Carmignac Gestion Has Lifted Allegheny Technologies (ATI) Position by $2.60 Million; As Prestige Brands Hldgs (PBH) Stock Price Declined, Mesirow Financial Investment Management Us Value Equity Has Decreased Stake

February 17, 2018 - By Vivian Park

Mesirow Financial Investment Management Us Value Equity decreased its stake in Prestige Brands Hldgs Inc (PBH) by 6.69% based on its latest 2017Q3 regulatory filing with the SEC. Mesirow Financial Investment Management Us Value Equity sold 23,820 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 332,261 shares of the health care company at the end of 2017Q3, valued at $16.64 million, down from 356,081 at the end of the previous reported quarter. Mesirow Financial Investment Management Us Value Equity who had been investing in Prestige Brands Hldgs Inc for a number of months, seems to be less bullish one the $1.87 billion market cap company. The stock increased 1.12% or $0.39 during the last trading session, reaching $35.21. About 601,769 shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 8.57% since February 17, 2017 and is downtrending. It has underperformed by 25.27% the S&P500.

Carmignac Gestion increased its stake in Allegheny Technologies Inc (ATI) by 35.65% based on its latest 2017Q3 regulatory filing with the SEC. Carmignac Gestion bought 113,000 shares as the company’s stock declined 21.75% while stock markets rallied. The institutional investor held 430,000 shares of the steel and iron ore company at the end of 2017Q3, valued at $10.28M, up from 317,000 at the end of the previous reported quarter. Carmignac Gestion who had been investing in Allegheny Technologies Inc for a number of months, seems to be bullish on the $3.50 billion market cap company. The stock decreased 1.03% or $0.29 during the last trading session, reaching $27.82. About 2.29 million shares traded or 12.63% up from the average. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since February 17, 2017 and is uptrending. It has outperformed by 23.39% the S&P500.




Mesirow Financial Investment Management Us Value Equity, which manages about $12.10 billion and $1.52 billion US Long portfolio, upped its stake in Fnb Corp Pa (NYSE:FNB) by 69,930 shares to 1.34M shares, valued at $18.76M in 2017Q3, according to the filing. It also increased its holding in Supernus Pharmaceuticals Inc (NASDAQ:SUPN) by 142,215 shares in the quarter, for a total of 354,955 shares, and has risen its stake in Dst Sys Inc Del (NYSE:DST).

Among 10 analysts covering Prestige Brands Holdings (NYSE:PBH), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Prestige Brands Holdings had 24 analyst reports since August 11, 2015 according to SRatingsIntel. As per Wednesday, November 15, the company rating was upgraded by BMO Capital Markets. Jefferies maintained the shares of PBH in report on Friday, February 2 with “Hold” rating. The rating was upgraded by Raymond James on Monday, May 22 to “Outperform”. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) on Monday, August 14 with “Hold” rating. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Hold”. The rating was maintained by Jefferies with “Hold” on Thursday, November 2. On Tuesday, December 27 the stock rating was maintained by B. Riley & Co with “Buy”. Jefferies reinitiated Prestige Brands Holdings, Inc. (NYSE:PBH) on Friday, June 2 with “Hold” rating. Gabelli initiated the shares of PBH in report on Thursday, November 17 with “Buy” rating. DA Davidson downgraded the shares of PBH in report on Monday, February 5 to “Neutral” rating.

Investors sentiment increased to 1.64 in 2017 Q3. Its up 0.34, from 1.3 in 2017Q2. It improved, as 19 investors sold PBH shares while 57 reduced holdings. 32 funds opened positions while 93 raised stakes. 56.08 million shares or 5.89% more from 52.96 million shares in 2017Q2 were reported. Sg Americas Securities Limited Liability accumulated 15,977 shares. Ing Groep Nv accumulated 6,491 shares. Smithfield Communications holds 0.03% or 5,115 shares. Evercore Wealth Ltd accumulated 0% or 550 shares. Ahl Partners Llp holds 0.01% or 11,895 shares. Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in Prestige Brands Holdings, Inc. (NYSE:PBH). Price T Rowe Assocs Inc Md reported 0.01% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH). Geode Ltd owns 477,303 shares for 0.01% of their portfolio. State Board Of Administration Of Florida Retirement Systems reported 33,796 shares. Washington Capital Mgmt has invested 0.43% in Prestige Brands Holdings, Inc. (NYSE:PBH). Advantus Cap Mgmt Inc holds 0.01% or 6,677 shares. Magnetar Financial holds 0.03% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH) for 23,434 shares. Retail Bank Of Montreal Can invested in 2,008 shares. First Mercantile Tru invested in 2,136 shares. Teachers & Annuity Association Of America holds 0.03% or 22,172 shares in its portfolio.

Carmignac Gestion, which manages about $13.01B US Long portfolio, decreased its stake in Check Point Software Tech (NASDAQ:CHKP) by 58,622 shares to 406,399 shares, valued at $46.34M in 2017Q3, according to the filing. It also reduced its holding in Pioneer Natural Resources Co (Prn) (Put) (NYSE:PXD) by 2.93M shares in the quarter, leaving it with 100,000 shares, and cut its stake in Yy Inc (NASDAQ:YY).

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.71, from 1.57 in 2017Q2. It dived, as 28 investors sold ATI shares while 87 reduced holdings. 44 funds opened positions while 55 raised stakes. 116.44 million shares or 0.85% less from 117.44 million shares in 2017Q2 were reported. Jpmorgan Chase owns 4,210 shares or 0% of their US portfolio. 157,006 were reported by Credit Suisse Ag. 25,200 were accumulated by South Dakota Council. 9,615 were reported by Nomura Inc. Moreover, Envestnet Asset Management has 0% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 34,025 shares. Iridian Asset Mgmt Limited Liability Company Ct invested in 1.76% or 8.61M shares. Oregon Pub Employees Retirement Fund invested 0.02% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Comerica Commercial Bank holds 0.02% or 87,208 shares in its portfolio. Pinnacle Associates Limited holds 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 10,115 shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 66,036 shares. Washington Trust Bankshares reported 1,400 shares. Thompson Davis And Co Inc owns 276 shares or 0.01% of their US portfolio. Amer Intl Group reported 0.02% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Riverhead Cap Ltd Liability invested in 9,406 shares. Frontier Mngmt Company Llc holds 5.78M shares or 1% of its portfolio.

Among 13 analysts covering Allegheny Tech (NYSE:ATI), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Allegheny Tech had 39 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Allegheny Technologies Incorporated (NYSE:ATI) on Thursday, October 1 with “Buy” rating. Bank of America upgraded the stock to “Buy” rating in Monday, September 11 report. On Monday, May 23 the stock rating was upgraded by Bank of America to “Buy”. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Hold” rating given on Tuesday, July 25 by Cowen & Co. The rating was maintained by Cowen & Co with “Hold” on Thursday, July 6. Seaport Global maintained Allegheny Technologies Incorporated (NYSE:ATI) on Monday, January 22 with “Buy” rating. The rating was downgraded by Bank of America on Tuesday, July 21 to “Neutral”. As per Tuesday, October 20, the company rating was downgraded by Bank of America. The firm earned “Buy” rating on Friday, January 26 by Buckingham Research. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Buy” rating by Rosenblatt on Friday, December 11.

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