Cutera, Inc. (CUTR) Reaches $24.70 52-Week High, Capwealth Advisors Lowered By $11.51 Million Its Wells Fargo & Co New (WFC) Stake

June 19, 2017 - By Stephen Andrade

The stock of Cutera, Inc. (NASDAQ:CUTR) hit a new 52-week high and has $25.69 target or 4.00% above today’s $24.70 share price. The 6 months bullish chart indicates low risk for the $348.27M company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $25.69 price target is reached, the company will be worth $13.93M more. About 67,629 shares traded. Cutera, Inc. (NASDAQ:CUTR) has risen 102.00% since June 19, 2016 and is uptrending. It has outperformed by 85.30% the S&P500.

Capwealth Advisors Llc decreased Wells Fargo & Co New (WFC) stake by 93.53% reported in 2016Q4 SEC filing. Capwealth Advisors Llc sold 209,208 shares as Wells Fargo & Co New (WFC)’s stock declined 8.66%. The Capwealth Advisors Llc holds 14,471 shares with $797,000 value, down from 223,679 last quarter. Wells Fargo & Co New now has $272.15 billion valuation. The stock rose 1.08% or $0.58 reaching $54.47. About 6.49 million shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since June 19, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.30, from 0.97 in 2016Q3. It dived, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. 3.70 billion shares or 2.97% more from 3.60 billion shares in 2016Q3 were reported. Palestra Cap Ltd owns 1.03 million shares. Dean Inv Llc reported 1.25% in Wells Fargo & Co (NYSE:WFC). Salem Capital Management reported 0.12% in Wells Fargo & Co (NYSE:WFC). Stillwater Invest Lc has invested 1.3% in Wells Fargo & Co (NYSE:WFC). One Capital Limited Com invested 0.98% in Wells Fargo & Co (NYSE:WFC). Wagner Bowman reported 10,891 shares stake. Pine River Capital LP holds 0.02% in Wells Fargo & Co (NYSE:WFC) or 9,422 shares. First Midwest State Bank Tru Division stated it has 0.27% in Wells Fargo & Co (NYSE:WFC). Comerica accumulated 0.39% or 11,712 shares. Mutual Of Omaha Retail Bank Wealth Management holds 0.15% in Wells Fargo & Co (NYSE:WFC) or 7,864 shares. Parnassus Ca holds 16.60M shares. Parasol Mngmt Ltd Llc owns 0.06% invested in Wells Fargo & Co (NYSE:WFC) for 1,000 shares. The Alabama-based Welch Gru Limited Liability Corporation has invested 0.17% in Wells Fargo & Co (NYSE:WFC). Amalgamated Bankshares reported 0.75% stake. Glob Endowment Lp stated it has 0.07% of its portfolio in Wells Fargo & Co (NYSE:WFC).

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on July, 21. They expect $1.04 EPS, up 2.97% or $0.03 from last year’s $1.01 per share. WFC’s profit will be $5.20 billion for 13.09 P/E if the $1.04 EPS becomes a reality. After $1.00 actual EPS reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts 4.00% EPS growth.

Among 30 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 12 Hold. Therefore 43% are positive. Wells Fargo & Company had 69 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Vining Sparks with “Strong-Buy” on Friday, April 28. Robert W. Baird upgraded Wells Fargo & Co (NYSE:WFC) on Monday, September 19 to “Outperform” rating. On Friday, October 16 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Neutral” rating on Wednesday, April 6 by Guggenheim. The stock of Wells Fargo & Co (NYSE:WFC) has “Overweight” rating given on Friday, October 9 by JP Morgan. The rating was upgraded by Goldman Sachs on Monday, January 11 to “Buy”. The rating was downgraded by JP Morgan on Wednesday, September 21 to “Neutral”. The stock has “Neutral” rating by Credit Suisse on Thursday, February 16. As per Monday, November 28, the company rating was downgraded by Jefferies. FBR Capital maintained the shares of WFC in report on Tuesday, September 27 with “Outperform” rating.

Since March 3, 2017, it had 1 insider buy, and 7 sales for $397.31 million activity. $6.95 million worth of Wells Fargo & Co (NYSE:WFC) shares were sold by CARROLL DAVID M. Pelos Petros G also sold $1.34M worth of Wells Fargo & Co (NYSE:WFC) on Monday, June 12. 38,988 shares valued at $2.05M were sold by Mack Mary T on Thursday, June 8. The insider Loughlin Michael J sold $1.04M. BERKSHIRE HATHAWAY INC sold 7.13M shares worth $383.92M. 9,050 shares were bought by SARGENT RONALD, worth $499,108 on Friday, May 5. Hardison Hope A. had sold 20,000 shares worth $1.04M.

Capwealth Advisors Llc increased Westrock Company stake by 6,065 shares to 172,236 valued at $8.74M in 2016Q4. It also upped Schlumberger Ltd (NYSE:SLB) stake by 5,874 shares and now owns 32,439 shares. Franklin Finl Network Inc was raised too.

Since February 16, 2017, it had 0 buys, and 15 sales for $9.38 million activity. Laber Larry sold $21,963 worth of stock or 957 shares. 250,000 shares valued at $5.06 million were sold by PLANTS J DANIEL on Monday, March 13. The insider GOLLNICK DAVID A sold 3,000 shares worth $61,568. On Friday, February 24 the insider APFELBERG DAVID B sold $254,059. On Thursday, June 1 the insider SANTILLI RONALD J sold $88,518. Shares for $103,630 were sold by Pardos Miguel on Monday, April 3.

Investors sentiment increased to 2.65 in 2016 Q4. Its up 1.15, from 1.5 in 2016Q3. It increased, as 3 investors sold Cutera, Inc. shares while 17 reduced holdings. 24 funds opened positions while 29 raised stakes. 9.18 million shares or 8.78% more from 8.44 million shares in 2016Q3 were reported. Palisade Management Lc Nj has invested 0.04% of its portfolio in Cutera, Inc. (NASDAQ:CUTR). Oxford Asset Mngmt holds 26,261 shares. Susquehanna International Gru Ltd Liability Partnership reported 0% in Cutera, Inc. (NASDAQ:CUTR). Acadian Asset Management Ltd reported 0.01% of its portfolio in Cutera, Inc. (NASDAQ:CUTR). Zacks Investment Management accumulated 0.03% or 61,924 shares. Blackrock Inc has 7,989 shares. Globeflex Limited Partnership has invested 0.1% of its portfolio in Cutera, Inc. (NASDAQ:CUTR). Goldman Sachs Gru owns 47,153 shares for 0% of their portfolio. Amer Gp stated it has 6,746 shares or 0% of all its holdings. Blackrock Advsr Limited Liability stated it has 20,140 shares or 0% of all its holdings. Blackrock Fund Advsr has invested 0% in Cutera, Inc. (NASDAQ:CUTR). Jpmorgan Chase Company reported 105,643 shares or 0% of all its holdings. Lyon Street Capital Ltd Liability Corp invested 5.37% in Cutera, Inc. (NASDAQ:CUTR). Gamco Invsts Et Al has 0.07% invested in Cutera, Inc. (NASDAQ:CUTR). Mufg Americas Hldgs Corp has invested 0% in Cutera, Inc. (NASDAQ:CUTR).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: