As Ingredion (INGR) Market Valuation Declined, Shareholder State Of Wisconsin Investment Board Increased Stake; Venator Capital Management LTD Upped Ringcentral (RNG) Holding by $1.72 Million; Valuation Rose

February 15, 2018 - By David Stenberg

Venator Capital Management Ltd increased its stake in Ringcentral Inc (RNG) by 52.86% based on its latest 2017Q3 regulatory filing with the SEC. Venator Capital Management Ltd bought 42,018 shares as the company’s stock rose 34.13% with the market. The institutional investor held 121,508 shares of the technology company at the end of 2017Q3, valued at $5.07 million, up from 79,490 at the end of the previous reported quarter. Venator Capital Management Ltd who had been investing in Ringcentral Inc for a number of months, seems to be bullish on the $4.48 billion market cap company. The stock increased 1.22% or $0.7 during the last trading session, reaching $57.85. About 1.11 million shares traded or 132.65% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since February 15, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

State Of Wisconsin Investment Board increased its stake in Ingredion Inc (INGR) by 2.87% based on its latest 2017Q3 regulatory filing with the SEC. State Of Wisconsin Investment Board bought 3,106 shares as the company’s stock declined 4.33% while stock markets rallied. The institutional investor held 111,151 shares of the packaged foods company at the end of 2017Q3, valued at $13.41 million, up from 108,045 at the end of the previous reported quarter. State Of Wisconsin Investment Board who had been investing in Ingredion Inc for a number of months, seems to be bullish on the $9.34B market cap company. The stock increased 1.26% or $1.62 during the last trading session, reaching $129.99. About 266,508 shares traded. Ingredion Incorporated (NYSE:INGR) has declined 2.30% since February 15, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Venator Capital Management Ltd, which manages about $96.80M US Long portfolio, decreased its stake in Skyline Corp (NYSEMKT:SKY) by 95,485 shares to 352,132 shares, valued at $4.26M in 2017Q3, according to the filing. It also reduced its holding in Forum Merger Corp by 46,700 shares in the quarter, leaving it with 345,700 shares, and cut its stake in Upland Software Inc.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.32, from 1.31 in 2017Q2. It dived, as 18 investors sold RNG shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported. Eagle Asset Incorporated holds 0.08% or 304,717 shares in its portfolio. Citigroup Inc has invested 0% in RingCentral, Inc. (NYSE:RNG). Atika Capital Mngmt Ltd Com invested in 1.73% or 144,000 shares. Huntington Savings Bank reported 1,373 shares or 0% of all its holdings. Massachusetts-based Geode Capital Ltd has invested 0.01% in RingCentral, Inc. (NYSE:RNG). 2,941 are held by Meeder Asset. Wisconsin-based 1492 Mgmt Ltd Com has invested 4.74% in RingCentral, Inc. (NYSE:RNG). Castleark Management Lc owns 431,188 shares for 0.57% of their portfolio. Goldman Sachs reported 0% stake. Herald Investment Management has 1.01% invested in RingCentral, Inc. (NYSE:RNG) for 75,000 shares. Bankshares Of Montreal Can reported 0% stake. State Board Of Administration Of Florida Retirement holds 32,006 shares or 0% of its portfolio. The California-based California State Teachers Retirement Systems has invested 0.01% in RingCentral, Inc. (NYSE:RNG). Principal Financial Gp holds 7,363 shares. Blair William & Il holds 11,200 shares or 0% of its portfolio.

Among 18 analysts covering RingCentral (NYSE:RNG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. RingCentral had 60 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, September 5 by Northland Capital. The firm earned “Hold” rating on Tuesday, February 13 by Robert W. Baird. The rating was maintained by Oppenheimer on Thursday, July 13 with “Buy”. Jefferies maintained RingCentral, Inc. (NYSE:RNG) on Monday, May 29 with “Buy” rating. The rating was maintained by Jefferies on Thursday, November 9 with “Buy”. The rating was upgraded by Robert W. Baird on Monday, December 12 to “Outperform”. The firm earned “Neutral” rating on Thursday, August 10 by Robert W. Baird. The rating was maintained by Jefferies with “Buy” on Friday, May 26. As per Thursday, November 9, the company rating was maintained by Robert W. Baird. On Monday, June 26 the stock rating was initiated by SunTrust with “Buy”.

Since August 16, 2017, it had 0 buys, and 23 insider sales for $18.13 million activity. On Wednesday, September 13 the insider Marlow John H sold $254,580. Shares for $3.88M were sold by Shmunis Vladimir. On Monday, August 21 Sipes David sold $533,276 worth of RingCentral, Inc. (NYSE:RNG) or 13,800 shares. 3,000 shares valued at $114,480 were sold by Dhruv Mitesh on Monday, August 21. 22,000 shares valued at $869,000 were sold by Williams R Neil on Wednesday, August 16.

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It improved, as 39 investors sold INGR shares while 134 reduced holdings. 50 funds opened positions while 131 raised stakes. 59.50 million shares or 0.23% more from 59.36 million shares in 2017Q2 were reported. Highbridge Mngmt Limited Liability Company holds 0.01% or 3,919 shares. Pub Employees Retirement Systems Of Ohio invested 0.04% in Ingredion Incorporated (NYSE:INGR). Ing Groep Nv reported 9,543 shares. Parkside Savings Bank And Tru owns 13 shares or 0% of their US portfolio. Strs Ohio owns 5,635 shares. Ontario – Canada-based Cibc Inc has invested 0.01% in Ingredion Incorporated (NYSE:INGR). Moreover, Arizona State Retirement System has 0.09% invested in Ingredion Incorporated (NYSE:INGR). Macquarie Grp Limited has invested 0% in Ingredion Incorporated (NYSE:INGR). Wright Invsts Ser owns 6,071 shares. Atlantic Trust Group Lc invested in 0% or 7,625 shares. Apg Asset Mgmt Nv holds 0% or 10,800 shares. Tarbox Family Office owns 2,640 shares. 250 were accumulated by Dubuque National Bank & Trust Trust. Prudential Financial Inc has 0.1% invested in Ingredion Incorporated (NYSE:INGR). Amp Cap Ltd invested in 0.06% or 87,262 shares.

State Of Wisconsin Investment Board, which manages about $33.85B US Long portfolio, decreased its stake in Citrix Sys Inc (NASDAQ:CTXS) by 114,475 shares to 140,400 shares, valued at $10.79 million in 2017Q3, according to the filing. It also reduced its holding in Universal Display Corp (NASDAQ:OLED) by 50,824 shares in the quarter, leaving it with 8,466 shares, and cut its stake in Shopify Inc.

Among 7 analysts covering Ingredion Inc (NYSE:INGR), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ingredion Inc had 22 analyst reports since August 3, 2015 according to SRatingsIntel. On Thursday, November 2 the stock rating was maintained by Credit Suisse with “Buy”. The rating was maintained by Jefferies on Wednesday, June 14 with “Buy”. As per Friday, October 27, the company rating was maintained by Jefferies. The stock of Ingredion Incorporated (NYSE:INGR) has “Buy” rating given on Wednesday, June 15 by Citigroup. As per Thursday, April 13, the company rating was maintained by BMO Capital Markets. The company was upgraded on Wednesday, November 15 by Stephens. On Wednesday, September 27 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was upgraded on Monday, September 14 by Citigroup. The company was maintained on Friday, May 26 by Jefferies. As per Friday, January 29, the company rating was upgraded by Stephens.

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By1 David Stenberg

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