Roffman Miller Associates Has Lifted Rpm International Delaware (RPM) Holding by $636,429; Sothebys (BID) Holder Discovery Capital Management Has Raised Holding

February 11, 2018 - By Louis Casey

Rob Citrone increased its stake in Sothebys (BID) by 86.09% based on its latest 2017Q3 regulatory filing with the SEC. Discovery Capital Management Llc bought 470,919 shares as the company’s stock rose 22.01% with the market. The hedge fund run by Rob Citrone held 1.02 million shares of the business services company at the end of 2017Q3, valued at $46.94M, up from 546,990 at the end of the previous reported quarter. Discovery Capital Management Llc who had been investing in Sothebys for a number of months, seems to be bullish on the $2.44 billion market cap company. The stock decreased 0.04% or $0.02 during the last trading session, reaching $46.47. About 426,437 shares traded or 26.44% up from the average. Sotheby's (NYSE:BID) has risen 78.16% since February 11, 2017 and is uptrending. It has outperformed by 61.46% the S&P500.

Roffman Miller Associates Inc increased its stake in Rpm International Inc Delaware (RPM) by 3.07% based on its latest 2017Q3 regulatory filing with the SEC. Roffman Miller Associates Inc bought 12,479 shares as the company’s stock rose 0.21% with the market. The institutional investor held 419,212 shares of the paints and coatings company at the end of 2017Q3, valued at $21.52M, up from 406,733 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in Rpm International Inc Delaware for a number of months, seems to be bullish on the $6.44B market cap company. The stock increased 0.35% or $0.17 during the last trading session, reaching $48.15. About 957,814 shares traded or 6.01% up from the average. RPM International Inc. (NYSE:RPM) has risen 9.09% since February 11, 2017 and is uptrending. It has underperformed by 7.61% the S&P500.

Discovery Capital Management Llc, which manages about $37.50B and $4.19 billion US Long portfolio, decreased its stake in Yandex N V (NASDAQ:YNDX) by 611,004 shares to 3.15M shares, valued at $103.72 million in 2017Q3, according to the filing. It also reduced its holding in Arch Cap Group Ltd (NASDAQ:ACGL) by 96,100 shares in the quarter, leaving it with 318,131 shares, and cut its stake in Quintiles Ims Holdings Inc (NYSE:Q).

Among 10 analysts covering Sotheby’s (NYSE:BID), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Sotheby’s had 17 analyst reports since July 28, 2015 according to SRatingsIntel. On Friday, December 16 the stock rating was upgraded by Cowen & Co to “Outperform”. The stock has “Mkt Perform” rating by Barrington Research on Friday, February 26. The firm has “Buy” rating by Stifel Nicolaus given on Friday, December 18. The rating was maintained by Williams Capital Group with “Buy” on Thursday, September 3. The stock of Sotheby's (NYSE:BID) earned “Buy” rating by Cowen & Co on Friday, November 3. The stock of Sotheby's (NYSE:BID) earned “Hold” rating by Standpoint Research on Thursday, April 14. Sitfel downgraded Sotheby's (NYSE:BID) on Thursday, February 11 to “Hold” rating. The firm earned “Hold” rating on Tuesday, July 28 by TheStreet. Cowen & Co maintained Sotheby's (NYSE:BID) rating on Thursday, September 28. Cowen & Co has “Buy” rating and $56.0 target. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, November 10.

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.11, from 0.83 in 2017Q2. It turned negative, as 30 investors sold BID shares while 77 reduced holdings. 26 funds opened positions while 51 raised stakes. 47.51 million shares or 2.32% more from 46.43 million shares in 2017Q2 were reported. 13D Mngmt Lc has 130,084 shares for 2.28% of their portfolio. Third Point Limited Liability Corporation has 6.66 million shares. Citadel Advsr Ltd has 45,360 shares. Commerzbank Aktiengesellschaft Fi invested 0% of its portfolio in Sotheby's (NYSE:BID). Neuberger Berman Grp Ltd stated it has 115,190 shares. California State Teachers Retirement holds 0.01% of its portfolio in Sotheby's (NYSE:BID) for 61,023 shares. Point72 Asia (Hong Kong) Ltd holds 0% or 38 shares. Sei Invests reported 0% in Sotheby's (NYSE:BID). Natl Bank Of Ny Mellon Corp invested in 0.01% or 466,804 shares. First Mercantile Tru holds 0.06% or 6,710 shares. Connecticut-based Discovery Cap Mgmt Limited Liability Company Ct has invested 1.12% in Sotheby's (NYSE:BID). 5,050 were reported by Yorktown Management & Co. State Board Of Administration Of Florida Retirement Sys reported 30,200 shares. Tokio Marine Asset Mngmt Limited owns 0.19% invested in Sotheby's (NYSE:BID) for 26,700 shares. Moreover, Lmr Ptnrs Llp has 0.11% invested in Sotheby's (NYSE:BID).

Roffman Miller Associates Inc, which manages about $833.24 million and $758.50 million US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 10,891 shares to 65,040 shares, valued at $3.26M in 2017Q3, according to the filing.

Among 9 analysts covering RPM International (NYSE:RPM), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. RPM International had 15 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Thursday, July 13. The rating was initiated by RBC Capital Markets on Wednesday, October 14 with “Sector Perform”. The stock has “Buy” rating by Northcoast on Friday, February 17. The rating was maintained by RBC Capital Markets on Monday, October 9 with “Hold”. KeyBanc Capital Markets maintained the stock with “Hold” rating in Tuesday, August 22 report. RBC Capital Markets maintained the stock with “Hold” rating in Monday, November 13 report. The firm has “Accumulate” rating given on Tuesday, January 5 by Seaport Global Securities. RBC Capital Markets maintained the shares of RPM in report on Tuesday, September 5 with “Hold” rating. Robert W. Baird maintained the shares of RPM in report on Friday, November 3 with “Hold” rating. The company was downgraded on Wednesday, August 10 by Seaport Global.

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