Algert Global Has Cut By $397,482 Its Pilgrims Pride New (PPC) Position; Oaktree Capital Management LP Cut Mgic Investment (MTG) Position By $10.71 Million

April 17, 2018 - By Henry Gaston

MGIC Investment Corporation (NYSE:MTG) Logo

Oaktree Capital Management Lp decreased Mgic Investment Corp (MTG) stake by 60.47% reported in 2017Q4 SEC filing. Oaktree Capital Management Lp sold 765,000 shares as Mgic Investment Corp (MTG)’s stock declined 11.07%. The Oaktree Capital Management Lp holds 500,000 shares with $7.06M value, down from 1.27M last quarter. Mgic Investment Corp now has $4.02B valuation. The stock increased 0.65% or $0.07 during the last trading session, reaching $10.84. About 4.92 million shares traded or 18.60% up from the average. MGIC Investment Corporation (NYSE:MTG) has risen 30.58% since April 17, 2017 and is uptrending. It has outperformed by 19.03% the S&P500.

Algert Global Llc decreased Pilgrims Pride Corp New (PPC) stake by 15.94% reported in 2017Q4 SEC filing. Algert Global Llc sold 12,822 shares as Pilgrims Pride Corp New (PPC)’s stock declined 20.88%. The Algert Global Llc holds 67,613 shares with $2.10 million value, down from 80,435 last quarter. Pilgrims Pride Corp New now has $5.99B valuation. The stock increased 0.84% or $0.2 during the last trading session, reaching $24.07. About 795,023 shares traded. Pilgrim's Pride Corporation (NASDAQ:PPC) has risen 11.43% since April 17, 2017 and is uptrending. It has underperformed by 0.12% the S&P500.

Investors sentiment decreased to 1.14 in 2017 Q4. Its down 0.23, from 1.37 in 2017Q3. It dropped, as 21 investors sold PPC shares while 75 reduced holdings. 32 funds opened positions while 77 raised stakes. 59.81 million shares or 0.26% more from 59.66 million shares in 2017Q3 were reported. Covington Capital has invested 0% in Pilgrim's Pride Corporation (NASDAQ:PPC). 54,622 are owned by Lingohr And Partner Asset Mgmt Gmbh. Utd Finance Advisers Ltd accumulated 0.01% or 40,119 shares. Los Angeles Capital And Equity Research owns 44,720 shares. Martingale Asset Mngmt Ltd Partnership holds 0.04% or 88,977 shares. Jpmorgan Chase Co holds 3.18 million shares. Vident Investment Advisory Limited Liability, a Georgia-based fund reported 116,592 shares. Prudential Financial holds 1.36M shares or 0.06% of its portfolio. Cibc Asset Mngmt invested in 0% or 8,333 shares. Texas-based Dimensional Fund Lp has invested 0.01% in Pilgrim's Pride Corporation (NASDAQ:PPC). Northwestern Mutual Wealth Management has invested 0% in Pilgrim's Pride Corporation (NASDAQ:PPC). Moreover, Indexiq Advisors has 0.3% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 262,046 shares. Tiaa Cref Invest reported 0.03% in Pilgrim's Pride Corporation (NASDAQ:PPC). Cornerstone Mgmt Holdg Ltd Company has invested 0.14% in Pilgrim's Pride Corporation (NASDAQ:PPC). Neuberger Berman Gru Ltd Liability owns 0% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 44,635 shares.

Since February 27, 2018, it had 0 insider buys, and 1 insider sale for $2.54 million activity. 100,000 shares were sold by Lovette William W, worth $2.54 million on Tuesday, February 27.

Among 7 analysts covering Pilgrims Pride (NASDAQ:PPC), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Pilgrims Pride had 23 analyst reports since October 30, 2015 according to SRatingsIntel. BB&T Capital upgraded the stock to “Buy” rating in Wednesday, November 4 report. BMO Capital Markets maintained the shares of PPC in report on Friday, August 25 with “Hold” rating. The firm has “Hold” rating given on Tuesday, October 3 by Jefferies. The firm has “Hold” rating given on Tuesday, August 15 by Jefferies. KeyBanc Capital Markets downgraded Pilgrim's Pride Corporation (NASDAQ:PPC) on Monday, March 27 to “Sector Weight” rating. KeyBanc Capital Markets initiated the shares of PPC in report on Friday, December 2 with “Overweight” rating. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, November 9. Jefferies initiated the stock with “Hold” rating in Wednesday, December 16 report. As per Tuesday, January 2, the company rating was maintained by Jefferies. Jefferies maintained the stock with “Hold” rating in Friday, June 9 report.

