As Sysco (SYY) Valuation Rose, Peapack Gladstone Financial Has Upped Its Stake; Transocean LTD (RIG) Holder Midas Management Has Increased Its Position

January 14, 2018 - By Ellis Scott

Midas Management Corp increased its stake in Transocean Ltd (RIG) by 25.2% based on its latest 2017Q3 regulatory filing with the SEC. Midas Management Corp bought 63,000 shares as the company’s stock declined 20.06% while stock markets rallied. The institutional investor held 313,000 shares of the oil & gas production company at the end of 2017Q3, valued at $3.37M, up from 250,000 at the end of the previous reported quarter. Midas Management Corp who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $4.77 billion market cap company. The stock increased 0.66% or $0.08 during the last trading session, reaching $12.2. About 12.02 million shares traded or 4.79% up from the average. Transocean Ltd. (NYSE:RIG) has risen 15.86% since January 14, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Peapack Gladstone Financial Corp increased its stake in Sysco Corp (SYY) by 43.89% based on its latest 2017Q3 regulatory filing with the SEC. Peapack Gladstone Financial Corp bought 66,361 shares as the company’s stock rose 4.26% with the market. The institutional investor held 217,544 shares of the food distributors company at the end of 2017Q3, valued at $11.74B, up from 151,183 at the end of the previous reported quarter. Peapack Gladstone Financial Corp who had been investing in Sysco Corp for a number of months, seems to be bullish on the $31.98 billion market cap company. The stock increased 0.26% or $0.16 during the last trading session, reaching $61.38. About 3.03 million shares traded or 22.71% up from the average. Sysco Corporation (NYSE:SYY) has risen 11.23% since January 14, 2017 and is uptrending. It has underperformed by 5.47% the S&P500.

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 15 have Buy rating, 10 Sell and 15 Hold. Therefore 38% are positive. Transocean Ltd had 101 analyst reports since August 7, 2015 according to SRatingsIntel. Barclays Capital maintained Transocean Ltd. (NYSE:RIG) on Monday, August 7 with “Underweight” rating. Jefferies maintained Transocean Ltd. (NYSE:RIG) on Wednesday, September 28 with “Hold” rating. The rating was upgraded by Credit Suisse to “Neutral” on Friday, September 23. The firm has “Hold” rating by Cowen & Co given on Tuesday, September 5. Citigroup upgraded the shares of RIG in report on Thursday, October 12 to “Buy” rating. The firm has “Sell” rating given on Wednesday, March 16 by Citigroup. The company was initiated on Friday, March 24 by Tudor Pickering. As per Thursday, August 17, the company rating was maintained by Nomura. The firm has “Buy” rating by R. F. Lafferty given on Monday, May 8. On Wednesday, March 9 the stock rating was upgraded by Fearnley to “Reduce”.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.30, from 1.25 in 2017Q2. It dived, as 66 investors sold RIG shares while 107 reduced holdings. 54 funds opened positions while 110 raised stakes. 280.42 million shares or 7.79% more from 260.14 million shares in 2017Q2 were reported. Arrowstreet Capital Partnership owns 0.07% invested in Transocean Ltd. (NYSE:RIG) for 2.48 million shares. Luminus Ltd Liability Corp holds 2.63% of its portfolio in Transocean Ltd. (NYSE:RIG) for 9.24 million shares. Virginia Retirement Et Al has invested 0.01% in Transocean Ltd. (NYSE:RIG). Kistler has invested 0% in Transocean Ltd. (NYSE:RIG). State Treasurer State Of Michigan owns 147,100 shares for 0.01% of their portfolio. Foundation Mngmt has 225,873 shares for 0.4% of their portfolio. Utah Retirement holds 0.02% or 71,900 shares in its portfolio. Louisiana State Employees Retirement System reported 104,400 shares. Glenmede Trust Company Na reported 28,000 shares stake. Commerce National Bank & Trust reported 12,003 shares. Profund Limited Co owns 64,378 shares for 0.03% of their portfolio. New York State Common Retirement Fund reported 961,100 shares. Moreover, Clifford Swan Invest Counsel Ltd Liability has 0.16% invested in Transocean Ltd. (NYSE:RIG) for 242,753 shares. Tcw Grp Inc invested in 59,937 shares. Horseman Capital Mgmt Ltd invested 4.32% of its portfolio in Transocean Ltd. (NYSE:RIG).

Since August 23, 2017, it had 2 insider buys, and 16 sales for $19.62 million activity. The insider DeLaney William J III sold 30,000 shares worth $1.64M. Another trade for 13,334 shares valued at $809,240 was sold by Libby Russell T.. The insider Frank Joshua D. bought 889,561 shares worth $47.75M. The insider PELTZ NELSON sold 372,314 shares worth $19.77 million. Moskowitz Paul T sold $902,018 worth of stock.

Peapack Gladstone Financial Corp, which manages about $1742.91 billion US Long portfolio, decreased its stake in Hollyfrontier Corporation (NYSE:HFC) by 175 shares to 9,822 shares, valued at $353.30 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Russell Midcap Value Etf (IWS) by 3,047 shares in the quarter, leaving it with 48,221 shares, and cut its stake in Aon Plc (NYSE:AON).

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