Gargoyle Investment Advisor Trimmed Target (TGT) Stake as Valuation Declined; Rayonier Advanced Matls (RYAM) Holder Shell Asset Management Co Has Trimmed Position

February 24, 2018 - By Stephen Andrade

Shell Asset Management Co decreased its stake in Rayonier Advanced Matls Inc (RYAM) by 97.36% based on its latest 2017Q3 regulatory filing with the SEC. Shell Asset Management Co sold 62,213 shares as the company’s stock rose 2.81% with the market. The institutional investor held 1,689 shares of the major chemicals company at the end of 2017Q3, valued at $56,000, down from 63,902 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in Rayonier Advanced Matls Inc for a number of months, seems to be less bullish one the $867.27M market cap company. The stock increased 1.21% or $0.24 during the last trading session, reaching $20.04. About 1.12M shares traded or 48.82% up from the average. Rayonier Advanced Materials Inc. (NYSE:RYAM) has risen 2.89% since February 24, 2017 and is uptrending. It has underperformed by 13.81% the S&P500.

Gargoyle Investment Advisor Llc decreased its stake in Target Corp (TGT) by 56.1% based on its latest 2017Q3 regulatory filing with the SEC. Gargoyle Investment Advisor Llc sold 18,655 shares as the company’s stock declined 14.90% while stock markets rallied. The institutional investor held 14,600 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $862,000, down from 33,255 at the end of the previous reported quarter. Gargoyle Investment Advisor Llc who had been investing in Target Corp for a number of months, seems to be less bullish one the $40.99 billion market cap company. The stock increased 0.51% or $0.38 during the last trading session, reaching $75.41. About 5.48M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since February 24, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.




Among 28 analysts covering Target Corporation (NYSE:TGT), 9 have Buy rating, 3 Sell and 16 Hold. Therefore 32% are positive. Target Corporation had 84 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Thursday, August 18. The firm has “Peer Perform” rating given on Friday, April 29 by Wolfe Research. The firm has “Market Perform” rating given on Friday, August 18 by BMO Capital Markets. The rating was upgraded by Vetr on Wednesday, September 2 to “Strong-Buy”. The stock has “Overweight” rating by Piper Jaffray on Thursday, February 4. Stifel Nicolaus maintained the shares of TGT in report on Monday, September 18 with “Hold” rating. The firm has “Sell” rating by Goldman Sachs given on Thursday, January 19. The rating was maintained by Stifel Nicolaus on Wednesday, October 18 with “Hold”. The firm has “Neutral” rating given on Thursday, February 25 by M Partners. The firm has “Hold” rating by Robert W. Baird given on Tuesday, January 2.

Analysts await Target Corporation (NYSE:TGT) to report earnings on March, 6 before the open. They expect $1.39 earnings per share, down 4.14% or $0.06 from last year’s $1.45 per share. TGT’s profit will be $755.57M for 13.56 P/E if the $1.39 EPS becomes a reality. After $0.91 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 52.75% EPS growth.

Gargoyle Investment Advisor Llc, which manages about $353.70M and $272.32M US Long portfolio, upped its stake in Franklin Res Inc (NYSE:BEN) by 18,000 shares to 63,433 shares, valued at $2.82 million in 2017Q3, according to the filing. It also increased its holding in Molson Coors Brewing Co (NYSE:TAP) by 13,460 shares in the quarter, for a total of 36,960 shares, and has risen its stake in Live Nation Entertainment In (NYSE:LYV).

Among 6 analysts covering Rayonier Advanced Materials Inc (NYSE:RYAM), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Rayonier Advanced Materials Inc had 24 analyst reports since August 21, 2015 according to SRatingsIntel. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, February 27 report. The firm has “Buy” rating given on Thursday, November 2 by RBC Capital Markets. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Tuesday, September 13 report. The rating was maintained by RBC Capital Markets on Monday, September 25 with “Buy”. Bank of America maintained the stock with “Buy” rating in Wednesday, February 21 report. The rating was maintained by RBC Capital Markets on Wednesday, February 3 with “Sector Perform”. As per Friday, September 4, the company rating was upgraded by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 11. As per Friday, May 26, the company rating was upgraded by Vertical Research. The firm has “Buy” rating given on Friday, May 26 by Bank of America.

Shell Asset Management Co, which manages about $5.95B US Long portfolio, upped its stake in Northern Tr Corp (NASDAQ:NTRS) by 22,624 shares to 34,698 shares, valued at $2.36 million in 2017Q3, according to the filing. It also increased its holding in Huntington Ingalls Inds Inc (NYSE:HII) by 15,622 shares in the quarter, for a total of 37,225 shares, and has risen its stake in Cbs Corp New (NYSE:CBS).

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