As United Nat Foods (UNFI) Stock Declined, Indexiq Advisors Raised Its Position by $372,936; Gilman Hill Asset Management Raised Holding in Seagate Technology Plc (STX) by $4.26 Million as Stock Declined

February 4, 2018 - By Maria Brooks

Indexiq Advisors Llc increased its stake in United Nat Foods Inc (UNFI) by 83.04% based on its latest 2017Q3 regulatory filing with the SEC. Indexiq Advisors Llc bought 9,096 shares as the company’s stock declined 9.34% while stock markets rallied. The institutional investor held 20,050 shares of the consumer non-durables company at the end of 2017Q3, valued at $834,000, up from 10,954 at the end of the previous reported quarter. Indexiq Advisors Llc who had been investing in United Nat Foods Inc for a number of months, seems to be bullish on the $2.29B market cap company. The stock decreased 1.45% or $0.67 during the last trading session, reaching $45.42. About 697,956 shares traded. United Natural Foods, Inc. (NASDAQ:UNFI) has risen 15.49% since February 4, 2017 and is uptrending. It has underperformed by 1.21% the S&P500.

Gilman Hill Asset Management Llc increased its stake in Seagate Technology Plc (STX) by 801.91% based on its latest 2017Q3 regulatory filing with the SEC. Gilman Hill Asset Management Llc bought 129,132 shares as the company’s stock declined 9.82% while stock markets rallied. The institutional investor held 145,235 shares of the electronic components company at the end of 2017Q3, valued at $4.82 million, up from 16,103 at the end of the previous reported quarter. Gilman Hill Asset Management Llc who had been investing in Seagate Technology Plc for a number of months, seems to be bullish on the $14.75B market cap company. The stock decreased 4.90% or $2.67 during the last trading session, reaching $51.77. About 6.57M shares traded or 41.77% up from the average. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since February 4, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.

Indexiq Advisors Llc, which manages about $1.21 billion and $2.32B US Long portfolio, decreased its stake in Ishares Tr (IEFA) by 5,967 shares to 39,049 shares, valued at $2.51 million in 2017Q3, according to the filing. It also reduced its holding in Anadarko Pete Corp (NYSE:APC) by 7,683 shares in the quarter, leaving it with 1,985 shares, and cut its stake in Ishares Tr (HYG).

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.24, from 1.01 in 2017Q2. It increased, as 32 investors sold UNFI shares while 70 reduced holdings. 49 funds opened positions while 79 raised stakes. 54.07 million shares or 1.89% more from 53.06 million shares in 2017Q2 were reported. Natixis reported 9,747 shares stake. Ameritas Prtnrs accumulated 0.03% or 19,196 shares. Tower Cap Limited Liability Corp (Trc) invested 0.04% of its portfolio in United Natural Foods, Inc. (NASDAQ:UNFI). Cooke And Bieler LP reported 952,088 shares. Deutsche Bank Ag accumulated 0.01% or 363,489 shares. Great Lakes Advisors Ltd Llc has 102,064 shares for 0.1% of their portfolio. Fisher Asset Management Ltd Co has 704,159 shares for 0.04% of their portfolio. Parametric Ltd Liability Company reported 0.01% stake. Wellington Shields Management Ltd Liability holds 0.49% or 89,020 shares in its portfolio. Swiss Savings Bank holds 0% or 85,000 shares in its portfolio. Victory Capital Mngmt holds 4,751 shares. Principal Financial Group stated it has 0.01% of its portfolio in United Natural Foods, Inc. (NASDAQ:UNFI). Amalgamated Fincl Bank has 0.01% invested in United Natural Foods, Inc. (NASDAQ:UNFI) for 6,843 shares. Moreover, Bancorp Of Montreal Can has 0% invested in United Natural Foods, Inc. (NASDAQ:UNFI). 614,455 are held by Millennium Management Ltd Liability Corp.

Among 26 analysts covering United Natural Foods (NASDAQ:UNFI), 8 have Buy rating, 4 Sell and 14 Hold. Therefore 31% are positive. United Natural Foods had 87 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, January 31 the stock rating was initiated by Goldman Sachs with “Neutral”. On Tuesday, October 17 the stock rating was downgraded by RBC Capital Markets to “Underperform”. Standpoint Research downgraded United Natural Foods, Inc. (NASDAQ:UNFI) on Tuesday, June 7 to “Hold” rating. Oppenheimer maintained United Natural Foods, Inc. (NASDAQ:UNFI) rating on Tuesday, December 8. Oppenheimer has “Perform” rating and $42.0 target. The stock has “Hold” rating by Oppenheimer on Thursday, June 29. BMO Capital Markets maintained it with “Hold” rating and $57.0 target in Wednesday, January 24 report. The firm earned “Hold” rating on Tuesday, January 16 by Stephens. The stock has “Neutral” rating by Piper Jaffray on Thursday, November 5. Barclays Capital maintained it with “Underweight” rating and $33 target in Tuesday, March 8 report. The firm has “Hold” rating by Barclays Capital given on Tuesday, January 16.

Since September 22, 2017, it had 0 buys, and 21 sales for $8.11 million activity. On Tuesday, January 2 the insider Griffin Sean sold $610,263. The insider SPINNER STEVEN sold $2.43 million. $250,850 worth of stock was sold by Traficanti Joseph J on Friday, September 22. Hummel John Michael also sold $87,622 worth of United Natural Foods, Inc. (NASDAQ:UNFI) on Tuesday, December 12. 9,321 shares valued at $413,293 were sold by Dorne Eric A. on Tuesday, September 26. On Monday, September 25 Zechmeister Michael Paul sold $506,690 worth of United Natural Foods, Inc. (NASDAQ:UNFI) or 11,500 shares.

Since October 23, 2017, it had 0 insider buys, and 7 insider sales for $9.99 million activity. $316,360 worth of Seagate Technology plc (NASDAQ:STX) was sold by MORTON DAVID H JR on Monday, October 23. Moyo Dambisa F had sold 8,715 shares worth $339,965 on Tuesday, October 24. LUCZO STEPHEN J also sold $4.90 million worth of Seagate Technology plc (NASDAQ:STX) on Monday, January 8.

Gilman Hill Asset Management Llc, which manages about $250.11M and $244.17M US Long portfolio, decreased its stake in Douglas Dynamics Inc (NYSE:PLOW) by 9,688 shares to 165,268 shares, valued at $6.51 million in 2017Q3, according to the filing.

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By1 Maria Brooks

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