Bitauto Hldgs LTD (BITA) Shareholder Cantillon Capital Management Cut Its Holding; Mgp (MGPI) Holder Raymond James Trust Has Decreased Its Stake

June 17, 2018 - By Dolores Ford

William Von Mueffling decreased its stake in Bitauto Hldgs Ltd (BITA) by 16.16% based on its latest 2018Q1 regulatory filing with the SEC. Cantillon Capital Management Llc sold 684,149 shares as the company’s stock declined 30.27% with the market. The hedge fund run by William Von Mueffling held 3.55 million shares of the edp services company at the end of 2018Q1, valued at $75.08M, down from 4.23M at the end of the previous reported quarter. Cantillon Capital Management Llc who had been investing in Bitauto Hldgs Ltd for a number of months, seems to be less bullish one the $1.76 billion market cap company. The stock increased 1.65% or $0.4 during the last trading session, reaching $24.66. About 2.31M shares traded or 56.56% up from the average. Bitauto Holdings Limited (NYSE:BITA) has declined 23.40% since June 17, 2017 and is downtrending. It has underperformed by 35.97% the S&P500. Some Historical BITA News: 19/03/2018 – BITAUTO HOLDINGS LTD BITA.N : CREDIT SUISSE INITIATES WITH OUTPERFORM, $38 TARGET PRICE; 19/03/2018 – BITAUTO HOLDINGS LTD – COMPANY EXPECTS TO FUND REPURCHASE OUT OF ITS EXISTING CASH BALANCE; 30/04/2018 – Bitauto Files Annual Report on Form 20-F; 15/03/2018 – BITAUTO HOLDINGS LTD – QTRLY NET LOSS PER ADS RMB10.05 ($1.54); 15/03/2018 – Bitauto Holdings 4Q Rev $413.5M; 15/03/2018 – Bitauto Holdings 4Q EPS 72c; 15/03/2018 – BITAUTO 4Q ADJ EARNINGS PER ADS 11C; 15/03/2018 BITAUTO 4Q REV. $413.5M, EST. $384.0M; 19/03/2018 – BITAUTO BOARD OKS $150M SHARE BUYBACK PROGRAM; 15/03/2018 – BITAUTO HOLDINGS LTD – QTRLY NON-GAAP NET INCOME PER ADS RMB0.72 ($0.11)

Raymond James Trust decreased its stake in Mgp (MGPI) by 46.81% based on its latest 2018Q1 regulatory filing with the SEC. Raymond James Trust sold 9,027 shares as the company’s stock rose 2.23% while stock markets declined. The institutional investor held 10,257 shares of the consumer non-durables company at the end of 2018Q1, valued at $919,000, down from 19,284 at the end of the previous reported quarter. Raymond James Trust who had been investing in Mgp for a number of months, seems to be less bullish one the $1.60 billion market cap company. The stock increased 0.51% or $0.48 during the last trading session, reaching $95.02. About 112,763 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 69.95% since June 17, 2017 and is uptrending. It has outperformed by 57.38% the S&P500. Some Historical MGPI News: 07/05/2018 – MGP Ingredients at Non-Deal Roadshow Hosted By SunTrust Today; 02/05/2018 – MGP Ingredients 1Q Net $8.93M; 02/05/2018 – MGP Ingredients Sees 2018 Net Sales Growth in the High Single-Digit Percentage Range Versus 2017; 23/04/2018 – MGP Ingredients Eliminates All Single Use Plastics at Co Facilities; 21/04/2018 – DJ MGP Ingredients Inc, Inst Holders, 1Q 2018 (MGPI); 16/05/2018 – MGP to Webcast Annual Meeting on May 23; 29/05/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within Assembly Biosciences, MGP Ingredients, Globant S.A, 8point3; 23/04/2018 – MGP Takes Another Significant Step in Sustainability Efforts; Eliminates All Single Use Plastics at Co Facilities; 22/03/2018 – MGP Ingredients Closes Above 50-Day Moving Average: Technicals; 17/04/2018 – TILL® American Wheat Vodka and George Remus® Bourbon Launch in Colorado with Breakthru Beverage

Raymond James Trust, which manages about $1.45 billion US Long portfolio, upped its stake in Southern Co (NYSE:SO) by 8,518 shares to 101,166 shares, valued at $4.52 million in 2018Q1, according to the filing. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 10,302 shares in the quarter, for a total of 323,345 shares, and has risen its stake in Mckesson Corp (NYSE:MCK).

