Rio Tinto Plc Sponsored Adr (RIO) Shareholder Deroy & Devereaux Private Investment Counsel Has Lowered Position as Valuation Declined; Polaris Capital Management Trimmed Bancolombia S.A. (CIB) Position as Share Price Rose

January 14, 2018 - By Ruchi Gupta

Deroy & Devereaux Private Investment Counsel Inc decreased its stake in Rio Tinto Plc Sponsored Adr (RIO) by 36.48% based on its latest 2017Q3 regulatory filing with the SEC. Deroy & Devereaux Private Investment Counsel Inc sold 11,000 shares as the company’s stock declined 9.05% while stock markets rallied. The institutional investor held 19,150 shares of the precious metals company at the end of 2017Q3, valued at $904,000, down from 30,150 at the end of the previous reported quarter. Deroy & Devereaux Private Investment Counsel Inc who had been investing in Rio Tinto Plc Sponsored Adr for a number of months, seems to be less bullish one the $95.53B market cap company. The stock increased 0.75% or $0.43 during the last trading session, reaching $57.67. About 2.36M shares traded. Rio Tinto plc (NYSE:RIO) has risen 43.73% since January 14, 2017 and is uptrending. It has outperformed by 27.03% the S&P500.

Bernard Horn decreased its stake in Bancolombia S.A. (CIB) by 31.39% based on its latest 2017Q3 regulatory filing with the SEC. Polaris Capital Management Llc sold 889,800 shares as the company’s stock rose 18.47% with the market. The hedge fund run by Bernard Horn held 1.94M shares of the commercial banks company at the end of 2017Q3, valued at $89.05M, down from 2.83 million at the end of the previous reported quarter. Polaris Capital Management Llc who had been investing in Bancolombia S.A. for a number of months, seems to be less bullish one the $10.15B market cap company. The stock increased 1.21% or $0.51 during the last trading session, reaching $42.65. About 129,439 shares traded. Bancolombia S.A. (NYSE:CIB) has risen 27.44% since January 14, 2017 and is uptrending. It has outperformed by 10.74% the S&P500.

Among 11 analysts covering Bancolombia S.A. (NYSE:CIB), 1 have Buy rating, 4 Sell and 6 Hold. Therefore 9% are positive. Bancolombia S.A. had 22 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 24 by Zacks. The stock of Bancolombia S.A. (NYSE:CIB) has “Buy” rating given on Wednesday, December 16 by HSBC. Bank of America downgraded the shares of CIB in report on Friday, February 24 to “Underperform” rating. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, December 13. As per Thursday, December 3, the company rating was downgraded by Barclays Capital. The stock of Bancolombia S.A. (NYSE:CIB) has “Buy” rating given on Monday, August 17 by Standpoint Research. The firm has “Outperform” rating by Credit Suisse given on Monday, March 7. On Monday, August 22 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Overweight” rating given on Thursday, July 23 by JP Morgan. Credit Suisse downgraded the shares of CIB in report on Thursday, October 6 to “Neutral” rating.

Analysts await Bancolombia S.A. (NYSE:CIB) to report earnings on February, 20. CIB’s profit will be $204.73M for 12.40 P/E if the $0.86 EPS becomes a reality. After $0.64 actual earnings per share reported by Bancolombia S.A. for the previous quarter, Wall Street now forecasts 34.38% EPS growth.

Polaris Capital Management Llc, which manages about $4.42B and $1.79B US Long portfolio, upped its stake in Brookline Bancorp Inc (NASDAQ:BRKL) by 46,700 shares to 1.12M shares, valued at $17.41 million in 2017Q3, according to the filing. It also increased its holding in Sberbank (SBRCY) by 66,900 shares in the quarter, for a total of 4.82 million shares, and has risen its stake in Quest Diagnostics (NYSE:DGX).

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