Kames Capital Plc Stake in Office Depot (ODP) Has Cut by $10.89 Million as Stock Rose; Jolley Asset Management Has Trimmed Its Cf Industries Holdings (CF) Holding by $450,000; Shares Declined

February 15, 2018 - By Adrian Erickson

Kames Capital Plc decreased its stake in Office Depot Inc. (ODP) by 82.48% based on its latest 2017Q3 regulatory filing with the SEC. Kames Capital Plc sold 2.72 million shares as the company’s stock rose 10.79% with the market. The institutional investor held 578,151 shares of the consumer services company at the end of 2017Q3, valued at $2.63M, down from 3.30M at the end of the previous reported quarter. Kames Capital Plc who had been investing in Office Depot Inc. for a number of months, seems to be less bullish one the $1.61 billion market cap company. The stock increased 0.65% or $0.02 during the last trading session, reaching $3.11. About 4.58 million shares traded or 6.97% up from the average. Office Depot, Inc. (NASDAQ:ODP) has risen 51.05% since February 15, 2017 and is uptrending. It has outperformed by 34.35% the S&P500.

Jolley Asset Management Llc decreased its stake in Cf Industries Holdings Inc. (CF) by 97.66% based on its latest 2017Q3 regulatory filing with the SEC. Jolley Asset Management Llc sold 12,500 shares as the company’s stock declined 16.27% while stock markets rallied. The institutional investor held 300 shares of the basic industries company at the end of 2017Q3, valued at $11,000, down from 12,800 at the end of the previous reported quarter. Jolley Asset Management Llc who had been investing in Cf Industries Holdings Inc. for a number of months, seems to be less bullish one the $9.25B market cap company. The stock increased 1.69% or $0.66 during the last trading session, reaching $39.66. About 2.76M shares traded. CF Industries Holdings, Inc. (NYSE:CF) has declined 0.63% since February 15, 2017 and is downtrending. It has underperformed by 17.33% the S&P500.

Since October 13, 2017, it had 0 insider buys, and 2 sales for $1.38 million activity. RABINOVITCH MICHAEL sold $4,637 worth of stock.

Kames Capital Plc, which manages about $3.65B US Long portfolio, upped its stake in Fedex Corporation (NYSE:FDX) by 2,426 shares to 10,727 shares, valued at $2.42 million in 2017Q3, according to the filing. It also increased its holding in Philip Morris International (NYSE:PM) by 67,092 shares in the quarter, for a total of 649,420 shares, and has risen its stake in Mettler (NYSE:MTD).

Analysts await Office Depot, Inc. (NASDAQ:ODP) to report earnings on March, 7. They expect $0.08 earnings per share, down 27.27% or $0.03 from last year’s $0.11 per share. ODP’s profit will be $41.29M for 9.72 P/E if the $0.08 EPS becomes a reality. After $0.14 actual earnings per share reported by Office Depot, Inc. for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.44, from 1.31 in 2017Q2. It fall, as 41 investors sold ODP shares while 83 reduced holdings. 27 funds opened positions while 81 raised stakes. 461.44 million shares or 1.55% less from 468.70 million shares in 2017Q2 were reported. Commonwealth Retail Bank Of, a Australia-based fund reported 593,800 shares. Fairpointe Capital Limited Liability Corporation accumulated 30.62M shares or 2.75% of the stock. Oregon Public Employees Retirement Fund holds 0.01% or 190,463 shares in its portfolio. Legal & General Grp Public Limited Company invested in 0% or 1.31 million shares. Kbc Nv invested 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP). Manufacturers Life Ins The stated it has 1.13M shares. Mutual Of America Cap Llc stated it has 0.03% in Office Depot, Inc. (NASDAQ:ODP). Adirondack Rech & Management holds 772,414 shares. Paragon Management Limited accumulated 55,926 shares. Northwestern Mutual Wealth owns 500 shares. United Kingdom-based Ahl Partners Limited Liability Partnership has invested 0.05% in Office Depot, Inc. (NASDAQ:ODP). 794,949 were accumulated by Gotham Asset Management Limited Liability. Moreover, Aqr Ltd Limited Liability Company has 0.07% invested in Office Depot, Inc. (NASDAQ:ODP) for 12.91 million shares. Voya Investment Management Ltd holds 0% or 425,400 shares in its portfolio. Dreman Value Management L L C has 6,848 shares.

