Wendell David Associates Increases Position in Procter & Gamble (PG); Matrix Svc Co (MTRX) Shareholder Perritt Capital Management Lifted Position

January 13, 2018 - By Clifton Ray

Wendell David Associates Inc increased its stake in Procter & Gamble (PG) by 12.13% based on its latest 2017Q3 regulatory filing with the SEC. Wendell David Associates Inc bought 12,330 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 114,008 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $10.37M, up from 101,678 at the end of the previous reported quarter. Wendell David Associates Inc who had been investing in Procter & Gamble for a number of months, seems to be bullish on the $227.34B market cap company. The stock decreased 0.60% or $0.54 during the last trading session, reaching $89.61. About 8.11 million shares traded or 20.52% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 13, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Perritt Capital Management Inc increased its stake in Matrix Svc Co (MTRX) by 25.22% based on its latest 2017Q3 regulatory filing with the SEC. Perritt Capital Management Inc bought 80,000 shares as the company’s stock declined 48.70% while stock markets rallied. The institutional investor held 397,158 shares of the engineering & construction company at the end of 2017Q3, valued at $6.04 million, up from 317,158 at the end of the previous reported quarter. Perritt Capital Management Inc who had been investing in Matrix Svc Co for a number of months, seems to be bullish on the $533.63M market cap company. The stock decreased 0.25% or $0.05 during the last trading session, reaching $19.95. About 293,557 shares traded or 12.63% up from the average. Matrix Service Company (NASDAQ:MTRX) has declined 43.23% since January 13, 2017 and is downtrending. It has underperformed by 59.93% the S&P500.

Among 9 analysts covering Matrix Service (NASDAQ:MTRX), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Matrix Service had 14 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Matrix Service Company (NASDAQ:MTRX) has “Buy” rating given on Wednesday, January 13 by Citigroup. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Thursday, February 11. The stock of Matrix Service Company (NASDAQ:MTRX) earned “Buy” rating by TheStreet on Wednesday, September 2. The rating was maintained by KeyBanc Capital Markets on Friday, August 25 with “Hold”. The firm has “Sell” rating by Zacks given on Tuesday, September 1. The stock of Matrix Service Company (NASDAQ:MTRX) has “Market Perform” rating given on Friday, November 18 by Avondale. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, October 3. Avondale upgraded the shares of MTRX in report on Friday, May 6 to “Mkt Outperform” rating. DA Davidson initiated the shares of MTRX in report on Friday, September 18 with “Buy” rating. The firm has “Buy” rating given on Wednesday, September 2 by Stifel Nicolaus.

Since December 15, 2017, it had 0 buys, and 1 sale for $88,275 activity.

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.31, from 0.89 in 2017Q2. It increased, as 13 investors sold MTRX shares while 38 reduced holdings. 20 funds opened positions while 41 raised stakes. 22.74 million shares or 2.68% more from 22.15 million shares in 2017Q2 were reported. Petrus Lta holds 11,937 shares. Nationwide Fund Advsrs holds 0% or 57,730 shares in its portfolio. Northern holds 0% or 777,713 shares. 16,065 are held by Foundry Prtn Limited. Adirondack & Mgmt Incorporated has 0.9% invested in Matrix Service Company (NASDAQ:MTRX). Swiss Commercial Bank holds 46,700 shares or 0% of its portfolio. Strs Ohio has 0% invested in Matrix Service Company (NASDAQ:MTRX). Renaissance Techs reported 0% in Matrix Service Company (NASDAQ:MTRX). Ameritas Partners Inc, Nebraska-based fund reported 2,252 shares. Parametric Portfolio Limited Liability Company accumulated 0% or 197,221 shares. Prudential Finance holds 0% in Matrix Service Company (NASDAQ:MTRX) or 57,612 shares. Legal And General Gru Plc reported 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX). Advisory Svcs Networks Limited Liability Com, Georgia-based fund reported 128 shares. Group One Trading Limited Partnership has invested 0% in Matrix Service Company (NASDAQ:MTRX). Royal Bancorporation Of Canada has invested 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX).

Perritt Capital Management Inc, which manages about $709.62 million and $380.50M US Long portfolio, decreased its stake in Hudson Technologies Inc (NASDAQ:HDSN) by 270,000 shares to 784,050 shares, valued at $6.12M in 2017Q3, according to the filing. It also reduced its holding in Gp Strategies Corp (NYSE:GPX) by 26,625 shares in the quarter, leaving it with 126,042 shares, and cut its stake in Systemax Inc (NYSE:SYX).

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.12, from 0.94 in 2017Q2. It dropped, as 51 investors sold PG shares while 765 reduced holdings. 110 funds opened positions while 558 raised stakes. 1.50 billion shares or 1.10% more from 1.48 billion shares in 2017Q2 were reported. Capital Rech Invsts owns 0.34% invested in The Procter & Gamble Company (NYSE:PG) for 12.39 million shares. Sol invested 0.52% in The Procter & Gamble Company (NYSE:PG). Barrow Hanley Mewhinney Strauss Ltd Limited Liability Company holds 762 shares. Roanoke Asset Mgmt Corporation New York reported 0.32% of its portfolio in The Procter & Gamble Company (NYSE:PG). Stanley stated it has 28,915 shares. Fincl Advantage Inc reported 100 shares. Somerset Group Ltd Llc has 0.27% invested in The Procter & Gamble Company (NYSE:PG). 1.18 million are owned by Banque Pictet & Cie. Chilton Ltd Liability owns 2,909 shares or 0.01% of their US portfolio. Atlantic Trust Gru Lc, Georgia-based fund reported 498,092 shares. Stack Fin Management has invested 0.95% of its portfolio in The Procter & Gamble Company (NYSE:PG). Dodge Cox invested 0.01% in The Procter & Gamble Company (NYSE:PG). Timber Creek Mngmt Lc owns 11,145 shares for 0.68% of their portfolio. S&Co Incorporated reported 19,607 shares. Cardinal Cap Mgmt invested in 48,926 shares or 1.41% of the stock.

Wendell David Associates Inc, which manages about $664.31M and $565.93 million US Long portfolio, decreased its stake in Stericycle (NASDAQ:SRCL) by 4,525 shares to 25,207 shares, valued at $1.81 million in 2017Q3, according to the filing. It also reduced its holding in Exxonmobil (NYSE:XOM) by 7,865 shares in the quarter, leaving it with 135,541 shares, and cut its stake in Automatic Data Processing (NASDAQ:ADP).

Since August 15, 2017, it had 0 insider buys, and 19 selling transactions for $6.75 million activity. 838 The Procter & Gamble Company (NYSE:PG) shares with value of $77,130 were sold by Abdelfattah Mohamed Samir Abdelrazek. $244,828 worth of stock was sold by Biegger Mark F on Tuesday, August 15. $154,168 worth of The Procter & Gamble Company (NYSE:PG) shares were sold by Keith R. Alexandra. Shares for $323,891 were sold by Pierce Charles E on Tuesday, August 15. $144,688 worth of The Procter & Gamble Company (NYSE:PG) shares were sold by Fish Kathleen B. Bishop Steven D sold $318,644 worth of stock.

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