Algert Global Llc increased Spdr S&P 500 Etf Tr (SPY) stake by 6,006 shares to 9,423 valued at $2.52M in 2017Q4. It also upped Vishay Precision Group Inc (NYSE:VPG) stake by 30,325 shares and now owns 102,334 shares. Comfort Sys Usa Inc (NYSE:FIX) was raised too.

Analysts await Pilgrim's Pride Corporation (NASDAQ:PPC) to report earnings on May, 2. They expect $0.55 EPS, up 44.74% or $0.17 from last year’s $0.38 per share. PPC’s profit will be $136.94 million for 10.94 P/E if the $0.55 EPS becomes a reality. After $0.58 actual EPS reported by Pilgrim's Pride Corporation for the previous quarter, Wall Street now forecasts -5.17% negative EPS growth.

Among 14 analysts covering MGIC Investment Corp. (NYSE:MTG), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. MGIC Investment Corp. had 50 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of MGIC Investment Corporation (NYSE:MTG) has “Neutral” rating given on Monday, May 2 by Credit Suisse. On Tuesday, May 10 the stock rating was maintained by Compass Point with “Neutral”. The rating was downgraded by Deutsche Bank to “Hold” on Friday, November 3. The company was upgraded on Thursday, June 30 by FBR Capital. M Partners maintained the shares of MTG in report on Tuesday, August 25 with “Buy” rating. Susquehanna maintained MGIC Investment Corporation (NYSE:MTG) on Thursday, January 4 with “Buy” rating. The company was maintained on Friday, January 22 by FBR Capital. BTIG Research maintained MGIC Investment Corporation (NYSE:MTG) on Wednesday, October 18 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, October 19 report. RBC Capital Markets downgraded it to “Hold” rating and $1200 target in Tuesday, April 10 report.

Investors sentiment increased to 1.32 in Q4 2017. Its up 0.17, from 1.15 in 2017Q3. It increased, as 14 investors sold MTG shares while 99 reduced holdings. 53 funds opened positions while 96 raised stakes. 335.64 million shares or 0.76% more from 333.10 million shares in 2017Q3 were reported. Blackrock holds 0.02% of its portfolio in MGIC Investment Corporation (NYSE:MTG) for 24.71M shares. World Investors invested 0.03% in MGIC Investment Corporation (NYSE:MTG). Parkside Fincl National Bank reported 0% in MGIC Investment Corporation (NYSE:MTG). Citigroup has invested 0% in MGIC Investment Corporation (NYSE:MTG). Reliance Tru Co Of Delaware stated it has 0.06% in MGIC Investment Corporation (NYSE:MTG). 5.39 million are owned by Ajo Ltd Partnership. Clearbridge Investments reported 5.76M shares or 0.08% of all its holdings. Highbridge Capital Mngmt Limited Liability Com holds 0.15% or 579,060 shares in its portfolio. Canada Pension Plan Invest Board holds 478,100 shares or 0.01% of its portfolio. Us Natl Bank De accumulated 14,158 shares. California Public Employees Retirement System holds 0.01% or 694,554 shares. Parametric Associate Llc, a Washington-based fund reported 1.07M shares. Comml Bank Of Montreal Can stated it has 0.01% in MGIC Investment Corporation (NYSE:MTG). D E Shaw And Inc has 0% invested in MGIC Investment Corporation (NYSE:MTG). Cap Fund Management has invested 0.01% of its portfolio in MGIC Investment Corporation (NYSE:MTG).

Analysts await MGIC Investment Corporation (NYSE:MTG) to report earnings on April, 18 before the open. They expect $0.36 earnings per share, up 16.13% or $0.05 from last year’s $0.31 per share. MTG’s profit will be $133.51M for 7.53 P/E if the $0.36 EPS becomes a reality. After $0.43 actual earnings per share reported by MGIC Investment Corporation for the previous quarter, Wall Street now forecasts -16.28% negative EPS growth.

Oaktree Capital Management Lp increased Fiesta Restaurant Group Inc (NASDAQ:FRGI) stake by 673,286 shares to 950,000 valued at $18.05M in 2017Q4. It also upped Illumina Inc (Prn) stake by 9.09 million shares and now owns 49.21M shares. Akamai Technologies Inc (Prn) was raised too.

MGIC Investment Corporation (NYSE:MTG) Institutional Positions Chart

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By1 Henry Gaston

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