Mcdonald Capital Investors Cut Its Progressive Ohio (PGR) Holding by $479,520 as Share Price Rose; As Commercial Metals Co (CMC) Stock Declined, Highline Capital Management Raised by $18.82 Million Its Position

February 17, 2018 - By Richard Conner

Mcdonald Capital Investors Inc decreased its stake in Progressive Corp Ohio (PGR) by 0.28% based on its latest 2017Q3 regulatory filing with the SEC. Mcdonald Capital Investors Inc sold 9,990 shares as the company’s stock rose 6.56% with the market. The hedge fund held 3.60 million shares of the property-casualty insurers company at the end of 2017Q3, valued at $174.45 million, down from 3.61 million at the end of the previous reported quarter. Mcdonald Capital Investors Inc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $33.36B market cap company. The stock increased 1.00% or $0.57 during the last trading session, reaching $57.35. About 3.70M shares traded or 4.66% up from the average. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 17, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Jacob Doft increased its stake in Commercial Metals Co (CMC) by 52.13% based on its latest 2017Q3 regulatory filing with the SEC. Highline Capital Management Llc bought 990,500 shares as the company’s stock declined 19.19% while stock markets rallied. The hedge fund run by Jacob Doft held 2.89M shares of the steel and iron ore company at the end of 2017Q3, valued at $55.01 million, up from 1.90 million at the end of the previous reported quarter. Highline Capital Management Llc who had been investing in Commercial Metals Co for a number of months, seems to be bullish on the $3.03 billion market cap company. The stock increased 5.83% or $1.43 during the last trading session, reaching $25.97. About 3.40 million shares traded or 85.28% up from the average. Commercial Metals Company (NYSE:CMC) has risen 10.79% since February 17, 2017 and is uptrending. It has underperformed by 5.91% the S&P500.

Highline Capital Management Llc, which manages about $3.04B and $3.53B US Long portfolio, decreased its stake in Novocure Ltd by 221,800 shares to 1.51 million shares, valued at $30.05 million in 2017Q3, according to the filing. It also reduced its holding in Mgm Resorts International (NYSE:MGM) by 39,600 shares in the quarter, leaving it with 2.66M shares, and cut its stake in Shire Plc (NASDAQ:SHPG).

Since January 16, 2018, it had 0 buys, and 1 insider sale for $514,950 activity.

Among 12 analysts covering Commercial Metals (NYSE:CMC), 7 have Buy rating, 3 Sell and 2 Hold. Therefore 58% are positive. Commercial Metals had 36 analyst reports since August 17, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $19.0 target in Wednesday, October 4 report. The stock of Commercial Metals Company (NYSE:CMC) has “Neutral” rating given on Wednesday, December 30 by JP Morgan. The firm earned “Buy” rating on Thursday, October 29 by DA Davidson. The stock has “Neutral” rating by Macquarie Research on Monday, October 31. Zacks upgraded Commercial Metals Company (NYSE:CMC) on Wednesday, September 2 to “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Tuesday, March 28. The stock has “Buy” rating by Jefferies on Wednesday, January 13. Jefferies upgraded the shares of CMC in report on Tuesday, October 17 to “Buy” rating. The stock has “Sell” rating by Clarkson Platou on Monday, June 27. On Thursday, May 25 the stock rating was maintained by Jefferies with “Hold”.

