As Coherent INC (COHR) Market Value Rose, Skylands Capital LLC Has Raised Stake by $6.99 Million

September 16, 2018 - By James Douglas

Coherent, Inc. (NASDAQ:COHR) LogoInvestors sentiment decreased to 0.85 in Q2 2018. Its down 0.31, from 1.16 in 2018Q1. It is negative, as 70 investors sold COHR shares while 85 reduced holdings. 46 funds opened positions while 86 raised stakes. 22.05 million shares or 4.47% less from 23.08 million shares in 2018Q1 were reported. Oakbrook Investments Lc has 2,225 shares. Jefferies Gp Llc reported 2,693 shares stake. Piedmont Inv Advisors Limited Liability Company reported 3 shares or 0% of all its holdings. Earnest Partners Ltd Liability Corp holds 0.67% or 455,801 shares in its portfolio. M&T Fincl Bank Corp stated it has 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Capital Advisors Ok owns 0.35% invested in Coherent, Inc. (NASDAQ:COHR) for 37,244 shares. Bradley Foster & Sargent Inc Ct stated it has 0.3% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Comerica Financial Bank owns 18,989 shares or 0.02% of their US portfolio. The Virgin Islands – British-based Shanda Asset Mgmt Holding has invested 0.29% in Coherent, Inc. (NASDAQ:COHR). Amer Century Companies invested in 1,277 shares. Louisiana State Employees Retirement System invested in 0.05% or 6,700 shares. Nelson Van Denburg And Campbell Wealth Management Gru Ltd Com holds 50 shares or 0% of its portfolio. Albion Financial Gp Ut holds 2,906 shares or 0.07% of its portfolio. Teachers Retirement System Of The State Of Kentucky stated it has 4,703 shares or 0.01% of all its holdings. Dimensional Fund Advsrs LP holds 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 228,658 shares.

Since August 14, 2018, it had 0 buys, and 1 sale for $2.36 million activity.

Skylands Capital Llc increased its stake in Coherent Inc (COHR) by 25.2% based on its latest 2018Q2 regulatory filing with the SEC. Skylands Capital Llc bought 44,825 shares as the company’s stock rose 9.92% with the market. The hedge fund held 222,700 shares of the capital goods company at the end of 2018Q2, valued at $34.84 million, up from 177,875 at the end of the previous reported quarter. Skylands Capital Llc who had been investing in Coherent Inc for a number of months, seems to be bullish on the $4.45 billion market cap company. The stock increased 2.14% or $3.84 during the last trading session, reaching $183.2. About 327,631 shares traded. Coherent, Inc. (NASDAQ:COHR) has declined 30.39% since September 16, 2017 and is downtrending. It has underperformed by 46.01% the S&P500.

Skylands Capital Llc, which manages about $986.41M and $759.83 million US Long portfolio, decreased its stake in National Cinemedia Inc (NASDAQ:NCMI) by 514,400 shares to 165,150 shares, valued at $1.39M in 2018Q2, according to the filing. It also reduced its holding in Cogent Communications Hldgs (NASDAQ:CCOI) by 94,300 shares in the quarter, leaving it with 261,550 shares, and cut its stake in Signet Jewelers Limited (NYSE:SIG).

More news for Coherent, Inc. (NASDAQ:COHR) were recently published by: Nasdaq.com, which released: “Why Coherent, Inc. Stock Gained 20.6% in August” on September 11, 2018. Fortune.com‘s article titled: “Coherent” and published on August 21, 2018 is yet another important article.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 2 analysts covering Coherent (NASDAQ:COHR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 3 analyst reports since May 2, 2018 according to SRatingsIntel. Barclays Capital maintained Coherent, Inc. (NASDAQ:COHR) rating on Wednesday, May 2. Barclays Capital has “Overweight” rating and $218 target. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Stifel Nicolaus on Thursday, May 10. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Stifel Nicolaus on Friday, July 27.

Coherent, Inc. (NASDAQ:COHR) Institutional Positions Chart

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