As Citigroup (C) Stock Declined, Holder Oldfield Partners Llp Has Trimmed by $5.18 Million Its Stake; Denver Investment Advisors Boosted Its Stake in Watts Water Technologies (WTS) by $1.72 Million as Valuation Rose

April 26, 2018 - By Dolores Ford

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Denver Investment Advisors Llc increased its stake in Watts Water Technologies (WTS) by 13.26% based on its latest 2017Q4 regulatory filing with the SEC. Denver Investment Advisors Llc bought 22,938 shares as the company’s stock rose 0.79% while stock markets declined. The hedge fund held 195,933 shares of the capital goods company at the end of 2017Q4, valued at $14.88M, up from 172,995 at the end of the previous reported quarter. Denver Investment Advisors Llc who had been investing in Watts Water Technologies for a number of months, seems to be bullish on the $2.60 billion market cap company. The stock decreased 0.59% or $0.45 during the last trading session, reaching $76.25. About 113,057 shares traded. Watts Water Technologies, Inc. (NYSE:WTS) has risen 26.34% since April 26, 2017 and is uptrending. It has outperformed by 14.79% the S&P500.

Oldfield Partners Llp decreased its stake in Citigroup Inc (C) by 2.3% based on its latest 2017Q4 regulatory filing with the SEC. Oldfield Partners Llp sold 70,050 shares as the company’s stock declined 9.55% with the market. The institutional investor held 2.97M shares of the major banks company at the end of 2017Q4, valued at $221.16 million, down from 3.04M at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $176.86 billion market cap company. The stock increased 0.35% or $0.24 during the last trading session, reaching $69.36. About 16.06M shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since April 26, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Among 12 analysts covering Watts Water Technologies (NYSE:WTS), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Watts Water Technologies had 31 analyst reports since August 17, 2015 according to SRatingsIntel. As per Thursday, September 28, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Northcoast given on Monday, September 18. The firm has “Buy” rating by Boenning & Scattergood given on Thursday, November 2. The stock has “Hold” rating by Cowen & Co on Thursday, July 20. The stock of Watts Water Technologies, Inc. (NYSE:WTS) earned “Buy” rating by Stifel Nicolaus on Tuesday, January 16. The stock has “Buy” rating by Boenning & Scattergood on Thursday, August 3. The company was maintained on Friday, May 5 by Oppenheimer. The rating was maintained by Oppenheimer with “Hold” on Wednesday, June 14. Robert W. Baird maintained the shares of WTS in report on Wednesday, December 13 with “Hold” rating. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, December 10.

Since December 8, 2017, it had 0 insider buys, and 6 insider sales for $7.74 million activity. The insider Trapp Todd A sold 8,975 shares worth $681,014. $526,043 worth of Watts Water Technologies, Inc. (NYSE:WTS) was sold by Nanda Munish. Shares for $264,493 were sold by Melhem Elie. 50,000 shares valued at $3.86 million were sold by HORNE TIMOTHY P on Thursday, March 8.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.04, from 1.15 in 2017Q3. It improved, as 17 investors sold WTS shares while 58 reduced holdings. 29 funds opened positions while 60 raised stakes. 25.52 million shares or 1.15% less from 25.81 million shares in 2017Q3 were reported. Cornercap Investment Counsel holds 0.12% or 11,135 shares in its portfolio. Morgan Stanley holds 77,159 shares. Eulav Asset Management reported 7,100 shares stake. Captrust Financial Advsrs reported 144 shares. Moreover, Riverhead Cap Management has 0.01% invested in Watts Water Technologies, Inc. (NYSE:WTS) for 2,405 shares. Koch Incorporated has 0.04% invested in Watts Water Technologies, Inc. (NYSE:WTS). Price T Rowe Associate Md reported 13,518 shares. 125,443 were reported by Jupiter Asset Mgmt. Millennium Mgmt Limited Liability Corp has 254,138 shares. 57,200 were reported by Stone Run Cap Ltd Company. Blackrock Inc reported 0.01% stake. Glenmede Trust Na accumulated 200 shares. Caprock Incorporated owns 5,413 shares for 0.08% of their portfolio. Legal And General Group Public Limited Co reported 0% stake. Gabelli Funds Ltd Limited Liability Company owns 0.24% invested in Watts Water Technologies, Inc. (NYSE:WTS) for 545,000 shares.

