As Eldorado Gold (EGO) Stock Value Declined, Asa Gold & Precious Metals LTD Raised Its Holding by $1.79 Million; Nj State Employees Deferred Compensation Plan Holding in Watsco (WSO) Has Trimmed as Market Valuation Declined

February 13, 2018 - By Lawrence Diaz

Asa Gold & Precious Metals Ltd increased its stake in Eldorado Gold Corp (EGO) by 137.93% based on its latest 2017Q3 regulatory filing with the SEC. Asa Gold & Precious Metals Ltd bought 896,570 shares as the company’s stock declined 5.46% while stock markets rallied. The institutional investor held 1.55 million shares of the precious metals company at the end of 2017Q3, valued at $3.40M, up from 650,000 at the end of the previous reported quarter. Asa Gold & Precious Metals Ltd who had been investing in Eldorado Gold Corp for a number of months, seems to be bullish on the $889.18M market cap company. The stock decreased 3.45% or $0.04 during the last trading session, reaching $1.12. About 9.19 million shares traded or 9.11% up from the average. Eldorado Gold Corporation (NYSE:EGO) has declined 23.79% since February 13, 2017 and is downtrending. It has underperformed by 40.49% the S&P500.

Nj State Employees Deferred Compensation Plan decreased its stake in Watsco Inc (WSO) by 70% based on its latest 2017Q3 regulatory filing with the SEC. Nj State Employees Deferred Compensation Plan sold 7,000 shares as the company’s stock declined 7.78% while stock markets rallied. The institutional investor held 3,000 shares of the consumer durables company at the end of 2017Q3, valued at $483,000, down from 10,000 at the end of the previous reported quarter. Nj State Employees Deferred Compensation Plan who had been investing in Watsco Inc for a number of months, seems to be less bullish one the $5.43 billion market cap company. The stock increased 0.69% or $1.14 during the last trading session, reaching $165.39. About 148,121 shares traded. Watsco, Inc. (NYSE:WSO) has risen 8.75% since February 13, 2017 and is uptrending. It has underperformed by 7.95% the S&P500.

Among 11 analysts covering Watsco (NYSE:WSO), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Watsco had 36 analyst reports since September 11, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 12 by Susquehanna. On Tuesday, July 25 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Outperform” rating on Thursday, April 21 by Robert W. Baird. As per Friday, February 9, the company rating was maintained by Susquehanna. On Wednesday, October 28 the stock rating was maintained by Stephens with “Overweight”. The firm has “Underweight” rating given on Thursday, October 26 by Morgan Stanley. The rating was maintained by Robert W. Baird on Thursday, August 31 with “Buy”. As per Wednesday, November 25, the company rating was initiated by Stifel Nicolaus. The company was maintained on Tuesday, October 3 by Robert W. Baird. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, December 10.

Nj State Employees Deferred Compensation Plan, which manages about $551.67M US Long portfolio, upped its stake in Patrick Inds Inc (NASDAQ:PATK) by 4,000 shares to 10,000 shares, valued at $841,000 in 2017Q3, according to the filing. It also increased its holding in Mastec Inc (NYSE:MTZ) by 13,000 shares in the quarter, for a total of 25,000 shares, and has risen its stake in Geo Group Inc New (NYSE:GEO).

Investors sentiment increased to 1.58 in 2017 Q3. Its up 0.13, from 1.45 in 2017Q2. It increased, as 29 investors sold WSO shares while 68 reduced holdings. 49 funds opened positions while 104 raised stakes. 28.54 million shares or 1.86% more from 28.02 million shares in 2017Q2 were reported. Howland Mgmt Limited Liability Company has invested 1.88% in Watsco, Inc. (NYSE:WSO). State Bank Of America De stated it has 120,602 shares. 5,000 were reported by Wolverine Asset Management Limited Liability Company. Wendell David accumulated 17,915 shares. Swiss Bancorporation holds 50,644 shares. 2,811 were reported by Cleararc Capital. Oak Ridge Investments Ltd accumulated 267,025 shares. Advisor Prns Lc holds 1,549 shares. Menta Capital Ltd holds 0.03% or 1,334 shares in its portfolio. Walleye Trading Ltd Liability Com holds 2,614 shares or 0% of its portfolio. Stifel Fincl Corporation owns 0.01% invested in Watsco, Inc. (NYSE:WSO) for 12,574 shares. The Minnesota-based Advantus Cap has invested 0.02% in Watsco, Inc. (NYSE:WSO). The New York-based Bnp Paribas Arbitrage has invested 0% in Watsco, Inc. (NYSE:WSO). Raymond James Financial Services Advsr Inc reported 7,589 shares. Bb&T Corporation holds 19,289 shares or 0.06% of its portfolio.

Among 16 analysts covering Eldorado Gold Corporation (NYSE:EGO), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Eldorado Gold Corporation had 60 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was downgraded by Canaccord Genuity to “Hold” on Friday, July 28. As per Monday, August 24, the company rating was downgraded by Raymond James. The company was downgraded on Thursday, June 15 by Canaccord Genuity. The stock has “Buy” rating by Canaccord Genuity on Wednesday, March 29. On Friday, April 28 the stock rating was maintained by TD Securities with “Buy”. The stock of Eldorado Gold Corporation (NYSE:EGO) earned “Hold” rating by Canaccord Genuity on Monday, August 24. The stock of Eldorado Gold Corporation (NYSE:EGO) has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The stock of Eldorado Gold Corporation (NYSE:EGO) has “Mkt Perform” rating given on Friday, August 21 by Raymond James. On Monday, July 31 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Eldorado Gold Corporation (NYSE:EGO) has “Neutral” rating given on Tuesday, October 6 by Credit Suisse.

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