Check Capital Management Has Decreased Carmax (KMX) Stake by $725,100 as Shares Declined; Broadridge Financial Solutions (BR) Holder Confluence Investment Management Has Lowered Its Holding by $488,720

February 15, 2018 - By marketbeat

Confluence Investment Management Llc decreased its stake in Broadridge Financial Solutions (BR) by 0.61% based on its latest 2017Q3 regulatory filing with the SEC. Confluence Investment Management Llc sold 6,109 shares as the company’s stock rose 6.96% with the market. The institutional investor held 987,997 shares of the miscellaneous company at the end of 2017Q3, valued at $79.85M, down from 994,106 at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Broadridge Financial Solutions for a number of months, seems to be less bullish one the $11.50B market cap company. The stock increased 1.23% or $1.2 during the last trading session, reaching $98.54. About 393,229 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 17.08% since February 15, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Check Capital Management Inc decreased its stake in Carmax (KMX) by 5.98% based on its latest 2017Q3 regulatory filing with the SEC. Check Capital Management Inc sold 9,668 shares as the company’s stock declined 3.39% while stock markets rallied. The hedge fund held 151,974 shares of the automotive aftermarket company at the end of 2017Q3, valued at $11.52 million, down from 161,642 at the end of the previous reported quarter. Check Capital Management Inc who had been investing in Carmax for a number of months, seems to be less bullish one the $11.62 billion market cap company. The stock increased 0.74% or $0.47 during the last trading session, reaching $64.25. About 3.07M shares traded or 27.13% up from the average. CarMax Inc. (NYSE:KMX) has risen 26.17% since February 15, 2017 and is uptrending. It has outperformed by 9.47% the S&P500.

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.01, from 1.02 in 2017Q2. It is negative, as 23 investors sold BR shares while 162 reduced holdings. 46 funds opened positions while 140 raised stakes. 95.51 million shares or 0.01% more from 95.50 million shares in 2017Q2 were reported. Martingale Asset Lp holds 0.49% or 447,756 shares. Camarda Fincl Lc has invested 0.02% in Broadridge Financial Solutions, Inc. (NYSE:BR). 503,464 are held by Jpmorgan Chase. Incline Ltd owns 434,248 shares for 2.9% of their portfolio. Korea Inv Corporation holds 37,100 shares. Sandy Spring National Bank invested in 0% or 25 shares. Pennsylvania Tru, a Pennsylvania-based fund reported 133,819 shares. Long Road Inv Counsel Limited Company invested 1.04% in Broadridge Financial Solutions, Inc. (NYSE:BR). Motley Fool Wealth Mngmt Lc stated it has 153,186 shares. Tci Wealth holds 113 shares or 0% of its portfolio. Ironwood Inv Counsel Ltd Liability Corporation accumulated 4,858 shares or 0.13% of the stock. The Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.02% in Broadridge Financial Solutions, Inc. (NYSE:BR). Clarkston Cap Prtn Lc invested 4.1% in Broadridge Financial Solutions, Inc. (NYSE:BR). First Citizens National Bank Co holds 6,316 shares. Pub Employees Retirement Sys Of Ohio stated it has 152,931 shares.

Among 7 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Broadridge Financial Solutions had 17 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Equal-Weight” rating by Barclays Capital on Friday, August 11. On Friday, August 14 the stock rating was upgraded by Zacks to “Sell”. As per Friday, January 8, the company rating was upgraded by Avondale. Barclays Capital maintained Broadridge Financial Solutions, Inc. (NYSE:BR) rating on Thursday, November 9. Barclays Capital has “Equal-Weight” rating and $85 target. Sandler O’Neill maintained the stock with “Hold” rating in Thursday, February 8 report. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Overweight” rating given on Wednesday, September 16 by Barclays Capital. The firm has “Market Perform” rating by Raymond James given on Tuesday, June 7. The firm has “Neutral” rating by JP Morgan given on Friday, August 14. The firm has “Equal-Weight” rating given on Wednesday, August 10 by Barclays Capital. Atlantic Securities initiated the shares of BR in report on Tuesday, September 13 with “Overweight” rating.

Confluence Investment Management Llc, which manages about $2.30 billion and $5.22 billion US Long portfolio, upped its stake in Alcentra Capital Corporation (NASDAQ:ABDC) by 38,055 shares to 247,583 shares, valued at $2.65M in 2017Q3, according to the filing. It also increased its holding in Stryker Corp. (NYSE:SYK) by 11,761 shares in the quarter, for a total of 570,177 shares, and has risen its stake in Msc Industrial Direct Co. Inc. (NYSE:MSM).

Check Capital Management Inc, which manages about $796.94 million and $3.35B US Long portfolio, upped its stake in Apple (NASDAQ:AAPL) by 9,340 shares to 18,680 shares, valued at $2.88 million in 2017Q3, according to the filing. It also increased its holding in Chevron (NYSE:CVX) by 3,727 shares in the quarter, for a total of 7,454 shares, and has risen its stake in Ibm (NYSE:IBM).

Among 17 analysts covering Carmax Inc (NYSE:KMX), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Carmax Inc had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The company was upgraded on Thursday, January 18 by Oppenheimer. Oppenheimer maintained the shares of KMX in report on Wednesday, April 12 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $78.0 target in Monday, February 12 report. The firm has “Hold” rating by Deutsche Bank given on Friday, November 17. The stock of CarMax Inc. (NYSE:KMX) has “Buy” rating given on Friday, October 27 by RBC Capital Markets. The stock of CarMax Inc. (NYSE:KMX) earned “Hold” rating by Susquehanna on Friday, December 22. The firm has “Neutral” rating given on Monday, March 28 by Sterne Agee CRT. On Friday, September 4 the stock rating was downgraded by Vetr to “Buy”. The rating was upgraded by RBC Capital Markets to “Outperform” on Thursday, June 22. The firm earned “Underperform” rating on Thursday, March 17 by Wolfe Research.

Since September 1, 2017, it had 1 insider purchase, and 19 insider sales for $48.26 million activity. Shares for $1.89M were sold by Hill Edwin J. GRAFTON W ROBERT also bought $2,280 worth of CarMax Inc. (NYSE:KMX) shares. Shares for $7.42 million were sold by Nash William D on Tuesday, September 26. Daniels Jon G sold $3.72M worth of stock or 50,488 shares. Newberry Darren C also sold $478,064 worth of CarMax Inc. (NYSE:KMX) on Tuesday, January 16. MARGOLIN ERIC M sold $1.44 million worth of CarMax Inc. (NYSE:KMX) on Friday, January 26.

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