Denver Investment Advisors Llc, which manages about $9.81 billion and $2.01B US Long portfolio, decreased its stake in Mantech International Corp (NASDAQ:MANT) by 23,322 shares to 383,854 shares, valued at $19.27 million in 2017Q4, according to the filing. It also reduced its holding in Fmc Corp (NYSE:FMC) by 7,676 shares in the quarter, leaving it with 181,040 shares, and cut its stake in Big Lots Inc (NYSE:BIG).

Since February 27, 2018, it had 0 buys, and 6 selling transactions for $4.97 million activity. Hu W. Bradford sold $611,804 worth of stock. $263,126 worth of Citigroup Inc. (NYSE:C) was sold by MURRAY JOSEPH MICHAEL. Fraser Jane Nind had sold 32,400 shares worth $2.51 million on Tuesday, February 27. 6,466 shares valued at $500,666 were sold by Forese James A. on Tuesday, February 27. 7,000 shares were sold by Gerspach John C, worth $542,920.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. It dived, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Cranbrook Wealth Mgmt Limited stated it has 0.02% of its portfolio in Citigroup Inc. (NYSE:C). Investec Asset Management North America owns 186,322 shares for 2.2% of their portfolio. Fort Point Cap Partners Limited Liability Corp accumulated 0.15% or 4,350 shares. Crystal Rock Capital Management reported 125,900 shares. Burt Wealth Advsrs reported 250 shares or 0.01% of all its holdings. Kings Point Cap holds 0.01% or 549 shares in its portfolio. Ibm Retirement Fund reported 69,045 shares. Moreover, Ifc Hldg Fl has 0.06% invested in Citigroup Inc. (NYSE:C). State Treasurer State Of Michigan has 775,056 shares. Sterneck Capital Llc holds 1.43% or 32,123 shares. Liberty Mutual Grp Asset accumulated 108,590 shares. Bluefin Trading Ltd Limited Liability Company accumulated 0.43% or 94,250 shares. Greystone Invest Mgmt Limited Liability Co owns 102,437 shares. Illinois-based Gofen Glossberg Lc Il has invested 0.71% in Citigroup Inc. (NYSE:C). Fulton Bank & Trust Na accumulated 22,935 shares.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.58 EPS, up 24.41% or $0.31 from last year’s $1.27 per share. C’s profit will be $4.03 billion for 10.97 P/E if the $1.58 EPS becomes a reality. After $1.68 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -5.95% negative EPS growth.

Oldfield Partners Llp, which manages about $6.57B and $1.32 billion US Long portfolio, upped its stake in Sk Telecom Co Ltd (NYSE:SKM) by 57,250 shares to 2.79 million shares, valued at $77.95 million in 2017Q4, according to the filing. It also increased its holding in Petroleo Brasileiro Sa by 1.00 million shares in the quarter, for a total of 5.75 million shares, and has risen its stake in Pfizer Inc (NYSE:PFE).

Among 40 analysts covering Citigroup Inc. (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. Therefore 58% are positive. Citigroup Inc. had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, January 2 by Barclays Capital. Vining Sparks upgraded the stock to “Buy” rating in Friday, April 6 report. The rating was maintained by Oppenheimer with “Buy” on Thursday, July 20. Vertical Group initiated the stock with “Buy” rating in Tuesday, September 5 report. As per Friday, October 13, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained Citigroup Inc. (NYSE:C) rating on Friday, August 18. RBC Capital Markets has “Buy” rating and $75.0 target. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, July 8. The stock of Citigroup Inc. (NYSE:C) has “Market Perform” rating given on Friday, September 4 by BMO Capital Markets. The company was downgraded on Monday, August 24 by SunTrust. Barclays Capital maintained Citigroup Inc. (NYSE:C) rating on Monday, March 14. Barclays Capital has “Overweight” rating and $60 target.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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