Metlife (MET) Holder Arga Investment Management LP Upped Its Holding by $972,825 as Stock Declined; As Boston Beer (SAM) Market Valuation Declined, Shareholder Profit Investment Management Lifted Holding

January 19, 2018 - By Nellie Frank

Arga Investment Management Lp increased its stake in Metlife Inc (MET) by 31.02% based on its latest 2017Q3 regulatory filing with the SEC. Arga Investment Management Lp bought 19,075 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 80,575 shares of the finance company at the end of 2017Q3, valued at $4.19M, up from 61,500 at the end of the previous reported quarter. Arga Investment Management Lp who had been investing in Metlife Inc for a number of months, seems to be bullish on the $55.72 billion market cap company. The stock increased 0.76% or $0.4 during the last trading session, reaching $52.95. About 5.43M shares traded or 22.54% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since January 19, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Profit Investment Management Llc increased its stake in Boston Beer Inc (SAM) by 27.02% based on its latest 2017Q3 regulatory filing with the SEC. Profit Investment Management Llc bought 2,932 shares as the company’s stock declined 15.67% while stock markets rallied. The institutional investor held 13,785 shares of the consumer non-durables company at the end of 2017Q3, valued at $2.15M, up from 10,853 at the end of the previous reported quarter. Profit Investment Management Llc who had been investing in Boston Beer Inc for a number of months, seems to be bullish on the $2.20B market cap company. The stock decreased 1.18% or $2.25 during the last trading session, reaching $188.85. About 114,942 shares traded. The Boston Beer Company, Inc. (NYSE:SAM) has declined 3.11% since January 19, 2017 and is downtrending. It has underperformed by 19.81% the S&P500.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.04, from 1.19 in 2017Q2. It dropped, as 19 investors sold SAM shares while 69 reduced holdings. 43 funds opened positions while 58 raised stakes. 8.75 million shares or 3.77% more from 8.43 million shares in 2017Q2 were reported. First Tru Advsrs Limited Partnership reported 0% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Jane Street Group Limited Liability owns 1,325 shares. Smith Graham & Invest Advisors Lp holds 0.89% or 54,108 shares in its portfolio. Convergence Ptnrs Limited Liability Company owns 9,901 shares. Price T Rowe Associates Md accumulated 987,824 shares or 0.03% of the stock. Advisory Services Network Lc invested in 0% or 61 shares. Paloma Partners Management holds 0.01% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM) for 4,800 shares. New Amsterdam Partners stated it has 29,911 shares or 0.98% of all its holdings. Federated Invsts Pa has invested 0% in The Boston Beer Company, Inc. (NYSE:SAM). Blackrock Incorporated holds 0.01% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM) for 971,780 shares. Legal & General Public Limited Com reported 7,847 shares or 0% of all its holdings. Jennison Associate Ltd Liability Com has invested 0% in The Boston Beer Company, Inc. (NYSE:SAM). Jefferies Grp holds 0% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM) for 1,657 shares. Ameriprise accumulated 88,856 shares or 0.01% of the stock. Moreover, Ahl Prns Llp has 0.02% invested in The Boston Beer Company, Inc. (NYSE:SAM) for 7,936 shares.

Among 15 analysts covering Boston Beer Co (NYSE:SAM), 1 have Buy rating, 4 Sell and 10 Hold. Therefore 7% are positive. Boston Beer Co had 54 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, April 25 by Citigroup. On Friday, April 28 the stock rating was upgraded by Susquehanna to “Positive”. The firm has “Sell” rating by Goldman Sachs given on Monday, July 24. The stock has “Sell” rating by Berenberg on Friday, October 14. Jefferies downgraded The Boston Beer Company, Inc. (NYSE:SAM) on Friday, January 8 to “Hold” rating. Cowen & Co maintained the shares of SAM in report on Monday, June 12 with “Sell” rating. Jefferies maintained The Boston Beer Company, Inc. (NYSE:SAM) on Thursday, July 27 with “Hold” rating. Berenberg initiated The Boston Beer Company, Inc. (NYSE:SAM) on Wednesday, January 13 with “Sell” rating. RBC Capital Markets maintained The Boston Beer Company, Inc. (NYSE:SAM) rating on Friday, August 4. RBC Capital Markets has “Hold” rating and $15800 target. The firm earned “Neutral” rating on Wednesday, April 27 by Tigress Financial.

Since October 31, 2017, it had 0 insider purchases, and 14 selling transactions for $18.02 million activity. On Wednesday, December 13 the insider Grinnell David L. sold $186,750. Another trade for 93 shares valued at $17,569 was made by Fisher Cheryl on Tuesday, January 2. POTTER JONATHAN N. had sold 439 shares worth $75,464. $1.53M worth of The Boston Beer Company, Inc. (NYSE:SAM) shares were sold by Geist John C. Another trade for 5,000 shares valued at $950,050 was made by Burwick David A on Tuesday, January 2. The insider HEATH TARA L. sold $12,090.

Profit Investment Management Llc, which manages about $2.21B and $114.85 million US Long portfolio, decreased its stake in Take (NASDAQ:TTWO) by 12,033 shares to 25,587 shares, valued at $2.62M in 2017Q3, according to the filing.

Arga Investment Management Lp, which manages about $2.25B and $843.57 million US Long portfolio, decreased its stake in Cigna Corp (NYSE:CI) by 7,751 shares to 19,049 shares, valued at $3.56M in 2017Q3, according to the filing. It also reduced its holding in Las Vegas Sands Corp (NYSE:LVS) by 26,900 shares in the quarter, leaving it with 18,400 shares, and cut its stake in Procter & Gamble Co/The (NYSE:PG).

Among 16 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. MetLife had 46 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Friday, August 11. Raymond James upgraded the stock to “Strong Buy” rating in Friday, January 22 report. FBR Capital downgraded the shares of MET in report on Tuesday, October 10 to “Neutral” rating. The stock has “Buy” rating by Wells Fargo on Wednesday, April 19. On Wednesday, August 9 the stock rating was maintained by Argus Research with “Buy”. RBC Capital Markets maintained MetLife, Inc. (NYSE:MET) on Monday, July 10 with “Buy” rating. The company was maintained on Monday, October 9 by RBC Capital Markets. Keefe Bruyette & Woods maintained the shares of MET in report on Thursday, December 21 with “Buy” rating. As per Thursday, October 5, the company rating was maintained by Morgan Stanley. The firm has “Outperform” rating given on Thursday, May 25 by FBR Capital.

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