Veeco Instruments (VECO) Position Has Boosted by River & Mercantile Asset Management Llp; Heartland Advisors Lowered Oil Dri Amer (ODC) Position by $413,742 as Valuation Declined

Veeco Instruments Inc. (NASDAQ:VECO) Logo

Heartland Advisors Inc decreased its stake in Oil Dri Corp Amer (ODC) by 11.61% based on its latest 2018Q2 regulatory filing with the SEC. Heartland Advisors Inc sold 9,851 shares as the company’s stock declined 9.22% while stock markets rallied. The institutional investor held 75,000 shares of the miscellaneous manufacturing industries company at the end of 2018Q2, valued at $3.16M, down from 84,851 at the end of the previous reported quarter. Heartland Advisors Inc who had been investing in Oil Dri Corp Amer for a number of months, seems to be less bullish one the $219.00M market cap company. The stock increased 2.29% or $0.66 during the last trading session, reaching $29.43. About 11,060 shares traded. Oil-Dri Corporation of America (NYSE:ODC) has declined 10.13% since December 8, 2017 and is downtrending. It has underperformed by 25.75% the S&P500. Some Historical ODC News: 09/03/2018 OIL-DRI CORPORATION OF AMERICA QTRLY SHR LOSS $0.15; 22/03/2018 – Amlan to Report on In-Feed Antibiotic Alternatives at Asia Pacific Poultry Conference; 22/03/2018 – Beyond AGPs: Advancements in Natural Feed Additives Help Drive Progress in Poultry Production; 09/03/2018 – OIL-DRI CORPORATION OF AMERICA QTRLY NET SALES $68.9 MLN VS $65.2 MLN; 09/03/2018 – Oil-Dri Names CEO Daniel S. Jaffee to Chairman Role; 09/03/2018 – OIL-DRI CORPORATION OF AMERICA – TAX EXPENSE ADJUSTMENT EFFECTIVELY REDUCED DILUTED NET INCOME PER SHARE BY $0.69 FOR FIRST 6 MONTHS OF FISCAL 2018; 19/04/2018 – DJ Oil-Dri Corporation of America, Inst Holders, 1Q 2018 (ODC)

River & Mercantile Asset Management Llp increased its stake in Veeco Instruments Inc (VECO) by 41.82% based on its latest 2018Q2 regulatory filing with the SEC. River & Mercantile Asset Management Llp bought 599,972 shares as the company’s stock declined 41.06% while stock markets rallied. The institutional investor held 2.03M shares of the industrial machinery and components company at the end of 2018Q2, valued at $29.05M, up from 1.43 million at the end of the previous reported quarter. River & Mercantile Asset Management Llp who had been investing in Veeco Instruments Inc for a number of months, seems to be bullish on the $372.79 million market cap company. The stock decreased 3.35% or $0.27 during the last trading session, reaching $7.8. About 314,206 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has declined 49.16% since December 8, 2017 and is downtrending. It has underperformed by 64.78% the S&P500. Some Historical VECO News: 07/05/2018 – VEECO INSTRUMENTS 1Q ADJ EPS 20C, EST. 6.0C; 19/04/2018 – DJ Veeco Instruments Inc, Inst Holders, 1Q 2018 (VECO); 17/05/2018 – Veeco Instruments Closes Above 50-Day Moving Average; 25/04/2018 – Analysis: Positioning to Benefit within Zebra Technologies, Deluxe, Veeco Instruments, Wingstop, Superior Industries Internatio; 23/05/2018 – Veeco Announces Upcoming Investor Events; 22/05/2018 – Lumentum Selects Veeco’s K475i MOCVD System for Next-Generation Applications Including 3D Sensing, High-Speed Fiber-Optic Communications and Laser-Based Materials Processing; 07/05/2018 – Veeco Instruments Sees 2Q Adj EPS 1c-Adj EPS 20c; 07/05/2018 – Veeco Instruments 1Q Loss/Shr 34c; 07/05/2018 – VEECO INSTRUMENTS SEES 2Q ADJ EPS 1.0C TO 20C, EST. 12.7C; 07/05/2018 – Veeco Instruments Sees 2Q Loss/Shr 45c-Loss 26c

Investors sentiment decreased to 1.12 in Q2 2018. Its down 0.34, from 1.46 in 2018Q1. It dived, as 20 investors sold VECO shares while 37 reduced holdings. 21 funds opened positions while 43 raised stakes. 43.64 million shares or 3.02% less from 45.00 million shares in 2018Q1 were reported. Wells Fargo & Communications Mn has 78,238 shares for 0% of their portfolio. State Of Alaska Department Of Revenue holds 0% or 15,918 shares in its portfolio. Wellington Management Grp Ltd Liability Partnership has invested 0% in Veeco Instruments Inc. (NASDAQ:VECO). Art Advisors Limited Liability, a New York-based fund reported 24,148 shares. New York State Common Retirement Fund invested in 561,570 shares or 0.01% of the stock. Trexquant Limited Partnership owns 14,113 shares. Washington-based Parametric Port Associate Limited Co has invested 0% in Veeco Instruments Inc. (NASDAQ:VECO). Morgan Stanley stated it has 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). State Teachers Retirement Sys has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO). 1,442 are owned by Ls Investment Advsr Ltd. Ontario – Canada-based National Bank Of Montreal Can has invested 0% in Veeco Instruments Inc. (NASDAQ:VECO). River And Mercantile Asset Management Llp reported 3% in Veeco Instruments Inc. (NASDAQ:VECO). Moreover, Blackrock has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO). First Advsr Limited Partnership stated it has 50,218 shares or 0% of all its holdings. Sector Pension Inv Board invested in 0% or 31,215 shares.

