Connor Clark & Lunn Investment Management LTD Increased Position in Royal Bank Of Scotland Group Adr (RBS) by $8.47 Million as Shares Declined; Sector Gamma As Trimmed Its Position in Patterson Companies (PDCO) by $3.36 Million as Shares Declined

April 25, 2018 - By Clifton Ray

The Royal Bank of Scotland Group plc (NYSE:RBS) Logo

Connor Clark & Lunn Investment Management Ltd increased its stake in Royal Bank Of Scotland Group Adr (RBS) by 110.48% based on its latest 2017Q4 regulatory filing with the SEC. Connor Clark & Lunn Investment Management Ltd bought 1.21M shares as the company’s stock declined 2.67% with the market. The institutional investor held 2.31 million shares of the commercial banks company at the end of 2017Q4, valued at $17.61M, up from 1.10 million at the end of the previous reported quarter. Connor Clark & Lunn Investment Management Ltd who had been investing in Royal Bank Of Scotland Group Adr for a number of months, seems to be bullish on the $45.71 billion market cap company. The stock decreased 0.77% or $0.06 during the last trading session, reaching $7.69. About 32,235 shares traded. The Royal Bank of Scotland Group plc (NYSE:RBS) has risen 20.86% since April 25, 2017 and is uptrending. It has outperformed by 9.31% the S&P500.

Sector Gamma As decreased its stake in Patterson Companies Inc (PDCO) by 23.52% based on its latest 2017Q4 regulatory filing with the SEC. Sector Gamma As sold 93,200 shares as the company’s stock declined 40.18% with the market. The institutional investor held 303,132 shares of the health care company at the end of 2017Q4, valued at $10.95M, down from 396,332 at the end of the previous reported quarter. Sector Gamma As who had been investing in Patterson Companies Inc for a number of months, seems to be less bullish one the $2.09 billion market cap company. The stock decreased 0.88% or $0.2 during the last trading session, reaching $22.6. About 57,196 shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 51.49% since April 25, 2017 and is downtrending. It has underperformed by 63.04% the S&P500.

Among 21 analysts covering Royal Bank of Scotland Group plc (ADR) (NYSE:RBS), 7 have Buy rating, 1 Sell and 13 Hold. Therefore 33% are positive. Royal Bank of Scotland Group plc (ADR) had 38 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, March 17 by Natixis. Societe Generale downgraded the shares of RBS in report on Monday, June 27 to “Sell” rating. The company was downgraded on Monday, September 12 by Investec. Bernstein downgraded the stock to “Mkt Perform” rating in Tuesday, January 2 report. The stock of The Royal Bank of Scotland Group plc (NYSE:RBS) earned “Outperform” rating by Macquarie Research on Monday, April 24. The stock has “Buy” rating by Investec on Wednesday, July 29. The firm has “Hold” rating by Societe Generale given on Wednesday, September 2. The rating was downgraded by RBC Capital Markets on Monday, June 27 to “Underperform”. The rating was downgraded by Jefferies to “Hold” on Monday, June 27. As per Wednesday, April 19, the company rating was upgraded by JP Morgan.

Connor Clark & Lunn Investment Management Ltd, which manages about $26.75 billion and $17.13B US Long portfolio, decreased its stake in Korn Ferry International (NYSE:KFY) by 19,900 shares to 9,450 shares, valued at $391,000 in 2017Q4, according to the filing. It also reduced its holding in Rayonier Advanced Materials (NYSE:RYAM) by 125,524 shares in the quarter, leaving it with 907,317 shares, and cut its stake in Rio Tinto Plc (NYSE:RIO).

Investors sentiment decreased to 1 in Q4 2017. Its down 0.25, from 1.25 in 2017Q3. It turned negative, as 57 investors sold PDCO shares while 113 reduced holdings. 66 funds opened positions while 104 raised stakes. 87.24 million shares or 1.30% less from 88.39 million shares in 2017Q3 were reported. Stevens Capital Mngmt Lp stated it has 43,012 shares. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 7,368 shares. Gotham Asset Mngmt Limited Liability Corporation holds 116,605 shares or 0.06% of its portfolio. First Republic Invest Management holds 0.01% or 25,294 shares in its portfolio. The Ohio-based Gateway Advisers Limited Liability Company has invested 0.05% in Patterson Companies, Inc. (NASDAQ:PDCO). Peak6 Invs Limited Partnership holds 0.01% or 31,220 shares. Fdx Advsr owns 0.06% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 59,418 shares. Geode Capital Mngmt Ltd Com holds 1.04 million shares or 0.01% of its portfolio. Bahl Gaynor Incorporated has 0.02% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 56,638 shares. Ngam LP reported 122,570 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.23% in Patterson Companies, Inc. (NASDAQ:PDCO). Amer Assets Management Ltd Llc stated it has 0.05% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). South Dakota Invest Council invested 0.06% in Patterson Companies, Inc. (NASDAQ:PDCO). Tiaa Cref Invest Mngmt Limited Liability, New York-based fund reported 215,181 shares. Landscape Cap Mngmt Ltd Llc owns 9,382 shares.

Analysts await Patterson Companies, Inc. (NASDAQ:PDCO) to report earnings on May, 24. They expect $0.31 EPS, down 55.07% or $0.38 from last year’s $0.69 per share. PDCO’s profit will be $28.65M for 18.23 P/E if the $0.31 EPS becomes a reality. After $0.43 actual EPS reported by Patterson Companies, Inc. for the previous quarter, Wall Street now forecasts -27.91% negative EPS growth.

Sector Gamma As, which manages about $594.94 million US Long portfolio, upped its stake in Lexicon Pharmaceuticals Inc by 99,739 shares to 837,192 shares, valued at $8.27 million in 2017Q4, according to the filing. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 22,200 shares in the quarter, for a total of 357,890 shares, and has risen its stake in Astrazeneca Plc (NYSE:AZN).

Patterson Companies, Inc. (NASDAQ:PDCO) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>