Investors sentiment increased to 1.5 in Q1 2018. Its up 0.85, from 0.65 in 2017Q4. It increased, as 11 investors sold MGPI shares while 39 reduced holdings. 37 funds opened positions while 38 raised stakes. 16.44 million shares or 4.95% more from 15.66 million shares in 2017Q4 were reported. Vanguard Group Inc Inc invested in 768,094 shares or 0% of the stock. Schwab Charles Inv Mngmt Inc invested 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Rhumbline Advisers accumulated 29,791 shares. Pembroke has 1.58% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Fifth Third National Bank & Trust owns 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 55 shares. Pnc Services Gru owns 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 115 shares. Moreover, Swiss Bankshares has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 20,400 shares. Jpmorgan Chase And has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 18,616 shares. The Wisconsin-based Mason Street Ltd Llc has invested 0.01% in MGP Ingredients, Inc. (NASDAQ:MGPI). Diker Mngmt Limited Com holds 65,000 shares. Earnest Ptnrs Ltd Liability Com stated it has 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Financial Bank Of New York Mellon holds 0.01% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI) for 258,383 shares. California Employees Retirement Sys owns 38,605 shares or 0% of their US portfolio. Goldman Sachs Group Inc stated it has 316,930 shares or 0.01% of all its holdings. Bluemountain Mgmt accumulated 28 shares or 0% of the stock.

More notable recent MGP Ingredients, Inc. (NASDAQ:MGPI) news were published by: Fool.com which released: “This Whiskey Stock Has Gained 423% in 3 Years. Is It a Buy?” on May 21, 2018, also Globenewswire.com with their article: “Factors of Influence in 2018, Key Indicators and Opportunity within Assembly Biosciences, MGP Ingredients, Globant …” published on May 29, 2018, Benzinga.com published: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” on May 23, 2018. More interesting news about MGP Ingredients, Inc. (NASDAQ:MGPI) were released by: Globenewswire.com and their article: “MGP Ingredients to Webcast Analyst Day on June 7” published on May 31, 2018 as well as Benzinga.com‘s news article titled: “The Week Ahead: Apple’s Developer Conference In The Spotlight, ASCO Meeting Could Move Biotechs” with publication date: June 04, 2018.

Among 4 analysts covering MGP Ingredients (NASDAQ:MGPI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. MGP Ingredients had 7 analyst reports since May 25, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, February 1 by Sidoti. The rating was maintained by Stifel Nicolaus on Tuesday, March 6 with “Hold”. SunTrust maintained the stock with “Buy” rating in Thursday, March 1 report. As per Monday, January 29, the company rating was maintained by Craig Hallum. Sidoti upgraded MGP Ingredients, Inc. (NASDAQ:MGPI) rating on Wednesday, January 31. Sidoti has “Buy” rating and $111.0 target. Craig Hallum initiated the shares of MGPI in report on Wednesday, May 25 with “Buy” rating.

Since March 5, 2018, it had 1 buying transaction, and 15 selling transactions for $13.66 million activity. The insider RINDOM DAVID E sold $1.04 million. Another trade for 5,000 shares valued at $453,150 was made by DYKSTRA DAVID E on Thursday, June 7. $597,158 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) shares were sold by Seaberg Karen. Buttshaw Michael Rodger had sold 400 shares worth $35,060. Glaser Stephen J had sold 1,200 shares worth $97,876. The insider Griffin Augustus C. bought 1,000 shares worth $76,330.

Analysts await MGP Ingredients, Inc. (NASDAQ:MGPI) to report earnings on August, 2. They expect $0.52 EPS, up 40.54% or $0.15 from last year’s $0.37 per share. MGPI’s profit will be $8.76 million for 45.68 P/E if the $0.52 EPS becomes a reality. After $0.52 actual EPS reported by MGP Ingredients, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 9 analysts covering Bitauto Holdings (NYSE:BITA), 6 have Buy rating, 2 Sell and 1 Hold. Therefore 67% are positive. Bitauto Holdings had 18 analyst reports since October 29, 2015 according to SRatingsIntel. JP Morgan initiated the stock with “Neutral” rating in Tuesday, February 23 report. The stock of Bitauto Holdings Limited (NYSE:BITA) has “Overweight” rating given on Monday, March 19 by JP Morgan. The firm has “Buy” rating given on Friday, September 1 by CLSA. The stock has “Underperform” rating by Credit Agricole on Tuesday, November 10. The stock has “Buy” rating by Credit Agricole on Monday, February 22. The rating was downgraded by CLSA on Tuesday, November 10 to “Underperform”. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 9. The firm has “Outperform” rating given on Wednesday, May 24 by CLSA. The stock has “Buy” rating by HSBC on Wednesday, January 27. The company was upgraded on Monday, February 22 by CLSA.

More recent Bitauto Holdings Limited (NYSE:BITA) news were published by: Seekingalpha.com which released: “Bitauto +11% after easy beat in Q1 earnings” on June 13, 2018. Also Streetinsider.com published the news titled: “Pre-Open Movers 06/13: (ENPH) (CANF) (BITA) Higher; (FLKS) (VTVT) (HRB) Lower (more…)” on June 13, 2018. Seekingalpha.com‘s news article titled: “Autohome Vs. Bitauto, Who’s Your Pick Of China’s Online Auto Platform” with publication date: June 13, 2018 was also an interesting one.

MGP Ingredients, Inc. (NASDAQ:MGPI) Institutional Positions Chart

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