As Mgp Ingredients New (MGPI) Market Valuation Rose, Croft-Leominster Has Trimmed Its Stake; Scout Investments Has Boosted Owens Corning (OC) Stake by $2.64 Million as Stock Value Rose

February 18, 2018 - By Dolores Ford

Scout Investments Inc increased its stake in Owens Corning Inc (OC) by 15.18% based on its latest 2017Q3 regulatory filing with the SEC. Scout Investments Inc bought 34,291 shares as the company’s stock rose 7.09% with the market. The institutional investor held 260,126 shares of the industrial machinery and components company at the end of 2017Q3, valued at $20.12 million, up from 225,835 at the end of the previous reported quarter. Scout Investments Inc who had been investing in Owens Corning Inc for a number of months, seems to be bullish on the $9.73B market cap company. The stock decreased 0.08% or $0.07 during the last trading session, reaching $87.44. About 801,271 shares traded. Owens Corning (NYSE:OC) has risen 23.07% since February 18, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.

Croft-Leominster Inc decreased its stake in Mgp Ingredients Inc New (MGPI) by 71.88% based on its latest 2017Q3 regulatory filing with the SEC. Croft-Leominster Inc sold 11,500 shares as the company’s stock rose 22.02% with the market. The institutional investor held 4,500 shares of the consumer non-durables company at the end of 2017Q3, valued at $272,000, down from 16,000 at the end of the previous reported quarter. Croft-Leominster Inc who had been investing in Mgp Ingredients Inc New for a number of months, seems to be less bullish one the $1.45 billion market cap company. The stock decreased 1.13% or $0.99 during the last trading session, reaching $86.54. About 129,359 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 102.52% since February 18, 2017 and is uptrending. It has outperformed by 85.82% the S&P500.

Since August 25, 2017, it had 0 insider buys, and 6 selling transactions for $14.53 million activity. The insider SMITH DANIEL T sold 41,425 shares worth $2.94M. 2,679 shares were sold by Francis Julian, worth $198,567 on Friday, September 1. Genis Arnaud had sold 6,000 shares worth $424,500 on Monday, August 28. THAMAN MICHAEL H sold $9.80M worth of stock or 130,700 shares. Schmidt Kelly also sold $102,852 worth of Owens Corning (NYSE:OC) on Friday, August 25.

Among 25 analysts covering Owens Corning (NYSE:OC), 16 have Buy rating, 0 Sell and 9 Hold. Therefore 64% are positive. Owens Corning had 75 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Wedbush on Friday, March 31. The stock of Owens Corning (NYSE:OC) has “Neutral” rating given on Wednesday, July 6 by Wedbush. The firm has “Neutral” rating by Suntrust Robinson given on Thursday, October 22. As per Thursday, August 31, the company rating was maintained by Stifel Nicolaus. As per Monday, December 4, the company rating was upgraded by RBC Capital Markets. RBC Capital Markets maintained Owens Corning (NYSE:OC) rating on Thursday, October 22. RBC Capital Markets has “Sector Perform” rating and $52.0 target. Longbow upgraded Owens Corning (NYSE:OC) on Thursday, January 21 to “Buy” rating. The firm earned “Buy” rating on Wednesday, October 11 by Evercore. M Partners upgraded the stock to “Neutral” rating in Thursday, July 27 report. The rating was reinitiated by Bank of America with “Neutral” on Friday, September 23.

Investors sentiment increased to 1.26 in 2017 Q3. Its up 0.32, from 0.94 in 2017Q2. It increased, as 29 investors sold OC shares while 115 reduced holdings. 61 funds opened positions while 120 raised stakes. 101.20 million shares or 1.31% less from 102.55 million shares in 2017Q2 were reported. Barrow Hanley Mewhinney And Strauss Ltd Company stated it has 0.65% of its portfolio in Owens Corning (NYSE:OC). 101,730 were accumulated by Riverhead Cap Mngmt Ltd Llc. Par Cap Mngmt reported 2.15M shares. Hightower Advisors Ltd Liability Company accumulated 3,928 shares. Schwab Charles Invest Mngmt Incorporated stated it has 0.09% of its portfolio in Owens Corning (NYSE:OC). Bkd Wealth Advsrs Lc stated it has 0.04% of its portfolio in Owens Corning (NYSE:OC). Fisher Asset Ltd Liability Co accumulated 395,746 shares. Grantham Mayo Van Otterloo & Com Lc accumulated 45,200 shares. Jane Street Grp Incorporated Ltd Llc has invested 0% in Owens Corning (NYSE:OC). Anson Funds Management LP owns 88,340 shares or 1.03% of their US portfolio. Parkside Bank & Trust holds 155 shares. Vident Investment Advisory Ltd Com invested in 0.16% or 37,690 shares. Hap Trading Lc invested in 0.04% or 10,850 shares. Castleark Mgmt Limited Liability Co stated it has 0.19% in Owens Corning (NYSE:OC). Etrade Cap Management owns 11,895 shares for 0.03% of their portfolio.

Scout Investments Inc, which manages about $31.17B and $3.65B US Long portfolio, decreased its stake in Aspen Technology Inc (NASDAQ:AZPN) by 24,698 shares to 98,130 shares, valued at $6.16M in 2017Q3, according to the filing. It also reduced its holding in Cboe Holdings Inc (NASDAQ:CBOE) by 8,875 shares in the quarter, leaving it with 166,591 shares, and cut its stake in Nvr Inc (NYSE:NVR).

Since August 17, 2017, it had 0 insider purchases, and 3 sales for $1.87 million activity.

Croft-Leominster Inc, which manages about $892.29M and $422.62 million US Long portfolio, upped its stake in Newell Brands Inc (NYSE:NWL) by 68,528 shares to 152,741 shares, valued at $6.52 million in 2017Q3, according to the filing. It also increased its holding in International Business Machs (NYSE:IBM) by 31,728 shares in the quarter, for a total of 33,591 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Analysts await MGP Ingredients, Inc. (NASDAQ:MGPI) to report earnings on March, 14. They expect $0.49 earnings per share, up 2.08% or $0.01 from last year’s $0.48 per share. MGPI’s profit will be $8.19M for 44.15 P/E if the $0.49 EPS becomes a reality. After $0.38 actual earnings per share reported by MGP Ingredients, Inc. for the previous quarter, Wall Street now forecasts 28.95% EPS growth.

Among 3 analysts covering MGP Ingredients (NASDAQ:MGPI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. MGP Ingredients had 5 analyst reports since May 25, 2016 according to SRatingsIntel. The rating was initiated by Craig Hallum with “Buy” on Wednesday, May 25. Sidoti upgraded MGP Ingredients, Inc. (NASDAQ:MGPI) on Wednesday, January 31 to “Buy” rating. The firm has “Buy” rating given on Monday, January 29 by Craig Hallum. The stock has “Buy” rating by Sidoti on Wednesday, February 1.

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