Northern Capital Management Lifted Visa (V) Position by $1.43 Million; Immersion (IMMR) Shareholder Cooper Creek Partners Management Has Decreased Its Holding by $1.77 Million

September 14, 2018 - By Catherine Smith

Immersion Corporation (NASDAQ:IMMR) Logo

Cooper Creek Partners Management Llc decreased its stake in Immersion Corp (IMMR) by 11.9% based on its latest 2018Q2 regulatory filing with the SEC. Cooper Creek Partners Management Llc sold 117,751 shares as the company’s stock declined 36.21% while stock markets rallied. The hedge fund held 871,348 shares of the computer peripheral equipment company at the end of 2018Q2, valued at $13.45M, down from 989,099 at the end of the previous reported quarter. Cooper Creek Partners Management Llc who had been investing in Immersion Corp for a number of months, seems to be less bullish one the $327.40 million market cap company. The stock decreased 2.47% or $0.27 during the last trading session, reaching $10.64. About 100,465 shares traded. Immersion Corporation (NASDAQ:IMMR) has risen 50.48% since September 14, 2017 and is uptrending. It has outperformed by 34.86% the S&P500. Some Historical IMMR News: 11/05/2018 – IMMERSION CORP SAYS VIEX & AFFILIATES AGREED TO WITHDRAW ITS NOMINEES FOR ELECTION AS DIRECTORS AT 2018 ANNUAL MEETING – SEC FLING; 10/05/2018 – IMMERSION CORP FILES FOR NON TIMELY 10-Q – SEC FILING; 30/03/2018 – ClinicalTrial US: NATO Litter: Fluid Immersion System (FIS) Versus Traditional Mattress for Pressure Dispersion; 11/05/2018 – Immersion Reaches Agreement with VIEX Capital Advisors, LLC; 10/05/2018 – Immersion 1Q Adjusted Earnings $71.5; 07/03/2018 – IMMERSION CORP – SIGNED A MULTI-YEAR LICENSE AGREEMENT WITH ROBERT BOSCH CAR MULTIMEDIA GMBH; 10/05/2018 – Immersion 1Q Net $69.9M; 08/03/2018 – Immersion Files Additional Lawsuits Against Samsung in U.S. and China; 07/03/2018 – IMMERSION CORP – BOSCH TO INCORPORATE IMMERSION’S HAPTICS TECHNOLOGY IN AUTOMOTIVE APPLICATIONS; 03/05/2018 – Richland Source: Spanish Immersion student wins agency billboard contest

Northern Capital Management Llc increased its stake in Visa Inc (V) by 166.51% based on its latest 2018Q2 regulatory filing with the SEC. Northern Capital Management Llc bought 10,840 shares as the company’s stock rose 9.06% with the market. The institutional investor held 17,350 shares of the business services company at the end of 2018Q2, valued at $2.30 million, up from 6,510 at the end of the previous reported quarter. Northern Capital Management Llc who had been investing in Visa Inc for a number of months, seems to be bullish on the $328.52B market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $147.64. About 2.26 million shares traded. Visa Inc. (NYSE:V) has risen 38.00% since September 14, 2017 and is uptrending. It has outperformed by 22.38% the S&P500. Some Historical V News: 25/04/2018 – VISA INC – QTRLY NET OPERATING REVENUES OF $5.1 BLN, AN INCREASE OF 13%; 25/04/2018 – VISA INC QTRLY PAYMENTS VOLUME FOR THE THREE MONTHS ENDED MARCH 31, 2018, GREW 11% OVER THE PRIOR YEAR ON A CONSTANT-DOLLAR BASIS; 21/03/2018 – PRESS RELEASE TTSERVICES AWARDED CONTRACT TO PROVIDE CANADIAN VISA APPLICATION CENTRE SERVICES IN 21 COUNTRIES ACROSS THE AMERICAS; 20/05/2018 – VIETNAM MAY OFFER 30-DAY VISA EXEMPTIONS FOR 12 NATIONS; 25/04/2018 – VISA INC V.N FY2018 SHR VIEW $4.41, REV VIEW $20.18 BLN — THOMSON REUTERS l/B/E/S; 24/05/2018 – The Vancouver Sun: Breaking: @TransLink says it will “pause” Morgan Freeman’s SkyTrain announcements, done as part of a VISA; 16/05/2018 – Remarks by Commissioner Avramopoulos on managing migration and on upgrading the EU Visa Information System; 06/04/2018 – SERGEI SKRIPAL’S NIECE VIKTORIA DENIED VISA TO COME TO BRITAIN – BBC SAYS; 07/04/2018 – Federal Register: 60-day Notice of Proposed Information Collection: Application for Immigrant Visa and Alien Registration; 24/04/2018 – Visa Bond Trading 2x Average; Clients Net Buyers

Since April 30, 2018, it had 0 insider buys, and 2 insider sales for $6.13 million activity. $5.06 million worth of Visa Inc. (NYSE:V) shares were sold by MCINERNEY RYAN.

