Beddow Capital Management Boosted National Oilwell Varco (NOV) Position By $2.34 Million; Acacia Communications (ACIA) Shorts Down By 9.08%

January 1, 2018 - By Winifred Garcia

Beddow Capital Management Inc increased National Oilwell Varco (NOV) stake by 141.36% reported in 2017Q3 SEC filing. Beddow Capital Management Inc acquired 64,925 shares as National Oilwell Varco (NOV)’s stock declined 11.45%. The Beddow Capital Management Inc holds 110,855 shares with $4.07 million value, up from 45,930 last quarter. National Oilwell Varco now has $13.69B valuation. The stock increased 1.49% or $0.53 during the last trading session, reaching $36.02. About 2.43M shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since January 1, 2017 and is uptrending. It has underperformed by 4.73% the S&P500.

Acacia Communications Incorporated (NASDAQ:ACIA) had a decrease of 9.08% in short interest. ACIA’s SI was 7.61M shares in January as released by FINRA. Its down 9.08% from 8.37M shares previously. With 400,900 avg volume, 19 days are for Acacia Communications Incorporated (NASDAQ:ACIA)’s short sellers to cover ACIA’s short positions. The SI to Acacia Communications Incorporated’s float is 40.51%. The stock decreased 1.90% or $0.7 during the last trading session, reaching $36.23. About 384,894 shares traded. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 55.67% since January 1, 2017 and is uptrending. It has outperformed by 38.97% the S&P500.

Acacia Communications, Inc. develops, makes, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company has market cap of $1.43 billion. The Company’s products include a series of low-power coherent digital signal processors application-specific integrated circuits and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. It has a 13.48 P/E ratio. The firm sells its products through a direct sales force to network equipment manufacturers.

Among 5 analysts covering Acacia Communications (NASDAQ:ACIA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Acacia Communications had 9 analyst reports since June 7, 2016 according to SRatingsIntel. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) has “Buy” rating given on Tuesday, June 7 by Needham. Deutsche Bank initiated it with “Buy” rating and $50 target in Tuesday, June 7 report. Needham maintained the stock with “Buy” rating in Friday, August 12 report. Cowen & Co initiated Acacia Communications, Inc. (NASDAQ:ACIA) rating on Tuesday, June 7. Cowen & Co has “Outperform” rating and $53 target. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) earned “Equal-Weight” rating by Morgan Stanley on Thursday, December 8. Deutsche Bank maintained the stock with “Buy” rating in Thursday, July 14 report. The company was initiated on Tuesday, June 7 by Goldman Sachs. Needham maintained the shares of ACIA in report on Tuesday, October 11 with “Buy” rating. The rating was maintained by Deutsche Bank with “Buy” on Friday, September 9.

Among 34 analysts covering National Oilwell Varco (NYSE:NOV), 10 have Buy rating, 5 Sell and 19 Hold. Therefore 29% are positive. National Oilwell Varco had 106 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, April 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Sell” rating on Monday, August 7 by Suntrust Robinson. JP Morgan maintained the stock with “Neutral” rating in Monday, October 30 report. The company was maintained on Monday, October 30 by Barclays Capital. As per Friday, September 4, the company rating was maintained by Credit Suisse. The firm has “Buy” rating given on Monday, November 30 by Guggenheim. The rating was downgraded by Seaport Global to “Sell” on Thursday, December 1. Societe Generale upgraded the shares of NOV in report on Monday, October 31 to “Hold” rating. On Thursday, July 20 the stock rating was maintained by RBC Capital Markets with “Hold”. Credit Suisse upgraded the shares of NOV in report on Wednesday, February 8 to “Neutral” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts