Coherent INC (COHR) Stake Upped by Skylands Capital Llc

September 16, 2018 - By Lisa Delgado

Coherent, Inc. (NASDAQ:COHR) LogoInvestors sentiment decreased to 0.85 in 2018 Q2. Its down 0.31, from 1.16 in 2018Q1. It worsened, 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. Terril Brothers Inc has 2.76% invested in Coherent, Inc. (NASDAQ:COHR) for 57,393 shares. Schroder Investment Mgmt Grp invested in 19,500 shares. Westport Asset Mngmt reported 0.73% stake. 3,340 are owned by King Luther Mgmt Corp. British Columbia Inv Mgmt Corporation owns 27,500 shares for 0.04% of their portfolio. Royal Savings Bank Of Canada holds 282,539 shares. Walleye Trading Lc owns 13,098 shares. Albion Group Inc Ut invested in 2,906 shares or 0.07% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 6,714 shares. 28,288 were accumulated by Twin Tree Management L P. Verition Fund Ltd Limited Liability Company has 3,332 shares for 0.03% of their portfolio. Skylands Cap Limited Liability Company invested in 222,700 shares or 4.58% of the stock. Kennedy Management reported 29,671 shares. State Of New Jersey Common Pension Fund D reported 220,000 shares. Tci Wealth Advisors holds 0% or 9 shares in its portfolio.

Since August 14, 2018, it had 0 insider purchases, and 1 insider 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 $34.84M, 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 $4.45B 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 $986.41 million and $759.83 million US Long portfolio, decreased its stake in Continental Bldg Prods Inc (NYSE:CBPX) by 136,550 shares to 196,200 shares, valued at $6.19 million in 2018Q2, according to the filing. It also reduced its holding in National Cinemedia Inc (NASDAQ:NCMI) by 514,400 shares in the quarter, leaving it with 165,150 shares, and cut its stake in Kraton Corporation (NYSE:KRA).

More news for Coherent, Inc. (NASDAQ:COHR) were recently published by:, which released: “Coherent” on August 21, 2018.‘s article titled: “Why Coherent, Inc. Stock Gained 20.6% in August” and published on September 11, 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. On Thursday, May 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Stifel Nicolaus on Friday, July 27 with “Buy”. The stock has “Overweight” rating by Barclays Capital on Wednesday, May 2.

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

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