As Interpublic Group Cos (IPG) Market Value Declined, Martin Currie LTD Cut Holding by $1.56 Million; Modine Manufacturing (MOD) Holder Oarsman Capital Has Decreased Its Stake by $440,458 as Share Price Rose

February 15, 2018 - By Migdalia James

Martin Currie Ltd decreased its stake in Interpublic Group Cos Inc (IPG) by 23.13% based on its latest 2017Q3 regulatory filing with the SEC. Martin Currie Ltd sold 77,800 shares as the company’s stock declined 0.78% while stock markets rallied. The institutional investor held 258,500 shares of the technology company at the end of 2017Q3, valued at $5.37 million, down from 336,300 at the end of the previous reported quarter. Martin Currie Ltd who had been investing in Interpublic Group Cos Inc for a number of months, seems to be less bullish one the $9.71 billion market cap company. The stock increased 2.00% or $0.49 during the last trading session, reaching $24.98. About 5.64M shares traded or 4.04% up from the average. The Interpublic Group of Companies, Inc. (NYSE:IPG) has risen 3.01% since February 15, 2017 and is uptrending. It has underperformed by 13.69% the S&P500.

Oarsman Capital Inc decreased its stake in Modine Manufacturing (MOD) by 8.52% based on its latest 2017Q3 regulatory filing with the SEC. Oarsman Capital Inc sold 23,182 shares as the company’s stock rose 8.30% with the market. The institutional investor held 248,898 shares of the o.e.m. company at the end of 2017Q3, valued at $4.79M, down from 272,080 at the end of the previous reported quarter. Oarsman Capital Inc who had been investing in Modine Manufacturing for a number of months, seems to be less bullish one the $1.19 billion market cap company. The stock increased 1.72% or $0.4 during the last trading session, reaching $23.65. About 176,114 shares traded. Modine Manufacturing Company (NYSE:MOD) has risen 17.98% since February 15, 2017 and is uptrending. It has outperformed by 1.28% the S&P500.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.19, from 1 in 2017Q2. It is positive, as 58 investors sold IPG shares while 129 reduced holdings. 64 funds opened positions while 159 raised stakes. 382.86 million shares or 1.99% more from 375.40 million shares in 2017Q2 were reported. Advisory Ltd Com has 1,976 shares for 0% of their portfolio. Hl Fincl Ltd Liability Com holds 0.01% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 35,128 shares. Rwc Asset Mgmt Llp holds 971,907 shares. 100,768 were accumulated by Delphi Mngmt Ma. Srb Corporation stated it has 8,631 shares or 0.02% of all its holdings. Comerica National Bank & Trust has 852,580 shares. Parallax Volatility Advisers Ltd Partnership owns 188,297 shares. Principal Group Incorporated stated it has 0.02% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Ls Inv Advsr reported 21,447 shares stake. Comerica invested in 127,402 shares or 0.37% of the stock. Echo Street Mngmt Limited Com holds 0.33% or 461,734 shares. Moreover, Millennium Ltd has 0% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG). Meeder Asset Mgmt, Ohio-based fund reported 4,361 shares. Verition Fund Mgmt Limited Liability Company holds 0.04% or 26,052 shares. 1.50M are held by Fairpointe Cap Lc.

Among 17 analysts covering Interpublic Group of Companies (NYSE:IPG), 10 have Buy rating, 2 Sell and 5 Hold. Therefore 59% are positive. Interpublic Group of Companies had 47 analyst reports since September 7, 2015 according to SRatingsIntel. As per Thursday, July 13, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by Citigroup on Wednesday, September 6. On Monday, October 17 the stock rating was maintained by Pivotal Research with “Buy”. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, July 13 report. As per Thursday, January 5, the company rating was downgraded by Morgan Stanley. Wells Fargo maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) on Thursday, April 13 with “Buy” rating. The firm earned “Buy” rating on Wednesday, April 12 by RBC Capital Markets. The stock has “Hold” rating by Jefferies on Wednesday, December 13. The firm earned “Underweight” rating on Thursday, July 27 by Atlantic Securities. On Wednesday, October 21 the stock rating was maintained by Pivotal Research with “Hold”.

Since August 21, 2017, it had 0 insider purchases, and 1 sale for $410,000 activity.

Martin Currie Ltd, which manages about $1.30 billion US Long portfolio, upped its stake in Tal Ed Group (NYSE:XRS) by 9,100 shares to 11,000 shares, valued at $371,000 in 2017Q3, according to the filing. It also increased its holding in Southern Copper Corp (NYSE:SCCO) by 34,308 shares in the quarter, for a total of 592,790 shares, and has risen its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM).

Oarsman Capital Inc, which manages about $244.14M and $236.57M US Long portfolio, upped its stake in Range Resources (NYSE:RRC) by 68,845 shares to 198,535 shares, valued at $3.89M in 2017Q3, according to the filing. It also increased its holding in Ishares Barclays Tips Bond Fun (TIP) by 2,715 shares in the quarter, for a total of 8,122 shares, and has risen its stake in Vanguard Emerging Markets Stoc (VWO).

Among 4 analysts covering Modine Manufacturing (NYSE:MOD), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Modine Manufacturing had 8 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, August 4 by Zacks. On Friday, May 26 the stock rating was maintained by Robert W. Baird with “Buy”. The stock has “Buy” rating by Robert W. Baird on Tuesday, September 5. The stock of Modine Manufacturing Company (NYSE:MOD) earned “Buy” rating by Gabelli on Tuesday, January 31. The firm earned “Hold” rating on Monday, May 29 by ValuEngine. The firm has “Buy” rating by Seaport Global given on Thursday, March 24. The stock has “Buy” rating by Seaport Global on Wednesday, January 31.

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By1 Migdalia James

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