Quadrant Capital Management Has Increased Goodyear Tire & Rubber (GT) Position by $900,250; Stock Price Declined; First Finl Bancorp Oh (FFBC) Shareholder Truepoint Has Decreased Position by $391.41 Million

June 17, 2018 - By Clifton Ray

First Financial Bancorp. (NASDAQ:FFBC) Logo

Truepoint Inc decreased its stake in First Finl Bancorp Oh (FFBC) by 97.07% based on its latest 2018Q1 regulatory filing with the SEC. Truepoint Inc sold 11,482 shares as the company’s stock rose 11.19% while stock markets declined. The institutional investor held 347 shares of the major banks company at the end of 2018Q1, valued at $11.83M, down from 11,829 at the end of the previous reported quarter. Truepoint Inc who had been investing in First Finl Bancorp Oh for a number of months, seems to be less bullish one the $3.16B market cap company. The stock decreased 0.77% or $0.25 during the last trading session, reaching $32.3. About 481,595 shares traded. First Financial Bancorp. (NASDAQ:FFBC) has risen 23.26% since June 17, 2017 and is uptrending. It has outperformed by 10.69% the S&P500. Some Historical FFBC News: 03/04/2018 – SQN Banking Systems Partners with First Bank and Trust of New Orleans to Stop Bogus Checks; 28/03/2018 – First Financial Closes Above 50-Day Moving Average: Technicals; 13/03/2018 – First Bank & Trust Company Participates in VBA Bank Day Scholarship Program: Virginia High School Seniors Will Shadow Bankers f; 06/04/2018 – News On MainSource Financial Group Inc. (MSFG) Now Under FFBC; 16/05/2018 – Cincinnati Business Courier: EXCLUSIVE: First Financial names lead independent director; 29/05/2018 – First Fincl Bancorp Ohio Completes Conversion of MainSource Fincl Group Into First Fincl; 19/04/2018 – First Fincl Bancorp Ohio 1Q Net $30.5M; 19/04/2018 – DJ First Bancorp of Indiana Inc, Inst Holders, 1Q 2018 (FBPI); 09/05/2018 – Fitch Affirms First Bancorp’s Ratings at ‘B-‘ and Removes Negative Watch; Outlook Stable; 26/04/2018 – First National Bank Alaska Declares Dividend for Second Quarter 2018




Quadrant Capital Management Llc increased its stake in Goodyear Tire & Rubber (GT) by 91.54% based on its latest 2018Q1 regulatory filing with the SEC. Quadrant Capital Management Llc bought 34,625 shares as the company’s stock declined 15.53% with the market. The institutional investor held 72,450 shares of the automotive aftermarket company at the end of 2018Q1, valued at $1.93 million, up from 37,825 at the end of the previous reported quarter. Quadrant Capital Management Llc who had been investing in Goodyear Tire & Rubber for a number of months, seems to be bullish on the $6.01 billion market cap company. The stock decreased 0.12% or $0.03 during the last trading session, reaching $25.07. About 2.58 million shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 21.33% since June 17, 2017 and is downtrending. It has underperformed by 33.90% the S&P500. Some Historical GT News: 15/03/2018 Atlanta Bus Chrn: Goodyear picks Atlanta for an ‘operations support’ center (Video); 25/04/2018 – GOODYEAR CONFIRMS 2020 SEGMENT OPER INCOME TARGET OF $2.0-$2.4B; 09/04/2018 – GOODYEAR TIRE & RUBBER CO – ANNOUNCED RE-ELECTION OF 12 MEMBERS OF BOARD OF DIRECTORS TO NEW ONE-YEAR TERMS; 25/04/2018 – Goodyear Tire Backs 2018 Segment Operating Income View of $1.8B-$1.9B, Excluding TireHub Transition; 16/04/2018 – Goodyear Tire: TireHub to Provide U.S. Tire Dealers With Passenger, Light Truck Tires; 25/04/2018 – Goodyear Tire 1Q Americas Tire Unit Volume Fell 3%; 16/04/2018 – GOODYEAR TIRE & RUBBER CO SAYS JV WITH BRIDGESTONE TO BE CALLED TIREHUB LLC; 24/04/2018 – General Motors Recognizes Goodyear for Performance, Quality and Innovation; 24/05/2018 – Goodyear Recognized by Subaru for Excellent Performance; 25/04/2018 – GT SEES 2018 CAPEX ~$1B, RESTRUCTURING PAYMENTS ~200M: SLIDES

Another recent and important The Goodyear Tire & Rubber Company (NASDAQ:GT) news was published by Investorplace.com which published an article titled: “3 Cheapest Stocks With Greatest Potential for Growth” on May 29, 2018.

