Timessquare Capital Management Llc Increased Coherent Inc. (NASDAQ:COHR) Stake by $84.85 Million

February 23, 2018 - By Vivian Currie

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.08, from 1.11 in 2017Q2. It is negative, as 40 investors sold COHR shares while 113 reduced holdings. 56 funds opened positions while 101 raised stakes. 23.23 million shares or 4.25% more from 22.28 million shares in 2017Q2 were reported. Glg Prtn L P invested 0.6% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Millennium Ltd Liability Company invested in 365,403 shares or 0.13% of the stock. Connor Clark & Lunn Mgmt Limited stated it has 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Fmr Limited Co stated it has 348,740 shares or 0.01% of all its holdings. Wells Fargo & Company Mn holds 225,262 shares or 0.02% of its portfolio. Amer Gp, New York-based fund reported 50,390 shares. Profund Advsr Limited Liability accumulated 0.03% or 3,020 shares. Emerald Advisers Inc Pa holds 0.03% in Coherent, Inc. (NASDAQ:COHR) or 2,714 shares. Systematic Fincl Mgmt Limited Partnership stated it has 0.55% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Panagora Asset Mngmt holds 0% or 1,700 shares in its portfolio. Tide Point Cap Mngmt L P has 2.55% invested in Coherent, Inc. (NASDAQ:COHR) for 210,968 shares. Brinker Capital Inc invested 0.07% in Coherent, Inc. (NASDAQ:COHR). Massachusetts-based Arrowstreet Capital L P has invested 0.06% in Coherent, Inc. (NASDAQ:COHR). Clarivest Asset Management invested in 11,566 shares. Albion Grp Inc Ut has invested 0.68% in Coherent, Inc. (NASDAQ:COHR).

Since September 12, 2017, it had 0 insider buys, and 3 sales for $6.77 million activity. On Tuesday, September 12 AMBROSEO JOHN sold $6.25 million worth of Coherent, Inc. (NASDAQ:COHR) or 25,000 shares. Shares for $411,600 were sold by Sechrist Paul F on Thursday, January 4.

Timessquare Capital Management Llc increased its stake in Coherent Inc. (NASDAQ:COHR) by 421.43% based on its latest 2017Q4 regulatory filing with the SEC. Timessquare Capital Management Llc bought 300,900 shares as the company’s stock rose 26.93% with the market. The institutional investor held 372,300 shares of the capital goods company at the end of 2017Q4, valued at $105.07M, up from 71,400 at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in Coherent Inc. for a number of months, seems to be bullish on the $5.24 billion market cap company. The stock decreased 1.25% or $2.68 during the last trading session, reaching $210.89. About 463,461 shares traded. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since February 23, 2017 and is uptrending. It has outperformed by 171.12% the S&P500.

Timessquare Capital Management Llc, which manages about $20.35B and $15.23B US Long portfolio, decreased its stake in Fidelity National Informa (NYSE:FIS) by 233,980 shares to 882,725 shares, valued at $83.06 million in 2017Q4, according to the filing. It also reduced its holding in Cubesmart (NYSE:CUBE) by 892,850 shares in the quarter, leaving it with 854,700 shares, and cut its stake in Hff Inc. Cl A (NYSE:HF).

Timessquare Capital Management Llc is a New York-based institutional investor with more than $20.35 billion AUM in March, 2014. Taken from Timessquare Capital Management latest Adv, the fund reported to have 44 full and part-time employees. Among which 18 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Thursday, November 10 by Benchmark. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Neutral” rating by Susquehanna on Wednesday, February 15. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by TheStreet on Wednesday, September 2. The firm has “Buy” rating by Longbow given on Monday, June 12. The firm earned “Buy” rating on Thursday, July 20 by Benchmark. Benchmark maintained the shares of COHR in report on Monday, June 12 with “Buy” rating. Needham maintained Coherent, Inc. (NASDAQ:COHR) on Wednesday, November 8 with “Buy” rating. Needham maintained Coherent, Inc. (NASDAQ:COHR) on Thursday, February 8 with “Buy” rating. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Wednesday, August 2 by Benchmark. The company was maintained on Thursday, November 3 by Needham.

Coherent, Inc. provides lasers and laser technology in a range of scientific, commercial, and industrial applications worldwide. The company has market cap of $5.24 billion. It operates through two divisions, Specialty Lasers and Systems, and Commercial Lasers and Components. It has a 24.02 P/E ratio. The firm designs, makes, services, and markets lasers, laser tools, precision optics, and related accessories.

More notable recent Coherent, Inc. (NASDAQ:COHR) news were published by: Seekingalpha.com which released: “Coherent: Looks Appealing As Valuation Multiples Come Down” on February 14, 2018, also Nasdaq.com with their article: “Earnings Reaction History: Coherent Inc., 75.0% Follow-Through Indicator, 12.0 …” published on January 25, 2018, Seekingalpha.com published: “Market Overreaction Presents Buying Opportunity For Coherent Inc.” on January 28, 2018. More interesting news about Coherent, Inc. (NASDAQ:COHR) were released by: Prnewswire.com and their article: “Coherent, Inc. Reports First Fiscal Quarter Results” published on February 07, 2018 as well as Seekingalpha.com‘s news article titled: “Coherent Seems In Good Health To Us” with publication date: January 31, 2018.

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