Hermes Investment Management LTD Has Raised Its Ingredion (INGR) Stake by $810,480 as Market Value Declined; Clear Harbor Asset Management Trimmed Commscope Hldg Co (COMM) Position by $479,820

February 13, 2018 - By Vivian Park

Hermes Investment Management Ltd increased its stake in Ingredion Inc (INGR) by 4.63% based on its latest 2017Q3 regulatory filing with the SEC. Hermes Investment Management Ltd bought 6,754 shares as the company’s stock declined 4.33% while stock markets rallied. The institutional investor held 152,648 shares of the packaged foods company at the end of 2017Q3, valued at $18.42M, up from 145,894 at the end of the previous reported quarter. Hermes Investment Management Ltd who had been investing in Ingredion Inc for a number of months, seems to be bullish on the $9.20B market cap company. The stock decreased 1.17% or $1.52 during the last trading session, reaching $127.95. About 57,838 shares traded. Ingredion Incorporated (NYSE:INGR) has declined 2.30% since February 13, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Clear Harbor Asset Management Llc decreased its stake in Commscope Hldg Co Inc (COMM) by 15.01% based on its latest 2017Q3 regulatory filing with the SEC. Clear Harbor Asset Management Llc sold 14,540 shares as the company’s stock declined 6.21% while stock markets rallied. The institutional investor held 82,351 shares of the technology company at the end of 2017Q3, valued at $2.74 million, down from 96,891 at the end of the previous reported quarter. Clear Harbor Asset Management Llc who had been investing in Commscope Hldg Co Inc for a number of months, seems to be less bullish one the $7.11 billion market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $37.29. About 114,458 shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has risen 25.42% since February 13, 2017 and is uptrending. It has outperformed by 8.72% the S&P500.

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.52, from 1.24 in 2017Q2. It dropped, as 61 investors sold COMM shares while 90 reduced holdings. 30 funds opened positions while 78 raised stakes. 191.80 million shares or 0.45% less from 192.66 million shares in 2017Q2 were reported. Stifel Financial Corp has 25,814 shares. Victory Cap Mngmt has 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 34,577 shares. Moreover, British Columbia has 0.07% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 269,173 shares. Advsrs Asset Management Inc invested in 20,072 shares. California State Teachers Retirement System stated it has 0.02% in CommScope Holding Company, Inc. (NASDAQ:COMM). Boston Prtnrs holds 0.02% or 581,170 shares. Penn Cap Mngmt Inc, a Pennsylvania-based fund reported 63,150 shares. Citigroup has invested 0% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Scotia Incorporated reported 39,159 shares. Wells Fargo Co Mn stated it has 0.01% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Kbc Group Inc Incorporated Nv holds 0% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM) for 14,177 shares. Makaira Prtn Limited Liability Co holds 9.95% or 2.31 million shares in its portfolio. Numeric Investors Lc invested in 33,500 shares or 0.01% of the stock. Eagle Asset Inc has invested 0.08% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Regis Ltd Liability Company holds 9,594 shares.

Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on February, 22. They expect $0.43 earnings per share, down 27.12% or $0.16 from last year’s $0.59 per share. COMM’s profit will be $82.03 million for 21.68 P/E if the $0.43 EPS becomes a reality. After $0.52 actual earnings per share reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts -17.31% negative EPS growth.

Clear Harbor Asset Management Llc, which manages about $493.82M and $504.15 million US Long portfolio, upped its stake in Hi (NYSE:HCLP) by 326,414 shares to 796,137 shares, valued at $7.56 million in 2017Q3, according to the filing. It also increased its holding in Goodyear Tire & Rubr Co (NASDAQ:GT) by 21,115 shares in the quarter, for a total of 126,923 shares, and has risen its stake in Voya Finl Inc (NYSE:VOYA).

Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. CommScope Holding had 32 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Buy” rating by BTIG Research on Friday, June 17. Barclays Capital downgraded the shares of COMM in report on Friday, August 4 to “Hold” rating. The rating was initiated by Citigroup with “Buy” on Tuesday, December 20. As per Tuesday, January 17, the company rating was downgraded by Raymond James. Northland Capital initiated the stock with “Market Perform” rating in Wednesday, September 30 report. Barclays Capital maintained it with “Overweight” rating and $30 target in Tuesday, November 10 report. Citigroup maintained CommScope Holding Company, Inc. (NASDAQ:COMM) on Thursday, November 2 with “Buy” rating. Longbow upgraded the stock to “Buy” rating in Friday, January 26 report. On Monday, February 22 the stock rating was upgraded by Cross Research to “Buy”. The rating was maintained by Jefferies on Tuesday, October 10 with “Buy”.

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 rating was maintained by BMO Capital Markets with “Hold” on Thursday, April 13. Jefferies maintained it with “Buy” rating and $14500 target in Thursday, June 29 report. Jefferies maintained the shares of INGR in report on Friday, May 26 with “Buy” rating. The stock has “Overweight” rating by Stephens on Friday, January 29. The firm earned “Buy” rating on Monday, September 14 by Citigroup. On Thursday, September 8 the stock rating was initiated by Societe Generale with “Hold”. The stock of Ingredion Incorporated (NYSE:INGR) earned “Buy” rating by Jefferies on Friday, October 27. The stock of Ingredion Incorporated (NYSE:INGR) earned “Market Perform” rating by BMO Capital Markets on Friday, October 30. The stock of Ingredion Incorporated (NYSE:INGR) earned “Buy” rating by Jefferies on Monday, September 25. The firm has “Hold” rating given on Monday, June 26 by BMO Capital Markets.

Hermes Investment Management Ltd, which manages about $20.91 billion and $6.67 billion US Long portfolio, decreased its stake in Gildan Activewear Inc (NYSE:GIL) by 51,571 shares to 877,838 shares, valued at $27.46 million in 2017Q3, according to the filing. It also reduced its holding in Fortune Brands Home & Sec In (NYSE:FBHS) by 23,466 shares in the quarter, leaving it with 358,964 shares, and cut its stake in Broadridge Finl Solutions In (NYSE:BR).

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It increased, 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. Utah Retirement Systems invested in 13,102 shares or 0.04% of the stock. Rhumbline Advisers invested in 154,088 shares or 0.04% of the stock. Cornerstone Cap Mgmt Llc invested 0.03% in Ingredion Incorporated (NYSE:INGR). Regentatlantic Ltd Liability Corp has invested 0.04% of its portfolio in Ingredion Incorporated (NYSE:INGR). Ohio-based Fifth Third Commercial Bank has invested 0.06% in Ingredion Incorporated (NYSE:INGR). Mirae Asset Global Invests stated it has 2,068 shares. United Kingdom-based Pictet Asset Management Limited has invested 0.01% in Ingredion Incorporated (NYSE:INGR). Public Sector Pension Inv Board holds 0.03% of its portfolio in Ingredion Incorporated (NYSE:INGR) for 50,100 shares. Oregon-based Oregon Pub Employees Retirement Fund has invested 0.07% in Ingredion Incorporated (NYSE:INGR). California-based Assetmark has invested 0% in Ingredion Incorporated (NYSE:INGR). Gemmer Asset Management Ltd has 0.01% invested in Ingredion Incorporated (NYSE:INGR). Cibc World Inc invested in 13,436 shares or 0.01% of the stock. Monroe Commercial Bank Tru Mi has invested 0% in Ingredion Incorporated (NYSE:INGR). State Of New Jersey Common Pension Fund D invested in 0.1% or 200,000 shares. Huntington National Bank holds 0% or 2,134 shares in its portfolio.

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