Akanthos Capital Management Boosted Its Stake in Ocwen Finl (OCN) by $2.25 Million; Strategic Global Advisors Decreased Its Position in Rockwell Automation (ROK) as Market Valuation Declined

May 18, 2018 - By Matt Maslow

Rockwell Automation Inc. (NYSE:ROK) Logo

Michael Kao increased its stake in Ocwen Finl Corp (OCN) by 75% based on its latest 2017Q4 regulatory filing with the SEC. Akanthos Capital Management Llc bought 750,000 shares as the company’s stock rose 27.50% while stock markets declined. The hedge fund run by Michael Kao held 1.75 million shares of the consumer services company at the end of 2017Q4, valued at $5.48 million, up from 1.00M at the end of the previous reported quarter. Akanthos Capital Management Llc who had been investing in Ocwen Finl Corp for a number of months, seems to be bullish on the $625.38M market cap company. The stock increased 0.43% or $0.02 during the last trading session, reaching $4.67. About 140,053 shares traded. Ocwen Financial Corporation (NYSE:OCN) has declined 16.56% since May 18, 2017 and is downtrending. It has underperformed by 28.11% the S&P500.




Strategic Global Advisors Llc decreased its stake in Rockwell Automation Inc (ROK) by 10.45% based on its latest 2017Q4 regulatory filing with the SEC. Strategic Global Advisors Llc sold 3,028 shares as the company’s stock declined 10.98% with the market. The institutional investor held 25,952 shares of the capital goods company at the end of 2017Q4, valued at $5.10M, down from 28,980 at the end of the previous reported quarter. Strategic Global Advisors Llc who had been investing in Rockwell Automation Inc for a number of months, seems to be less bullish one the $22.81 billion market cap company. The stock increased 1.05% or $1.88 during the last trading session, reaching $181.63. About 190,546 shares traded. Rockwell Automation Inc. (NYSE:ROK) has risen 13.32% since May 18, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Investors sentiment increased to 1.08 in Q4 2017. Its up 0.06, from 1.02 in 2017Q3. It increased, as 34 investors sold ROK shares while 226 reduced holdings. 95 funds opened positions while 187 raised stakes. 84.33 million shares or 2.10% less from 86.14 million shares in 2017Q3 were reported. First Financial Bank holds 1,690 shares or 0.05% of its portfolio. Swiss Bancorporation holds 0.1% or 473,336 shares. Winch Advisory Svcs Ltd Co has 7,361 shares. 3,331 were reported by Janney Cap Ltd Llc. Private Na stated it has 0.15% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Whittier holds 1,612 shares. The Massachusetts-based Puzo Michael J has invested 1.77% in Rockwell Automation Inc. (NYSE:ROK). Trillium Asset Mngmt Ltd Company reported 0.5% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Sg Americas Secs Ltd holds 0.06% in Rockwell Automation Inc. (NYSE:ROK) or 31,234 shares. Boston Private Wealth Lc stated it has 0.03% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Beese Fulmer Inv Management accumulated 14,666 shares or 0.62% of the stock. Riverhead Capital Mngmt Ltd Llc has invested 0.05% in Rockwell Automation Inc. (NYSE:ROK). Dimensional Fund Advsrs Ltd Partnership holds 417,143 shares or 0.03% of its portfolio. Cedar Hill Associate Limited Liability Com invested in 2,500 shares. Congress Asset Mgmt Ma invested 1.1% in Rockwell Automation Inc. (NYSE:ROK).

Among 30 analysts covering Rockwell Automation (NYSE:ROK), 5 have Buy rating, 3 Sell and 22 Hold. Therefore 17% are positive. Rockwell Automation had 74 analyst reports since September 9, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, October 31 by Wells Fargo. The stock of Rockwell Automation Inc. (NYSE:ROK) has “Buy” rating given on Friday, January 20 by Buckingham Research. The firm earned “Market Perform” rating on Thursday, January 25 by Wells Fargo. Barclays Capital maintained it with “Equal-Weight” rating and $173 target in Thursday, April 26 report. As per Monday, October 5, the company rating was downgraded by Barclays Capital. The firm has “Neutral” rating given on Thursday, January 25 by Citigroup. The stock has “Buy” rating by UBS on Thursday, April 26. The stock has “Equal-Weight” rating by Barclays Capital on Monday, March 26. The stock of Rockwell Automation Inc. (NYSE:ROK) has “Underperform” rating given on Wednesday, November 11 by Credit Agricole. The firm has “Outperform” rating by Wells Fargo given on Wednesday, March 28.

