Sadoff Investment Management Has Increased Citigroup (C) Stake; Resources Connection (RECN) Shorts Down By 17.76%

October 13, 2017 - By Nellie Frank

Sadoff Investment Management Llc increased Citigroup (C) stake by 1.78% reported in 2017Q2 SEC filing. Sadoff Investment Management Llc acquired 10,843 shares as Citigroup (C)’s stock rose 1.55%. The Sadoff Investment Management Llc holds 619,426 shares with $41.43 million value, up from 608,583 last quarter. Citigroup now has $197.70 billion valuation. The stock decreased 3.43% or $2.57 during the last trading session, reaching $72.37. About 250 shares traded. Citigroup Inc (NYSE:C) has risen 35.60% since October 13, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Resources Connection Incorporated (NASDAQ:RECN) had a decrease of 17.76% in short interest. RECN’s SI was 233,900 shares in October as released by FINRA. Its down 17.76% from 284,400 shares previously. With 113,200 avg volume, 2 days are for Resources Connection Incorporated (NASDAQ:RECN)’s short sellers to cover RECN’s short positions. The SI to Resources Connection Incorporated’s float is 0.84%. The stock decreased 0.34% or $0.05 during the last trading session, reaching $14.75. About shares traded. Resources Connection, Inc. (NASDAQ:RECN) has declined 11.17% since October 13, 2016 and is downtrending. It has underperformed by 27.87% the S&P500.

Investors sentiment is 1.1 in 2017 Q2. Its the same as in 2017Q1. It is flat, as 67 investors sold C shares while 443 reduced holdings. only 124 funds opened positions while 435 raised stakes. 2.03 billion shares or 1.74% more from 2.00 billion shares in 2017Q1 were reported. Northwestern Mutual Wealth Mgmt accumulated 0.03% or 51,978 shares. Metropolitan Life Comm reported 0.62% in Citigroup Inc (NYSE:C). Lmm Ltd Liability Company has invested 2.04% in Citigroup Inc (NYSE:C). Elkhorn Prtn Limited Partnership holds 13,000 shares or 0.55% of its portfolio. Monetta Fincl Service has invested 2.26% in Citigroup Inc (NYSE:C). American International Gru Inc holds 0.22% in Citigroup Inc (NYSE:C) or 916,453 shares. Checchi Cap Advisers Ltd Liability invested 0.15% in Citigroup Inc (NYSE:C). Aviva Plc holds 0.66% of its portfolio in Citigroup Inc (NYSE:C) for 1.77M shares. Massachusetts-based Wellington Group Ltd Liability Partnership has invested 0.77% in Citigroup Inc (NYSE:C). Beck Capital Mngmt reported 16,740 shares. Tower Research Limited Liability (Trc) reported 2,856 shares. Yorktown Research, Virginia-based fund reported 16,000 shares. Primecap Mngmt Communication Ca has invested 0.27% in Citigroup Inc (NYSE:C). Warren Averett Asset Mgmt Ltd Llc reported 0.19% in Citigroup Inc (NYSE:C). Toscafund Asset Llp holds 420,000 shares or 14.88% of its portfolio.

Among 36 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 3 Sell and 15 Hold. Therefore 50% are positive. Citigroup Inc. had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, June 1. The firm has “Hold” rating given on Friday, October 6 by BMO Capital Markets. Credit Suisse maintained Citigroup Inc (NYSE:C) on Monday, July 17 with “Buy” rating. Oppenheimer maintained Citigroup Inc (NYSE:C) on Tuesday, January 5 with “Perform” rating. The firm has “Hold” rating given on Tuesday, January 26 by Deutsche Bank. The rating was maintained by Citigroup on Monday, October 9 with “Buy”. The company was upgraded on Friday, August 28 by Guggenheim. The stock of Citigroup Inc (NYSE:C) earned “Buy” rating by CLSA on Friday, September 23. Jefferies maintained Citigroup Inc (NYSE:C) on Tuesday, June 6 with “Hold” rating. The rating was maintained by Macquarie Research with “Outperform” on Monday, October 19.

Investors sentiment increased to 1.29 in 2017 Q2. Its up 0.14, from 1.15 in 2017Q1. It is positive, as 9 investors sold Resources Connection, Inc. shares while 33 reduced holdings. 17 funds opened positions while 37 raised stakes. 23.96 million shares or 1.30% less from 24.27 million shares in 2017Q1 were reported. Morgan Stanley reported 362,027 shares stake. Geode Mgmt Ltd Co stated it has 512,370 shares or 0% of all its holdings. Great West Life Assurance Can has invested 0% in Resources Connection, Inc. (NASDAQ:RECN). Moreover, Mason Street Advsrs Limited Liability Company has 0% invested in Resources Connection, Inc. (NASDAQ:RECN). American Intll Gp Incorporated holds 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN) for 21,578 shares. Kbc Group Nv reported 40,153 shares stake. Fisher Asset Mgmt Ltd Limited Liability Company reported 188,942 shares. Axa accumulated 77,500 shares or 0% of the stock. Barrow Hanley Mewhinney And Strauss Ltd Company holds 0.01% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN) for 350,990 shares. Glenmede Na reported 221 shares. 296,926 are held by Panagora Asset Mngmt. Texas Permanent School Fund holds 0% or 21,651 shares. New York State Teachers Retirement System holds 0% or 18,970 shares. Tci Wealth Advsr Inc has 42 shares. Thrivent For Lutherans accumulated 17,940 shares.

Among 2 analysts covering Resources Connection Inc. (NASDAQ:RECN), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Resources Connection Inc. had 5 analyst reports since August 18, 2016 according to SRatingsIntel. The stock has “Sell” rating by Deutsche Bank on Thursday, August 18. The stock of Resources Connection, Inc. (NASDAQ:RECN) has “Sell” rating given on Thursday, October 6 by Deutsche Bank. Robert W. Baird maintained it with “Hold” rating and $15.0 target in Friday, August 25 report. As per Friday, July 21, the company rating was maintained by Deutsche Bank. The stock of Resources Connection, Inc. (NASDAQ:RECN) has “Neutral” rating given on Thursday, October 6 by Robert W. Baird.

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By1 Nellie Frank




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