Nike (NKE) Valuation Declined While Grimes & Company Has Lowered Its Stake; Rivernorth Capital Management Cut Its Tortoise Energy Infra (TYG) Stake by $1.18 Million as Stock Value Declined

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Grimes & Company Inc decreased its stake in Nike Inc. (NKE) by 80.4% based on its latest 2018Q3 regulatory filing with the SEC. Grimes & Company Inc sold 55,446 shares as the company’s stock declined 11.68% with the market. The institutional investor held 13,513 shares of the consumer non-durables company at the end of 2018Q3, valued at $1.15M, down from 68,959 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Nike Inc. for a number of months, seems to be less bullish one the $133.08 billion market cap company. The stock increased 1.05% or $0.88 during the last trading session, reaching $84.56. About 2.22M shares traded. NIKE, Inc. (NYSE:NKE) has risen 19.65% since February 12, 2018 and is uptrending. It has outperformed by 19.65% the S&P500. Some Historical NKE News: 03/05/2018 – ♫ Reuters Insider – Adidas sticks by Kanye West after slavery remarks; 22/03/2018 – NIKE: FY 2019 GROSS MARGIN TO EXPAND; 22/03/2018 – JUST IN: Bill Ackman’s Pershing Sq. cashes out of Nike stake after 32% gain, likely making about $100M – Dow Jones; 16/04/2018 – NEW: Nike’s vice president of diversity and inclusion has left the company amid scrutiny of the company’s culture; 04/04/2018 – Nike HR Chief: Will Change Hiring and Promotion Process — Memo; 30/04/2018 – NIKE, Inc. Announces Amy Montagne as New VP, GM of Global Categories; 16/03/2018 – Nike VP Martin Reported to Nike Brand President Trevor Edwards; 23/03/2018 – Nike Still ‘Most Valuable’ Apparel Brand Despite Recent Setbacks; 02/04/2018 – Nike said its international geographies and its direct-to-consumer businesses fueled sales growth in the latest quarter and for the full year; 15/03/2018 – Nike, Inc. Announces That Mark Parker Will Continue as Chairman, President and CEO beyond 2020

Rivernorth Capital Management Llc decreased its stake in Tortoise Energy Infra Corp (TYG) by 38.15% based on its latest 2018Q3 regulatory filing with the SEC. Rivernorth Capital Management Llc sold 45,553 shares as the company’s stock declined 24.74% with the market. The institutional investor held 73,841 shares of the company at the end of 2018Q3, valued at $1.99M, down from 119,394 at the end of the previous reported quarter. Rivernorth Capital Management Llc who had been investing in Tortoise Energy Infra Corp for a number of months, seems to be less bullish one the $1.27B market cap company. The stock increased 0.94% or $0.22 during the last trading session, reaching $23.72. About 77,726 shares traded. Tortoise Energy Infrastructure Corporation (NYSE:TYG) has declined 15.28% since February 12, 2018 and is downtrending. It has underperformed by 15.28% the S&P500.

Grimes & Company Inc, which manages about $1.63B and $1.25 billion US Long portfolio, upped its stake in Ishares Barclays Short Term Tr (SHV) by 325,732 shares to 895,124 shares, valued at $98.86 million in 2018Q3, according to the filing. It also increased its holding in Vanguard Ftse Developed Market (VEA) by 8,398 shares in the quarter, for a total of 523,298 shares, and has risen its stake in Las Vegas Sands Corp (NYSE:LVS).

Among 45 analysts covering Nike Inc. (NYSE:NKE), 30 have Buy rating, 2 Sell and 13 Hold. Therefore 67% are positive. Nike Inc. had 277 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of NIKE, Inc. (NYSE:NKE) has “Hold” rating given on Friday, August 4 by Cowen & Co. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Thursday, February 15 by Stifel Nicolaus. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Thursday, July 27 by Piper Jaffray. The company was maintained on Wednesday, March 23 by Barclays Capital. The stock of NIKE, Inc. (NYSE:NKE) earned “Hold” rating by Canaccord Genuity on Wednesday, June 29. The stock has “Market Perform” rating by Wells Fargo on Wednesday, September 27. The stock of NIKE, Inc. (NYSE:NKE) has “Hold” rating given on Friday, March 23 by Canaccord Genuity. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, September 28 report. The firm earned “Underperform” rating on Thursday, January 19 by CLSA. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, October 13.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on March, 28. They expect $0.63 EPS, down 7.35% or $0.05 from last year’s $0.68 per share. NKE’s profit will be $991.50M for 33.56 P/E if the $0.63 EPS becomes a reality. After $0.52 actual EPS reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts 21.15% EPS growth.

