City Office Reit (CIO) Shareholder Orinda Asset Management Trimmed Position; As Agco (AGCO) Stock Price Rose, Moon Capital Management Has Lowered by $2.98 Million Its Holding

February 25, 2018 - By Hazel Jackson

Moon Capital Management Llc decreased its stake in Agco Corporation (AGCO) by 53.74% based on its latest 2017Q3 regulatory filing with the SEC. Moon Capital Management Llc sold 40,857 shares as the company’s stock rose 0.30% with the market. The institutional investor held 35,174 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.59 million, down from 76,031 at the end of the previous reported quarter. Moon Capital Management Llc who had been investing in Agco Corporation for a number of months, seems to be less bullish one the $5.44 billion market cap company. The stock increased 1.30% or $0.88 during the last trading session, reaching $68.44. About 374,475 shares traded. AGCO Corporation (NYSE:AGCO) has risen 25.79% since February 25, 2017 and is uptrending. It has outperformed by 9.09% the S&P500.

Orinda Asset Management Llc decreased its stake in City Office Reit Inc (CIO) by 10.52% based on its latest 2017Q3 regulatory filing with the SEC. Orinda Asset Management Llc sold 57,816 shares as the company’s stock declined 6.92% while stock markets rallied. The institutional investor held 491,580 shares of the consumer services company at the end of 2017Q3, valued at $6.77M, down from 549,396 at the end of the previous reported quarter. Orinda Asset Management Llc who had been investing in City Office Reit Inc for a number of months, seems to be less bullish one the $380.65M market cap company. The stock increased 1.05% or $0.11 during the last trading session, reaching $10.57. About 442,138 shares traded or 42.94% up from the average. City Office REIT, Inc. (NYSE:CIO) has risen 7.65% since February 25, 2017 and is uptrending. It has underperformed by 9.05% the S&P500.

Analysts await AGCO Corporation (NYSE:AGCO) to report earnings on April, 27. They expect $0.12 earnings per share, up 700.00% or $0.14 from last year’s $-0.02 per share. AGCO’s profit will be $9.55M for 142.58 P/E if the $0.12 EPS becomes a reality. After $1.10 actual earnings per share reported by AGCO Corporation for the previous quarter, Wall Street now forecasts -89.09% negative EPS growth.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.04, from 0.85 in 2017Q2. It dropped, as 25 investors sold AGCO shares while 124 reduced holdings. 40 funds opened positions while 81 raised stakes. 64.46 million shares or 1.81% more from 63.32 million shares in 2017Q2 were reported. Comerica Natl Bank has 55,899 shares. Louisiana State Employees Retirement Systems reported 0.06% of its portfolio in AGCO Corporation (NYSE:AGCO). Nomura Holdg has invested 0% in AGCO Corporation (NYSE:AGCO). Massachusetts-based State Street has invested 0.02% in AGCO Corporation (NYSE:AGCO). California Employees Retirement Sys invested in 253,879 shares. Asset Management One Limited reported 136,827 shares. Liberty Mutual Grp Asset Mgmt has invested 0.07% in AGCO Corporation (NYSE:AGCO). Advisory Services Network Ltd Company invested 0% of its portfolio in AGCO Corporation (NYSE:AGCO). Proshare Advsr Ltd Liability Com, Maryland-based fund reported 4,615 shares. C M Bidwell And Limited reported 7,890 shares. Quantbot Technologies Lp accumulated 26,613 shares. Schafer Cullen Cap Mgmt reported 0% stake. Commerzbank Aktiengesellschaft Fi holds 7,476 shares or 0.01% of its portfolio. Great West Life Assurance Can invested in 0.01% or 51,482 shares. National Bank Of New York Mellon Corporation holds 0.02% or 881,221 shares.

Since August 29, 2017, it had 0 insider buys, and 1 insider sale for $173,830 activity. $173,830 worth of stock was sold by SMITH RICHARD ROBINSON on Wednesday, February 14.

