American Campus (ACC) Position Maintained by Mondrian Investment Partners Ltd; Matarin Capital Management Decreased Its Position in Reliance Steel & Aluminum Co. (RS) as Valuation Declined

February 17, 2018 - By Matt Maslow

Matarin Capital Management Llc decreased its stake in Reliance Steel & Aluminum Co. (RS) by 48.34% based on its latest 2017Q3 regulatory filing with the SEC. Matarin Capital Management Llc sold 10,193 shares as the company’s stock declined 16.82% while stock markets rallied. The institutional investor held 10,892 shares of the metal fabrications company at the end of 2017Q3, valued at $829.64 million, down from 21,085 at the end of the previous reported quarter. Matarin Capital Management Llc who had been investing in Reliance Steel & Aluminum Co. for a number of months, seems to be less bullish one the $6.90 billion market cap company. The stock increased 3.39% or $3.1 during the last trading session, reaching $94.57. About 1.23 million shares traded or 178.01% up from the average. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since February 17, 2017 and is uptrending. It has underperformed by 16.57% the S&P500.

Mondrian Investment Partners Ltd increased its stake in American Campus (ACC) by 71.84% based on its latest 2017Q3 regulatory filing with the SEC. Mondrian Investment Partners Ltd bought 21,348 shares as the company’s stock declined 5.08% while stock markets rallied. The institutional investor held 51,065 shares of the real estate investment trusts company at the end of 2017Q3, valued at $2.26 million, up from 29,717 at the end of the previous reported quarter. Mondrian Investment Partners Ltd who had been investing in American Campus for a number of months, seems to be bullish on the $5.03B market cap company. The stock increased 1.10% or $0.4 during the last trading session, reaching $36.77. About 804,990 shares traded. American Campus Communities, Inc. (NYSE:ACC) has risen 2.17% since February 17, 2017 and is uptrending. It has underperformed by 14.53% the S&P500.




Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.27, from 1.23 in 2017Q2. It dropped, as 32 investors sold RS shares while 105 reduced holdings. 31 funds opened positions while 101 raised stakes. 59.07 million shares or 1.45% less from 59.94 million shares in 2017Q2 were reported. Teachers Retirement System Of The State Of Kentucky stated it has 14,970 shares. Amundi Pioneer Asset Management Inc owns 308,308 shares or 0.07% of their US portfolio. Wellington Mgmt Ltd Liability Partnership holds 0.03% or 1.91M shares in its portfolio. Coldstream Capital Mngmt Inc has invested 0.08% in Reliance Steel & Aluminum Co. (NYSE:RS). Weaver C Barksdale & has invested 0.06% in Reliance Steel & Aluminum Co. (NYSE:RS). Cibc Asset Mgmt holds 0% in Reliance Steel & Aluminum Co. (NYSE:RS) or 8,784 shares. Commonwealth Savings Bank Of Australia has invested 0.04% in Reliance Steel & Aluminum Co. (NYSE:RS). Legal General Gru Public Ltd accumulated 0.01% or 113,455 shares. Amalgamated State Bank owns 13,517 shares or 0.03% of their US portfolio. Pitcairn reported 0.04% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). California Pub Employees Retirement Systems holds 0.02% or 189,237 shares. Bnp Paribas Asset Management Holding Sa holds 0% in Reliance Steel & Aluminum Co. (NYSE:RS) or 5,781 shares. Fmr Limited Liability Corporation holds 516,936 shares. 47,329 are held by Great West Life Assurance Com Can. 8,929 were reported by Ing Groep Nv.

Since December 8, 2017, it had 0 buys, and 1 sale for $92,861 activity.

Among 9 analysts covering Reliance Steel (NYSE:RS), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Reliance Steel had 38 analyst reports since September 8, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, November 3 by Cowen & Co. On Tuesday, September 5 the stock rating was maintained by Bank of America with “Buy”. The firm earned “Buy” rating on Tuesday, September 8 by Bank of America. The firm has “Buy” rating by Cowen & Co given on Thursday, January 4. The company was maintained on Wednesday, October 4 by Jefferies. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Overweight” rating given on Monday, January 9 by KeyBanc Capital Markets. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Outperform” rating given on Tuesday, March 14 by Macquarie Research. The stock has “Buy” rating by Bank of America on Monday, January 8. KeyBanc Capital Markets maintained it with “Buy” rating and $97.0 target in Thursday, February 15 report. The rating was upgraded by Longbow on Wednesday, February 7 to “Buy”.

Matarin Capital Management Llc, which manages about $198.00M and $1176.43B US Long portfolio, upped its stake in Movado Group Inc. (NYSE:MOV) by 9,957 shares to 163,327 shares, valued at $4.57B in 2017Q3, according to the filing. It also increased its holding in Unum Group (NYSE:UNM) by 42,059 shares in the quarter, for a total of 47,447 shares, and has risen its stake in Central Valley Community Bancorp (NASDAQ:CVCY).

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.08, from 1.17 in 2017Q2. It is positive, as 23 investors sold ACC shares while 87 reduced holdings. 36 funds opened positions while 102 raised stakes. 135.54 million shares or 1.20% less from 137.19 million shares in 2017Q2 were reported. Utah Retirement accumulated 0.03% or 29,988 shares. Ls Inv Ltd Limited Liability Company holds 10,463 shares. Alliancebernstein LP reported 162,936 shares stake. Bb&T Securities Ltd Co holds 44,395 shares or 0.03% of its portfolio. Btim reported 74,449 shares. Qs holds 0% in American Campus Communities, Inc. (NYSE:ACC) or 6,309 shares. Macquarie Group stated it has 0% in American Campus Communities, Inc. (NYSE:ACC). Commonwealth Equity, a Massachusetts-based fund reported 4,822 shares. Nuveen Asset Management Limited Liability holds 0.18% or 614,578 shares. Moreover, Duff Phelps Com has 0.51% invested in American Campus Communities, Inc. (NYSE:ACC) for 825,633 shares. Teachers & Annuity Association Of America invested in 133,888 shares or 0.16% of the stock. Cwm Ltd Co invested in 414 shares or 0% of the stock. Fifth Third Natl Bank holds 37,191 shares or 0.01% of its portfolio. Envestnet Asset Inc holds 0.01% in American Campus Communities, Inc. (NYSE:ACC) or 51,015 shares. Tci Wealth Advsr Inc accumulated 142 shares.

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