Investors sentiment increased to 0.99 in Q1 2018. Its up 0.24, from 0.75 in 2017Q4. It improved, as 38 investors sold GT shares while 148 reduced holdings. 50 funds opened positions while 134 raised stakes. 201.95 million shares or 4.42% less from 211.29 million shares in 2017Q4 were reported. Hap Trading Ltd Llc invested in 0.18% or 137,434 shares. Quantres Asset Management Ltd invested in 0.59% or 36,700 shares. Kentucky Retirement reported 12,542 shares. Qs Invsts Lc accumulated 3,302 shares. Letko Brosseau And Assocs invested in 2.81 million shares. Whittier Tru Company reported 3,444 shares. Gamco Investors Incorporated Et Al owns 11,600 shares. Salem Cap Management invested in 142,000 shares or 2.05% of the stock. 203,089 were reported by Chevy Chase Tru Inc. Van Cleef Asset Managementinc invested in 0.11% or 16,184 shares. Robeco Institutional Asset Mgmt Bv accumulated 128,137 shares. The Japan-based Asset Mgmt One has invested 0.02% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Pillar Pacific Capital Ltd Liability Corporation stated it has 121,021 shares or 0.38% of all its holdings. Gradient Invests Ltd Com holds 0% or 316 shares in its portfolio. World Asset Mngmt holds 0.02% or 16,202 shares in its portfolio.

Among 13 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Goodyear Tire had 38 analyst reports since October 28, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Thursday, October 12. Guggenheim downgraded the stock to “Neutral” rating in Wednesday, November 1 report. As per Thursday, March 30, the company rating was downgraded by Goldman Sachs. Citigroup maintained the shares of GT in report on Tuesday, May 22 with “Neutral” rating. Standpoint Research downgraded the stock to “Hold” rating in Wednesday, March 1 report. Jefferies downgraded the stock to “Hold” rating in Friday, February 24 report. The company was initiated on Tuesday, November 22 by Berenberg. KeyBanc Capital Markets upgraded the shares of GT in report on Thursday, April 7 to “Overweight” rating. Goldman Sachs maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Tuesday, August 1. Goldman Sachs has “Hold” rating and $2900 target. The firm has “Buy” rating by Jefferies given on Monday, August 7.

Investors sentiment decreased to 1.41 in Q1 2018. Its down 0.11, from 1.52 in 2017Q4. It worsened, as 19 investors sold FFBC shares while 47 reduced holdings. 35 funds opened positions while 58 raised stakes. 53.99 million shares or 12.40% more from 48.03 million shares in 2017Q4 were reported. Bnp Paribas Arbitrage invested in 29,121 shares or 0% of the stock. Lpl Ltd reported 0% in First Financial Bancorp. (NASDAQ:FFBC). Legal And General Group Public Ltd holds 0% or 186,663 shares. Chicago Equity has 201,674 shares for 0.19% of their portfolio. Alyeska Invest Gru LP holds 39,496 shares or 0.01% of its portfolio. Walthausen And Co Limited Company has 1.16% invested in First Financial Bancorp. (NASDAQ:FFBC) for 399,744 shares. Manufacturers Life Insurance The reported 0.02% stake. Victory Cap Mgmt Inc has 1.51 million shares. Hsbc Public Ltd Liability Corporation owns 12,159 shares or 0% of their US portfolio. Natixis Advsr LP holds 0.07% or 255,429 shares in its portfolio. Pnc Serv Incorporated, a Pennsylvania-based fund reported 197,600 shares. Federated Pa holds 0.01% of its portfolio in First Financial Bancorp. (NASDAQ:FFBC) for 68,903 shares. Nordea Invest Mgmt has 0.01% invested in First Financial Bancorp. (NASDAQ:FFBC). Principal Financial Gru accumulated 757,825 shares. Wellington Mngmt Grp Limited Liability Partnership holds 0.01% or 889,235 shares.

Analysts await First Financial Bancorp. (NASDAQ:FFBC) to report earnings on July, 24. They expect $0.51 EPS, up 37.84% or $0.14 from last year’s $0.37 per share. FFBC’s profit will be $49.88 million for 15.83 P/E if the $0.51 EPS becomes a reality. After $0.52 actual EPS reported by First Financial Bancorp. for the previous quarter, Wall Street now forecasts -1.92% negative EPS growth.

Among 12 analysts covering First Financial Bancorp (NASDAQ:FFBC), 2 have Buy rating, 1 Sell and 9 Hold. Therefore 17% are positive. First Financial Bancorp had 40 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Friday, January 19. The stock has “Buy” rating by Sandler O’Neill on Friday, July 28. The firm has “Outperform” rating given on Monday, January 25 by Keefe Bruyette & Woods. Piper Jaffray initiated it with “Neutral” rating and $23 target in Thursday, October 6 report. Sandler O’Neill maintained the stock with “Buy” rating in Monday, April 2 report. FIG Partners upgraded the shares of FFBC in report on Friday, February 9 to “Buy” rating. The stock of First Financial Bancorp. (NASDAQ:FFBC) earned “Underweight” rating by Barclays Capital on Thursday, July 27. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, September 7. The stock has “Hold” rating by RBC Capital Markets on Friday, July 7. The stock has “Hold” rating by Piper Jaffray on Monday, October 23.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Institutional Positions Chart

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