River & Mercantile Asset Management Llp, which manages about $4.01 billion and $969.35M US Long portfolio, decreased its stake in Zillow Group Inc (NASDAQ:Z) by 10,386 shares to 31,474 shares, valued at $1.88 million in 2018Q2, according to the filing. It also reduced its holding in Zynga Inc (NASDAQ:ZNGA) by 465,551 shares in the quarter, leaving it with 7.46M shares, and cut its stake in Grubhub Inc (NYSE:GRUB).

Since August 23, 2018, it had 1 buying transaction, and 0 sales for $50,250 activity.

Among 14 analysts covering Veeco Instruments (NASDAQ:VECO), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Veeco Instruments had 33 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Veeco Instruments Inc. (NASDAQ:VECO) earned “Overweight” rating by JP Morgan on Tuesday, June 13. The stock of Veeco Instruments Inc. (NASDAQ:VECO) earned “Buy” rating by Bank of America on Friday, February 10. Benchmark maintained the shares of VECO in report on Thursday, October 29 with “Buy” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, August 18. The stock has “Hold” rating by Deutsche Bank on Wednesday, October 14. The stock of Veeco Instruments Inc. (NASDAQ:VECO) earned “Hold” rating by Benchmark on Friday, August 3. The stock has “Overweight” rating by Pacific Crest on Friday, May 13. The rating was downgraded by Deutsche Bank on Friday, August 4 to “Hold”. The firm has “Hold” rating given on Friday, December 11 by Summit Research. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Hold”.

More notable recent Veeco Instruments Inc. (NASDAQ:VECO) news were published by: Globenewswire.com which released: “Leading Supplier of Semiconductor-Based Solutions Chooses Veeco Propel® HVM MOCVD System – GlobeNewswire” on April 10, 2018, also Seekingalpha.com with their article: “Samsung And LG Move To ALD For Flexible OLEDs, Could Push Applied Materials Out Of The Market – Seeking Alpha” published on September 29, 2016, Fool.com published: “Why Veeco Instruments Inc. Stock Jumped on Tuesday – The Motley Fool” on February 13, 2018. More interesting news about Veeco Instruments Inc. (NASDAQ:VECO) were released by: Fool.com and their article: “3 Takeaways From Veeco Instruments’ Earnings Report – The Motley Fool” published on March 04, 2018 as well as Fool.com‘s news article titled: “Why Shares of Veeco Instruments Tumbled Today – The Motley Fool” with publication date: August 04, 2017.

Heartland Advisors Inc, which manages about $6.06B and $1.52B US Long portfolio, upped its stake in Encore Wire Corp (NASDAQ:WIRE) by 68,175 shares to 283,453 shares, valued at $13.45M in 2018Q2, according to the filing. It also increased its holding in Lannet Inc (NYSE:LCI) by 200,000 shares in the quarter, for a total of 810,500 shares, and has risen its stake in Knowles Corp (NYSE:KN).

Investors sentiment increased to 1.35 in Q2 2018. Its up 0.47, from 0.88 in 2018Q1. It increased, as 3 investors sold ODC shares while 17 reduced holdings. 10 funds opened positions while 17 raised stakes. 3.75 million shares or 0.75% less from 3.78 million shares in 2018Q1 were reported. Tiaa Cref Investment Mgmt Llc holds 11,308 shares or 0% of its portfolio. Great West Life Assurance Can accumulated 0% or 106 shares. Us Bancshares De has 0% invested in Oil-Dri Corporation of America (NYSE:ODC). California State Teachers Retirement Sys holds 0% of its portfolio in Oil-Dri Corporation of America (NYSE:ODC) for 7,641 shares. Morgan Stanley has 21,298 shares for 0% of their portfolio. Bridgeway Capital stated it has 0.01% in Oil-Dri Corporation of America (NYSE:ODC). Rhumbline Advisers invested in 0% or 4,960 shares. Royal Bancorporation Of Canada has invested 0% in Oil-Dri Corporation of America (NYSE:ODC). Barclays Public Limited Liability Co holds 366 shares or 0% of its portfolio. Teton Advsr holds 134,000 shares or 0.5% of its portfolio. Bessemer Group Inc Inc invested in 4,500 shares. Jpmorgan Chase And Company owns 1,020 shares for 0% of their portfolio. Kennedy Mgmt holds 20,329 shares. North Star Invest Management Corporation reported 22,625 shares stake. Burney Commerce has 20,876 shares.

Oil-Dri Corporation of America (NYSE:ODC) Institutional Positions Chart

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