Evercore (EVR) Share Value Rose While Pier Capital Has Raised Stake by $1.13 Million; As American Vanguard (AVD) Stock Value Rose, Cove Street Capital Decreased Its Position by $994,000

June 14, 2018 - By mmahotstuff

Evercore Inc. (NYSE:EVR) Logo

Pier Capital Llc increased its stake in Evercore Inc (EVR) by 18.93% based on its latest 2018Q1 regulatory filing with the SEC. Pier Capital Llc bought 12,990 shares as the company’s stock rose 15.16% while stock markets declined. The institutional investor held 81,625 shares of the investment managers company at the end of 2018Q1, valued at $7.12M, up from 68,635 at the end of the previous reported quarter. Pier Capital Llc who had been investing in Evercore Inc for a number of months, seems to be bullish on the $4.82B market cap company. The stock decreased 0.18% or $0.2 during the last trading session, reaching $110.6. About 273,213 shares traded. Evercore Inc. (NYSE:EVR) has risen 56.56% since June 14, 2017 and is uptrending. It has outperformed by 43.99% the S&P500. Some Historical EVR News: 28/03/2018 David’s Bridal in talks to tap Evercore for debt restructuring; 17/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Farm equipment and Pepperidge Farm earnings

Jeffrey Bronchick decreased its stake in American Vanguard Corp (AVD) by 4.96% based on its latest 2018Q1 regulatory filing with the SEC. Cove Street Capital Llc sold 49,700 shares as the company’s stock rose 4.90% while stock markets declined. The hedge fund run by Jeffrey Bronchick held 952,039 shares of the agricultural chemicals company at the end of 2018Q1, valued at $19.23M, down from 1.00 million at the end of the previous reported quarter. Cove Street Capital Llc who had been investing in American Vanguard Corp for a number of months, seems to be less bullish one the $671.98 million market cap company. The stock decreased 0.22% or $0.05 during the last trading session, reaching $22.5. About 22,197 shares traded. American Vanguard Corporation (NYSE:AVD) has risen 23.70% since June 14, 2017 and is uptrending. It has outperformed by 11.13% the S&P500. Some Historical AVD News: 08/05/2018 – AMERICAN VANGUARD CORP QTRLY EARNINGS PER DILUTED SHARE OF $0.16; 23/03/2018 – American Vanguard Closes Below 50-Day Moving Average; 09/03/2018 American Vanguard Closes Above 200-Day Average: Technicals; 19/04/2018 – DJ American Vanguard Corporation, Inst Holders, 1Q 2018 (AVD); 12/03/2018 – American Vanguard 4Q EPS 28c; 13/03/2018 – American Vanguard Declares Quarterly Dividend; 13/03/2018 – American Vanguard Closes Above 50-Day Moving Average; 28/03/2018 – American Vanguard at Non-Deal Roadshow Hosted By SunTrust Today; 21/03/2018 – American Vanguard Non-Deal Roadshow Set By SunTrust for Mar. 28; 08/05/2018 – American Vanguard 1Q EPS 16c

Another recent and important Evercore Inc. (NYSE:EVR) news was published by Themiddlemarket.com which published an article titled: “M&A daily wrap: Middleby, Taylor, United Technologies, Campbell Soup, IHS Markit, Ipreo, Blackstone” on May 21, 2018.

Among 11 analysts covering Evercore Partners (NYSE:EVR), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Evercore Partners had 29 analyst reports since September 8, 2015 according to SRatingsIntel. On Friday, November 18 the stock rating was downgraded by JMP Securities to “Mkt Perform”. The rating was upgraded by Goldman Sachs to “Conviction Buy” on Tuesday, January 12. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 27. As per Wednesday, December 14, the company rating was initiated by Bank of America. Sandler O’Neill maintained the stock with “Buy” rating in Wednesday, January 31 report. As per Tuesday, May 23, the company rating was downgraded by Goldman Sachs. The firm has “Positive” rating given on Monday, October 12 by Susquehanna. The stock of Evercore Inc. (NYSE:EVR) earned “Neutral” rating by Instinet on Monday, February 13. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The rating was maintained by Nomura with “Neutral” on Friday, November 3.

Pier Capital Llc, which manages about $585.14M US Long portfolio, decreased its stake in Lumentum Holdings Inc by 11,795 shares to 52,446 shares, valued at $3.35M in 2018Q1, according to the filing. It also reduced its holding in Ollies Bargain Outlet Holdings by 32,431 shares in the quarter, leaving it with 108,491 shares, and cut its stake in John Bean Technologies Corpora (NYSE:JBT).

Since February 1, 2018, it had 0 insider purchases, and 12 sales for $59.70 million activity. $2.12 million worth of Evercore Inc. (NYSE:EVR) was sold by Walsh Robert B. The insider Pensa Paul sold 1,396 shares worth $129,548. $13.34 million worth of Evercore Inc. (NYSE:EVR) was sold by Altman Roger C on Thursday, February 1. 17,665 shares valued at $1.81M were sold by Arellano Ostoa Augusto on Tuesday, May 1. SIBBALD ANDREW sold 1,336 shares worth $129,612. On Friday, May 4 the insider Klurfeld Jason sold $73,851.

