Prudential Plc Trimmed Ingredion (INGR) Holding by $1.50 Million as Valuation Declined; As New Residential Invt (NRZ) Share Price Declined, Shareholder Kingstown Capital Management LP Has Trimmed Its Position by $12.00 Million

February 15, 2018 - By Vivian Currie

Prudential Plc decreased its stake in Ingredion Inc (INGR) by 3.63% based on its latest 2017Q3 regulatory filing with the SEC. Prudential Plc sold 12,500 shares as the company’s stock declined 4.33% while stock markets rallied. The hedge fund held 332,206 shares of the packaged foods company at the end of 2017Q3, valued at $40.08 million, down from 344,706 at the end of the previous reported quarter. Prudential Plc who had been investing in Ingredion Inc for a number of months, seems to be less bullish one the $9.33 billion market cap company. The stock decreased 0.13% or $0.18 during the last trading session, reaching $129.82. About 171,647 shares traded. Ingredion Incorporated (NYSE:INGR) has declined 2.30% since February 15, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Michael Blitzer decreased its stake in New Residential Invt Corp (NRZ) by 25% based on its latest 2017Q3 regulatory filing with the SEC. Kingstown Capital Management Lp sold 750,000 shares as the company’s stock declined 0.74% while stock markets rallied. The hedge fund run by Michael Blitzer held 2.25 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $37.64 million, down from 3.00 million at the end of the previous reported quarter. Kingstown Capital Management Lp who had been investing in New Residential Invt Corp for a number of months, seems to be less bullish one the $5.68B market cap company. The stock increased 0.39% or $0.065 during the last trading session, reaching $16.895. About 1.15M shares traded. New Residential Investment Corp. (NYSE:NRZ) has risen 22.04% since February 15, 2017 and is uptrending. It has outperformed by 5.34% the S&P500.

Kingstown Capital Management Lp, which manages about $1.19 billion and $843.25M US Long portfolio, upped its stake in Cars Com Inc by 1.75 million shares to 2.25M shares, valued at $59.87M in 2017Q3, according to the filing.

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.28, from 1.12 in 2017Q2. It is positive, as 31 investors sold NRZ shares while 67 reduced holdings. 37 funds opened positions while 100 raised stakes. 143.66 million shares or 1.96% more from 140.89 million shares in 2017Q2 were reported. Sageworth Tru Communication owns 1,000 shares. Omers Administration Corporation, Ontario – Canada-based fund reported 31,300 shares. Exane Derivatives has 0% invested in New Residential Investment Corp. (NYSE:NRZ). Aperio Group Inc Limited Liability Corporation accumulated 140,973 shares. Wealthtrust owns 1,908 shares or 0.02% of their US portfolio. Kames Capital Plc accumulated 0.15% or 328,901 shares. Northern Trust holds 0.01% or 2.43M shares. 1.05 million were reported by Principal Fincl Group. Hap Trading Limited Liability Corp reported 27,241 shares stake. Stifel Fincl holds 235,290 shares or 0.01% of its portfolio. Parametric Port Assocs accumulated 467,587 shares. Sandy Spring Bankshares owns 0% invested in New Residential Investment Corp. (NYSE:NRZ) for 500 shares. Amer Assets Cap Advisers reported 7.17% of its portfolio in New Residential Investment Corp. (NYSE:NRZ). Silver Management Limited Liability Corporation invested in 2.27% or 33,705 shares. Fortress Invest Group Lc holds 0.19% or 518,545 shares.

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on February, 20. They expect $0.51 EPS, down 17.74% or $0.11 from last year’s $0.62 per share. NRZ’s profit will be $171.43M for 8.28 P/E if the $0.51 EPS becomes a reality. After $0.64 actual EPS reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -20.31% negative EPS growth.

Among 8 analysts covering New Residential Investment Corp (NYSE:NRZ), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. New Residential Investment Corp had 24 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of New Residential Investment Corp. (NYSE:NRZ) has “Buy” rating given on Tuesday, September 12 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Sunday, August 27 by Piper Jaffray. The firm has “Buy” rating by FBR Capital given on Wednesday, November 29. The company was maintained on Tuesday, February 13 by FBR Capital. Wedbush initiated the shares of NRZ in report on Thursday, October 6 with “Outperform” rating. The rating was reinitiated by Piper Jaffray with “Overweight” on Friday, September 9. The stock has “Overweight” rating by Piper Jaffray on Monday, October 19. The firm earned “Overweight” rating on Tuesday, October 24 by Barclays Capital. The firm earned “Overweight” rating on Wednesday, August 10 by Barclays Capital. The firm earned “Buy” rating on Monday, July 10 by FBR Capital.

Among 7 analysts covering Ingredion Inc (NYSE:INGR), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ingredion Inc had 22 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Monday, June 26. The rating was upgraded by Stephens to “Overweight” on Wednesday, November 15. The rating was maintained by Credit Suisse with “Buy” on Thursday, November 2. The rating was upgraded by Stephens on Friday, January 29 to “Overweight”. The rating was maintained by BMO Capital Markets on Wednesday, September 27 with “Hold”. Jefferies maintained Ingredion Incorporated (NYSE:INGR) rating on Thursday, June 29. Jefferies has “Buy” rating and $14500 target. The firm has “Buy” rating by Credit Suisse given on Wednesday, January 10. The stock has “Hold” rating by Societe Generale on Thursday, September 8. The firm has “Buy” rating given on Wednesday, June 14 by Jefferies. Citigroup maintained it with “Buy” rating and $140 target in Wednesday, June 15 report.

Prudential Plc, which manages about $98.23 billion and $31.69B US Long portfolio, upped its stake in Edison Intl (NYSE:EIX) by 131,700 shares to 1.95 million shares, valued at $150.37 million in 2017Q3, according to the filing. It also increased its holding in Westrock Co by 7,731 shares in the quarter, for a total of 166,505 shares, and has risen its stake in Mondelez Intl Inc (NASDAQ:MDLZ).

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It is positive, as 39 investors sold INGR shares while 134 reduced holdings. 50 funds opened positions while 131 raised stakes. 59.50 million shares or 0.23% more from 59.36 million shares in 2017Q2 were reported. Employees Retirement Association Of Colorado invested 0.01% of its portfolio in Ingredion Incorporated (NYSE:INGR). Advsrs Preferred Limited Liability Company invested in 0.25% or 3,540 shares. Proshare Advisors Limited Co reported 0.01% in Ingredion Incorporated (NYSE:INGR). Welch & Forbes holds 0.01% or 3,375 shares in its portfolio. Ent Services invested in 73 shares. The Ohio-based North Point Managers Corporation Oh has invested 2.75% in Ingredion Incorporated (NYSE:INGR). Ubs Asset Americas Incorporated holds 0.1% or 913,720 shares. Advisors Asset Mgmt Inc has 11,738 shares for 0.02% of their portfolio. Canada Pension Plan Invest Board stated it has 0.06% in Ingredion Incorporated (NYSE:INGR). Td Asset Management invested in 0.03% or 162,011 shares. Cap One Natl Association accumulated 3,460 shares. Linscomb & Williams holds 2,189 shares or 0.02% of its portfolio. Metropolitan Life invested in 67,428 shares or 0.05% of the stock. Pax Management Limited Liability Com holds 3,259 shares or 0.02% of its portfolio. Balyasny Asset Management Limited stated it has 0% in Ingredion Incorporated (NYSE:INGR).

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