As Nelnet INC (NNI) Market Valuation Declined, Shareholder Farmers & Merchants Investments INC Lowered Position by $9.24 Million

March 16, 2018 - By Maria Brooks

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.01, from 0.87 in 2017Q2. It turned negative, as 10 investors sold NNI shares while 41 reduced holdings. 11 funds opened positions while 33 raised stakes. 15.98 million shares or 5.39% less from 16.90 million shares in 2017Q2 were reported. Citadel Advsr Ltd Liability Com holds 0% of its portfolio in Nelnet, Inc. (NYSE:NNI) for 23,172 shares. Metropolitan Life Ins invested 0% in Nelnet, Inc. (NYSE:NNI). Rhumbline Advisers stated it has 0% in Nelnet, Inc. (NYSE:NNI). X Management Lc, New York-based fund reported 592 shares. Price T Rowe Associate Md owns 0% invested in Nelnet, Inc. (NYSE:NNI) for 3,978 shares. 21,026 are owned by D E Shaw And Incorporated. Cwm Ltd Limited Liability Company has invested 0% of its portfolio in Nelnet, Inc. (NYSE:NNI). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp holds 0.01% of its portfolio in Nelnet, Inc. (NYSE:NNI) for 29,100 shares. Goldman Sachs holds 0% or 35,710 shares. Fmr owns 40,525 shares for 0% of their portfolio. The New York-based Alliancebernstein LP has invested 0% in Nelnet, Inc. (NYSE:NNI). Vanguard Gru holds 0% or 1.91M shares. Great West Life Assurance Can holds 0% or 1,783 shares. General American Company has 390,000 shares for 1.87% of their portfolio. Ameritas Investment Partners Inc owns 1,738 shares.

Since September 19, 2017, it had 0 insider purchases, and 6 selling transactions for $526,060 activity. 1,000 Nelnet, Inc. (NYSE:NNI) shares with value of $55,000 were sold by Munn William J.

Farmers & Merchants Investments Inc decreased its stake in Nelnet Inc. (NNI) by 10.1% based on its latest 2017Q3 regulatory filing with the SEC. Farmers & Merchants Investments Inc sold 184,720 shares as the company’s stock declined 21.49% while stock markets rallied. The institutional investor held 1.64 million shares of the finance company at the end of 2017Q3, valued at $83.06M, down from 1.83 million at the end of the previous reported quarter. Farmers & Merchants Investments Inc who had been investing in Nelnet Inc. for a number of months, seems to be less bullish one the $2.21B market cap company. The stock increased 1.57% or $0.84 during the last trading session, reaching $54.25. About 146,269 shares traded or 57.58% up from the average. Nelnet, Inc. (NYSE:NNI) has risen 13.42% since March 16, 2017 and is uptrending. It has underperformed by 3.28% the S&P500.

Farmers & Merchants Investments Inc, which manages about $1.27 billion US Long portfolio, upped its stake in Ishares S&P 500 Index Fund (IVV) by 28,383 shares to 139,748 shares, valued at $35.35 million in 2017Q3, according to the filing.

Nelnet, Inc. (NYSE:NNI) Ratings Coverage

Among 2 analysts covering Nelnet (NYSE:NNI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nelnet had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Monday, November 14 by Credit Suisse. Credit Suisse maintained Nelnet, Inc. (NYSE:NNI) on Friday, August 7 with “Outperform” rating. The stock of Nelnet, Inc. (NYSE:NNI) has “Buy” rating given on Monday, November 9 by Compass Point. As per Tuesday, February 6, the company rating was maintained by Compass Point. The stock of Nelnet, Inc. (NYSE:NNI) has “Neutral” rating given on Wednesday, August 9 by Compass Point. As per Friday, August 7, the company rating was maintained by Compass Point. The rating was upgraded by Compass Point to “Buy” on Thursday, October 19. On Friday, October 20 the stock rating was maintained by Credit Suisse with “Neutral”.

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