As Hrg Group (HRG) Market Valuation Declined, Numina Capital Management Boosted Stake; Yacktman Asset Management LP Increased Stake in Avon Products (AVP) as Market Valuation Rose

May 22, 2018 - By Louis Casey

Avon Products, Inc. (NYSE:AVP) Logo

Numina Capital Management Llc increased its stake in Hrg Group Inc (HRG) by 8.3% based on its latest 2017Q4 regulatory filing with the SEC. Numina Capital Management Llc bought 522,524 shares as the company’s stock declined 17.45% with the market. The institutional investor held 6.82 million shares of the miscellaneous company at the end of 2017Q4, valued at $115.59 million, up from 6.30 million at the end of the previous reported quarter. Numina Capital Management Llc who had been investing in Hrg Group Inc for a number of months, seems to be bullish on the $2.55 billion market cap company. The stock increased 2.12% or $0.26 during the last trading session, reaching $12.55. About 1.34M shares traded. HRG Group, Inc. (NYSE:HRG) has declined 24.44% since May 22, 2017 and is downtrending. It has underperformed by 35.99% the S&P500.

Donald Yacktman increased its stake in Avon Products Inc. (AVP) by 2.66% based on its latest 2017Q4 regulatory filing with the SEC. Yacktman Asset Management Lp bought 509,083 shares as the company’s stock rose 21.83% while stock markets declined. The hedge fund run by Donald Yacktman held 19.64 million shares of the consumer non-durables company at the end of 2017Q4, valued at $42.23M, up from 19.13 million at the end of the previous reported quarter. Yacktman Asset Management Lp who had been investing in Avon Products Inc. for a number of months, seems to be bullish on the $839.19M market cap company. The stock decreased 1.04% or $0.02 during the last trading session, reaching $1.9. About 4.06 million shares traded. Avon Products, Inc. (NYSE:AVP) has declined 33.73% since May 22, 2017 and is downtrending. It has underperformed by 45.28% the S&P500.

Numina Capital Management Llc, which manages about $258.10 million and $639.39M US Long portfolio, decreased its stake in T Mobile Us Inc (NYSE:TMUS) by 6,190 shares to 99,180 shares, valued at $6.30M in 2017Q4, according to the filing. It also reduced its holding in Equity Comwlth (NYSE:EQC) by 393,389 shares in the quarter, leaving it with 99,766 shares, and cut its stake in Eqt Corp (NYSE:EQT).

Among 11 analysts covering Avon Products Inc. (NYSE:AVP), 2 have Buy rating, 3 Sell and 6 Hold. Therefore 18% are positive. Avon Products Inc. had 34 analyst reports since August 3, 2015 according to SRatingsIntel. Piper Jaffray downgraded the shares of AVP in report on Tuesday, April 12 to “Neutral” rating. The firm earned “Hold” rating on Thursday, June 8 by RBC Capital Markets. Deutsche Bank downgraded the shares of AVP in report on Friday, August 4 to “Hold” rating. RBC Capital Markets maintained it with “Hold” rating and $300 target in Friday, August 4 report. The rating was initiated by Sterne Agee CRT on Tuesday, July 21 with “Neutral”. As per Thursday, October 12, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of AVP in report on Friday, July 14 with “Hold” rating. On Friday, December 18 the stock rating was upgraded by Sterne Agee CRT to “Buy”. The rating was upgraded by Citigroup on Tuesday, November 24 to “Buy”. The rating was maintained by RBC Capital Markets on Friday, November 3 with “Hold”.

Since May 15, 2018, it had 2 buys, and 0 sales for $670,350 activity. $481,350 worth of Avon Products, Inc. (NYSE:AVP) shares were bought by Zijderveld Jan.

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.05, from 1.02 in 2017Q3. It dropped, as 30 investors sold AVP shares while 64 reduced holdings. 35 funds opened positions while 56 raised stakes. 358.18 million shares or 1.16% more from 354.07 million shares in 2017Q3 were reported. Yacktman Asset Management LP holds 0.41% or 19.64 million shares. Hrt Limited Com stated it has 19,406 shares or 0.04% of all its holdings. Highbridge Capital Limited Liability Corp owns 376,086 shares. Goldman Sachs holds 995,525 shares. Stratos Wealth Ltd has invested 0% in Avon Products, Inc. (NYSE:AVP). Mason Street Advsrs Limited Com stated it has 216,773 shares or 0.01% of all its holdings. Fifth Third Financial Bank holds 0% or 5,000 shares in its portfolio. Putnam Invests Limited accumulated 699,589 shares. 50,000 are held by Ruffer Ltd Liability Partnership. Gamco Invsts Et Al holds 904,400 shares or 0.01% of its portfolio. 816,781 are held by Deutsche Bank & Trust Ag. Grantham Mayo Van Otterloo And Ltd Liability Corp holds 0% or 57,900 shares in its portfolio. 100 were accumulated by Focused Wealth Inc. D E Shaw And holds 5.39 million shares or 0.02% of its portfolio. 75,494 are held by Employees Retirement Association Of Colorado.

Yacktman Asset Management Lp, which manages about $30.82B and $10.38 billion US Long portfolio, decreased its stake in Sysco Corporation (NYSE:SYY) by 2.95M shares to 7.98M shares, valued at $484.87 million in 2017Q4, according to the filing. It also reduced its holding in Unilever N.V. (NYSE:UN) by 19,580 shares in the quarter, leaving it with 1.09 million shares, and cut its stake in State Street Corp (NYSE:STT).

Avon Products, Inc. (NYSE:AVP) Institutional Positions Chart

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