As Blucora INC (BCOR) Stock Value Rose, Permit Capital LLC Has Lowered Holding

March 14, 2018 - By Vivian Currie

Permit Capital Llc decreased its stake in Blucora Inc (BCOR) by 41.43% based on its latest 2017Q3 regulatory filing with the SEC. Permit Capital Llc sold 159,230 shares as the company’s stock rose 29.25% with the market. The hedge fund held 225,099 shares of the technology company at the end of 2017Q3, valued at $5.70M, down from 384,329 at the end of the previous reported quarter. Permit Capital Llc who had been investing in Blucora Inc for a number of months, seems to be less bullish one the $1.16B market cap company. The stock increased 0.51% or $0.12 during the last trading session, reaching $24.88. About 39,735 shares traded. Blucora, Inc. (NASDAQ:BCOR) has risen 147.59% since March 14, 2017 and is uptrending. It has outperformed by 130.89% the S&P500.

Permit Capital Llc, which manages about $370.20M and $169.24M US Long portfolio, upped its stake in Viacom Inc New (NASDAQ:VIAB) by 128,000 shares to 221,000 shares, valued at $6.15M in 2017Q3, according to the filing.

Analysts await Blucora, Inc. (NASDAQ:BCOR) to report earnings on May, 3. They expect $0.86 earnings per share, down 14.00 % or $0.14 from last year’s $1 per share. BCOR’s profit will be $40.17 million for 7.23 P/E if the $0.86 EPS becomes a reality. After $-0.19 actual earnings per share reported by Blucora, Inc. for the previous quarter, Wall Street now forecasts -552.63 % EPS growth.

More important recent Blucora, Inc. (NASDAQ:BCOR) news were published by: which released: “Blucora Reports Fourth Quarter and Full Year 2017 Results” on February 15, 2018, also published article titled: “Blucora Names Davinder Athwal Chief Financial Officer”, published: “BCOR Stock: Turning Taxes into Opportunity” on March 07, 2018. More interesting news about Blucora, Inc. (NASDAQ:BCOR) was released by: and their article: “Blucora Inc (BCOR) Files 10-K for the Fiscal Year Ended on December 31, 2017” with publication date: March 01, 2018.

Blucora, Inc. (NASDAQ:BCOR) Ratings Coverage

Among 4 analysts covering Blucora (NASDAQ:BCOR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Blucora has $2300 highest and $10 lowest target. $16.33’s average target is -34.36% below currents $24.88 stock price. Blucora had 9 analyst reports since August 22, 2015 according to SRatingsIntel. The stock of Blucora, Inc. (NASDAQ:BCOR) earned “Buy” rating by Benchmark on Monday, August 24. Barrington Research maintained Blucora, Inc. (NASDAQ:BCOR) rating on Friday, October 28. Barrington Research has “Outperform” rating and $16 target. The stock of Blucora, Inc. (NASDAQ:BCOR) has “Buy” rating given on Friday, April 29 by Craig Hallum. The rating was maintained by Benchmark with “Buy” on Tuesday, February 16. As per Monday, May 2, the company rating was upgraded by Barrington Research. Wedbush maintained Blucora, Inc. (NASDAQ:BCOR) rating on Friday, February 12. Wedbush has “Outperform” rating and $10 target. The firm earned “Buy” rating on Saturday, August 22 by Benchmark. Benchmark maintained it with “Buy” rating and $2300 target in Wednesday, July 26 report.

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