Among 12 analysts covering Office Depot (NASDAQ:ODP), 3 have Buy rating, 3 Sell and 6 Hold. Therefore 25% are positive. Office Depot had 21 analyst reports since September 8, 2015 according to SRatingsIntel. UBS downgraded Office Depot, Inc. (NASDAQ:ODP) rating on Wednesday, May 11. UBS has “Sell” rating and $4 target. KeyBanc Capital Markets downgraded the shares of ODP in report on Tuesday, December 8 to “Sector Weight” rating. On Thursday, August 4 the stock rating was maintained by UBS with “Sell”. As per Monday, October 30, the company rating was downgraded by JP Morgan. On Friday, October 28 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. On Monday, October 30 the stock rating was downgraded by J.P. Morgan to “Sell”. The firm has “Sell” rating by Jefferies given on Wednesday, May 11. On Wednesday, May 11 the stock rating was downgraded by Telsey Advisory Group to “Market Perform”. On Monday, March 7 the stock rating was maintained by Credit Suisse with “Outperform”. B. Riley & Co upgraded it to “Buy” rating and $11.0 target in Tuesday, September 8 report.

Among 18 analysts covering CF Industries Holdings (NYSE:CF), 6 have Buy rating, 2 Sell and 10 Hold. Therefore 33% are positive. CF Industries Holdings has $76 highest and $22 lowest target. $38.80’s average target is -2.17% below currents $39.66 stock price. CF Industries Holdings had 85 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of CF Industries Holdings, Inc. (NYSE:CF) earned “Underperform” rating by RBC Capital Markets on Friday, February 17. Cowen & Co maintained the stock with “Hold” rating in Wednesday, November 8 report. The stock of CF Industries Holdings, Inc. (NYSE:CF) earned “Equal-Weight” rating by Barclays Capital on Thursday, July 13. As per Friday, May 5, the company rating was upgraded by UBS. The stock of CF Industries Holdings, Inc. (NYSE:CF) has “Neutral” rating given on Wednesday, July 22 by Susquehanna. The rating was maintained by Cowen & Co with “Hold” on Thursday, August 3. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, June 6. As per Wednesday, August 10, the company rating was maintained by Citigroup. The stock has “Underperform” rating by Cowen & Co on Thursday, April 14. The rating was maintained by Credit Suisse on Friday, February 19 with “Outperform”.

Analysts await CF Industries Holdings, Inc. (NYSE:CF) to report earnings on February, 21. They expect $-0.11 earnings per share, up 71.79% or $0.28 from last year’s $-0.39 per share. After $-0.39 actual earnings per share reported by CF Industries Holdings, Inc. for the previous quarter, Wall Street now forecasts -71.79% EPS growth.

Jolley Asset Management Llc, which manages about $208.23 million and $147.42 million US Long portfolio, upped its stake in Royal Bank Of Canada (NYSE:RY) by 4,600 shares to 7,025 shares, valued at $543,000 in 2017Q3, according to the filing.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.10, from 0.98 in 2017Q2. It is negative, as 40 investors sold CF shares while 147 reduced holdings. 62 funds opened positions while 102 raised stakes. 250.53 million shares or 1.86% less from 255.28 million shares in 2017Q2 were reported. Moreover, Maple Capital Management Inc has 3.01% invested in CF Industries Holdings, Inc. (NYSE:CF). Atria Investments Limited Liability Company reported 0.15% in CF Industries Holdings, Inc. (NYSE:CF). Aperio Limited Company reported 0.02% stake. Chevy Chase Tru reported 207,394 shares or 0.03% of all its holdings. Vident Investment Advisory Ltd Com reported 23,048 shares. Tt invested 0.19% of its portfolio in CF Industries Holdings, Inc. (NYSE:CF). Manufacturers Life Insurance Company The holds 0.01% or 269,281 shares in its portfolio. Fisher Asset Mgmt Lc accumulated 65,302 shares. Apg Asset Management Nv has 0.02% invested in CF Industries Holdings, Inc. (NYSE:CF) for 317,185 shares. Spirit Of America Mgmt Corporation New York holds 0.02% or 6,000 shares. Sun Life has 1,720 shares for 0.01% of their portfolio. Bourgeon Cap Mgmt Limited Company owns 21,200 shares for 0.44% of their portfolio. King Luther Capital Mngmt Corporation reported 0.01% in CF Industries Holdings, Inc. (NYSE:CF). Legal General Public Limited Company owns 0.03% invested in CF Industries Holdings, Inc. (NYSE:CF) for 1.23M shares. Guardian Life Insurance Of America reported 0% in CF Industries Holdings, Inc. (NYSE:CF).

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