Investors sentiment is 0.98 in Q3 2017. Its the same as in 2017Q2. It has no change, as 24 investors sold CMC shares while 61 reduced holdings. only 27 funds opened positions while 56 raised stakes. 100.74 million shares or 2.15% less from 102.95 million shares in 2017Q2 were reported. Meeder Asset Mgmt Incorporated invested in 0% or 664 shares. Liberty Mutual Gp Asset Mngmt has invested 0.03% in Commercial Metals Company (NYSE:CMC). Prudential Fincl Incorporated accumulated 78,622 shares. Goldman Sachs Grp holds 0.02% or 3.48 million shares in its portfolio. Point72 Asia (Hong Kong) stated it has 1,117 shares or 0.01% of all its holdings. Gemmer Asset Management Limited Liability Com accumulated 157 shares or 0% of the stock. Mason Street Lc owns 57,465 shares. Price T Rowe Assoc Md holds 0.01% in Commercial Metals Company (NYSE:CMC) or 3.24M shares. First Manhattan Company holds 0.07% or 609,735 shares. Secor Cap Ltd Partnership invested 0.32% of its portfolio in Commercial Metals Company (NYSE:CMC). State Of Tennessee Treasury Department reported 37,100 shares stake. Balyasny Asset Mngmt Llc owns 825,194 shares. Legal & General Grp Inc Public Llc has 204,848 shares. Ameritas Inv Prtnrs Inc invested 0.04% of its portfolio in Commercial Metals Company (NYSE:CMC). Nordea Investment Mgmt stated it has 114,168 shares.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It dropped, as 43 investors sold PGR shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Weik Inv owns 2.63% invested in The Progressive Corporation (NYSE:PGR) for 114,080 shares. Voya Inv Ltd Liability, a Georgia-based fund reported 5.78M shares. Lombard Odier Asset Mgmt (Europe) Limited reported 7,589 shares stake. Contravisory Investment Inc reported 2.36% of its portfolio in The Progressive Corporation (NYSE:PGR). Srb stated it has 0.02% in The Progressive Corporation (NYSE:PGR). Edge Wealth Mgmt Limited Liability Corporation holds 200 shares. Alyeska Invest Lp reported 1.41M shares. Laffer Invs has 0.64% invested in The Progressive Corporation (NYSE:PGR) for 50,305 shares. Caisse De Depot Et Placement Du Quebec has invested 0.08% in The Progressive Corporation (NYSE:PGR). Willingdon Wealth Management has invested 0.1% in The Progressive Corporation (NYSE:PGR). State Bank Of Nova Scotia stated it has 0.17% in The Progressive Corporation (NYSE:PGR). Tocqueville Asset Mgmt LP reported 297,043 shares. Cap Rech Global Invsts stated it has 21.29 million shares or 0.31% of all its holdings. Canada Pension Plan Board has invested 0.03% in The Progressive Corporation (NYSE:PGR). 535,386 are held by Zweig.

Since August 17, 2017, it had 0 buys, and 3 insider sales for $788,383 activity. Charney M Jeffrey sold 6,000 shares worth $293,400. $2.43 million worth of The Progressive Corporation (NYSE:PGR) shares were sold by Sauerland John P. Griffith Susan Patricia also sold $1.70M worth of The Progressive Corporation (NYSE:PGR) on Thursday, August 17. $434,070 worth of The Progressive Corporation (NYSE:PGR) was sold by BASCH JEFFREY W on Wednesday, October 18.

Mcdonald Capital Investors Inc, which manages about $914.34M and $1.17B US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 20,680 shares to 2.36M shares, valued at $90.74 million in 2017Q3, according to the filing. It also increased its holding in Core Laboratories N V (NYSE:CLB) by 66,441 shares in the quarter, for a total of 312,813 shares, and has risen its stake in Brookfield Asset Mgmt Inc (NYSE:BAM).

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 58 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Thursday, January 5 by Morgan Stanley. The company was maintained on Wednesday, April 19 by Wells Fargo. The stock of The Progressive Corporation (NYSE:PGR) earned “Neutral” rating by Citigroup on Friday, October 14. Wells Fargo maintained the shares of PGR in report on Wednesday, August 16 with “Hold” rating. UBS maintained it with “Buy” rating and $64 target in Thursday, January 25 report. The stock of The Progressive Corporation (NYSE:PGR) earned “Sell” rating by Goldman Sachs on Monday, November 16. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Monday, September 21 by Sterne Agee CRT. The rating was upgraded by Sandler O’Neill on Tuesday, March 21 to “Buy”. On Tuesday, January 10 the stock rating was upgraded by Goldman Sachs to “Neutral”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, February 14.

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