Group 1 Automotive (GPI) Stock Price Declined While Clarivest Asset Management Has Trimmed Position; Praesidium Investment Management Company Position in Quanex Building Products Cor (NX) Has Raised by $592,416

February 15, 2018 - By Nellie Frank

Praesidium Investment Management Company Llc increased its stake in Quanex Building Products Cor (NX) by 0.79% based on its latest 2017Q3 regulatory filing with the SEC. Praesidium Investment Management Company Llc bought 26,928 shares as the company’s stock rose 2.34% with the market. The institutional investor held 3.42 million shares of the metal fabrications company at the end of 2017Q3, valued at $78.48 million, up from 3.39M at the end of the previous reported quarter. Praesidium Investment Management Company Llc who had been investing in Quanex Building Products Cor for a number of months, seems to be bullish on the $654.07M market cap company. The stock increased 1.36% or $0.25 during the last trading session, reaching $18.65. About 99,574 shares traded. Quanex Building Products Corporation (NYSE:NX) has risen 12.06% since February 15, 2017 and is uptrending. It has underperformed by 4.64% the S&P500.

Clarivest Asset Management Llc decreased its stake in Group 1 Automotive Inc (GPI) by 15.2% based on its latest 2017Q3 regulatory filing with the SEC. Clarivest Asset Management Llc sold 17,600 shares as the company’s stock declined 20.50% while stock markets rallied. The institutional investor held 98,227 shares of the consumer durables company at the end of 2017Q3, valued at $7.12M, down from 115,827 at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in Group 1 Automotive Inc for a number of months, seems to be less bullish one the $1.53B market cap company. The stock decreased 0.77% or $0.59 during the last trading session, reaching $75.95. About 118,932 shares traded. Group 1 Automotive, Inc. (NYSE:GPI) has risen 10.14% since February 15, 2017 and is uptrending. It has underperformed by 6.56% the S&P500.

Since September 21, 2017, it had 0 insider buys, and 10 selling transactions for $16.32 million activity. Shares for $2.28M were sold by HESTERBERG EARL J. The insider Rickel John C sold $669,939. On Tuesday, December 12 STRANGE J TERRY sold $401,362 worth of Group 1 Automotive, Inc. (NYSE:GPI) or 5,000 shares. Burman Darryl M sold $797,441 worth of stock or 10,000 shares.

Clarivest Asset Management Llc, which manages about $3.41 billion and $4.32B US Long portfolio, upped its stake in Oshkosh Corp (NYSE:OSK) by 29,945 shares to 253,114 shares, valued at $20.89M in 2017Q3, according to the filing. It also increased its holding in Petroleo Brasileiro Sa Petro by 38,300 shares in the quarter, for a total of 926,000 shares, and has risen its stake in First Internet Bancorp (NASDAQ:INBK).

Among 13 analysts covering Group 1 Automotive (NYSE:GPI), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Group 1 Automotive had 21 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Group 1 Automotive, Inc. (NYSE:GPI) has “Hold” rating given on Thursday, September 7 by Goldman Sachs. The stock of Group 1 Automotive, Inc. (NYSE:GPI) has “Hold” rating given on Wednesday, March 9 by Evercore. The firm has “Neutral” rating by Buckingham Research given on Monday, November 13. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, April 13. The firm has “Neutral” rating given on Tuesday, January 10 by CL King. The rating was initiated by Seaport Global on Tuesday, August 9 with “Neutral”. Stephens maintained the shares of GPI in report on Wednesday, October 28 with “Equal-Weight” rating. The company was initiated on Thursday, February 2 by Susquehanna. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, November 22. Buckingham Research upgraded the stock to “Buy” rating in Wednesday, July 20 report.

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.17, from 0.82 in 2017Q2. It increased, as 25 investors sold GPI shares while 53 reduced holdings. 28 funds opened positions while 49 raised stakes. 20.26 million shares or 2.16% more from 19.83 million shares in 2017Q2 were reported. Riverhead Management Ltd Liability invested in 2,117 shares. Cubic Asset Mngmt Limited Liability Corporation reported 58,840 shares or 1.2% of all its holdings. Abrams Mngmt Lp accumulated 0.71% or 250,471 shares. Eqis Cap Mgmt holds 0.01% or 3,205 shares in its portfolio. Federated Investors Inc Pa invested 0% in Group 1 Automotive, Inc. (NYSE:GPI). Kbc Grp Inc Inc Nv holds 0% or 6,354 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). State Of Tennessee Treasury Department invested in 17,499 shares. First Advisors Limited Partnership stated it has 32,158 shares. Profund Advsrs Limited Liability stated it has 0.01% in Group 1 Automotive, Inc. (NYSE:GPI). Scopus Asset Mngmt Ltd Partnership has invested 0.28% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). Moreover, Fca Tx has 0.12% invested in Group 1 Automotive, Inc. (NYSE:GPI). Great West Life Assurance Can invested 0% in Group 1 Automotive, Inc. (NYSE:GPI). Mason Street accumulated 4,965 shares. Price T Rowe Associate Inc Md reported 8,558 shares.

Among 5 analysts covering Quanex Building Products (NYSE:NX), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Quanex Building Products had 15 analyst reports since August 22, 2015 according to SRatingsIntel. As per Tuesday, October 18, the company rating was downgraded by KeyBanc Capital Markets. As per Tuesday, September 19, the company rating was maintained by KeyBanc Capital Markets. KeyBanc Capital Markets upgraded the shares of NX in report on Friday, June 10 to “Overweight” rating. Wedbush upgraded the stock to “Outperform” rating in Monday, March 14 report. The company was reinitiated on Wednesday, July 19 by Wedbush. The firm has “Outperform” rating given on Wednesday, March 8 by Wedbush. The rating was downgraded by Wedbush to “Neutral” on Monday, December 18. As per Tuesday, September 22, the company rating was upgraded by Zacks. Sidoti initiated the shares of NX in report on Friday, September 25 with “Buy” rating. The rating was maintained by Imperial Capital on Tuesday, January 5 with “Outperform”.

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