Owens Corning New (OC) Valuation Rose While Jefferies Group Has Raised Stake by $757,680; Abbott Labs (ABT) Shareholder Sageworth Trust Co Has Increased Its Position by $553,638 as Stock Declined

February 18, 2018 - By Louis Casey

Sageworth Trust Co increased its stake in Abbott Labs (ABT) by 10.29% based on its latest 2017Q3 regulatory filing with the SEC. Sageworth Trust Co bought 10,446 shares as the company’s stock declined 3.42% while stock markets rallied. The institutional investor held 111,953 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $5.97M, up from 101,507 at the end of the previous reported quarter. Sageworth Trust Co who had been investing in Abbott Labs for a number of months, seems to be bullish on the $104.73 billion market cap company. The stock increased 1.13% or $0.67 during the last trading session, reaching $60.17. About 7.85 million shares traded or 12.40% up from the average. Abbott Laboratories (NYSE:ABT) has risen 15.90% since February 18, 2017 and is uptrending. It has underperformed by 0.80% the S&P500.

Jefferies Group Llc increased its stake in Owens Corning New (OC) by 65.78% based on its latest 2017Q3 regulatory filing with the SEC. Jefferies Group Llc bought 9,840 shares as the company’s stock rose 7.09% with the market. The institutional investor held 24,798 shares of the industrial machinery and components company at the end of 2017Q3, valued at $1.92M, up from 14,958 at the end of the previous reported quarter. Jefferies Group Llc who had been investing in Owens Corning New for a number of months, seems to be bullish on the $9.73 billion market cap company. The stock decreased 0.08% or $0.07 during the last trading session, reaching $87.44. About 801,271 shares traded. Owens Corning (NYSE:OC) has risen 23.07% since February 18, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.




Among 25 analysts covering Owens Corning (NYSE:OC), 16 have Buy rating, 0 Sell and 9 Hold. Therefore 64% are positive. Owens Corning had 75 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Equal Weight” rating on Friday, January 6 by Barclays Capital. The rating was upgraded by Bank of America on Wednesday, March 1 to “Buy”. The stock of Owens Corning (NYSE:OC) earned “Buy” rating by RBC Capital Markets on Tuesday, November 14. As per Tuesday, October 31, the company rating was maintained by Nomura. The stock of Owens Corning (NYSE:OC) has “Mkt Perform” rating given on Thursday, October 27 by FBR Capital. The firm has “Buy” rating given on Monday, October 2 by RBC Capital Markets. The stock of Owens Corning (NYSE:OC) has “Hold” rating given on Wednesday, June 28 by Barclays Capital. Jefferies maintained Owens Corning (NYSE:OC) rating on Thursday, July 13. Jefferies has “Buy” rating and $7200 target. As per Tuesday, October 31, the company rating was maintained by KeyBanc Capital Markets. The rating was upgraded by Wells Fargo to “Outperform” on Thursday, August 31.

Since August 25, 2017, it had 0 insider purchases, and 6 sales for $14.53 million activity. Genis Arnaud sold 6,000 shares worth $424,500. $2.94 million worth of Owens Corning (NYSE:OC) was sold by SMITH DANIEL T. The insider McMurray Michael C. sold $1.07M. Francis Julian sold $198,567 worth of stock. Shares for $102,852 were sold by Schmidt Kelly.

Jefferies Group Llc, which manages about $15.15 billion US Long portfolio, decreased its stake in Advanced Micro Devices Inc (NASDAQ:AMD) by 642,696 shares to 26,604 shares, valued at $339,000 in 2017Q3, according to the filing. It also reduced its holding in Angies List Inc (NASDAQ:ANGI) by 376,855 shares in the quarter, leaving it with 45 shares, and cut its stake in Under Armour Inc (Put) (NYSE:UA).

Investors sentiment increased to 1.26 in 2017 Q3. Its up 0.32, from 0.94 in 2017Q2. It improved, as 29 investors sold OC shares while 115 reduced holdings. 61 funds opened positions while 120 raised stakes. 101.20 million shares or 1.31% less from 102.55 million shares in 2017Q2 were reported. State Street Corporation has invested 0.01% in Owens Corning (NYSE:OC). Davenport & Limited Co holds 7,460 shares or 0.01% of its portfolio. Westover Cap Advsrs holds 0.3% of its portfolio in Owens Corning (NYSE:OC) for 6,531 shares. Thompson Davis And Company holds 0.02% or 150 shares. 162,094 were reported by Bnp Paribas Arbitrage Sa. Rhumbline Advisers reported 116,816 shares. Nordea Invest owns 34,231 shares or 0.01% of their US portfolio. Aqr Cap Mngmt Limited Liability Company has invested 0.36% in Owens Corning (NYSE:OC). Sii Invs Wi has 0.04% invested in Owens Corning (NYSE:OC). Bkd Wealth Ltd owns 0.04% invested in Owens Corning (NYSE:OC) for 4,838 shares. Fifth Third Bancshares owns 181,231 shares. Cordasco Fincl has 1,000 shares. Castleark Mngmt Lc has invested 0.19% in Owens Corning (NYSE:OC). Cubist Systematic Strategies Ltd Liability Company reported 39,277 shares stake. Zacks Investment Mngmt holds 19,511 shares or 0.04% of its portfolio.

Sageworth Trust Co, which manages about $531.54M US Long portfolio, decreased its stake in Ishares Tr (IWD) by 12,575 shares to 11,958 shares, valued at $1.42M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IWF) by 8,475 shares in the quarter, leaving it with 11,387 shares, and cut its stake in Vanguard Index Fds (VOO).

Since August 16, 2017, it had 0 insider buys, and 7 sales for $31.71 million activity. $1.56 million worth of Abbott Laboratories (NYSE:ABT) was sold by Salvadori Daniel Gesua Sive. Ford Robert B also sold $2.69 million worth of Abbott Laboratories (NYSE:ABT) shares. Contreras Jaime had sold 52,700 shares worth $2.74M. Shares for $1.73M were sold by Blaser Brian J on Wednesday, January 31.

Among 25 analysts covering Abbott Laboratories (NYSE:ABT), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. Abbott Laboratories had 105 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Abbott Laboratories (NYSE:ABT) earned “Buy” rating by Stifel Nicolaus on Thursday, October 19. RBC Capital Markets maintained Abbott Laboratories (NYSE:ABT) rating on Thursday, July 23. RBC Capital Markets has “Outperform” rating and $55 target. On Friday, September 1 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Tuesday, September 5, the company rating was maintained by Jefferies. The firm has “Overweight” rating by Barclays Capital given on Thursday, September 28. BMO Capital Markets maintained Abbott Laboratories (NYSE:ABT) on Thursday, October 19 with “Market Perform” rating. On Tuesday, June 21 the stock rating was upgraded by Edward Jones to “Buy”. Barclays Capital maintained the shares of ABT in report on Thursday, January 25 with “Overweight” rating. The stock has “Buy” rating by Cowen & Co on Tuesday, August 15. BTIG Research reinitiated Abbott Laboratories (NYSE:ABT) rating on Wednesday, June 21. BTIG Research has “Buy” rating and $56 target.

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