Bob Evans Farms (BOBE) Stock Value Rose While Bamco Has Lifted by $385,000 Its Stake; Covalent Partners Stake in Citigroup (C) Has Cut as Valuation Rose

January 14, 2018 - By Moses P. Lee

Bamco Inc increased its stake in Bob Evans Farms Inc (BOBE) by 8.77% based on its latest 2017Q3 regulatory filing with the SEC. Bamco Inc bought 5,000 shares as the company’s stock rose 25.65% with the market. The institutional investor held 62,000 shares of the consumer services company at the end of 2017Q3, valued at $4.81M, up from 57,000 at the end of the previous reported quarter. Bamco Inc who had been investing in Bob Evans Farms Inc for a number of months, seems to be bullish on the $1.54 billion market cap company. It closed at $77.01 lastly. It is up 55.35% since January 14, 2017 and is uptrending. It has outperformed by 38.65% the S&P500.

Robert Hockett decreased its stake in Citigroup Inc (C) by 45.88% based on its latest 2017Q3 regulatory filing with the SEC. Covalent Partners Llc sold 25,700 shares as the company’s stock rose 1.55% with the market. The hedge fund run by Robert Hockett held 30,311 shares of the major banks company at the end of 2017Q3, valued at $2.21 million, down from 56,011 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $203.17 billion market cap company. The stock increased 1.69% or $1.28 during the last trading session, reaching $76.84. About 16.95M shares traded or 12.74% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since January 14, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It improved, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Andra Ap holds 0.17% or 100,400 shares in its portfolio. 28,150 are owned by Institute For Wealth Mgmt Ltd Liability. Consolidated Invest Group Llc accumulated 2.71% or 73,742 shares. 500 were accumulated by Liberty Mgmt Inc. Neuberger Berman Gru Ltd Liability Co reported 3.44 million shares or 0.31% of all its holdings. Rex Cap Advsrs Ltd Llc reported 11,321 shares stake. Dowling & Yahnke Ltd Liability Corporation accumulated 81,223 shares. Amica Retiree has invested 1.25% in Citigroup Inc. (NYSE:C). Parsec Fincl Mgmt Inc has invested 0.48% in Citigroup Inc. (NYSE:C). Halbert Hargrove Russell Lc owns 4,552 shares or 0.09% of their US portfolio. Auxier Asset holds 1.17% in Citigroup Inc. (NYSE:C) or 79,220 shares. Armstrong Shaw Associates Ct reported 43,965 shares. Great Lakes Advsrs Ltd Liability Company accumulated 1.04 million shares. Utah Retirement Systems, Utah-based fund reported 500,524 shares. Check Mgmt Ca invested 0.02% of its portfolio in Citigroup Inc. (NYSE:C).

Covalent Partners Llc, which manages about $968.54M and $147.33 million US Long portfolio, upped its stake in Medical Pptys Trust Inc (NYSE:MPW) by 155,702 shares to 652,702 shares, valued at $8.57 million in 2017Q3, according to the filing.

Among 38 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 16 Hold. Therefore 50% are positive. Citigroup Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Susquehanna on Tuesday, October 6 with “Neutral”. The stock of Citigroup Inc. (NYSE:C) earned “Sell” rating by Societe Generale on Tuesday, September 13. The company was maintained on Tuesday, December 12 by Keefe Bruyette & Woods. BMO Capital Markets maintained the stock with “Buy” rating in Friday, July 14 report. SunTrust downgraded the stock to “Buy” rating in Monday, August 24 report. The rating was maintained by Jefferies with “Hold” on Tuesday, June 6. The stock has “Overweight” rating by JP Morgan on Wednesday, August 26. On Monday, November 30 the stock rating was upgraded by Guggenheim to “Buy”. The firm earned “Buy” rating on Monday, October 10 by Jefferies. Berenberg initiated it with “Buy” rating and $50 target in Wednesday, July 13 report.

Since August 4, 2017, it had 0 insider purchases, and 2 selling transactions for $3.05 million activity. $344,870 worth of Citigroup Inc. (NYSE:C) was sold by WALSH JEFFREY R.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on January, 16 before the open. They expect $1.26 earnings per share, up 10.53% or $0.12 from last year’s $1.14 per share. C’s profit will be $3.33 billion for 15.25 P/E if the $1.26 EPS becomes a reality. After $1.42 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -11.27% negative EPS growth.

Bamco Inc, which manages about $24.24 billion and $21.07 billion US Long portfolio, decreased its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 662 shares to 9,682 shares, valued at $10.13M in 2017Q3, according to the filing. It also reduced its holding in Eog Res Inc (NYSE:EOG) by 5,000 shares in the quarter, leaving it with 15,768 shares, and cut its stake in Scorpio Tankers Inc (NYSE:STNG).

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.34, from 1.42 in 2017Q2. It worsened, as 34 investors sold BOBE shares while 49 reduced holdings. 45 funds opened positions while 45 raised stakes. 15.17 million shares or 0.03% more from 15.16 million shares in 2017Q2 were reported. State Street invested in 484,610 shares. California State Teachers Retirement stated it has 31,755 shares. Trust Of Toledo Na Oh holds 7,490 shares. Gemmer Asset Ltd has 56 shares. Waddell Reed holds 0.1% in Bob Evans Farms, Inc. (NASDAQ:BOBE) or 553,721 shares. Gamco Investors Et Al reported 51,123 shares. Weiss Multi holds 43,334 shares or 0.12% of its portfolio. Blackrock reported 2.48 million shares. Ny State Teachers Retirement stated it has 0.01% in Bob Evans Farms, Inc. (NASDAQ:BOBE). Commonwealth Of Pennsylvania Public School Empls Retrmt invested 0.02% of its portfolio in Bob Evans Farms, Inc. (NASDAQ:BOBE). Us Comml Bank De accumulated 0% or 531 shares. Wells Fargo And Mn accumulated 25,395 shares. Moreover, Great West Life Assurance Can has 0.01% invested in Bob Evans Farms, Inc. (NASDAQ:BOBE). Moreover, Victory Cap Management Inc has 0.06% invested in Bob Evans Farms, Inc. (NASDAQ:BOBE). Boothbay Fund Lc holds 0.28% of its portfolio in Bob Evans Farms, Inc. (NASDAQ:BOBE) for 21,469 shares.

Among 8 analysts covering Bob Evans Farms (NASDAQ:BOBE), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Bob Evans Farms had 17 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was upgraded by KeyBanc Capital Markets on Monday, August 31 to “Sector Weight”. On Thursday, December 3 the stock rating was upgraded by Stephens to “Equal-Weight”. On Wednesday, August 30 the stock rating was maintained by Oppenheimer with “Hold”. Oppenheimer maintained the stock with “Hold” rating in Monday, June 26 report. The firm earned “Buy” rating on Tuesday, May 17 by Maxim Group. The stock of Bob Evans Farms, Inc. (NASDAQ:BOBE) earned “Outperform” rating by Oppenheimer on Thursday, October 15. The stock has “Buy” rating by Maxim Group on Tuesday, June 13. The stock of Bob Evans Farms, Inc. (NASDAQ:BOBE) has “Hold” rating given on Friday, September 22 by William Blair. Oppenheimer maintained Bob Evans Farms, Inc. (NASDAQ:BOBE) on Wednesday, December 2 with “Outperform” rating. The rating was downgraded by Oppenheimer on Wednesday, January 4 to “Perform”.

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By1 Moses P. Lee







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