Among 20 analysts covering Agco Corporation (NYSE:AGCO), 5 have Buy rating, 1 Sell and 14 Hold. Therefore 25% are positive. Agco Corporation had 72 analyst reports since July 27, 2015 according to SRatingsIntel. RBC Capital Markets maintained AGCO Corporation (NYSE:AGCO) rating on Thursday, July 27. RBC Capital Markets has “Hold” rating and $7000 target. As per Tuesday, July 18, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating by Deutsche Bank given on Wednesday, January 4. The stock of AGCO Corporation (NYSE:AGCO) earned “Buy” rating by Goldman Sachs on Friday, December 1. The firm earned “Sector Perform” rating on Wednesday, December 16 by RBC Capital Markets. The stock of AGCO Corporation (NYSE:AGCO) earned “Hold” rating by RBC Capital Markets on Monday, November 6. Deutsche Bank maintained the shares of AGCO in report on Wednesday, October 12 with “Hold” rating. The rating was downgraded by Bank of America to “Underperform” on Friday, October 2. The rating was maintained by Seaport Global on Thursday, January 18 with “Hold”. Piper Jaffray maintained AGCO Corporation (NYSE:AGCO) rating on Monday, August 24. Piper Jaffray has “Neutral” rating and $44 target.

Investors sentiment increased to 1.61 in 2017 Q3. Its up 0.14, from 1.47 in 2017Q2. It increased, as 9 investors sold CIO shares while 22 reduced holdings. 18 funds opened positions while 32 raised stakes. 16.96 million shares or 8.03% more from 15.70 million shares in 2017Q2 were reported. Millennium Mngmt Limited Company holds 0% or 190,445 shares in its portfolio. Metropolitan Life Ins holds 0% or 43,614 shares. Bessemer Grp owns 68,500 shares for 0% of their portfolio. 1.18M are held by Vanguard Grp Inc. Parametric Assocs Limited Liability Corporation invested in 0% or 37,405 shares. Sumitomo Mitsui Tru Inc accumulated 25,680 shares. Legal & General Grp Public Limited Liability Company reported 0% stake. Barclays Pcl has 0% invested in City Office REIT, Inc. (NYSE:CIO). Ameritas Invest Prtn Inc stated it has 0% of its portfolio in City Office REIT, Inc. (NYSE:CIO). 84,360 were accumulated by Icm Asset Inc Wa. Kennedy Cap Inc holds 0.07% of its portfolio in City Office REIT, Inc. (NYSE:CIO) for 276,030 shares. Opus Capital Gru Limited Liability Com reported 0.71% in City Office REIT, Inc. (NYSE:CIO). Morgan Stanley invested in 0% or 136,399 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt has invested 0.01% in City Office REIT, Inc. (NYSE:CIO). Geode Capital Ltd Liability, a Massachusetts-based fund reported 228,990 shares.

Orinda Asset Management Llc, which manages about $286.18M and $109.07M US Long portfolio, upped its stake in Uniti Group Inc by 179,500 shares to 329,500 shares, valued at $4.83 million in 2017Q3, according to the filing. It also increased its holding in Global Net Lease Inc by 15,000 shares in the quarter, for a total of 135,381 shares, and has risen its stake in Spirit Rlty Cap Inc New (NYSE:SRC).

Among 6 analysts covering City Office REIT (NYSE:CIO), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. City Office REIT had 12 analyst reports since August 19, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, May 12 by Compass Point. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, August 19 report. The company was maintained on Friday, August 5 by Compass Point. The firm earned “Hold” rating on Wednesday, January 10 by Deutsche Bank. Deutsche Bank maintained City Office REIT, Inc. (NYSE:CIO) on Monday, July 18 with “Buy” rating. The company was initiated on Tuesday, May 31 by Deutsche Bank. Wunderlich maintained City Office REIT, Inc. (NYSE:CIO) rating on Friday, August 5. Wunderlich has “Buy” rating and $15 target. The company was upgraded on Monday, August 24 by Zacks.

Analysts await City Office REIT, Inc. (NYSE:CIO) to report earnings on March, 1 before the open. They expect $0.27 earnings per share, up 17.39% or $0.04 from last year’s $0.23 per share. CIO’s profit will be $9.72M for 9.79 P/E if the $0.27 EPS becomes a reality. After $0.19 actual earnings per share reported by City Office REIT, Inc. for the previous quarter, Wall Street now forecasts 42.11% EPS growth.

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