Fiera Capital Lowered Owens Corning New (OC) Position as Market Value Declined; Intrexon (XON) Holder Iridian Asset Management Increased Position by $9.11 Million as Valuation Rose

April 17, 2018 - By Peter Erickson

Owens Corning (NYSE:OC) Logo

Fiera Capital Corp decreased its stake in Owens Corning New (OC) by 3.6% based on its latest 2017Q4 regulatory filing with the SEC. Fiera Capital Corp sold 11,349 shares as the company’s stock declined 11.77% with the market. The institutional investor held 304,247 shares of the industrial machinery and components company at the end of 2017Q4, valued at $27.97M, down from 315,596 at the end of the previous reported quarter. Fiera Capital Corp who had been investing in Owens Corning New for a number of months, seems to be less bullish one the $9.14 billion market cap company. The stock increased 0.85% or $0.69 during the last trading session, reaching $81.84. About 26,986 shares traded. Owens Corning (NYSE:OC) has risen 32.24% since April 17, 2017 and is uptrending. It has outperformed by 20.69% the S&P500.

David Cohen increased its stake in Intrexon Corp (XON) by 22.45% based on its latest 2017Q4 regulatory filing with the SEC. Iridian Asset Management Llc bought 828,368 shares as the company’s stock rose 37.01% while stock markets declined. The hedge fund run by David Cohen held 4.52 million shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $52.05 million, up from 3.69M at the end of the previous reported quarter. Iridian Asset Management Llc who had been investing in Intrexon Corp for a number of months, seems to be bullish on the $2.43 billion market cap company. The stock decreased 0.16% or $0.03 during the last trading session, reaching $18.83. About 42,039 shares traded. Intrexon Corporation (NYSE:XON) has declined 19.93% since April 17, 2017 and is downtrending. It has underperformed by 31.48% the S&P500.

Among 7 analysts covering Intrexon (NYSE:XON), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Intrexon had 20 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Mizuho on Monday, January 25. The firm earned “Buy” rating on Tuesday, August 11 by Wunderlich. As per Tuesday, August 11, the company rating was downgraded by JP Morgan. The company was maintained on Friday, November 10 by Northland Capital. The rating was maintained by Stifel Nicolaus on Wednesday, April 5 with “Buy”. As per Monday, September 21, the company rating was initiated by Stifel Nicolaus. Northland Capital maintained Intrexon Corporation (NYSE:XON) on Friday, March 2 with “Buy” rating. JMP Securities initiated the shares of XON in report on Tuesday, May 3 with “Market Outperform” rating. As per Friday, March 2, the company rating was maintained by Bank of America. Mizuho upgraded it to “Neutral” rating and $42 target in Wednesday, November 11 report.

Iridian Asset Management Llc, which manages about $11.52 billion and $11.89 billion US Long portfolio, decreased its stake in Casey’s General Stores Inc (NASDAQ:CASY) by 381,279 shares to 1.09 million shares, valued at $122.37 million in 2017Q4, according to the filing. It also reduced its holding in S&P Global Inc by 18,530 shares in the quarter, leaving it with 2.19M shares, and cut its stake in Packaging Corp Of America (NYSE:PKG).

Investors sentiment increased to 1.38 in 2017 Q4. Its up 0.18, from 1.2 in 2017Q3. It is positive, as 20 investors sold XON shares while 36 reduced holdings. 27 funds opened positions while 50 raised stakes. 96.48 million shares or 4.39% more from 92.42 million shares in 2017Q3 were reported. Ruggie Cap Group stated it has 100 shares. Citadel Advisors Limited Com has 161,272 shares for 0% of their portfolio. Deutsche Bank & Trust Ag reported 6,794 shares or 0% of all its holdings. Synovus Fin Corporation reported 0.01% stake. Advsrs Asset has 0% invested in Intrexon Corporation (NYSE:XON). Addison Cap reported 17,923 shares. First Eagle Mgmt Ltd Limited Liability Company has invested 0.03% in Intrexon Corporation (NYSE:XON). California State Teachers Retirement System reported 97,002 shares. Vanguard Group Inc invested 0% of its portfolio in Intrexon Corporation (NYSE:XON). 200 are owned by Tru Department Mb Savings Bank N A. Third Security stated it has 57.24% in Intrexon Corporation (NYSE:XON). Sei Invests Comm reported 164,410 shares or 0.01% of all its holdings. First Trust Advsrs Lp has invested 0.06% in Intrexon Corporation (NYSE:XON). Janney Montgomery Scott Ltd Liability Corp, a Pennsylvania-based fund reported 170,328 shares. Walleye Trading Ltd Liability Corp holds 0% in Intrexon Corporation (NYSE:XON) or 16,500 shares.

Since January 19, 2018, it had 1 insider purchase, and 0 sales for $12.50 million activity.

Since March 13, 2018, it had 0 buys, and 2 insider sales for $4.93 million activity. Genis Arnaud also sold $4.84M worth of Owens Corning (NYSE:OC) on Wednesday, March 14.

Analysts await Owens Corning (NYSE:OC) to report earnings on April, 25 before the open. They expect $0.96 EPS, up 12.94% or $0.11 from last year’s $0.85 per share. OC’s profit will be $107.25 million for 21.31 P/E if the $0.96 EPS becomes a reality. After $1.11 actual EPS reported by Owens Corning for the previous quarter, Wall Street now forecasts -13.51% negative EPS growth.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.19, from 1.26 in 2017Q3. It is negative, as 32 investors sold OC shares while 135 reduced holdings. 71 funds opened positions while 107 raised stakes. 99.29 million shares or 1.88% less from 101.20 million shares in 2017Q3 were reported. Menora Mivtachim Hldg Limited stated it has 0.61% of its portfolio in Owens Corning (NYSE:OC). Adirondack Tru holds 0.01% or 120 shares in its portfolio. Fifth Third State Bank stated it has 166,412 shares. Crestpoint Limited Liability Corporation has invested 0.66% in Owens Corning (NYSE:OC). Moreover, First Personal has 0% invested in Owens Corning (NYSE:OC). Andra Ap stated it has 33,700 shares or 0.07% of all its holdings. Weiss Multi invested in 41,886 shares. Pictet Asset Ltd holds 106,900 shares or 0.03% of its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh accumulated 13,851 shares. Sasco Cap Inc Ct, Connecticut-based fund reported 907,203 shares. Hillsdale Mngmt has invested 0.06% in Owens Corning (NYSE:OC). Massachusetts Fincl Ma owns 3.14 million shares. 257 are owned by Cornerstone Advsr. 18,143 are owned by Bnp Paribas Asset Hldg. Public Employees Retirement Systems Of Ohio owns 106,657 shares for 0.05% of their portfolio.

Intrexon Corporation (NYSE:XON) Institutional Positions Chart

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