Investors sentiment increased to 1.18 in Q1 2018. Its up 0.15, from 1.03 in 2017Q4. It is positive, as 25 investors sold EVR shares while 103 reduced holdings. 54 funds opened positions while 97 raised stakes. 36.89 million shares or 0.99% more from 36.53 million shares in 2017Q4 were reported. Millennium Mgmt Ltd Liability owns 332,366 shares. Asset Mngmt holds 0.02% in Evercore Inc. (NYSE:EVR) or 15,116 shares. 8,335 were accumulated by Cornercap Investment Counsel. Wellington Management Gru Limited Liability Partnership owns 532,774 shares. Blackrock Inc has invested 0.02% of its portfolio in Evercore Inc. (NYSE:EVR). Balyasny Asset Management Limited Co invested in 23,850 shares or 0.01% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Evercore Inc. (NYSE:EVR). Tradewinds Capital Management Limited Liability, Washington-based fund reported 55 shares. Guggenheim Cap Limited Liability Corp invested in 0.03% or 152,122 shares. Hillcrest Asset Mngmt Ltd Co invested in 106,223 shares. Cornerstone holds 268 shares. Cypress Cap Mngmt Limited Com (Wy) has invested 0.02% in Evercore Inc. (NYSE:EVR). Oppenheimer Asset Incorporated stated it has 0.02% of its portfolio in Evercore Inc. (NYSE:EVR). Jefferies Group Limited Liability Corporation has 2,414 shares for 0% of their portfolio. 106,340 were reported by Barclays Plc.

Analysts await American Vanguard Corporation (NYSE:AVD) to report earnings on July, 30. They expect $0.17 earnings per share, up 13.33% or $0.02 from last year’s $0.15 per share. AVD’s profit will be $5.08 million for 33.09 P/E if the $0.17 EPS becomes a reality. After $0.16 actual earnings per share reported by American Vanguard Corporation for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.20, from 1.08 in 2017Q4. It dived, as 13 investors sold AVD shares while 45 reduced holdings. 19 funds opened positions while 32 raised stakes. 22.78 million shares or 0.79% more from 22.60 million shares in 2017Q4 were reported. Moreover, Geode Cap Management Lc has 0% invested in American Vanguard Corporation (NYSE:AVD) for 224,348 shares. First Tru Advsr LP holds 0% in American Vanguard Corporation (NYSE:AVD) or 25,185 shares. State Teachers Retirement has 37,961 shares. Tower Research Capital Ltd Liability Com (Trc) stated it has 0.02% in American Vanguard Corporation (NYSE:AVD). Commerce Of Virginia Va accumulated 199,720 shares or 0.58% of the stock. Parallax Volatility Advisers Limited Partnership owns 300 shares or 0% of their US portfolio. Ameriprise Fincl Inc holds 0% of its portfolio in American Vanguard Corporation (NYSE:AVD) for 136,840 shares. American Grp invested in 18,359 shares or 0% of the stock. Barclays Public Ltd invested in 22,075 shares. Hotchkis & Wiley Cap Mgmt Limited Liability, a California-based fund reported 87,004 shares. Schwab Charles Investment Mngmt Incorporated has 0% invested in American Vanguard Corporation (NYSE:AVD). State Street has 0% invested in American Vanguard Corporation (NYSE:AVD) for 693,746 shares. Oppenheimer Asset Inc has 0.02% invested in American Vanguard Corporation (NYSE:AVD) for 35,484 shares. Federated Pa stated it has 0% of its portfolio in American Vanguard Corporation (NYSE:AVD). Jpmorgan Chase & has 210,672 shares.

Since May 1, 2018, it had 0 insider purchases, and 2 sales for $286,138 activity. Porpiglia Peter had sold 2,800 shares worth $65,716.

Among 5 analysts covering American Vanguard Corp. (NYSE:AVD), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. American Vanguard Corp. had 19 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of American Vanguard Corporation (NYSE:AVD) earned “Neutral” rating by Piper Jaffray on Monday, November 28. Piper Jaffray maintained American Vanguard Corporation (NYSE:AVD) on Tuesday, November 3 with “Neutral” rating. The stock has “Buy” rating by Roth Capital on Tuesday, August 1. Roth Capital upgraded the shares of AVD in report on Monday, January 23 to “Buy” rating. Piper Jaffray maintained the shares of AVD in report on Monday, September 4 with “Hold” rating. As per Friday, October 13, the company rating was maintained by SunTrust. Roth Capital maintained American Vanguard Corporation (NYSE:AVD) rating on Tuesday, September 12. Roth Capital has “Buy” rating and $24.0 target. The rating was downgraded by BB&T Capital to “Hold” on Wednesday, July 13. The firm has “Buy” rating by Roth Capital given on Friday, September 29. The stock has “Hold” rating by Zacks on Wednesday, August 5.

Cove Street Capital Llc, which manages about $763.78 million and $907.30 million US Long portfolio, upped its stake in The Bank Of New York Mellon Co (NYSE:BK) by 37,000 shares to 164,615 shares, valued at $8.48 million in 2018Q1, according to the filing. It also increased its holding in Seacor Marine Holdings Inc by 60,905 shares in the quarter, for a total of 158,600 shares, and has risen its stake in Compass Minerals International (NYSE:CMP).

Evercore Inc. (NYSE:EVR) Institutional Positions Chart

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