Gofen & Glossberg Increased Stake in Ecolab (ECL) by $471,108 as Stock Price Rose; As Altisource Asset Mgmt (AAMC) Valuation Declined, Shareholder Twin Securities Has Decreased Holding by $403,858

December 7, 2017 - By Adrian Mccoy

Twin Securities Inc decreased its stake in Altisource Asset Mgmt Corp (AAMC) by 21.44% based on its latest 2017Q2 regulatory filing with the SEC. Twin Securities Inc sold 4,438 shares as the company’s stock declined 2.73% while stock markets rallied. The hedge fund held 16,262 shares of the real estate company at the end of 2017Q2, valued at $1.49M, down from 20,700 at the end of the previous reported quarter. Twin Securities Inc who had been investing in Altisource Asset Mgmt Corp for a number of months, seems to be less bullish one the $115.16 million market cap company. The stock decreased 1.10% or $0.8 during the last trading session, reaching $72.2. About 951 shares traded. Altisource Asset Management Corporation (NYSEMKT:AAMC) has risen 495.14% since December 7, 2016 and is uptrending. It has outperformed by 478.44% the S&P500.

Gofen & Glossberg Llc increased its stake in Ecolab (ECL) by 1.75% based on its latest 2017Q2 regulatory filing with the SEC. Gofen & Glossberg Llc bought 3,569 shares as the company’s stock rose 2.53% with the market. The institutional investor held 208,077 shares of the package goods and cosmetics company at the end of 2017Q2, valued at $27.62 million, up from 204,508 at the end of the previous reported quarter. Gofen & Glossberg Llc who had been investing in Ecolab for a number of months, seems to be bullish on the $39.43B market cap company. The stock decreased 0.29% or $0.4 during the last trading session, reaching $136.48. About 41,973 shares traded. Ecolab Inc. (NYSE:ECL) has risen 9.41% since December 7, 2016 and is uptrending. It has underperformed by 7.29% the S&P500.




Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.50, from 1.25 in 2017Q1. It turned negative, as 3 investors sold AAMC shares while 5 reduced holdings. 2 funds opened positions while 4 raised stakes. 521,009 shares or 3.04% more from 505,646 shares in 2017Q1 were reported. 8,320 are held by Northern Trust. Neuberger Berman Group Ltd invested 0% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Envestnet Asset Management has 0% invested in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Wells Fargo Mn has invested 0% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Gratia Limited Liability Co holds 22,510 shares. Blackrock holds 0% or 1,841 shares in its portfolio. Dimensional Fund Advisors Lp reported 43,067 shares or 0% of all its holdings. Goldman Sachs Grp Inc Inc reported 0% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Putnam Investments Limited Co holds 0.06% or 271,292 shares in its portfolio. Tower Rech Cap Llc (Trc) stated it has 0% in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Moreover, Kazazian Asset Ltd Co has 0.8% invested in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC) for 5,800 shares. Brown Brothers Harriman has 0% invested in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). The Georgia-based Invesco Limited has invested 0% in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Twin Secs holds 0.24% or 16,262 shares in its portfolio. Bnp Paribas Arbitrage Sa has invested 0% in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC).

Twin Securities Inc, which manages about $752.99 million and $623.36M US Long portfolio, upped its stake in Akorn Inc (NASDAQ:AKRX) by 707,917 shares to 757,917 shares, valued at $25.42 million in 2017Q2, according to the filing. It also increased its holding in Mobileye N V Amstelveen (NYSE:MBLY) by 1.17 million shares in the quarter, for a total of 1.42 million shares, and has risen its stake in Nxp Semiconductors N V (Call) (NASDAQ:NXPI).

More news for Altisource Asset Management Corporation (NYSEAMERICAN:AAMC) were recently published by: Globenewswire.com, which released: “Altisource Asset Management Corporation Reports Fourth Quarter and Full Year …” on March 01, 2017. Seekingalpha.com‘s article titled: “Ocwen now down 40% as investors debate endgame” and published on April 20, 2017 is yet another important article.

Gofen & Glossberg Llc, which manages about $3.51B and $2.63B US Long portfolio, decreased its stake in Teva Pharmaceutical Ind Adr (NYSE:TEVA) by 20,117 shares to 67,651 shares, valued at $2.25 million in 2017Q2, according to the filing. It also reduced its holding in Praxair (NYSE:PX) by 2,420 shares in the quarter, leaving it with 28,901 shares, and cut its stake in American Express (NYSE:AXP).

Among 21 analysts covering Ecolab (NYSE:ECL), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 48% are positive. Ecolab had 53 analyst reports since July 30, 2015 according to SRatingsIntel. Jefferies maintained the shares of ECL in report on Thursday, July 13 with “Hold” rating. Deutsche Bank maintained the shares of ECL in report on Monday, September 14 with “Buy” rating. The rating was downgraded by Goldman Sachs to “Sell” on Monday, March 14. The firm earned “Hold” rating on Wednesday, November 1 by Jefferies. The company was maintained on Wednesday, August 2 by Stifel Nicolaus. The stock of Ecolab Inc. (NYSE:ECL) earned “Hold” rating by Robert W. Baird on Wednesday, October 11. The firm earned “Buy” rating on Thursday, July 27 by Canaccord Genuity. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, October 31. Sterne Agee CRT initiated Ecolab Inc. (NYSE:ECL) on Tuesday, March 22 with “Buy” rating. Nomura maintained the shares of ECL in report on Tuesday, September 12 with “Neutral” rating.

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