Seaboard (SEB) Holder Knightsbridge Asset Management Lifted Its Holding by $1.73 Million as Stock Value Declined; Parametric Portfolio Associates Holding in Watsco (WSO) Increased by $3.65 Million as Stock Price Declined

November 15, 2017 - By Peter Erickson

Parametric Portfolio Associates Llc increased its stake in Watsco Inc (WSO) by 107.51% based on its latest 2017Q2 regulatory filing with the SEC. Parametric Portfolio Associates Llc bought 23,686 shares as the company’s stock declined 7.78% while stock markets rallied. The institutional investor held 45,717 shares of the consumer durables company at the end of 2017Q2, valued at $7.05 million, up from 22,031 at the end of the previous reported quarter. Parametric Portfolio Associates Llc who had been investing in Watsco Inc for a number of months, seems to be bullish on the $5.88B market cap company. It closed at $164.19 lastly. It is down 8.75% since November 15, 2016 and is uptrending. It has underperformed by 7.95% the S&P500.

Knightsbridge Asset Management Llc increased its stake in Seaboard Corp (SEB) by 24.39% based on its latest 2017Q2 regulatory filing with the SEC. Knightsbridge Asset Management Llc bought 432 shares as the company’s stock declined 1.07% while stock markets rallied. The institutional investor held 2,203 shares of the investment bankers and brokers and service company at the end of 2017Q2, valued at $8.80 million, up from 1,771 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Seaboard Corp for a number of months, seems to be bullish on the $5.10B market cap company. It closed at $4354.87 lastly. It is down 36.88% since November 15, 2016 and is uptrending. It has outperformed by 20.18% the S&P500.




More notable recent Seaboard Corp (NYSEAMERICAN:SEB) news were published by: Wsj.com which released: “Terror Finance Abroad Touches Thanksgiving at Home” on November 21, 2016, also Nasdaq.com with their article: “Seaboard Corporation (SEB) Ex-Dividend Date Scheduled for November 10, 2017” published on November 09, 2017, Nasdaq.com published: “Ex-Dividend Reminder: Icahn Enterprises, Seaboard and Walgreens Boots Alliance” on November 08, 2017. More interesting news about Seaboard Corp (NYSEAMERICAN:SEB) were released by: Seekingalpha.com and their article: “Why To Buy Seaboard Corporation And Hold It Forever” published on May 31, 2016 as well as Kansascity.com‘s news article titled: “Merriam’s Seaboard linked to Lebanese family with apparent Hezbollah ties …” with publication date: November 22, 2016.

Knightsbridge Asset Management Llc, which manages about $398.58M and $131.15 million US Long portfolio, decreased its stake in Blackrock Res & Comm Strat T (BCX) by 613,919 shares to 217,632 shares, valued at $1.74M in 2017Q2, according to the filing.

Investors sentiment decreased to 1.45 in 2017 Q2. Its down 0.53, from 1.98 in 2017Q1. It dived, as 47 investors sold WSO shares while 65 reduced holdings. 49 funds opened positions while 113 raised stakes. 28.02 million shares or 3.66% more from 27.03 million shares in 2017Q1 were reported. Endurance Wealth Management holds 0.01% or 245 shares in its portfolio. Great West Life Assurance Can accumulated 18,417 shares. Schwab Charles Invest Incorporated reported 182,356 shares. Fiera Cap, a Quebec – Canada-based fund reported 5,500 shares. Ellington Mngmt Gp Ltd Liability invested 0.06% of its portfolio in Watsco Inc (NYSE:WSO). Ny State Teachers Retirement System holds 47,992 shares or 0.02% of its portfolio. Frontier Cap Limited Liability reported 311,363 shares or 0.35% of all its holdings. Bluecrest Capital Mgmt Ltd holds 0.1% or 17,160 shares. Kames Cap Public Ltd Company stated it has 0% in Watsco Inc (NYSE:WSO). 378,944 are held by Columbia Wanger Asset Management Ltd Liability. Artemis Management Llp invested 0.21% of its portfolio in Watsco Inc (NYSE:WSO). Waddell And Reed Fincl Incorporated reported 385,705 shares. Denali Advsrs invested in 6,300 shares. Lord Abbett Ltd Liability Corp reported 129,200 shares. Invesco owns 584,642 shares for 0.03% of their portfolio.

More news for Watsco Inc (NYSE:WSO) were recently published by: Globenewswire.com, which released: “Watsco Sets Records for Net Income, EPS and Delivers Strong Cash Flow During …” on October 25, 2017. Globenewswire.com‘s article titled: “Watsco to Present at the Goldman Sachs Industrials Conference 2017” and published on November 09, 2017 is yet another important article.

Parametric Portfolio Associates Llc, which manages about $81.23B US Long portfolio, decreased its stake in Caretrust Reit Inc (NASDAQ:CTRE) by 72,989 shares to 43,498 shares, valued at $806,000 in 2017Q2, according to the filing. It also reduced its holding in Greif Inc (NYSE:GEF) by 9,023 shares in the quarter, leaving it with 148,259 shares, and cut its stake in Ishares Barclays 1 (CSJ).

Among 10 analysts covering Watsco (NYSE:WSO), 7 have Buy rating, 2 Sell and 1 Hold. Therefore 70% are positive. Watsco had 29 analyst reports since September 11, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 26 by Stifel Nicolaus. Stephens maintained the stock with “Overweight” rating in Wednesday, October 28 report. The firm has “Positive” rating given on Wednesday, June 1 by Susquehanna. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, April 21 report. The rating was maintained by Barclays Capital on Monday, April 18 with “Underweight”. The rating was maintained by Morgan Stanley on Wednesday, July 26 with “Underweight”. The rating was maintained by Robert W. Baird on Thursday, August 31 with “Buy”. On Wednesday, February 15 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Neutral” rating by Stifel Nicolaus on Monday, April 25. The rating was maintained by Barclays Capital on Monday, October 5 with “Underweight”.

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