As Coherent INC (COHR) Shares Rose, Holder Westwood Management Corp Has Boosted Stake

June 20, 2017 - By Linda Rogers

Investors sentiment decreased to 1.05 in Q4 2016. Its down 0.03, from 1.08 in 2016Q3. It worsened, as 21 investors sold COHR shares while 96 reduced holdings. 58 funds opened positions while 65 raised stakes. 22.39 million shares or 0.42% less from 22.48 million shares in 2016Q3 were reported. Btim Corp holds 175,694 shares. Wells Fargo And Mn has 465,419 shares for 0.02% of their portfolio. Us Bankshares De owns 12,373 shares for 0.01% of their portfolio. First Advsrs Lp holds 0.01% or 24,893 shares in its portfolio. Elk Creek Prtn Lc accumulated 107,966 shares. Columbia Pacific Advsrs Ltd Liability Corp stated it has 8,548 shares. State Of Alaska Department Of Revenue accumulated 2,660 shares. Schwab Charles Investment Management Incorporated owns 116,491 shares. Dekabank Deutsche Girozentrale reported 670 shares. Hanson Doremus Inv holds 30 shares or 0% of its portfolio. Manufacturers Life Insur The holds 11,148 shares. Teachers Retirement Of The State Of Kentucky holds 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 8,100 shares. Capstone Asset Mgmt holds 0.02% in Coherent, Inc. (NASDAQ:COHR) or 6,240 shares. 6,100 were reported by Bamco New York. Voloridge Inv Management Ltd Liability reported 17,062 shares.

Since February 1, 2017, it had 0 buys, and 15 selling transactions for $22.11 million activity. The insider AMBROSEO JOHN sold 26,781 shares worth $5.24 million. 500 shares were sold by SKAGGS STEPHEN A, worth $99,065. 4,904 shares were sold by SOBEY MARK STEWART, worth $1.19 million. DiMarco Bret sold 2,019 shares worth $437,494. $727,880 worth of Coherent, Inc. (NASDAQ:COHR) shares were sold by Sechrist Paul F. FLATLEY JAY T sold $388,000 worth of stock or 2,000 shares. Another trade for 14,000 shares valued at $3.42M was made by VIJ SANDEEP on Friday, May 12.

Westwood Management Corp increased its stake in Coherent Inc. (COHR) by 21.14% based on its latest 2016Q4 regulatory filing with the SEC. Westwood Management Corp bought 40,300 shares as the company’s stock rose 26.93% with the market. The institutional investor held 230,900 shares of the capital goods company at the end of 2016Q4, valued at $31.72 million, up from 190,600 at the end of the previous reported quarter. Westwood Management Corp who had been investing in Coherent Inc. for a number of months, seems to be bullish on the $6.34B market cap company. The stock declined 0.51% or $1.28 reaching $248.39 on the news. About 36,572 shares traded. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since June 20, 2016 and is uptrending. It has outperformed by 171.12% the S&P500.

Westwood Management Corp, which manages about $655.18M and $520.80M US Long portfolio, decreased its stake in Ppg Industries (NYSE:PPG) by 51,800 shares to 13,100 shares, valued at $1.24 million in 2016Q4, according to the filing.

Another recent and important Coherent, Inc. (NASDAQ:COHR) news was published by Nasdaq.com which published an article titled: “Coherent Inc (COHR) Pres. and CEO John Ambroseo Sold $6.2 million of Shares” on May 24, 2017.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 6 analysts covering Coherent (NASDAQ:COHR), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Coherent had 13 analyst reports since August 3, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Friday, January 29 report. Susquehanna initiated the shares of COHR in report on Wednesday, February 15 with “Neutral” rating. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) on Monday, March 7 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, January 9 report. Needham maintained Coherent, Inc. (NASDAQ:COHR) rating on Thursday, November 3. Needham has “Buy” rating and $130 target. Longbow maintained it with “Buy” rating and $325 target in Monday, June 12 report. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Benchmark on Monday, May 23. Stifel Nicolaus maintained it with “Buy” rating and $145 target in Tuesday, January 3 report. The firm has “Buy” rating given on Thursday, November 10 by Benchmark. The stock has “Buy” rating by Stifel Nicolaus on Friday, January 29.

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