Investors sentiment increased to 1.02 in Q2 2018. Its up 0.14, from 0.88 in 2018Q1. It increased, as 39 investors sold V shares while 633 reduced holdings. 124 funds opened positions while 560 raised stakes. 1.56 billion shares or 0.77% less from 1.57 billion shares in 2018Q1 were reported. Johnson Financial Group stated it has 0.1% in Visa Inc. (NYSE:V). Chevy Chase Trust Inc has invested 1.16% in Visa Inc. (NYSE:V). Nippon Life Global Americas reported 3.02% in Visa Inc. (NYSE:V). Carlson Capital Limited Partnership holds 800,876 shares or 1.49% of its portfolio. Anderson Hoagland holds 4.46% or 60,415 shares. 2,619 were accumulated by Northeast Financial Consultants. Whittier Tru Commerce reported 0.78% of its portfolio in Visa Inc. (NYSE:V). First Tru Company has 56,571 shares for 0.83% of their portfolio. Alps Advsrs holds 0% or 5,941 shares in its portfolio. New York-based Paradigm Asset Management Co Ltd Co has invested 0% in Visa Inc. (NYSE:V). 19,136 were reported by Cue Fin Gp. Schnieders Mngmt Lc holds 20,600 shares. Parsec Financial Management has invested 1.38% of its portfolio in Visa Inc. (NYSE:V). Waters Parkerson Ltd Llc holds 394,350 shares. Blackrock accumulated 121.55 million shares.

More important recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa Inc. (V) Management Presents at Deutsche Bank 2018 Technology Brokers Conference (Transcript)” on September 13, 2018, also Seekingalpha.com published article titled: “Visa Call Options Have Fantastic Upside”, Seekingalpha.com published: “Visa: Up And Away” on August 21, 2018. More interesting news about Visa Inc. (NYSE:V) was released by: Seekingalpha.com and their article: “Visa Continuously Evolves” with publication date: August 28, 2018.

Among 44 analysts covering Visa Inc. (NYSE:V), 35 have Buy rating, 0 Sell and 9 Hold. Therefore 80% are positive. Visa Inc. had 140 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Loop Capital with “Buy” on Wednesday, February 15. On Tuesday, June 26 the stock rating was maintained by Buckingham Research with “Buy”. Buckingham Research maintained Visa Inc. (NYSE:V) on Thursday, October 26 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Thursday, January 4. The firm has “Buy” rating given on Wednesday, June 6 by Wedbush. The company was maintained on Wednesday, October 25 by Oppenheimer. The company was maintained on Thursday, February 1 by Piper Jaffray. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Tuesday, July 17 by Bank of America. The stock of Visa Inc. (NYSE:V) earned “Outperform” rating by RBC Capital Markets on Friday, April 21. FBR Capital maintained the shares of V in report on Friday, July 24 with “Mkt Perform” rating.

Northern Capital Management Llc, which manages about $394.79 million and $411.62 million US Long portfolio, decreased its stake in Government Properties Inc (NYSE:GOV) by 24,290 shares to 93,470 shares, valued at $1.48 million in 2018Q2, according to the filing. It also reduced its holding in Wyndham Destinations Inc (NYSE:WYN) by 18,110 shares in the quarter, leaving it with 25,850 shares, and cut its stake in Perkinelmer Inc (NYSE:PKI).

Investors sentiment increased to 2.29 in Q2 2018. Its up 1.18, from 1.11 in 2018Q1. It improved, as 13 investors sold IMMR shares while 18 reduced holdings. 44 funds opened positions while 27 raised stakes. 21.60 million shares or 3.25% more from 20.92 million shares in 2018Q1 were reported. Price T Rowe Associate Md invested in 0% or 28,969 shares. Psagot Inv House Limited invested in 0% or 1,010 shares. Systematic Mngmt Ltd Partnership owns 86,620 shares for 0.03% of their portfolio. Wealthtrust invested in 0.01% or 877 shares. Thompson Davis invested in 500 shares or 0.02% of the stock. Aqr Cap Management Ltd Liability Co accumulated 113,464 shares or 0% of the stock. Wells Fargo & Communication Mn holds 109,444 shares or 0% of its portfolio. Ameritas Invest Prtnrs Inc stated it has 2,323 shares or 0% of all its holdings. Cubist Systematic Strategies Limited Liability invested 0.01% in Immersion Corporation (NASDAQ:IMMR). Gsa Capital Prtn Limited Liability Partnership has 73,564 shares. National Bank Of Ny Mellon Corporation owns 122,470 shares or 0% of their US portfolio. Piedmont Invest Advsr Ltd Company reported 0% in Immersion Corporation (NASDAQ:IMMR). Retail Bank Of America De reported 0% stake. Howe Rusling accumulated 65 shares. Millennium Mgmt Limited Liability Corporation accumulated 1.02 million shares.

Since May 17, 2018, it had 0 insider buys, and 2 sales for $19.99 million activity.

More important recent Immersion Corporation (NASDAQ:IMMR) news were published by: Schaeffersresearch.com which released: “Analyst: This Tech Stock Could Surge 50%” on September 12, 2018, also Benzinga.com published article titled: “Benzinga’s Top Upgrades, Downgrades For September 12, 2018”, Benzinga.com published: “Craig-Hallum Bullish On Immersion’s New Interim CEO” on September 12, 2018. More interesting news about Immersion Corporation (NASDAQ:IMMR) was released by: Benzinga.com and their article: “38 Stocks Moving In Wednesday’s Mid-Day Session” with publication date: September 12, 2018.

Analysts await Immersion Corporation (NASDAQ:IMMR) to report earnings on November, 1. They expect $-0.15 earnings per share, down 50.00% or $0.05 from last year’s $-0.1 per share. After $-0.26 actual earnings per share reported by Immersion Corporation for the previous quarter, Wall Street now forecasts -42.31% EPS growth.

Visa Inc. (NYSE:V) Institutional Positions Chart

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