Since December 8, 2017, it had 0 buys, and 14 sales for $29.43 million activity. Fooks Elik I had sold 5,000 shares worth $932,501 on Thursday, February 22. $7.66M worth of Rockwell Automation Inc. (NYSE:ROK) was sold by Kulaszewicz Frank C on Tuesday, February 6. The insider DORGAN DAVID M sold 10,400 shares worth $2.11M. MCDERMOTT JOHN P sold $385,187 worth of stock. 696 shares were sold by Murphy Robert B, worth $139,200. On Friday, January 26 the insider Schmitt Susan sold $5.80 million.

Analysts await Rockwell Automation Inc. (NYSE:ROK) to report earnings on July, 25. They expect $2.03 EPS, up 15.34% or $0.27 from last year’s $1.76 per share. ROK’s profit will be $254.94M for 22.37 P/E if the $2.03 EPS becomes a reality. After $1.89 actual EPS reported by Rockwell Automation Inc. for the previous quarter, Wall Street now forecasts 7.41% EPS growth.

Another recent and important Rockwell Automation Inc. (NYSE:ROK) news was published by Streetinsider.com which published an article titled: “Rockwell Automation (ROK) Raises Quarterly Dividend 10.2% to $0.92; 2.3% Yield” on April 25, 2018.

Strategic Global Advisors Llc, which manages about $714.87 million and $308.15M US Long portfolio, upped its stake in Ishares Tr (EFA) by 138,726 shares to 295,017 shares, valued at $20.74 million in 2017Q4, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 2,610 shares in the quarter, for a total of 12,833 shares, and has risen its stake in Check Point Software Tech Lt (NASDAQ:CHKP).

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial had 25 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was upgraded by Compass Point on Wednesday, August 26 to “Neutral”. As per Thursday, April 28, the company rating was maintained by Compass Point. On Tuesday, March 29 the stock rating was maintained by Citigroup with “Neutral”. The rating was downgraded by Compass Point to “Neutral” on Thursday, January 12. The firm has “Buy” rating by Compass Point given on Monday, April 24. Piper Jaffray downgraded the shares of OCN in report on Tuesday, October 25 to “Underweight” rating. The firm earned “Buy” rating on Wednesday, September 14 by Compass Point. The stock of Ocwen Financial Corporation (NYSE:OCN) earned “Hold” rating by Piper Jaffray on Wednesday, February 28. Compass Point maintained Ocwen Financial Corporation (NYSE:OCN) on Tuesday, August 4 with “Sell” rating. As per Friday, July 31, the company rating was downgraded by Sterne Agee CRT.

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.36, from 0.84 in 2017Q3. It is positive, as 16 investors sold OCN shares while 30 reduced holdings. 26 funds opened positions while 29 raised stakes. 54.84 million shares or 4.05% less from 57.15 million shares in 2017Q3 were reported. Qs Investors Ltd Liability Co holds 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN) for 175 shares. Blackrock reported 6.93 million shares. The California-based First Republic Mgmt has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Group One Trading LP invested 0.04% in Ocwen Financial Corporation (NYSE:OCN). California State Teachers Retirement Sys reported 166,816 shares stake. Credit Suisse Ag holds 0% or 61,948 shares in its portfolio. Moreover, Amalgamated State Bank has 0% invested in Ocwen Financial Corporation (NYSE:OCN). Price T Rowe Associates Md has 166,948 shares for 0% of their portfolio. Sg Americas Securities Limited Liability Com reported 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Virtu Ltd Liability invested in 21,969 shares or 0% of the stock. 36 are owned by Sei Invs. Barclays Public Ltd Com has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Janney Montgomery Scott Ltd Liability holds 0% in Ocwen Financial Corporation (NYSE:OCN) or 33,150 shares. Glg Limited Partnership stated it has 0.18% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Panagora Asset Incorporated owns 3,000 shares for 0% of their portfolio.

Ocwen Financial Corporation (NYSE:OCN) Institutional Positions Chart

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