Since September 11, 2018, it had 0 insider buys, and 8 sales for $66.08 million activity. On Wednesday, January 2 the insider Slusher John F sold $14.81M. 17,000 shares were sold by Matheson Monique S., worth $1.45M on Tuesday, September 18. On Wednesday, September 19 the insider RODGERS JOHNATHAN A sold $1.36M.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Benzinga.com which released: “Amazon.com, Inc. (NASDAQ:AMZN), Nike, Inc. (NYSE:NKE) – Digital Sales Assistant Startup Zoovu Raises $14 Million In Series B – Benzinga” on February 08, 2019, also Fool.ca with their article: “Is Lululemon Athletica (NASDAQ:LULU) Still a Buy After Nike (NYSE:NKE) Announces Yoga Pants Line? – The Motley Fool Canada” published on January 17, 2019, Benzinga.com published: “Morgan Stanley: Adidas’ Pain Is Nike’s Gain (NYSE:NKE) (OTC:ADDYY) – Benzinga” on January 24, 2019. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Seekingalpha.com and their article: “Nike Has Won The War – Seeking Alpha” published on January 26, 2019 as well as Benzinga.com‘s news article titled: “Nike’s ‘Tanjun’ Was The Bestselling Shoe Of 2018; Mid-Market Footwear Dominates Top 10 (NYSE:NKE) – Benzinga” with publication date: February 08, 2019.

Investors sentiment decreased to 0.82 in Q3 2018. Its down 0.01, from 0.83 in 2018Q2. It dropped, as 48 investors sold NKE shares while 496 reduced holdings. 126 funds opened positions while 322 raised stakes. 969.47 million shares or 1.35% less from 982.71 million shares in 2018Q2 were reported. California Pub Employees Retirement System holds 0.3% of its portfolio in NIKE, Inc. (NYSE:NKE) for 2.75M shares. Dekabank Deutsche Girozentrale reported 432,948 shares stake. Fort Point Capital Prtnrs Limited Liability holds 0.22% in NIKE, Inc. (NYSE:NKE) or 8,630 shares. Livingston Group Inc Asset Mngmt Company (Operating As Southport Management) accumulated 0.27% or 7,584 shares. Violich Cap Mngmt Inc stated it has 1.93% in NIKE, Inc. (NYSE:NKE). Rampart Inv Management Com Llc reported 127,999 shares. 6,452 are owned by Verition Fund Mgmt Ltd Liability. Stevens Capital Mngmt Limited Partnership invested in 90,801 shares. Element Cap Mgmt Ltd Liability Co holds 0.01% or 3,089 shares in its portfolio. Nomura accumulated 119,341 shares or 0.04% of the stock. Moreover, Atlanta Capital Management L L C has 0.14% invested in NIKE, Inc. (NYSE:NKE). Palisade Mngmt Ltd Liability Corp Nj has invested 0.08% in NIKE, Inc. (NYSE:NKE). Neuberger Berman Group Lc invested in 0.11% or 1.13M shares. Moreover, Tb Alternative Assets Ltd has 1.97% invested in NIKE, Inc. (NYSE:NKE). Gam Ag holds 142,046 shares.

Rivernorth Capital Management Llc, which manages about $2.15B and $1.20B US Long portfolio, upped its stake in Voya Prime Rate Tr (NYSE:PPR) by 224,046 shares to 5.03 million shares, valued at $25.04M in 2018Q3, according to the filing. It also increased its holding in Big Rock Partners Acquisi Co by 59,916 shares in the quarter, for a total of 239,998 shares, and has risen its stake in Lazard World Divid & Income (LOR).

Another recent and important Tortoise Energy Infrastructure Corporation (NYSE:TYG) news was published by Seekingalpha.com which published an article titled: “Weekly Review: Master Limited Partnership CEFs – Seeking Alpha” on July 11, 2018.

Since November 8, 2018, it had 9 insider purchases, and 0 insider sales for $65,439 activity. 200 shares were bought by HOLMES NICHOLAS SCOTT, worth $4,494. The insider CICCOTELLO CONRAD S bought 200 shares worth $4,040. On Friday, January 11 the insider BIRZER H KEVIN bought $2,321. The insider MICK JAMES RYAN bought 792 shares worth $15,000. 390 shares were bought by THUMMEL ROBERT JOSEPH JR., worth $9,929 on Thursday, November 8. SALLEE MATTHEW had bought 1,000 shares worth $22,000.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart