Buckhead Capital Management Decreased Its Holding in Southern Co (SO) by $323,620; As Usa Technologies Com No Par (USAT) Market Value Rose, Redmond Asset Management Upped Its Position by $632,637

July 18, 2018 - By Rhonda Roth

USA Technologies, Inc. (NASDAQ:USAT) Logo

Buckhead Capital Management Llc decreased its stake in Southern Co (SO) by 6.39% based on its latest 2018Q1 regulatory filing with the SEC. Buckhead Capital Management Llc sold 7,355 shares as the company’s stock rose 1.11% while stock markets declined. The hedge fund held 107,762 shares of the central company at the end of 2018Q1, valued at $4.81M, down from 115,117 at the end of the previous reported quarter. Buckhead Capital Management Llc who had been investing in Southern Co for a number of months, seems to be less bullish one the $47.81 billion market cap company. The stock decreased 0.81% or $0.385 during the last trading session, reaching $47.265. About 680,818 shares traded. The Southern Company (NYSE:SO) has declined 11.84% since July 18, 2017 and is downtrending. It has underperformed by 24.41% the S&P500. Some Historical SO News: 29/05/2018 – SOUTHERN CO – ONCE OPERATIONAL, ALL ATTRIBUTES GENERATED BY FACILITY WILL BE SOLD UNDER A 20-YR POWER PURCHASE AGREEMENT TO AECC; 02/04/2018 – Annual Thank a Lineman campaign recognizes importance of line workers to electric reliability in Georgia; 05/04/2018 – Georgia Power celebrates Earth Month this April; 21/05/2018 – SOUTHERN CO SALE OF SOME FLORIDA ASSETS TO NEXTERA ENERGY; 23/05/2018 – Southern Co. Unit Southern Power To Sell 33% Stake In Solar Portfolio For $1.2 Billion — MarketWatch; 16/04/2018 – Southern Co. Raises Dividend — MarketWatch; 20/04/2018 – DJ Southern Company, Inst Holders, 1Q 2018 (SO); 07/05/2018 – GEORGIA POWER – EXPECTS TO FUND PURCHASE PRICE OF ANY NOTES PURCHASED USING CASH ON HAND OR AVAILABLE LIQUIDITY; 02/05/2018 – SOUTHERN 1Q EARNINGS CALL ENDS; 21/05/2018 – NextEra to Buy Southern Co. Florida Utilities for $5.1 Billion

Redmond Asset Management Llc increased its stake in Usa Technologies Inc Com No Par (USAT) by 92.86% based on its latest 2018Q1 regulatory filing with the SEC. Redmond Asset Management Llc bought 70,293 shares as the company’s stock rose 60.71% while stock markets declined. The institutional investor held 145,992 shares of the miscellaneous company at the end of 2018Q1, valued at $1.31M, up from 75,699 at the end of the previous reported quarter. Redmond Asset Management Llc who had been investing in Usa Technologies Inc Com No Par for a number of months, seems to be bullish on the $885.01 million market cap company. The stock decreased 1.34% or $0.2 during the last trading session, reaching $14.75. About 84,088 shares traded. USA Technologies, Inc. (NASDAQ:USAT) has risen 181.25% since July 18, 2017 and is uptrending. It has outperformed by 168.68% the S&P500. Some Historical USAT News: 08/05/2018 – USA Technologies 3Q Rev $35.8M; 25/05/2018 – USA Technologies, Inc. Announces Closing of Public Offering Generating Gross Proceeds of $75.7 Million; 08/05/2018 – USA Technologies 3Q EPS 2c; 08/05/2018 – USA TECHNOLOGIES INC USAT.O SEES FY 2018 REVENUE $138 MLN TO $142 MLN; 08/05/2018 – USA Technologies Sees FY Rev $138M-$142M; 22/03/2018 – USA Technologies Showcasing Integrated Enterprise Software and Digital Payments Platform at the NAMA Show 2018; 02/05/2018 – Wells Fargo Advisors LLC Exits Position in USA Technologies; 09/05/2018 – USA Technologies, Inc. Files Registration Statement on Form S-1 for Proposed Public Offering; 26/04/2018 – Ingenico Group and USA Technologies Announce a Three Year Strategic Alliance Agreement; 02/04/2018 – USA Technologies Closes Below 50-Day Moving Average: Technicals

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. The Southern Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of SO in report on Tuesday, February 27 with “Underperform” rating. The firm has “Neutral” rating by Goldman Sachs given on Thursday, July 14. SunTrust maintained it with “Hold” rating and $46.0 target in Monday, January 22 report. The stock of The Southern Company (NYSE:SO) earned “Hold” rating by RBC Capital Markets on Wednesday, June 28. The stock of The Southern Company (NYSE:SO) earned “Hold” rating by SunTrust on Friday, February 23. Credit Suisse initiated the shares of SO in report on Wednesday, January 25 with “Underperform” rating. SunTrust maintained the shares of SO in report on Monday, March 19 with “Hold” rating. The firm has “Neutral” rating by Citigroup given on Friday, June 22. As per Wednesday, October 18, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by SunTrust on Monday, April 16 with “Hold”.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.21, from 1.1 in 2017Q4. It fall, as 76 investors sold SO shares while 359 reduced holdings. 75 funds opened positions while 310 raised stakes. 558.65 million shares or 1.91% more from 548.17 million shares in 2017Q4 were reported. Investment Of Virginia Limited Company invested in 6,625 shares or 0.07% of the stock. Boston & Management, a Massachusetts-based fund reported 5,450 shares. Moreover, Blume Capital Management has 0.01% invested in The Southern Company (NYSE:SO). Murphy Cap Mgmt Inc holds 0.18% of its portfolio in The Southern Company (NYSE:SO) for 29,109 shares. Arrow Fincl Corp has invested 0.01% in The Southern Company (NYSE:SO). Provise Management Gp Limited Liability Corp owns 56,404 shares. Fjarde Ap holds 181,817 shares. X Mgmt Limited Com, New York-based fund reported 204,337 shares. Virtu Ltd Liability Co holds 0.04% of its portfolio in The Southern Company (NYSE:SO) for 18,296 shares. Trustmark National Bank Tru Department reported 0.52% of its portfolio in The Southern Company (NYSE:SO). California-based Assetmark has invested 0% in The Southern Company (NYSE:SO). Clearbridge Invs Ltd Com stated it has 89,390 shares or 0% of all its holdings. Strategic Limited Co has invested 0.11% in The Southern Company (NYSE:SO). Ontario – Canada-based Td Asset has invested 0.05% in The Southern Company (NYSE:SO). Keystone Fincl Planning stated it has 0.18% in The Southern Company (NYSE:SO).

Analysts await The Southern Company (NYSE:SO) to report earnings on August, 1. They expect $0.66 earnings per share, down 9.59% or $0.07 from last year’s $0.73 per share. SO’s profit will be $667.67 million for 17.90 P/E if the $0.66 EPS becomes a reality. After $0.88 actual earnings per share reported by The Southern Company for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Buckhead Capital Management Llc, which manages about $1.27 billion and $452.80M US Long portfolio, upped its stake in Cai International Inc (CAP) by 48,695 shares to 121,375 shares, valued at $2.58 million in 2018Q1, according to the filing. It also increased its holding in Ppl Corp (NYSE:PPL) by 20,320 shares in the quarter, for a total of 120,402 shares, and has risen its stake in Procter And Gamble Co (NYSE:PG).

Investors sentiment increased to 1.44 in Q1 2018. Its up 0.28, from 1.16 in 2017Q4. It is positive, as 13 investors sold USAT shares while 23 reduced holdings. 16 funds opened positions while 36 raised stakes. 32.20 million shares or 17.02% more from 27.52 million shares in 2017Q4 were reported. Diker Ltd Liability Corp stated it has 35,000 shares. Schwab Charles Investment Mngmt has invested 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Credit Suisse Ag has invested 0% in USA Technologies, Inc. (NASDAQ:USAT). Bnp Paribas Arbitrage holds 10,416 shares or 0% of its portfolio. Balyasny Asset Lc has 16,950 shares for 0% of their portfolio. Millrace Asset Group Incorporated Inc invested 2.84% in USA Technologies, Inc. (NASDAQ:USAT). Cambridge Research Advsrs reported 15,653 shares. Oberweis Asset Management holds 0.35% or 147,400 shares. Trellus Management Lc has 76,900 shares. Driehaus Cap Mngmt Ltd stated it has 530,529 shares. Emerald Mutual Fund Advisers Trust invested 0.3% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). New York State Common Retirement Fund has invested 0% in USA Technologies, Inc. (NASDAQ:USAT). Wells Fargo And Co Mn reported 0% in USA Technologies, Inc. (NASDAQ:USAT). Citadel Advisors Ltd Limited Liability Company accumulated 50,675 shares. Barclays Public Ltd Com invested in 10,059 shares.

Among 5 analysts covering USA Tech (NASDAQ:USAT), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. USA Tech had 10 analyst reports since September 14, 2015 according to SRatingsIntel. Barrington Research upgraded the shares of USAT in report on Monday, September 14 to “Outperform” rating. The firm earned “Buy” rating on Monday, December 18 by Northland Capital. The rating was maintained by Northland Capital with “Buy” on Tuesday, September 5. Lake Street maintained it with “Buy” rating and $1700 target in Wednesday, June 13 report. Northland Capital maintained the shares of USAT in report on Monday, November 16 with “Outperform” rating. Barrington maintained the shares of USAT in report on Tuesday, April 3 with “Buy” rating. The stock of USA Technologies, Inc. (NASDAQ:USAT) earned “Buy” rating by Northland Capital on Friday, October 6.

Redmond Asset Management Llc, which manages about $222.44M and $224.71M US Long portfolio, decreased its stake in T Rowe Price Group Inc (NASDAQ:TROW) by 7,274 shares to 10,096 shares, valued at $1.09M in 2018Q1, according to the filing. It also reduced its holding in Stryker Corp (NYSE:SYK) by 6,448 shares in the quarter, leaving it with 13,826 shares, and cut its stake in Tractor Supply Co (NASDAQ:TSCO).

Another recent and important USA Technologies, Inc. (NASDAQ:USAT) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows USA Technologies, MBIA, Blue Apron, Dunkin’ Brands Group, Huntington Bancshares, and …” on June 27, 2018.

USA Technologies, Inc. (NASDAQ:USAT) Institutional Positions Chart

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