Iconix Brand Group (ICON) Shareholder Pomelo Capital Lowered Its Holding; Boys Arnold & Co Position in Altria Group (MO) Raised by $798,963

April 17, 2018 - By Vivian Park

Altria Group, Inc. (NYSE:MO) Logo

Boys Arnold & Co Inc increased its stake in Altria Group Inc (MO) by 36.54% based on its latest 2017Q4 regulatory filing with the SEC. Boys Arnold & Co Inc bought 11,253 shares as the company’s stock declined 15.83% with the market. The institutional investor held 42,048 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $3.00 million, up from 30,795 at the end of the previous reported quarter. Boys Arnold & Co Inc who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $121.45 billion market cap company. The stock decreased 0.22% or $0.14 during the last trading session, reaching $64.11. About 871,019 shares traded. Altria Group, Inc. (NYSE:MO) has declined 17.05% since April 17, 2017 and is downtrending. It has underperformed by 28.60% the S&P500.

Philip Rosenstrach decreased its stake in Iconix Brand Group Inc (ICON) by 34.35% based on its latest 2017Q4 regulatory filing with the SEC. Pomelo Capital Llc sold 1.53M shares as the company’s stock declined 12.78% with the market. The hedge fund run by Philip Rosenstrach held 2.92M shares of the consumer non-durables company at the end of 2017Q4, valued at $3.77 million, down from 4.45 million at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Iconix Brand Group Inc for a number of months, seems to be less bullish one the $58.04M market cap company. The stock decreased 5.71% or $0.06 during the last trading session, reaching $0.91. About 832,622 shares traded. Iconix Brand Group, Inc. (NASDAQ:ICON) has declined 83.62% since April 17, 2017 and is downtrending. It has underperformed by 95.17% the S&P500.

Among 20 analysts covering Altria Group Inc. (NYSE:MO), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Altria Group Inc. had 60 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, October 3 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, December 19 by Berenberg. Argus Research upgraded the shares of MO in report on Monday, May 9 to “Buy” rating. Edward Jones upgraded the stock to “Buy” rating in Wednesday, November 1 report. Piper Jaffray maintained the stock with “Buy” rating in Thursday, February 1 report. Jefferies initiated it with “Hold” rating and $70 target in Wednesday, September 21 report. The company was maintained on Thursday, March 30 by Barclays Capital. Bank of America upgraded the stock to “Buy” rating in Wednesday, January 4 report. The stock has “Buy” rating by Piper Jaffray on Thursday, October 26. As per Monday, July 31, the company rating was maintained by Wells Fargo.

Boys Arnold & Co Inc, which manages about $1.02B and $665.51 million US Long portfolio, decreased its stake in Celgene Corp (NASDAQ:CELG) by 3,874 shares to 18,186 shares, valued at $1.90 million in 2017Q4, according to the filing. It also reduced its holding in Sherwin Williams Co (NYSE:SHW) by 3,781 shares in the quarter, leaving it with 3,656 shares, and cut its stake in Aetna Inc New (NYSE:AET).

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.04, from 0.89 in 2017Q3. It improved, as 63 investors sold MO shares while 521 reduced holdings. 134 funds opened positions while 410 raised stakes. 1.16 billion shares or 1.13% less from 1.17 billion shares in 2017Q3 were reported. Cape Cod Five Cents Financial Bank invested in 10,207 shares or 0.11% of the stock. Chesley Taft Assocs Limited Liability Corporation has 0.03% invested in Altria Group, Inc. (NYSE:MO). 3,383 are owned by Weybosset And Mgmt Ltd. Commerzbank Aktiengesellschaft Fi invested in 1.67M shares or 1.48% of the stock. Orleans Capital Mngmt La accumulated 3,477 shares or 0.18% of the stock. Sandhill Cap Prtn Limited Liability Corporation holds 0.1% of its portfolio in Altria Group, Inc. (NYSE:MO) for 7,862 shares. Intrust National Bank Na stated it has 22,015 shares. Cap Research Glob Investors owns 43.32M shares or 0.91% of their US portfolio. Private Ocean Limited Com holds 1,467 shares or 0.06% of its portfolio. Gulf Bankshares (Uk) Limited has 39,953 shares. Crawford Invest Counsel invested 0.67% of its portfolio in Altria Group, Inc. (NYSE:MO). Colonial Trust Advisors stated it has 17,942 shares. Cue Fincl Grp Inc holds 0.75% of its portfolio in Altria Group, Inc. (NYSE:MO) for 15,941 shares. Victory Capital Mngmt holds 430,630 shares or 0.06% of its portfolio. Moreover, Catawba Cap Mngmt Va has 0.15% invested in Altria Group, Inc. (NYSE:MO) for 9,074 shares.

Since February 7, 2018, it had 0 insider purchases, and 4 sales for $1.82 million activity. 3,464 shares were sold by Quigley Brian W., worth $216,154 on Friday, March 2. SURGNER W HILDEBRANDT JR sold $199,488 worth of stock. Dillard James E III had sold 6,500 shares worth $410,313 on Friday, February 9.

Among 9 analysts covering Iconix Brand Group (NASDAQ:ICON), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Iconix Brand Group had 21 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 11 by TH Capital. As per Monday, October 30, the company rating was downgraded by FBR Capital. The firm has “Buy” rating given on Friday, August 7 by Brean Capital. The stock has “Buy” rating by Monness Crespi & Hardt on Wednesday, August 12. Roth Capital downgraded the shares of ICON in report on Tuesday, October 31 to “Neutral” rating. The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) earned “Hold” rating by Cowen & Co on Monday, August 14. As per Wednesday, August 9, the company rating was maintained by Roth Capital. The firm earned “Hold” rating on Wednesday, September 27 by Cowen & Co. Wunderlich downgraded the shares of ICON in report on Friday, August 7 to “Hold” rating. The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) has “Buy” rating given on Wednesday, November 11 by Roth Capital.

Investors sentiment decreased to 0.52 in 2017 Q4. Its down 0.40, from 0.92 in 2017Q3. It dropped, as 45 investors sold ICON shares while 34 reduced holdings. 23 funds opened positions while 18 raised stakes. 38.84 million shares or 19.63% less from 48.32 million shares in 2017Q3 were reported. Renaissance Tech Ltd Liability Com reported 54,900 shares. Jpmorgan Chase Com has 213,246 shares. California Public Employees Retirement has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). The Japan-based Nomura Holdg Inc has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). The Texas-based Smith Graham Invest Advsr Limited Partnership has invested 0.25% in Iconix Brand Group, Inc. (NASDAQ:ICON). New York-based Morgan Stanley has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). 1,687 were reported by Meeder Asset Mngmt. California State Teachers Retirement System has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Bridgeway Capital reported 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Ubs Asset Americas reported 0% stake. Permit Cap Limited Liability Co reported 1.04% of its portfolio in Iconix Brand Group, Inc. (NASDAQ:ICON). Susquehanna Intll Grp Llp reported 0% stake. Rhumbline Advisers invested in 53,314 shares or 0% of the stock. Natl Bank Of Montreal Can reported 0% of its portfolio in Iconix Brand Group, Inc. (NASDAQ:ICON). Us Bank & Trust De invested 0% of its portfolio in Iconix Brand Group, Inc. (NASDAQ:ICON).

Iconix Brand Group, Inc. (NASDAQ:ICON) Institutional Positions Chart

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