As Cit Group (CIT) Share Price Rose, United Fire Group Decreased Holding; Managed Asset Portfolios Stake in Kratos Defense & Sec Solutio (KTOS) Has Trimmed by $950,290

December 5, 2017 - By Kurt Siggers

United Fire Group Inc decreased its stake in Cit Group Inc (CIT) by 88.6% based on its latest 2017Q2 regulatory filing with the SEC. United Fire Group Inc sold 48,787 shares as the company’s stock rose 7.62% with the market. The institutional investor held 6,278 shares of the consumer services company at the end of 2017Q2, valued at $306,000, down from 55,065 at the end of the previous reported quarter. United Fire Group Inc who had been investing in Cit Group Inc for a number of months, seems to be less bullish one the $6.55 billion market cap company. The stock decreased 1.40% or $0.71 during the last trading session, reaching $49.86. About 32,369 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since December 5, 2016 and is uptrending. It has outperformed by 29.51% the S&P500.




Managed Asset Portfolios Llc decreased its stake in Kratos Defense & Sec Solutio (KTOS) by 6.46% based on its latest 2017Q2 regulatory filing with the SEC. Managed Asset Portfolios Llc sold 86,390 shares as the company’s stock rose 19.21% with the market. The institutional investor held 1.25M shares of the capital goods company at the end of 2017Q2, valued at $14.86M, down from 1.34 million at the end of the previous reported quarter. Managed Asset Portfolios Llc who had been investing in Kratos Defense & Sec Solutio for a number of months, seems to be less bullish one the $1.04B market cap company. The stock decreased 0.39% or $0.039 during the last trading session, reaching $10.031. About 121,138 shares traded. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has risen 142.79% since December 5, 2016 and is uptrending. It has outperformed by 126.09% the S&P500.

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. CIT Group had 52 analyst reports since July 23, 2015 according to SRatingsIntel. On Wednesday, October 25 the stock rating was maintained by BMO Capital Markets with “Underperform”. The rating was downgraded by Citigroup on Wednesday, February 3 to “Neutral”. Goldman Sachs reinitiated CIT Group Inc. (NYSE:CIT) on Friday, August 14 with “Neutral” rating. Credit Suisse maintained the stock with “Hold” rating in Thursday, June 29 report. The rating was maintained by Stifel Nicolaus on Monday, November 9 with “Buy”. The firm has “Buy” rating given on Wednesday, April 26 by Bank of America. On Tuesday, June 6 the stock rating was maintained by Oppenheimer with “Buy”. BMO Capital Markets downgraded the shares of CIT in report on Friday, November 18 to “Underperform” rating. The stock has “Neutral” rating by Nomura on Tuesday, May 3. BMO Capital Markets maintained the stock with “Sell” rating in Friday, October 6 report.

Investors sentiment decreased to 0.34 in 2017 Q2. Its down 0.76, from 1.1 in 2017Q1. It turned negative, as 80 investors sold CIT shares while 121 reduced holdings. 31 funds opened positions while 38 raised stakes. 145.43 million shares or 26.78% less from 198.63 million shares in 2017Q1 were reported. Daiwa Secs Gru reported 5,400 shares. Ls Advisors Limited Liability Company owns 3,437 shares or 0.01% of their US portfolio. Kemper holds 0.17% of its portfolio in CIT Group Inc. (NYSE:CIT) for 7,026 shares. Robeco Institutional Asset Mgmt Bv owns 3,094 shares for 0% of their portfolio. Tennessee-based First Mercantile Trust has invested 0.47% in CIT Group Inc. (NYSE:CIT). Federated Invsts Pa holds 0.14% or 1.02M shares in its portfolio. Nwq Invest Mngmt Ltd Llc owns 4.09 million shares. Fire Gp has 6,278 shares for 0.11% of their portfolio. Rockefeller Fincl Services stated it has 0% of its portfolio in CIT Group Inc. (NYSE:CIT). Nomura Hldg Inc accumulated 480,229 shares. Proshare Ltd Liability owns 0.01% invested in CIT Group Inc. (NYSE:CIT) for 25,289 shares. Great West Life Assurance Can holds 0.01% or 100,485 shares. Qci Asset Mngmt Inc Ny reported 60 shares stake. Westpac Bk invested in 12,330 shares or 0% of the stock. Caisse De Depot Et Placement Du Quebec accumulated 41,700 shares.

Since June 9, 2017, it had 1 insider purchase, and 0 insider sales for $1,096 activity.

Another recent and important CIT Group Inc. (NYSE:CIT) news was published by Nasdaq.com which published an article titled: “CIT Group Inc (DEL) (CIT) Ex-Dividend Date Scheduled for November 09, 2017” on November 08, 2017.

Analysts await CIT Group Inc. (NYSE:CIT) to report earnings on January, 30. They expect $0.82 EPS, up 38.98% or $0.23 from last year’s $0.59 per share. CIT’s profit will be $107.64M for 15.20 P/E if the $0.82 EPS becomes a reality. After $1.02 actual EPS reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth.

Among 10 analysts covering Kratos Defense and Security (NASDAQ:KTOS), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Kratos Defense and Security had 24 analyst reports since August 29, 2016 according to SRatingsIntel. On Friday, July 28 the stock rating was maintained by Noble Financial with “Buy”. The firm has “Buy” rating given on Wednesday, June 28 by Noble Financial. The stock of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) earned “Buy” rating by Noble Financial on Wednesday, September 13. Noble Financial maintained the shares of KTOS in report on Friday, November 3 with “Buy” rating. The firm earned “Buy” rating on Tuesday, January 17 by Canaccord Genuity. J.P. Morgan initiated it with “Hold” rating and $13.0 target in Friday, December 1 report. On Friday, June 9 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Jefferies on Friday, July 14 with “Hold”. The company was initiated on Thursday, January 19 by SunTrust. Jefferies maintained Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) on Friday, November 3 with “Hold” rating.

More news for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) were recently published by: Globenewswire.com, which released: “Kratos Defense & Security Solutions, Inc. Announces Proposed Offering of $300 …” on November 06, 2017. Fool.com‘s article titled: “The risk for Kratos Defense & Security today” and published on December 04, 2017 is yet another important article.

Managed Asset Portfolios Llc, which manages about $361.80M and $303.08 million US Long portfolio, upped its stake in Sanofi (NYSE:SNY) by 13,215 shares to 337,287 shares, valued at $16.16 million in 2017Q2, according to the filing. It also increased its holding in Nokia Corp (NYSE:NOK) by 557,750 shares in the quarter, for a total of 1.36 million shares, and has risen its stake in Ebay Inc (NASDAQ:EBAY).

Analysts await Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) to report earnings on February, 26. KTOS’s profit will be $4.13 million for 62.69 P/E if the $0.04 EPS becomes a reality.

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