Bank Of Nova Scotia Trimmed Ppg Inds (PPG) Holding as Stock Rose; Nelnet Cl A Com S (NNI) Shareholder Zebra Capital Management Has Cut Holding

February 9, 2018 - By Louis Casey

Bank Of Nova Scotia decreased its stake in Ppg Inds Inc (PPG) by 48.58% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Nova Scotia sold 42,076 shares as the company’s stock rose 4.26% with the market. The institutional investor held 44,540 shares of the basic industries company at the end of 2017Q3, valued at $4.84M, down from 86,616 at the end of the previous reported quarter. Bank Of Nova Scotia who had been investing in Ppg Inds Inc for a number of months, seems to be less bullish one the $28.15 billion market cap company. The stock increased 0.28% or $0.31 during the last trading session, reaching $110.61. About 227,332 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since February 9, 2017 and is uptrending. It has underperformed by 15.67% the S&P500.

Roger Ibbotson decreased its stake in Nelnet Inc Cl A Com S (NNI) by 15.05% based on its latest 2017Q3 regulatory filing with the SEC. Zebra Capital Management Llc sold 10,134 shares as the company’s stock declined 21.49% while stock markets rallied. The hedge fund run by Roger Ibbotson held 57,201 shares of the finance company at the end of 2017Q3, valued at $2.89M, down from 67,335 at the end of the previous reported quarter. Zebra Capital Management Llc who had been investing in Nelnet Inc Cl A Com S for a number of months, seems to be less bullish one the $2.06B market cap company. The stock increased 0.28% or $0.14 during the last trading session, reaching $50.43. About 25,175 shares traded. Nelnet, Inc. (NYSE:NNI) has risen 13.42% since February 9, 2017 and is uptrending. It has underperformed by 3.28% the S&P500.

Among 25 analysts covering PPG Industries (NYSE:PPG), 13 have Buy rating, 0 Sell and 12 Hold. Therefore 52% are positive. PPG Industries had 68 analyst reports since September 6, 2015 according to SRatingsIntel. Seaport Global maintained it with “Buy” rating and $130.0 target in Tuesday, January 23 report. The rating was downgraded by SunTrust on Monday, July 24 to “Hold”. Goldman Sachs upgraded PPG Industries, Inc. (NYSE:PPG) on Monday, October 12 to “Buy” rating. The firm has “Buy” rating given on Tuesday, August 22 by KeyBanc Capital Markets. The firm has “Buy” rating by Jefferies given on Friday, May 26. As per Tuesday, October 25, the company rating was downgraded by Argus Research. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Outperform” rating by RBC Capital Markets on Tuesday, October 11. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Tuesday, September 8 with “Outperform” rating. The stock has “Buy” rating by Jefferies on Tuesday, January 2. The stock has “Buy” rating by Robert W. Baird on Thursday, December 21.

Since August 11, 2017, it had 0 insider purchases, and 1 insider sale for $1.91 million activity. BOST GLENN E II also sold $2.00 million worth of PPG Industries, Inc. (NYSE:PPG) shares.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.34, from 0.8 in 2017Q2. It is positive, as 44 investors sold PPG shares while 213 reduced holdings. 73 funds opened positions while 219 raised stakes. 186.32 million shares or 0.58% more from 185.24 million shares in 2017Q2 were reported. Cetera Advisor Network Lc holds 8,051 shares or 0.04% of its portfolio. Louisiana State Employees Retirement Systems holds 0.08% or 16,000 shares. Cubist Systematic Strategies Limited Com accumulated 0.02% or 2,762 shares. Alphaone Svcs Limited Liability Com holds 1,534 shares or 0.04% of its portfolio. Aperio Gru Limited Liability Company stated it has 120,480 shares or 0.07% of all its holdings. Ahl Prtn Limited Liability Partnership owns 146,013 shares or 0.28% of their US portfolio. Robeco Institutional Asset Management Bv accumulated 19,548 shares. Diversified Trust invested in 11,272 shares or 0.09% of the stock. Leisure Mngmt holds 1.77% or 18,530 shares. Commonwealth Equity Svcs Inc owns 70,714 shares for 0.05% of their portfolio. Schroder Invest Mgmt Grp Inc accumulated 2,920 shares. Baystate Wealth Ltd owns 1,040 shares for 0.02% of their portfolio. Qs Invsts Ltd Liability reported 8,320 shares or 0.01% of all its holdings. Old Mutual Global (Uk) Limited owns 582,838 shares. White Pine Cap has 0% invested in PPG Industries, Inc. (NYSE:PPG) for 2,390 shares.

Bank Of Nova Scotia, which manages about $17.16 billion US Long portfolio, upped its stake in Public Svc Enterprise Group (NYSE:PEG) by 21,907 shares to 439,836 shares, valued at $20.34M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (ACWI) by 12,537 shares in the quarter, for a total of 30,337 shares, and has risen its stake in Tronox Ltd (NYSE:TROX).

Since August 18, 2017, it had 0 insider purchases, and 6 insider sales for $512,640 activity. Munn William J sold $55,000 worth of Nelnet, Inc. (NYSE:NNI) on Thursday, October 19.

Zebra Capital Management Llc, which manages about $438.46 million and $308.52M US Long portfolio, upped its stake in Amkor Technology Inc Com Stk (NASDAQ:AMKR) by 136,834 shares to 180,487 shares, valued at $1.90 million in 2017Q3, according to the filing. It also increased its holding in Mylan Inc Com Stk (NASDAQ:MYL) by 17,992 shares in the quarter, for a total of 46,759 shares, and has risen its stake in Tjx Cos Inc New Com Stk (NYSE:TJX).

Among 2 analysts covering Nelnet (NYSE:NNI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nelnet had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by Compass Point on Thursday, October 19 to “Buy”. The rating was maintained by Compass Point with “Buy” on Friday, August 7. Credit Suisse maintained it with “Outperform” rating and $56 target in Friday, August 7 report. Compass Point maintained the shares of NNI in report on Monday, November 9 with “Buy” rating. The firm earned “Neutral” rating on Monday, November 14 by Credit Suisse. Compass Point downgraded Nelnet, Inc. (NYSE:NNI) on Wednesday, August 9 to “Neutral” rating. The rating was maintained by Compass Point on Tuesday, February 6 with “Buy”. Credit Suisse maintained it with “Neutral” rating and $55 target in Friday, October 20 report.

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By1 Louis Casey

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