Nelnet INC (NNI) Shareholder Farmers & Merchants Investments INC Decreased Its Position by $9.24 Million as Share Price Declined

March 16, 2018 - By Henry Gaston

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.01, from 0.87 in 2017Q2. It worsened, as 10 investors sold NNI shares while 41 reduced holdings. 11 funds opened positions while 33 raised stakes. 15.98 million shares or 5.39% less from 16.90 million shares in 2017Q2 were reported. Manufacturers Life Communication The invested in 0% or 15,684 shares. Mcf Advsrs Limited Com reported 27 shares stake. Wellington Grp Limited Liability Partnership accumulated 27,348 shares. 379,969 were reported by Prudential Financial. Bluecrest reported 0.01% in Nelnet, Inc. (NYSE:NNI). Bnp Paribas Arbitrage Sa holds 3,510 shares. Alliancebernstein Limited Partnership holds 0% or 90,727 shares in its portfolio. The Pennsylvania-based Federated Invsts Pa has invested 0.01% in Nelnet, Inc. (NYSE:NNI). Millennium Mngmt Lc has 0% invested in Nelnet, Inc. (NYSE:NNI). Envestnet Asset Mgmt owns 179 shares. Employees Retirement Of Ohio owns 2,099 shares. Prescott Cap Mngmt Ltd Com holds 0.46% in Nelnet, Inc. (NYSE:NNI) or 44,537 shares. Cwm Limited Liability Co stated it has 7 shares or 0% of all its holdings. Brandywine Glob Inv Management Lc holds 0.03% or 104,248 shares. Price T Rowe Associates Incorporated Md holds 3,978 shares or 0% of its portfolio.

Since September 19, 2017, it had 0 buys, and 6 selling transactions for $526,060 activity. 2,000 shares valued at $96,760 were sold by MUHLEISEN ANGIE on Tuesday, September 19.

Farmers & Merchants Investments Inc decreased its stake in Nelnet Inc. (NNI) by 10.1% based on its latest 2017Q3 regulatory filing with the SEC. Farmers & Merchants Investments Inc sold 184,720 shares as the company’s stock declined 21.49% while stock markets rallied. The institutional investor held 1.64M shares of the finance company at the end of 2017Q3, valued at $83.06M, down from 1.83M at the end of the previous reported quarter. Farmers & Merchants Investments Inc who had been investing in Nelnet Inc. for a number of months, seems to be less bullish one the $2.21B market cap company. The stock increased 1.57% or $0.84 during the last trading session, reaching $54.25. About 146,269 shares traded or 57.58% up from the average. Nelnet, Inc. (NYSE:NNI) has risen 13.42% since March 16, 2017 and is uptrending. It has underperformed by 3.28% the S&P500.

Farmers & Merchants Investments Inc, which manages about $1.27 billion US Long portfolio, upped its stake in Ishares S&P 500 Index Fund (IVV) by 28,383 shares to 139,748 shares, valued at $35.35 million in 2017Q3, according to the filing.

Nelnet, Inc. (NYSE:NNI) Ratings Coverage

Among 2 analysts covering Nelnet (NYSE:NNI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nelnet had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Monday, November 9 by Compass Point. The stock has “Outperform” rating by Credit Suisse on Friday, August 7. The firm has “Buy” rating given on Friday, August 7 by Compass Point. The rating was maintained by Compass Point with “Buy” on Tuesday, February 6. Compass Point upgraded the shares of NNI in report on Thursday, October 19 to “Buy” rating. The firm earned “Neutral” rating on Wednesday, August 9 by Compass Point. The stock has “Neutral” rating by Credit Suisse on Friday, October 20. Credit Suisse downgraded the stock to “Neutral” rating in Monday, November 14 report.

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