Baillie Gifford & Company Has Decreased Its Tiffany & Co (TIF) Stake by $318,045; Share Price Rose; Investar Hldg (ISTR) Shareholder Stieven Capital Advisors LP Has Lifted Holding

February 15, 2018 - By Linda Rogers

Stieven Capital Advisors Lp increased its stake in Investar Hldg Corp (ISTR) by 12.7% based on its latest 2017Q3 regulatory filing with the SEC. Stieven Capital Advisors Lp bought 15,035 shares as the company’s stock rose 11.14% with the market. The hedge fund held 133,435 shares of the major banks company at the end of 2017Q3, valued at $3.22M, up from 118,400 at the end of the previous reported quarter. Stieven Capital Advisors Lp who had been investing in Investar Hldg Corp for a number of months, seems to be bullish on the $231.21 million market cap company. The stock decreased 0.21% or $0.05 during the last trading session, reaching $24.3. About 540 shares traded. Investar Holding Corporation (NASDAQ:ISTR) has risen 48.68% since February 15, 2017 and is uptrending. It has outperformed by 31.98% the S&P500.

Baillie Gifford & Company decreased its stake in Tiffany & Co (TIF) by 1.55% based on its latest 2017Q3 regulatory filing with the SEC. Baillie Gifford & Company sold 3,495 shares as the company’s stock rose 7.82% with the market. The institutional investor held 221,319 shares of the consumer specialties company at the end of 2017Q3, valued at $20.31 million, down from 224,814 at the end of the previous reported quarter. Baillie Gifford & Company who had been investing in Tiffany & Co for a number of months, seems to be less bullish one the $12.71B market cap company. The stock decreased 0.84% or $0.87 during the last trading session, reaching $102.24. About 296,110 shares traded. Tiffany & Co. (NYSE:TIF) has risen 46.84% since February 15, 2017 and is uptrending. It has outperformed by 30.14% the S&P500.

Analysts await Tiffany & Co. (NYSE:TIF) to report earnings on March, 16. They expect $1.52 EPS, up 4.83% or $0.07 from last year’s $1.45 per share. TIF’s profit will be $188.90 million for 16.82 P/E if the $1.52 EPS becomes a reality. After $0.80 actual EPS reported by Tiffany & Co. for the previous quarter, Wall Street now forecasts 90.00% EPS growth.

Baillie Gifford & Company, which manages about $78.99 billion US Long portfolio, upped its stake in Invesco Senior Income Trust (VVR) by 234,870 shares to 10.34 million shares, valued at $46.42 million in 2017Q3, according to the filing. It also increased its holding in Heico ‘A’ (NYSE:HEI.A) by 39,483 shares in the quarter, for a total of 330,266 shares, and has risen its stake in Watsco Inc (NYSE:WSO).

Among 26 analysts covering Tiffany & Co. (NYSE:TIF), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. Tiffany & Co. had 84 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Tiffany & Co. (NYSE:TIF) has “Sector Perform” rating given on Friday, August 26 by RBC Capital Markets. The rating was maintained by Wells Fargo on Thursday, January 11 with “Hold”. On Wednesday, July 29 the stock rating was initiated by Mizuho with “Buy”. The firm has “Hold” rating given on Wednesday, October 11 by KeyBanc Capital Markets. Needham maintained the stock with “Hold” rating in Friday, August 25 report. The firm earned “Hold” rating on Tuesday, February 7 by HSBC. The stock has “Neutral” rating by Citigroup on Friday, August 26. On Wednesday, June 21 the stock rating was maintained by Oppenheimer with “Buy”. The firm earned “Buy” rating on Thursday, November 30 by Cowen & Co. Jefferies maintained the stock with “Buy” rating in Tuesday, June 6 report.

Among 4 analysts covering Investar (NASDAQ:ISTR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Investar had 5 analyst reports since August 26, 2016 according to SRatingsIntel. PiperJaffray reinitiated Investar Holding Corporation (NASDAQ:ISTR) rating on Thursday, October 5. PiperJaffray has “Overweight” rating and $26 target. The company was downgraded on Thursday, August 10 by Raymond James. The firm has “Buy” rating by Sandler O’Neill given on Monday, January 29. Piper Jaffray maintained Investar Holding Corporation (NASDAQ:ISTR) rating on Thursday, July 27. Piper Jaffray has “Buy” rating and $2400 target. The company was initiated on Friday, August 26 by Raymond James.

Stieven Capital Advisors Lp, which manages about $284.20M and $527.25M US Long portfolio, decreased its stake in Seacoast Bkg Corp Fla (NASDAQ:SBCF) by 164,600 shares to 248,600 shares, valued at $5.94 million in 2017Q3, according to the filing. It also reduced its holding in Howard Bancorp Inc (NASDAQ:HBMD) by 52,100 shares in the quarter, leaving it with 432,204 shares, and cut its stake in Heritage Finl Corp Wash (NASDAQ:HFWA).

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