Buckingham Capital Management Cut Iconix Brand Group (ICON) Stake By $1.20 Million, Inuvo (NYSEMKT:INUV) Had 3 Analysts Last Week

July 17, 2017 - By Henry Gaston

Buckingham Capital Management Inc decreased Iconix Brand Group Inc (ICON) stake by 19.52% reported in 2016Q4 SEC filing. Buckingham Capital Management Inc sold 133,534 shares as Iconix Brand Group Inc (ICON)’s stock declined 30.61%. The Buckingham Capital Management Inc holds 550,496 shares with $5.14M value, down from 684,030 last quarter. Iconix Brand Group Inc now has $380.71 million valuation. The stock increased 1.71% or $0.11 on July 14, reaching $6.56. About shares traded. Iconix Brand Group Inc (NASDAQ:ICON) has declined 13.52% since July 17, 2016 and is downtrending. It has underperformed by 30.22% the S&P500.

Among 3 analysts covering Inuvo (NYSEMKT:INUV), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Inuvo had 3 analyst reports since September 29, 2015 according to SRatingsIntel. On Tuesday, September 29 the stock rating was initiated by Roth Capital with “Buy”. The firm has “Buy” rating by Ladenburg Thalmann given on Monday, December 14. The firm has “Buy” rating by TH Capital given on Tuesday, September 29. See Inuvo Inc (NYSEMKT:INUV) latest ratings:

Among 6 analysts covering Iconix Brand Group (NASDAQ:ICON), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Iconix Brand Group had 10 analyst reports since August 7, 2015 according to SRatingsIntel. Monness Crespi & Hardt upgraded Iconix Brand Group Inc (NASDAQ:ICON) on Wednesday, August 12 to “Buy” rating. The rating was downgraded by Nomura to “” on Friday, August 7. On Friday, November 6 the stock rating was maintained by Wunderlich with “Hold”. TH Capital maintained Iconix Brand Group Inc (NASDAQ:ICON) on Wednesday, November 11 with “Buy” rating. Brean Capital maintained Iconix Brand Group Inc (NASDAQ:ICON) on Friday, August 7 with “Buy” rating. As per Friday, November 6, the company rating was downgraded by Brean Capital. The stock of Iconix Brand Group Inc (NASDAQ:ICON) has “Buy” rating given on Wednesday, November 11 by Roth Capital. Monness Crespi & Hardt downgraded the shares of ICON in report on Friday, November 6 to “Neutral” rating. Wunderlich downgraded Iconix Brand Group Inc (NASDAQ:ICON) rating on Friday, August 7. Wunderlich has “Hold” rating and $16 target. On Friday, September 30 the stock rating was initiated by Guggenheim with “Neutral”.

Buckingham Capital Management Inc increased Diamond Offshore Drilling Inc (NYSE:DO) stake by 159,216 shares to 307,016 valued at $5.43M in 2016Q4. It also upped Monro Muffler Brake Inc Com St (NASDAQ:MNRO) stake by 56,871 shares and now owns 186,075 shares. Collegium Pharma was raised too.

Investors sentiment decreased to 1.18 in Q4 2016. Its down 0.02, from 1.2 in 2016Q3. It is negative, as 17 investors sold ICON shares while 43 reduced holdings. 25 funds opened positions while 46 raised stakes. 48.91 million shares or 5.88% more from 46.19 million shares in 2016Q3 were reported. Synovus Finance holds 0% or 3 shares in its portfolio. Midas Corp holds 58,400 shares or 0.26% of its portfolio. Federated Invsts Incorporated Pa reported 119,433 shares. Qs Invsts Limited Co holds 0% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON) for 55 shares. Radcliffe Capital LP holds 21,700 shares or 0.04% of its portfolio. Deutsche Bancorporation Ag invested 0% in Iconix Brand Group Inc (NASDAQ:ICON). American International Gp invested in 33,496 shares. Geode Cap Limited Co owns 421,092 shares. Texas Permanent School Fund invested in 0.01% or 40,938 shares. Blackrock Investment Mngmt Ltd Liability Corp holds 0% or 258,264 shares. Loews stated it has 0% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON). 126,722 were accumulated by Tiaa Cref Investment Mngmt Limited Liability. Connor Clark And Lunn Mngmt Limited reported 963,175 shares. Tower Research Cap Limited Liability (Trc), a New York-based fund reported 1,137 shares. Comerica National Bank & Trust has 0% invested in Iconix Brand Group Inc (NASDAQ:ICON) for 59,311 shares.

Analysts await Iconix Brand Group Inc (NASDAQ:ICON) to report earnings on August, 3. They expect $0.19 earnings per share, down 29.63% or $0.08 from last year’s $0.27 per share. ICON’s profit will be $11.03M for 8.63 P/E if the $0.19 EPS becomes a reality. After $0.21 actual earnings per share reported by Iconix Brand Group Inc for the previous quarter, Wall Street now forecasts -9.52% negative EPS growth.

Inuvo, Inc. is an Internet advertising technology and digital publishing company. The company has market cap of $29.03 million. The Firm operates through two divisions: the Partner Network (advertising technology), and the Owned and Operated Network (digital publishing). It currently has negative earnings. Within the Partner Network segment, the Company recruits online publishers and provides them an advertising delivery service, the primary brands for which are ValidClick and SearchLinks.

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