Massachusetts Financial Services Company Has Increased Its Stake in Regal Beloit (RBC) by $4.72 Million; Kroger Co (KR) Position Has Boosted by Midas Management Corp

November 15, 2017 - By Dolores Ford

Massachusetts Financial Services Company increased its stake in Regal Beloit Corp (RBC) by 5.38% based on its latest 2017Q2 regulatory filing with the SEC. Massachusetts Financial Services Company bought 58,318 shares as the company’s stock rose 5.37% with the market. The institutional investor held 1.14 million shares of the metal fabrications company at the end of 2017Q2, valued at $93.22 million, up from 1.08M at the end of the previous reported quarter. Massachusetts Financial Services Company who had been investing in Regal Beloit Corp for a number of months, seems to be bullish on the $3.34 billion market cap company. The stock decreased 1.11% or $0.85 during the last trading session, reaching $75.5. About shares traded. Regal Beloit Corp (NYSE:RBC) has risen 45.93% since November 15, 2016 and is uptrending. It has outperformed by 29.23% the S&P500.

Midas Management Corp increased its stake in Kroger Co (KR) by 213.33% based on its latest 2017Q2 regulatory filing with the SEC. Midas Management Corp bought 64,000 shares as the company’s stock declined 14.05% while stock markets rallied. The institutional investor held 94,000 shares of the food chains company at the end of 2017Q2, valued at $2.19M, up from 30,000 at the end of the previous reported quarter. Midas Management Corp who had been investing in Kroger Co for a number of months, seems to be bullish on the $19.59 billion market cap company. The stock decreased 0.54% or $0.12 during the last trading session, reaching $22.02. About shares traded. Kroger Co (NYSE:KR) has declined 16.08% since November 15, 2016 and is downtrending. It has underperformed by 32.78% the S&P500.




Among 33 analysts covering Kroger (NYSE:KR), 14 have Buy rating, 0 Sell and 19 Hold. Therefore 42% are positive. Kroger had 92 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Tuesday, August 15 with “Hold”. RBC Capital Markets maintained Kroger Co (NYSE:KR) rating on Wednesday, September 7. RBC Capital Markets has “Sector Perform” rating and $37 target. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, June 16 report. The stock of Kroger Co (NYSE:KR) has “Hold” rating given on Friday, June 16 by Jefferies. Barclays Capital maintained it with “Equal-Weight” rating and $38 target in Thursday, September 3 report. Piper Jaffray upgraded the stock to “Neutral” rating in Wednesday, December 14 report. The stock has “Buy” rating by Pivotal Research on Thursday, October 12. The firm has “Hold” rating by UBS given on Monday, June 19. The rating was downgraded by Wolfe Research to “Peer Perform” on Wednesday, June 15. On Tuesday, August 2 the stock rating was downgraded by BMO Capital Markets to “Market Perform”.

Since June 16, 2017, it had 0 insider buys, and 1 sale for $131,235 activity.

More notable recent Kroger Co (NYSE:KR) news were published by: Bizjournals.com which released: “See where Kroger ranks in use of toxic chemicals among major retailers” on November 14, 2017, also Seekingalpha.com with their article: “Fundamental And Technical Reasons To Consider Kroger” published on October 31, 2017, Bizjournals.com published: “Kroger plans $19M plant” on November 13, 2017. More interesting news about Kroger Co (NYSE:KR) were released by: Seekingalpha.com and their article: “Kroger: Is It A Must Buy?” published on November 09, 2017 as well as Fool.com‘s news article titled: “4 Things Kroger Co Management Wants You to Know” with publication date: October 29, 2017.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.07, from 0.93 in 2017Q1. It is positive, as 105 investors sold KR shares while 223 reduced holdings. 93 funds opened positions while 234 raised stakes. 661.79 million shares or 5.01% less from 696.72 million shares in 2017Q1 were reported. Weik Inv Serv Inc, a Pennsylvania-based fund reported 16,675 shares. Alpha Windward reported 0% in Kroger Co (NYSE:KR). Cibc World Markets Corporation reported 128,959 shares stake. Clearbridge Invests Ltd has 0.04% invested in Kroger Co (NYSE:KR). 10,000 are held by Bluestein R H And. First Financial Corp In accumulated 1,179 shares. Citadel Limited Liability Company accumulated 0.04% or 1.84M shares. Orrstown Fin Ser holds 0.02% or 640 shares. Aviva Public Ltd Liability Co has invested 0.08% in Kroger Co (NYSE:KR). Moreover, Hermes Investment has 0.11% invested in Kroger Co (NYSE:KR). Fort Washington Invest Incorporated Oh has invested 0.01% in Kroger Co (NYSE:KR). 261,534 are owned by Commerzbank Aktiengesellschaft Fi. Advisory Ser Net Ltd Liability Com stated it has 0% in Kroger Co (NYSE:KR). Capital Counsel holds 13,820 shares or 0.14% of its portfolio. Counselors Inc owns 0.01% invested in Kroger Co (NYSE:KR) for 9,656 shares.

Since May 23, 2017, it had 0 insider purchases, and 2 insider sales for $1.11 million activity.

More notable recent Regal Beloit Corp (NYSE:RBC) news were published by: Seekingalpha.com which released: “Regal Beloit (RBC) Q3 2017 Results – Earnings Call Transcript” on November 06, 2017, also Blogs.Wsj.com with their article: “CFO Moves: Regal Beloit Corp.” published on November 06, 2017, Prnewswire.com published: “Regal Beloit Corporation to Present at RW Baird’s 2017 Global Industrial …” on October 31, 2017. More interesting news about Regal Beloit Corp (NYSE:RBC) were released by: Prnewswire.com and their article: “Regal Beloit Corporation To Hold Third Quarter 2017 Earnings Conference Call …” published on October 09, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Regal Beloit says VP and CFO Charles A. Hinrichs, will retire on March …” with publication date: November 06, 2017.

Among 14 analysts covering Regal Beloit Corp (NYSE:RBC), 4 have Buy rating, 1 Sell and 9 Hold. Therefore 29% are positive. Regal Beloit Corp had 36 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, September 27 by Seaport Global Securities. On Friday, June 9 the stock rating was maintained by Jefferies with “Hold”. The stock of Regal Beloit Corp (NYSE:RBC) earned “Accumulate” rating by Seaport Global on Wednesday, March 23. The company was maintained on Tuesday, September 12 by Jefferies. The firm has “Overweight” rating given on Monday, January 11 by Morgan Stanley. KeyBanc Capital Markets downgraded the shares of RBC in report on Tuesday, May 10 to “Sector Weight” rating. The stock of Regal Beloit Corp (NYSE:RBC) earned “Hold” rating by Stifel Nicolaus on Wednesday, July 19. The firm has “Hold” rating by Jefferies given on Monday, October 16. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, October 2 report. Oppenheimer maintained Regal Beloit Corp (NYSE:RBC) on Wednesday, August 9 with “Buy” rating.

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