: “Here’s Why Nike Inc Stock Can Rebound in 2017 (NKE)” published on January 03, 2017 as well as Seekingalpha.com‘s news article titled: “Nike: Looking Ahead And Predictions For 2017” with publication date: January 09, 2017.

According to Zacks Investment Research, “Nike, Inc.’s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.”

Nike Inc (NYSE:NKE) Ratings Coverage

Out of 35 analysts covering Nike Inc. (NYSE:NKE), 22 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 63% are positive. Nike Inc. has been the topic of 111 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Brean Capital downgraded the shares of NKE in a report on Wednesday, September 28 to “Hold” rating. The firm has “Buy” rating given on Monday, October 19 by BB&T Capital. The rating was maintained by DA Davidson with “Buy” on Wednesday, September 28. Canaccord Genuity maintained it with “Hold” rating and $56 target price in Wednesday, June 29 report. The stock of Nike Inc (NYSE:NKE) has “Buy” rating given on Wednesday, June 29 by Brean Capital. Deutsche Bank maintained Nike Inc (NYSE:NKE) on Wednesday, September 16 with “Buy” rating. B. Riley & Co maintained it with “Buy” rating and $135 target price in Friday, September 25 report. DA Davidson maintained Nike Inc (NYSE:NKE) rating on Monday, December 28. DA Davidson has “Buy” rating and $78 price target. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, March 23. The rating was downgraded by Bank of America on Monday, October 31 to “Underperform”.

NKE Company Profile

NIKE, Inc., incorporated on September 8, 1969, is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. The Firm sells its products to retail accounts, through its retail stores and Internet Websites, and through a mix of independent distributors and licensees across the world. The Company’s products are manufactured by independent contractors.

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