As Colfax Corp (CFX) Stock Declined, Lincoln Capital LLC Upped Its Holding by $6.22 Million

April 17, 2018 - By Stephen Andrade

Investors sentiment decreased to 0.67 in 2017 Q4. Its down 0.39, from 1.06 in 2017Q3. It is negative, as 53 investors sold CFX shares while 67 reduced holdings. 26 funds opened positions while 54 raised stakes. 93.24 million shares or 2.67% more from 90.81 million shares in 2017Q3 were reported. State Board Of Administration Of Florida Retirement Sys invested in 133,852 shares or 0.01% of the stock. Old West Inv Management Lc accumulated 1.08% or 47,661 shares. Tudor Invest Et Al owns 13,903 shares. The Connecticut-based Cubist Systematic Strategies Ltd Company has invested 0% in Colfax Corporation (NYSE:CFX). Moreover, Lafayette Invs has 2.61% invested in Colfax Corporation (NYSE:CFX). The North Carolina-based Wedge Mngmt L LP Nc has invested 0.59% in Colfax Corporation (NYSE:CFX). Susquehanna Gru Incorporated Llp has invested 0% in Colfax Corporation (NYSE:CFX). Group One Trading LP stated it has 0% of its portfolio in Colfax Corporation (NYSE:CFX). Comerica Bank & Trust has 0.05% invested in Colfax Corporation (NYSE:CFX) for 190,440 shares. Citadel Advsr Ltd Company accumulated 1.98M shares. Jefferies Grp Inc Limited Com, a New York-based fund reported 10,292 shares. Markel Corporation invested 0.85% in Colfax Corporation (NYSE:CFX). 25,472 are held by Cipher Cap Ltd Partnership. Point72 Asset Lp reported 82,800 shares stake. Voya Invest Mgmt Limited Liability Corporation has 23,851 shares.

Lincoln Capital Llc increased its stake in Colfax Corp (CFX) by 7978.15% based on its latest 2017Q4 regulatory filing with the SEC. Lincoln Capital Llc bought 159,563 shares as the company’s stock declined 20.10% with the market. The institutional investor held 161,563 shares of the fluid controls company at the end of 2017Q4, valued at $6.40M, up from 2,000 at the end of the previous reported quarter. Lincoln Capital Llc who had been investing in Colfax Corp for a number of months, seems to be bullish on the $4.05B market cap company. The stock increased 2.21% or $0.71 during the last trading session, reaching $32.79. About 121,919 shares traded. Colfax Corporation (NYSE:CFX) has declined 17.80% since April 17, 2017 and is downtrending. It has underperformed by 29.35% the S&P500.

Lincoln Capital Llc, which manages about $168.21 million and $179.20M US Long portfolio, decreased its stake in Sabre Corp (NASDAQ:SABR) by 155,668 shares to 19,246 shares, valued at $395,000 in 2017Q4, according to the filing.

Colfax Corporation (NYSE:CFX) Ratings Coverage

Among 10 analysts covering Colfax (NYSE:CFX), 7 have Buy rating, 2 Sell and 1 Hold. Therefore 70% are positive. Colfax has $50.0 highest and $29 lowest target. $37.38’s average target is 14.00% above currents $32.79 stock price. Colfax had 21 analyst reports since October 18, 2017 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Monday, November 6 with “Buy”. Cowen & Co downgraded the shares of CFX in report on Wednesday, October 18 to “Market Perform” rating. The rating was maintained by Cowen & Co with “Hold” on Tuesday, December 5. The firm earned “Buy” rating on Wednesday, April 4 by Robert W. Baird. The firm earned “Buy” rating on Tuesday, December 19 by RBC Capital Markets. Cowen & Co maintained Colfax Corporation (NYSE:CFX) on Wednesday, March 14 with “Hold” rating. The stock of Colfax Corporation (NYSE:CFX) has “Buy” rating given on Tuesday, November 7 by Robert W. Baird. Citigroup maintained the shares of CFX in report on Monday, April 9 with “Sell” rating. The firm has “Buy” rating given on Thursday, October 26 by Robert W. Baird. RBC Capital Markets maintained the shares of CFX in report on Sunday, February 11 with “Buy” rating.

Colfax Corporation (NYSE:CFX) Institutional Positions Chart

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