As Metlife (MET) Share Value Declined, Holder Benin Management Has Increased Its Holding; Mercadolibre (MELI) Shares Rose While Sustainable Growth Advisers LP Has Lifted Position

January 14, 2018 - By Winifred Garcia

Benin Management Corp increased its stake in Metlife Inc (MET) by 302.98% based on its latest 2017Q3 regulatory filing with the SEC. Benin Management Corp bought 12,725 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 16,925 shares of the finance company at the end of 2017Q3, valued at $879,000, up from 4,200 at the end of the previous reported quarter. Benin Management Corp who had been investing in Metlife Inc for a number of months, seems to be bullish on the $56.12 billion market cap company. The stock decreased 0.30% or $0.16 during the last trading session, reaching $53.33. About 5.48 million shares traded or 27.99% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since January 14, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Sustainable Growth Advisers Lp increased its stake in Mercadolibre Inc (MELI) by 92.82% based on its latest 2017Q3 regulatory filing with the SEC. Sustainable Growth Advisers Lp bought 105,356 shares as the company’s stock rose 37.36% with the market. The institutional investor held 218,864 shares of the miscellaneous company at the end of 2017Q3, valued at $56.67 million, up from 113,508 at the end of the previous reported quarter. Sustainable Growth Advisers Lp who had been investing in Mercadolibre Inc for a number of months, seems to be bullish on the $15.12B market cap company. The stock increased 0.13% or $0.45 during the last trading session, reaching $342.47. About 305,334 shares traded. Mercadolibre, Inc. (NASDAQ:MELI) has risen 106.82% since January 14, 2017 and is uptrending. It has outperformed by 90.12% the S&P500.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It is negative, as 61 investors sold MET shares while 336 reduced holdings. 65 funds opened positions while 289 raised stakes. 784.85 million shares or 1.65% more from 772.09 million shares in 2017Q2 were reported. 101,449 are owned by Wallington Asset Mgmt Ltd Liability Corp. Ubs Asset Americas has 6.14 million shares. Thompson Davis And reported 139 shares or 0.01% of all its holdings. Gemmer Asset Mgmt Lc has 0.01% invested in MetLife, Inc. (NYSE:MET). Lombard Odier Asset Mgmt (Switzerland) Sa holds 4,818 shares or 0.02% of its portfolio. Lumbard And Kellner Limited reported 141,753 shares. Atria Investments Ltd Liability Company has 0.06% invested in MetLife, Inc. (NYSE:MET). Moreover, Oarsman Cap Incorporated has 0.69% invested in MetLife, Inc. (NYSE:MET). Argyle Mgmt Inc holds 51,425 shares. Ferguson Wellman Cap Mgmt holds 0.5% or 264,515 shares. Fagan Associate stated it has 38,107 shares or 0.98% of all its holdings. Pathstone Family Office Lc invested in 159 shares or 0.01% of the stock. Commerce National Bank, Missouri-based fund reported 29,939 shares. California Employees Retirement Systems holds 0.19% or 2.44M shares in its portfolio. Baldwin Brothers Ma owns 106,333 shares or 0.89% of their US portfolio.

Among 16 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. MetLife had 46 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Neutral” rating by FBR Capital on Tuesday, October 10. On Monday, June 27 the stock rating was upgraded by Sandler O’Neill to “Buy”. The firm has “Buy” rating given on Friday, August 4 by RBC Capital Markets. The stock of MetLife, Inc. (NYSE:MET) has “Hold” rating given on Monday, July 24 by J.P. Morgan. The firm has “Hold” rating by Sandler O’Neill given on Friday, November 10. The company was upgraded on Thursday, January 14 by Macquarie Research. The stock of MetLife, Inc. (NYSE:MET) has “Buy” rating given on Friday, November 3 by RBC Capital Markets. The stock has “Mkt Perform” rating by FBR Capital on Monday, November 28. The stock of MetLife, Inc. (NYSE:MET) earned “Buy” rating by Wells Fargo on Wednesday, June 28. The firm has “Buy” rating given on Monday, July 10 by Wells Fargo.

Benin Management Corp, which manages about $278.88 million and $248.13 million US Long portfolio, decreased its stake in Pnc Finl Svcs Group Inc (NYSE:PNC) by 2,600 shares to 49,753 shares, valued at $6.71M in 2017Q3, according to the filing. It also reduced its holding in Allstate Corp (NYSE:ALL) by 3,400 shares in the quarter, leaving it with 118,227 shares, and cut its stake in Fedex Corp (NYSE:FDX).

Sustainable Growth Advisers Lp, which manages about $6.01B and $7.33B US Long portfolio, decreased its stake in Jb Hunt Transport Services Inc (NASDAQ:JBHT) by 86,018 shares to 1.53 million shares, valued at $169.88M in 2017Q3, according to the filing. It also reduced its holding in Fomento Economico Mexicano Sab (NYSE:FMX) by 14,825 shares in the quarter, leaving it with 596,205 shares, and cut its stake in State Street Corp (NYSE:STT).

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.21, from 1.37 in 2017Q2. It dropped, as 42 investors sold MELI shares while 92 reduced holdings. 46 funds opened positions while 109 raised stakes. 35.73 million shares or 0.12% less from 35.78 million shares in 2017Q2 were reported. Ig Inv Mgmt Ltd has 0.01% invested in Mercadolibre, Inc. (NASDAQ:MELI) for 4,200 shares. Ashford Cap Mngmt has 0.08% invested in Mercadolibre, Inc. (NASDAQ:MELI). Hanseatic Management Services accumulated 32 shares. Creative Planning owns 0% invested in Mercadolibre, Inc. (NASDAQ:MELI) for 2,157 shares. L And S invested 0.14% in Mercadolibre, Inc. (NASDAQ:MELI). Macquarie Gp Limited invested 0% in Mercadolibre, Inc. (NASDAQ:MELI). Driehaus Cap Limited Liability Com accumulated 0.82% or 81,409 shares. Timber Hill Limited Liability invested in 0.02% or 1,015 shares. Blackrock holds 1.27M shares or 0.02% of its portfolio. Cornerstone Advisors Incorporated stated it has 156 shares or 0.03% of all its holdings. Fiera Cap reported 193,307 shares. 9,443 were accumulated by United Services Automobile Association. Guardian reported 144,406 shares. Glynn Limited owns 38,743 shares. Geode Limited Liability Company reported 0.01% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI).

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. MercadoLibre had 35 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Piper Jaffray given on Friday, August 5. Cowen & Co initiated the shares of MELI in report on Monday, April 25 with “Market Perform” rating. The firm earned “Underweight” rating on Friday, October 28 by Morgan Stanley. The firm has “Buy” rating given on Thursday, July 13 by Piper Jaffray. The firm earned “Buy” rating on Monday, January 30 by Bank of America. The rating was maintained by JP Morgan with “Neutral” on Monday, March 14. On Wednesday, December 20 the stock rating was downgraded by Citigroup to “Sell”. The firm has “Overweight” rating given on Wednesday, July 19 by Barclays Capital. The stock has “Neutral” rating by Goldman Sachs on Tuesday, August 9. The rating was downgraded by Citigroup on Monday, September 28 to “Sell”.

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