As Now INC (DNOW) Share Value Declined, Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv Increased Its Position

April 17, 2018 - By Darrin Black

NOW Inc. (NYSE:DNOW) LogoInvestors sentiment decreased to 1.09 in Q4 2017. Its down 0.13, from 1.22 in 2017Q3. It fall, as 27 investors sold DNOW shares while 74 reduced holdings. 36 funds opened positions while 74 raised stakes. 117.25 million shares or 6.86% more from 109.72 million shares in 2017Q3 were reported. Sasco Ct holds 0.01% in NOW Inc. (NYSE:DNOW) or 34,450 shares. Teacher Retirement Systems Of Texas has 0% invested in NOW Inc. (NYSE:DNOW). Georgia-based Gmt has invested 0.57% in NOW Inc. (NYSE:DNOW). State Board Of Administration Of Florida Retirement Sys reported 79,788 shares. Janney Montgomery Scott Limited Liability invested 0.01% in NOW Inc. (NYSE:DNOW). Invesco Limited has 1.13M shares. Whittier Trust Co reported 1,280 shares. Moreover, Cambridge Research Advsrs has 0% invested in NOW Inc. (NYSE:DNOW). Thrivent For Lutherans accumulated 23,280 shares or 0% of the stock. Moreover, Sandy Spring Bancorp has 0% invested in NOW Inc. (NYSE:DNOW) for 126 shares. Envestnet Asset Mngmt reported 17,560 shares. National Bank Of America Corporation De holds 0% of its portfolio in NOW Inc. (NYSE:DNOW) for 773,868 shares. 15,481 were reported by Amalgamated Fincl Bank. Intll Group Inc Inc owns 292,627 shares for 0.01% of their portfolio. Dimensional Fund Advsr Limited Partnership holds 0.02% or 4.80 million shares in its portfolio.

Since March 6, 2018, it had 1 insider purchase, and 0 sales for $300,061 activity.

Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv increased its stake in Now Inc (DNOW) by 76.58% based on its latest 2017Q4 regulatory filing with the SEC. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv bought 298,678 shares as the company’s stock declined 9.82% with the market. The institutional investor held 688,678 shares of the metal fabrications company at the end of 2017Q4, valued at $17.34M, up from 390,000 at the end of the previous reported quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv who had been investing in Now Inc for a number of months, seems to be bullish on the $1.32 billion market cap company. The stock increased 2.66% or $0.31 during the last trading session, reaching $11.98. About 1.18M shares traded. NOW Inc. (NYSE:DNOW) has declined 37.02% since April 17, 2017 and is downtrending. It has underperformed by 48.57% the S&P500.

NOW Inc. (NYSE:DNOW) Ratings Coverage

Among 9 analysts covering Now (NYSE:DNOW), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Now had 15 analyst reports since November 2, 2017 according to SRatingsIntel. The rating was maintained by Susquehanna on Friday, April 13 with “Hold”. On Thursday, February 15 the stock rating was upgraded by Seaport Global to “Buy”. The firm has “Hold” rating by Robert W. Baird given on Wednesday, February 14. As per Sunday, December 10, the company rating was maintained by Stifel Nicolaus. Cowen & Co maintained the stock with “Hold” rating in Thursday, November 2 report. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, February 15 report. The rating was maintained by Credit Suisse with “Neutral” on Friday, November 3. The firm has “Neutral” rating by Credit Suisse given on Tuesday, February 27. On Thursday, February 15 the stock rating was maintained by Cowen & Co with “Hold”. The stock has “Hold” rating by Susquehanna on Thursday, November 2.

NOW Inc. (NYSE:DNOW) Institutional Positions Chart

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