Tiffany & Co New (TIF) Stock Price Rose While Contravisory Investment Management INC Has Raised Stake

March 16, 2018 - By Hazel Jackson

Contravisory Investment Management Inc increased its stake in Tiffany & Co New (TIF) by 1250.12% based on its latest 2017Q3 regulatory filing with the SEC. Contravisory Investment Management Inc bought 47,392 shares as the company’s stock rose 7.82% with the market. The institutional investor held 51,183 shares of the consumer specialties company at the end of 2017Q3, valued at $4.70M, up from 3,791 at the end of the previous reported quarter. Contravisory Investment Management Inc who had been investing in Tiffany & Co New for a number of months, seems to be bullish on the $12.23 billion market cap company. The stock decreased 4.22% or $4.33 during the last trading session, reaching $98.38. About 4.91M shares traded or 264.35% up from the average. Tiffany & Co. (NYSE:TIF) has risen 46.84% since March 16, 2017 and is uptrending. It has outperformed by 30.14% the S&P500.

Contravisory Investment Management Inc, which manages about $746.49M and $280.23M US Long portfolio, decreased its stake in Seagate Technology Plc (NASDAQ:STX) by 105,820 shares to 106 shares, valued at $4,000 in 2017Q3, according to the filing.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Among 28 analysts covering Tiffany & Co. (NYSE:TIF), 15 have Buy rating, 0 Sell and 13 Hold. Therefore 54% are positive. Tiffany & Co. had 86 analyst reports since July 29, 2015 according to SRatingsIntel. As per Monday, October 2, the company rating was upgraded by HSBC. On Wednesday, October 7 the stock rating was initiated by Citigroup with “Buy”. On Wednesday, May 18 the stock rating was maintained by Cowen & Co with “Market Perform”. The rating was maintained by Needham with “Hold” on Monday, October 16. Guggenheim initiated Tiffany & Co. (NYSE:TIF) on Friday, September 30 with “Buy” rating. The stock has “Buy” rating by Oppenheimer on Wednesday, June 21. The firm earned “Buy” rating on Thursday, September 28 by Jefferies. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, October 3. The firm earned “Buy” rating on Tuesday, June 6 by Jefferies. The firm has “Buy” rating by Oppenheimer given on Thursday, July 13.

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