As Kinross Gold (KGC) Stock Value Declined, Shareholder Tocqueville Asset Management LP Upped Its Position; Hudson Bay Capital Management LP Cut Stake in Progressive Ohio Stk (PGR) as Share Price Rose

April 22, 2018 - By Ellis Scott

Kinross Gold Corporation (NYSE:KGC) Logo

Tocqueville Asset Management Lp increased its stake in Kinross Gold Corporation (KGC) by 188.67% based on its latest 2017Q4 regulatory filing with the SEC. Tocqueville Asset Management Lp bought 5.37M shares as the company’s stock declined 6.82% with the market. The institutional investor held 8.21 million shares of the precious metals company at the end of 2017Q4, valued at $35.46 million, up from 2.84 million at the end of the previous reported quarter. Tocqueville Asset Management Lp who had been investing in Kinross Gold Corporation for a number of months, seems to be bullish on the $4.67B market cap company. The stock increased 0.26% or $0.01 during the last trading session, reaching $3.87. About 5.62 million shares traded. Kinross Gold Corporation (NYSE:KGC) has risen 13.79% since April 22, 2017 and is uptrending. It has outperformed by 2.24% the S&P500.

Sander Gerber decreased its stake in Progressive Ohio Stk (PGR) by 51.75% based on its latest 2017Q4 regulatory filing with the SEC. Hudson Bay Capital Management Lp sold 113,339 shares as the company’s stock rose 7.49% while stock markets declined. The hedge fund run by Sander Gerber held 105,671 shares of the property-casualty insurers company at the end of 2017Q4, valued at $5.95 million, down from 219,010 at the end of the previous reported quarter. Hudson Bay Capital Management Lp who had been investing in Progressive Ohio Stk for a number of months, seems to be less bullish one the $35.56 billion market cap company. The stock decreased 0.13% or $0.08 during the last trading session, reaching $61.05. About 2.89 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since April 22, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Hudson Bay Capital Management Lp, which manages about $4.18B and $4.65 billion US Long portfolio, upped its stake in Quotient Ltd (NASDAQ:QTNT) by 435,000 shares to 480,000 shares, valued at $2.38 million in 2017Q4, according to the filing. It also increased its holding in Ncr Corp New (Call) by 241,100 shares in the quarter, for a total of 696,100 shares, and has risen its stake in Lazard Ltd (NYSE:LAZ).

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.10, from 1.07 in 2017Q3. It improved, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. Lpl Fincl Limited Liability Corporation invested in 59,847 shares or 0.01% of the stock. Ubs Asset Americas invested in 2.24 million shares or 0.11% of the stock. The Massachusetts-based Ironwood Inv Mgmt Lc has invested 0.46% in The Progressive Corporation (NYSE:PGR). Dimensional Fund Advsr Ltd Partnership reported 2.22 million shares. Commerce Bank & Trust invested 0.01% in The Progressive Corporation (NYSE:PGR). Glg Ltd Partnership reported 11,010 shares. Moreover, London Co Of Virginia has 1.35% invested in The Progressive Corporation (NYSE:PGR). Winfield Assoc Incorporated has 0.16% invested in The Progressive Corporation (NYSE:PGR). Utah Retirement System has invested 0.13% of its portfolio in The Progressive Corporation (NYSE:PGR). Bancorporation Of Nova Scotia holds 0.08% of its portfolio in The Progressive Corporation (NYSE:PGR) for 329,643 shares. Cubist Systematic Strategies Ltd Liability Co invested 0.08% in The Progressive Corporation (NYSE:PGR). Alyeska Grp Inc Limited Partnership holds 0.73% of its portfolio in The Progressive Corporation (NYSE:PGR) for 1.52 million shares. 330,272 were accumulated by Pictet Asset Management Ltd. Sterling Ltd stated it has 161,513 shares or 0.08% of all its holdings. Moreover, Returns Limited Liability has 2.62% invested in The Progressive Corporation (NYSE:PGR) for 150,000 shares.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 65 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 13 by Citigroup. The stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, March 14. The stock has “Buy” rating by Sandler O’Neill on Tuesday, April 17. The firm has “Neutral” rating by Citigroup given on Wednesday, October 18. As per Wednesday, February 14, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, April 18. As per Thursday, December 17, the company rating was upgraded by Sandler O’Neill. The rating was downgraded by Citigroup to “Sell” on Thursday, June 2. The stock of The Progressive Corporation (NYSE:PGR) earned “Hold” rating by FBR Capital on Tuesday, July 18. The firm has “Hold” rating given on Tuesday, July 11 by FBR Capital.

Among 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Kinross Gold Corporation had 64 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Monday, April 9. Credit Suisse maintained Kinross Gold Corporation (NYSE:KGC) on Thursday, March 31 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, May 23 by Bank of America. On Monday, September 25 the stock rating was maintained by RBC Capital Markets with “Buy”. On Tuesday, February 9 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm has “Hold” rating by Credit Suisse given on Friday, April 28. The rating was maintained by Jefferies on Tuesday, June 20 with “Hold”. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, March 15 report. The firm has “Action List Buy” rating given on Thursday, May 11 by TD Securities. The rating was downgraded by Raymond James on Wednesday, November 18 to “Mkt Perform”.

Tocqueville Asset Management Lp, which manages about $12.62B and $8.81 billion US Long portfolio, decreased its stake in Rush Enterprises Inc Cl A (NASDAQ:RUSHA) by 29,953 shares to 131,505 shares, valued at $6.68M in 2017Q4, according to the filing. It also reduced its holding in Nextera Energy Inc. (NYSE:NEE) by 8,835 shares in the quarter, leaving it with 490,742 shares, and cut its stake in Pan Amern Silver Corp (NASDAQ:PAAS).

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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