As Nike INC (NKE) Market Value Declined, Virtus Investment Advisers INC Upped Position

January 22, 2018 - By Vivian Park

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.20, from 1 in 2017Q2. It fall, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Ar Asset Management Incorporated has invested 1.7% in NIKE, Inc. (NYSE:NKE). Moreover, Cypress Asset Mgmt Tx has 0.45% invested in NIKE, Inc. (NYSE:NKE). Hartford Investment Mngmt Company holds 357,657 shares or 0.35% of its portfolio. Pictet Bancorporation And reported 45,428 shares. Rosenblum Silverman Sutton S F Ca owns 31,032 shares. Moreover, Howard Capital Management has 0.13% invested in NIKE, Inc. (NYSE:NKE). Engineers Gate Manager Limited Partnership invested in 0.42% or 96,522 shares. Ims Mngmt holds 7,315 shares or 0.24% of its portfolio. Northwest Invest Counselors Lc holds 0.63% of its portfolio in NIKE, Inc. (NYSE:NKE) for 28,180 shares. Cape Cod Five Cents Bankshares holds 0.81% or 100,789 shares in its portfolio. Sunbelt has 0.44% invested in NIKE, Inc. (NYSE:NKE) for 8,014 shares. Green Valley Investors Ltd Liability Corporation holds 941,325 shares or 2.38% of its portfolio. Capital Guardian Trust Company has 742,684 shares. Bahl And Gaynor has invested 0.31% in NIKE, Inc. (NYSE:NKE). Sather reported 169,358 shares.

Since September 14, 2017, it had 0 buys, and 6 sales for $23.60 million activity. $8.78M worth of NIKE, Inc. (NYSE:NKE) shares were sold by PARKER MARK G. $4.75M worth of stock was sold by Slusher John F on Friday, January 5. The insider RODGERS JOHNATHAN A sold 16,000 shares worth $855,206.

Virtus Investment Advisers Inc increased its stake in Nike Inc (NKE) by 555.68% based on its latest 2017Q3 regulatory filing with the SEC. Virtus Investment Advisers Inc bought 172,312 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 203,321 shares of the consumer non-durables company at the end of 2017Q3, valued at $10.54M, up from 31,009 at the end of the previous reported quarter. Virtus Investment Advisers Inc who had been investing in Nike Inc for a number of months, seems to be bullish on the $107.78 billion market cap company. The stock decreased 1.71% or $1.15 during the last trading session, reaching $66.06. About 2.11 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since January 22, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Virtus Investment Advisers Inc, which manages about $40.49B and $952.83 million US Long portfolio, decreased its stake in Goodyear Tire & Rubr Co (NASDAQ:GT) by 292,548 shares to 5,397 shares, valued at $179,000 in 2017Q3, according to the filing. It also reduced its holding in Wynn Resorts Ltd (NASDAQ:WYNN) by 47,003 shares in the quarter, leaving it with 29,695 shares, and cut its stake in Flir Sys Inc (NASDAQ:FLIR).

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Usnews.com which released: “Nike Faces a Tough Road Ahead” on December 29, 2017, also Fool.com with their article: “Better Buy: NIKE, Inc. (NKE) vs. Adidas (ADDYY)” published on January 11, 2018, Usnews.com published: “Nike Is Returning To Double-Digit Earnings Growth” on January 08, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Fool.com and their article: “Why Nike, Inc. Stock Jumped 23% Last Year” published on January 11, 2018 as well as Usnews.com‘s news article titled: “Nike Stock Staying Hot in 2018” with publication date: January 19, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 44 analysts covering Nike Inc. (NYSE:NKE), 24 have Buy rating, 2 Sell and 18 Hold. Therefore 55% are positive. Nike Inc. has $156.0 highest and $42.0 lowest target. $69.26’s average target is 4.84% above currents $66.06 stock price. Nike Inc. had 218 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Thursday, December 21 by Robert W. Baird. The rating was maintained by FBR Capital with “Market Perform” on Thursday, March 23. The stock has “Hold” rating by Canaccord Genuity on Thursday, March 23. FBR Capital maintained NIKE, Inc. (NYSE:NKE) rating on Friday, September 25. FBR Capital has “Mkt Perform” rating and $120 target. The firm has “Outperform” rating by Wedbush given on Friday, January 19. JP Morgan maintained NIKE, Inc. (NYSE:NKE) on Thursday, March 23 with “Buy” rating. Argus Research maintained NIKE, Inc. (NYSE:NKE) rating on Monday, December 28. Argus Research has “Buy” rating and $77.0 target. The firm earned “Buy” rating on Friday, July 21 by Stifel Nicolaus. Jefferies maintained the shares of NKE in report on Tuesday, August 15 with “Buy” rating. Stifel Nicolaus maintained the shares of NKE in report on Friday, September 25 with “Buy” rating.

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