Shareholder Financial & Investment Management Group LTD Lifted New York Reit (NYRT) Position; As Terex New (TEX) Shares Rose, Marcato Capital Management LP Raised Holding

February 18, 2018 - By Neil V. Hobbs

Richard Mcguire increased its stake in Terex Corp New (TEX) by 164.7% based on its latest 2017Q3 regulatory filing with the SEC. Marcato Capital Management Lp bought 1.80M shares as the company’s stock rose 2.25% with the market. The hedge fund run by Richard Mcguire held 2.89 million shares of the construction and ag equipment and trucks company at the end of 2017Q3, valued at $130.24 million, up from 1.09 million at the end of the previous reported quarter. Marcato Capital Management Lp who had been investing in Terex Corp New for a number of months, seems to be bullish on the $3.45 billion market cap company. The stock decreased 5.11% or $2.21 during the last trading session, reaching $41.03. About 2.45M shares traded or 101.29% up from the average. Terex Corporation (NYSE:TEX) has risen 32.26% since February 18, 2017 and is uptrending. It has outperformed by 15.56% the S&P500.

Financial & Investment Management Group Ltd increased its stake in New York Reit Inc (NYRT) by 69.93% based on its latest 2017Q3 regulatory filing with the SEC. Financial & Investment Management Group Ltd bought 412,736 shares as the company’s stock declined 12.85% while stock markets rallied. The institutional investor held 1.00M shares of the consumer services company at the end of 2017Q3, valued at $7.87 million, up from 590,205 at the end of the previous reported quarter. Financial & Investment Management Group Ltd who had been investing in New York Reit Inc for a number of months, seems to be bullish on the $344.29 million market cap company. The stock increased 0.99% or $0.02 during the last trading session, reaching $2.04. About 772,204 shares traded. New York REIT, Inc. (NYSE:NYRT) has declined 9.21% since February 18, 2017 and is downtrending. It has underperformed by 25.91% the S&P500.

Financial & Investment Management Group Ltd, which manages about $825.08M and $302.59M US Long portfolio, decreased its stake in Legg Mason Bw Glb Inc Opp Fd (BWG) by 302,753 shares to 230,062 shares, valued at $3.09M in 2017Q3, according to the filing. It also reduced its holding in Western Asset Clym Infl Opp (WIW) by 396,657 shares in the quarter, leaving it with 2.19 million shares, and cut its stake in Templeton Global Income Fd (GIM).

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 9 analyst reports since October 9, 2015 according to SRatingsIntel. The firm has “Mkt Outperform” rating by JMP Securities given on Friday, October 9. Compass Point initiated the stock with “Buy” rating in Thursday, June 30 report. SunTrust maintained New York REIT, Inc. (NYSE:NYRT) rating on Friday, December 1. SunTrust has “Hold” rating and $6.5 target. Evercore upgraded the shares of NYRT in report on Monday, November 16 to “Buy” rating. The firm has “Hold” rating given on Friday, November 3 by SunTrust. The stock has “Buy” rating by Compass Point on Friday, October 30. SunTrust maintained the shares of NYRT in report on Wednesday, January 31 with “Hold” rating.

Marcato Capital Management Lp, which manages about $3.47B and $877.21M US Long portfolio, decreased its stake in Sothebys (NYSE:BID) by 82,960 shares to 777,321 shares, valued at $35.84 million in 2017Q3, according to the filing. It also reduced its holding in Dxc Technology Co by 75,219 shares in the quarter, leaving it with 712,484 shares, and cut its stake in Avnet Inc (NYSE:AVT).

Since August 14, 2017, it had 4 insider buys, and 7 selling transactions for $2.66 million activity. The insider BARR KEVIN A bought $235. 15,115 Terex Corporation (NYSE:TEX) shares with value of $653,421 were sold by Hegarty Kieran. COHEN ERIC I also sold $505,038 worth of Terex Corporation (NYSE:TEX) shares. HENRY BRIAN J had bought 49 shares worth $2,298 on Friday, January 5. $494,000 worth of stock was sold by FEARON MATTHEW on Friday, August 18. SHEEHAN JOHN D bought $12,482 worth of stock.

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