Diamond Hill Capital Management Holding in Verisk Analytics (VRSK) Upped by $81.30 Million as Stock Declined; Bank Of Nova Scotia Upped Alibaba Group Hldg LTD (BABA) Stake by $5.65 Million

February 20, 2018 - By Lawrence Diaz

Bank Of Nova Scotia increased its stake in Alibaba Group Hldg Ltd (BABA) by 82.17% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Nova Scotia bought 32,866 shares as the company’s stock rose 22.58% with the market. The institutional investor held 72,866 shares of the business services company at the end of 2017Q3, valued at $12.56 million, up from 40,000 at the end of the previous reported quarter. Bank Of Nova Scotia who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $471.29B market cap company. The stock decreased 2.01% or $3.77 during the last trading session, reaching $183.68. About 16.11 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 20, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Ric Dillon increased its stake in Verisk Analytics Inc. (VRSK) by 154.43% based on its latest 2017Q3 regulatory filing with the SEC. Diamond Hill Capital Management Inc bought 979,475 shares as the company’s stock declined 6.47% while stock markets rallied. The hedge fund run by Ric Dillon held 1.61M shares of the technology company at the end of 2017Q3, valued at $134.25M, up from 634,263 at the end of the previous reported quarter. Diamond Hill Capital Management Inc who had been investing in Verisk Analytics Inc. for a number of months, seems to be bullish on the $16.27B market cap company. The stock increased 0.57% or $0.56 during the last trading session, reaching $98.79. About 2.07 million shares traded or 128.12% up from the average. Verisk Analytics, Inc. (NASDAQ:VRSK) has risen 4.02% since February 20, 2017 and is uptrending. It has underperformed by 12.68% the S&P500.

Bank Of Nova Scotia, which manages about $17.16B US Long portfolio, decreased its stake in American Tower Corp New (NYSE:AMT) by 21,369 shares to 74,525 shares, valued at $10.19M in 2017Q3, according to the filing. It also reduced its holding in Tekla Healthcare Invs (NYSE:HQH) by 13,342 shares in the quarter, leaving it with 71,233 shares, and cut its stake in Citrix Sys Inc (NASDAQ:CTXS).

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 168 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Friday, August 12 by Morgan Stanley. The company was maintained on Thursday, November 2 by SunTrust. The stock has “Outperform” rating by Robert W. Baird on Thursday, January 7. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Outperform” rating given on Friday, August 12 by RBC Capital Markets. As per Friday, October 30, the company rating was maintained by M Partners. The company was maintained on Friday, August 14 by UBS. The firm earned “Buy” rating on Thursday, September 22 by Stifel Nicolaus. Robert W. Baird maintained the shares of BABA in report on Tuesday, October 17 with “Buy” rating. The company was maintained on Friday, January 29 by RBC Capital Markets. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Wednesday, August 12 by Cantor Fitzgerald.

Since September 6, 2017, it had 2 buys, and 9 insider sales for $16.70 million activity. The insider MILLS ANDREW G sold $289,140. Another trade for 15,000 shares valued at $1.42 million was sold by WRIGHT DAVID B. Thompson Kenneth E had sold 69,793 shares worth $5.94M. 10,526 shares were sold by LEHMAN JOHN F, worth $1.00 million.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.03, from 1 in 2017Q2. It is positive, as 39 investors sold VRSK shares while 143 reduced holdings. 49 funds opened positions while 139 raised stakes. 149.72 million shares or 1.38% more from 147.68 million shares in 2017Q2 were reported. Natixis owns 47,518 shares for 0.04% of their portfolio. Teachers Retirement Systems Of The State Of Kentucky stated it has 0.02% of its portfolio in Verisk Analytics, Inc. (NASDAQ:VRSK). Plante Moran Finance Limited Com stated it has 18 shares or 0% of all its holdings. Art Advsr Ltd Liability Corp accumulated 6,200 shares or 0.03% of the stock. State Treasurer State Of Michigan invested in 0.03% or 47,116 shares. Victory, a Ohio-based fund reported 30,168 shares. Savings Bank Of Nova Scotia Tru accumulated 0.02% or 1,970 shares. Engineers Gate Manager LP has invested 0.13% in Verisk Analytics, Inc. (NASDAQ:VRSK). Jane Street Group Llc holds 0% or 14,846 shares. Montag Caldwell Lc accumulated 5,857 shares. Strs Ohio holds 370,439 shares. Clearbridge Invs Lc holds 225 shares. Shelter Insurance Retirement Plan has invested 1.6% of its portfolio in Verisk Analytics, Inc. (NASDAQ:VRSK). Junto Cap Management Ltd Partnership accumulated 198,000 shares. Aperio Gp Lc owns 0.02% invested in Verisk Analytics, Inc. (NASDAQ:VRSK) for 38,999 shares.

Diamond Hill Capital Management Inc, which manages about $12.19 billion and $18.99 billion US Long portfolio, decreased its stake in Orthofix International N.V. (NASDAQ:OFIX) by 370,579 shares to 608,962 shares, valued at $28.77M in 2017Q3, according to the filing. It also reduced its holding in Jones Lang Lasalle Inc. (NYSE:JLL) by 23,783 shares in the quarter, leaving it with 512,632 shares, and cut its stake in First Of Long Island Corp. (NASDAQ:FLIC).

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