Ally Finl (ALLY) Holder Centerbridge Partners LP Has Decreased Stake as Shares Declined; As Dollar General (DG) Market Value Declined, Holder Professional Advisory Services Has Lowered Stake

February 12, 2018 - By Winifred Garcia

Professional Advisory Services Inc decreased its stake in Dollar General (DG) by 2.89% based on its latest 2017Q3 regulatory filing with the SEC. Professional Advisory Services Inc sold 7,147 shares as the company’s stock declined 7.36% while stock markets rallied. The institutional investor held 239,801 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $19.44 million, down from 246,948 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in Dollar General for a number of months, seems to be less bullish one the $25.86B market cap company. The stock decreased 3.09% or $3.04 during the last trading session, reaching $95.22. About 4.21M shares traded or 60.31% up from the average. Dollar General Corporation (NYSE:DG) has declined 12.26% since February 12, 2017 and is downtrending. It has underperformed by 28.96% the S&P500.

Mark T. Gallogly decreased its stake in Ally Finl Inc (ALLY) by 88.12% based on its latest 2017Q3 regulatory filing with the SEC. Centerbridge Partners Lp sold 1.66M shares as the company’s stock declined 19.04% while stock markets rallied. The hedge fund run by Mark T. Gallogly held 224,186 shares of the consumer services company at the end of 2017Q3, valued at $5.44 million, down from 1.89M at the end of the previous reported quarter. Centerbridge Partners Lp who had been investing in Ally Finl Inc for a number of months, seems to be less bullish one the $12.29B market cap company. The stock increased 1.98% or $0.545 during the last trading session, reaching $28.115. About 2.20M shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 12.72% since February 12, 2017 and is uptrending. It has underperformed by 3.98% the S&P500.

Analysts await Dollar General Corporation (NYSE:DG) to report earnings on March, 15. They expect $1.45 EPS, down 2.68% or $0.04 from last year’s $1.49 per share. DG’s profit will be $393.76M for 16.42 P/E if the $1.45 EPS becomes a reality. After $0.98 actual EPS reported by Dollar General Corporation for the previous quarter, Wall Street now forecasts 47.96% EPS growth.

Professional Advisory Services Inc, which manages about $469.41 million US Long portfolio, upped its stake in The Jm Smucker Co. (NYSE:SJM) by 44,116 shares to 112,000 shares, valued at $11.75 million in 2017Q3, according to the filing. It also increased its holding in Express Scripts (NASDAQ:ESRX) by 5,435 shares in the quarter, for a total of 277,847 shares, and has risen its stake in Omnicom Group (NYSE:OMC).

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.07, from 0.98 in 2017Q2. It fall, as 58 investors sold DG shares while 187 reduced holdings. 56 funds opened positions while 167 raised stakes. 237.14 million shares or 1.40% less from 240.50 million shares in 2017Q2 were reported. Engineers Gate Manager Lp holds 0.03% or 4,292 shares. Nippon Life Insurance, Japan-based fund reported 14,046 shares. Nomura Incorporated has 13,281 shares for 0% of their portfolio. Natl Asset Mgmt stated it has 0.04% in Dollar General Corporation (NYSE:DG). 10,076 were reported by Homrich And Berg. Fjarde Ap stated it has 0.11% in Dollar General Corporation (NYSE:DG). Dubuque National Bank And Trust Com holds 0% of its portfolio in Dollar General Corporation (NYSE:DG) for 100 shares. 1.69M were reported by Invesco. Moreover, Axa has 0.04% invested in Dollar General Corporation (NYSE:DG) for 109,700 shares. State Treasurer State Of Michigan holds 79,042 shares. Moreover, Johnson Gp Incorporated has 0.12% invested in Dollar General Corporation (NYSE:DG). Moreover, Stephens Inc Ar has 0.08% invested in Dollar General Corporation (NYSE:DG) for 28,057 shares. Barclays Public Ltd Com invested in 0.04% or 430,398 shares. Natl Pension Ser holds 0.13% or 306,375 shares. Longview Partners (Guernsey) holds 11.32M shares or 4.96% of its portfolio.

Among 30 analysts covering Dollar General Corp. (NYSE:DG), 17 have Buy rating, 2 Sell and 11 Hold. Therefore 57% are positive. Dollar General Corp. had 100 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Monday, August 7. RBC Capital Markets maintained Dollar General Corporation (NYSE:DG) rating on Friday, August 28. RBC Capital Markets has “Outperform” rating and $88 target. The firm has “Buy” rating by UBS given on Monday, December 4. The stock of Dollar General Corporation (NYSE:DG) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, October 3. Gordon Haskett initiated the shares of DG in report on Tuesday, May 9 with “Reduce” rating. The company was maintained on Friday, September 8 by RBC Capital Markets. The stock of Dollar General Corporation (NYSE:DG) earned “Neutral” rating by Atlantic Securities on Wednesday, August 31. The rating was maintained by Goldman Sachs on Monday, March 28 with “Buy”. The rating was maintained by on Monday, October 10 with “Hold”. The stock has “Neutral” rating by JP Morgan on Friday, August 26.

Since September 12, 2017, it had 0 insider purchases, and 5 selling transactions for $3.04 million activity. 2,711 shares were sold by TAYLOR RHONDA, worth $251,895 on Tuesday, December 12. Shares for $683,092 were sold by Kindy Michael J. 2,012 shares were sold by ELLIOTT ANITA C, worth $186,747 on Monday, December 18.

Centerbridge Partners Lp, which manages about $20.91B and $858.75M US Long portfolio, upped its stake in Ambac Finl Group Inc (NASDAQ:AMBC) by 771,562 shares to 787,851 shares, valued at $13.60M in 2017Q3, according to the filing.

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By1 Winifred Garcia

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